KhalilAK's Posts
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smartkester:The agencies and companies under ministry of power are: NERC NBET TCN NEMSA NELMCO NAPTIN REA NERC, NBET, TCN are better than HYPPADEC |
Inda2020:NDIC NCC NERC NITDA NPA FIRS CBN SEC CAC FAAN |
Musty112:Your difficulty in finding it is because it doesn't exist within the Nigerian public service structure. The relevant scale for judicial officers' is Consolidated Judicial Salary Structure (CONJESS), which is determined and issued by RMAFC. |
Salary increase at NNPCL sparks criticism as company pushes to retain talents. By : Kingsley Jeremiah, Abuja Date: 6 Sep 2025 Share : The Nigerian National Petroleum Company Limited (NNPCL) has come under criticism following revelations of sharp salary increases and allowances for over 6,280 staff. However, the company insists that its pay structure remains modest compared with global industry benchmarks, stressing that recent adjustments only reflect prevailing economic realities in the country. NNPC pays its staff from a 30 per cent management fee legalised by the Petroleum Industry Act (PIA). As of August 2025, the fund totalled N25.3 billion, according to its August presentation made to the Federation Account Allocation Committee (FAAC). Investigations by The Guardian revealed that some of the salary increments were as high as 50 per cent with allowances witnessing sharp increase. While insiders allege that the salary adjustments were backdated, a senior staff member, who spoke on condition of anonymity, claimed that the Group Chief Executive Officer, Bayo Ojulari, increased the salaries to retain and attract top talents. As of April 2025, NNPCL disclosed that it had 6,280 staff, with men accounting for 80.8 per cent (5,077) and women 19.2 per cent (1,203) of the workforce. With news of salary adjustments, The Guardian gathered that some recently employed staff in some well paying Federal Government agencies had ported to the NNPCL. In its defence, the company maintained that the pay adjustments were essential to safeguard its competitiveness. “As a responsible employer, NNPC Limited strives to maintain a competitive salary structure that reflects prevailing realities in the energy industry,” a company source told The Guardian. “Even with recent adjustments, our compensation remains at the mid-range compared to global oil and gas standards, and we continue to face challenges in attracting and retaining top talent.” The source further explained that inflationary pressures and multiple currency devaluations over the past two years had compelled management to review pay upwards, warning that without such steps the company risked high staff attrition and operational instability. |
Things To Know About Nigeria’s New Tax Laws President Bola Tinubu on Thursday signed four new tax laws aimed at modernising and streamlining the country’s tax system. In the new tax law, the Value Added Tax rate remains at 7.5 per cent despite initial proposals to increase to 12.5 per cent, but its scope is expanded. Essential items—such as food, education, healthcare, public transport, residential rent, and exports—are zero-rated to ease inflationary pressure. For revenue allocation is restructured: now 30 per cent of VAT proceeds are distributed based on consumption (rather than contribution), 50 per cent equally among states, and 20 per cent to population-based allocation. With the latest development, it is expected that state revenue streams will increase, and it will also discourage tax evasion. Overview of the four new laws Nigeria Tax Act: Consolidates various tax rules into a single, simplified code, eliminating over 50 small, overlapping taxes. This reduces complexity and duplication, making it easier for businesses to comply. Tax Administration Act: Establishes uniform rules for tax collection across federal, state, and local governments, ensuring consistency and reducing administrative conflicts. Nigeria Revenue Service Act: Replaces the Federal Inland Revenue Service with the independent Nigeria Revenue Service, aiming for greater efficiency and autonomy in tax administration. Joint Revenue Board Act: Enhances coordination between different government levels and introduces a Tax Ombudsman and Tax Appeal Tribunal to handle disputes fairly. Key objectives of the new tax rules Simplify Tax System: Reduces bureaucratic hurdles and overlapping taxes to make compliance easier, especially for small businesses and informal traders. Increase Revenue Efficiency: Aims to boost Nigeria’s tax-to-GDP ratio from 10% (below the African average of 16–18%) to 18 per cent by 2026 without raising taxes on essential goods. Reduce Financial Burden: Provides relief for low-income households and small businesses while ensuring high-income earners and luxury consumers contribute more. Fund Public Services: Increased revenue will support infrastructure, healthcare, and education, reducing reliance on borrowing. Who benefits and how Low-Income Households: Individuals earning up to ₦1 million ($650) annually receive a ₦200,000 rent relief, reducing taxable income to ₦800,000, exempting them from income tax. VAT exemptions on essential goods and services (food, healthcare, education, rent, power, baby products) lower living costs. Small businesses: Businesses with an annual turnover below ₦50 million ($32,400) are exempt from company income tax. Simplified tax filing without requiring audited accounts reduces compliance costs. Large businesses: Corporate tax rates drop from 30 per cent to 27.5 per cent in 2025 and 25 per cent thereafter. Tax credits for VAT paid on expenses and assets allow businesses to recover the 7.5 per cent VAT. Charitable, educational, and religious organisations: Tax incentives for non-commercial earnings, encouraging community-focused activities. Impact on different groups Low-Income Earners: Benefit most from income tax exemptions and lower costs for essentials, increasing disposable income. Small Businesses and informal traders: Simplified rules and tax exemptions encourage compliance and reduce financial strain, potentially formalising more businesses. High-income earners and luxury consumers face higher VAT on luxury goods and premium services, plus capital gains tax on large share sales. Government: Expects increased revenue for public services without overburdening vulnerable citizens. Why reforms were needed Nigeria’s tax system was outdated, inefficient, and disproportionately harsh on low-income groups. The low tax-to-GDP ratio (10%) limited funding for critical services like healthcare and infrastructure. Overlapping taxes and complex rules deterred compliance, especially among small businesses and informal traders. Public and expert reactions Positive sentiment: Small business owners welcome tax exemptions but seek clarity on enforcement to avoid unexpected levies. Low-income earners appreciate relief on essentials but remain cautious about implementation. Taiwo Oyedele, head of the Presidential Fiscal Policy and Tax Reform Committee, claims 90% public support, emphasising that success depends on awareness and trust. The reforms align with Tinubu’s administration’s goal to reduce economic inequality and boost fiscal capacity without overburdening citizens. By encouraging voluntary compliance and reducing reliance on loans, Nigeria aims to strengthen its economy and fund development projects. These reforms mark a significant step toward a fairer, more efficient tax system, with a focus on supporting vulnerable groups while fostering economic growth. However, their success hinges on transparent enforcement and public trust. Punch Newspaper 27th June 2025 |
Hussen240:National Primary Health Care Development Agency, offer started flying.
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NICO letter has been issued! Someone got this. NB: NICO not NECO
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Hussen240:Undoubtedly, Hon. Abdulmumini Kofa has done something commendable, and we pray that Allah rewards him abundantly in all his endeavors. |
Orlando22:Federal University Dutsin-Ma Katsina State |
Avvaavava1:NPA Salary no be 305k again? Has it been increased?? |
maik99:No idea abt the current package, but it was 280k 4yrs ago, Entry level. |
Sultan8:
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maik99:No Company NPDC, It is now NEPL. They do engage contract staff. |
Wemoveee:
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Expertee23:Requirements For GT
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Maiturare1:7/2 |
Edem23:CONRAISS Salary Structure |
ZARAMITE:Come across similar story on Facebook in 2017 👇 HOW RECRUITMENT CORRUPTION AT PENCOM TOOK A MAN'S LIFE When the National Pension Commission (PENCOM) offered Mustapha Ajiya a letter of employment in March 2017, his joy knew no bounds. With two months left to assume duty, he resigned from his former job and started making preparations towards starting a new career. Then, Ajiya got a telephone call from the organisation that assumption of the new employees had been postponed indefinitely on the orders of Aisha Dahir-Umar, acting director-general of the organisation. The news didn’t go down well with the Zamfara indigene. He and his colleagues had written a recruitment test, done interviews and passed through screening processes from December 2016 to January 2017. They were finally employed. According to his colleagues, when the waiting for assumption seemed endless, Mustapha became emotionally disturbed. Having made several efforts to prevail on the management of PENCOM to address their plight, Mustapha slipped into depression, which took a toll on his health. He died leaving a wife and two children behind. Mustapha Sadiq, one of the affected recruits, narrated the experience. “In line with our letter of employment, we were to resume duties on May 2 and 5 June 2017, respectively. However, to our surprise, prior to the date of resumption, we were informed via telephone calls that our resumption had been postponed indefinitely,” he said. “Note that upon collection of our various letters of employment in March 2017 and the resumption dates stipulated therein, we resigned from our previous places of employment. As such we have been totally unemployed for over one year now. We have been unable to live up to our parental and financial obligations and as a result, we have been subjected to unreasonable psychological trauma.” Those affected wrote a petition to Acting President Yemi Osibanjo, appealling to him to address the issue which is “fast taking its toll on us”. In response to another letter written by the affected individuals, the office of the secretary to the government of the federation said the commission’s decision was based on the need to allow a review of the earlier recruitment exercise(s) and to ensure compliance with extant laws and due process. A staff of PENCOM, however, said the acting DG deliberately misled the SGF as the employment was approved by board of the organisation following a due process in line with section 25 (2) (a) of the Pension Reform Act (2014). He said, “The truth is that the acting DG is trying to use the same approval earlier given by the former exco and the federal character commission to bring in a different people. “If they claim that the last batch of appointment was defective, it then means that the two previous batches of appointment were defective because they went through exactly the same due process.” He added that instead of Dahir-Umar to look into the matter of the new recruit, she increased the severance/terminal benefits of herself and other the senior management staff by a 300 percent. Peter Aghahowa, spokesman of PENCOM, did not respond to calls and text messages as at the time of filing this report. May God save Nigeria and Nigerians. Amen. Credit to: Hauwa Goje. |
Gensanusi:So this is just increment not minimum wage yet? It's quite commendable, if truly implemented. I hope the minimum wage increment will still take effect. |
enumerica:One side story! |
Daolowu:They can still scam you with fake APL, Payment after documentation is the best. |
Nadingo:He gave 3 more |
kkkp:NIRSAL reversed sack of the 400 workers! |
ogasman:Old monthly gross 145k New monthly gross 182k |
kkkp:Issuing APL but they haven't start IPPIS capturing yet |
ZARAMITE:@Tasaini please what can you say about this? |
Hussen240:Correct info. EHORECON too. I sent you mail pls respond |
DearAminu:TCN Tetfund PTDF NDIC NCC NITDA SON I wish you success |
Ucheclaw:No A list.. But NASRDA, NABDA, NNMDA, NASENI and ECN are good |
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, The PUNCH has learned. A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday. “Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” an official said. The latest development comes on the backdrop of the decision of the new management to relocate some of CBN’s departments to the country’s economic hub for staff safety, increased productivity, and to decongest its head office. According to reports, the departments penciled down for relocation by the CBN governor Yemi Cardoso include Banking Supervision, Other Financial Institutions Supervision, Consumer Protection Department, Payment System Management Department, and Financial Policy Regulations Department. Our correspondent gathered that the CBN governor was committed to implementing the plan, as it is expected to reduce the HQ occupancy level to 2,733 personnel from 4,233. Another source told the PUNCH that some of the affected staffers had started relocating to Lagos. “Some have already gone ahead. Over 80 per cent of the Banking Supervision Department staff have been redeployed and the same for the Payment System Department,” the source hinted. The PUNCH Newspaper |
Nadingo:Yes behind state treasury ![]() |
lokome:You mean Nigerian Copyright Commission? |