| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Galaxyowerri(m): 12:53pm On May 16, 2016 |
McTobe:
look at it from the other way round, what of if Adams is trying to use that new salary increment as a carrot to lure Edo voters to support his anointed candidate from APC who will come promising to sustain what the Governor have on ground. After winning the seat months after he can remove the new minimum wage or amend it afterall labour did not negotiate for it. Semantics, we are saying the same thing bro! |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Galaxyowerri(m): 12:58pm On May 16, 2016 |
McTobe:
just like when Jack Sparrow in Pyrate of the carribeans sayed "we will not steal the ship we will commandeer it"...lol...#they will not devalue the naira but will peg it at 285# Just imagine? well they are not different from pirates. |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Innomach(m): 1:05pm On May 16, 2016 |
DropShot:
This is good news if true.
I have said it before that deregulation of petrol business prevents Nigeria from making oil marketers billionaires with our scarce dollars. Increasing minimum wage will ensure that workers get the "subsidy" they were not getting from subsidized fuel. And once that is done, non-government workers will be able to get their own share from govt workers too.
I know you say inflation but we cannot avoid that natural situation with our current state of affairs. Impossible!
What happens to other millions that are not government employed? 1 Like |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by KINGinVAHALA: 1:09pm On May 16, 2016 |
Galaxyowerri:
You are just being emotional without tact. You can continue living in a fools paradise if you like but when the next administration comes & decide to reverse it I hope you wont cry fowl. Such happened here in Imo State before when a former governor at the twilight of his administration employed 10,000 workers only for Rochas to enter & cancel it. For God sake, whats this one saying?
We were talking about salary and you have deviated to employment.
Tell me where it has ever happened in Nigeria since 1999 that an administration in the twilight of it increased salaries and a new administration came and reduced it?
Salary isn't something you reduce even if the new government is same party with the former or not.
What you should have done was to asked question and I would have responded with an answer for you, but you didn't asked because you believed you know everything happening in all states of Nigeria.
This is the problem with majority nairalanders, we sit in our various homes in a state, come online and start telling those in other states what's happening in their various state.
I have come to noticed either you reside in owerri or you re from owerri, don't you think I would be so daft to sit my ass here in Benin and start telling you what is on ground in owerri just because I read it online? isn't that f@olishness on my part? That's exactly what you have done right now.
Do you know that this same man you called a midget has never for ones defaulted in paying salaries while other states whom are richer than Edo state re unable to pay? Do you know despite this, there re still massive development ongoing, mostly in road construction? or you want me to show you evidence?
See, if you allow others to devalue your state and your governor, that's your problem and not mine, I dont accept such on my state and governor.
If you don't know, oshiomole informed and discussed with all stakeholders involved before he increased it. And the next Governor, Godwin Obaseki, is even the head of oshiomole's Edo economic team, so the next governor also gave his assent and approval to it. I will advice you tell your governor to also increase your salary and stop been jealous of my state and my governor.
I'm done with you,
Thanks! 2 Likes |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Ochoiho: 1:11pm On May 16, 2016 |
What of workers in the Private Sectors. How will this increase be of benefit to them. They better think of something better. 1 Like |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by samokoduwa(m): 1:23pm On May 16, 2016 |
J olatade:
• Workers to reject downsizing of public work force
• Fuel scarcity persists despite price hike
• Naira may exchange for N283 to dollar
Three days to the threatened mass action against government’s increase in the price of petrol, indications emerged yesterday that the Federal Government would meet organised labour today in Abuja over the issue, dangling a carrot before labour leaders.
The Guardian learnt that at the meeting slated for 3:00 p.m. at the Federal Ministry of Labour and Employment, the Federal Government will be coming to the parley with the proposal for a new minimum wage that is fixed at N45, 000.But the increase comes with some provisos including reduction in the number of civil servants and merging ministries and agencies.
Indeed, the President of the Nigeria Labour Congress (NLC), Ayuba Wabba confirmed the scheduled meeting saying he got a text message inviting him and other labour leaders to the meeting.
A source in the Presidency told The Guardian that ministers had been told to lead the initiative on the downsizing.Also, the Efficiency Unit in the Federal Ministry of Finance, which is saddled with coming up with cost reduction strategies is working on the template for the reduction.
The Federal Government would also be relying on the report of the Steve Oronsaiye’s panel on the rationalisation of the civil service in the streamlining process.
It was also learnt that though government said it would not devalue the naira, it would indeed embark on what it termed ‘appropriate’ value of the national currency, which may be in the region of N283 to the dollar.
Meanwhile, fuel scarcity persisted in most of the major cities of the country yesterday despite hopes that petrol would be available since government at the last Federal Executive Council meeting raised the pump price of petrol to N145 per litre.Yet, some outlets are retailing for as high as between N150 and N175 per litre.
A visit to some areas in Lagos showed that most petrol stations were under lock and key, with only one or two selling the product for N145 per litre.
In a related development, the Arewa Defence League (ADL) has called on Nigerians to stand by the current administration over the recent increase in pump price of petrol, saying the increase is not meant to worsen the sufferings of the masses but aimed at ensuring availability and sustainability of the product.
But the NLC President, Ayuba Wabba, berated the government that promised to create jobs but was now tinkering with the idea of embarking on one of the most massive job losses Nigeria has every witnessed.
He added: “We cannot be talking about creating jobs and at the same time be talking about mass sacking of workers. This is a government that promised jobs and now, it wants to embark on mass sacking of workers. It is difficult to reconcile the two extreme ends. We will not accept any proposal for job cuts if put across to us.”
Wabba pointed out that the challenge of retrenching workers has always been that government at all levels has failed to make provision for payment of entitlements.
He explained: “Well, every employment has terms of agreement. Nobody can force any worker on an employer and no employer can insist a worker works for him. But very importantly is the fact that exit strategies must be in place for painless exit. The problem over the years has been that government disengages people without preparing for the payment of their gratuities and pension. I believe there are many employees that will be happy to leave today if all their entitlements are ready.”
While hinting that while the labour centre and their civil society allies are ready to come to the negotiation table, he explained that the issue at stake is far more germane than price increase.
He said: “I must say that the issues are beyond the price increase and dollar exchange rate. The issues are about the totality of the corruption that has characterised the downstream sector for many decades. Simply pegging the exchange at some N285 or so will not address the problem. It is a simple matter that if the demand outstrips the supply end, the price of the dollar will increase and Nigerians will continually pay for petrol. So, there would be no to price increments if the fundamentals are not discussed.”
Wabba said while labour is open-minded about all the issues, it will push for solving the challenges with timelines that would be respected.
“Just increasing the price is taking the easy way out. This is because, as the President and Dr. Kachikwu have observed in the past, what has held the downstream sector down is corruption especially as it concerns the landing costs. What government is trying to do now is transferring the burden to the Nigerian people. What government needs to do is to find the right mix to put an end to the quagmire.”
Long queues have remained at filling stations, including at the popular NNPC mega stations which offered Nigerians some respite before the increase.Black marketers were also in active business, with some selling at N350 per litre.
Besides, with the upward review of the Price of Premium Motor Spirit (PMS), otherwise known as petrol from N86.50 to maximum of N145 per litre (about $0.73), the cost of petrol in Nigeria is about the lowest in Africa and among some oil producing countries.
Data obtained from GlobalPetrolPrices, which was updated at the weekend, showed petrol in Chad costs $0.78 per litre; Togo, $0.80 per litre; Kenya, $0.81 per litre; South Africa, $0.84 a litre; $0.85 a litre; Niger, $0,90; Ghana, $0.92; Sierra Leone, $0.94; Uganda, $0.97 and Angola, $1.00 per litre.
Also, in Rwanda, Mali, Malawi, Guinea, a litre of petrol sells for $1.15, $1.15; $1.17; $1.17 respectively, which are far higher than the price in Nigeria.
Long queues have remained at filling stations, particularly at the popular NNPC mega stations which offered Nigerians some respite before the increase.Black marketers were also in active business, with some selling at N350 per litre.
Attendants at one of the filling stations along Oshodi -Apapa Expressway, Lagos told The Guardian yesterday the retail station had already run out of the commodity before the announcement of the new price regime.
Experts believed that the recent hike in the price of fuel would lead to hardship and have therefore urged government to initiate measures to ameliorate the effects on the economy.
A Head of the Department of Petroleum Engineering and the Deputy Director, Centre for Petroleum, Energy Economics & Law. Dr. Olugbenga Falode, told The Guardian that this is because whatever happens in the oil sector affects all other sectors of the economy and by implication, it affects the macro-economic policies of the country.
Also, a Professor of Technology Management, Obafemi Awolowo University, Ile-Ife, Francis Eniterai Ogbimi, said that mere adoption of deregulation and privatisation cannot build refineries and increase refining crude petroleum. Increased production is the solution to low supply, not the adoption of ideologies like capitalism deregulation, privatisation, liberalisation, socialism or communism, he said.
According to him, only seven per cent of the nations in the world practise full deregulation of the sale of petrol, adding that the United States does not practise full deregulation as the American government controls the price of petrol.
http://m.guardian.ng/news/govt-to-propose-n45000-wage-meets-labour-today/
I dnt see the comparing of price with other nation whereby we are over blessed with resources than them when it comes to oil. |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Rexyl(m): 1:37pm On May 16, 2016 |
seunmsg:
The N45,000 minimum wage will be a welcomed development. That's the only justification to increase pump price to N145. NLC and TUC should please accept this offer whether or not state governments are on board. States will gradually be brought in later, let's start with the federal government first.
In addition, labour should also ask for the immediate payment of all outstanding promotion arrears and 28 days allowance as a condition for accepting the new pump price. This will also go a long way in ameliorating the hardship that the new pump price will have on workers. When some states haven't even paid the minimum wage of the last 5 years. States should be forced to pay the new minimum for justice sake. Leaving states to do whatever they like with the workers will further widen the gap between federal and state workers. Some state governors are sturborn and wicked, they won't pay the minimum wage |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by grandstar(m): 1:45pm On May 16, 2016 |
What does a Professor of Technology Management know about fuel supply? Outright nonsense.
The governments' offer is too bold and inflationary.
30,000 maximum offer would have been okay with cull in the workforce. 1 Like |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by grandstar(m): 1:54pm On May 16, 2016 |
seunmsg:
The N45,000 minimum wage will be a welcomed development. That's the only justification to increase pump price to N145. NLC and TUC should please accept this offer whether or not state governments are on board. States will gradually be brought in later, let's start with the federal government first.
In addition, labour should also ask for the immediate payment of all outstanding promotion arrears and 28 days allowance as a condition for accepting the new pump price. This will also go a long way in ameliorating the hardship that the new pump price will have on workers. The government is borrowing to pay salaries at 18,000. Is it at 45,000 they won't borrow. It will be very inflationary and inflation will eat into any gains. A maximum of 30,000 would have been okay. 1 Like |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by DropShot: 1:54pm On May 16, 2016 |
Innomach:
What happens to other millions that are not government employed? I answered that in the post you quoted. |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by justmenoni: 2:07pm On May 16, 2016 |
Why can't government just print money and give each citizen about 5m only this one time then they can increase waeva |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Imyourex(m): 3:22pm On May 16, 2016 |
They should subsidize rice, if they want to do anything meaningful to an average Nigerian |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by Nobody: 4:41pm On May 16, 2016 |
The Labour Union should not accept it, that's a clear "the more you look the less you see" So after the merger of some ministries and parastatals, they re still inserciable in their greed to gather more from the yam barn. |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by poiZon: 5:05pm On May 16, 2016 |
seunmsg:
The N45,000 minimum wage will be a welcomed development. That's the only justification to increase pump price to N145. NLC and TUC should please accept this offer whether or not state governments are on board. States will gradually be brought in later, let's start with the federal government first.
In addition, labour should also ask for the immediate payment of all outstanding promotion arrears and 28 days allowance as a condition for accepting the new pump price. This will also go a long way in ameliorating the hardship that the new pump price will have on workers. una dey even consider people, graduates wey no dey earn salary? u said states can come onboard later, will the markets n filling stations in these states understand this? |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by almonrea(m): 8:34pm On May 16, 2016 |
olatade:
• Workers to reject downsizing of public work force
• Fuel scarcity persists despite price hike
• Naira may exchange for N283 to dollar
Three days to the threatened mass action against government’s increase in the price of petrol, indications emerged yesterday that the Federal Government would meet organised labour today in Abuja over the issue, dangling a carrot before labour leaders.
The Guardian learnt that at the meeting slated for 3:00 p.m. at the Federal Ministry of Labour and Employment, the Federal Government will be coming to the parley with the proposal for a new minimum wage that is fixed at N45, 000.But the increase comes with some provisos including reduction in the number of civil servants and merging ministries and agencies.
Indeed, the President of the Nigeria Labour Congress (NLC), Ayuba Wabba confirmed the scheduled meeting saying he got a text message inviting him and other labour leaders to the meeting.
A source in the Presidency told The Guardian that ministers had been told to lead the initiative on the downsizing.Also, the Efficiency Unit in the Federal Ministry of Finance, which is saddled with coming up with cost reduction strategies is working on the template for the reduction.
The Federal Government would also be relying on the report of the Steve Oronsaiye’s panel on the rationalisation of the civil service in the streamlining process.
It was also learnt that though government said it would not devalue the naira, it would indeed embark on what it termed ‘appropriate’ value of the national currency, which may be in the region of N283 to the dollar.
Meanwhile, fuel scarcity persisted in most of the major cities of the country yesterday despite hopes that petrol would be available since government at the last Federal Executive Council meeting raised the pump price of petrol to N145 per litre.Yet, some outlets are retailing for as high as between N150 and N175 per litre.
A visit to some areas in Lagos showed that most petrol stations were under lock and key, with only one or two selling the product for N145 per litre.
In a related development, the Arewa Defence League (ADL) has called on Nigerians to stand by the current administration over the recent increase in pump price of petrol, saying the increase is not meant to worsen the sufferings of the masses but aimed at ensuring availability and sustainability of the product.
But the NLC President, Ayuba Wabba, berated the government that promised to create jobs but was now tinkering with the idea of embarking on one of the most massive job losses Nigeria has every witnessed.
He added: “We cannot be talking about creating jobs and at the same time be talking about mass sacking of workers. This is a government that promised jobs and now, it wants to embark on mass sacking of workers. It is difficult to reconcile the two extreme ends. We will not accept any proposal for job cuts if put across to us.”
Wabba pointed out that the challenge of retrenching workers has always been that government at all levels has failed to make provision for payment of entitlements.
He explained: “Well, every employment has terms of agreement. Nobody can force any worker on an employer and no employer can insist a worker works for him. But very importantly is the fact that exit strategies must be in place for painless exit. The problem over the years has been that government disengages people without preparing for the payment of their gratuities and pension. I believe there are many employees that will be happy to leave today if all their entitlements are ready.”
While hinting that while the labour centre and their civil society allies are ready to come to the negotiation table, he explained that the issue at stake is far more germane than price increase.
He said: “I must say that the issues are beyond the price increase and dollar exchange rate. The issues are about the totality of the corruption that has characterised the downstream sector for many decades. Simply pegging the exchange at some N285 or so will not address the problem. It is a simple matter that if the demand outstrips the supply end, the price of the dollar will increase and Nigerians will continually pay for petrol. So, there would be no to price increments if the fundamentals are not discussed.”
Wabba said while labour is open-minded about all the issues, it will push for solving the challenges with timelines that would be respected.
“Just increasing the price is taking the easy way out. This is because, as the President and Dr. Kachikwu have observed in the past, what has held the downstream sector down is corruption especially as it concerns the landing costs. What government is trying to do now is transferring the burden to the Nigerian people. What government needs to do is to find the right mix to put an end to the quagmire.”
Long queues have remained at filling stations, including at the popular NNPC mega stations which offered Nigerians some respite before the increase.Black marketers were also in active business, with some selling at N350 per litre.
Besides, with the upward review of the Price of Premium Motor Spirit (PMS), otherwise known as petrol from N86.50 to maximum of N145 per litre (about $0.73), the cost of petrol in Nigeria is about the lowest in Africa and among some oil producing countries.
Data obtained from GlobalPetrolPrices, which was updated at the weekend, showed petrol in Chad costs $0.78 per litre; Togo, $0.80 per litre; Kenya, $0.81 per litre; South Africa, $0.84 a litre; $0.85 a litre; Niger, $0,90; Ghana, $0.92; Sierra Leone, $0.94; Uganda, $0.97 and Angola, $1.00 per litre.
Also, in Rwanda, Mali, Malawi, Guinea, a litre of petrol sells for $1.15, $1.15; $1.17; $1.17 respectively, which are far higher than the price in Nigeria.
Long queues have remained at filling stations, particularly at the popular NNPC mega stations which offered Nigerians some respite before the increase.Black marketers were also in active business, with some selling at N350 per litre.
Attendants at one of the filling stations along Oshodi -Apapa Expressway, Lagos told The Guardian yesterday the retail station had already run out of the commodity before the announcement of the new price regime.
Experts believed that the recent hike in the price of fuel would lead to hardship and have therefore urged government to initiate measures to ameliorate the effects on the economy.
A Head of the Department of Petroleum Engineering and the Deputy Director, Centre for Petroleum, Energy Economics & Law. Dr. Olugbenga Falode, told The Guardian that this is because whatever happens in the oil sector affects all other sectors of the economy and by implication, it affects the macro-economic policies of the country.
Also, a Professor of Technology Management, Obafemi Awolowo University, Ile-Ife, Francis Eniterai Ogbimi, said that mere adoption of deregulation and privatisation cannot build refineries and increase refining crude petroleum. Increased production is the solution to low supply, not the adoption of ideologies like capitalism deregulation, privatisation, liberalisation, socialism or communism, he said.
According to him, only seven per cent of the nations in the world practise full deregulation of the sale of petrol, adding that the United States does not practise full deregulation as the American government controls the price of petrol.
http://m.guardian.ng/news/govt-to-propose-n45000-wage-meets-labour-today/
They should tell us the cost of A litre in USA,Russia,Venezuela,Iran,Saudi,even Angola to Mention but a few. Its getting clearer this Government. Is just out to milk Nigerians. The so call power companies increased there tariff,the Government Kept mute,the so call govt told us the Official Xchange rate is 199/dollar but you and me knows the dollar sells for 320,the so call govt that promises better life for Nigerians,but have only succeeded in stealing every known joy from us,the govt that is promising to employ 200,000 thousands from 16 billion from deregulation and the other way,wants to reduce the Federal service just because they want to raise the minimum wage to $153 a month. |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by almonrea(m): 8:39pm On May 16, 2016 |
olatade:
• Workers to reject downsizing of public work force
• Fuel scarcity persists despite price hike
• Naira may exchange for N283 to dollar
Three days to the threatened mass action against government’s increase in the price of petrol, indications emerged yesterday that the Federal Government would meet organised labour today in Abuja over the issue, dangling a carrot before labour leaders.
The Guardian learnt that at the meeting slated for 3:00 p.m. at the Federal Ministry of Labour and Employment, the Federal Government will be coming to the parley with the proposal for a new minimum wage that is fixed at N45, 000.But the increase comes with some provisos including reduction in the number of civil servants and merging ministries and agencies.
Indeed, the President of the Nigeria Labour Congress (NLC), Ayuba Wabba confirmed the scheduled meeting saying he got a text message inviting him and other labour leaders to the meeting.
A source in the Presidency told The Guardian that ministers had been told to lead the initiative on the downsizing.Also, the Efficiency Unit in the Federal Ministry of Finance, which is saddled with coming up with cost reduction strategies is working on the template for the reduction.
The Federal Government would also be relying on the report of the Steve Oronsaiye’s panel on the rationalisation of the civil service in the streamlining process.
It was also learnt that though government said it would not devalue the naira, it would indeed embark on what it termed ‘appropriate’ value of the national currency, which may be in the region of N283 to the dollar.
Meanwhile, fuel scarcity persisted in most of the major cities of the country yesterday despite hopes that petrol would be available since government at the last Federal Executive Council meeting raised the pump price of petrol to N145 per litre.Yet, some outlets are retailing for as high as between N150 and N175 per litre.
A visit to some areas in Lagos showed that most petrol stations were under lock and key, with only one or two selling the product for N145 per litre.
In a related development, the Arewa Defence League (ADL) has called on Nigerians to stand by the current administration over the recent increase in pump price of petrol, saying the increase is not meant to worsen the sufferings of the masses but aimed at ensuring availability and sustainability of the product.
But the NLC President, Ayuba Wabba, berated the government that promised to create jobs but was now tinkering with the idea of embarking on one of the most massive job losses Nigeria has every witnessed.
He added: “We cannot be talking about creating jobs and at the same time be talking about mass sacking of workers. This is a government that promised jobs and now, it wants to embark on mass sacking of workers. It is difficult to reconcile the two extreme ends. We will not accept any proposal for job cuts if put across to us.”
Wabba pointed out that the challenge of retrenching workers has always been that government at all levels has failed to make provision for payment of entitlements.
He explained: “Well, every employment has terms of agreement. Nobody can force any worker on an employer and no employer can insist a worker works for him. But very importantly is the fact that exit strategies must be in place for painless exit. The problem over the years has been that government disengages people without preparing for the payment of their gratuities and pension. I believe there are many employees that will be happy to leave today if all their entitlements are ready.”
While hinting that while the labour centre and their civil society allies are ready to come to the negotiation table, he explained that the issue at stake is far more germane than price increase.
He said: “I must say that the issues are beyond the price increase and dollar exchange rate. The issues are about the totality of the corruption that has characterised the downstream sector for many decades. Simply pegging the exchange at some N285 or so will not address the problem. It is a simple matter that if the demand outstrips the supply end, the price of the dollar will increase and Nigerians will continually pay for petrol. So, there would be no to price increments if the fundamentals are not discussed.”
Wabba said while labour is open-minded about all the issues, it will push for solving the challenges with timelines that would be respected.
“Just increasing the price is taking the easy way out. This is because, as the President and Dr. Kachikwu have observed in the past, what has held the downstream sector down is corruption especially as it concerns the landing costs. What government is trying to do now is transferring the burden to the Nigerian people. What government needs to do is to find the right mix to put an end to the quagmire.”
Long queues have remained at filling stations, including at the popular NNPC mega stations which offered Nigerians some respite before the increase.Black marketers were also in active business, with some selling at N350 per litre.
Besides, with the upward review of the Price of Premium Motor Spirit (PMS), otherwise known as petrol from N86.50 to maximum of N145 per litre (about $0.73), the cost of petrol in Nigeria is about the lowest in Africa and among some oil producing countries.
Data obtained from GlobalPetrolPrices, which was updated at the weekend, showed petrol in Chad costs $0.78 per litre; Togo, $0.80 per litre; Kenya, $0.81 per litre; South Africa, $0.84 a litre; $0.85 a litre; Niger, $0,90; Ghana, $0.92; Sierra Leone, $0.94; Uganda, $0.97 and Angola, $1.00 per litre.
Also, in Rwanda, Mali, Malawi, Guinea, a litre of petrol sells for $1.15, $1.15; $1.17; $1.17 respectively, which are far higher than the price in Nigeria.
Long queues have remained at filling stations, particularly at the popular NNPC mega stations which offered Nigerians some respite before the increase.Black marketers were also in active business, with some selling at N350 per litre.
Attendants at one of the filling stations along Oshodi -Apapa Expressway, Lagos told The Guardian yesterday the retail station had already run out of the commodity before the announcement of the new price regime.
Experts believed that the recent hike in the price of fuel would lead to hardship and have therefore urged government to initiate measures to ameliorate the effects on the economy.
A Head of the Department of Petroleum Engineering and the Deputy Director, Centre for Petroleum, Energy Economics & Law. Dr. Olugbenga Falode, told The Guardian that this is because whatever happens in the oil sector affects all other sectors of the economy and by implication, it affects the macro-economic policies of the country.
Also, a Professor of Technology Management, Obafemi Awolowo University, Ile-Ife, Francis Eniterai Ogbimi, said that mere adoption of deregulation and privatisation cannot build refineries and increase refining crude petroleum. Increased production is the solution to low supply, not the adoption of ideologies like capitalism deregulation, privatisation, liberalisation, socialism or communism, he said.
According to him, only seven per cent of the nations in the world practise full deregulation of the sale of petrol, adding that the United States does not practise full deregulation as the American government controls the price of petrol.
http://m.guardian.ng/news/govt-to-propose-n45000-wage-meets-labour-today/
They should tell us the cost of A litre in USA,Russia,Venezuela,Iran,Saudi,even Angola to Mention but a few. Its getting clearer this Government. Is just out to milk Nigerians. The so call power companies increased there tariff,the Government Kept mute,the so call govt told us the Official Xchange rate is 199/dollar but you and me knows the dollar sells for 320,the so call govt that promises better life for Nigerians,but have only succeeded in stealing every known joy from us,the govt that is promising to employ 200,000 thousands from 16 billion from deregulation and the other way,wants to reduce the Federal service just because they want to raise the minimum wage to $153 a month. Let everyone Clap because they are going to pay the Poorest Nigeria less than 16 dollars a month |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by kabman: 6:42am On May 17, 2016 |
Unavoidable move.it was just a matter of which comes first,controlled deregulatuon or restructuring the civil service to save govt from purchasing more debts and invest in infrastructure and other social programs |
| Re: FG To Propose N45,000 Minimum Wage, Meets Labour Today by tola9ja: 8:16pm On May 17, 2016 |
DaBullIT:
All those of you shouting inflation up and down
whot duyu know ?
I for one know that FG won't just agree to 45k MW just like that , so if your hopes are high, keep them down
I also know NLC will not go on prolonged strikes because they too understand what's happening, they are just trying to save face
What i am confident however that even if FG agrees and pays 70k MW , it wouldn't solve the problems we have in Nigeria
I think the first thing to do , the only way to ensure this won't backfire is to introduce any policy that'll provide goods and services to ensure there's more goods than demand
For example, before closing up borders, encourage massive importation of food stuffs until we are able to produce enough in the country , at this rate , when these sellers hear increase in salary , they'll double prices of goods too, but if there's excess goods, that won't be the case
My one penny 
|
