Chibuking81:
https://punchng.com/breaking-buhari-endorses-n30000-minimum-wage/

BREAKING: Buhari endorses N30,000 minimum wage


BREAKING NEWS
Published November 6, 2018
Olalekan Adetayo, Abuja

President Muhammadu Buhari on Tuesday endorsed N30,000 as the new national minimum wage.


He said this while receiving the report of the Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa, Abuja.

The report was submitted by the committee’s chairman, Amal Pepple.

Buhari has also promised to send a bill to the National Assembly to effect the change from N18,000 to

ORDUDAVID:

Good news!!! Please house, how much will level 8 step 4 now earn when implemented?

Chibuking81:


At 30,000 minimum wage
Level 8/3 after pension/ other deduction total 61,823.47 ( basic 24,286.49) Therefore 61,823.47 - 24,286.49 = 37,536.98.

@ 30,000
30,000/18000 x 24,286.49 + 37536.98 = 78,014.4633
(78,014.4633 - 61,823.47 = 16,190.9933 new addition)
New basic will now be 24,286.49 + 16,190.9933 = 40,477.4833 (new basic) + 37,536.98 ( allowances) = 78,014.4633

At 30,000 = 67% approximately

I just used level 8/3 as an example, follow the above step to get that of any level, including level 8 step 4, check the pay slip of any level to know the basic then calculate it this way;
30,000/18,000 x your basic + all the allowances.

It will be little above Level 8 step 3, different of #100 to 500. I also understand that there will also be an increment in allowances too. Meaning that new increment starting from level 8 and above will be above 20k addition.

Chibuking81:


At 30,000 minimum wage
Level 8/3 after pension/ other deduction total 61,823.47 ( basic 24,286.49) Therefore 61,823.47 - 24,286.49 = 37,536.98.

@ 30,000
30,000/18000 x 24,286.49 + 37536.98 = 78,014.4633
(78,014.4633 - 61,823.47 = 16,190.9933 new addition)
New basic will now be 24,286.49 + 16,190.9933 = 40,477.4833 (new basic) + 37,536.98 ( allowances) = 78,014.4633

At 30,000 = 67% approximately

I just used level 8/3 as an example, follow the above step to get that of any level, including level 8 step 4, check the pay slip of any level to know the basic then calculate it this way;
30,000/18,000 x your basic + all the allowances.

It will be little above Level 8 step 3, different of #100 to 500. I also understand that there will also be an increment in allowances too. Meaning that new increment starting from level 8 and above will be above 20k addition.

ORDUDAVID:

Thanks for your response

ORDUDAVID:

Thanks for your response

Chibuking81:


At 30,000 minimum wage
Level 8/3 after pension/ other deduction total 61,823.47 ( basic 24,286.49) Therefore 61,823.47 - 24,286.49 = 37,536.98.

@ 30,000
30,000/18000 x 24,286.49 + 37536.98 = 78,014.4633
(78,014.4633 - 61,823.47 = 16,190.9933 new addition)
New basic will now be 24,286.49 + 16,190.9933 = 40,477.4833 (new basic) + 37,536.98 ( allowances) = 78,014.4633

At 30,000 = 67% approximately

I just used level 8/3 as an example, follow the above step to get that of any level, including level 8 step 4, check the pay slip of any level to know the basic then calculate it this way;
30,000/18,000 x your basic + all the allowances.

Level 8/4 should be little above Level 8 step 3, difference of #100 to 500. I also understand that allowances will get some little increment too. Meaning that new increment starting from level 8 and above will be more than 20k addition.

How I wish, it should be on gross salary.
Then level 8/3 as an example will be;
30,000/18,000 x 70,721.31( gross salary) =117,868.85

ORDUDAVID:

Good news!!! Please house, how much will level 8 step 4 now earn when implemented?

Dapraliz:



Pls house, when will the new minimum wage implementation be? Will it be this year or next year?

Kiomaxi88:
good day fellow colleagues, please who has a good link at the senior secondary school's board that can sharply effect transfer?

Juenwume:

One of the labour leaders actually said going by labour law of 2011, that the increase does not only affects the basic salary but housing, transport and utility. If that was anything to go by, then a 65k earner will receive close to 100k. This is because the sum of basic, Housing allowance, transport allowance and utility is 48,572.98 naira for a 65k earner. So that (30,000/18,000)*48,572.98+(65,244.31-48,572.98) = 97,626.30 if tax, union dues and other deductions were constant.

Chibuking81:


That's good.
From voucher, 8/3 gross stands at 70,721.31
Gross 70,721.31 - 8,897.84 ( which are deductions includes,Tax 2,947.06 + Cont. Pension 3,420.84 + Union Dues 1,922.78 + NHF 607.16 = 8,897.84) = 61,823.47 ( Net Pay )

30,000/18000 x 48,572.98 ( which are, basic 24,286.49 + Accommodation 14,808.83 + Transport 6,515.89 + Utility 2,961.77 = 48,572.98) + 22,148.33 ( which are, Exam Allowance 1,214.32 + Furniture 8,885.30 + Hazard 1,214.32 + Learned 485.72 + Leave grant 2,428.65 + Meal 1,777.06 + Medical 2,500 + Teaching 3,642.96 = 22,148.33) = 103,103.297 (new gross salary)

30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 ( gross salary)
30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 - new deductions will give you new Net pay.

masterchi:
it'll be sent to the national assembly for debate and approval then it will be returned to the president, who will sign it into law before it will take effect. it can take effect this november or next year depending on presidency, national assembly and other political factors. However I hope and pray this november

masterchi:
no body

Chibuking81:
https://t.guardian.ng/news/labour-sets-two-week-target-for-minimum-wage-law/

National
Labour sets two-week target for minimum wage law
By Collins Olayinka, Terhemba Daka, Cornelius Essen, Kanayo Umeh (Abuja), Saxone Akhaine (Kaduna) and Gloria Ehiaghe (Lagos)
07 November 2018 | 4:22 am

A new national minimum wage law is possible within two weeks if the presidency submits the bill this week to the National Assembly for passage, the Nigeria Labour Congress (NLC) affirmed yesterday.
In an exclusive interview in Abuja, NLC president, Ayuba Wabba, told The Guardian that with the tremendous goodwill the organised labour enjoys at the National Assembly, lawmakers would expedite action on the bill.

His comment followed President Muhammadu Buhari’s receipt yesterday of the report of the tripartite committee on the review of the national minimum wage. While government stuck to N24,000, the organised labour insisted on N30,000.

Wabba said: “The organised labour wants to assure the Nigerian people that once the report is submitted today, labour would be considering what timeframe we think would be sufficient enough for the presidency to transmit it to the National Assembly.

“For the work of the National Assembly, we are very certain because we have an understanding with the leadership of the Assembly that the new minimum wage bill will not take more than two days to consider because what would be presented is an amendment of the existing 2011 National Minimum Wage Law. While passing the bill does not require a long process, most members of the two chambers of the National Assembly are well informed about all the issues that surround the minimum wage bill.

“Clearly, I don’t want to quote a specific date because I know how interwoven the process can be. We are committed to watching the process and following up. And anywhere we think there is a deliberate delay, we will respond adequately to every challenge along the way.”

Also reacting on the wage issue, Peter Esele, a former president of the Trade Union Congress (TUC), took on the Minister of Labour and Employment Chris Ngige. “Just imagine him saying N24,000 is enough to feed a family of four. And that if labour thinks it is too small, they should go to the farm and see how difficult life can be. I was aghast that a minister under this government could utter such horrible words. What he said was provocative and the organised labour should request Ngige to tender an unreserved apology to Nigerian workers.”

While receiving the report from the Amal Pep­ple-led tripartite panel at the Presidential Villa in Abuja, Buhari said government plans “to transm­it the executive bill to the National As­sembly for passage within the shortest p­ossible time.” He also expressed commitment to ha­ving a new National Minimum Wage Act soon.

He said: “In constituting this committee, we took­ into account the need for all stakehold­ers to be adequately represented – the g­overnment, the private sector and most i­mportantly the workers. Our goal was to ­get an outcome that was consensual.

“From the onset, we knew the committee h­ad a difficult task ahead of it. But at ­the same time, we were also confident th­at the patriotic and professional backgr­ound of its members would produce realis­tic, fair and implementable recommendati­ons that would be considered by both the ­executive and legislative arms of govern­ment.

“I am not surprised that the committee h­as worked for close to one year. I am al­so not surprised that on a few occasions­, the debates got heated and sometimes, ­these differences came out.

“What is truly inspiring is that, in alm­ost all instances of disagreements, the ­committee members always came back to th­e negotiating table with a common goal o­f improving the welfare of Nigerian work­ers.”

Earlier in her address, Amal-Pepple said: “After carefully weighing these critical­ factors and bearing in the mind the ove­rriding interest of the economy the committee, while noting the offer of N24,000 ­by the Federal Government, is recommendi­ng an increase in the existing minimum w­age from N18,000 to N30,000.

“We believe ­that the implementation of the recommend­ed minimum wage will, no doubt, boost t­he purchasing power of workers, increase­ consumption expenditure and ultimately ­stimulate business and overall economic ­growth.”

The Secretary General, Association of Senior Civil Servants of Nigeria (ASCSN), Alade Bashir Lawal, meanwhile told The Guardian that governors could comfortably pay workers’ salaries. “With this new development of N30,000 new minimum wage, we don’t envisage that any sincere governor would have any problem in complying. For the 2019 elections, it makes it sweeter. If you refuse to comply, we will vote you out,” he said.

Chibuking81:


That's good.
From voucher, 8/3 gross stands at 70,721.31
Gross 70,721.31 - 8,897.84 ( which are deductions includes,Tax 2,947.06 + Cont. Pension 3,420.84 + Union Dues 1,922.78 + NHF 607.16 = 8,897.84) = 61,823.47 ( Net Pay )

30,000/18000 x 48,572.98 ( which are, basic 24,286.49 + Accommodation 14,808.83 + Transport 6,515.89 + Utility 2,961.77 = 48,572.98) + 22,148.33 ( which are, Exam Allowance 1,214.32 + Furniture 8,885.30 + Hazard 1,214.32 + Learned 485.72 + Leave grant 2,428.65 + Meal 1,777.06 + Medical 2,500 + Teaching 3,642.96 = 22,148.33) = 103,103.297 (new gross salary)

30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 ( gross salary)
30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 - new deductions will give you new Net pay.

001bumsa:
You are to attend SMASE work shop at St Andrew's State School, mile 1, Diobu from 12th to 23rd November 2018. Thanks. Ibe Mercy Desk Officer, Obio/Akpor LGEA.

I got this message this morning. Who else has gotten it and what is the SMASE all about?

2ruconfidence:
https://www.nairaland.com/4831694/buhari-not-endorsed-n30000-minimum

xxkash:
I don't get it at all, why would anyone want to do this job till they are 70. Count me out biko nu...

dmercy141983:
All of you that are busy calculating and causing confusion please who gave you the formula to use eeeh? Buhari I guess! Don't calculate in error and be causing confusion OK!