Lateef73:
This is suppose to be good news but since it's Nigeria it will be bad.

Staffs over-time benefits, health insurance, leave allowance, housing allowance, holiday bonuses will all be slashed by the new Nigerian management. Not forgetting nepotism also.

After Shell sold their onshore assets to Nigerian oil firms to manage that's exactly what happened

The Nigerian firms are not as rich as Shell

[quote author=Great100000 post=128997442][b]Ownership of oil palm giant Presco returns to Nigeria after 33-year Belgian control.
Also come and take over Abiapalm in Ukwa LGA and Mbausi in Isiala Ngwa in Abia State.these are cashcows established Late Dr.Michael Okpala,the former Premier of Eastern region during his agro revolution in the first republic.

[quote author=Great100000 post=128997442][b]Ownership of oil palm giant Presco returns to Nigeria after 33-year Belgian control.
Also should come and take over Abiapalm in Ukwa LGA and Mbausi in Isiala Ngwa in Abia State.these are cashcows established Late Dr.Michael Okpala,the former Premier of Eastern region during his agro revolution in the first republic.Have been abandoned and is a great revenue generation assets

Olaide1295:

The North star of businesses is productivity.
You only see the profit, not the capital investment.
If a company is really making humongous profit, they will double down on expansion and increase capacity. You don't need to tell them to increase staff salary as that will naturally happen so they can be competitive in the labor market.

It's socialists like you that got us into the trouble we are in as a nation. Thinking printing money or increasing wages leads to better lives. It only increases inflation. What everyone should be concerned about is productivity.

Your eyes are open but you can't see cos you're as blind as a bat.

How does criticising unfair labour practices in Nigeria turn one into a socialist? Again, what exactly is wrong in being a socialist?

If criticising the exploitation and enslavement of Nigerians in their own country due to the stupidity and greed of politicians who can't see the future implications makes me a socialist then yes, I am proud to be a socialist.

Compare being a socialist to you that is a morónic blind capitalist. Are you saying you enjoy the exploitation going on in Nigeria by your fellow capitalists?

How do you explain that your minimum wage since 2019 was N30000, equivalent to $100 then and today the minimum wage paid by the capitalist system is still N30000, equivalent of $20 today meanwhile all the capitalist enterprises declare billions upon billions in profit year after year till today.

If the labour force in Nigeria was not productive would the greedy selfish and exploitative capitalists see profits to declare or did their capital multiply itself and turn into profits without the input of labour?

You're too blind to see that the exploitative action of capitalists is killing Nigeria's labour force. It is forcing brain drain and it is making Nigeria weak everyday and causing overdependence on foreign goods and services cos the labour here is not given room to grow and develop and improve their lives due to miserable salary that is barely enough to feed and transport yourself to work not to talk of paying for education to improve your life.

Nigerian workers on average;

1. Receive very poor wages that they barely use to feed and pay essential bills, thus ruling out funding for better education for better skill attainment.

2. Work excessive number of hours for poor wages, making it nearly impossible for them to dedicate time for education and other self improvement skills

3. Maltreated at their work place by their superiors who threaten and punish them unjustly without any incentive for good performance....exact template of slaves, slave drivers and slave masters back in time.

The list is endless. All this is because Nigeria law makers and enforcers and people like you who defend the rotten system see nothing wrong with it and do nothing.

Keep defending the greedy selfish and exploitative capitalists. One day you and your children will be food for the slaves you are creating.

I won't bother replying you again cos you sound senseless

LandMann:


Your eyes are open but you can't see cos you're as blind as a bat.

How does criticising unfair labour practices in Nigeria turn one into a socialist? Again, what exactly is wrong in being a socialist?

If criticising the exploitation and enslavement of Nigerians in their own country due to the stupidity and greed of politicians who can't see the future implications makes me a socialist then yes, I am proud to be a socialist.

Compare being a socialist to you that is a morónic blind capitalist. Are you saying you enjoy the exploitation going on in Nigeria by your fellow capitalists?

How do you explain that your minimum wage since 2019 was N30000, equivalent to $100 then and today the minimum wage paid by the capitalist system is still N30000, equivalent of $20 today meanwhile all the capitalist enterprises declare billions upon billions in profit year after year till today.

If the labour force in Nigeria was not productive would the greedy selfish and exploitative capitalists see profits to declare or did their capital multiply itself and turn into profits without the input of labour?

You're too blind to see that the exploitative action of capitalists is killing Nigeria's labour force. It is forcing brain drain and it is making Nigeria weak everyday and causing overdependence on foreign goods and services cos the labour here is not given room to grow and develop and improve their lives due to miserable salary that is barely enough to feed and transport yourself to work not to talk of paying for education to improve your life.

Nigerian workers on average;

1. Receive very poor wages that they barely use to feed and pay essential bills, thus ruling out funding for better education for better skill attainment.

2. Work excessive number of hours for poor wages, making it nearly impossible for them to dedicate time for education and other self improvement skills

3. Maltreated at their work place by their superiors who threaten and punish them unjustly without any incentive for good performance....exact template of slaves, slave drivers and slave masters back in time.

The list is endless. All this is because Nigeria law makers and enforcers and people like you who defend the rotten system see nothing wrong with it and do nothing.

Keep defending the greedy selfish and exploitative capitalists. One day you and your children will be food for the slaves you are creating.

I won't bother replying you again cos you sound senseless

The problem with people like you is that you don't actually take a step back to think carefully and study how economies grow. You have sentiments and it shows in your words.
What you call unfair labor practices is only because you think the company is making money. How does paying people what the market dictates enslavement. Have you not seen Chinese people working in the sun morning and night for cheap pay, the chinese government holds trillions of dollars in the US. If it was left to entitled people like you, why would the government have money and let people work that hard. You would ask the govt to share money so people live more comfortable lives (Short term thinking).

Again, go to Dubai and see Indians and Pakistanis working hard in the 40 degree sun. But you want to have it easy because you think the company is making money without once taking a good look at the numbers in Dollar value (Capital was imported in dollars).
You are focusing on the naira billions you are seeing rather than compare the labor competitiveness. Same local labor that steal from their employers. Go read the industrialization of America and see the thousands of people that died to make it possible. People died in coal mines, in factories etc. To be clear, I am not advocating for low wages, all I am saying is that economics is self regulating. Wages will grow naturally as productivity and demand for labor increase (See China for example).
You socialists will think you are helping the country, but in your wanton desire for immediate wage growth without commensurate increase in productivity. You are destroying the economy and pointing fingers at others.

CountinBlessins:
Hmmmm
Interesting . So apart from imo state having the largest gas reserves in Africa they also have such a gigantic palm oil plantation? Plus all the crude oil wells ? All in the same state ?

Nigerian Leaders are just evil and corrupt

Of course I visited the place in oguta some years ago and was astonished at the magnitude of the place bad leadership is really affecting imo state negatively.

Lateef73:
This is suppose to be good news but since it's Nigeria it will be bad.

Staffs over-time benefits, health insurance, leave allowance, housing allowance, holiday bonuses will all be slashed by the new Nigerian management. Not forgetting nepotism also.

After Shell sold their onshore assets to Nigerian oil firms to manage that's exactly what happened

Wow! Why is this prevalent with Nigerian management team? It's surprising.

Lateef73:
This is suppose to be good news but since it's Nigeria it will be bad.

Staffs over-time benefits, health insurance, leave allowance, housing allowance, holiday bonuses will all be slashed by the new Nigerian management. Not forgetting nepotism also.

After Shell sold their onshore assets to Nigerian oil firms to manage that's exactly what happened

Even when it was under the white man, these allowances you mentioned above were just shadows. The inadequate salaries of the staff are heavily taxed unreasonably. Union dues are deducted from workers salaries monthly even when the workers Union are rubber stamp and voiceless. In many sections especially in the factory, workers are used like slaves in their owe father's land. If you dare to stand against this, be certain that you are on your way out. Graduates (especially in the factory and maintenance sections) are treated like slaves. The company is very very very rich but it doesn't reflect in the take home of an average worker there except for those frauding the company. I say all these because I know.