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Why =N=100,000 Minimum Wage Is Very Possible. - Politics - Nairaland

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Atiku Approves N33,000 Minimum Wage For All 100,000 Staff On His Payroll / FG Agrees To Pay N30,000 Minimum Wage As NLC Suspends Nationwide Strike / FG Proposes N24,000 Minimum Wage; States N20,000; NLC Wants N30,000 (2) (3) (4)

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Why =N=100,000 Minimum Wage Is Very Possible. by millomaniac: 2:56pm On Oct 12, 2018
my thoughts on why i think the =N=100,000 minimum wage is very possible for atleast federal civil servants.
First we all you have to snap out of the deceit and brainwashing of these politicians that there is no money, infact there is so much money you can find it anywhere you go in this country, under the pillow, in uninhabited flats, in a store built and money packed liked containers of goods with ac installed to keep it chilled, in the sink, snakes are swallowing them, in the soak-away, some are just simply dissapearing. i can go on and on and on.
The major reason the nigerian government gives why workers wage cant be increased is because their is no money *laughs out loud* now if you believe this then no offense but you lack common sense. let me just list some very few documented!! findings that i can remember that is enough to pay the 100k minimum wage for straight 37 years, whistle blowing alone has recovered =N=9.2 billion and over $151 million. obasanjo recovered $505 million, few days ago the house of reps discovered =N=21 billion and $104 million undeclared revenue in 2 separate accounts, alhaji lai mohammed himself said =N=78 billion and $9 billion has been recovered in stolen loot so far in the present administration.

Now these are just some few off the top of my head(that translates to =N=3.955 trillion divided by the 89,000 federal civil servants is =N=44.4 million each which will pay 100k minimum wage for atleast 37 years shocked). my people the problem with nigeria is that there is never going to be enough money for the greedy to steal, what you have to understand is there is no way you can run an effective civil service with people being paid $46 a month, there in lies one of the sources of corruption.
do you know since 1999 the national assembly as a whole has increased their salaries by over 5000% undecided. do you know each of the 109 senators goes home with no less than =N=13.5 million a month Plus 200 million for constituency projects not to talk about their 360 counterparts in the house of reps?, do you know that the national assembly budget for 2017 was $393 million? do you know that this buhari federal government spends =N=774 million every blessed day on petrol subsidy? do you know that our economy is bigger than that of south africa? south africa minimum wage is 3.5k rand that is equivalent to 100k and According to Statistics South Africa its June 2014 Quarterly Employment Statistics (QES) survey, there were 455,701 national government employees, now compare that to the nigerian federal civil service which currently roughly have about 89,500 workers, meanwhile the 2018 budget pegged oil price at roughly $51 per barrel oil has been selling far above that price for months and currently selling roughly at $80 per barrel now. According to the International Energy Agency, Nigeria produced about 2.53 million barrels (402,000 m3) per day, well below its oil production capacity of over 3 million barrels (480,000 m3) per day, now do the maths, my friend and ask yourself what exactly is the government doing with all these excess revenue embarassed.

when you increase the purchasing power of workers you are not causing inflation, rather you are creating jobs and breathing life to small businesses, in a country of well over 185 million people increasing the salaries of 89,000 people will not cause inflation. politicians steal billions of naira, their friends and relations buy private jets, nigerian customs generates about 1 trillion yearly, revenue from tax in nigeria was over 4 billion in 2017 and is expected to hit 6 billion in 2018, nigeria maritime administration and safety agency generated 300 billion last year and is expected to increase this year, as far back as 2013 alone total cash remitted to the fG by NNPC was $50 billion.........arghhhhhh !!!!!! i am just getting worked up typing this.
you can continue wallowing in your ignorance or wake up from your slumber. now many sheepish nigerians are are singing atiku because everybody else is, oh my God!! the 2015 election scenario is exactly playing out again where nigerians where so frustrated with the jonathan government they wanted him out by all means and thought that buhari was there way out. just the way Atiku is selling himself as the way out but clearly the handwriting is on the wall for all to see. God save our Blessed country nigeria Amen.
Re: Why =N=100,000 Minimum Wage Is Very Possible. by kYjelly2: 2:57pm On Oct 12, 2018
This is Sowores Idea right?

Sowore for President, 2019
Re: Why =N=100,000 Minimum Wage Is Very Possible. by Blue3k(m): 2:59pm On Oct 12, 2018
Use paragraphs. The math is wrong the money recovered wouldn't be enough to pay federal employees for 37 years. All the recovered loot only covers less than 5 years. N100,000 • 87,000 work force • 12 months = N1,044,000,000,000. That's equal to $2,900,000,000 using N360 conversion rate. Thats less than 5 years.

The issue you'll run into is fact the you'll make recurrent expenditures drawf capital projects more thsn it already does.

100k minimum wage for straight 37 years, whistle blowing alone has recovered =N=9.2 billion and over $151 million. obasanjo recovered $505 million, few days ago the house of reps discovered =N=21 billion and $104 million undeclared revenue in 2 separate accounts, alhaji lai mohammed himself said =N=78 billion and $9 billion has been recovered in stolen loot so far in the present administration.

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Re: Why =N=100,000 Minimum Wage Is Very Possible. by forgiveness: 6:17pm On Oct 12, 2018
The government and private companies are making money but crumbs are given to workers.
Re: Why =N=100,000 Minimum Wage Is Very Possible. by Blue3k(m): 3:52am On Oct 13, 2018
Bump.
Re: Why =N=100,000 Minimum Wage Is Very Possible. by millomaniac: 5:25am On Oct 13, 2018
kYjelly2:
This is Sowores Idea right?

Sowore for President, 2019

exactly, this is sowore's proposal
Re: Why =N=100,000 Minimum Wage Is Very Possible. by millomaniac: 5:33am On Oct 13, 2018
Blue3k:
Use paragraphs. The math is wrong the money recovered wouldn't be enough to pay federal employees for 37 years. All the recovered loot only covers less than 5 years. N100,000 • 87,000 work force • 12 months = N1,044,000,000,000. That's equal to $2,900,000,000 using N360 conversion rate. Thats less than 5 years.

The issue you'll run into is fact the you'll make recurrent expenditures drawf capital projects more thsn it already does.


thanks for the grammatical correction, however i am not trying to decorate this piece neither did i attempt to make it perfect because it is not formal. but i will add paragraphs to make reading easier.
the maths is correct assuming =N=1 equals $400(i did a foreign transaction few days ago with my verve card from a nigerian bank and was charged roughly =N=410 to $1) however you you erroneously used 89000 work force instead of the 87000 , but thats not the point, the point is there is more than enough money to comfortably pay 100k minimum wage including the dwarf or drawf capital or whatever comes with it. these figures i gave are just off the top my head, more humongous sums are stolen everyday which is secret and no one knows about. was it not a well known man that publicly boasted in ekiti state that he is very richer than the state.
Re: Why =N=100,000 Minimum Wage Is Very Possible. by millomaniac: 5:47am On Oct 13, 2018
forgiveness:
The government and private companies are making money but crumbs are given to workers.

you'll be surprised how many of these workers that have been brainwashed to believe the 100k minimum wage is not possible and are fed all sorts of nonsense excuses.

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