markidoo:
pls how much will a level 8 step 2 Federal civil servant that was earning 66k go home with, after adding the new increment??

Adamna:
How does one in level 9 calculate this new minimum wage? Guys please reply

Chitumu:
Sorry, mind asking you a question? which agency do u work with?

markidoo:
National council for art and culture.

Doktajay5:


Answer the question or forget it if u don't know the answer.. What do u need the agency for? Is minimum wage paid according to agency?? Mtchwwwwww....

BecaciaBarbie:
Isn't it #12,000 increment?

BecaciaBarbie:
Isn't it #12,000 increment?

Analysiscorner:

Yes. But it is still something. Save it anyhow.

gisthabit:


On this day the 28th day of March 2019, the President and Commander in Chief signed the long-awaited new minimum wage bill into law. This automatically increases the national minimum wage from 18,000 Naira to 30,000 Naira.

Why it is good to celebrate, is it also important for you especially the direct beneficiaries of the new wage not to be carried away by the euphoria of the moment.

The new development calls for a new spending formula especially on the part of the salary earner.

In this article, I want to educate my readers on the implication of the new law, the opportunities within and necessary steps that are required of them.

How best to utilize the new minimum wage and its opportunities

#1. Decide to save the added income

As difficult as it might seem especially in the beginning, deciding to save the added amount of money I can assure you will turn out to be the most rewarding decision that you have ever taken in the nearest future.

Strive as much as possible no to increase your needs because of the increase in your purchasing power. Condition your mind to stick to the previous minimum wage of 18,000 and limit your spending to that.

#2. Learn to say NO

Yes, if you must reap the benefits that come with the increment of pay, then you must learn to say “no” at times. It will interest you to know that all your family and friends are fully aware of the pay increase.

This by implication means that they will also increase their individual demands and requests.

If you don’t learn to say no to some of their demands, then you will realise that you might even run into deficit while trying to solve their problems even without solving your own immediate needs.

#3 Invest in something meaningful

Investing the extra cash into something worthwhile is also not a bad idea. It could be on your education or that of your spouse or children.

You can choose to invest the extra cash on a building project or even channelled towards raising capital for a business of your dream.

For some, this might sound like a mirage but I can assure that little drops of water form a mighty ocean.

To summarize, you must be familiar with the saying that nothing good comes easy. The process of achieving your dream might require a painstaking and a persistent effort coupled with some radiance of good fortunes.

I leave you with this; nothing is impossible, it can only be difficult.

Source:https://gisthabit.com/how-best-to-utilize-the-new-minimum-wage/

markidoo:
pls how much will a level 8 step 2 Federal civil servant that was earning 66k go home with, after adding the new increment??

markidoo:
pls how much will a level 8 step 2 Federal civil servant that was earning 66k go home with, after adding the new increment??

EdenH:

simple mathematics: if 18k gives u 66k, how much will 30k give u? very simple

18k = 66k
30k = x
cross and multiply;

18x = 66 × 30
18x = 1980
divide both side by d coeff of x;
18×/18 = 1980/18
× = 110k
so summaringly, the staff will be going home monthly with 110k
mathematics is bae

Adamna:
How does one in level 9 calculate this new minimum wage? Guys please reply

EdenH:
simple mathematics: if 18k gives u 66k, how much will 30k give u? very simple

18k = 66k 30k = x cross and multiply;
18x = 66 × 30 18x = 1980 divide both side by d coeff of x; 18×/18 = 1980/18 × = 110k so summaringly, the staff will be going home monthly with 110k

mathematics is bae

Daviddson:
Previous minimum wage = ₦18k
New MW = ₦30k
Percentage increase = 12/30 * 100 = 40%

Previous salary = ₦66k
40% of ₦66k = ₦26.4k
New Salary = 66k + 26.4
= ₦92.4k Wrong calculation method. You can't use Proportion method to solve this kind of problem.

naijainstinct:

It is you who need to be schooled in mathematics.

The percentage increase between the previous MW of ₦18k and the new MW of ₦30k is 66.67%

The 40% increase you erronously calculated will amount to ₦25,200 instead of ₦30,000.
Bros, no allow NLC change am for you o

However, 66.67% increase on ₦18,000 will amount to ₦30,000.

Therefore, a 66.67% increase on ₦66k will amount to ₦110,002.20

BUT we cannot assume this is what the person who asked this question will earn based on the new MW. Salaries in the public service (a wider scope which includes the civil service) are based on structures. Hence, we have CONPSS (used by the civil service and consequently the poorest of all) and other salary structures used by other departments and agencies of government (CONTISS, CONRAISS, CONPASS, CONAFSS, CONMESS, CONHESS, CONTENDIS, CONPOSS, CONTOPSAL, etc).
This disparity in salary structures is the major reason why some entry-level graduates earn ₦49,000 monthly in some agencies/Ministries and another will earn ₦140,000, some ₦250,000 and some very lucky ones ₦400,000 monthly. That's a topic for another day anyway!

Having said that, I am guessing that the inquirer should be on Consolidated Public Service Salary Structure - CONPSS for his salary to be that low. Even at that, what is obtainable as monthly NET pay (after all statutory deductions) for Level 08/02 in the CONPSS (for civil servants working in the main Ministries) is about ₦49,000. Therefore, the difference of ₦17,000 which brings his monthly NET to ₦66,000 could just be allowances in form of rent subsidy, transport allowance, etc.

It is imperative to note that the 66.67% increase will be on his basic salary which is ₦49,000. Also, allowances are USUALLY calculated as a percentage of basic salary i.e Transport allowance can be fixed at 10% of basic salary, rent subsidy at 25% of basic salary, etc. This will mean that the inquirer could earn even way above N110k or even lesser depending on which allowance(s) is retained or removed and at what percentage of his basic salary they are pegged.

BRB, my hand dey pain me

Ladiesdream:
Prof me dey earn #99k, salary structure conraiss.. abeg calculate my minimum wage. I'm in 8/2

Bros, I need your address abeg

naijainstinct:

Hmm....CONRAISS 8/2. For those who may not know, CONRAISS 8/2 is not equivalent to CONPSS 8/2 but CONPSS 9/2 in level even though the NET pay is still not equal.

@Ladiesdream, if I am right, you have either been promoted one level or you got your appointment with a second degree (i.e Master degree).
I dey even suspect say na NABDA or NASENI you dey...but no worry

CONRAISS has a couple of allowances already merged into it and if all these remains CONSTANT......you will be earning #165,000+ on the new MW.
Bros, I need your address abeg

naijainstinct:

Hmm....CONRAISS 8/2. For those who may not know, CONRAISS 8/2 is not equivalent to CONPSS 8/2 but CONPSS 9/2 in level even though the NET pay is still not equal.

@Ladiesdream, if I am right, you have either been promoted one level or you got your appointment with a second degree (i.e Master degree).
I dey even suspect say na NABDA or NASENI you dey...but no worry Hahahahhahahahba thanks boss..... That will be a nice pay... Beer for you may them pay am.

CONRAISS has a couple of allowances already merged into it and if all these remains CONSTANT......you will be earning #165,000+ on the new MW.
Bros, I need your address abeg
] Hahahahhahahahba thanks boss..... That will be a nice pay... Beer for you may them pay am.

egbaguy2:
Some of you are just bitter souls..... Govt didn't sign new minimum wage bill,problem........now it is signed u lots are now talking about inflation again. What do u guys really want??