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.
Raimi Iyanda Saad Omo Iya Abubakar B.M Abdulsalam Firdaous Amosa Simon Sayomi Omoniyi M. Ayinla Soffiyyallah Kamaldeen The Herald Emmanuel Bello Akande Idowu Ayoola Muhammed Aisha Ahman-Pategi Babaita Kayode Oyin-Zubair Salihu Yahaya Ilesha Gwanara Road Ella Supreme Tissue Paper NNPP Tunde Kazeem Issa Baba Kemi Adeosun Muslim Stakeholders Of Kwara State Gurei Ndakene Oke-Kura High Court SUBEB Isapa Riskat Opakunle LABTOP Binta Sulyman Durosinlohun Atiku COEASU Alabere Olokoba Sulyman Kwarareports Maryam A. Garuba Owo Isowo Emir Of Shonga Farouk Salim Isaac Aderemi Kolawole Bola Olukoju Ganmo Power Sub-Station Kwara Primary Health Care Development Agency Kayode Yusuf Col. Taiwo Senior Ibrahim Suleiman Iyabo Dupe Adekeye Modupe Oluwole Babatunde Idiagbon Afetu Of Alabe Gbemisola Saraki Malete Yusuf AbdulRasheed Yahaya Abdulkareem Babaita Valsolar Consortium Salami Adekunle Abdulrazaq Adebayo UTME Ifelodun Muftau Akanbi Oke Yusuf Arowosaye AGILE Programme Akanji Stephen Fasakin Owu Fall Salihu Alhaji Musa Yusuf Amuda Gobir Alao Ayotunde Bolaji Nagode Bola Sagaya Samuel Elizabeth Keatswa Muhammed Taofeeq Abdulrazaq National Information Technology Development Agency 07039448763 A.E. Afolabi Kulende JMK Construction Company Limited