The minimum wage in Nigeria is now #70,000 says the Federal Government of Nigeria. In the fuel stations across the country, petrol pump price is between #1000 and #1500.
My questions are:
1) How many state government can pay her workers #70k as minimum wage?
2) How many private company have you seen paying the former minimum wage of #30k for her workers?
3) How many private school for instance in towns like Iseyin, Okeho, Ipapo, Sepeteri; all in the northern part of Oyo State have you seen paying #18,000 as minimum wage to her workers.
Remember, we had #18,000 as minimum wage before it was increased to #30,000 and now #70,000.
4) How many small scale businesses that uses generator to power their production do you think can sustain production/business with the petrol being sold at between #1000k and #1500k. At the moment, prices of commodities including the prices of raw materials for the small scale business owners in the market have increased. And we all buy from the same market.
The resultant effect will be;
1) Some industries and small scale businesses will be forced to stop production or alternatively, relocate to another country.
2) Loss of job which will further compound our unemployment and underemployment problem in the country.
3) Increase in robbery cases, kidnapping for ransom, ritual killings and loss of lives of the poor and innocent Nigerians due to increase in crime rate.

If someone have the connection to get to the President and those in Government, please help to explain to them that the solution is not in increasing the minimum wage and increasing the fuel pump price.
In my own opinion, the solution lies in;
Government should maintaining the minimum wage at #30,000. Reversing the fuel pump price to a low rate of say #150/ #250. Some say that petrol is costly in some neighboring countries and that some unpatriotic Nigerians will smuggle it out to make quick money. Let the Nigeria custom service do the needful but again, if the economy is good, smuggling will be reduced to the minimum. Setting up a price control board to monitor the prices of things in the market. By an act of legislation through the National Assembly, cutting down and reducing the salaries and allowances of our National Assembly and other political appointees. They ought to be able to make this sacrifice in the face of the present challenges in the country. Empowering our local vigilantee groups and other private security companies in Nigeria and if possible for better coordination, bring them under one body through the provision of the National Assembly. They may be called “The National Guards”
The local vigilantee groups and the private security guards in the community knows the terrain of the community than the conventional security guards that we have. Look for a way to resuscitate oui dead industries/companies like the textile companies in kaduna, our car assembly companies, wire and cable in lbadan, Exide batteries etc. Looking for a way to solve our electricity power generation and transmission challenges. The average Nigerians are suffering but smiling because prices of the basic things in the market are so high that Nigerians now finds it difficult to feed not to talk of hospital treatment and medications. The truth is that a military takeover of government is not the solution and it is not possible in Nigeria at the moment.
However, we are setting the stage for a bloody revolution if things continue the way it is at the moment.[/center]

Deacon Olusegun Adedokun.

The minimum wage issue is dead on arrival because of naira floating and subside removal. Although, Tinubu used that policy to confuse Nigerians to enable him rub Peter to Paul politically.