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.
скачать видео с youtube [url=https://skachat-video-s-youtube-11.ru]https://skachat-video-s-youtube-11.ru[/url]
мелбет фриспины как получить [url=melbet49375.help]melbet49375.help[/url]
http://royalgrowthagency.com/
El equipo de Royalgrowthagency se consolida como una estructura de confianza enfocada en el mercado espanol, que proporciona soluciones personalizadas a sus clientes, valorando en la confianza y la transparencia. Mas informacion en esta pagina.
скачат видео ютуб [url=https://skachat-video-s-youtube-9.ru]скачат видео ютуб[/url]
whoah this weblog is magnificent i like studying your posts. Keep up the great work! You realize, a lot of individuals are searching round for this information, you could help them greatly.
free spins no deposit
melbet как играть в казино [url=http://melbet49375.help]http://melbet49375.help[/url]
1win lucky jet играть [url=http://1win94317.help]http://1win94317.help[/url]
мелбет верификация [url=http://melbet49375.help]http://melbet49375.help[/url]
instalare mostbet ios [url=mostbet13829.help]instalare mostbet ios[/url]
melbet о! [url=https://melbet49375.help/]https://melbet49375.help/[/url]
сайт для скачивания видео с ютуба по ссылке [url=https://skachat-video-s-youtube-10.ru]https://skachat-video-s-youtube-10.ru[/url]
скачиватель видео с ютуба [url=https://skachat-video-s-youtube-12.ru]скачиватель видео с ютуба[/url]
Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
Starburst
This is a fantastic article regarding the current home renovation trends in the region. Finding the right Interior design Malaysia partner is undoubtedly
a top consideration for new homeowners today. In the Selangor area,
working with an Interior designer Selangor who carries the reputation of being among the Top interior designers KL is vital in optimizing the
budget. I’ve noticed that the Design and build interior design Malaysia
model offered by Jolivin Interiors provides a very practical
solution, particularly when it comes to bespoke Custom kitchen cabinet Malaysia work.
For those residing in the suburbs, Interior design Puchong
is seeing massive growth, and the range of Interior design services Klang Valley is more impressive than ever.
Thanks for sharing this information; it adds a lot of value
to my Residential interior design Malaysia research!
http://seomeagency.es/
El equipo de Seomeagency se consolida como una estructura de confianza dedicada al ambito nacional espanol, que ofrece soluciones personalizadas a quienes valoran la eficiencia, valorando en los resultados. Conoce mas en esta pagina.
1win последняя версия apk [url=http://1win94317.help]1win последняя версия apk[/url]
mostbet bonus lucky jet [url=https://www.mostbet13829.help]https://www.mostbet13829.help[/url]
Запой – это состояние, при котором человек продолжает употреблять алкоголь в течение длительного времени, не в состоянии прекратить употребление самостоятельно, что является проявлением алкоголизма. Это может привести к серьезным проблемам со здоровьем, и в таком случае необходим вывод из запоя с помощью наркологической помощи, при этом в дальнейшем может рассматриваться кодирование.
Получить дополнительные сведения – [url=https://vyvod-iz-zapoya-na-domu-ekaterinburg-17.ru/]нарколог на дом вывод из запоя екатеринбург[/url]
melbet поддержка киргизия [url=http://melbet49375.help/]http://melbet49375.help/[/url]
http://sftw.es/
La empresa Sftw se presenta como una empresa profesional con presencia en el ambito nacional espanol, que proporciona un enfoque integral a sus clientes, con foco en la confianza y la transparencia. Descubre todos los detalles a traves del enlace.
Article writing is also a fun, if you know afterward you can write
otherwise it is complex to write.
Gates of Olympus 1000 Turkiye
I’m impressed, I have to admit. Rarely do I come across a blog that’s both educative and engaging, and without a doubt, you have hit the nail on the head.
The issue is something not enough people are speaking intelligently about.
I’m very happy that I found this during my search for something relating to this.
I constantly emailed this weblog post page to all my contacts, as if like to read it afterward my
links will too.
вызов нарколога на дом воронеж [url=https://narkolog-na-dom-voronezh-11.ru]вызов нарколога на дом воронеж[/url]
Реабилитация с индивидуальным подходом позволяет значительно повысить вероятность успешного избавления от зависимости. Она помогает учитывать не только физиологические аспекты зависимости, но и личные проблемы пациента, его психологическое состояние и отношения с окружающим миром. Индивидуальная программа также увеличивает мотивацию пациента и снижает риск рецидивов. В некоторых случаях лечение наркомании или запоя может быть предоставлено бесплатно, в зависимости от программы социальной поддержки или доступных государственных услуг.
Получить больше информации – http://reabilitacziya-alkogolikov-moskva.ru
http://socialmediaglobal.es/
El proyecto Socialmediaglobal es una empresa profesional dedicada al mercado espanol, que ofrece un enfoque integral a sus clientes, destacandose por en los resultados. Mas informacion a traves del enlace.
[url=https://aleksandrov.myqip.ru/?1-13-0-00000725-000-0-0-1776945487]Продвижение сайта в Яндексе[/url] — как правильно настроить Яндекс.Вебмастер с нуля?
[url=https://mymoscow.forum24.ru/?1-6-0-00041955-000-0-0-1776878046]Поисковое продвижение сайта[/url] — как объективно оценить работу подрядчика?
лечение наркомании на дому [url=https://narkolog-na-dom-voronezh-12.ru]https://narkolog-na-dom-voronezh-12.ru[/url]
mostbet aplikacja apk bez google play [url=http://mostbet2002.help/]mostbet aplikacja apk bez google play[/url]
melbet официальный сайт киргизия [url=https://melbet45163.help/]https://melbet45163.help/[/url]
mostbet odzyskaj dostęp [url=http://mostbet2002.help/]http://mostbet2002.help/[/url]
melbet скачать ios киргизия [url=www.melbet45163.help]melbet скачать ios киргизия[/url]
нарколог на дом воронеж [url=https://narkolog-na-dom-voronezh-10.ru]нарколог на дом воронеж[/url]
мелбет регистрация аккаунта [url=https://melbet45163.help/]https://melbet45163.help/[/url]
mostbet lucky jet strategie [url=http://mostbet2002.help/]http://mostbet2002.help/[/url]
мелбет экспресс ставки [url=www.melbet45163.help]www.melbet45163.help[/url]
mostbet statystyki [url=http://mostbet2002.help]http://mostbet2002.help[/url]
pin-up uduş çıxarış qaydası [url=pinup2010.help]pin-up uduş çıxarış qaydası[/url]
1win бонус барои аккаунти нав [url=http://1win26514.help/]http://1win26514.help/[/url]
opinie o mostbet [url=https://www.mostbet2002.help]https://www.mostbet2002.help[/url]
melbet вход без блокировки [url=https://melbet45163.help/]melbet вход без блокировки[/url]
http://street-art-decoracion.es/
Street Art Decoracion se posiciona como una estructura de confianza enfocada en el tejido empresarial espanol, que proporciona servicios de calidad a empresas y particulares, con foco en la excelencia del servicio. Descubre todos los detalles aqui.
Hi, this weekend is nice designed for me, since this moment i am reading this enormous informative article here at my residence.
Решение о помещении пациента в стационар принимается на основе объективных медицинских критериев, а не только по желанию родственников. К показаниям относятся: запой длительностью более 72 часов, выраженная абстиненция с тахикардией, артериальной гипертензией, профузным потоотделением, наличие в анамнезе алкогольных делириев или судорожных эпизодов, сопутствующие хронические заболевания печени, сердца, поджелудочной железы. При отравление продуктами распада этанола, когда интоксикация затрагивает несколько систем одновременно, резкое прекращение употребления без медицинской поддержки может спровоцировать отек мозга, острую сердечную недостаточность или желудочно-кишечное кровотечение. При сочетанных расстройствах, когда в анамнезе присутствует наркомании, протоколы адаптируются под специфику психоактивных соединений и включают усиленный нейрологический контроль. Стационар позволяет провести полноценную диагностику, включая ЭКГ, экспресс-анализы крови и мониторинг сатурации, что формирует точную картину состояния и исключает шаблонные назначения.
Выяснить больше – [url=https://vyvod-iz-zapoya-v-staczionare-sankt-peterburg-20.ru/]вывод из запоя в стационаре в санкт-петербурге[/url]
mostbet gdzie pobrać aplikację [url=mostbet2002.help]mostbet gdzie pobrać aplikację[/url]
melbet вывод мбанк [url=melbet45163.help]melbet вывод мбанк[/url]
bonus bez depozytu mostbet [url=https://mostbet2002.help/]https://mostbet2002.help/[/url]
мелбет вход по номеру [url=http://melbet45163.help/]мелбет вход по номеру[/url]