Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum - Politics - Nairaland
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| Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 1:32pm On Dec 08, 2009 |
For Nigerian to attain the levels of what can be called a developing nation the lowest paid worker should be paid N200,000.00 per Annum. I arrived at this figure based on the British Prime Minister’s Salary which is £160,000.00. Or his American Counterpart at $200,000.00 a year. What I notice is that the lowest full time worker in the UK gets just under £16,000.00 per Annum, and the American equivalent about $20,000.00 per Annum. Going by this statistics one can see that the lowest paid worker gets 1/ 10 th of the Salary of the Prime- Minister or President. So for Nigeria to be in this league of development nations a figure of N200,000.00 will not be an excessive over statement. I am sure most Nigerians will be happy to get 1/20th of the Salary of the President which will be just under N100,000.00 per Annum considering Yaradua’s official Salary is about N2,000,000.00 If we take the other emerging economies like Brazil, China, India whom are more less in the same league with Nigeria albeit slightly higher, the salary ranges in these countries is between 1/20th to 1/25th of the Salary of their President. So for all intent and purpose and realisable practicality a modest pay of N50,000.00 should be the lowest paid in the land. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by paddylo1(m): 1:33pm On Dec 08, 2009 |
^^^^^^^^^ by whom?. . .who does the paying now |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by Parohfrey(f): 1:35pm On Dec 08, 2009 |
POSTER and how will you cope with inflation if you pay people that high? objective thinking! Development is not about how much people earn, example, the same UK government annouced yesterday that high paying jobs in government will have to be scrutinised and there will be pay cuts, it is not about how much lump money you pay peo-ple, it is about how well or much that money they earn can fetch them. Inflation will be over the roof if you pay people exhorbitantly. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by Ibime(m): 1:36pm On Dec 08, 2009 |
KnowAll: Are you saying the Preso only earns N2m a year? Im sure you mean monthly. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 1:39pm On Dec 08, 2009 |
Are you saying the Preso only earns N2m a year? Im sure you mean monthly Basic salary without any allowances. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by Parohfrey(f): 1:39pm On Dec 08, 2009 |
^^^^ The President do earn less than 2million monthly - how can he earn 2m monthly? |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 1:40pm On Dec 08, 2009 |
@ OP How did u arrive at that figure oh? Why not start from calculating the minimum wage in the UK which i believe is less than £6 per hr calculate that by 37hrs a week *52 You should get somethin gin the region of £11544 per annum. If you want to calculate what's adequate then you need to calculate the minimum amount an average person should live by daily first. Seems u haven't come across something called wage inflation |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by Ibime(m): 1:41pm On Dec 08, 2009 |
KnowAll: Really?. . . . I learn a new thing everyday. . . . N2m a year is barely £8,000. . . . whoever set the Presidents wage should be prosecuted for abuse of labour  |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 1:44pm On Dec 08, 2009 |
You should get somethin gin the region of £11544 per annum. You have to realise in the UK, the first £5,050 is tax free. If u have kids and u are on this Salary u will get tax credit of nothing less than £6,000.00 per annum therby boosting your salary from £11544.00 to about £17,000.00 even above the figure I quotes earlier which is £16,000.00 |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 1:52pm On Dec 08, 2009 |
If they have kids. your figures are based on the average brits plus not sure they'd get that much if they are claiming for working tax credit. I think they are only allowed to if they work less than 37hrs. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 1:54pm On Dec 08, 2009 |
http://www.nowpublic.com/uk_annual_average_earnings Have a look at the figures published on the link above and calculate the mean |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by Parohfrey(f): 1:57pm On Dec 08, 2009 |
@POSTER Please answer how you will deal with inflation if that figure becomes true! |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 1:58pm On Dec 08, 2009 |
If they have kids. your figures are based on the average brits plus not sure they'd get that much if they are claiming for working tax credit. I think they are only allowed to if they work less than 37hrs. They get that much if husband and wife's combine income is less than £40,000 per annum u get the full wack assuming wife gets £11,000 and husband gets the same thing, they will get almost £6000.00 on tax credit. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by Ibime(m): 1:59pm On Dec 08, 2009 |
Paroh_frey: Good question. . . . |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 2:03pm On Dec 08, 2009 |
and since when did tax credit equate to additional salary income. TC is a mere form of benefit which will most probably be scrapped once the tories get into government. Base your figures/argument on salary income alone just as the statisticians do |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 2:09pm On Dec 08, 2009 |
Please answer how you will deal with inflation if that figure becomes true How do we deal with inflation at the moment. Don’t forget our House of Reps and Senators Annual Salaries are about N1,900.000 or there about a year. But the House of Reps guys get an additional N33,000,000.00 ( 33 million extra as allowances ) while the guys in the Senate get ( 38 million extra ). The Salary structure should be re-adjusted in that House members must not get more than N3 million including all benefits, if they don’t like it they should forget it, millions of Nigerians will like to be on that salary. The money saved from the wastage to Ministers, Governors, State House Members, State Commissioners should be giving to the Nigeria people it works out the same. It is called re-distribution of wealth. Today too many people will rather be politicians than entrepreneurs in Nigeria. Because of the huge rewards u get if you are a politician |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by mrperfect(m): 2:13pm On Dec 08, 2009 |
Paroh_frey:I think there is valid point here. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 2:14pm On Dec 08, 2009 |
r u sure u know what u r talking about? redistribution of wealth is generally used when the government wants to have separate tax band for the rich and poor. how do u expect the so called senators and house of rep members to fill the gap left by drastically reducing their respective allowances. Do you even know what's included in these allowances? |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by proudly9ja(m): 2:14pm On Dec 08, 2009 |
One basic thing we should note is that in the UK for instance, the minimum wage is £5.72 per hour or thereabouts. That means for someone working 37 hours a week, he should take home £211.64 a week before tax and maybe about £150 after tax. From the little experience I have, house rent for a single person is about £80 a week, bills inclusive. That means, he/she is left with about £70 every week for food and clothes, etc. Also from my small experience, I know feeding shouldn't cost more than £15/week as long as he/she has the normal Garri/Rice/Beans at home (for Nigerians, lol) So at minimum wage, an individual should be able to take care of himself/herself without resorting to illegal means. If the minimum wage is to be set in Nigeria, Government must look at how much is paid for quality accommodation, feeding and general bills. The minimum wage on a weekly/monthly basis should be able to take care of this without hassles. As I am not in tune with cost of these things back home, I cannot give a figure but I think any responsible government must look at the above before settling on a figure. 10,000naira per months is not ideal in my opinion. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 2:17pm On Dec 08, 2009 |
I think there is valid point here The point has be answered - get rid of wastage and re-distribute, I am sure the country will be ok. Afterall Sanusi injected 600 billion into the Nigeria economy with no sight of Inflation in the horizon. I am sure we will be fine, Nigeria is a wealthy nation. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by proudly9ja(m): 2:18pm On Dec 08, 2009 |
@ jaybee, one of the things included is a quaterly 30million for 'constituency allowance'. Now unless you know something I do not know, I hardly hear of them doing anything in their various constituencies. Maybe apart from settling the boys. I am not an accountant or even in the finance field but I do think that something needs to be done to reduce the allowances those guys receive. It has been said that Nigerian senators are the highest paid in the world meanwhile the people live on less than a dollar a day. That definitely means there is something wrong somewhere? |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 2:22pm On Dec 08, 2009 |
proudly9ja:KnowAll link=topic=363553.msg5072115#msg5072115 date=1260278233:Population and corruption points to a different conclusion |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 2:22pm On Dec 08, 2009 |
u sure u know what u r talking about? redistribution of wealth is generally used when the government wants to have separate tax band for the rich and poor. how do u expect the so called senators and house of rep members to fill the gap left by drastically reducing their respective allowances. Do you even know what's included in these allowances? The House members and the senators are less than 600 individuals. I am sure millions of un-employed graduates will like to fill the gaps left over by our paid lawmakers for a mundane final salary of N3 MILLION a year including all expenses. I will however expect the FG to provide a permanent quarters for the legislators thus. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by proudly9ja(m): 2:29pm On Dec 08, 2009 |
@jaybee, we are not talking just about basic salaries here. Please include all the stationery allowance (about 12million per quareter), constituency allowance, etc. Like someone said, there is wastage and we need to cut the wastage. Why else will people be willing to sacrifice their lives just to get there? Remember the last time there were suggestions to reduce their salaries, they refused only offering to reduce the basic salary. Thats because they know the real money is in the allowances. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 2:34pm On Dec 08, 2009 |
I am not arguing against reducing the allowance or what-not. I am arguing against Mr Knowall plucking a 3M figure (salary +allowance) from outer-space. Excesses should always be curbed in line with CPI |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by proudly9ja(m): 2:34pm On Dec 08, 2009 |
here's a quote by a senator: Here are some of the miffing facts in their report. Four times this year, each of the 360 members of the House of Representatives will receive ₦35 million as "constituency allowance." In conservative terms, that's $300,000 per member per quarter. At the end of the year, then, each member of the House would have collected a cool $1.2 million. If this figure has made you dizzy - or put you in a tizzy - hold on a minute until you hear this one. Each of the 109 senators collects ₦48 million per quarter. At the end of the year, each senator's haul will be in the neighborhood of $1.7 million. That's not a bad sum for doing - little to nothing. In case you're wondering, these legislators gobble enough cash to give pocket money to President Barack Obama. Obama's salary is $400,000 per annum. That's less than what each Nigerian senator "eats" each quarter. Mind; this gargantuan "constituency allowance" comes on top of salaries and other sundry allowances by the Abuja "lootocrats." As a former member of the National Assembly told me, there's no requirement that the legislators explain how they spend their so-called "constituency" funds. "Throughout the four years I spent in the House," said this former representative, who asked for anonymity, "I don't know of one member who used the money to do anything serious in his or her constituency. The cash was pocketed." see what I mean? |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 2:35pm On Dec 08, 2009 |
we are not talking just about basic salaries here. Please include all the stationery allowance (about 12million per quareter), constituency allowance, etc. Like someone said, there is wastage and we need to cut the wastage. Why else will people be willing to sacrifice their lives just to get there? Remember the last time there were suggestions to reduce their salaries, they refused only offering to reduce the basic salary. Thats because they know the real money is in the allowances. Look at what is happening in Ondo State, 1 Senator and 3 House of reps guys doing everything possible in other to win. I think with that obsence salaries that our lawmakers are getting we as a nation has lost a whole generation of would be entrepreneur to Politics. How can a country grow when the entrepreneaurs are dwindling and becoming a rear breed on a daily basis. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by proudly9ja(m): 2:36pm On Dec 08, 2009 |
jay bee: ok, I see your point. I personally think that any minimum wage should be pegged on the ability to take care of an individual's accommodation, transport, feeding, and bills. Thats what a responsible government would do. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by KnowAll(m): 2:37pm On Dec 08, 2009 |
I am not arguing against reducing the allowance or what-not. I am arguing against Mr Knowall plucking a 3M figure (salary +allowance) from outer-space. Excesses should always be curbed in line with CPI Is 3 million not fair figure consdering we are coming down from 38 million Naira. |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by jaybee3(m): 2:40pm On Dec 08, 2009 |
KnowAll:What's the average cost of renting a comfortable property where they are required to reside? Cost of yearly transportation? Cost of paying salary for their respective employees? et al |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by paddylo1(m): 2:44pm On Dec 08, 2009 |
Is 3 million not fair figure consdering we are coming down from 38 million Naira. stop comparing a senator in abuja to a bus driver in lagos. . .it will not work, we must not encourage any socialist policy in nigeria. . .go to indonesia and see how its done market forces fix wages,if u are skilled enough u will get paid. . . also we have a huge informal sector. . .who sets the wage of a plumber,or trader,or panel beater? its a slippery slope,i dont care to thread on |
| Re: Lowest Paid Nigerian Should Be Paid N200,000.00 Per Annum by paddylo1(m): 2:45pm On Dec 08, 2009 |
What's the average cost of renting a comfortable property where they are required to reside? good point. . .u dont want them to be corrupt,and bought yet u dont want them to be paid well. . . |
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