Soon, the minimum wage will be reflected on our salary, probably before the end of the year.
To consider:
(1) 133.3333334 percent of N30,000 is N40,000
(2) 133.3333334 percent of N124,000 is N165,333.333
(3) 165,333.333 + N124,000 = N289,333.333
N24,286.49 was our basic salary at N70,721.31, which take home was N65,244.31.
For now, I don't know our basic salary, since I have not seen our payslip. But assuming that our basic is N70,000
Calculating with the basic salary, it should be 133.3333334% of N70,000, which is N93,333.3334 , therefore N124,000 + N93,333.3334 = N217, 333.3334
Calculating with the net, it should be 133.3333334 percent of N124,000, which is N165,333.333, therefore, 165,333.333 + N124,000 = N289,333.333
At worst it should be N124,000 + added N40,000 = N164,000.

Chibuking81:
Soon, the minimum wage will be reflected on our salary, probably before the end of the year.
To consider:
(1) 133.3333334 percent of N30,000 is N40,000
(2) 133.3333334 percent of N124,000 is N165,333.333
(3) 165,333.333 + N124,000 = N289,333.333
N24,286.49 was our basic salary at N70,721.31, which take home was N65,244.31.
For now, I don't know our basic salary, since I have not seen our payslip. But assuming that our basic is N70,000
Calculating with the basic salary, it should be 133.3333334% of N70,000, which is N93,333.3334 , therefore N124,000 + N93,333.3334 = N217, 333.3334
Calculating with the net, it should be 133.3333334 percent of N124,000, which is N165,333.333, therefore, 165,333.333 + N124,000 = N289,333.333
At worst it should be N124,000 + added N40,000 = N164,000.

this assumption of 70k as basic salary of level 12 is very much on the high side . Presently level 13 step 7 earns only about 57k as basic salary

Pls dear colleagues, l missed the last promotion exercise , pls kindly advice me on how to go about it ,am of ube and l also need transfer after having put in over 10yrs in ogoni teaching in 4 different schools, abeg l need come back to ph. Pls help me out if you know any means . Thanks in advance

gold360:
this assumption of 70k as basic salary of level 12 is very much on the high side . Presently level 13 step 7 earns only about 57k as basic salary

Our basic is 48k. That's for level 12.
Have my payslip here.

23Ju:

Our basic is 48k. That's for level 12.
Have my payslip here.

OK ASSUMING they are using basic salary to do consequential salary adjustment

48000/100*133 which will be equal to 63800 naira .
Then add it to your current net pay of 124k. The total which is 187k should be your present salary

gold360:
OK ASSUMING they are using basic salary to do consequential salary adjustment

48000/100*133 which will be equal to 63800 naira .
Then add it to your current net pay of 124k. The total which is 187k should be your present salary

Yes you are right. My calculation gives 64,000. My salary is 131k. So 131k+64k = 195k. Im of the UBE.
Reason for the difference in value between yours and mine is because you used the approximate value of 133 while i used the exact value of 133.3333333
Yes what they use is the basic. When it was moved from 18k to 30k, i used same calculation to arrive at what we were earning then. Then our basic was about 24k.

23Ju:

Yes you are right. My calculation gives 64,000. My salary is 131k. So 131k+64k = 195k. Im of the UBE.
Reason for the difference in value between yours and mine is because you used the approximate value of 133 while i used the exact value of 133.3333333
Yes what they use is the basic. When it was moved from 18k to 30k, i used same calculation to arrive at what we were earning then. Then our basic was about 24k.

cool . If you're are on level 12 and earning this 131k it could mean you have not been contributing pension . Better get in touch with your account officer at your board to fix it assuming you are interested in collecting pension when you retire in future

Chibuking81:
Soon, the minimum wage will be reflected on our salary, probably before the end of the year.
To consider:
(1) 133.3333334 percent of N30,000 is N40,000
(2) 133.3333334 percent of N124,000 is N165,333.333
(3) 165,333.333 + N124,000 = N289,333.333
N24,286.49 was our basic salary at N70,721.31, which take home was N65,244.31.
For now, I don't know our basic salary, since I have not seen our payslip. But assuming that our basic is N70,000
Calculating with the basic salary, it should be 133.3333334% of N70,000, which is N93,333.3334 , therefore N124,000 + N93,333.3334 = N217, 333.3334
Calculating with the net, it should be 133.3333334 percent of N124,000, which is N165,333.333, therefore, 165,333.333 + N124,000 = N289,333.333
At worst it should be N124,000 + added N40,000 = N164,000.

How did you get 133.3333334 percent, how did you generate this figure?

gold360:
cool . If you're are on level 12 and earning this 131k it could mean you have not been contributing pension . Better get in touch with your account officer at your board to fix it assuming you are interested in collecting pension when you retire in future

You dey find future for this job?
You better start planning your future now and forget retirement.

gold360:
this assumption of 70k as basic salary of level 12 is very much on the high side . Presently level 13 step 7 earns only about 57k as basic salary

Based on 30k minimum wage currently.

dmercy141983:



How did you get 133.3333334 percent, how did you generate this figure?

133.3333334/100 X 30,000 = 40,000.00002 Approximately 40,000

Tekzyflex:


You dey find future for this job?
You better start planning your future now and forget retirement.

If the contributing pension stands, it still part of planning for the future. Investment in Nigeria stock exchange, building commercial houses, establishing industrial, and business can still constitute part of future planning. Set aside part of your monthly pay for investment.

Calculations e go shock una

23Ju:

Our basic is 48k. That's for level 12.
Have my payslip here.

Meaning using level 12 basic of 48,000.
It should be 133.333333/100 x 48,000 = 64,000
N124,000 + N64,000 = N188,000.

Using level 12 net salary of N124,000
It should be 133.333333/100 x 124,000 = 165,333.333
N124,000 + N165,333.333 = N289,333

I think Edo state that first implemented N70,000 uses the net. Level 7 received N127,000 above as heard.

https://m.facebook.com/story.php?id=182121408489430&story_fbid=7979719952062831

Today, on Workers' Day, I want to join in celebrating the incredible workforce that propels Edo State forward and express my deepest gratitude to H.E. Governor Godwin Obaseki for his unwavering commitment to our workers.

Governor Obaseki's vision for a thriving Edo hinges on a strong, empowered workforce. His pro-worker policies have demonstrably improved the lives of many and are evident in policies like the recent minimum wage increase.

Did you know? In just eight years, the salary for a level 7 primary school teacher (the lowest level for teachers with NCE or Diploma) has more than tripled, from ₦42,000 in 2016, ₦73,000 in 2022 to over ₦127,000 with the recent rise in 2024.

This is an unprecedented increase, demonstrating Governor Obaseki's dedication to ensuring our workers are valued and compensated fairly.

This isn't just about money. These wage increases translate into improved living standards, a sense of security, and a well-deserved recognition for the vital role our workers (especially teachers) play.

Governor Obaseki's commitment goes beyond financial support. Initiatives like EdoBEST 2.0 are designed to continuously professionalize the workforce, especially our educators. EdoBEST provides resources and training to help our teachers excel, ultimately benefitting our learners and the future of Edo State.

On this Workers' Day, on behalf of the teachers of Edo State, I thank the Governor profoundly for this incredible and unprecedented feat.

Together, with Governor Obaseki's leadership, we can build an even brighter future for all Edo workers.

Good Job you, Mr. Governor!

Joan Osa Oviawe, PhD
Hon. Commissioner of Education

dmercy141983:



How did you get 133.3333334 percent, how did you generate this figure?

(Final MW-Initial MW)/Initial MW ×100
=(70000-30000)/30000×100=(4/3)×100 =133.3333333
As a short cut, just multiply 1.3333333 by your basic to get what you were supposed to add to your initial salary.
That's (70000-30000)/30000=1.33333333
So 1.33333333×48000=64000

buniken:
Brother dmercy, could you please give us more information about the new board chairmen being constituted by Governor Fubara and the teachers promotion? Your expert knowledge would be highly appreciated.

that mbada no go ever fit get expert knowledge

This Ignatius Ajuru university site for recruitment isn't opening or is it my phone?
I need help please

buniken:
Brother dmercy, could you please give us more information about the new board chairmen being constituted by Governor Fubara and the teachers promotion? Your expert knowledge would be highly appreciated.

Please I am on federal assignment, when I return I will look onto your request

Cursive:
shut up. You contribute nothing but insult here.

When you post nonsense you will take your medicine since you don't have sense and reasonable things to post bụt lies and deceit.
I contribute sanity in this space ok! U sef go feel am.

gold360:
nama

Your father is Ewu na atụrụ! E go bend for u since u Wan try ur elder. Your mother is Nchi

Cursive:
that mbada no go ever fit get expert knowledge

Since your expert knowledge is to post nonsense, we are entering salary week if dem born u well post lies and deceit.

Cursive:
that mbada no go ever fit get expert knowledge

you get time dey reply the ewu Gambia. dmercy every Sane person here treats as a vomit

dmercy141983:



Your father is Ewu na atụrụ! E go bend for u since u Wan try ur elder. Your mother is Nchi

Dmercy God will never have MERCY on that mgbeke father of yours who couldn't afford a fifty naira condom and therefore brought you into this world along side that your olosho of a mother.

I beg this promotion order for teachers is it for both ube and senior secondary. My humble question pls

dmercy141983:



Please I am on federal assignment, when I return I will look onto your request

hahaha. Wonderful . An ewu mpapa like you who cant join two sentences together and make any meaningful contribution since you joined this group is on a national assignment? . See malu!
Which national assignment ? INEC or NPC?
Even on a Sunday ?
when an alika like you. cant answer a simple question. he starts lying . I repeat dmercy God will never have mercy on that mgbeke father of yours for bringing a vomit like you into this world

Caringpro:
I beg this promotion order for teachers is it for both ube and senior secondary. My humble question pls

no dear . From what I have been told . The directive was given to sssb to conclude their own promotion exercise by giving out letters of promotion to their staffs who havent received these letters since last year

dmercy141983:



Please I am on federal assignment, when I return I will look onto your request

shut up there. who dash monkey banana

gold360:
you get time dey reply the ewu Gambia. dmercy every Sane person here treats as a vomit

I'm ready for him/her/it, whatever it is. Very uncultured human being. Will never make any sensible contribution but insult every other person. Talking about Federal assignment, Mbada wey no pass our exam.

Cursive:
I'm ready for him/her/it, whatever it is. Very uncultured human being. Will never make any sensible contribution but insult every other person. Talking about Federal assignment, Mbada wey no pass our exam.

you dey mind the nkapi?
He-goat who doesn't understand how is a simple 133 percent increase on our minimum wage was arrived at . (Something a primary 4 pupil can handle with ease) is now coming to shamelessly claim on working on a federal assignment .
Namashobiri

*Increased Minimum Wage: Just before you put yourself in a financial mess*
By
Paulinus I. Iyika, PhD, FCA

It is no longer news that the Federal Government of Nigeria has agreed to raise the Minimum Wage to N70,000. This is a whopping 133.33% increase from the current N30,000.
The purpose of this article is not to discuss the adequacy or otherwise of this amount but to educate as many workers out there who believe they will be receiving an increased monthly salary equivalent to 133.33%.

First of all, what is minimum wage?
Strictly speaking, the minimum wage is the lowest legal hourly pay that employers can give workers. This rate varies by country, state, and sometimes even by city. It is set by governments through enacting into law to ensure a minimum standard of living for employees.
However, national minimum as it is in Nigeria requires the Federal Government to set a flat rate for all employers both public and private sectors. This is in contrast to some countries where Sub-National governments are allowed to fixed wages. In the US for example , some states have minimum wages higher than the federal government.

Back to the main issue.
I came across a formula making the round on social media which is misleading. According to the formula, everybody should expect a 133.33% increment.
X=(a*b)/c

Where :
X =New salary (based on b)
a=Current salary
b=new minimum wage
c=current minimum wage

Hence , an employee on #52,000 should expect about N121,000.

This is utterly misleading and it will be important to clarify this in order to manage expectations. Don’t begin to spend money that does not and will never exist.

For those on the lowest rung of income level, say those on GL 1 for example who earn the lowest or some persons in private sector say cleaners, etc. , the expectation is higher because they are the most hit in the economy.

However, as the grade level increases, the incremental effect reduces across board. At the end, someone earning say #300,000 will not get same percentage increment like someone at the lowest level. Applying same rate of increase will normally lead to #699,999 for someone earning #300,000 presently.

The responsibility to determine the variations across board is domiciled with the National Salaries Income and Wages Commission(NSIWC). They will carry out consequential adjustment which refers to the revisions in the salary structure across various levels of employment that follow an increase in the minimum wage. When the minimum wage is increased, it doesn't only affect the lowest-paid employees; it also necessitates adjustments for higher salary brackets *to maintain wage differentials and ensure equity within the pay structure*.

The consequential adjustment typically involves:

1. *Review of Salary Structures*: The NSIWC reviews the entire salary structure of the public and private sectors to determine how the new minimum wage affects different pay grades.

2 *Maintaining Wage Relativity*: Ensuring that the new minimum wage does not compress the wage structure, meaning that pay differentials between various grades and levels of employment are maintained. This helps in preserving the incentives for career progression and maintaining motivation among higher-skilled workers.

3 *Incremental Adjustments*: Incremental adjustments are made to the salaries of employees in different grades. These adjustments are calculated to ensure that each grade receives a proportionate increase that reflects the rise in the minimum wage.

4 *Equity and Fairness*:
Ensuring that the salary adjustments are fair and equitable across all employment levels. This involves making sure that the salary increases are proportionate and justified based on job responsibilities, experience, and qualifications.

5. *Budget Impact Analysis*: Assessing the financial implications of the salary adjustments for employers, particularly in the public sector. This includes determining how the increased wage bill will be funded and its impact on government budgets and spending.

6. *Negotiations and Consultations*:
Engaging with labor unions, employee representatives, and other stakeholders to negotiate and agree on the new salary scales. This helps in achieving consensus and minimizing disputes.

7. *Implementation Timeline*: Establishing a timeline for the implementation of the consequential adjustments. This includes setting dates for the adjustments to take effect and ensuring that all parties are aware of the changes.

9. *Compliance Monitoring*: The NSIWC monitors compliance with the new salary structures to ensure that employers adhere to the adjustments and that employees receive their due increases.

In summary, consequential adjustment by the NSIWC ensures that an increase in the minimum wage leads to a comprehensive revision of the entire salary structure, maintaining fairness and equity *while considering the financial capabilities of employers*.

*Do not build castles in the air* !

NB: The opinion expressed here are entirely mine and not the organization I represent. It is also aimed at educating not for advisory purposes.

[quote author=gold360 post=131063774]no dear . From what I have been told . The directive was given to sssb to conclude their own promotion exercise by giving out letters of promotion to their staffs who havent received these letterts since last year[/quote
Thank you dear]

gold360:
Dmercy God will never have MERCY on that mgbeke father of yours who couldn't afford a fifty naira condom and therefore brought you into this world along side that your olosho of a mother.

You were the first to call your father Nama, so in reminded you that your mother is an ijiotic mgbeke.. If dem born u well insult ur father again.