idid:


When the thieves in Abuja are get paid N14 million naira per month, there was no inflation, but when it's time to pay the workers there will be inflation. What kind of Voodoo economics is that? Why are you people so anti-citizen?

What is your rationale that there is no money and there will be inflation?

biosilicon:
The next nigerian president

Yankiss:
they fail to understand that you just can't have limitless resources. Where is the money coming from? How many workers do we have? What's our income per Capita and GDP? Guess these people don't even know. It is sad.

Yankiss:
they fail to understand that you just can't have limitless resources. Where is the money coming from? How many workers do we have? What's our income per Capita and GDP? Guess these people don't even know. It is sad.

Salvador1:
Sowore your time has not come please be patient

correctguy0900:
Where will the 100,000 come from?

Where are the goods to purchase with such wage increase?

Many questions dey sha.

ItzBIM:


I’m pretty sure they considered this too before putting in their manifesto and he has some brilliant minds behind him like dr Malcom fabiyi. Plus giving people purchasing power doesn’t lead to inflation.

Ventura1:

Yet there are signals from different corners that the global oil price might fall below what it is right now. That is a signal that the Nigerian economy that is hugely reliant on crude oil could be in for a rough time

His commitment to N100,000 as the new National Minimum Wage if elected as president is welcome. The N100,000 minimum wage of Sowore/AAC can be better understood if situated in the context of his other pro-masses and anti-establishment policy plan. This includes massive industrialization and economic restructuring to close the gap between the few rich and the poor masses.

ItzBIM:


We can’t afford to patient sorry, we have been patient for 58 years, I deserve a better Nigeria before I die .

TEYA:

I am sure people like you criticised PMB on the basis of age, now you tell a candidate That is roughly 50 years old that his time has not reached. I sorry for Nigeria!

idid:


This ones will just be arguing what they don't know up and down with no sensible basis.
If you are asked to justify that argument, you will be looking at the roof.
Your view is baseless, prove how it will cause inflation.

idid:


When citizen's can afford stuff, there will be an equal about of production.
The main problem is that no one can afford anything, which discourages production.
The moment people start earning a decent wage, you will see all the companies around the World relocating here to produce.
Minimum wage in UAE, Saudi Arabia and Qatar is about 1200 dollars per month or so. What do they produce? Nothing?
Have you ever heard that they have inflation?

wirinet:
How do you reconcile these two statements?



And



Where will Sowore get the money to pay N100,000 and embark on massive industrialization and economic restructuring when he expects oil prices fall further?

Luciferchrist66:
What is this afonja saying?
Sai baba will do it.
We are happy with our 30k

idid:


It is your type that we must avoid, your type likes to imprison people and deny them of their rights.
You are the type of Nigerian who employ house boys and house girls up and down without paying them their dues.
If everyone gets an automatic raise, won't that automatically increase per capita GDP? If that happens, won't we alleviate poverty?
Yes, there can be inflation for a short term in case the policy is not well executed, but it can be controlled too in the long term.
And why is it that workers don't deserve 100k but senators in Abuja deserve 14 million per month. Doing what?

correctguy0900:


Lol. As sad as it sounds, that's the truth. Wages are raised based on the economic capacity in terms of the level of production of goods and services.

e.g Venezuela and Zimbabwe. In order to consolidate their authority, maduro and Mugabe continued wage increases but was easy for a kid to pack 500, 000 to go for shopping and yet nothing to buy.

Note: wages in Nigeria is injustice but am afraid of 100,000 in relation to the current productivity of consumer goods

Salvador1:
then get ready to waste your votr

Chatflick:
Making the minimum wage 100K is one thing and the prices of goods being at a decent price is another. You should employ a strategy to ensure the prices of goods is OK cause it is useless earning that amount and spending heavily on goods. Sowore agenda is really great but I feel this isn't his time.

PS: All politicians are LIARS else it won't be called 'Politics' no more.

idid:



Bad examples, what is the basis of this comparison with Zimbabwe and Venezuela? Harare was empty for many years, no consistent positive economic policies, production was not boosted and Mughabe was instead behaving like a mad cow, sending farmers away and blocking trade even from other African states. Venezuela has been in a trade war with the US. Their pain was is self inflicted, the US shot them out and Venezuela is not a dynamic economic.

I would like to compare Nigeria to UAE and Saudi Arabia, but we will be 10X better if we can get our economy working and save our people from poverty. We are better because, Nigeria's economy has huge potential for growth and we haven't even tapped into tourism, tech, manufacturing, SME's yet. The two countries above can hardly compete with us there but their citizens have above 50 thousand dollars per capita per year. We have less than 5,000 USD per year.

What do they produce. Nothing..
They have only ensured that there is growth in housing, tourism, health, hospitality and elsewhere.

Why do you think that when if pay N100k per month, we cannot start providing housing for citizens and and start local production of solar panels, and improve tourism, etc. All of such activities will mop up any inflationary threat.

If you read Sowore's manifesto, these are some of the plans that will accompany his N100k promise.

Think about it, if we produce without making our people afford it, others will come to take advantage of us. But if we can make ourselves afford stuff and follow it up with production, we will be self sustaining.

Newboss:


Maybe you don't understand the mathematics. Let me help you:

Minimum wage now is 18k.
There are entry level staff in FG payroll on 50k. There are others on 60k. There are others on 80k. There are others on 100k.

Okay, minimum wage goes up directly to 100k from 18k.
That means that minimum wage has been MULTIPLIED by a factor of AT LEAST 5.
100k being the NEW MINIMUM wage, FG can't pay anyone on her payroll LESS THAN 100k.

From the second paragraph, there are AT LEAST 4 categories of person whose wages are below the NEW MMINIMUM wage. They MUST get a just and equivalent raise to match the minimum wage.

Okay, minimum wage was increased by a factor of AT LEAST 5. That means as you're multiplying the 18k guys salary by at least a factor of 5, you MUST multiply the 50k guy's pay by at least a factor of 5 (his new pay will be above 250k a month). You MUST multiply the 60k guy's pay by at least a factor of 5 (his new pay will be above 300k per month)... Until you get to the guy earning 1m. You MUST multiply his pay by 5 (his new wage will be above 5m a month)... Etc.

You MUST multiply by a flat rate because as a worker is leaving a salary, there are more qualified people who are on that his new salary. So you MUST multiply their salary by the same factor you multiplied the last guy's own.


I hope you can see the chain of stupidity? Anyone with brain will raise price by at least a factor of 3 (just being lenient) because those who just got times 5 their former salary without ppromotion don't work harder than them.


Imagine it and you'll see a horror movie

The money is NOT the problem. The stupidity is the problem. Naira WILL become VERY VERY VERY USELESS if you do that

Newboss:


Maybe you don't understand the mathematics. Let me help you:

Minimum wage now is 18k.
There are entry level staff in FG payroll on 50k. There are others on 60k. There are others on 80k. There are others on 100k.

Okay, minimum wage goes up directly to 100k from 18k.
That means that minimum wage has been MULTIPLIED by a factor of AT LEAST 5.
100k being the NEW MINIMUM wage, FG can't pay anyone on her payroll LESS THAN 100k.

From the second paragraph, there are AT LEAST 4 categories of person whose wages are below the NEW MMINIMUM wage. They MUST get a just and equivalent raise to match the minimum wage.

Okay, minimum wage was increased by a factor of AT LEAST 5. That means as you're multiplying the 18k guys salary by at least a factor of 5, you MUST multiply the 50k guy's pay by at least a factor of 5 (his new pay will be above 250k a month). You MUST multiply the 60k guy's pay by at least a factor of 5 (his new pay will be above 300k per month)... Until you get to the guy earning 1m. You MUST multiply his pay by 5 (his new wage will be above 5m a month)... Etc.

You MUST multiply by a flat rate because as a worker is leaving a salary, there are more qualified people who are on that his new salary. So you MUST multiply their salary by the same factor you multiplied the last guy's own.


I hope you can see the chain of stupidity? Anyone with brain will raise price by at least a factor of 3 (just being lenient) because those who just got times 5 their former salary without ppromotion don't work harder than them.


Imagine it and you'll see a horror movie

The money is NOT the problem. The stupidity is the problem. Naira WILL become VERY VERY VERY USELESS if you do that

idid:



Bad examples, what is the basis of this comparison with Zimbabwe and Venezuela? Harare was empty for many years, no consistent positive economic policies, production was not boosted and Mughabe was instead behaving like a mad cow, sending farmers away and blocking trade even from other African states. Venezuela has been in a trade war with the US. Their pain was is self inflicted, the US shot them out and Venezuela is not a dynamic economic.

I would like to compare Nigeria to UAE and Saudi Arabia, but we will be 10X better if we can get our economy working and save our people from poverty. We are better because, Nigeria's economy has huge potential for growth and we haven't even tapped into tourism, tech, manufacturing, SME's yet. The two countries above can hardly compete with us there but their citizens have above 50 thousand dollars per capita per year. We have less than 5,000 USD per year.

What do they produce. Nothing..
They have only ensured that there is growth in housing, tourism, health, hospitality and elsewhere.

Why do you think that when if pay N100k per month, we cannot start providing housing for citizens and and start local production of solar panels, and improve tourism, etc. All of such activities will mop up any inflationary threat.

If you read Sowore's manifesto, these are some of the plans that will accompany his N100k promise.

Think about it, if we produce without making our people afford it, others will come to take advantage of us. But if we can make ourselves afford stuff and follow it up with production, we will be self sustaining.

wirinet:

It does not work like that, the countries with the highest wages are not the most productive.

If you increase wages without a corresponding increase in local production, you will have runaway inflation. You will also be helping clients countries that already dump their goods on Nigeria.

Research the population and cost of governance if UAE, Saudi Arabia and Qatar and compare that with their earnings. Remember monarchy is a very cheap system of government, while democracy is the most expensive.

Frezhkid10:
U people just talk as if it's 100k the government is paying every worker... minimum wage stands for the salary payable to level 1 workers and increases by a multiplier along the hiraechy ..if minumin wage is increased to100k then people in level 20 will be receiving noting less than 2million as salary....then if there is not an equal amount of goods to match the increase then inflation will set in

idid:



Bad examples, what is the basis of this comparison with Zimbabwe and Venezuela? Harare was empty for many years, no consistent positive economic policies, production was not boosted and Mughabe was instead behaving like a mad cow, sending farmers away and blocking trade even from other African states. Venezuela has been in a trade war with the US. Their pain was is self inflicted, the US shot them out and Venezuela is not a dynamic economic.

I would like to compare Nigeria to UAE and Saudi Arabia, but we will be 10X better if we can get our economy working and save our people from poverty. We are better because, Nigeria's economy has huge potential for growth and we haven't even tapped into tourism, tech, manufacturing, SME's yet. The two countries above can hardly compete with us there but their citizens have above 50 thousand dollars per capita per year. We have less than 5,000 USD per year.

What do they produce. Nothing..
They have only ensured that there is growth in housing, tourism, health, hospitality and elsewhere.

Why do you think that when if pay N100k per month, we cannot start providing housing for citizens and and start local production of solar panels, and improve tourism, etc. All of such activities will mop up any inflationary threat.

If you read Sowore's manifesto, these are some of the plans that will accompany his N100k promise.

Think about it, if we produce without making our people afford it, others will come to take advantage of us. But if we can make ourselves afford stuff and follow it up with production, we will be self sustaining.