Hamachi:
1. Do due diligence before joining any organization

2. Ensure to receive, review, and sign the offer letter before resumption.

3. Know the salary breakdown. gross and net.

4. Do not forget 1-3

Merry Xmas in advance

ecolime:
Take the customer service role. In a year, your salary will be 55k. The role will juice up your skillset for better opportunities.

The Federal Government on Thursday said a new minimum wage regime would come into effect on April 1, 2024.

The Minister of Information and National Orientation, Idris Mohammed, who disclosed this in an interview with The PUNCH in Abuja, said the current N30,000 minimum wage would expire at the end of March 2024.

Mohammed said this on Thursday as an analysis of the 2024 –2026 Fiscal Framework budgets by our correspondents indicated that the Federal Government would spend N24.66tn on salaries in 2024, 2025, and 2026.

Following the removal of the fuel subsidy by President Bola Tinubu on May 29, 2023, the Federal Government agreed to pay N35,000 to each of its workers to cushion the effect of the subsidy removal.


But the organised Labour insisted that the N35,000 wage award was a temporary measure, adding that the minimum wage should be reviewed in 2024.

The Federal Government’s team and the Joint National Public Service Negotiating Council on October 18, 2019, agreed on the implementation of the N30,00 minimum wage after months of negotiations.

However, Labour unions on Thursday confirmed that they had started a negotiation process with the Federal Government, adding that based on the country’s labour law, the minimum wage should be reviewed every five years.

The Nigeria Labour Congress National President, Joe Ajaero, recently said, “It is open knowledge that the review of the national minimum wage is a matter of the law which is expected to happen in 2024.”

On his part, the Minister of Information and National Orientation, Mohammed, told The PUNCH that the improved take-home pay was meant to replace the temporary palliative measure put in place by the government to ameliorate the hardship caused by the fuel subsidy removal.

New wage regime

He said, “Certainly, there is a new wage regime that will come in on April 1, 2024. That is why these palliatives were targeted so they would cushion economic hardship before then. In our negotiation with Labour, we said that the wage issue was not something one could just fix. A committee that will also involve Labour itself will work on it.

“The committee is being constituted and we are talking to Labour about it. And by the time this current wage regime expires by the end of March, we will expect that a new wage will begin by April. It is in this wage regime that we will now have a proper salary structure for workers across the length and breadth of Nigeria. We expect that the private sector and state governors will also do the same.”

A top official of the NLC, in an interview with The PUNCH, said the organised Labour had initiated talks with the government

He said, “By April 1, 2024, the current minimum wage will expire. We have all agreed to set up a national wage negotiation committee, and that the committee should comprise all parties.’’

Also, the Head of Information of the NLC, Benson Upah, in an interview with The PUNCH said, “The new minimum wage is to come into effect next year.”

N24.66tn for salaries

As the organised Labour demands a new minimum wage, an analysis of the 2024 –2026 Fiscal Framework shows that the Federal Government intends to spend 29.18 per cent of its total budgets for 2024, 2025, and 2026 on salaries, overheads, and pensions.

The total amount budgeted for these three items amounts to N24.66tn; 29.18 per cent of the N84.50tn budgeted for the three years.

With anticipated salary increases from 2024 amid worsening economic conditions, personnel costs, and the two others are expected to jump by 8.51 per cent from the amount (N7.36tn) budget in 2023 to N7.99tn in 2024.

It is then expected to rise by 2.41 per cent to N8.18tn in 2025, and then by 3.77 per cent to N8.49tn in 2026. The amount pales when compared to the N23.37tn (27.65 per cent of its total budget) the government intends to spend on capital expenditure in the period under review.

This signifies the continuation of a culture of high overheads at the expense of high fiscal deficits. As of the end of September 2023, the Federal Government had devoted 29.76 per cent (N3.78tn) of its total spending (N12.7tn) on salaries.

The amount spent on salaries is 157.14 per cent more than the N1.47tn that has been spent on capital allocations for the year.

The government said, “The actual spending was N12.7tn. Of this amount, N5.79tn was for debt service, and N3.78tn for personnel costs, including pensions.

“Only about N1.47tn (25 per cent of the pro-rata budget) has been released for MDAs’ capital expenditure as of September 2023.”

The Federal Government has about N1.5 million workers and it will review minimum wage by 2024. There are concerns that the government is operating a bloated civil service with many agencies with overlapping functions. This has led to calls for agency mergers and scrapping, where they might apply.

With salaries weighing heavily on its spending, the government, in its 2024 – 2026 fiscal framework, said, “The budget deficit is projected to be N9.18tn in 2024, i.e., N4.6tn down from N11.60tn budgeted in 2023.

“The proposed deficit represents about 50 per cent of total Federal Government’s revenues and 3.88 per cent of the estimated GDP (gross Domestic Product ). The high projected level of fiscal deficit in 2024 is partly attributable to the proposed salary review of Federal workers across board, increased pension obligations, and higher debt service cost.

“At 3.88 per cent, the projected level of deficit is higher than the three per cent threshold stipulated in the Fiscal Responsibility Act (FRA), 2007, but significantly lower than the 2023 level of 6.11 per cent; FRA 2007, however, allows the government to exceed the 3 per cent threshold if justified by threats to national security.”

The fiscal deficit for the three years under review is expected to total N30.89tn. In June 2023, the World Bank disclosed that the Federal Government’s spending on personnel costs and debt servicing exceeded total revenues in 2022.

According to the Washington-based bank, this was the first time the Federal Government’s personnel costs and debt servicing surpassed its total revenue. It noted that the government is spending a lot on these costs, leaving little room for capital expenditure.

It declared, “Overall, the rigidity of expenditure has increased, squeezing fiscal space for the discretionary spending needed to meet development objectives.

Personnel costs and interest payments comprise a growing share of total general government expenditures (59 per cent in 2022) and for the first time in 2022 exceeded total government revenues (102 percent).”

Rising personnel cost is leaving little room for investments in infrastructure and in his budget presentation speech, President Bola Tinubu disclosed that the government would leverage the private sector to plug its capital expenditure spending holes.

He said, “In view of the limited resources available through the federal budget, we are also exploring Public Private Partnership arrangements to finance critical infrastructure.

“We, therefore, invite the private sector to partner with us to ensure that our fiscal, trade, and monetary policies, as well as our developmental programmes and projects, succeed in unlocking the latent potential of our people and other natural endowments, in line with our national aspirations.”

Recently, the Minister of Budget and National Economic Planning, Abubakar Bagudu, declared that the government was only managing to pay salaries considering its dwindling revenue sources.


Enoh unveils six-point sports development agenda
The minister represented by the Director (International Cooperation), Dr Sampson Ebimaro at an event said, “Government faces enormous challenge especially now, the government is facing revenue deficit. There’s no money anywhere in the country, the government is just managing to pay salaries.

“The growth rate is very slow, and the population growth is fast pacing and increasing. unemployment is surging amid high inflation. These are issues which non-governmental organisations must take on board in helping the government to cover the space government could not cover.”

Over-bloated salaries

Meanwhile, the House of Representatives, on Thursday, condemned what it described as an over-bloated personnel cost in the 2024 budget.

The House therefore urged the Independent Corrupt Practices and Other Related Offences Commission to summon ministries, departments, and agencies over the alleged over-bloated cost.

A member of the House, Sada Soli, drew the attention of his colleagues to what he described as the ‘over-bloated personnel cost’ of ministries, departments, and agencies in the budget cycles.

At the debate on the general principles of the 2024 budget on the floor of the House on Thursday, Soli, a member of the House of Representatives from Katsina State, described the budget as ‘unique’ in a number of ways.

Most importantly, he called on the House to take a close look at the excessive personnel cost of MDAs, saying, “Let the committees’ chairmen look at the issue of personnel cost because they are over-bloated.

“I know that the Independent Corrupt Practices and Other Related Offences Commission used to summon agencies to come for audits on their personnel cost because it is over-bloated. This is very important and we need to look at it.”

He also spoke about the states and the Federal Government collaboration saying, “For the first time, I am hearing in the budget speech that the President is mentioning collaboration with subnationals.”

He added that such collaboration would encourage states to make adjustments to their budget peculiarities.

He further stressed that the National Assembly should pay attention to the procurement process, describing it as “too cumbersome” even as he urged the Federal Government to “clean up” the Integrated Personnel and Payroll Information System.

The House commenced the debate on the N27.5tn 2024 budget on Thursday, preparatory to passage for second reading.

Leading the debate on the general principles of the budget, House Leader, Julius Ihonvbere, commended the President for putting together what he called a holistic budget that was meant to cater for Nigerians of all walks of life.

He said, “In considering the budget of any nation or organisation, you must first consider a few principles. The first is what you have or what are you going to earn. The second is what are you going to spend?

“The third is how your budget did in the previous years. The fourth is what is the difference in this particular budget that you are presenting? And finally, there is the global, domestic, and sub-national context in which your budget is supposed to function.

“The budget drew our attention to the Renewed Hope Agenda so that we have a holistic understanding of where the President was coming from and where he intended to take Nigeria. The budget focused on fiscal challenges in the economy, and the need to tackle insecurity and expand the economic space.

“Special attention was given to education, which particularly made me very happy. The budget tends to look at strategic areas into which the budget will deploy resources.”

Speaking on the security mileage of the 2024 proposed budget, the House Leader said, “I cannot go to my constituency because of the dreaded Auchi-Benin expressway. There is no other way to get there (his village) because of security issues.

“And I am sure, we have moved motion upon motion on insecurity. And I believe that when security is properly tackled in this country, among other things, there will be an increase in the production of goods and services.

“Many businesses today close by 6pm because they are afraid that they will be raided. Many farmers do not go to their farms because of bandits, kidnappers, and assassins.

“Transporters have reduced their fleets to safe areas, similarly, because of insecurity. Even parents have withdrawn their kids from certain schools and are paying double the fees in certain areas that they consider to be safe. The focus of this budget on security as a prime area is a very positive move, for which we must give support.”

Adekaka12345:
Our client a full boarding school located on the Lagos Ibadan Expressway axis is recruiting for the following positions.

1. Male SEN Teacher (ADHD/Autism etc)

2. ICT Teacher

salary: 120,000 naira - 170,000 naira (gross)

CVs should be sent to 123sherry.educonsults@gmail.com

The nationwide strike initiated by the Nigeria Labour Congress commenced on Tuesday, revealing partial compliance within various sectors of the economy.

The NLC, in collaboration with its affiliate, the Trade Union Congress, declared an indefinite strike starting from November 14, 2023.

The decision to launch the strike was driven by alleged infractions and encroachments on workers’ rights, including the assault on NLC President Comrade Joe Ajaero and the government’s persistent refusal to implement agreed-upon measures.

Additional grievances encompassed the non-payment of backlog salaries, pensions, discriminatory salary practices, and non-compliance with the national minimum wage.

Despite an ex-parte application filed by the Federal Government and the Attorney General of the Federation and Minister of Justice seeking to restrain the unions from proceeding with the planned strike, approximately 19 unions defied the court order.

This defiance raises questions about potential implications across various sectors and the government’s response to the workers’ demands..

The extensive array of participating unions, spanning education, healthcare, telecommunications, local government, judiciary, banking, maritime, electricity, parliamentary staff, and railway workers, underscores the far-reaching impact and solidarity characterizing the ongoing nationwide strike.

In September, the Organised Private Sector of Nigeria issued a warning to the NLC and TUC, underscoring the substantial threat that strike actions pose to the country’s economy.

Expressing concerns about potential adverse effects on economic stability, the private sector urged a reconsideration of such actions to safeguard the nation’s economic interests.

Port activities grind to a halt

Licensed customs agents and other port users at the Apapa, Tincan Island, and other ports in Lagos were denied access due to compliance from the Maritime Workers Union of Nigeria.

Observations on Tuesday revealed a complete shutdown of all commercial activities at the ports.

The Union had announced its intention to participate in the nationwide strike, citing various grievances and infractions against workers’ rights.

In a statement on Monday, the Head of Media of MWUN, John Ikemefuna, conveyed that the strike directive came from the National Executive Council meeting of the NLC.

The decision was a response to perceived government infractions, including the abduction and assault on NLC President Comrade Joe Ajaero, non-payment of salaries and pensions, and the government’s failure to implement agreements.

Affirming their commitment to the nationwide strike as an affiliate of the NLC, Ikemefuna expressed readiness to join the broader labor action.

Reacting to the development, Sikiru Remilekun, the Youth Leader of the Association of Nigerian Licensed Customs Agents, Tincan Island Chapter, issued a notice instructing members to stay at home until further information is provided.

In a public notice, Remilekun stated, “All terminals are shut down pending the discussion and outcome of the meeting with the federal government. Please, all clearing agents should stay home and listen to news and genuine information if it will still be held or continue tomorrow.”

The Ports and Terminal Multipurpose Limited Chapter Chairman of the National Association of Government Approved, Thomas Alor also confirmed the situation, stating, “There is no activity here, no operations everywhere; they are not working. I have even left the place now heading home.”

Aviation

The aviation industry opted out of the ongoing nationwide strike, citing a lack of preparations as the decisive factor.

Operations at the Murtala Muhammed International Airport, Lagos and Nnamdi Azikiwe International Airport, Abuja continued without disruption, with no reported flight cancellations

The General Secretary of the Air Transport Services Senior Association of Nigeria, Francis Akinjole, in an interview with The PUNCH clarified the sector’s stance, stating, “We will join, but we have not actually sat down to decide on that.


“We have a way of doing our own things. We don’t just embark on a strike without adequate preparation.”

Akinjole highlighted a logistical challenge facing the aviation unions, pointing out that one of their member unions is holding a delegate conference in Benin City starting from Wednesday.

He emphasized the need for a coordinated approach, stating, “We cannot be in Benin and enforce a strike in Lagos. So, we have to meet and decide on how to go about it.”

Acknowledging their alignment with the issues at hand, Akinjole recalled a similar scenario five years ago during the NUATE (National Union of Air Transport Employees) National Delegate Conference in Asaba.

He noted that despite a national strike, aviation unions were engaged in activities in Asaba, highlighting the sector’s commitment to strategic and well-organized decision-making.

Akinjole concluded by assuring that all aviation unions would convene to address the current situation, emphasizing the sector’s seriousness in dealing with pertinent issues.

NUATE, one of the key unions, has already taken its place at the ongoing delegate conference, raising questions about the aviation industry’s unique approach during times of nationwide labor actions

Power sector records partial compliance

Power sector workers participated in the nationwide strike. While the power grid remained operational, reports indicated that only essential electricity workers were permitted to work at power stations.

The acting General Secretary of the National Union of Electricity Employees, Dominic Igwebuike, confirmed that power sector workers withdrew their services at various power stations, except for essential services. However, essential workers would join the strike if it persists.

Igwebuike’s statement was supported by the Ibadan Electricity Distribution Company, which announced the temporary closure of its offices due to the strike, noting that essential services would remain uninterrupted.

Addressing claims of a blackout and grid shutdown, the Transmission Company of Nigeria emphasized that reports suggesting a national blackout were false and misleading. The company clarified that the nation’s power grid was intact and actively supplying electricity to distribution load centers nationwide.

NUBIFIE in some states join, Lagos opts out

Speaking in an exclusive interview with The PUNCH, the Senior Deputy General Secretary of the National Union of Banks, Insurance and Financial Institution Employees, Mr Aboderin Olusola, said so far there has been compliance of banks, insurance companies and other financial institutions in so many states like Bayelsa, Kano, Osun, Edo, Abuja and others.

He said, “We have about 85 per cent compliance, however, the challenge we as a body is that most of these public sector unions especially Lagos, did not comply.”

According to him, for example in Lagos, banks opened their offices earlier in the day and goods were going about their normal business, local government and hospitals opened, most of the public sector unions did not join the strike, and nobody enforced compliance, though our union would move round to ensure that union members in Lagos would comply and just the strike as long as they are members of the unions.

Potential economic loss

The ongoing nationwide strike could result in a daily economic loss of N25.93bn for the Nigerian economy, as per data sourced from the National Bureau of Statistics.

The NBS had previously calculated the economic cost of a nationwide strike in 2012, providing insights into the potential financial impact.

In a document titled, ‘Economic Cost of the Nationwide Strike Action of 9th January – 16th January 2012: Initial Assessment,’ the NBS offered an initial estimate for an eight-day strike action.

Using projected figures for GDP in the first quarter of 2012 and the first quarters of the last three years (2009-2011) for each covered economic activity, the NBS stated, “The real cost of any socio-economic disturbance is the tragic but avoidable loss of human life, the value of which cannot be accurately computed.

“In this brief, the NBS relies on the gross Domestic Product (or GDP) to estimate the monetary value of economic activity “lost” during the period of the strike. In this regard, it is estimated that the nation lost N207, 408.28m million during the eight-day strike.”

Extrapolating from this data, the potential daily economic loss in the current strike stands at N25.93 billion, underscoring the substantial economic implications of the ongoing labor action.

missjekyll:
Did you? May i ask why?

Before you answer, look at your gross salary, then look at your tax. Its a huge chunk, isnt it. Now imagine Bonzo taking that tax from you and immediately handing it to his mates.

Did you know anyone who died during covid? What if I told you they would more likely than not,still be alive today if not for Bonzo? He refused to attend COBRA meetings. He also bought fake PPE with a huge markup which remain unused till today.

Pray tell what do you like about this man?

pretty1986:
pls I want Rishi to follow her too.and I want Boris Johnson to come back.I love his administration

Got your e-mail! The following is the response to your questions:



Congrats!!!



PwC advisory dabble into a whole lot of things and the various units are carved out based on the nature of the Advisory services they render.

Before now the Advisory unit was just one big family under the name: Performance Improvement (or PI for short) but since it's rebranding the unit has undergone a number of changes and innovation hence the split into various units.

The units I can give for now are: Performance Improvement and Risk management. Though there are other units whose functions vary from Strategy, Forensic audits to Business Recovery services.



In my view the best unit as per the category you have given i.e Assurance units e.g FSI, ENERGY etc would be ENERGY, closely followed by SPA before CIPS. But if your question has to do with the best unit overall, then my answer would be TAX for the following reasons:

a) Work-life balance.
b) Higher pay.
c) Less witch hunters



The range of the after tax salary for the first level Associates (A3s) was what I gave. The gross salary is more than the range I gave. Hence, a first level associate should expect to go home with at least 165k every month.



The truth is that in PwC a bad unit depends greatly on individual perspective. The unit I mentioned (FSIP) is 'bad' in my view for a number of reasons e.g The leadership is not smiling, crazy deadlines, work-life balance for peak periods is non-existent etc but this does not mean that people in that unit are necessarily not progressing despite what they face.

In PwC, HC (Human Capital) is in charge of allocating staff to the various units based on need, expertise and some other criteria. A staff can lobby to be out of a particular unit if he or she has a good reason not to be in that unit. PwC Human Capital are responsive to staff needs.

Given that you have a background in the banking sector, you are most likely to end up in FSIP because you already know the terrain but this is not cast in stone. You can still find yourself in some other unit as well.

I will advice that you let HC know your grouse against the banking sector on time and please give them plausible reasons why you can't go back to the banking sector. If your reasons are okay, then you might just find yourself in some other unit.



Every Staff of PwC is exposed to the training program at various levels of development. Personal trainings via CBTs are readily available to every member of staff and classroom trainings are also done at various times. Training is something no one would lack in PwC.

Like I said before the greatest asset of PwC is their staff and they go to great lengths to ensure that ALL their staff get the very best, top of the shelf, trainings. So your answer is: YES, Advisory staff are properly trained and get to travel too.



Thank you!

IbrahimSola:
You can never tell whether he has other deductions that took away his gross salary, e.g. loan, salary advance, personal savings that are all taken from source.

For instance, if he earnes 100k, and 40k goes for savings, 30k for loan repayment, 5kbfor tax, 10k for pension, 85k is already gone. Just one deduction can land him at the 12.8k. If he tells us the sector where he works, we may be able to appreciate how wicked the salary is. In this tough economy, 12k salary is absolute wickedness.

Grit2943:
This should be under crime section and not career section.

Some employers are very heartless.
#12,850 for a whole month.

Op please seek for another job.

GanagiBitrus:

After all the expenses & stress of graduating, you end up with 10k salary. This is gross insult on the educational system.

NewDea4:


All our leaders' kids carry 2nd passports from either America or Europe, some of them are not even with Nigerian passports they're straight-up foreigners. The biggest fools are the emilokan zombies supporting them to plunder Nigeria, in exchange for crumbs like 100k salary to post garbage online

Even Mc oluomo has his nine kids in America, k-1 too. Shettima just got back from seeing his new baby born on U.S soil, yet fools like Rostikol are on here rooting for the ongoing enlavement of their entire descendants for the next 200 years...such pathetically brainless and worthless fools they make me wanna puke

kkkp:
That's gross not net pay

lokome:
I heard the salary is more than 298k for the new intake