NewStats: 3,265,323 , 8,186,383 topics. Date: Saturday, 14 June 2025 at 12:42 PM 4311n

Learning...

Chimarto:

Calculation of New Salary Based on Minimum Wage Increase

1. **Current Salary and Minimum Wage:*
- Current Salary: 105,000
- Old Minimum Wage: 30,000

2. *New Minimum Wage:*
- New Minimum Wage: 100,000

3. *Difference Between New and Old Minimum Wage:*
{Difference} = 100,000 - 30,000 = 70,000

4. *Percentage Difference Between Old and New Minimum Wage:*
{Percentage Difference} = {100,000 - 30,000}{30,000} \right) \times 100 = 233.33%


5. Calculate 233.33% of Current Salary:
{Amount} = \left( \frac{233.33}{100} \right) \times 105,000 = 244,996.50


6. New Salary Calculation:
{New Salary} = 105,000 + 244,996.50 = 349,996.50

New Salary: 349,996.50

Please rest in Jesus Name.

adioolayi:


No...

There is wage structure that will be used.

The only cadre that will enjoy full 70% increase will be those at Level 1 Step 1....others, there will be increase..but not 70%....it reduces as the level and steps advances

Correct

phantom:
If the minimum wage increases by 300% , that is from 30,000 to 90000, Just know that those at level 1 step 1 will get that 90000 naira.
I can't the formular now but when I calculated mime in 2019, it turned out that those at level 14 to 16 would expect a 15% rise in salary for every doubling of the minimum wage. For example, if im earning 300,000 at level 14 or 15, if minimum wage doubles from 30000 to 60000 for instance, my salary increases by 45,000 naira... those at level 11 to 13 will have maybe a 25% increase.., those at level 8 to 10 may have a 35% increase in their salary.. its only those at level 1 that will get 100% increase.

So in essence, for those at level 14 to 16, once minimum wage goes up from 30000 to 60000, their salary goes up by 15%... if minimum wage triples from 30000 to 90000, then their salary goes up by 30%.

So the percentage by which your salary goes up depends on your level. From 100% at level 1 to 15% at the highest levels.

you sabi....

but some salary structure like CONPSS no get level 11

adioolayi:


Not nonsense....one thing is clear...All FGN workers will get an increase in salary once minimum wage is increased.

It's private sector that can tell certain cadre of workers that they won't be able to increase their salary and there is nothing they can do about it

Stop arguing with ignorant people. That guy doesn't know anything about the federal civil service.

AmiableMosquito:
Please rest in Jesus Name.

No be you calculation, but let see how it goes

No, it doesn't work that way. The minimum wage is the lowest amount projected for the government and the private sector to pay an employee. If you're earning 300k, you're far above the minimum wage in Nigeria. The increment will not affect you.

WhiteNRed:
The minimum wage is in your basic salary.
The new difference is what will reflect in your salary.

If old MW is 30k and now increased to 65k, the increasement (35k) is what will reflect in your accnt. In may not even be upto that if they tax it.

Note that in your monthly basic salary, is the minimum wage + all payable allowances for the month, e. g Housing alloqance, transport allowance, feeding allowance etc.
All these put together with the minimum wage is your salary for the month.

Minimum wage and basic salary are two different things. Minimum wage is the lowest amount an employee can earn while your basic salary is part of other benefits that make up your CMS( consolidated monthly salary) which gives you your gross monthly salary.

Your basic salary and other benefits can make you earn above the minimum wage, depending on the employer and the agreement. Minimum wage is the least a person can earn.

Learning but some people are contradicting others.. Can a civil servant help us here please?

dreamxhaser:
Hello Guys!

I have been seeing a series of arguments regarding this minimum wage of a thing and I hope to get an insight from experts on something confusing me.

Will there be an increase in the salary of people currently earning above minimum wage?

Eg you currently earn 300k and the minimum wage is increased to 100k from 30k (about a 70% increase). Does that mean the person earning 300k will also get a 70% increase to 510k?

your mathematics is poor, an increase from 30k to 100k is around 230% not 70% you can see the gap difference right?

If you currently earn above the minimum wage, your paycheck after the new minimum wage will not really add up. If you earn N150k, I'm sure the new paycheck will not be up to N180

The audacity.

Chimarto:

Calculation of New Salary Based on Minimum Wage Increase

1. **Current Salary and Minimum Wage:*
- Current Salary: 105,000
- Old Minimum Wage: 30,000

2. *New Minimum Wage:*
- New Minimum Wage: 100,000

3. *Difference Between New and Old Minimum Wage:*
{Difference} = 100,000 - 30,000 = 70,000

4. *Percentage Difference Between Old and New Minimum Wage:*
{Percentage Difference} = {100,000 - 30,000}{30,000} \right) \times 100 = 233.33%


5. Calculate 233.33% of Current Salary:
{Amount} = \left( \frac{233.33}{100} \right) \times 105,000 = 244,996.50


6. New Salary Calculation:
{New Salary} = 105,000 + 244,996.50 = 349,996.50

New Salary: 349,996.50

Can you please provide a source to this misleading information before you are held responsible?

The less you know, the better!! The system is corrupt!!!!!!!!

The poster mathematics is very wrong and increase of minimum wage from 30,000 naira to 100,000 naira is over three times of the actual amount so it over 300%

Use similar triangles theory to calculate your new salary

For a simple understanding

Remove the current minimum wage from Your basic salary, what is left, add it to the new minimum wage. That's your new salary.

Eg.

Basic salary 70k
Current minimum wage 30k
New minimum wage 100k

70-30= 40
100+40 =140

Your new salary is now 140k.

SIMPLE

Chimarto:
For example
current salary =70,000
new minimum wage = 120,000
old minimum wage= 30,000

70,000 X 120,000 ÷30,000 = 280,000

Not true

AmiableMosquito:
E no rhyme at all. I arrived at 90k+ instead of the 62k or thereabout I started receiving after the consequential adjustment

2019 minimum wage was graded. It didn't apply across board.
Those who were earning below 30k were the ones who benefited most.

For instance, corp moved from 18k to 33k.

Your basic salary plus housing,transport, health and allowance

Depending on the calculator you are using to the the maths,😂😜😂😜.. scientific or just Kadio will not give you d same answer..😂🤣🙄., subject to my opinion tho..😂😜😂
.happy Friday

AmiableMosquito:
E no rhyme at all. I arrived at 90k+ instead of the 62k or thereabout I started receiving after the consequential adjustment

AmiableMosquito:
This is not only wrong but very misleading.

The guy dey play!

Day169:

But the consequential inflation, no be for here o!

Exactly reason we beg Labour to be wise in fighting for minimum wage with all efforts as if the effects on the workers can cure the inflation that will follow. Nigerians see it as a bigger addition, reason price of items goes up after minimum wage bill is ed but it's not.

I love most private sector, they add to salaries every January no matter how big or small based on the inflation rate declared. But government is every 5 years with serious noise and fights with confusion. They should make it every year increment.

dreamxhaser:
Hello Guys!

I have been seeing a series of arguments regarding this minimum wage of a thing and I hope to get an insight from experts on something confusing me.

Will there be an increase in the salary of people currently earning above minimum wage?

Eg you currently earn 300k and the minimum wage is increased to 100k from 30k (about a 70% increase). Does that mean the person earning 300k will also get a 70% increase to 510k?

@Embolden the increment isn't 70% but approximately 233%.

For you to not know that explains why you asked the question in the first place. It's good that you asked cos you never would have learned.
Now that's why it's good to ask questions.

Now to your question. They will be an increment for those earning higher as well. If not why would they be fighting for it? They could just overlook and let the poor and less earners perish. You think they would give a hoot if they won't be any benefits for them innit? Dey play

Minimum wage is the national matter at hand. Now, every bingo on Nairaland has become an expert on the scheme of payment.

AmiableMosquito:
What I know is that in 2019 when the MW was increased from 18000 to 30000, the consequential increase on my salary as a level 09 staff was just a little above 7000 (seven thousand naira).

More often than not, increment favours those on the lower cadre than the senior cadre

Chimarto:
For example
current salary =70,000
new minimum wage = 120,000
old minimum wage= 30,000

70,000 X 120,000 ÷30,000 = 280,000

.

NeckingNgulping:
No, it doesn't work that way. The minimum wage is the lowest amount projected for the government and the private sector to pay an employee. If you're earning 300k, you're far above the minimum wage in Nigeria. The increment will not affect you.

corpers would now be paid #70k..chai, I shouldn't have served and waited for this opportunity!

Beautifulday:


It can't cause inflation. We just like blowing grammar we don't know what it really means and how it work.

You just show small proof from the minimum wage of a thing. You see how that guy understood it? Different people have different understanding too.

How many people are really employed in the public sector? How much do Nigeria pay as salary per month?

With a population of 200 million, minimum way of 500k for 10 million workforce will be like a drop of water in an ocean.

If 200 million people are paid 100k per month in a population of 200 million country, it can't even cause inflation. This is because these 200 million are paid according to their labor. They can't just make a purchase. They factor their labor into their purchases.

You see, they purchase their needs most times more than their want.

What causes inflation is free money in circulation. E.g if a yahoo boy make 100k in a month, he is ready to burst that same 100k a day on what doesn't have value to him. Because his purchases doesn't have value to him, he is willing to pay more than it's value.

The consistent payment for goods and services above their value is what causes inflation.

The bolded is very important

though I'm in full of your latter submission, but I must deviate in that simple economics made us to understand that an increase in salary will directly increase the purchasing power of the people and further inflation. The inflation this time might not be as overblown by the political class, but there will be a slight increase in the price of commodities. This can be checked if the govt reduces the volume of money in circulation.

The politicians on the otherhand are the alpha and omega of inflation.

If they eventually increase the minimum wage, it is only the incoming and future NYSC that would enjoy it.

It would make ordinary workers to be interested in re-listing for NYSC.

[PUBLIC SERVICE RULES AND FINANCIAL REGULATION MADE IT EXPRESSLY CLEAR
FROM LEVEL 8 TO LEVEL 17
WHAT IS ADDED IS NOT MORE THAN 35% OF THE AGREED AMOUNT ACCEPTED AS THE MINIMUM WAGE

THE ONLY SET OF PEOPLE THAT ENJOYED IT FULLY IS LEVEL 4 AND ANY OTHER LEVEL THAT FALLS WITHIN SAME CATEGORY.
FOR EXAMPLE, #120.000 IS ACCEPTED AS THE NEW MINIMUM WAGE, CORPERS, WILL GET THE FULL SALARY INCREMENTS MEANWHILE, CLERICAL OFFICERS WILL GET A LITTLE REDUCED AMOUNT FROM THE #120.000 AND FOR SENIOR CIVIL SERVANTS, THAT IS FROM LEVEL 7 OR 8 UPWARDS, THEY WILL STRUGGLE BETWEEN 35% AND DOWNWARD...
SO AS YOU CAN SEE, THE ENTIRE EXERCISE IS ALL A MIRAGE BUT UNFORTUNATELY FEDERAL GOVERNMENT IS MAKING IT LOOK LIKE, THE ENTIRELY AGREED MINIMUM WAGE IS WHAT TO BE ADDED TO EVERYONE SALARIES... I STAND TO BE CORRECTED ANYWAY
I have been seeing a series of arguments regarding this minimum wage of a thing and I hope to get an insight from experts on something confusing me.

Will there be an increase in the salary of people currently earning above minimum wage?

Eg you currently earn 300k and the minimum wage is increased to 100k from 30k (about a 70% increase). Does that mean the person earning 300k will also get a 70% increase to 510k?[/quote]

That will be the job of the National Salaries Income and Wages Commission and it will depend on the Conolidated salary structure. The higher your Grade level, the lower the percentage increase. For example, in 2019, when the minimum wage was increased to 30K, the consequential adjustment for core civil servants ie Consolidated Public Service Salary Structure (CONPSS) was:
GL 07 -23.2 per cent, GL 08 -20 per cent, GL 09 – 19 per cent, GL 10 – 14 is 16 per cent, while GL 15-17 is 14 per cent