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.

Emir Of Shonga     Moshood Mustapha     Adam Abdullahi Al-Ilory     Abiodun Abdulkareem     Wahab Kunle Shittu     Oke-Oyi     Facemasks     Kwara State Coalition Of Business And Professional Associations     Oloye     Omu Aran     Noah Yusuf     Oladimeji Thompson     Kazeem Oladepo     Onilupeju Of Ilupeju     Rafiu Olasile     Mohammed Ghali Alaaya     Sola Saraki Educational Foundation     Ahmed Bayero     George Innih     Ishaq Oloyede     Onilorin Of Ilorin     Olohungbebe     Village Alive Development Association     Ibrahim Abdulkadir Abikan     Garba Dogo     Falokun-Oja     PAACO-PCL Consortium     Mutawali Of Ilorin     Olomu Of Omu-Aran     Yusuf Amuda Aluko     Hajj     Olatunji Moronfoye     Shehu Alimi Foundation     Lanre Olosunde     Yunus Oniboki     Mutawalle     Sunday Popo-Ola     Marufat Oladosu     Abiodun Musa Aibinu     Aremu Odolaye     Oloruntoyosi Thomas     Hauwa Nuru     Segun Ogunsola     Michael Nzekwe     Paul Olawoore     Standard Organization Of Nigeria     Abubakar Suleiman     HICA     Yoonus Lawal     Muritala Awodun     Curfew     Micheal Imodu-Ganmo Road     Ajakaye     Jimoh Olusola Imam     Binta Abubakar Mora     Samuel Adedoyin     SSA Youth     Abdulrazaq Aiyelabegan     Zulkifli Ibraheem     Raymond Olaitan     Kwara State Infrastructure Development Fund     Gbadeyan Gbadura Yomi     Isin     Amoyo     Abdulkadir Akanbi-Oke     Ubandoma     Sunset Workers     Yahaya Muhammad     Kulende-UITH     Kunle Suleiman     COVID     Kola Shittu     Radio Kwara     Samari     Okin Biscuit     Owo Arugbo     Damilola Yusuf    

Cloud Tag: What's trending

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

Ike Ekweremadu     Student Learning Support Helpline     Sabo-Oke     Aminat Ahmed     Kayode Laro     Ubandawaki     FOMWAN     Yusuf Amuda Aluko     Olohungbebe     AbdulRazaq Jiddah     Chikanda     Adijat Adebiyi     Ilorin     Bello Taoheed Abubakar     Mahmud Babatunde Baker     Ibrahim Issa Jetti     Stephen Fasakin     Moronfoye     Centre For Peace And Strategic Studies     Kwara State Geographic Information Service     Orisa Bridge     Aisha Gobir     National Party Of Nigeria     Shuaibu Yaman Abdullahi     Obayomi Azeez     Joseph Yemi Ajayi     Ogbondoroko     Osinbajo     Rasaq Jimoh     Olatunji Ibrahim     Ahmad Olayiwola Kamaldeen     Bola Sagaya     Risikat Lawal     Monthly Sanitation Exercise     Najim Yaasin     Olosi Of Osi     Baboko Primary School     Mahmud Durosinlohun Atiku     Fatimoh Lawal     Kunle Okeowo     Abdulganiyu AbdulAzeez     Lai Gobir     IQRA College     Mohammed Haruna     Sulyman Age AbdulKareem     Kwara University Of Education     Idiagbon     Gbemi Saraki     Maryam Ado Bayero     Olaoye B. Felix     Funmilayo Braithwaite     Joseph Offorjama     Saka Keji     Oyun     Sunday Otokiti     Basic Education Certificate Examination     Ilesha Gwanara Road     Adebayo Salami     AbdulHamid Adi     Ali Ahmad     Sa\'adatu Modibbo-Kawu     Yusuf Arowosaye     Issa Oloruntogun     NIPR     Iqra Books     Halimat Yusuf     AbdulRazaq Abubakar Jiddah     Umar Saro     Olayinka Oladapo Jogunola     Oyawoye     Harmony Holdings     Tescom.kwarastate.gov.ng     Wahab Egbewole     CCT     Abraysports FC     Alore     Jide Oyinloye