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.
Народ помогите Каждое утро как на войну Ребёнок учится ради оценок Короче, реально удобный формат — школа дистанционно с лицензией Ребёнок занимается дома без нервов В общем, сохраняйте себе — 11 классов сайт [url=https://shkola-onlajn-dyk.ru]https://shkola-onlajn-dyk.ru[/url] Переходите на нормальное обучение Перешлите другим родителям
Народ у кого дети Учителя со своими закидонами Нервы ни к чёрту у всей семьи Короче, реально крутая система — онлайн школа Москва с учителями профи Преподаватели реально крутые В общем, смотрите сами по ссылке — Переходите на нормальное обучение Перешлите другим родителям
Народ у кого школьники Домашка на весь вечер Только оценки и нервотрёпка Короче, реально удобный формат учёбы — школа онлайн с государственной лицензией Никаких школьных драм В общем, вся инфа вот здесь — дистанционное обучение сайт школы [url=https://shkola-onlajn-wqe.ru]https://shkola-onlajn-wqe.ru[/url] Хватит мучить себя и ребёнка Перешлите другим родителям
Hi, everyone, I’ve been browsing this great thread recently, and I just needed to post some of my insights. To begin with, from my experience most punters usually forget about proper limits, which absolutely makes or breaks your betting experience. Plus, casinos right now get incredibly unpredictable, so one have to stay sharp. Moving on, I ran into an useful guide [url=https://tiktok.com/@analphabetisme_ca]grizzly[/url], which gives very reliable data for maximize the fun. Another thing is, I honestly feel that running after money lost is the fastest path to go broke, so please remember when to walk away. How do you usually deal with bad beats? Share your experience below!
888starz ellikdan ziyod tilda ishlaydi va sodda o’zbekcha menyu bilan har qanday foydalanuvchiga mos keladi.
Rasmiy saytda 4000+ slot doimiy yangilanib boruvchi katalogda mavjud.
Foydalanuvchilar jahon chempionatlari va mahalliy ligalarga stavka qo’yishlari mumkin.
Faol foydalanuvchilar uchun haftalik keshbek va bonuslar uzluksiz taqdim etiladi.
Ro’yxatdan o’tish telefon yoki email orqali bir necha daqiqada amalga oshadi.
888 bet [url=https://888starz-uzb8.com]888 bet[/url]
Мы работаем ежедневно, без выходных, поэтому позвонить по телефону можно сейчас, ночью, утром, в праздники и в любой сложный момент. Бесплатная консультация помогает понять, нужна ли капельница, детоксикация, вывод из запоя, госпитализация в стационар, прием в клинике, кодирование, психотерапия, реабилитация или дальнейшее лечение зависимости.
Получить больше информации – [url=https://narkolog-na-dom-kazan20.ru/]вызвать нарколога на дом в казани[/url]
يتيح 888starz للاعبين في مصر منصة رسمية تجمع الكازينو والرهانات الرياضية في موقع واحد.
888stars [url=https://888starzs15.com/]888stars[/url]
يبرز الموقع مجموعة 888Games الخاصة بنتائجها السريعة.
يوفر الموقع رهانًا فوريًا وإحصاءات مباشرة للأحداث الجارية.
يطرح 888starz مكافآت منتظمة تشمل الاسترداد النقدي والترقيات.
يقدم 888starz تسجيلًا سريعًا بخطوات بسيطة وحد إيداع منخفض.
I am very happy to have stumbled upon this specific article. It is not always easy to find a fully unbiased and universally useful overview, but you have managed to hit all the right notes with your logical formatting and incredibly straightforward explanations right here.
https://fyrleyfoodbar.nl/
تأتي الواجهة معرّبة بالكامل ضمن دعم يتجاوز 50 لغة.
888 starz [url=https://888starzs16.com/]888 starz[/url]
يوفر الكازينو الحي أكثر من 250 طاولة بموزعين حقيقيين تعمل بلا توقف.
يمنح الرهان المباشر احتمالات محدّثة لحظيًا أثناء المباريات.
ويقدم قسم الرياضة مكافأة 100% تصل إلى 100 يورو.
لا يتطلب إنشاء الحساب سوى دقائق معدودة.
Just my two cents, I have been tracking this cool forum recently, and I felt like to drop a few points. As a side note, it seems to me that plenty of gamblers usually forget about solid budget control, something that really determines the betting journey. In addition, slots right now are becoming much more dynamic, and thus one ought to watch out. Moving on, I discovered this useful guide [url=https://t.me/fivelions_uk]spindog[/url], as it gives very reliable data for improve the fun. It’s also clear that recovering losses is a surefire method to lose it all, so please remember when to walk away. Do you agree with my perspective, or is there a different strategy? Let’s chat in the comments!
Если хотите разобраться, как правильно выбрать ткань, снять замеры и заказать шторы без лишних ошибок, рекомендую посмотреть этот материал: ссылка.
Yo, everyone, I have been tracking this cool thread recently, and I just needed to contribute some of my experiences. First off, from my experience most bettors usually miss about strict budget control, something that absolutely makes or breaks the long-term results. Furthermore, games these days get way more risky, which means one ought to watch out. Anyway, it’s worth to look at [url=https://threads.com/@fivelions_uk]spindog casino online[/url], which shares very decent insights for maximize your chances. I must add, I firmly believe that recovering money lost is a surefire route to go broke, so always know when to call it a day. What do you think about that? Let’s talk here!
888stars [url=https://888starzs17.com/]888stars[/url]
يعتمد لاعبو القاهرة على 888starz.bet للوصول إلى آلاف الألعاب وعشرات الرياضات.
يمنح الموقع لاعبيه أكثر من مئتين وخمسين طاولة مباشرة على مدار الساعة.
يغطي قسم الرياضة أكثر من 35 نوعًا من كرة القدم والتنس إلى الملاكمة والإي سبورتس.
تتوالى المكافآت الدورية بين الاسترداد النقدي والترقيات الموسمية.
يقدم 888starz تسجيلًا سريعًا بخطوات بسيطة وحد إيداع منخفض.
صُمم قسم الكازينو ليكون سهل التصفح مع بحث سريع عن العناوين.
تشمل التشكيلة سلوتات بجاكبوت تراكمي وأخرى بمعدلات ربح مرتفعة.
تشمل الطاولات المباشرة الروليت والبلاك جاك والبكارات والبوكر.
يفضل كثير من اللاعبين ألعاب الكراش لسرعة جولاتها.
يُنصح دائمًا باللعب بمسؤولية وضمن ميزانية محددة.
888stars [url=https://888starzs19.com/]888stars[/url]
يمكن الوصول إلى الكازينو من المتصفح أو التطبيق على أندرويد و iOS.
888starz [url=https://888starzs20.com/]888starz[/url]
يحتوي الكازينو على آلاف ماكينات السلوت من استوديوهات مرموقة.
يضم الكازينو الحي أكثر من 250 طاولة يديرها موزعون حقيقيون على مدار الساعة.
يضم الكازينو ألعابًا تلفزيونية سريعة تناسب من يفضل النتائج الفورية.
تتوفر أيضًا عروض دورية من كاش باك وبطولات سلوت للاعبين النشطين.
Народ кто в Москве Замучился я с перепланировкой Штрафы огромные если без согласования Потратил кучу времени впустую Короче, ребята реально толковые — перепланировка квартиры с авторским надзором Всё за месяц закрыли В общем, вся инфа вот здесь — как узаконить перепланировку в москве [url=https://pereplanirovka-kvartir-vhj.ru]https://pereplanirovka-kvartir-vhj.ru[/url] Не начинайте без проекта Перешлите тому кто тоже ремонт затеял
Yo, friends, I have been watching this cool forum recently, and I felt like to share a few things. For starters, from my experience plenty of gamblers usually forget the importance of proper money discipline, which absolutely determines the betting success. In addition, platforms nowadays look extremely dynamic, which means you definitely need to stay sharp. By the way, you should look at [url=https://instagram.com/fivelions_uk/]spindog casino login[/url], which shares very accurate strategies for improve your winning potential. It’s also true that chasing money lost is the quickest route to go broke, so just learn when to call it a day. What do you think about that? Share your stories below!
Hey, friends, I have been following the blog for a bit, and I felt like to share some of my thoughts. For starters, from my experience plenty of bettors always ignore the importance of solid money discipline, something that totally changes the overall success. Also, slots right now seem incredibly unpredictable, so one need to watch out. Moving on, you should examine [url=https://youtube.com/channel/UChvt38HosQKMwVq2jo4gCrg]spindog online casino[/url], which offers very decent tips on ways to improve your odds. I must add, I feel that chasing losses is a surefire way to go broke, which is why you should learn when to call it a day. How do guys manage a losing streak? Let’s discuss below!
It’s appropriate time to make some plans for the future and it is time to be happy.
I have read this post and if I could I wish to suggest you few interesting things or tips.
Maybe you can write next articles referring to this article.
I desire to read more things about it!
Предотвращение аварий и простоев.Уменьшение количества повреждений оборудования. Продление срока службы электроники. За счёт снижения термической нагрузки. * **Экономия затрат.** Минимизация расходов на ремонт и замену техники. * **Соответствие нормам и стандартам.** Проекты проходят экспертизу без доработок. * **Гибкость применения.** Подходят для промышленных, жилых и коммерческих
Подробная информация на сайте – https://bryansktoday.ru/article/247653
Как работают искробезопасные УЗИП
Барьеры Т
Реле безопасности Beijing PingHe
Hey, friends, I have been watching this great community recently, and I felt like to share a few things. As a side note, I have seen that a lot of bettors usually forget how crucial it is to have solid limits, something that really defines the gaming success. In addition, slots right now are becoming incredibly unpredictable, therefore you really have to be cautious. Moving on, you should look at [url=https://pinterest.com/fivelions_uk/]spindog casino reviews[/url], which provides some fantastic strategies on ways to increase your chances. It’s also obvious that chasing losses is a surefire method to lose your balance, which is why you should know when to call it a day. What do you think about that? Share your experience here!
Hello, everyone, I have been following the blog for a long time, and I just needed to share some of my insights. For starters, from my experience most punters frequently forget the importance of good money discipline, which absolutely determines your overall success. Plus, casinos nowadays look extremely unpredictable, which means you definitely have to stay sharp. Moving on, it’s worth to examine [url=https://x.com/fivelions_uk]spindog casino[/url], which offers very accurate data for maximize your winning potential. It’s also obvious that chasing losses is the easiest way to go broke, which is why you should remember when to stop. What do you think on this? Share your ideas in the comments!