If ₦30,000 is approved, then

₦30,000 X 12 months = ₦360,000 per annum.




If a worker works for 35 years, then

₦360,000 X 35 = ₦12.6Million



Let me add another ₦12 600 000 = ₦25, 200, 000 (Including promotion allowances/benefits and annual increments).

Let us do ₦100,000



University graduate working for the state government (teachers, ministries, local government workers and etc).


We have millions of workers in this category, before you hit ₦100,000 per month, you must have spent like 10 - 15years in the service. Entry pay for graduate is around ₦35,000 - ₦45, 000.




₦100,000 x 12months = ₦1, 200, 000(₦1.2m) per year.



₦1,200,000 x 35years = ₦42,000,000 (₦42m)


Let me add ₦8,000,000 for promotion, annual increments.



= ₦50million.




So if a man decide to save his salary for 35years without food, clothes, shelter and raising a family.

And some people will get that in a month

U are looking at the future. Is it enough for the now? Won't he use out of it b4 he removes the one to save(if at all it remains)?

Why not vote for someone that promised 100k we don’t need all these debate and drama

Sowore understands the big different between earning $84 per month and $250 per month.

How can any human depend on $84 per month and you asked him no to steal. It’s impossible.

Explorers:
If ₦30,000 is approved, then

₦30,000 X 12 months = ₦360,000 per annum.




If a worker works for 35 years, then

₦360,000 X 35 = ₦12.6Million



Which means what the minimum wage earner will receive in his/her LIFETIME of work is less than what some SENATORS receives in a MONTH, apart from allowances and other emoluments.

Saraki is a bastard

In 35 years time, the value would have decreased 10folds, in other words, 12.6million now will be 1.26million by that time. So why not just pay total minimum wage upfront once and for all.

Your calculation is very wrong. The minimum wage of N30k will be for GL1 step1 and going by extant public service rules, there is nobody on GL1 step1 again. The most junior worker on a government payroll is on GL4 Step1.

Again, workers are promoted every 2,3, and 4 years depending on cadre. No civil servant can be on a grade level for 35 years. Let's even assume an unusual case of a worker remaining on GL1 for 35, such person cannot remain on the same step for 35 years. Government salaries are paid on an annual incremental basis. That is, your step and salary increases every first of January irrespective of your grade level. Therefore, the scenario painted by the op is false, inaccurate and misleading.

The ignorance on this forum is appalling to the extent that not many even understand what the minimum wage is. Most erroneously believe almost all civil service workers are on minimum wage.

To help you, survey random civil servants (say 50 or more) and see if you will find just one of them earning tyat minimum wage as their monthly salary.

In that 35 years won't the person be promoted

PassingShot:
The ignorance on this forum is appalling to the extent that not many even understand what the minimum wage is. Most erroneously believe almost all civil service workers are on minimum wage.

To help you, survey random civil servants (say 50 or more) and see if you will find just one of them earning tyat minimum wage as their monthly salary.

30k for the least earners

Explorers:
If ₦30,000 is approved, then

₦30,000 X 12 months = ₦360,000 per annum.




If a worker works for 35 years, then

₦360,000 X 35 = ₦12.6Million



Which means what the minimum wage earner will receive in his/her LIFETIME of work is less than what some SENATORS receives in a MONTH, apart from allowances and other emoluments.

Explorers, I'm a fan of yours and your threads are always entertaining and very enlightening but you goofed on this one.

You forgot no one works for 35 years and remain stagnant in the level that was given them at entry level. As years go by, promotions come, although one might stagnate at some point, but you sure get some promotion.

You failed to factor that in in your analysis.

Regardless, the implication of your analysis isn't lost on me. The proposed wage is just a drop in the ocean of what our thieving "leaders" recieve, and that is really unfortunate.

lexy070:
In that 35 years won't the person be promoted

What if the person has not acquired the required qualification for the promotion. Where i am, many staff have been like that for years.

Explorers:


What if the person has not acquired the required qualification for the promotion. Where i am, many staff have been like that for years.

And they don't get annual increments every year irrespective of promotion? What's the name of this your MDA?

Corrinthians:


You failed to factor that in in your analysis.

Yea, got it.

Even with error N30k is still quite small bit how many people on that pay grade even work and repay their employer adequately?

Explorers:


30k for the least earners

That's the meaning of Minimum Wage..
The least earner gets N30k..
Cleaners are not even paid as least earners., they are paid a little bit higher according to their grade-level and step.

Explorers:
If ₦30,000 is approved, then

₦30,000 X 12 months = ₦360,000 per annum.




If a worker works for 35 years, then

₦360,000 X 35 = ₦12.6Million



Let me add another ₦12 600 000 = ₦25, 200, 000 (Including promotion allowances/benefits and annual increments).

Tax nko? What of pensions?

Optional09:
Why not vote for someone that promised 100k we don’t need all these debate and drama

Sowore understands the big different between earning $84 per month and $250 per month.

How can any human depend on $84 per month and you asked him no to steal. It’s impossible.

Promised ke
Aren't u tired of lies Why didn't the so called saviour implement the 100k wen he was in power

tk4rd:
That's the meaning of Minimum Wage..
The least earner gets N30k..
Cleaners are not even paid as least earners., they are paid a little bit higher according to their grade-level and step.

What planet are u living in
Cleaners in my office earn 15k

Even though the op made a mistake in his calculations.. These zombies didn't need to remind us of Buhari back side

I think they want the minimum wage reduced instead
So that Buhari can buy more Dubai mansions and luxury power bikes for yusuf...

Spit on zombies

allthingsgood:


Promised ke
Aren't u tired of lies Why didn't the so called saviour implement the 100k wen he was in power

Where did you see sowore in power before

zombieTRACKER:


Where did you see sowore in power before

Don't put mouth if u don't know d discussion. Nobody called that weedhead sowore here. Now run along!

The government, or even your employer, doesn't owe anybody wealth or life of comfort.

Do you own thing, hustle, be an entrepreneur, and earn the living you desire. Don't sit and wait for fat salaries that you don't deserve - when most of the workforce are useless and incompetent anyway.

allthingsgood:


What planet are u living in
Cleaners in my office earn 15k

Which office is that please?? Which Ministry is that exactly?? In Which State??

[s]

zombieTRACKER:

Even though the op made a mistake in his calculations.. These zombies didn't need to remind us of Buhari back side

I think they want the minimum wage reduced instead
So that Buhari can buy more Dubai mansions and luxury power bikes for yusuf...

Spit on zombies

[/s]

Officialpdpnig:


On the contrary sir, we pay a lot of you to come on social media to defend our candidate.

We gave you all serial numbers for ease of payment.

A lot of you have been performing below par which is why I was sent Here to monitor your performances and so far I have been highly disappointed.

We do however note that the 12,500 naira a month you are being paid is low and we are looking at increasing it as the elections draw nearer. Do bear with us.

Perhaps the increase in payment will encourage better service from you. Thank you

Use your 12k wisely

VeeVeeMyLuv:
In 35 years time, the value would have decreased 10folds, in other words, 12.6million now will be 1.26million by that time. So why not just pay total minimum wage upfront once and for all.

stop been so negative....its still better than nothing....is not that you can force those that earn much more to let go anyways....

Optional09:
Why not vote for someone that promised 100k we don’t need all these debate and drama

Sowore understands the big different between earning $84 per month and $250 per month.

How can any human depend on $84 per month and you asked him no to steal. It’s impossible.

we are tired of promises....we want a continual increase and not promises since 1999....

we dont want promises every elections....we want gradual increases no matter who is president....

tk4rd:
Which office is that please?? Which Ministry is that exactly?? In Which State??

Federal
Abuja

Is it current minimum wage debate not on 30K? hence his reason for predicating his calculation based on that is correct.

seunmsg:
Your calculation is very wrong. The minimum wage of N30k will be for GL1 step1 and going by extant public service rules, there is nobody on GL1 step1 again. The most junior worker on a government payroll is on GL4 Step1.

Again, workers are promoted every 2,3, and 4 years depending on cadre. No civil servant can be on a grade level for 35 years. Let's even assume an unusual case of a worker remaining on GL1 for 35, such person cannot remain on the same step for 35 years. Government salaries are paid on an annual incremental basis. That is, your step and salary increases every first of January irrespective of your grade level. Therefore, the scenario painted by the op is false, inaccurate and misleading.

Choi

Explorers don dey calculate money wey people never see.

How does it send buhari back to daura?