New FG Salary Scale for All Workers 2021…
Last year, the Federal Government (FG) agreed to a salary scale for all workers that will come into effect in 2020. This new salary scale for all Nigerian workers is as a result of protracted negotiation with the organized labour, which led to a resolution.
This article will give more information on the new salary scale fixed by FG and how it will affect Nigerian workers in 2021.
Firstly, a salary scale is a scale that displays the salary rate of all workers in Nigeria at different levels in ministries, civil service, and private organizations.
The Nigerian salary scale also shows a salary increase when there is a promotion or salary raise. In Nigeria, the FG is responsible for the salary scale for all workers through the National Salaries, Incomes and Wages Commission [NSIWC].
New FG Salary Scale for All Workers
The FG, through the National Salaries, Incomes and Wages Commission (NSIWC), has begun to implement a new salary scale that will take effect in early 2020.
That is due to the release of the new minimum wage which reveals that workers who are recruited into the Nigerian civil service in Grade Level 01 step 1, are expected to earn a minimum of 360,000 Naira as a yearly salary.
In contrast, those at the zenith of the Nigerian public service will receive a minimum of 6, 215, 435 Naira as a yearly salary.
The analysis shows that workers in Grade Level 04 Step 1 earn nothing less than 36, 000 Naira per month. In contrast, the workers at the pinnacle of the Nigerian civil service will cart home over 500,000 Naira monthly as monthly salary.
Workers that are on GL 1, S 15 are going to be paid 422, 566 Naira as yearly salary and 35,000 Naira as monthly income. The New FG Salary Scale for All Workers also reveals that GL 5 S 15 will earn 534, 834 Naira as yearly pay and 44,500 per month as salary.
Workers on GL 7, S 1 will take home 638, 133 Naira as yearly salary while workers on GL 7, S5 will be paid 961, 577 Naira as an annual salary.
Workers on GL 10 S 1 will take home 1,060,833 Naira yearly, and workers on GL 10 S 15 will have a yearly salary of 1, 535,417 Naira.
Further details reveal that GL 14 S 14 will take home N1, 503,149 as yearly salary and GL 17 S 9 will earn as high as 6,215,435 Naira as an annual salary.
Why the New FG Salary Scale?
- Nigerian workers are getting poorer. The New FG Salary Scale will improve the living standard.
- The erstwhile FG Salary scale that pegged minimum wage at 20,000 Naira was not in tune with the increase in goods and services or inflation.
- Nigerian workers will spend more, and it will, in turn, boost the economy
- It will reduce income gaps and inequality.
- It will generate more revenue for the FG through taxation.
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