idid:



NASA is owned by the government and there are many state owed and state sponsored tech projects and companies in the west. There is no where else to get well paid than a place like NASA and the likes.

But that is not the argument, the argument is that you cannot build value in any industry, or attract investment or customers without investing in human capital first. The biggest resource of any company or country are its people.

My friend, we should not be having this conversation at all. Any company or government that cannot invest first in its people by paying them well through intrinsic and extrinsic methods do not mean business.

If we must build a respected civil service, our human capital approach must improve and be taken more serious... for me 100k per month will not even be enough. Means we will hardly attract the best talent from the private and the diasporas... when are we going to grow then?

U.s.a revenue for 300 million people - 3.6 trillion dollars

Nigeria revenue for 200 million people - 54 billion dollars.

I don't need to tell you why u.s can afford to pay good salaries.

urahara:



The only option is communism and spoiler alert it doesn't work .


That's why so many countries even u.s.s.r had to dump it . Under communism , millions of people are starved to death , and it will even be worse in a country like Nigeria where absolute power corrupts.

Communism has failed too many times and is no solution at all.

Would you agree that we need to stay in between capitalism and socialism... we can even go as far as designing our own economic philosophy.

Maybe Creative socialism.. in which we focus on the needs of our people and gear our resources towards solving their needs such as housing, food, etc. Whatever we do, would you agree that we need Keynesian economics quickly to come to the rescue, in which case we need to quickly stimulate growth by spending a lot of money on many sectors.

urahara:


U.s.a revenue for 300 million people - 3.6 trillion dollars

Nigeria revenue for 200 million people - 54 billion dollars.

I don't need to tell you why u.s can afford to pay good salaries.

You seem to be holding the position that Nigeria cannot triple or earn 5x its current income. What is stopping us from creating own own Silicon Lagoon, throw some 1 billion dollars at it. Pay the best salary in Africa or compete with Europe and let the world come to us.

We can replicate in other sectors can't we?

Won't we solve our money issues? So, isn't our tragedy the lack of vision still?

idid:



How come the quality of life in Rwanda, Ghana and other countries in Africa are better. They don't even have oil in those places. Going by your logic, they should be poorer, dirtier and impoverished than Nigeria.

..

Rwanda has about 40 percent of its people living on less than a dollar a day and it's per capita is $ 800.

Quality of life is not better than Nigeria ......yet.

It's not about having oil , it's about having exports that are very high relative to your size. We export worth 41billion dollars including oil , Switzerland exports goods worth 220 billion dollars .

Switzerland population is just 8 million , and the only resource they have are sands and stones , so it's not about having oil.

Chatflick:


I will be of course and even 60 years laters... I want to believe you mean well.

Ofcourse, i mean well, nobody wish to die, even those killed by boko haram, Herdsmen, bad roads, unprofessionalism... They all could still be alive with the right leadership, no time for procrastination, the time is now because every second matters

Olumyco:

I know his agenda SPICER HEAT and Sowore is who I wish could enter this Saturday but his minimum/living wage idea is wrong Sir. I support him but not that 100k minimum/living wage thing. See economy itself is how money enters and exits based on human behaviour. In economics when you talk about production in an economy you are talking about income money flow (how money move from employers to employees) and consumption money flow (how money move from consumers to producers). See cash flow is like when rain is falling. When rain is in excess, that is, more than the ground and river can contain, flooding will occur. Its a phenomena. No one can beat that. By the time employers start paying 100k as living wage to low employees just know that there will be much outflow of cash towards goods and services in the economy and inflation will result like flooding becos the available goods and services cannot curtail the massive outflow of money. You know he also talked about giving out of loans to build houses after the increment too... infact there will too much money chasing fewer goods and services. Consumption rate will increase. Producers will jack up prices of goods and services too. See the best he can do is to first develop those things you mentioned which are his plans before increasing the minimum wage. I know that Sowore mean well for this country and want to take us out of poverty but that 100k formula will not work. What works is increasing the value of money in the country by providing infrastructure (electricity, refinery etc)and developing human capital which by doing so, Nigeria will have a good living standard and come out of poverty. We all can study South Korea, Singapore, UAE etc... its not by minimum wage is by solving the infrastructural and human capital problem of the country. Then you talk about building your own house and becoming a landlord of urself. Hmmmmm this is wrong in economics becos house, car etc are liabilities.. what we need is asset. We need businesses to get money then after we can build houses. Instead of house loan it should be business load. The country needs business owners and investors and not landlords and car owners. Sowore needs to be advised seriously. You dont build economy on liabilities, you build on assets.

You are moving in different direction from the party ideology, which is a wellfarian party... As long as u don't understand the basic and premise on this 100k minimum wage, u will keep finding excuses to pay people 30k, leaving them unmotivated, unproductive and corrupt... Pls note that we talking about federal workers here and States under AAC. Using ur rain analogy, wat if we build drainage to mop up this rain? Since its expected that there will be more rain. This is why we can't afford not to incentivize our workers, nothing will work or move forward paying them this atrocious 30k salary. This is a system designed to move hand in hand with others like agriculture, tourism, right policies to enable businesses come to invest... Just think about it, 100k is a middling ground or a starting point to jump-start the economy while not leaving the people behind because without them, we are simply wasting our time on everything we thought we wanna do

Newboss:


Yes, EVERYONE must get an equivalent increase. Else, the guys on 100k now will be on 100k with the minimum wage earner. That would be absolute injustice in the name of fighting for justice.

FG wage bill, about 3 years ago was 65b Naira a month (I stand to be corrected on this). That's 780b Naira a year. Multiply that by 5.5 (It should actually be 5.556. I'm being lenient with figures), that would be 4290b (4.29trillion) Naira in annual wage bill alone if minimum wage goes to 100k

Now, this is getting messier because that's almost our annual budget as a nation. Our wage bill was about less than 20% of the annual budget as at 2016 budget. Just being lenient with figures because the figure was actually less than 15%.

As if that's not crazy enough, our 2019 revenue projection is 6.97 trillion Naira. The budget is 8.8trillion. If you add 4 times the current 18k minimum wage annual wage bill to that budget, that would amount to adding 3.12 trillion (over 8b usd) to it the current budget (total will become over 11trillion Naira)

Sowore thinks he needs 1.8b USD extra? LMAO

That's at least times 4.4 the 1.8b USD extra he's talking about just for the extra needed for the new minimum wage

NB: Our current wage bill is already way beyond 65b naira a month because of promotions and new recruitment. That figure is from around 2016. That worsens the actual figure needed to pay that wage

U ain't listening sir... We are not going to be paying more for those already receiving enough, this is for those on the lowest and middle salary structure, which means, it's from 100k upward, someone already receiving 100k will receive a pay rise bt not by ur formula of times 5. I already told u that there is big disparity within the salary structure, should we carry on with that? Or we restructure it? We choose restructuring... U get now?

tomtos88:



Sorry sir, but read wat u wrote, u know its posible and with the right leadership, its a pieces of cake. Will suffering and dieing wait? U are immune to good leadership? Why wait? Why is it that whenever anything good is coming to the masses, people will say wait, bt politicians are carting aways millions daily in the national assembly doing nothing... Am sure in 20 years to come u will still be saying its not yet time, u prefer suffering and smiling, make una continue

Will sowore initiates a new system of Government?

How will he convince the Legislative arm of the Government to slash their allowance and budget by 70%?

There are a lot of questions to be asked, abstraction alone does not win elections especially when you don't know how to practically solved mirage of our problems. This is the vision I don't see in some of this third force, they talk too much without any vision driven solutions to our problems

idid:


I believe we are talking of production outside natural resources.. but if you want to include oil... It is a shame for Nigeria then because we sell for the same price they sell. So why is it that people in Riyadh and Dubai get $2000 minimum salary per month and people in Nigeria are hardly getting $40... don't you think it's sad?

Yes they pay that high because things are expensive over there. The wage pay over there must have led to increase in the price of things. Guys before you compare wage pay in other countries with Nigeria consider the cost of goods and services there plus how much they collect on tax. Ghana too has thesame issue. The pay in Ghana is huge but things are expensive and tax payment is huge too.
In Dubai you cant use 600 naira to feed per day. But in Nigeria it is still possible. I am not saying we cant increase the quality of life here but Nigeria is one of the cheapest countries in the world to me anyways giving our money more value is key. Let's get this right if minimum wage increases prices of things will go up.

tomtos88:


You are moving in different direction from the party ideology, which is a wellfarian party... As long as u don't understand the basic and premise on this 100k minimum wage, u will keep finding excuses to pay people 30k, leaving them unmotivated, unproductive and corrupt... Pls note that we talking about federal workers here and States under AAC. Using ur rain analogy, wat if we build drainage to mop up this rain? Since its expected that there will be more rain. This is why we can't afford not to incentivize our workers, nothing will work or move forward paying them this atrocious 30k salary. This is a system designed to move hand in hand with others like agriculture, tourism, right policies to enable businesses come to invest... Just think about it, 100k is a middling ground or a starting point to jump-start the economy while not leaving the people behind because without them, we are simply wasting our time on everything we thought we wanna do

I see you people keep admitting that inflation can result if the goods and services in the country is low but the mistake you guys are making is that Sowore does not admit that. Sowore each time is talking about the 100k minimum wage criticism, will always say how come the money the senators are collecting is not causing inflation. He start saying different things. He does not even say these things you people are saying that the growth of our production and infrastructure with the increment will go together. It shows you guys are just trying to help him here. He is not saying anything you guys are saying here. He plans to develop the tourism, health etc sectors of the country on the basis of his agenda to develop the country not to be able to avoid inflation as a result of the 100k. You guys should listen to his claim. Dont come here and package it for us. Infact Sowore believes the 100k will not cause inflation whether the tourism sector, health sector, agric sector etc is improved or not. In his mind Nigeria should be paying 100k min wage now instead of 30k.
We all understand that he means well for us but if you are not knowledgeable about economics you can cause trouble for the nation at the expense of taking the country out of poverty. Nigeria is not US. What will work for us is increment over a period of time while our production sector and infrastructure grow. Sowore is good in other areas no one is an island he should set up good economic and financial team that will help him. Simple

idid:



How come the quality of life in Rwanda, Ghana and other countries in Africa are better. They don't even have oil in those places. Going by your logic, they should be poorer, dirtier and impoverished than Nigeria.

I'm not sure of the figure but minimum wage in Rawnda, Botswana and other African countries are not as bad as 18k which we have struggled to pay for ages.

Point is our problem is leadership. We don't need old, tired and expired politicians again. Isn't it time to diversify into other fields and even use our human potential to perform wonders..

I dont know why you guys talk like this. Have you been to those countries before Sir? Do you even know their tax rate, cost of goods and services there, infrastructure and per capita income?

Which quality of life is in Ghana
Some of them even prefer to buy things here in Nigeria than in their country becos of cost.

Sir you can't compare those countries with Nigeria. To an extent you can compare Egypt and SA.

5thElement:


Mistake.

Letting PDP , a party that swore to rule Nigeria for 60years, back through the door is going to be catastrophic.

They made a mistake in Jonathan, they will never ever willingly relinquish power again should they get it back. Why do you think PDP is so desperate?

God forbid PDP comes back. To do what now? Wasn't 16 years enough to prove to us that they can rule this country? Instead they looted this country into a recession. As at 2014 December/January 2015 the Fg was borrowing money to pay salaries, something that has never happened before.

God forbid PDP. God forbid Atiku.

OK I agree. I think what you mean is we should let APC continue cos there is no other formidable opposition asides PDP for now. Abi or Abi not?

JOMAX:


OK I agree. I think what you mean is we should let APC continue cos there is no other formidable opposition asides PDP for now. Abi or Abi not?

Ordinarily I root for Sowore. He seems capable. But since we Nigerians have decided that the contest is between Buhari and Atiku, then I'd give it to Buhari. Atiku should be caged. For crying out loud, who donates millions of dollars of his own personal money simply because he wants to work hard and serve the people?

I fear for our National assets if Atiku ever gets there.

Atiku has done 8 years of vice presidency. He should focus on his business he used our money to build.

Listen to his boss:

You have good agenda for the country, but unfortunately majority prefer darkness to light.

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?

My dear, the UAE isn't a mono economy. Then Mugabe was paying in billions of Zimbabwe dollars but people could hardly afford a square meal with the huge pay. What we need to do is to reduce the amount of money being paid some big Wigs in govt and strengthen the naira that way by reducing amount of money in circulation.

Olumyco:



I see you people keep admitting that inflation can result if the goods and services in the country is low but the mistake you guys are making is that Sowore does not admit that. Sowore each time is talking about the 100k minimum wage criticism, will always say how come the money the senators are collecting is not causing inflation. He start saying different things. He does not even say these things you people are saying that the growth of our production and infrastructure with the increment will go together. It shows you guys are just trying to help him here. He is not saying anything you guys are saying here. He plans to develop the tourism, health etc sectors of the country on the basis of his agenda to develop the country not to be able to avoid inflation as a result of the 100k. You guys should listen to his claim. Dont come here and package it for us. Infact Sowore believes the 100k will not cause inflation whether the tourism sector, health sector, agric sector etc is improved or not. In his mind Nigeria should be paying 100k min wage now instead of 30k.
We all understand that he means well for us but if you are not knowledgeable about economics you can cause trouble for the nation at the expense of taking the country out of poverty. Nigeria is not US. What will work for us is increment over a period of time while our production sector and infrastructure grow. Sowore is good in other areas no one is an island he should set up good economic and financial team that will help him. Simple

The first thing Sowore did before he declare his intention to run was, reaserch, one of those research was, which of the 10 agenda he proposed should he pursue first, people said all... On essences, he said all of them will work together, hand in hand.
Nobody is packaging anything here, because sowore most times don't go into the tiniest of details in his manifesto bt going through it, u can easily understand it. Why Sowore keep mentioning that 100k is because, people that attacked that wage are not doing so, out of concern for Nigerians, they keep saying, Nigeria doesn't have the money and if it does, inflation kicks in and Nigeria will capsize, his question to them was, is Nigeria not on a steady inflation? Which one are u talking about again? If the salary of the legislators don't cause inflation, why will that of workers, who deserve wat they are working for? U can find an excuse not to pay a worker bt u can't find an excuse to pay them?

Is the merit out weight the demerit? Incase things go awry, wat can be done? All these questions were answered before Sowore bring out his manifesto and that manifesto had the contributions of professionals from different fields.

justfash50:






Will sowore initiates a new system of Government?

How will he convince the Legislative arm of the Government to slash their allowance and budget by 70%?

There are a lot of questions to be asked, abstraction alone does not win elections especially when you don't know how to practically solved mirage of our problems. This is the vision I don't see in some of this third force, they talk too much without any vision driven solutions to our problems

Sowore is not a one man team, he is working with some of the best people around. Am made to understand that the legislators basic salary is 750k and they don't deserve the 13.5 million bonus they getting monthly, infact, they are only entitled to, not more than 1 million. He said, it will be contested in court, any illegality. This government will be run transparently for all to view and make inform decision, so that u all can support easily and fast. Nobody should hold the nation to ransome... Between, he intends to rewrite the conatition, pass it through referendum also, so that all Nigerians will know that the law covers them all, not the fraud from 1999 constitution,

5thElement:


Ordinarily I root for Sowore. He seems capable. But since we Nigerians have decided that the contest is between Buhari and Atiku, then I'd give it to Buhari. Atiku should be caged. For crying out loud, who donates millions of dollars of his own personal money simply because he wants to work hard and serve the people?

I fear for our National assets if Atiku ever gets there.

Atiku has done 8 years of vice presidency. He should focus on his business he used our money to build.

Listen to his boss:

Does Buhari deserve ur vote? Have u not learnt anything from the calamitous 4 years?
Its this lie that they are selling to people that there is only 2 candidates. Just think about, it, many people who knows sowore is the best are choosing the 2 rotten egg, simply because they lied to them that, nobody knows sowore. But that is not true, every single vote that adds to sowore vote is an extra odd that he can win... Imagine 1 million people are like u, they can convince one or 2 of their friends that are apc/pdp to vote Sowore... That's a very huge opportunity for Sowore to have better odd. So, pls don't buy into that lie, all surveys that has been co suctee online shows that Sowore is quite close to apc/pdp than the lies they are saying. Just look at the post as an example... We see planty argument of people from page one to 7. Also of them mislead... Apc/pdp thread doesn't get better than this... Even if they say u are wasting ur vote, tell them, u wanna waste ur vote wisely by Voting Sowore and AAC.

Olumyco:



I see you people keep admitting that inflation can result if the goods and services in the country is low but the mistake you guys are making is that Sowore does not admit that. Sowore each time is talking about the 100k minimum wage criticism, will always say how come the money the senators are collecting is not causing inflation. He start saying different things. He does not even say these things you people are saying that the growth of our production and infrastructure with the increment will go together. It shows you guys are just trying to help him here. He is not saying anything you guys are saying here. He plans to develop the tourism, health etc sectors of the country on the basis of his agenda to develop the country not to be able to avoid inflation as a result of the 100k. You guys should listen to his claim. Dont come here and package it for us. Infact Sowore believes the 100k will not cause inflation whether the tourism sector, health sector, agric sector etc is improved or not. In his mind Nigeria should be paying 100k min wage now instead of 30k.
We all understand that he means well for us but if you are not knowledgeable about economics you can cause trouble for the nation at the expense of taking the country out of poverty. Nigeria is not US. What will work for us is increment over a period of time while our production sector and infrastructure grow. Sowore is good in other areas no one is an island he should set up good economic and financial team that will help him. Simple

Why are we so much in love with tokenism and gradualism?

What evidence do you have that a gradualist approach will spur the kind of growth, say, over the next five years.

By the way, any annual growth less than 8 percet year is no growth to me and would be achievable if we engineer it and not seat back.

During the the Yaradua, Goodluck era at some point, we achieved almost about 7 percent annual growth and that nothing much was going on in the private sector or the creative economy. .. and we have used the kind of gradualism you are proposing since then from no minimum wage to 7,500 to 18,000 to now 30,000 naira.

What have we achieved? Left to you, in another two years we should pay another 10,000 naira to workers. If we do that we are never going to compete in the modern world with other countries and the way to spur growth anywhere is to attract the best people to work for you.

If we must, indeed, attract the best talent to work in our public sector and by extension for investors to come to our private industries, we must invest right from the get go on human capital and it is not negotiable that we pay anything less.

Olumyco:


Yes they pay that high because things are expensive over there. The wage pay over there must have led to increase in the price of things. Guys before you compare wage pay in other countries with Nigeria consider the cost of goods and services there plus how much they collect on tax. Ghana too has thesame issue. The pay in Ghana is huge but things are expensive and tax payment is huge too.
In Dubai you cant use 600 naira to feed per day. But in Nigeria it is still possible. I am not saying we cant increase the quality of life here but Nigeria is one of the cheapest countries in the world to me anyways giving our money more value is key. Let's get this right if minimum wage increases prices of things will go up.

They don't pay high, they pay well because they have invested their resources in the public and private sectors. They attract the best expatriates who help build their economy.

They invest in tourism, in housing, in education, in infrastructure and so on. Then they attract more and more investors, who build on what the state had initially done.

When you have a private sector driven by operators such as MNCs who transfer their best practice human resource approaches from their home countries, they will pay people not only on the basis on a local minimum wage but based on what is a global best practice. That is why people who work in Chevron, Mobil, Shell and KPMG and so on don't get paid our poor wages.

The Arab world has managed to attract a lot of them and they are the ones who add to the value of economic production and reproduction. They in a way determine pay. And Nigeria is one of the cheapest country not because of any rationale economic thinking, but because we have bastardized and impoverished our people.

The moment we have rational economic thinking, you will see that Nigeria will not be able to compete with other countries in Africa in terms of cheap labour. Cheap labour is not a good indicator at all in a capitalist economy.

It means having a few rich at the top and trapping the vast majority below and living in poverty. That is why China and India are not the best places where you can find the cheapest labour anymore because they are lifting their people out of poverty in millions..

We don't have to grow at all following the trajectory of China and India.

Yankiss:
My dear, the UAE isn't a mono economy. Then Mugabe was paying in billions of Zimbabwe dollars but people could hardly afford a square meal with the huge pay. What we need to do is to reduce the amount of money being paid some big Wigs in govt and strengthen the naira that way by reducing amount of money in circulation.

You are echoing me sir and that is exactly my point, UAE is not a mono economy but it is not an economy that produce goods as such apart from oil.

It is a highly service and experience oriented and that is where we need to move too. I made that point to counter those who are arguing that we necessarily have to produce so much goods to reduce inflation, and that is when we can pay a good living wage.

I agree that first, we must reduce the money we pay to the big wigs and reduce the loopholes of corruption. That is when we can move forward.

tomtos88:


Does Buhari deserve ur vote? Have u not learnt anything from the calamitous 4 years?
Its this lie that they are selling to people that there is only 2 candidates. Just think about, it, many people who knows sowore is the best are choosing the 2 rotten egg, simply because they lied to them that, nobody knows sowore. But that is not true, every single vote that adds to sowore vote is an extra odd that he can win... Imagine 1 million people are like u, they can convince one or 2 of their friends that are apc/pdp to vote Sowore... That's a very huge opportunity for Sowore to have better odd. So, pls don't buy into that lie, all surveys that has been co suctee online shows that Sowore is quite close to apc/pdp than the lies they are saying. Just look at the post as an example... We see planty argument of people from page one to 7. Also of them mislead... Apc/pdp thread doesn't get better than this... Even if they say u are wasting ur vote, tell them, u wanna waste ur vote wisely by Voting Sowore and AAC.

Don't sweat it bro. I'm not even in a position to vote.

justfash50:






Will sowore initiates a new system of Government?

How will he convince the Legislative arm of the Government to slash their allowance and budget by 70%?

There are a lot of questions to be asked, abstraction alone does not win elections especially when you don't know how to practically solved mirage of our problems. This is the vision I don't see in some of this third force, they talk too much without any vision driven solutions to our problems

He is already initiating a new system of government by saying we can reduce a lot of cost of governance by moving to Unicameralism from our current bicameral legislative system.

That argument can be held in a new restructuring debate that he is proposing. In that sense, you can expect that if he succeeds in championing a unicameral legislature, we can save a massive amount of money every year.

He is also saying that he will champion removing the current slush funds paid to governors, around 200 million to each governor every year. That works out as around 3.5 billion every year across Nigeria. Shouldn't you guys be more worried about that?

What more vision do you need sir, Sowore has an economic Vision called Spicer Heat. By look for some of his videos on Youtube and you will see that if he can convince some of us, who have traveled the World and seen it all, his idea is in order.

5thElement:


Ordinarily I root for Sowore. He seems capable. But since we Nigerians have decided that the contest is between Buhari and Atiku, then I'd give it to Buhari. Atiku should be caged. For crying out loud, who donates millions of dollars of his own personal money simply because he wants to work hard and serve the people?

I fear for our National assets if Atiku ever gets there.

Atiku has done 8 years of vice presidency. He should focus on his business he used our money to build.

Listen to his boss:

Sir, as a matter of principle, you should stay your course and it doesn't matter if Sowore wins or loses, afterall people have followed Buhari for 12 years before he won some day.

What is good is good and no wrong can ever make a right.

idid:


Sir, as a matter of principle, you should stay your course and it doesn't matter if Sowore wins or loses, afterall people have followed Buhari for 12 years before he won some day.

What is good is good and no wrong can ever make a right.

If you check my post I'm not really supporting Buhari. I'm only very much against Atiku. Most if not all my post has been against PDP.

If I was in the position to vote I'd definitely be voting Sowore, no doubt.

Olumyco:


I dont know why you guys talk like this. Have you been to those countries before Sir? Do you even know their tax rate, cost of goods and services there, infrastructure and per capita income?

Which quality of life is in Ghana
Some of them even prefer to buy things here in Nigeria than in their country becos of cost.

Sir you can't compare those countries with Nigeria. To an extent you can compare Egypt and SA.

the quality of life you lack

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idid:



How come the quality of life in Rwanda, Ghana and other countries in Africa are better. They don't even have oil in those places. Going by your logic, they should be poorer, dirtier and impoverished than Nigeria.

Quality of life in Rwanda, Ghana are better than Nigeria? I hope you are not smoking the weed Sowore is hoping to export.
Rwanda with a GDP of less than $10bullion and Ghana with GDP of less than $50 billion is better than Nigeria, the biggest economy in Africa with a GDP of over $1.1 trillion?
These places in real terms are poorer, dirtier and more impoverished than Nigeria. The problem is Nigerian population, the high number of urban areas and the high taste of Nigerians. Most of those countries have less than 10 highly urban cities. Nigeria has 10 urban areas in every state. Rwanda simply shows you Kigali and gbam, you feel the whole of Rwanda is living in wealth. Same with Ghana, they showcase Accra and Kumasi and gbam Ghana is neat, rich and beautiful. Go to the villages where majority of the people live to see real poverty.

I'm not sure of the figure but minimum wage in Rawnda, Botswana and other African countries are not as bad as 18k which we have struggled to pay for ages.

What is the total civil servant population of Ghana and Rwanda? I am sure it is not up to the civil servant population of small Bayelsa or delta state. If you ask Bayelsa to pay N100k, then the FG must be ready to perpetually pay bail out funds to enable it pay salaries (assuming the FG can pay it's own).
At N18,000 states require federal bail outs to pay salaries, at N100k, they would need IMF loan to pay salaries

idid:


Why are we so much in love with tokenism and gradualism?

What evidence do you have that a gradualist approach will spur the kind of growth, say, over the next five years.

By the way, any annual growth less than 8 percet year is no growth to me and would be achievable if we engineer it and not seat back.

During the the Yaradua, Goodluck era at some point, we achieved almost about 7 percent annual growth and that nothing much was going on in the private sector or the creative economy. .. and we have used the kind of gradualism you are proposing since then from no minimum wage to 7,500 to 18,000 to now 30,000 naira.

What have we achieved? Left to you, in another two years we should pay another 10,000 naira to workers. If we do that we are never going to compete in the modern world with other countries and the way to spur growth anywhere is to attract the best people to work for you.

If we must, indeed, attract the best talent to work in our public sector and by extension for investors to come to our private industries, we must invest right from the get go on human capital and it is not negotiable that we pay anything less.

Sir what is the different between Value and Volume in terms of money in an economy?

Also you mentioned human capital. Is human capital a function of earning alone. Where do you put skill acquisition, education, capacity and so on.

It seems you guys are just looking for different things to justify this 100k min wage. Even Sowore the person who has the idea did not say all these to justify the idea. Sowore has plan to invest into education and all sorts which will help human capital dev. in the country but Sowore is not saying he will pay 100k min wage to dev human capital. You guys should chill and listen to him. See Sowore knows that in human capital investment you dont start or base on earning alone...you first invest in skill, education, capacity and other labour attributes so that the human resource can be very productive. You dont just start paying humans that huge in the name of human capital dev. It will have a boomerang effect in productivity. You risk productivity if you start human capital development from the angle of huge payment. Go and check out Japan, Singapore and co you will understand what human capital development is. Truly the staffs will be motivated but the expected productivity might not be there because of other human capital development factors that are lacking and that will lead to another problem. We should learn how to solve problems without creating another. See this is the truth... Sowore made that mistake because he looked at it microscopically... he needs to look at it macroscopically. He needs to pass the idea through economic intelligent factory. I support him and wish he enters but my advise for him is to assemble an economic team that will help him package that 100k min wage very well. No one is perfect. You can either be right or wrong. That's why you are human. Sowore is the most qualified for the job but he needs assistance on the area of economic. His other plans are top notch... and I love the way he talks and his boldness. May God help me. But the truth is the truth.

You are talking rubbish! Have you checked the UN Human Development Index? What is life expectancy, compared with a Ghana? How many hours of electricity do you enjoy? How many Nigerians are gainfully employed? Are you aware Nigeria has more poor people than anywhere else in the world? These are facts

wirinet:

Quality of life in Rwanda, Ghana are better than Nigeria? I hope you are not smoking the weed Sowore is hoping to export.
Rwanda with a GDP of less than $10bullion and Ghana with GDP of less than $50 billion is better than Nigeria, the biggest economy in Africa with a GDP of over $1.1 trillion?
These places in real terms are poorer, dirtier and more impoverished than Nigeria. The problem is Nigerian population, the high number of urban areas and the high taste of Nigerians. Most of those countries have less than 10 highly urban cities. Nigeria has 10 urban areas in every state. Rwanda simply shows you Kigali and gbam, you feel the whole of Rwanda is living in wealth. Same with Ghana, they showcase Accra and Kumasi and gbam Ghana is neat, rich and beautiful. Go to the villages where majority of the people live to see real poverty.




What is the total civil servant population of Ghana and Rwanda? I am sure it is not up to the civil servant population of small Bayelsa or delta state. If you ask Bayelsa to pay N100k, then the FG must be ready to perpetually pay bail out funds to enable it pay salaries (assuming the FG can pay it's own).
At N18,000 states require federal bail outs to pay salaries, at N100k, they would need IMF loan to pay salaries

PetroDollax:
You are talking rubbish! Have you checked the UN Human Development Index? What is life expectancy, compared with a Ghana? How many hours of electricity do you enjoy? How many Nigerians are gainfully employed? Are you aware Nigeria has more poor people than anywhere else in the world? These are facts

Nigeria has more poor people in the world mainly due to our ballooning population (although I doubt we have more poor people than india). Ghana has a population of about 28 million. That is just a little over the population of Lagos. Nigeria has a population of 200 million. Even if 12% of Nigerians are poor, that's more than the total population of Ghana.

How many cities in Ghana has electricity. Electricity is mainly restricted to the urban areas, rural areas still live like precolonial times. Poverty in Northern Ghana is worse that that of Nigeria.

Read this report to get an insight of poverty in rural northern Ghana;

Main source of lighting

About 77.0 per cent of households use the kerosene lamp as source of lighting, while 22.0 per cent use electricity. At the district level, access to electricity as source of lighting, varies from 6.9 per cent in Saboba-Chereponi to 58.5 per cent in Tamale.
https://www.modernghana.com/ghanahome/regions/northern.asp?menu_id2=14

5thElement:


Don't sweat it bro. I'm not even in a position to vote.

If not u, others are reading