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At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? - Career (4) - Nairaland

Nairaland ForumNairaland GeneralCareerAt What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? (65330 Views)

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Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Thegoodone13(m): 8:16pm On Jul 18, 2024
70,000-30,000=40,000
40,000÷70,000=0.571 ×100= 57%
Just multiply your basic salary by 57% and add it to your take home
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Harddiskng(m): 8:42pm On Jul 18, 2024
uniquelyspecial:
Baba, have you heard of consequential adjustment before?
You want to go to office and force your Oga to make consequential adjustment? Lol

Good luck
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Testimony1988(m): 8:47pm On Jul 18, 2024
It will be increased based on percentages like the last minimum wage, but the modalities is not yet out.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by kenrisma535(m): 9:01pm On Jul 18, 2024
This is the consequential adjustment for new minimum wage for civil servants across the all grade levels.
Grade Level 7 will get 23.2 per cent adjustment; Grade Level 8 (20 per cent), Grade Level 9 (19 per cent), Grade Levels 10-14 (16 per cent) and Grade Levels 15-17 (14 per cent).

Other workers on Grade Level 7 will be given (23.2 per cent), while Grade Levels 8-14 will earn (16 per cent) and Grade Levels 15-17 (10.5 per cent). I hope this helps grin wink

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?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Eagle360(m): 9:03pm On Jul 18, 2024
During last increase from 18k-30k, only grade level 1-6 benefits. Level 7 and above see Shege.
Level 7- 28%
Level 8- 20%
Don't let your excitement overboard. Tinubu should just forgive us our sins and make the economy work.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by PHAYOL81: 9:05pm 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?
1.35%, you said? mathematics ain't your forte, nobody needs no seer to know this now!
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by ogunsbanjul(m): 9:13pm On Jul 18, 2024
No go kill yourself because of the newly agreed minimum wage o. Remember transformer is in your street.
Sorry my brother. I feel your pains
iCauseTrouble:
Some people have started praising Tinubu because of the 70k minimum wage.
I just want to remind you that 70k is just less than $50 grin
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by fatboyslym007: 9:16pm On Jul 18, 2024
Kobojunkie:
The way many of you reason ehn, it is like you are programmed for suffering and the delusion is strong with you lot. Suffering runs right in your very veins. undecided

You work 40-60 hours a week and only end up getting paid abject poverty wages - not even enough to live a week or two on. Rather than demand better pay, you think a better response would be to work more hours to earn more of the same abject poverty wages only to probably end up damaging your bodies and ending up with medical bills you cannot afford to pay? Na juju dem use do una these things? undecided
You see, your narrow mindedness is killing your logical reasoning...

Nigeria will not burn... Lagos, South West, South South, whole of North will not burn...
70k is a great improvement. If e dey pain you go protest for your state governors wey still dey pay 18k...
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Eagle360(m): 9:16pm On Jul 18, 2024
osazsky:
which one is senior staff and management staff..are senior staff not management staff
Senior Staff- Level 7-12 or 7- above
Management Level 13 and Above
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 9:17pm 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
Shut up and stop arguing blindly.

Nobody's full salary is ever public knowledge.

When the minimum wage was 30k, the least civil servant took home 48k. smiley
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 9:17pm On Jul 18, 2024
[quote author=Kobojunkie post=131025970][/quote]Lame! smiley
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by fatboyslym007: 9:19pm On Jul 18, 2024
PHAYOL81:
1.35%, you said? mathematics ain't your forte, nobody needs no seer to know this now!
More like you need to look well. He didn't say 1.35% he said 135%.. I get carrot if you want.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 9:20pm On Jul 18, 2024
fatboyslym007:
■ You see, your narrow mindedness is killing your logical reasoning... Nigeria will not burn... Lagos, South West, South South, whole of North will not burn... 70k is a great improvement. If e dey pain you go protest for your state governors wey still dey pay 18k...
See mad man rambling for Pete's sake! Wetin I suppose do with this gobbledegook abeg! Nonsense! 🤔🤔🤔
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by fatboyslym007: 9:22pm On Jul 18, 2024
Kobojunkie:
See mad man rambling for Pete's sake! Wetin I suppose do with this gobbledegook abeg! Nonsense! 🤔🤔🤔
Go hug transformer...
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 9:26pm On Jul 18, 2024
fatboyslym007:
■ Go hug transformer...
You first! 🤔
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by 77up(m): 9:27pm On Jul 18, 2024
iCauseTrouble:
Some people have started praising Tinubu because of the 70k minimum wage.
I just want to remind you that 70k is just less than $50 grin
No one is stopping you from hauling insult and curses on him as usual oga but we also want to remind you that we are spending naira here not dollar.


..and again, the increase is a good move to start with, you can keep getting angry that people are commending him.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 9:38pm On Jul 18, 2024
kenrisma535:
This is the consequential adjustment for new minimum wage for civil servants across the all grade levels.
Grade Level 7 will get 23.2 per cent adjustment; Grade Level 8 (20 per cent), Grade Level 9 (19 per cent), Grade Levels 10-14 (16 per cent) and Grade Levels 15-17 (14 per cent).

Other workers on Grade Level 7 will be given (23.2 per cent), while Grade Levels 8-14 will earn (16 per cent) and Grade Levels 15-17 (10.5 per cent). I hope this helps grin wink
this is d best explanation...for instance those in lvl 9 will it be 19 percent of ur take home or basic
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 9:40pm On Jul 18, 2024
Those from level 7 upwards tinubu just implemented ur wage award that was stopped before...wage award of 35k will be added across board from 7 to 11
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by olaniyilukman(m): 9:48pm On Jul 18, 2024
iCauseTrouble:
Some people have started praising Tinubu because of the 70k minimum wage.
I just want to remind you that 70k is just less than $50 grin
We have lots of irresponsible and dullard in this country, instead of the government to encourage more productive and subsidize more products inorder to encourage fair competition and allows prices of goods to come down automatically inorder to avoid all blown out inflation, instead they keep adding fuel to the burning fire ..
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by femi4: 9:58pm 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?
It's called minimum, the formula will be different for those already in the cut off
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by theowane: 10:02pm On Jul 18, 2024
Let me try to answer from my little knowledge of the civil service. Now this will be the job of the NSIWC to determine, it will depend on the Conolidated salary structure. The higher your Grade level, the lower the percentage increase. For example, in 2019, when the minimum wage was increased to 30K, from 18K, (which was about 80%) the consequential adjustment for core civil servants ie Consolidated Public Service Salary Structure (CONPSS) was:
GL 07: 23.2%, GL 08: 20%, GL 09: 19%, GL 10: 14, 16%, while GL 15-17 was 14%.

In this case, the minimum wage was increased by about 140%. I believe the adjustment from GL 7 will begin from like 30/35% down to like 20% for GL 17.

Just my opinion, but it shouldn't be far from it. The NSIWC must have complied the Breakdown and sent to the Minister of Finance, who will in turn brief Mr President then Mr President will look at it and take a final decision. I think that's what really happened.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by PHAYOL81: 10:13pm On Jul 18, 2024
fatboyslym007:
More like you need to look well. He didn't say 1.35% he said 135%.. I get carrot if you want.
My bad, then. Thought I saw a decimal point there!
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 10:14pm On Jul 18, 2024
Dotherightthing:
Shut up and stop arguing blindly.

Nobody's full salary is ever public knowledge.

When the minimum wage was 30k, the least civil servant took home 48k. smiley
Argue with the federal government
Anyone one above 36k is not level 1 step 1

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 10:15pm On Jul 18, 2024
osazsky:
wrong....no civil servant was collecting 30k..it was a little above 50k do ur research
They were not level 1 step 1
30k plus is the total package for minimum wage

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 10:17pm On Jul 18, 2024
Yankee101:
Argue with the federal government
Anyone one above 36k is not level 1 step 1
do we still have lvl 1 step 1...even if u don't have pry 6 u won't start from there
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 10:19pm On Jul 18, 2024
osazsky:
do we still have lvl 1 step 1...even if u don't have pry 6 u won't start from there
You’re now changing your arguement?

When minimum wage is decided it is for level 1 step 1

I’m giving you federal salary scales and you’re still arguing
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 10:20pm On Jul 18, 2024
Yankee101:
You’re now changing your arguement?

When minimum wage is decided it is for level 1 step 1

I’m giving you federal salary scales and you’re still arguing
but the least entry lvl no longer starts from lvl 1 step 1..even if u didn't attend kindergarten...it's long abolished
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 10:22pm On Jul 18, 2024
Yankee101:
You’re now changing your arguement?

When minimum wage is decided it is for level 1 step 1

I’m giving you federal salary scales and you’re still arguing
level1 step 1 does not exist
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 10:22pm On Jul 18, 2024
Yankee101:
Argue with the federal government
Anyone one above 36k is not level 1 step 1
That's the annual basic!!!

I listened to Festus Osifo some months ago when he said the least earning worker was earning 77k (42k + 35k wage award)
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