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..

seunmsg:


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!

dalongjnr:
OK,what was the percentage increased on the last MW? which is something like
New-old wage 30-18=12
12/30(incremental difference ÷ the proclamation new wage)=0.4×100= 40%(the new percentile increment).
40/100% ×121,000=approx 48,000
The new wage will be something like 121,000+48,400~=170,000.
NB; depending on the parameters utilized for the calculation eg,basic salary(excluded other allowances), or gross/cumulative salary excluding PAYE, Union dues,mortgage bank deduction (housing scheme)......
For now,that's the little I can give you. But there are various formulas for the calculation and variables been considered.
I stand to be corrected but will give the actual formulas later.

anayolity:


SALVATION MINISTRY

wanger50:
You must have been brought up in a broken home,possibly your Dad was absent.Another hypothesis is that you were brought up in a military barracks with your father been a rank and file(non commissioned officer)

Donpenny:
he said he is currently working with an agency under a ministry. It could be true we have agencies in ministries such as interior that pay such. Eg Civil defense,immigration, prison and fire. All these are agencies under interior and they pay up to that for level 8 step 2

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..

lloyds:

Your calculation is wrong sir.
12 is supposed to be divided by 18 * 100 = 66.6% increase and not 40%.

rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

dave4rella:


Oh shut up kid

OyiboOyibo:


FG wants pay you 9.5% of 30k...calculate it but Labour demands 29.5% of 30k

bluefilm:


Going from what you stated, here's the math:

11% increment translates to

1.11 X 121,000 = 134,310

Therefore, new take home pay = 134,310NGN



Thanks.

olasunkanmimart:


It must be consolidated salary structure, like civil defence, frsc, police, immigration, customs, prison service that earn N120k plus as level 8.

rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

Taku555:
Stop denying what you don't know. Most of the Federal agencies pay 120,000 per month for those on level 8, even in my own Agency, Some pay N115000.

bling01:
And i am on level 8 in Michael Okpara University Umudike earning 92k. Who cursed MOUAU?

rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

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..

Slimkkkk:

Ministry Agency
Issorite

NotNairalandi:
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.

lloyds:


Your calculation is wrong sir.

12 is supposed to be divided by 18 * 100 = 66.6% increase and not 40%.

rottennaija:

Which ministry is that in Nigeria that will pay you 120k for level 8? No Ministry, Agency pay that much

11thGoldTREE:
I have been wondering too. But with all the increment in VAT it's turning out to be a waste of time