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towards workers’ victory in Oyo state (2nd SWL leaflet)

CAN OYO STATE GOVERNMENT PAY N 18000 NATIONAL MINIMUM WAGE?

 

Whether the Oyo State Government can pay the National Minimum Wage of N18, 000 is a question of fact, based on the revenue sources and financial strength of the government, compared to other States.

Below is the list of revenue sources and amounts Oyo State Government received in March 2012 alone.

 

SN

CATEGORIES OF FUNDS

     

TOTALS FG

& STATES

N

OYO STATE

$

OYO STATE          NAIRA

@ $1:N150

OSUN STATE

   N

1.

Excess Crude Oil

150,000,000,000

14.5 Million

2,100,000,000

1,715,131,770

2

NNPC REFUND

7,600,000,000

_______

233,222,023.99

191,192,855.88

3

Federal allocation A/c (FAAC)

834,000,000,000

————-

7,380,103,860

5845,843,257

4.

Internally Generated Revenue (IGR)

 

 

1,100,000,000

 

Sources: 1. http://economiconfidential.net/new/financial/facts-a-figures

2. http://economiconfidential.net/new/financial/facts-a-figures

3. http://economiconfidential.net/new/financial/facts-a-figures

4. The Guardian, March 27,2012.

Figures do not lie!

Contrary to the claim of the Oyo State government that is total monthly income is N4.6billion Naira, (Comprising allocation from the Federal Government N3.5 Billion and Internally Generated Revenue (N1.1Billion Naira), from the table above, the total income for the month of March 2012 is N10.7 Billion Naira, derived as follows:

1.     Excess crude oil              –       N2.1 Billion (i.e $14million @ N150 =   $1).

2.     NNPC Refund         –       N233, 222,023.99 (N233.222m)

3.     Federation A/c Allocation-    N7.38 Billion.

4.     IGR                                 –       N1.1 Billion

The total amount for March is N10, 713,325,883.99

The following facts should also be noted:

1.     Oyo State is the 8th highest state in terms of allocation from the federal government

2.     Other States in the South- West are already paying the statutory National Minimum Wage.

3.     The total workforce of Oyo State, according to the just concluded Biometric

        capture is 26,006 workers.

Support the just struggle of the Oyo State Workers for the payment of the statutory National Minimum Wage of N18, 000

 

Workers should not allow their ranks to be broken by divisive tactics and strategy of the State Government

Dare to fight! Dare to win!!

 

Thursday, 12 April, 2012

About socialistworkersbulletin

a bi-weekly publication of the Socialist Workers League, in the traditions of International Socialism. we stand for revolution from below! and our call is: workers & youths! unite & fight!

Discussion

One thought on “towards workers’ victory in Oyo state (2nd SWL leaflet)

  1. The oyo state can meet up with 18,000 minimum wage,but ít depend on rulling.

    Posted by Musbau oluomo | May 1, 2012, 11:02 pm

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