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

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

Nairaland Forum › Nairaland General › Career › How Will The New Minimum Wage Affect My Current Salary? (36982 Views)

How Will The New Minimum Wage Affect My Current Salary? by cashcity(op): 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

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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

58 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

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

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.

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

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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

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

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 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!

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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
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

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 huh

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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.

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Re: How Will The New Minimum Wage Affect My Current Salary? by madprophet(m): 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

15 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*

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

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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?

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Re: How Will The New Minimum Wage Affect My Current Salary? by Nobody: 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.

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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

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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

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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.

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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

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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

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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