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.

Okin High School     Maja     Olosi Of Osi     Maigida Soludero Transit     Samuel Olusegun Adedayo     New Naira Notes     Trader Moni     Boko Haram     Omupo     Adewuyi Funmilayo     Yusuf Babatunde Abdulwahab     Markaz Arabic And Islamic Training Institute, Agege     Ishaq Oloyede     Park     Majlis For Sadakah, Zakat And Waqf     Ola Falade     KWASAA     Offa     Saeedat Aliyu     Ahmed Bolaji Nagode     Siraj Oyewale     Abdulfatah Ahmed     Solomon Edojah     Kisra     Mufutau Olatinwo     Folorunsho Erubu     Funmi Salau     Isau     Dagbalodo     Apado     Toyin Falola     Rex Olawoye     Doyin Group     Ethical College     Illyasu Abdullahi     Babatunde Ajeigbe     Apaokagi     Abioye Bello     Wahab Abayawo     Bolakale Kawu     Arik     Egbejila     Idiagbon     Millennium Development Goals     Adeleke Ogungbe     Gobirawa     Idi-Ape     Mutawalle     Rachael Obisesan     Saheed Alakoso     Amos Justus Sayo     Bola Sagaya     EFCC     Bello John Olanrewaju     Zulkifli Ibraheem     Omotosho     Sulu Babaita Isiaka     Kwasu     Yakub Lai Gobir     Gamji Members Association     Okin Biscuit     Olomu Of Omu-Aran     Haashim Initiative For Community Advancement     Ilorin East     Yusuf Ibitokun Sherifat     George Innih     Yemi Osinbajo     Harafat E. Mukadam     T And K FOODS     Aso-ofi     Kolade Solagberu     Aliyu Alhassan     Oko-Olowo     Dan Iya Of Ilorin     Oye Tinuoye     Iponrin     Kale Bayero    

Cloud Tag: What's trending

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

Ibrahim Bio     Kayode Ogunlowo     Ajase-Ipo     Kwara State Television (KWTV)     Wahab Femi Agbaje     Chemiroy Nigeria Limited     Marufat Oladosu     Maryam Nurudeen     Mohammed Lawal     Muhammad Mustapha Suleiman     Esinniobiwa Quareeb     General Tunde Idiagbon International Airport Ilorin     CCEPE     Arinola Fatimoh Lawal     Jamila Bio Ibrahim     Biliaminu Aliu     Bashirat Bola Bello     Bolakale Saka     Femi Gbajabiamila     Ibrahim Abdulqadir Abikan     Justina Oha     AbdulRasaq Abdulmajeed Alaro     Medview Airlines     Popo-Igbonna     Mahmud Babatunde Baker     Tope Daramola     Ilesha-Baruba     SWAN     Mansurat Amuda-Kannike     Daud Adeshola     Emir Of Shonga     Yusuf Abdulwahab     Joshua Adeyemi Adimula     Yahaya Dumoye     Fatima Abolore Jimoh     Ayotunde Emmanuel Alao     Transition Implementation Committee     Ajuloopin     National Party Of Nigeria     MAI Akande     ITEM 7     Suleiman Rotimi Iliasu     SAPZ Project     Saadu Gbogbo Iwe     Abdulwahab Olarewaju Issa     Lanre Issa Onilu     Gafaru Olayiwola Olorisade     Adamu Jemilat-Baki     Post-utme     Egbejila     Rotimi Atere     Saka Saadu     Moronfoye     Ilorin Emirate Stakeholders Forum     Bolakale Ayo     Raliat Elelu-Habeeb     Mutawali Of Ilorin     Tinubu Legacy Forum     Ayinde Oyepitan     John Olobayo     Hussein Olokooba     Read With Me     A.O. Belgore     Kulende-UITH     Chief Imam Of Ilorin     Susan Modupe Oluwole     Yakubu Mohammed Abdullahi     Computer Based Test     Edret Sabi Abel     Abdulrazaq Solihudeen     Sulyman Abdulkareem     Abdulraheem Olesin     AbdulRauf Keji     Oke-Ode     Dunmade     Oladimeji Thompson     Saka Abimbola Isau