Economist advocates review of salary structure
A micro-economist and life member of Nigeria Economic Society, Sir Ayodele Oyinloye, has called for a complete review of the nation's salary structure for workers.
He made the call in llorin on Sunday while speaking with newsmen in Ilorin. The economist described the present salary structure as faulty.
Oyinloye noted that some states received billions of Naira from federal allocation while others find it extremely difficult to even pay salary or implement the N18,000 minimum wage.
He said leaders and politicians should make sacrifices by cutting down their take home pay and allowances, the Federal Government should be able to pay an average Nigerian worker N30,000 as minimum wage.
Oyinloye said he does not subscribe to uniformity in the payment of salaries across board but rather, every state should be allowed to determine and pay their workers salaries in line with their financial capabilities.
The expert recommended for a review of the country's tax laws to raise funds for national development, observing that only salary earners bear the burden of taxes.
He also noted that many business people or commercial outfits do not pay tax as they ought to He said that any reform introduced by government to ensure compliance is welcome.
The macro-economist, who is the pioneer Kwara State Chairman of Nigeria Union o Teachers (NUT), also suggested that no nation can develop above it's educational level.
Besides, Oyinloye urged the Federal Government to invest more in education for research and equipment.
He advised teachers to be more dedicated to their duties in order to have qualitative education.
On corruption, Oyinloye rejected capital punishment for those found guilty of all corrupt acts and recommended jail after recovery of looted funds and [property to serve as deterrence.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Balogun Ajikobi Revenue Court Joseph Alex Offorjama Ilorin West/Asa Federal Constituency Oniye Jare Olatundun Abdulrahman Abdulrasaq Kehinde Boyede Abdullahi Adisa Akodudu Mutawali Fatimah Abdulkadir Ogbondoroko Ilorin Likeminds Foundation Elections Adewuyi Funmilayo Bola Iyabo Ibiyeye Adisa Abdullahi Saadudeen Alikinla Umaru Saro Mope Dasuki Belgore International Public Sector Accounting Standards AbdulRazaq AbduMajeed Alaro Oye Tinuoye Folorunsho Erubu Centre For Digital Economy Nnazua Wahab Kunle Shittu Abubakar Abdulraheem Oba Abdulraheem Abubakar Olusola Saraki Edret Sabi Abel Okin Biscuits Fatai Adeniyi Garba Universal Basic Education Commission Alaro Mamatu Abdullahi Rotimi Samuel Olujide Jalala Kwara 2019 Olupako Sobi Specialist Hospital Iyaloja-General Balogin Alanamu Charcoal Okasanmi Ajayi Tanke Flyover Bridge Sardauna Of Ilorin Adesina Simon Sodiya Ojuekun Sarumi Saliu Tunde Bello Bank Of Industry Idris Garuba Oba Of Jebba Taofik Abdulkareem Babaita SGBN Ibrahim Abdulkadir Abikan Olayinka Are Old Oyo Mansurat Amuda-Kannike Mohammed Halidu Isiaka Saka Opobiyi Haashim Initiative For Community Advancement AGF Abdulrazaq Ibrahim Oniye Anilelerin Ilorin Descendants Progressive Union Omu-aran Kale Ayo Kwara State Council Of Chiefs Bilikis Oladimeji Zaratu Umar Abubakar Imam Adam Abdullahi Al-Ilory Oloyede Otoge Abdulhakeem Amao Yusuf Mubarak Bisi Kristien

