Posted inHome
New Minimum wage likely to push states into bankruptcy — NGF
As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the burden of implementing the minimum wage may make many states bankrupt.
The Federal Executive Council, at its meeting last Tuesday, stepped down a memorandum on the report of the tripartite committee on the new minimum wage, to allow for more consultations among the federal and state governments on one part, the private sector and the labour unions on the other part.
Last Thursday, Tinubu met with the governors at the National Economic Council meeting chaired by Vice President Kashim Shettima. The meeting, which was expected to deliberate on the national minimum wage, was, however, silent on whether or not it considered the issue.
Also last Thursday, the Southern Governors’ Forum released the communiqué of its meeting held in Abeokuta, Ogun State, with the governors asking that each state should negotiate minimum wage with its workforce.
The labour unions have, however, reacted to the stance of the Ni¬geria Governors’ Forum over their overbearing influence on the minimum wage negotia¬tions.
In a document, titled, “Analysis of State FAAC inflows and state expenditure profile,” of the Nigeria Governors’ Forum Secretariat, the NGF report warned that implementing the new minimum wage could push states into bankruptcy due to increased recurrent expenditure.
READ ALSO:
FG votes N24tn for salaries as new wage begins April
According to the report, the burden of recurrent expenditure already left Abia, Ekiti, Gombe, Imo, Katsina, Kogi, Oyo, Plateau, Sokoto, Yobe, and Zamfara in deficit in 2022.
The report predicted that if the recurrent expenditure increased by 50 per cent, 13 states would fall into deficit, with only 10 remaining financially stable.
The tripartite committee’s recommendation of a N62,000 minimum wage would necessitate over a 100 per cent increase from the current N30,000, potentially leaving only a few states like Anambra, Bayelsa, Borno, Ebonyi, Gombe, Imo, Jigawa, Kaduna, Lagos, and Rivers with positive net revenues, based on the 2022 fiscal data.
A net revenue is the deduction of recurrent expenditure from the total revenue of the state. When it is positive, it means a surplus, but when negative, there is a deficit.
Also, the total revenue of states is calculated from the monthly revenue from the Federal Account Allocation Committee, internally generated revenue, aids and grants and constituency development funds.
According to the documents, sighted, Abia, with an employment size of about 58,631 workers, pays N5,837,899,980.40 as wage monthly. Anambra has a 20,541 employment size and pays N1,824,851,308.96 monthly as wages, apart from N894,480,399.62 as pension obligation and N579,694,680.33 for debt servicing.
Bayelsa boasts of 48,213 workforce, paying N5,802,435,178.58 monthly, with N1,194,528,784.40 as pension obligation and N3,535,787,992.48 as debt servicing, totalling N10,532,751,955.46 as total recurrent expenditure monthly.
Benue has about 13,366 workers in its workforce and pays N2,040,184,471.85 as monthly wage, N76,838,634.62 for pension, and N64,685,126,826.08 for debt servicing, totalling N66,802,149,932.56 monthly.
Delta has about 50,871 workers, offering N8,973,081,853.50 as wages, N1,499,886,303.39 as pension, and N72,417,433,139.00 as debt servicing, accumulating to N82,890,401,295.89 in a month.
Jigawa has about 44,831 workers in its employ and pays N2,795,662,113.02 as wages, and N345,987,843.12 as a pension, totalling N3,141,649,956.14 monthly on recurrent expenditure.
Katsina, Kwara and Niger have 19,062, 36,048 and 22,225 workers, with accumulated N139,294,944,565.27, N4,457,268,675.54 and N2,653,614,213.35 monthly recurrent expenditure respectively.
According to the document, Abia has a total recurrent expenditure of N111,983,979,958.62, against a total revenue of N147,637,730,867.73.
For Adamawa, the recurrent expenditure stands at N70,369,399,885.57, against a total revenue of N109,722,949,684.65, while Akwa Ibom boasts of a high revenue of N444,288,683,000, with recurrent expenditure of N235,144,539,000.
Of the states, Lagos has the highest total revenue, amassing N1,243,778,878,170 in 2022, with a recurrent expenditure of N621,043,036,000, followed by Delta, with N702,020,717,460.08 and a recurrent expenditure of N377,905,100,451.83.
Rivers amassed N525,588,159,714.88 in 2022, with recurrent expenditure of N186,974,715,774.87; Kaduna had a total revenue of N222,349,875,000 and expenditure of N95,987,999,472.10; Ogun, N297,249,009,626.83, recurrent expenditure of N178,519,010,628.42 and Oyo, with total revenue of N247,156,776,739.70 and recurrent expenditure of N152,077,804,384.65.
Kebbi State had the lowest total revenue in 2022, raking in N92,132,444,588.16 and spent N57,601,464,374.96 on recurrent expenditure, followed by Taraba, with a total revenue of N101,177,283,069.87 and recurrent expenditure of N75,055,201,412.62.
Aside from FAAC allocation, some states recorded poor IGR in the 2022 data compiled by the NGF Secretariat.
Zamfara State generated N6,513,960,477.20; followed by Kebbi, with N8,630,767,122.96; Taraba, N9,744,331,840.01 and Yobe State, with N9,940,554,642.00.
The IGR of Katsina (N12,821,119,042.64), Adamawa (N13,175,774,969.53), Niger (N14,427,373,136.00), Benue (N15,021,223,729.38), Plateau (N15,927,001,739.90) and Imo (N16,711,346,111.18) also showed a poor revenue standing.
Newsmen reported on October 19, 2023, that 15 states have yet to implement the N30,000 minimum wage for their workers since it was signed into law in 2019.
According to BudgiT, though the 15 states were yet to implement the minimum wage of N30,000, the 36 states of the federation grew their cumulative personnel cost by 13.44 per cent to N1.75tn in 2022 from N1.54tn in 2021.
The civil society organization, in a release, ‘The States of States Report 2023,’ highlighted that the 36 states of the federation grew their revenue by 28.95 per cent from N5.12tn in 2021 to N6.6tn in 2022.
“Put together, the IGR of the 36 states appreciated by 12.98 per cent from N1.61tn in 2021 to N1.82tn in 2022, denoting a strengthened domestic revenue mobilisation capability.
“Nonetheless, the IGR to GDP ratio remained very low at 1.01 per cent. The increase in IGR did not reflect across the board as 17 states experienced a decline in their IGR from the previous year, while 19 states recorded positive growth,” BudgIT said.
The Assistant General Secretary of the NLC, Chris Onyeka, in an interview with the News Agency of Nigeria on minimum wage and its implementation, claimed that many state governors were flouting the Minimum Wage Act and listed the states of Abia, Enugu, Bayelsa, Delta, Nasarawa, Gombe, Adamawa, Niger, Sokoto, Imo, Anambra, Taraba, Benue, and Zamfara as defaulting.
Reacting, the Enugu State chairman of TUC, Ben Asogwa, said the state commenced payment of N30,000 minimum wage and its consequential adjustment in February 2020 for state government workers, while local government workers and primary school teachers were paid 25 per cent consequential adjustment.
He, however, said Governor Peter Mbah, on assumption of office, approved the full implementation of the N30,000 minimum wage for both the LG workers and primary school teachers in the state.
Zamfara State Governor, Dauda Lawal, announced during a meeting with the leadership of the labour unions that the state would begin payment of N30,000 minimum wage effective June 2024.
lucky bird casino opinie 100zl bez depozytu za rejestracje strategia gry na automatach
Beyler bahisçiler Oranlar düşük, bonuslar gerçek değil Hepsinde hayal kırıklığı yaşadım Bu site kesinlikle iyi çalışıyor — 1xbet giriş yap hemen Her gün özel bonus ve bedava bahis kampanyaları var Neyse, kaybetmeyin diye tıkla — 1xbet yeni giriş adresi [url=https://1xbet-giris-mnv.com]1xbet yeni giriş adresi[/url] Sakın sahte sitelere kanma Bahis yapan herkese yolla
Merhaba arkadaşlar Bazıları ödeme yapmıyor Paramı geri alamadım Türkiye’deki en güvenilir platform — 1xbet yeni adresi güncel Para çekme işlemleri anında onaylanıyor Kısacası, her şey mevcut — xbet [url=https://1xbet-mxv.com]xbet[/url] Sakın sahte sitelere kanmayın İhtiyacı olan herkese gönderin
Selam millet Hepsi ya dolandırıcıydı ya da ödemeleri aksatıyordu Ama sonunda bu siteyi keşfettim — 1xbet yeni giriş kolay Müşteri desteği 7/24 aktif Kısacası, her şey detaylı — 1xbet türkiye [url=https://1xbet-giris-bwf.com]1xbet türkiye[/url] Tek adres 1xbet giriş Bahis yapan herkese yolla
If you ask me, I have been studying this cool thread for a long time, and I just needed to post some of my insights. First off, from my experience a lot of bettors usually miss the importance of proper budget control, and this really changes the overall success. Furthermore, games right now look extremely dynamic, therefore you definitely need to watch out. By the way, it’s worth to check [url=https://facebook.com/groups/972734905567437]tucan login[/url], as it provides very accurate tips on how to maximize the fun. On top of that, I honestly believe that recovering losses is the fastest path to lose your balance, so just remember when to walk away. How do guys deal with a losing streak? Share your ideas in the comments!
Hi, guys, I’ve been checking out this interesting community for a while, and I just decided to drop some of my views. For starters, I’ve noticed that plenty of punters always miss the importance of good limits, which totally determines the overall results. In addition, casinos lately get way more volatile, and thus one must to watch out. That aside, I found an helpful source [url=https://telegra.ph/Une-Exploration-Approfondie-de-07-08]https://telegra.ph/Une-Exploration-Approfondie-de-07-08[/url], as it shares very accurate insights on how to improve the fun. I must add, I firmly think that trying to recover bad runs is a surefire method to lose everything, so just remember when to stop. How do you usually deal with bad beats? Let’s discuss in the comments!
Bahisçiler dikkat Uzun zamandır düzgün bir site arıyorum Hepsinde paramı kaybettim En sağlam platform bu — 1xbet yeni adresi tıkla Her şey pürüzsüz çalışıyor Neyse, kaydedin kenarda dursun — 1xbet turkey [url=https://1xbet-fkq.com]1xbet turkey[/url] Sakın sahte sitelere kanma Bunun gibilerin derdine düşenlere gönder
Herkes merhaba İyi bir bahis sitesi bulmak çok zor Neredeyse bahis işini bırakıyordum Her şey şeffaf ve hızlı — 1xbet turkey para yatırma Çekim dakikalar içinde Neyse, her şey var — 1xbet yeni adresi [url=https://1xbet-jdc.com]1xbet yeni adresi[/url] Sakın sahte sitelere bulaşma Bahis yapan herkese yolla
If you ask me, I have been watching this cool community recently, and I finally wanted to share some of my experiences. As a side note, from my experience many gamblers frequently miss about good limits, which really changes the betting journey. Plus, slots these days get much more volatile, so you really ought to watch out. That aside, it’s worth to look at [url=https://tiktok.com/@tucancasino_uk?lang=nl-NL]tucan reviews[/url], which shares very reliable tips for maximize your odds. It’s also true that running after money lost is the fastest route to lose everything, which is why you should learn when to quit. What are your takes on this? Share your ideas here!
If you ask me, I’ve been cruising the thread recently, and I just decided to contribute some of my insights. To begin with, I have seen that a lot of punters often forget the importance of strict limits, which completely makes or breaks the gaming experience. Furthermore, slots these days get extremely risky, and thus one have to watch out. By the way, I discovered an helpful source [url=https://telegra.ph/Une-plateforme-egalee-winaura-07-08]https://telegra.ph/Une-plateforme-egalee-winaura-07-08[/url], as it gives very reliable insights for improve the fun. It’s also obvious that running after bad runs is a surefire method to go broke, so just know when to call it a day. What are your takes on this? Let’s chat here!
Coucou les amis, partager une curieuse observation a propos de nos habitudes sur les sites en ce moment. J’ai constate que le facteur psychologique joue un role crucial, ainsi que que la cle pour garder le controle reside essentiellement dans la gestion stricte de sa bankroll, au-dela de dans la seule veine. Comme on le sait, certains jours on enchaine les succes consecutifs, toutefois d’autres fois c’est la traversee du desert, un phenomene totalement logique dans cet milieu du hasard. C’est pourquoi, afin de contourner les pertes inutiles, je prends toujours le temps de tester correctement les etablissements de divertissement. C’est precisement en quete de des infos pertinentes que j’ai decouvert [url=https://t.me/alexcasino_fr]alexander casino[/url], un super support pour evaluer les promotions, decouvrir les cotes et attester du serieux des casinos avant d’investir son propre argent. Je trouve que s’informer ainsi permet de contourner les illusions et de garder le plaisir intact, ce qui est au fond l’essentiel quand on joue en ligne. Qu’en pensez-vous ?, quelle est votre astuce secrete pour ne pas stresser face aux aleas du direct ? Preferez-vous jouer sur les machines a sous ou plutot defier le croupier en live sur les tables de roulette ? Au plaisir d’echanger, ca m’interesse de debattre avec vous !
Hello, friends, I’ve been cruising this great community recently, and I decided to share a few things. For starters, I have seen that many punters often miss how crucial it is to have strict bankroll management, and this totally determines your overall experience. In addition, casinos these days are becoming extremely volatile, therefore you really ought to be cautious. By the way, I ran into this amazing site [url=https://telegra.ph/Valorisation-et-recyclage-des-07-08]https://telegra.ph/Valorisation-et-recyclage-des-07-08[/url], which offers very decent tips for maximize the fun. Moreover, I honestly feel that recovering bad runs is the quickest method to lose your balance, so please learn when to quit. What are your views about that? Share your experience here!
Salut la communaute, soumettre une vraie observation personnelle sur les sites ces jours-ci. A mon sens, que l’aspect emotionnel joue un role crucial, de meme que que la cle pour ne pas se faire plumer reside avant tout dans le controle serieux de sa bankroll, plutot que dans la seule veine. On vit tous des cycles : par moments on accumule les succes consecutifs, neanmoins d’autres fois c’est le calme plat, un phenomene tout a fait logique dans cet univers du jeu en ligne. D’ailleurs, afin de contourner les mauvaises surprises, je fais en sorte de etudier serieusement les plateformes de divertissement. C’est d’ailleurs en quete de des analyses credibles que j’ai decouvert [url=https://youtube.com/channel/UC_GNM-EY2lp0SjR8ybet_GQ]alexander casino[/url], un excellent outil pour comparer les promotions, decouvrir les cotes ainsi que confirmer le serieux des operateurs avant d’miser son propre argent. Prendre ce recul essentiel permet de s’epargner les pieges classiques ainsi que de garder le cote ludique du jeu, ce qui est au fond le plus important quand on mise sur internet. Et de votre cote, quelle est votre methode favorite pour garder la tete froide face aux aleas du direct ? Etes-vous plutot branches sur vous amuser sur les machines a sous ou plutot defier le croupier en direct sur les tables de roulette ? Hate de vous lire, ca m’interesse de debattre avec vous !
Honestly, I’ve been browsing this great thread for a while, and I wanted to contribute a few observations. To begin with, from my experience plenty of gamblers usually overlook how crucial it is to have solid money discipline, something that absolutely makes or breaks your long-term journey. Also, casinos these days look incredibly volatile, therefore you definitely need to be smart. Moving on, it’s worth to check [url=https://telegra.ph/Eclabousser-dopportunites-avec-07-08]https://telegra.ph/Eclabousser-dopportunites-avec-07-08[/url], which gives very reliable tips for boost the fun. Moreover, I feel that recovering bad runs is the easiest way to lose it all, which is why you should remember when to stop. How do guys manage a losing streak? Share your feedback in the comments!
Je tenais a partager une breve constatation personnelle sur les sites recemment. A mon sens, que le comportement psychologique joue un role immense, ainsi que que le pilier pour ne pas se faire plumer reside avant tout dans le controle serieux de sa mise, plutot que dans la simple chance. On connait tous des cycles : parfois on accumule les succes rapides, cependant d’autres fois c’est la panne de chance, un phenomene totalement naturel dans cet milieu du hasard. Ainsi, afin de limiter les deceptions, je prends toujours le temps de verifier minutieusement les sites de divertissement. C’est d’ailleurs en cherchant des analyses fiables que j’ai commence a utiliser [url=https://pinterest.com/alexcasino_fr/]online alexander casino[/url], un excellent outil pour evaluer les promotions, lire des critiques d’experts tout comme confirmer le serieux des plateformes avant d’miser son capital. Prendre ce recul necessaire permet d’eviter les pieges classiques et de maintenir l’excitation intact, ce qui reste l’essentiel quand on parie en ligne. Du coup, quelle est votre strategie majeure pour garder la tete froide face aux aleas du direct ? Preferez-vous vous amuser sur les machines a sous ou plutot tenter le coup en direct sur les tables de poker ? Partagez vos avis, ca m’interesse de connaitre votre opinion !
Hello, folks, I have been following this great forum recently, and I wanted to share some of my insights. As a side note, it looks like that most players always forget the importance of solid budget control, and this completely changes your gaming results. Plus, slots nowadays get much more volatile, which means one need to watch out. By the way, it’s worth to examine [url=https://telegra.ph/Elegant-casino-winaura-une-exp-07-08]https://telegra.ph/Elegant-casino-winaura-une-exp-07-08[/url], as it gives some great strategies on ways to boost the fun. Moreover, I firmly believe that recovering bad runs is a surefire method to lose your balance, which is why you should know when to stop. How do you normally deal with bad beats? Let’s hear your thoughts here!
Hello le groupe, soumettre une breve reflexion personnelle sur les sites ces dernieres semaines. A mon sens, que le facteur mental joue un role crucial, ainsi que que le pilier pour ne pas tout perdre reside avant tout dans la gestion intelligente de sa mise, au-dela de dans la pure chance. Comme on le sait, de temps en temps on enchaine les gains memorables, mais d’autres fois c’est le calme plat, un phenomene totalement comprehensible dans cet univers du jeu en ligne. D’ailleurs, afin de anticiper les mauvaises surprises, je m’efforce de toujours tester minutieusement les sites de divertissement. C’est precisement en quete de des analyses pertinentes que j’ai trouve [url=https://x.com/alexcasino_fr]casino alexander[/url], un site precieux pour analyser les promotions, decouvrir les cotes tout comme attester du serieux des plateformes avant d’deposer le moindre euro. Je trouve que s’informer ainsi permet d’eviter les pieges classiques ainsi que de maintenir le plaisir du jeu, ce qui reste l’essentiel quand on joue en ligne. Du coup, quelle est votre astuce numero un pour ne pas stresser face aux fluctuations ? Preferez-vous jouer sur les machines a sous ou plutot defier le croupier en direct sur les tables de roulette ? Racontez-moi vos experiences, ca m’interesse de debattre avec vous !
If you ask me, I’ve been browsing the forum for a few weeks, and I decided to share some of my experiences. To begin with, it looks like that plenty of players always overlook the importance of solid budget control, something that completely determines the betting results. Furthermore, platforms nowadays look extremely risky, therefore one need to be careful. Moving on, you should explore [url=https://telegra.ph/Etrange-et-captivant-win-aura-07-08]https://telegra.ph/Etrange-et-captivant-win-aura-07-08[/url], as it gives very reliable strategies on ways to maximize the fun. It’s also true that running after losses is a surefire way to go broke, so please remember when to walk away. How do guys manage a losing streak? Let’s chat below!
jednoreki za darmo Darmowe spiny bez depozytu 2026 dude spin bonus bez depozytu