VAT AND THE 30,000 MINIMUM WAGE: Nigerian inflation rate for the past 5years have been above 10% with a purchasing power of 50% given our naira devaluation. What this means is: with the current minimum wage of 18,000 naira goods you purchase are actually worth 9,000 naira(purchasing power). If goverment increases the minimum wage to 30,000 naira (which of course has the purchasing power of 15,000naira) life would be somewhat easier. If this 7.5% vat is introduced, it will further reduce the purchasing power of minimum wage earners. Meaning about 85% of Nigerians will be living below 2$ per day This law is regressive, wicked and against progressive change that was voted for





I thought only wailers will suffer.

It’s our collective shame that such brazen daylight robbery from our leaders is allowed to stand.

Iran, an extremist Muslim country is protesting over petroleum price increase...a country like Nigeria can’t make a peep.

...the trees keep voting for the axe cos the handle is one of them...

raker300:
It’s our collective shame that such brazen daylight robbery from our leaders is allowed to stand.

Iran, an extremist Muslim country is protesting over petroleum price increase...a country like Nigeria can’t make a peep.

...the trees keep voting for the axe cos the handle is one of the them...

before I take you serious. who did you vote for?

[quote author=orion7 post=84241171]VAT AND THE 30,000 MINIMUM WAGE:
Nigerian inflation rate for the past 5years have been above 10%
with a purchasing power of 50% given our naira devaluation. What
this means is: with the current minimum wage of 18,000 naira
goods you purchase are actually worth 9,000 naira(purchasing
power).
If goverment increases the minimum wage to 30,000 naira (which
of course has the purchasing power of 15,000naira) life would be
somewhat easier. If this 7.5% vat is introduced, it will further
reduce the purchasing power of minimum wage earners. Meaning
about 85% of Nigerians will be living below 2$ per day
This law is regressive, wicked and against progressive change that
was voted for






I thought only wailers will suffer. [/quote ] The tragedy is that his supporters are mostly illiterates and the ignorant ,they really don't know better and unfortunately they are a lot

orion7:
VAT AND THE 30,000 MINIMUM WAGE: Nigerian inflation rate for the past 5years have been above 10% with a purchasing power of 50% given our naira devaluation. What this means is: with the current minimum wage of 18,000 naira goods you purchase are actually worth 9,000 naira(purchasing power). If goverment increases the minimum wage to 30,000 naira (which of course has the purchasing power of 15,000naira) life would be somewhat easier. If this 7.5% vat is introduced, it will further reduce the purchasing power of minimum wage earners. Meaning about 85% of Nigerians will be living below 2$ per day This law is regressive, wicked and against progressive change that was voted for





I thought only wailers will suffer.

buhari fans - national treasury is in safe hand. yeye people.