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At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? - Career (3) - Nairaland

Nairaland ForumNairaland GeneralCareerAt What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? (65340 Views)

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Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Victerica(m): 7:24pm On Jul 18, 2024
Youngpo413:
and things will be so expensive.
True. We don't understand anything.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Victerica(m):
Sman37:
Naira is not dollar at least respect our sovereignty
...
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by frlday2: 7:30pm On Jul 18, 2024
There is a formula for it.
This is how it is been calculated x=(AxB)/C.
a= the present salary
b=present minimum wage
c= previous minimum wage
X= new salary..
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by ojodombe(m): 7:38pm On Jul 18, 2024
Raymondfayowole:
I hope they won't use tax to collect everything grin grin....Let's watch and see
Certainly it will be collected indirectly.
Watch fuel prize visa viz Tfare.

Hope we have got what we want?
Nigeria my country
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by MeaslesMumpsRub: 7:41pm On Jul 18, 2024
easzypeaszy:
Mugun plenty here
If ur Salary was 100k when minimum wage was 30k
Now it will be 140k dat minimum wage be 70k

I don't kw wht dose guys up der are calculating
Na you be the muguest mugu
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 7:42pm On Jul 18, 2024
Ten06:
According to what someone told me, security and cleaners will earn 100% of the 70k, junior staff will earn 80% of the 70k. Senior staff will take 45% of of the 70k while management staff will take home 15% of the 70k
which one is senior staff and management staff..are senior staff not management staff
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 7:42pm On Jul 18, 2024
frlday2:
There is a formula for it.
This is how it is been calculated x=(AxB)/C.
a= the present salary
b=present minimum wage
c= previous minimum wage
X= new salary..
rubbish
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Slimmysiroma: 7:43pm On Jul 18, 2024
Kobojunkie:
Nigerians are being paid $45.01 slave wages per month by their government. undecided
What's your problem shey nah USD we dey spend ni undecided
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by emperor4love(m): 7:43pm On Jul 18, 2024
Still gonna use tax to slash de hell out if it
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 7:44pm On Jul 18, 2024
Slimmysiroma:
■ What's your problem shey nah USD we dey spend ni undecided
Your present recently adjusted the pay of your senators and reps, even judges against the dollar.... go ask him that question before you come back to spew bullsheet requests at me again! 🤨🤨🤨🤨
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 7:46pm On Jul 18, 2024
Ten06:
According to what someone told me, security and cleaners will earn 100% of the 70k, junior staff will earn 80% of the 70k. Senior staff will take 45% of of the 70k while management staff will take home 15% of the 70k
and who told u security in fg establishment are junior staff..funny man
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 7:47pm On Jul 18, 2024
Ten06:
According to what someone told me, security and cleaners will earn 100% of the 70k, junior staff will earn 80% of the 70k. Senior staff will take 45% of of the 70k while management staff will take home 15% of the 70k
SHout 419!! 🤨🤨🤨🤨
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 7:49pm On Jul 18, 2024
psucc:
That amount is the "basic salary". Other allowances will be calculated based on that and added.
Those on SGL 01Step 1, may earned something close to N100,000
I don’t think this is true

It’s all inclusive that’s 70k
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by bluefilm: 7:49pm On Jul 18, 2024
Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?
The way you sound, it seems as though you already know the answer even before asking the question, but you just feel like you just have to say something ...

Am I lying?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 7:49pm On Jul 18, 2024
Not everyone will get the same percentage increase
The higher you go the lower you increase rate
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Reloadedisraelp: 7:50pm On Jul 18, 2024
So what happens to the private sector?... Hmm
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Reloadedisraelp: 7:50pm On Jul 18, 2024
Looks like so kind of bullshit war is coming ...
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 7:52pm On Jul 18, 2024
Reloadedisraelp:
So what happens to the private sector?... Hmm
only private companies with 25staff and above fall into the labour law regulation..POS attendants and sales girls in shop do not fall into d labour law
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 7:53pm On Jul 18, 2024
Kobojunkie:
Nigerians are being paid $45.01 slave wages per month by their government. undecided
Shut up!!!

It is not exactly the same thing angry
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 7:54pm On Jul 18, 2024
Reloadedisraelp:
So what happens to the private sector?... Hmm
if ur employer has more than 25 workers and he is still paying u 25k tell him u want to report him to the authorities him go begin pay u 70k
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Reloadedisraelp: 7:54pm On Jul 18, 2024
osazsky:
only private companies with 25staff and above fall into the labour law regulation..POS attendants and sales girls in shop do not fall into d labour law
can such campany really pay dat amounts?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 7:54pm On Jul 18, 2024
Dotherightthing:
■ Shut up!!! It is not exactly the same thing angry
Get the fk away abeg! undecided
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 7:56pm On Jul 18, 2024
Kobojunkie:
Get the fk away abeg! undecided
Rather, you should just stay off Nigeria's affairs and enjoy your second class status abroad cheesy
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 7:58pm On Jul 18, 2024
Yankee101:
I don’t think this is true

It’s all inclusive that’s 70k
70k is the basic salary!

Allowances will eventually come in to take it around 100k. But it's supposed to be confidential.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 8:00pm On Jul 18, 2024
Dotherightthing:
■ Rather, you should just stay off Nigeria's affairs and enjoy your second class status abroad cheesy

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 8:00pm On Jul 18, 2024
Reloadedisraelp:
can such campany really pay dat amounts?
banks...bewries...shoprite..private universities etc all have more than 25 staff ..yes they are obliged to pay...one man businesses are excluded
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 8:00pm On Jul 18, 2024
Dotherightthing:
70k is the basic salary!

Allowances will eventually come in to take it around 100k. But it's supposed to be confidential.
Previous minimum wage increases have been wholesale

Minimum wage today is 30k and change all inclusive


This isn’t different
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 8:02pm On Jul 18, 2024
Dotherightthing:
70k is the basic salary!

Allowances will eventually come in to take it around 100k. But it's supposed to be confidential.
u are on point...when it was 30k nobody was actually receiving 30k
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 8:03pm On Jul 18, 2024
Yankee101:
Previous minimum wage increases have been wholesale

Minimum wage today is 30k and change all inclusive


This isn’t different
wrong....no civil servant was collecting 30k..it was a little above 50k do ur research
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by ejimatic: 8:12pm On Jul 18, 2024
Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?
Level 1. Gardener Driver cleaners with Only School certificates 70000k
In. some places they will be placed on L2

While Level 1 has 70000k others will have percentage from 70000k added to their salaries.
For example level 1 70k ,level 2 to 7 20 percentage of 70k will be added to their salaries, level 7 to 9 15 percent of the minimum wage will be added. and level 10 to 16 10 percent of the minimum wage will be added .
That is how it works.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by vince96w2(m): 8:12pm On Jul 18, 2024
Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?
there is what is called consequential adjustment..level 1 may have 70k, 2-6 may have 30%, 7-14 may have 20% then 15-17 may have 10%..All these are of basic .from basic, allowances will now be calculated and deductions like taxes, NHF, pensions etc.. so that 10%adjustment may end up being more than the 135% increase for junior staff.
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