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How Will The New Minimum Wage Affect My Current Salary? - Career - Nairaland

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How Will The New Minimum Wage Affect My Current Salary? by cashcity: 11:02am On Mar 26, 2019
It is no longer news that Nigerian government just passed the bill to increase minimum wage from N18, 000 to N30, 000.

I'm currently employed in one of our country's ministry agency 2yrs ago at level 8 on a salary of about N121, 000 per month.

My fellow nairalanders please help me to understand the modalities in the calculations and how the minimum wage increment is going to affect my current salary..

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Re: How Will The New Minimum Wage Affect My Current Salary? by nickxtra(m): 11:16am On Mar 26, 2019
Your salary should now jump upto about 201,000 Naira per month. grin

2 Likes 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by Slimkkkk: 1:47pm On Mar 26, 2019
cashcity:
It is no longer news that Nigerian government just passed the bill to increase minimum wage from N18, 000 to N30, 000.

I'm currently employed in one of our country's ministry agency 2yrs ago at level 8 on a salary of about N121, 000 per month.

My fellow nairalanders please help me to understand the modalities in the calculations and how the minimum wage increment is going to affect my current salary..

Ministry Agency
Issorite

57 Likes 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by 11thGoldTREE: 6:35pm On Oct 11, 2019
I have been wondering too. But with all the increment in VAT it's turning out to be a waste of time

2 Likes 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by Kendumazy(m): 6:36pm On Oct 11, 2019
Ok
Re: How Will The New Minimum Wage Affect My Current Salary? by ABCthings: 6:36pm On Oct 11, 2019
I dedicate this frontpage to my one and only love.

Op, as for you question it will have to wait till next time. smiley

1 Like 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by Madibah(m): 6:36pm On Oct 11, 2019
By patronizing olosho grin

4 Likes 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by Nobody: 6:36pm On Oct 11, 2019
Nairalanders, I need a job please.

See my signature for contact

God bless you.

1 Like

Re: How Will The New Minimum Wage Affect My Current Salary? by Enigmaticprof(m): 6:36pm On Oct 11, 2019
I smell lies! undecided

10 Likes 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by Apelex(m): 6:36pm On Oct 11, 2019
H
Re: How Will The New Minimum Wage Affect My Current Salary? by NotNairalandi(m): 6:36pm On Oct 11, 2019
To Find your Salary;

Salary=121,000×8÷2=18,000

Therefore 18,000-30,000÷2/8

salary × minimum wage + Govt =7.6577

Therefore: go and ask your boss your salary Idi ot.

75 Likes 3 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by rottennaija(m): 6:37pm On Oct 11, 2019
cashcity:
It is no longer news that Nigerian government just passed the bill to increase minimum wage from N18, 000 to N30, 000.

I'm currently employed in one of our country's ministry agency 2yrs ago at level 8 on a salary of about N121, 000 per month.

My fellow nairalanders please help me to understand the modalities in the calculations and how the minimum wage increment is going to affect my current salary..
Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

104 Likes 4 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by Hadizometer: 6:37pm On Oct 11, 2019
1

1 Like 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by seunmsg(m): 6:37pm On Oct 11, 2019
cashcity:
It is no longer news that Nigerian government just passed the bill to increase minimum wage from N18, 000 to N30, 000.

I'm currently employed in one of our country's ministry agency 2yrs ago at level 8 on a salary of about N121, 000 per month.

My fellow nairalanders please help me to understand the modalities in the calculations and how the minimum wage increment is going to affect my current salary..

Government is proposing 11% consequential adjustment for workers on grade level 7-14. If labour accepts the offer eventually, your current N121,000 will be increased by 11%. You can do the maths. Cheers!

18 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by betterpikinn: 6:37pm On Oct 11, 2019
Chris Ngige said ''Increment in minimum wage does not mean overall salary increment for all workers undecided
This man is the most wicked and FOOLISH person to ever be a labour minister in Nigeria.
HE IS THE WORST THING THAT HAS EVER HAPPENED TO LABOUR MINISTRY!
How can a so-called learned man say such rubbish?
Is he trying to play smart and/or he's just playing senseless politics?

So, If a junior staff on level 3 receiving 25k before starts collecting 34k, a senior staff on level 8 receiving 86k should just continue to receive the same amount?

Since the last 6 years, inflation has increased by at least 150% in Nigeria in every aspect of the economy but there has NEVER been a salary increment for the last 7 years?
HOW WICKED CAN THESE LEADERS BE?

It is easier for them to increase VAT
It is easier for them to increase the amount to get a passport
It is easier for them to increase custom duties
It is easier for them to increase the price of petroleum products
It is easier for them to be allocating millions of naira to themselves as salaries every month (legislators)
It is easier for them to increase PHCN tariffs etc but simple 30k minimum wage has been giving them headache for the past 10 months cry

In a sane country, we should have requested the labour minister to resign and be forced to do so.
The present NLC president is a VERY USELESS HUMAN BEING. HE MUST HAVE BEEN COMPROMISED.
The useless man should be impeached IMMEDIATELY and be investigated.
I am tired of this shithole of a country.

24 Likes 5 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by betterpikinn: 6:37pm On Oct 11, 2019
cashcity:
It is no longer news that Nigerian government just passed the bill to increase minimum wage from N18, 000 to N30, 000.

I'm currently employed in one of our country's ministry agency 2yrs ago at level 8 on a salary of about N121, 000 per month.

My fellow nairalanders please help me to understand the modalities in the calculations and how the minimum wage increment is going to affect my current salary..
why are you fooling yourself?
DIDNT YOU HEAR YOUR USELESS LABOUR MINISTER SAY "THE INCREMENT IS JUST FOR LEVEL 1-6

4 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by Offpoint: 6:37pm On Oct 11, 2019
When you tell us the truth about your salary we will help you... for now I commented my reservation.

3 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by madprophet: 6:37pm On Oct 11, 2019
rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8?

Exactly my thoughts too

14 Likes 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by eternityk: 6:37pm On Oct 11, 2019
In. No way
Re: How Will The New Minimum Wage Affect My Current Salary? by kabayomi(m): 6:38pm On Oct 11, 2019
Don't expect any increase as the price of goods and services will skyrocket soon enough under this Buharonomics regime

1 Like 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by murphyibiam15(m): 6:38pm On Oct 11, 2019
you will now earn 2 billion dollars

2 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by Gold45(f): 6:38pm On Oct 11, 2019
Is nairaland the best place for this?

5 Likes 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by Kaeboy(m): 6:38pm On Oct 11, 2019
.

1 Like 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by Nobody: 6:38pm On Oct 11, 2019
it will not affect

the new minimum wage only affect those receiving 19000 before.

3 Likes 2 Shares

Re: How Will The New Minimum Wage Affect My Current Salary? by anayolity: 6:39pm On Oct 11, 2019
rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

SALVATION MINISTRY

41 Likes 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by murphyibiam15(m): 6:39pm On Oct 11, 2019
Gold45:
Is nairaland the best place for this?
yes... Nairaland is a place for everything

2 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by Grupo(m): 6:40pm On Oct 11, 2019
You already earn more than 30k so your salary won't be affected.

2 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by bonnyhope: 6:40pm On Oct 11, 2019
rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

120k is not much na

3 Likes

Re: How Will The New Minimum Wage Affect My Current Salary? by seunmsg(m): 6:40pm On Oct 11, 2019
madprophet:


Exactly my thoughts too

It’s very likely a parastatal.

2 Likes 1 Share

Re: How Will The New Minimum Wage Affect My Current Salary? by wonuks(m): 6:41pm On Oct 11, 2019
sad
Re: How Will The New Minimum Wage Affect My Current Salary? by ojun50(m): 6:41pm On Oct 11, 2019
Bro carry calculator, see na how them won take reduce ur salary them dey plan with VAT

1 Like 1 Share

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