Economist advocates review of salary structure

Date: 2015-12-28

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.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Omoniyi M. Ayinla     Ibikunle Ogunleye     MalHub     Ayinde Oyepitan     Kuliyan Geri     David Adesina     Baboko Primary School     Kehinde Boyede     LABTOP     All Peoples Party     Asa     Sulyman Atolagbe Alege     Kayode Issa     Olohungbebe     Lanwa     Government House     Belgore     Makama     Laduba     Akume     Sidikat Alaya     Olatunji Moronfoye     Olukotun Of Ikotun     Veterinary Teaching Hospital     Seun Bolaji     Maryam Nurudeen     Sambo Murtala     Manzuma     11th Galadima     Shao     Ilesha-Gwanara     Muslim Cementary     Mubarak Oladosu     Bello John Olanrewaju     Rafiu Olasile     Quranic Recitation Competition     SAPZ Project     Mumini Ishola Hanafi     Mansurat Amuda-Kannike     Fareedah Dankaka     Radio SBS     Isiaka Rafiu Mope     Bola Sagaya     Ilorin Anchor Men And Women     Kwara State Branch Of The National Library     Isiaka Abdulrazak     School Of Nursing     Omotosho     Ahman Pategi University     Kamaldeen Kehinde     Shola Odetundun     Aliyu Umar     Rasaq Jimoh     Kamaldeen Gambari     Sabi     Awodun     Atunwa     Moremi High School     Gbugbu     Ishola Moses Abiodun     Yahaya A Paniyaro     IDPU     Mohammed Lawal Bagega     Jumoke F. Ajao     Imam Gambari     Ilorin South     Binta Abubakar-Mora     Markaz Arabic And Islamic Training Institute, Agege     Majlis For Sadakah, Zakat And Waqf     Cassava Growers\' Association     Moses Afolayan     Ibrahim Bio     Abdulfatai Baakini     Abubakar Kawu Baraje     NSCIA     Nagode     JAMB    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Yusuf Zulu-Gambari     Saeedat Aliyu     Noah Yusuf     Salaudeen Oyewale     March 18     SSA Youth Engagement     Gaa Olobi     Tunde Kazeem     Adolescent Girls Initiative For Learning And Empowerment     Oye Tinuoye     Olaoye B. Felix     IFK     Sa\'adatu Modibbo-Kawu     Abdulazeez Arowona     Budo-Egba     Muhammad Ghali Alaaya     Dumagi     Wale Oladepo     Kwara State Internal Revenue Service     Oyin-Zubair     David Oyepinola Adedumoye     Arinola Lawal     CACOVID Palliatives     Bature Bello     Salake     Taofik Abiodun Ahmed     Apaokagi     Eleyele     Akeem Lawal     Moses Adekanye     Gbadeyan Gbadura Yomi     Kwara State Branch Of The National Library     Kola Shittu     KWASEIC     Kwara State Television (KWTV)     Stephen Fasakin     Osinbajo     Imam Gambari     Mahmud Ajeigbe     Esinrogunjo     Shagari     Kayode Oyin Zubair     Shonga Farm Project     Lawal Arinola Kudirat     Chemiroy Nigeria Limited     Curfew     11th Galadima     Dar-Al-Handasah Consultants     Abdulrahman Iliasu     Lithium Deposit     Baba Issa Awoye     REO CAKES     Zulu Gambari     Senate President     Salman Alada     General Hospital, Ilorin     Bilikisu Gambari     Kupchi Hosea Maxwell     KWASAA     Haleeman Salman     AbdulFatai Adeniyi Dan-Kazeem     Tafida Of Kaiama     Idris Garba     Rafiu Ajakaye     Sa\'adu Salahu     Folajimi Aleshinloye     Adewuyi Funmilayo     Eghe Igbinehi     Oluwatoyin Lukman     Clara Nwachukwu     Raymond Olaitan     Funmilayo Zubair     Saka Balikis Kehinde     Gwanara     Allocation     Mamman Saba Jibril     Khadijat Ayoola Yusuf