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Labour Wants ₦‎497,000, FG Laments Paucity Of Funds - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Labour Wants ₦‎497,000, FG Laments Paucity Of Funds (15317 Views)

FG Laments High Cost Of Food / Amidst Paucity Of Funds, Nigerian Govt Proceeds With ₦42 Billion NASS Renovation / Nigeria To Pull Out Of Some International Organisations Over Paucity Of Funds (2) (3) (4)

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Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by superCleanworks(m): 10:16am On May 23
mastermaestro:
Be realistic with the figures you are pushing. It should be within 80k and 120k. Anything more than this simply reveals that labour leaders are working with government to scuttle and delay any upward review of wages.

You seem to have the interest of Nigerian workers more than NLC.
1. Please how did you arrive at this your figures?
2. When are you going to come out to meet and negotiate with the government instead of typing such wise words from your bed while men and women risk everything to look government FACE TO FACE and say NO.? When will you do that? Just as I thought. NEVER.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Okoroawusa: 10:17am On May 23
Ynix:


You too reason am na, how come Mozambique despite their poverty dey do $150 to $250 minimum wage, e no make sense na.
Not that Nigeria cannot pay the amount of, but our political elites prefer pocketing the large cut through allowances and cheating.
Have you asked yourself how many people live in Mozambique not to talk about its federal workers?

1 Like

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by wealthyvic1: 10:27am On May 23
helinues:


They are being realistic with N500k as minimum wage?

Where do they expect the government to get the funds? To borrow or to increase more tax base which Nigerians are fuming at both?

What should happen to private sector workers, how would they be able to cope in the same economy where the government workers would be earning X300% of their basic salary?

What do you think would happen to Nigeria economy with government paying N500k as salary? Inflation of course.

So what's realistic about Labour's proposal

Where is the one the government is wasting
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by KingEzo: 10:35am On May 23
I think these labour unions are working for the federal government just to distract Nigerian from the reality. How can you propose 500k to Nigeria government that is not even ready to pay 100k. If the Union leaders are really advocating for Nigerians they should make a reasonable proposal.

1 Like

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by carzeem1: 10:55am On May 23
ivandragon:
This piece is entirely my own personal opinion. I welcome constructive criticism.

There is no gain saying that the Nigerian economy is in a mess at the moment. Whether you support the APC or not, the glaring truth is that the present trajectory of the economy is worrisome.

The main issue on the front burner at the moment is the minimum wage.

While labour has proposed 615k which is not realistic, the government has offered 48k which is ridiculous.

Though labour's position can be reasoned with, the truth is that the economy at this time cannot sustain such wage structure across board (government and private levels). The 48k is however too little to make a significant impact on the present level of hardship.

For any minimum wage to be impactful, it must be accompanied with either stability of current prices or more preferably, an immediate reduction in prices (let's leave all the inflation jargons for now).

Given this conundrum, I am of the opinion that Nigeria finds an innovative minimum wage structure to lean on for now. It does not have to copy any other country's pattern, but something unique to our present situation.

It would be a 4 pronged approach.

1. Devolution of the wage structure;
2. Reduction in government expenses;
3. Fixing of customs duties and
4. Addressing corruption through taxation.

1. Devolution of the Wage Structure

There needs to be a partial devolution of minimum wage that would depend on productivity, business structure & revenue. At least for now given our dire situation.

For instance, nano & micro businesses with annual turnover of less than N10m can have a minimum wage of 60k.

Small businesses with annual turnover of over N10m but less than N250m can have a minimum wage of N100k

Medium businesses with turnover of over N250m but less than N1bn can have a minimum wage of N130k.

Big businesses with turnover of over N1bn but less than N10bn can do N160k

Very big businesses can do N180k.

Governments should take a middle stance and do N126k.

Doing this should ease pressure a bit.

2. Reduction in Government Expenses

Cut cost of governance at all levels. To start, all elected officials and political appointees should be placed on the government minimum wage immediately. They should also make sacrifices.

Also, stop all purchase of foreign vehicles by government officials even if such vehicles have already been imported. Buy only locally assembled vehicles. Exceptions would of course be given to specialised vehicles (tractors, trailers, excavators etc) that can't be assembled in Nigeria.

3. Fix Customs Duties

Peg the customs exchange rate at N500 to a dollar. A key reason why goods increase is due to high duties & instability. Government needs to sacrifice a bit by pegging customs duties at N500 for at least 1 year. By this, businesses can plan in the medium to long term.

Of course, the government has to ensure a drastic reduction in prices of goods and services by implementing policies to push down inflation within 6-10 months. So it would have to look at other areas too where levies can be reduced.

4. Address Corruption through Taxation

Rather than tax Nigerians to death, tie everyone's income to assets to taxes. Your assets must reflect your income and your income must reflect in your taxes. That's the only way to reduce corruption and also increase government revenue.

Today, we see people buying multiple cars worth hundreds of millions of naira. Buying houses worth billions every other month. Living extremely lavish lives... yet, their source of income is shrouded in secrecy and taxes are not reflective of thier assets and incomes.

It is ridiculous that a person has assets worth over N1bn but has an annual income of N8m and tax payment of less than N800k... these are the areas government loses money. For those who use fronts and companies, its even easier, check the revenue of the company and than its taxes.

Conclusion

Of course, there are other areas government needs to work on such as security, repairing infrastructure, reducing the overbloated workforce at government level and others, but within the present context of the minimum wage issues, the 4 measures might help.

Thanks for reading...

Great write-up. Forgive me for being a realist (pessimist if you like) and I will give you my reasons.

1. Taxation in Nigeria is extremely difficult, non compliance has little or no repercussions hence even big corporation circumvent it or underpay.
Corruption also plays a big role in that aspect
2. Enforcement of different wage class is practically impossible considering no government agency is designed or trained for that role. Unless you want to created a new one.
3. Custom has the highest generation into government coffers hence reducing the rate will mean government can't meet its obligations (salary inclusive)
4. Cutting down governance means reducing size of the civil service (largest employer of labour in Nigeria) or amending the constitution to disrupt the American kind of democracy we run. We both know neither is going to happen.
It's a catch 22 situation right now, and only a massive protest and referendum to breaks this current Nigeria setup can bring any lasting prosperity to the people.

4 Likes

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by walexbiz(m): 10:59am On May 23
Omojolaray:
you are not ready what has the guy said that is tantrums.... People are suffering you are saying another thing.....

Just leaves Helinues alone. He leaves all his lives on the Nairaland and I guess he his one of those paid pittance by this government to defend the atrocities they are committing. He was asking one other guy where the government would get money to pay the workers forgetting this same yeye government had money to subsidise Hajj and also award a 10tn to Hinet a company owned by the chagouris while his son sits on the board of the company.

2 Likes

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by kmaster007: 11:01am On May 23
We all no dis is not going to happen
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Joy2dworldxyz: 11:11am On May 23
helinues:
When the labour union are ready to come up with a realistic proposal, they should let us know


I am yet to understand what the problem of some of you guys are, Labour is asking for what is equal to the current economy but you guys are making it look like they are stupid and unrealistic.

So Nigeria civil servants should continue working and suffering (eating from hand to mouth) while all our politicians live in affluence abi?

See, that money labour is asking for is small money compared to what our politicians are looting and embezzling. It's time everyone have more that enough to eat.

1 Like

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by legallysly: 11:18am On May 23
ivandragon:
This piece is entirely my own personal opinion. I welcome constructive criticism.

There is no gain saying that the Nigerian economy is in a mess at the moment. Whether you support the APC or not, the glaring truth is that the present trajectory of the economy is worrisome.

The main issue on the front burner at the moment is the minimum wage.

While labour has proposed 615k which is not realistic, the government has offered 48k which is ridiculous.

Though labour's position can be reasoned with, the truth is that the economy at this time cannot sustain such wage structure across board (government and private levels). The 48k is however too little to make a significant impact on the present level of hardship.

For any minimum wage to be impactful, it must be accompanied with either stability of current prices or more preferably, an immediate reduction in prices (let's leave all the inflation jargons for now).

Given this conundrum, I am of the opinion that Nigeria finds an innovative minimum wage structure to lean on for now. It does not have to copy any other country's pattern, but something unique to our present situation.

It would be a 4 pronged approach.

1. Devolution of the wage structure;
2. Reduction in government expenses;
3. Fixing of customs duties and
4. Addressing corruption through taxation.

1. Devolution of the Wage Structure

There needs to be a partial devolution of minimum wage that would depend on productivity, business structure & revenue. At least for now given our dire situation.

For instance, nano & micro businesses with annual turnover of less than N10m can have a minimum wage of 60k.

Small businesses with annual turnover of over N10m but less than N250m can have a minimum wage of N100k

Medium businesses with turnover of over N250m but less than N1bn can have a minimum wage of N130k.

Big businesses with turnover of over N1bn but less than N10bn can do N160k

Very big businesses can do N180k.

Governments should take a middle stance and do N126k.

Doing this should ease pressure a bit.

2. Reduction in Government Expenses

Cut cost of governance at all levels. To start, all elected officials and political appointees should be placed on the government minimum wage immediately. They should also make sacrifices.

Also, stop all purchase of foreign vehicles by government officials even if such vehicles have already been imported. Buy only locally assembled vehicles. Exceptions would of course be given to specialised vehicles (tractors, trailers, excavators etc) that can't be assembled in Nigeria.

3. Fix Customs Duties

Peg the customs exchange rate at N500 to a dollar. A key reason why goods increase is due to high duties & instability. Government needs to sacrifice a bit by pegging customs duties at N500 for at least 1 year. By this, businesses can plan in the medium to long term.

Of course, the government has to ensure a drastic reduction in prices of goods and services by implementing policies to push down inflation within 6-10 months. So it would have to look at other areas too where levies can be reduced.

4. Address Corruption through Taxation

Rather than tax Nigerians to death, tie everyone's income to assets to taxes. Your assets must reflect your income and your income must reflect in your taxes. That's the only way to reduce corruption and also increase government revenue.

Today, we see people buying multiple cars worth hundreds of millions of naira. Buying houses worth billions every other month. Living extremely lavish lives... yet, their source of income is shrouded in secrecy and taxes are not reflective of thier assets and incomes.

It is ridiculous that a person has assets worth over N1bn but has an annual income of N8m and tax payment of less than N800k... these are the areas government loses money. For those who use fronts and companies, its even easier, check the revenue of the company and than its taxes.

Conclusion

Of course, there are other areas government needs to work on such as security, repairing infrastructure, reducing the overbloated workforce at government level and others, but within the present context of the minimum wage issues, the 4 measures might help.

Thanks for reading...

A very lucid and realistic analysis of this mess in which we have found ourselves.

Your proposals are top notch and are a sharp reminder of why Nigerians are hailed for their brain power all over the world.

It bothers me that some people are just interested in 'tanking' the economy so that they can say 'we told you so'. I am looking at my Secretary right now and I can barely afford to pay her curent salary which is less than 100k per month. How do I pay 200k per month (whether I make money or not)? I will not even consider the possibility of paying 250k, or worse, 500k to the least paid worker in an establishment. The ripple effect on the economy will be catastrophic.

The current minimum wage did not get us here, years of mismanagement of our various sectors (especially 8 years of Buhari's economic missteps) did.

If this currrent government has abandoned subsidy (it had no choice really as the outgoing government made no provisions for further payments beyond June 2023), it is ostensibly to channel the funds, some of which allegedly went into some peoples' pockets for doing nothing, into areas where they would be more useful.

I would assume that was the reason for floating the Naira as well. Previous governments before now, had spent a lot of money defending the naira and keeping the dollar at bay. Unfortunately, the last administration (Emefiele, in particular, will go down as the worst CBN governor we have had in a long time) did us no favours as it continued to defend the naira even when it was clear that this was unsustainable amidst low crude oil production, a comatose manufacturing industry and its terrible policies. I won't even go into the irresponsible loans that the CBN, through NIRSAL MFB, granted to Nigerians. Now that Nigerians are paying back through their noses, can we not all agree that such policies only made them poorer in the long run?

The naira will eventually find its level and the traders among us who sell imported goods can also help to bring down inflation by applying the new tax rates only to newly imported goods and not to those that they have had in their shops since last year.

The government (especially customs) should also reduce the tax rates and levies on imports (at least until the fog clears a bit) as the traders will only redirect the taxes and levies to the consumers who are essentially overpaying for old and (in some cases) substandard goods.

I firmly believe that the inflation we are currently experiencing in Nigeria at the moment is highly artificial and solely depends on we Nigerians. We already know that when the refineries start working and we reduce importation of fuel, while exporting refined products (hopefully with the Naira as the primary transactional currency), our local currency will grow stronger and imports will no longer cost as much. What we do not know (or appear to ignore) is that the traders will be reluctant to reduce prices. Prices in Nigeria hardly come down once they have gone up and this has more to do with the greed of the average Nigerian seller than anything else. They believe they will be selling at a loss and will therefore sustain those high prices until their old stock is cleared. This is one of the major killers of our economy. When a foreign used 2010 Toyota Camry which is 14 years old, costs upwards of 9 million naira, you know there is a massive problem. It will develop problems after a year and you will be back in the market for parts which will cost an arm and a leg, along with the other unrealistic fees that mechanics charge these days. When the inflation eventually comes down and the Camry is back to its regular N3,500,000.00, the unfortunate fellow who bought it at nearly 3 times the normal price is left to rue his loss. These are personal demons that we must, on our part, strive to exorcise before blaming the government. If we peg our minimum wage at 500k at this critical time, I can assure you that the current inflation will sound like a tea party compared to what will come next. It is therefore a bit worrisome when you realise that those calling for such an astronomical increase in the minimum wage know this too and it only leads me to inevitably conclude that this is just another power play towards 2027. If the economy is in tatters and we have become another Zimbabwe (my profound apologies to Zimbabweans here present), how will the current administration even dream of coming back?

More importantly, will such an unrealistic minimum wage, if implemented, not drive more workers to seek employment with public and government owned institutions while leaving those who remain in the private sector to fleece their employers to death? Eventually, both the public and private sectors will groan from the excessive financial load and ultimately crash; another cautionary tale for the greedy and hasty.

1 Like

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Doyin2(m): 11:51am On May 23
ivandragon:
This piece is entirely my own personal opinion. I welcome constructive criticism.

There is no gain saying that the Nigerian economy is in a mess at the moment. Whether you support the APC or not, the glaring truth is that the present trajectory of the economy is worrisome.

The main issue on the front burner at the moment is the minimum wage.

While labour has proposed 615k which is not realistic, the government has offered 48k which is ridiculous.

Though labour's position can be reasoned with, the truth is that the economy at this time cannot sustain such wage structure across board (government and private levels). The 48k is however too little to make a significant impact on the present level of hardship.

For any minimum wage to be impactful, it must be accompanied with either stability of current prices or more preferably, an immediate reduction in prices (let's leave all the inflation jargons for now).

Given this conundrum, I am of the opinion that Nigeria finds an innovative minimum wage structure to lean on for now. It does not have to copy any other country's pattern, but something unique to our present situation.

It would be a 4 pronged approach.

1. Devolution of the wage structure;
2. Reduction in government expenses;
3. Fixing of customs duties and
4. Addressing corruption through taxation.

1. Devolution of the Wage Structure

There needs to be a partial devolution of minimum wage that would depend on productivity, business structure & revenue. At least for now given our dire situation.

For instance, nano & micro businesses with annual turnover of less than N10m can have a minimum wage of 60k.

Small businesses with annual turnover of over N10m but less than N250m can have a minimum wage of N100k

Medium businesses with turnover of over N250m but less than N1bn can have a minimum wage of N130k.

Big businesses with turnover of over N1bn but less than N10bn can do N160k

Very big businesses can do N180k.

Governments should take a middle stance and do N126k.

Doing this should ease pressure a bit.

2. Reduction in Government Expenses

Cut cost of governance at all levels. To start, all elected officials and political appointees should be placed on the government minimum wage immediately. They should also make sacrifices.

Also, stop all purchase of foreign vehicles by government officials even if such vehicles have already been imported. Buy only locally assembled vehicles. Exceptions would of course be given to specialised vehicles (tractors, trailers, excavators etc) that can't be assembled in Nigeria.

3. Fix Customs Duties

Peg the customs exchange rate at N500 to a dollar. A key reason why goods increase is due to high duties & instability. Government needs to sacrifice a bit by pegging customs duties at N500 for at least 1 year. By this, businesses can plan in the medium to long term.

Of course, the government has to ensure a drastic reduction in prices of goods and services by implementing policies to push down inflation within 6-10 months. So it would have to look at other areas too where levies can be reduced.

4. Address Corruption through Taxation

Rather than tax Nigerians to death, tie everyone's income to assets to taxes. Your assets must reflect your income and your income must reflect in your taxes. That's the only way to reduce corruption and also increase government revenue.

Today, we see people buying multiple cars worth hundreds of millions of naira. Buying houses worth billions every other month. Living extremely lavish lives... yet, their source of income is shrouded in secrecy and taxes are not reflective of thier assets and incomes.

It is ridiculous that a person has assets worth over N1bn but has an annual income of N8m and tax payment of less than N800k... these are the areas government loses money. For those who use fronts and companies, its even easier, check the revenue of the company and than its taxes.

Conclusion

Of course, there are other areas government needs to work on such as security, repairing infrastructure, reducing the overbloated workforce at government level and others, but within the present context of the minimum wage issues, the 4 measures might help.

Thanks for reading...

Well intentioned proposals, but lacking in merit.

Minimum wage is the lowest benchmark below which no organisation or government must pay.

So organisations are free to pay higher than the minimum wage provided their profit margin can accommodate it.

So your stratification is baseless .

Also you pay salary based on your profitability and not turnover without considering cost of sales.

Basing minimum wage on Turnover or even profitability,would be subjected to a lot of fraudulent manipulations and interpretations that would be absolutely difficulty to monitor and control nationwide.

The present use of staff strength of at least 50 persons is quite okay and very much easier to monitor.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Yong4ever: 12:08pm On May 23
Bamss1:
Labour just dey make me laugh with their figures. Are they really serious? They should be realistic na. How do we jump from 30k to almost 500k
Ask yourself if the Naira still has the same purchasing power it had when minimum became 30k...
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Yong4ever: 12:10pm On May 23
Yong4ever:
Ask yourself if the Naira still has the same purchasing power it had when minimum became 30k...
Ask yourself if the Naira still has the same purchasing power it had when minimum wage became 30k...
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by DonXavi(m): 12:26pm On May 23
Bamss1:
Labour just dey make me laugh with their figures. Are they really serious? They should be realistic na. How do we jump from 30k to almost 500k
You are the one not being realistic. I know you are saying what you are saying just because of your support for the person in power. Prices of things that was 40k 2 years ago have gone astronomically up to and above 400k

https://www.nairaland.com/8099116/samsung-ac-price-2015-vs
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by mastermaestro(m): 12:29pm On May 23
superCleanworks:


You seem to have the interest of Nigerian workers more than NLC.
1. Please how did you arrive at this your figures?
2. When are you going to come out to meet and negotiate with the government instead of typing such wise words from your bed while men and women risk everything to look government FACE TO FACE and say NO.? When will you do that? Just as I thought. NEVER.

You can join NLC in their delusion. No government is ever paying 200k, not to mention 500k. So you think it makes economic sense to jack up minimum wage from 30k that some state governments cannot even pay yet to 500k? Be realistic and reasonable. This is why NLC isn't taken seriously.

Let them embark on industrial action till eternity, the government will not even offer them 150k. You are free to join them in their fantasy chase. With the 80k to 120k I suggested, still expect backdoor retrenchment. You think running an organization is a joke. You wake, jack up salaries when profits aren't increasing. Wake up and grow up!

2 Likes 1 Share

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by superCleanworks(m): 12:35pm On May 23
mastermaestro:

You can join NLC in their delusion. No government is ever paying 200k, not to mention 500k.
I just want to learn from your expertise. No need for ranting.

You seem to have the interest of Nigerian workers more than NLC.
1. Please how did you arrive at this your figures?
2. When are you going to come out to meet and negotiate with the government instead of typing such wise words from your bed while men and women risk everything to look government FACE TO FACE and say NO.? When will you do that? Just as I thought. NEVER.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by callmenazarene: 12:36pm On May 23
On labour issues I know nothing. Only what I know for sure is that this government is working. We can't pay more than sixty thousand naira for labour even if a bag of rice was sold for a hundred and twenty thousand naira.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by callmenazarene: 12:41pm On May 23
On labour issues I know nothing. Only what I know for sure is that this government is working. We can't pay more than sixty thousand naira for labour even if a bag of rice was sold for a hundred and twenty thousand naira.I beg, where is Manna. We at Nazarene are missing him and his darling daddy. Hope He's not relocated to Daura with his daddy.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Bamss1: 12:51pm On May 23
Capernum:


You're not a critical thinker...

Was it realistic for 300% hike in electricity, fuel, transportation, basic foor items like rice, beans, yam and Gari.

If it was realistic, then minimum wage increment shouldn't bw difficult.
Mr critical thinker, the way to stabilise an economy or reverse hyper inflation like we have is not to pump more money in. It will only get worst.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Ynix(m): 12:55pm On May 23
Okoroawusa:

Have you asked yourself how many people live in Mozambique not to talk about its federal workers?

Ghana is 35 Million and their minimum wage in Naira is about 49,000 it has drifted from $60 to about $33 in USD. Mozambique is 30 Million poorer than many countries in Africa. We aren't just interested in Economic growth as we ought to. It is not sufficient that we spend so much on infrastructure than the people.

America is about 400 Million, their minimum wage is about $5000 per month, that is about 6.5 Million Naira, UK is about 80 Million people their minimum wage is about £340 per month about 6.6 Million Naira per month.

If South Africa is doing $1200 per month as Minimum wage why can't Nigeria be able to do half of that and then downsize the amount of civil servants, increase tax net then grow industrialization so as to foster simultaneous Economic growth.

Nigerians are not lazy, give them more money, more tasks and see how they will surprise you with positive impacts
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Bamss1: 12:59pm On May 23
Kyn4life:


Your comment make me laugh with your level of reasoning, are you kidding me right now? You should be up to date with the present economy realities. How do u just jump from #230 per liter worth of petrol #950?. How do you just jump from #8,400 per bag of rice to #85,000 per bag of rice?. How do you just jump from #800 per painter of Garri to #3,600?.. The list goes on and on. Do you think #30,000 or #54,000 minimum wage can take care of all this within a month? Or do you think Labour will start from #80,000 to bargain so that at the end of the day they will still land in #54,000 minimum wage as it is now? Try to be reasonable. This is purely bargaining power.
How much do you think you will pay for all these items you mentioned if the least worker is paid 500k? Am not saying wages should not be reviewed but 500k is not realistic or advisable.

2 Likes

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by ivandragon: 12:59pm On May 23
Doyin2:


Well intentioned proposals, but lacking in merit.

Minimum wage is the lowest benchmark below which no organisation or government must pay.

So organisations are free to pay higher than the minimum wage provided their profit margin can accommodate it.

So your stratification is baseless .

Also you pay salary based on your profitability and not turnover without considering cost of sales.

Basing minimum wage on Turnover or even profitability,would be subjected to a lot of fraudulent manipulations and interpretations that would be absolutely difficulty to monitor and control nationwide.

The present use of staff strength of at least 50 persons is quite okay and very much easier to monitor.


How do you pay salaries on profitability?

Salaries are fixed payments based on pre-existing agreements. Except you want to refer to profitability bonuses which are very different from salaries. So you are yet to make a concrete meaning.

Monitoring turnover is very easy especially through taxation which is why I added the need to tie income, assets and taxation together.

You can have a large workforce with low productivity. Look at farms in the North for instance. So a farm with 100 workers should pay higher simply because it has more workers? Think about it...
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Bamss1: 1:06pm On May 23
LordofNaija:

But it is realistic to spend 15bilion on vp residence and 150m for suvs for national assembly members. Idiot
I would have educated on something, but judging from how you ended your quote am sure your IQ is nothings to write home about so you won't understand
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Bamss1: 1:12pm On May 23
PrinceofSarcasm:


You are inhumane and evil
Even this one that can't express himself in a civil way wants to be receiving a minimum of 500k. No wahala
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by PrinceofSarcasm: 1:15pm On May 23
Bamss1:

Even this one that can't express himself in a civil way wants to be receiving a minimum of 500k. No wahala

I merely pointed out that your obviously lack of empathy toward their plight showed you to be evil and inhumane.

This wasn't meant as an insult but merely an actual reference to your behavior.

One doesn't have to be a civil servant to empathize with them. You should exhibit more emotional intelligence.

Cheers
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Bamss1: 1:19pm On May 23
Ajehkpako4naija:
keep defending clowns, but your daft of a president spent 90 billion on hajji trips to Mecca. U think this country don't have money?? Do u know the billions looted on daily basis, and yet u want to pay peanuts to labour. Keep defending nonsense
That I do not share labours position doesn't make me anti labour or pro APC.
This is just simple economics

1 Like

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Bamss1: 1:33pm On May 23
PrinceofSarcasm:


I merely pointed out that your obviously lack of empathy toward their plight showed you to be evil and inhumane.

This wasn't meant as an insult but merely an actual reference to your behavior.

One doesn't have to be a civil servant to empathize with them. You should exhibit more emotional intelligence.

Cheers
Am not against wage review but 500k? NO!
So min wage is 500k, bag of rice 300k.....
Do you understand what am talking about at all? You should, you did some of this elementary economic in sec sch
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by PrinceofSarcasm: 1:51pm On May 23
Bamss1:

Am not against wage review but 500k? NO!
So min wage is 500k, bag of rice 300k.....
Do you understand what am talking about at all? You should, you did some of this elementary economic in sec sch

How did you arrive at this approximate price increase and dedudce it would be caused by the wage increase?

Why didn't the astronomical wages being reviewed by the executive, Senate and house of reps cause the same price increases?

Stop crying wolf.
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by LordofNaija: 2:00pm On May 23
Bamss1:

I would have educated on something, but judging from how you ended your quote am sure your IQ is nothings to write home about so you won't understand
Big fool
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Slurity(m): 2:10pm On May 23
Ofunaofu:


They are being realistic bro

The only people that should be realistic here is the government
YOU SPOKE WHAT MANY PEOPLE WILL LOVE TO HEAR BUT BELIEVE ME, ITS NONSENSE.

1 Like

Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by comrChris(m): 2:12pm On May 23
helinues:
When the labour union are ready to come up with a realistic proposal, they should let us know

They should let you know as per who?
Keep overrating yourself
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by uchwar1: 2:21pm On May 23
Validated:


When govt approved N30k minimum wage in 2018, $1 was N167, so that amount was about $180. Even then a litre of petrol was N87. That amount could get you 345 litres of petrol.

Fast-forward to the economy destroyed by Tinubu, the N30000 or $180 then is now equivalent to N280,000. Also, the 345 litres of petrol is now about N267,000 post subsidy.
So, tell me how N500,000 is unrealistic, when you ought to increase minimum wage by nothing less than 45%. We all remember that they increased it from N18000 to N30000, a 67% increase.
2 bottles of chilled Heineken for you. I hope he has something to say again. In as much as you are correct with your analysis, Tinubu is still achieving his campaign promises; reducing your purchasing power, comparing supply and demand (oil), eating agbado and so on...
When one writes reasonably, he or she would be termed "Obedient". It is well
Re: Labour Wants ₦‎497,000, FG Laments Paucity Of Funds by Scarcity234: 3:06pm On May 23
helinues:


They are being realistic with N500k as minimum wage?

Where do they expect the government to get the funds? To borrow or to increase more tax base which Nigerians are fuming at both?

What should happen to private sector workers, how would they be able to cope in the same economy where the government workers would be earning X300% of their basic salary?

What do you think would happen to Nigeria economy with government paying N500k as salary? Inflation of course.

So what's realistic about Labour's proposal
But the government are being realistic by raising inflation to over 300% while expecting the masses to survive on less than 100% increase.

Where was your voice when the salary of judgea were raised by 800%?

Why didn't the government think of paucity of funds then or when they started the coastal road that its construction will outlive their regime?

Given the welfare of labour, and caostal road as a choice, which would you chose?

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