₦airaland Forum

Yardsale in Laspotech 2nd Gate, Ikorodu, Lagos.
Call or WhatsApp - 081-809six-753zero

Fairly Used Portable Polystar Air Conditioner
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NB; The flaps that control where the air goes isn’t moving anymore, so the air goes only one way

Price N120,000

That's easy. It's just chemicals that are detrimental to humans. No secret there.

Emeskhalifa:
If everyone can fall back to Agriculture without making flimsy excuses, we wouldn't have been on the street with that hunger protest.

Watch these Chinese videos on YouTube and see how they are farming inside nylon even at home.


Lets be sincere for once, how many of us are into farming? Even if na small farming for house? But all of us dey chop abii?

We Keep blaming government without even lifting a finger to contributing our own quota no matter how small it it will be

Meanwhile, Agriculture as a subject should be made mandatory in all levels of school, so long you are human being, who's alive, you eat food, I don't see no reason why it should be an optional subject

You've fallen for the propaganda. It is the capitalist government that doesn't give access to natives to own land inorder to begin agriculture. Agriculture is not rocket science, even some land 'followcome' with plant. Before colonisation, every African had right to own land, now even in the village land is expensive.

The government have perfected the propaganda that you now begin to point blame at yourself and everybody else but the govt. Pointing to youths that have NOTHING, barely 20 years on earth, telling them they're the problem.

WizardOfNG:
Sir, it is not wise in this age of globalisation and the need for nations to pragmatically work with the best, wherever the best comes from, to talk of 'Colonisers'.


Consultants and appointees never become the boss of hands-on and solutions-driven employers.

It is actually personally interesting to me you make this point about fear of the 'colonialist' many Africans harbour.

I have always been of the opinion that there is nothing wrong with even partnering with an enemy who has knowledge or services you need as long as you take charge of the parameters of engagement to get what you want out of any dealings with them.

That is what African leaders fail to do leading to African nations always losing out in trade, economic and partnership negotiations with the 'colonisers'.

The average African then interpret that failure of our leaders against Western partners to mean those folks are wicked and evil without understanding it is our leaders who are corrupt, weak and incompetent that are letting us down.

You tabled the argument, gave your point and then mentioned my own point as well in my stead. Thank you. Your last sentence is exactly what I wanted to write.

Our leaders who are corrupt, weak and incompetent are letting us down. They are colonised bourgeoisie and their duty from time is to work with colonisers to make sure Nigeria doesn't develop, so as to remain a market for cheap products for colonisers.

In such an arrangement, why would you believe then that there aren't Nigerians that are up to whatever task you bring forward if it's not complete propaganda and white washing (no pun intended). Nigerians are littered all over the world doing exploits home and abroad but you still choose colonisers. The same colonisers behind the great depression?

SmartPolician:
I don't need to join anyone to know that managing and growing the economy is the biggest task before any political leader anywhere in the world. There are no exceptions.

I think you need to rid yourself of that master-slave concept. The world is increasingly getting globalised. Nigerians are leaving this country in search of opportunities elsewhere and Asians are sleeping in the Nigerian embassies in their countries just to come to Nigeria to work because Nigerian companies pay them better than their own companies.

If our people are not ready to do the job, I will source experts from elsewhere to get it done. Corruption and vested interests have reduced Nigeria to nothing.

So confident too 😅

It is important for me to mention the master-slave concept because you're perpetuating it unknowingly. You've been conditioned to think colonisers can do everything better, the same ones that brought about the great depression. The only Economics white people really know is exploitative. Na them start the pyramid scheme called banks nau, did you not hear that your govt has forgiven private bank owners of 7billion dollars debt in your name?

I repeat, no matter the task, there are millions of Nigerians that can handle it.

Listen to yourself. If Nigeria is paying better why are our people leaving? Shouldn't it occur to you that the Chinese are simply coming here to exploit us? And with all the Chinese you've been employing all these while, is Nigeria better off?

You're confused and that's ok, all you have to do is raise your consciousness. You'll find that your political elites have always been in cohorts with colonisers to make sure Nigeria doesn't make progress simply for their own gain.

Read Frantz Fanon's Wretched Of The Earth. You can find the PDF online. As Frantz Fanon explained, if you should become president, your main duty is revolution against white entities and the finished point of revolution is socialism.

SmartPolician:
Osinbajo is a lawyer. He cannot do anything.
If I ever become the president of Nigeria, I will hire an American economist as my coordinator of the economy. Give him terms of service, pay him good salary and give him targets.

There's a reason why the most successful Nigerian companies are run by foreigners.
Such a person won't have any vested interests and will go against evil men destroying Nigeria's economy. If he doesn't meet my expectations, I will sack him and send him back to his country.

You still have a lot of consciousness elevation to do if you think it's wise to invite a coloniser to sort out an African issue.
Your elites have lied to you making you think Economics is such a difficult thing that no black man understands.

Join MOPCENTRE now on IG so you can raise your consciousness and so we can take back our country from our colonised "bourgeoisies" that keep assisting colonisers exploit us.

Antoeni:
Ladies f you are not ready to be LOYAL AND SUBMISSIVE to a man, stay single and be m!ser@ble.

If a man can't tell you what to do, stay in your father's house and suffer with a Love Machine every night for the rest of your life

Lmao let's agree that the duty of the wife is to be "submissive" to her man. The duty of a man is to serve and to protect. Are we Nigerian men protecting our wives? Everyday our natural resources are exploited and sold for cheap to foreigners, are our women really safe? Can your "submissive wife" take an evening walk and feel safe?

We Nigerian men must fulfill our own duty of protecting and service. When we fulfill it, you wouldn't have to request for a woman to be submissive to you because when your country is in order, you as a man will live a life of dignity where abstract values matter.

sprints1:
People deceiving people who are the idiots in this health line... Which cancer is curable the disease you created by messing up the DNAs of crops we eat we eat processed foods... These days even insects and fungus are more smarter than humans imagine bread of 4 days not decomposing and you say it is normal... We eat GMOs castrated fruits and you expect UA not to have chronic kidney colonrectal and other dangerous cancer... What is cancer abnormalities in the tissues of human body when you Ingest and absorb materials that are not meant for the human body you are bound to experience such... I have nothing to lose this news is fake... The real cure will never be released

The worst part is nobody is passing down the memo. Everybody keeps acting like they don't know what's causing the cancers allowing innocent kids partake in their callous lifestyle, eating all the processed foods and drinking alcohol that they created and literally force down their throats.

Even other than the food we eat, the air we breathe is impure from the machines and incapable of helping the body stay properly oxygenated. Even the air conditioning most sleep under all night is another cancer assisting machine.

Stupidity all in the name of modernity/industrialisation.

gambus007:
Nope, Managing the situation.

Wow that’s serious. How many years now?

Ever since I had the symptoms of indigestion and diarrhoea in 2020, I’ve been experience shortness of breath 24/7 and headaches which has reduced thanks to intense exercising.

Even after treating acid reflux, indigestion and diarrhoea, my shortness of breath and headaches remain.

And I feel I'm getting worse cos about a year ago, I noticed I'd sweat a lot walking short distances. Now I'm a sweat machine. I sweat even in my buttocks just by sitting down.

gambus007:
Yes,that if you have internal bleeding and it can also cause back pain and joints aches too. stomach Ulcer can cause alot of issues including heart issue, anxiety, depression,bloody stool,shortness of breath, stomach cancer (rare),lightheadedness, dizziness,heart palpation( some are associated with durgs)etc. Go with contumely's advice that will really help. However you might have issue of parasites infection in your system so get a good worm expeller that might take care of your weakness and tiredness. Note, am not a doctor, my advice is based on my experience as ulcer patient..two years am still battling with it. Try also read about Acid reflux because you might also experience that too.. You can also try honey with turmeric for weakness and tiredness.

Hello did you find a permanent cure to your ulcer?

Available

I knew Japan was definitely going to be on there. Their entire zone is riddled with natural disasters and my best bet is that it is from the activities of the USSR. Just like cancer is clearly from environmental polution and bad foods.

I read an article of USSR back then drilling the earth thousands of feet for strategic reasons to win world war one.

Foolishness.

Sexuality actually has a spectrum just like autism.

Austism is a spectrum and a little shift towards the left which is absolutely normal, could create a genius. BUT I strongly believe that one can alter the DNA to force birth of kids who are seriously on the wrong end of autistic spectrum far beyond the range of genius and so they birth children that can't even feed themselves.

Same theory goes for the sexuality. A little bit down the line of sexuality spectrum you find beauty. In here is where you find men that have feminine looks that make them look like they were carved or you find women with such masculine voice that mesmerises when they sing who have never questioned their sexuality. But just like the autism, altering it to move the dash to the far end will cause confusion about the gender.

Things I believe cause this altercations ;
- Unnatural foods with all sorts of chemicals in it. Especially all these American foods.
- Toxic air that changes DNA
- Drugs
- Microwaving foods.

To yield to the heat of flame
On the bridge to new purpose
Creating the institution of mundane
So we flee the infernos of the green vessel

A poem for Nigeria

IAmHim1:
Whenever the commercial banks give out loans, new money is being created in the system and if this new money isn't backed with the production of local goods TO MATCH, THAT'S INFLATION SPELLED OUT

Worst still if the borrowers of such loans DEFAULT on their loans because of interest rates to service the borrowed loans

---Farmers are not in their farms producing for the nation because of something... forcing us to use our naira to import food

---Big Investors like totalenergy are being driven out of Nigeria too BECAUSE OF SOMETHING... forcing us to rely mainly on oil sales as our forex inflow


That SOMETHING has crippled the NIGERIA economy
THAT SOMETHING IS THE MAIN PROBLEM OF NIGERIA. THATS THE ELEPHANT IN THE ROOM

AND THAT SOMETHING NEEDS TO BE THOROUGH DEALT WITH MERCILESSLY

This is what I was trying to explain to someone on here a couple of days ago. Increasing minimum wage is not the solution. It's even a funny notion to economists. You didn't show up to your business because of termite infestation, and then in the middle of the year you borrowed your friends money that they should pay back b4 the end but they didn't. You basically ran your business into the ground, then at the end of the year, you decide you want to increase your salary😂

We must actually get to work. The security agents must secure the country so we can increase agricultural production. The govt must use the money from oil subsidy to invest/provide jobs or return subsidy. And in the private sector, all the money we borrowed Dangote and others that caused inflation, they must begin to give it back or become productive. Dangote refinery must produce affordable refined oil to Nigerians

IAmHim1:
I've written an in-depth analysis of this topic so I'll be brushing over the points I made here:
https://www.nairaland.com/8101772/nigerias-inflation-introduction-subsidy-old

So into the bone of this post


1) Introduction of subsidy on OLD okash, okay, palm credit, Branch, Carbon loans.

The subsidy to be introduced ONLY takes care of the interest rates being charged on these old loans AND it is for a limited time only to enable mass adoption

Nigeria, like the united States, runs a debt based economy and is currently experiencing inflation.

and guess what

For a debt-based economy to work, we need LOANS/DEBT. The moment all loans/debt is taken from Nigeria's economy, NIGERIA AS A COUNTRY WILL COLLAPSE

So by taking away *some* loans from the Economy, the excess money in circulation is massively reduced and the economy can still function.

2) Go HARDER in tackling INSURGENCY in the country.

INSURGENCY is the elephant in the pool in Nigeria's economy crisis. WHATEVER THE CBN DOES WILL NEVER WORK if insurgency isn't tackled.

Yes,

first of my name,
Breaker of chains,
prophet of doom

Point 1 WONT be EFFECTIVE if point 2 isn't implemented.

Insurgency(insecurity) not only drive away farmers that support local production from their farms BUT it also drives away investors looking to pour forex into the country as such investors won't feel themselves, their staffs and their investment would be safe.

With farmers not producing, Nigeria is forced to import food to feed its population by EXCHANGING the naira hence devaluing it and with forex leaving the country when foreign investors choose not to invest, our means of earning foreign exchange is further limited

Nigeria recently lost a $6 billion deal from totalenergies to Angola and here's what the CEO of Totalenergies, Patrick Pouyanne, has to say about the lost deal:

"What are the challenges? Security COMES FIRST. For a CEO like me, security of my people is of utmost importance."

3) Implement a 'floating' Fractional Reserve ratio system of economy

Nigeria recently increased interest rates. This action aims to discourage borrowing and encourage savings by its citizens.

But saving in commercial banks is how loans Is created via Fractional Reserve Banking. The lower the reserve ratio of a country, the more the currency in circulation and the higher the reserve ratio, the lesser the money being multiplied by the commercial banks in that country

Since the interest rates have been increased to encourage savings in commercial banks, and commercial banks need deposit to create loans, the fractional reserve ratio needs to be increased further UNTIL point 2 is taken care of, because if the money in circulation in a country is greater than the good being produced in that country, INFLATION is bound to happen.

NIGERIA HAS FEW TANGIBLE PRODUCTS IT PRODUCES

As I've always said, the price of food stuffs in the markets is NOT GOING UP. it's the value of money that's going down. That's why more money chase few goods than before -- money is losing value due to the newly created money NOT being backed by local production of goods. New money takes money from old money in circulation.


SECTION B

When the economy eventually picks up, and there is few money in the economy which might lead to a recession, what should our dear Nigeria do:

1) Introduce a negative interest rate charged on cash or electronic deposits kept in an account for MORE THAN A MONTH. this matches the time salary earners will receive their monthly salary so people are encouraged to withdraw their old salary because they will be expecting a new one by month end.

And since the negative interest rate will be charged monthly on dormant money, citizens will be safe financially

how's that for sound logic kiss

Negative interest rates is the reverse of positive/increased interest rate: people are encouraged to take loans AND PAY BACK LESS THAN THE AMOUNT THEY BORROWED grin grin and if they choose to save their money in banks, they will pay heavily for saving THEIR HARD EARNED MONEY grin

So the movement of currency from one account to another will give room for fractional reserve banking to multiply the money and stimulate the economy

And WHEN insurgency is tackled and farmers return back to their farms and foreign investors start trooping into the country to do business, THEN FRACTIONAL RESERVE RATIO SHOULD BE REDUCED

what do you think?
I'm open to constructive criticism

If you found this insightful, please share so others can read and gain value like you did. Thanks!

I never even thought of the ever rising rate of interest (old loans) on all these Carbon and Fairmoney apps. It's inflation at our fingertips! The government has to intervene somehow!

IAmHim1:
Hie guys

Remember I said fractional reserve banking works on reserve ratio set by the central banks of any country

I'll give an insight and possibly a slight correction

The fractional reserve banking happens only after the vault cash has been extracted from the deposit


So if a customer deposited #1000 and the reserve requirement is 10%, #100 is kept as vault cash while #900 is multiplied ie loaned out and replaced with #900 bank credit which is essentially the bank saying 'i owe this account and as soon as the loan I gave out by borrowing from this account is paid back, I'll return the amount I borrowed from the account'

The bank then charges interest on loans because it's doing a risky business and it has to pay itself because if the borrower and the real account owner were to walk into the bank to demand their money, the banks won't be able to produce it simultaneously for the two different customers

I said their money because it's essentially the borrowers too since for the borrower to obtain the loan from the bank, he or she MUST HAVE DROPPED A COLLATERAL for the bank to give such loans. So yes, the borrower now has a stake in the loan as HIS OR HER MONEY

for this example using #1000 as deposit, It's the #900 that is multiplied NOT THE WHOLE DEPOSIT of #1000

So 1/ reserve ratio= 1/ 10% = ×10
So #900 × 10 = #9000

Heads up.

Didn't want to go and hide and edit anything so I decided to lay this bare here so constructive criticisms and questions...
I'll explain when time permits

FBI wants to know your location sir

I believe some of our Nigerian elites who borrow from the banks for "new ventures" don't even pay back. Some use the money to be eating lavishly, dashing their girlfriends and buying foreign cars.

But instead of them to be brought to book by EFCC, you'll never see them. Elumelu will never report his friend Dangote. The commercial banks will rather use their lending window and borrow exponentially from CBN, forcing an inflation on the people. It's like doing ajo 400k and the guy that takes the first 400k says he's not doing again. So we all have to work harder to increase each deposit to meet that same 400k since we're missing someone.

The business elites and the political elites are in cohorts in destroying this country. The political elites don't do it with any tact.

IAmHim1:
CBN is getting it all wrong.

--- Increasing interest rate is the least of Nigeria's Problem
--- Increasing the fractional reserve ratio IS ALSO the LEAST of Nigeria's Problem


What exactly is Nigeria's Problem Economically speaking??


1) Farmers don't plant enough to go round


2) Too much money in circulation via loans. I've created a way to solve that already

https://www.nairaland.com/8101772/nigerias-inflation-introduction-subsidy-old


2) The available food crop then acts like a mop to absorb the excess money in the economy

And guess what?

Food price rises.

Understand this: ITS NOT the price of food rising. ITS THE VALUE OF MONEY DECLINING




Minimum wage has increased but Boko Haram hasn't been tackled so Farmers cant return to their farms.

Now what exactly is the minimum wage going to do?? You have physical money but you don't have physical food because insurgents are driving your Farmers away from their farms

The excess.money now goes into importing food further reducing the value of our naira. And you hear people complain months after that the new minimum wage isn't enough




I detailed this here
https://www.nairaland.com/8081414/nigerias-inflation-state-federal-governments


THE ELEPHANT IN THE ROOM regarding Nigeria's economic mess IS KNOWN. EVEN THE BLING CAN SEE IT CLEARLY

Fix this and a 50kg bag of rice becomes #25000 or less before December 2025
https://www.nairaland.com/8107351/nigerias-govt-alternative-minimum-wage



Good luck!

In summary, because production is low, demand is higher than supply, inflating the prices of everything.

When Nigeria ran out places to demand locally, it started demanding internationally what it used to produce before. Further devaluing the naira.

triplechoice:
1. I said cost of living or inflation cannot be stopped from rising. You have just replied with, "Inflation can and has been reduced " But I said it can only be managed. Did I not say so? So tell me, what's the difference between "it can only be managed" and what you just replied with?

2. When I say inflation is normal, I'm referring to the rise in the cost of living as something to be expected in any country where economic activities are going on and there's a government to influence things, and not what you think.

3.Economics theory are founded on human behavior which is very difficult to predict. That's why they're not as reliable as those of the exacting sciences like chemistry or physics.

And so, using your brain as a file card for such economic theories or principles and rehashing them in your head in order to give predictions about the future can become like guess work sometimes. What you're saying now about minimum wage and inflation in Nigeria,, was the same others , (you included, I suspect so) said 5 years ago when Buhari was about to signed a new minimum wage of 30k: "It will lead hyperinflation, and the economy will collapse, Nigerian will turn to Zimbabwe" blah blah. But here we are again, 5 years after,the same predictions are being made everywhere , and in another 5 years you will still come up with same talk . Is the current economic climate due to the expired minimum wage of 30k? No. But the economic policies of the current government.

4. Finally, you may not need to own a business or employ anyone, but at least have some practical experiences working with businessess in order to put to practice what you have learnt so you can fully understand it better if not you're no different from a trained marriage counsellor who's never married trying to counsel those who are married or about to, on how best they can make their own marriage work. That's pure nonsense

You're even worse than I thought. Me and you are not saying the same thing, stop gaslighting.

This is not a situation where the theory about human behaviour applies. What are you even talking about? I think you need to stop talking. When the wage increase takes effect and there's a corresponding inflation, I'll come back here to tell you I told you so.

The only situation where wage increase doesn't cause an inflation is if the political/biz elites cut down their own wages drastically. The economy is already bottlenecked. If you don't agree with this, then I pity for you.

Cheers

triplechoice:
@ the bolded you are "the another clown".

Wage increase for an insignificant few, you ended up agreeing, will cause problem for the economy. But you said I contradicted myself when I talked of the benefits from the same thing. It's only in countries were a significant number of workers receives minimum wage that you can expect a dramatic shift in inflation . In Nigeria it's less than 5% . So, what are you talking about?
Inflation is normal. I said so before. Cost of living cannot be stopped from rising. It can only be managed.

And please learn to respect the people you engage with, and a stop referring to anyone as a clown.
You only have in your head theoretical knowledge of certain economic theories and principles and just think it must always apply in real life situation all the time.

If you're have no experience doing business in Nigeria and have employed anyone to work for you, then you still have a lot to learn before teaching anything

I apologize that I called you names but you came in hot saying I was giving wrong analysis when I was actually backing my arguments with real economic theories. Whereas you were just making your theories out of thin air.

You're gaslighting saying I am agreeing with you somewhere which is false. The one place I agreed you was 2 mentions ago where you said the govt must cut their salaries.

But now, you're even forming new theories in a bid to win an argument in an issue that's so dire. Why not listen to my own theories by known philosophists, you can even Google it and then counter with your argument.

"Cost of living cannot be stopped from rising" - Triplechoice.
My answer - Inflation can and has been reduced everywhere in the world time after time! When Supply is higher than Demand, you stop inflation. Interest rates, Good investments/Infrastructure and Productivity are ways to improve supply.

"Inflation is normal" - Triplechoice
My answer - When Supply = Demand which is equilibrium, that is what is normal.

"If you're have no experience doing business in Nigeria and have employed anyone to work for you, then you still have a lot to learn before teaching anything" -Triplechoice.
My answer - Business is not Economics. Maybe don't argue about economics with actual Economists?

triplechoice:
it was in the past when workers were paid in physical cash that such expression was commonly used by economic experts to warn of the consequences of printing more to pay salaries. But not anymore . We are almost operating cashless economy everywhere . What you receive as money these days is reflected as computer figures in your bank account , not physical cash. This is very poor analysis. How do you know productivity will not increase? Are you a business man with some experience?

You have ignored the fact that we're already experiencing hyperinflation due to some of the policies introduced by the current government which has not only drastically reduced the purchasing powers of workers,but as also led to the shutting down of several businesses that can no longer keep up with the ever increasing high cost of production and the inability to sell as they used to.

But once minimum wage is increased reasonable enough,it will help stimulate economic activities once again and favour local businesses, especially manufacturers who will then increase productivity to meet up with the surge in demand as a result of the increase in the purchasing powers of their regular customers

Increase in productivity means more supply to the markets. And this, coupled with competition from others producing the same kind of goods will result in price reduction in the long run and everyone benefits.

Inflation is normal occurrence everywhere in the world and it's not caused by just one thing. There are other factors involved , not only minimum wage. It's hyperinflation that's not normal. And there's nothing to suggest minimum wage increase will lead to that or further fuel it since the number of workers to benefit from it in Nigeria according to the law is less than 5% or about that of the entire working force in this country which is not enough to result in too much money entering the system.

Why's everybody blood so hot on this thread 😂😂
I even started laughing at you at some point. Which one is "as a result of increase in purchasing power of their regular customers". Abi are you actually a genius in hiding who's introducing unprecedented Economic philosophies greater than Adam Smith and Karl Marx's or you got the advice from a madman? Stick to known economic philosophies.

And you also contradicted yourself at the end. If it's less than 5% that'll benefit from the wage increment, why will there be an increase in productivity all over the economy? And it goes to show that you don't even know how wage increment works if you think it'll not mirror in the private sector.

And as for productivity, it is the increase in output with lesser inputs that increases productivity. It just simply means that your govt must themselves begin to work and reduce their own salaries and by so doing will put the people to work. Adding more input(salaries) to an already high input (leader's salaries + large workforce)will reduce productivity. This is economics 101. We have to cut the input but that introduces class warfare because your govt believe it is us the citizens that should cut our input more and instead work more like slaves to meet the required productivity just like they did with subsidy. I was telling another clown on here that if you leave a Capitalistic entity alone, they're ready to give you 1 spoon of soup as monthly salary if you don't join unions and request maximum wage(not minimum wage).

Some of you don't understand the junction Nigeria is at. It's so dire that an increase in your wages will cause an almost immediate increase in inflation because nobody in Nigeria is actually working. Everything is imported. The companies are leaving. Even the farmers are not working. Demand is way higher than supply.

You're actually due for a political revolution but you're busy arguing 100k salary 😂😂😂

wirinet:
Where have you been? I was beginning to give up on nairaland and thus Nigeria, because majority post I read here (save a few) shows our educated system is producing educated illiterates who can only read and write but cannot discern what they read.

Economic theories in our text books taught in our universities are just extentions of the colonial economy. They don't work and only ensures we continue to be suppliers of raw materials and cheap labour for Europe and the Americas . They are designed to progressively pauperise the people and cause instability. That's why I support 100% the actions of the coupists in Niger, Burkina Faso and Mali to expel the Americans and the Europeans from their countries.

Capitalism (the way it is promoted in africa) is not only foolishness, its insanity. Even the Europeans, Middle East and Asians do not practice the stupid kind of Capitalism the IMF and world Bank are trying to impose on us. We Africans were traditionally very socialist oriented, the whole community made provisions for the helpless, weak and vulnerable in society. Orphans, widows, the infirm, the poor were taken care of by the whole community. This new capitalism whereby every "man" for himself and God for us all is a strange concept, and we seem to readily adopt and even promote it. It is what has led to our insatiable and unbridled greed.


About African consciousness, Christianity and Islam effectively destroyed that.

I appreciate you my fellow awakened brother. You can't give up on the struggle, we must continually help elevate their consciousness so we can liberate Nigeria and Africa.

In Cheikh Diops Precolonial Black Africa, he explained why white people run Capitalist economies. Even during the Roman Empire, they were highly individualistic, greedy with private property and elitism even to their people, precolonial Africa was the opposite with social welfare at its core naturally.

In Europe, individualism and private property went on for many millennials. When European citizens could not bear it anymore and agitated, their elites decided not to share but to extend their Capitalism/Greed towards Africa (Imperialism/Colonialism) and then share the proceeds from Africa with their citizens. Until independence when our fake leaders infiltrated our political space so they can have their own share of the exploits. Today, the citizens in Europe and America are back to agitations. What's next? Another full scale colonialism?

And so today, the GDP of Nigeria is 400 billion$ while the networth of just one company in USA Microsoft is 3 trillion$. That means you can remove about 7 Nigeria out of just Microsoft. But Nigeria too wants to compete in the global game of CAPITALism. What capital does Nigeria have? We're yet to turn our resources into capital, all our resources are still turned to capital for white people and the only way out is to end neocolonialism.

Just like you said, the educational system is an extension of colonial economics. White People really finish work. To back Capitalism, they infuse propaganda. Tell us it's because of Capitalsm we have science and medicine😂. Things that have existed in ancient black Egypt under kings like Snefuru and the genius Imhotep.

I'm still on the fence about the activities of the military in Niger and Burkina Faso. They too like our elitist military could just be fighting simply for their own share of the exploits, trying to move into neocolonialism. Nigeria has been through this process before but I stand to be corrected.

And as for religion, I read in a book that I can't remember it's title now that it's the last piece of the puzzle for conquering a people. It gives absolute mind control. They'll just keep refusing new knowledge.
Education ~ Economics ~ Politics ~ Religion

Join MOP CENTRE on IG, a Nigerian political movement for the citizens. Let's take back our country from agents of neocolonialism and return the dignity of African people.

casualobserver:
With due respect, this is why I am an advocate for teaching in our local languages. It is amazing how people read but fail to comprehend! Do I have to spell it out to you? In my example of a farm with 10 workers and one with 3 with the same output is it not what you highlighted above that I am saying? Clearly the 10 workers are not working all the time and are peeing paid to be idle! Again do I need to spell it out. I really get irritated when people can’t understand what they read and then waste my time by quoting me to grab my attention.

Do you don’t understand the meaning of productivity? What are you saying what am I saying?

Jesus wept!,

As far as your other drivel, make up your mind whether you want a capitalist society or a communist society. You want to reduce the salary of the man who took risks to create a business that provides the opportunity for you to have a job or the man who studied hard to acquire highly in demand skills? Some people deserve to be on minimum wage just based on the level of thinking , the level of intelligence!

People are paid according to their value. A man who works to increase his value has the right to earn to earn as much as he wants, a man who doesn’t improve himself, learns no skills, spends all his spare time in church deserves minimum wage. This kind of thinking is why our national productivity is low.

Clearly you are also very naive, if you feel someone will invest in Nigeria if he can’t take his profit out…because his ancestors were Nigerian or what? Honestly the level of thinking of some of you is so pedestrian!

Why are you getting so riled up?

The fact that someone like you is even calling me names. 😂😂 I'm not naive, I'm just operating on such a high-level of consciousness beyond your comprehension, the kind some of our true African kings operated on.

Asking me if their ancestors are Nigerian. If you don't want to suffer from modern day imperialism and know that your country is worth everything, then yes you'd limit investors from taking profit out. They must spend it here.
Many successful countries put systems that limits investors from taking their profit out of the country. Vietnam and Russia are good examples and their economy is doing just fine. This is national economics 101 and they'll never teach you this at your yabatech abi where you school?

If you let me, I can open your mind so you quit spitting white supremacy/imperialism regurgitations all over the place. Capitalism is foolishness. It's origin is greed and I have evidence. "You want to reduce the salary of the man who took risks" stupid question. The important question is how can you give a man access to infinite wealth/resources in a finite planet?

You don't know the series of clashes working class before you have had with the bourgeoisies to make sure you're not currently working 24/7 locked in a warehouse for a spoon of soup. If you leave capitalists alone, they will pay even you with your yeye skills peanuts because there's 1 million of you available. What value is your skill if you can't have access to resources owned by Capitalists? As a working class, your only true value is in unity, in unions.

When you open your third eye by continually seeking knowledge aligns with your spirit, you'll understand the history of the things around you and why Nigeria a country without capital should never ever consider capitalism in this world.

triplechoice:
I don't understand why someone of you keep mentioning printing of money to pay as if civil servants will be paid in cash.

The physical money in circulation is already enough to go around . Most people have embraced Internet banking for making transactions, and the money transferred reflects in the recipient 's account as computer figures, not raw cash.

And every worker we not withdraw physical cash on the same day salary is paid. Most of my transactions these days are through bank transfer and it's so for many others.

I know they'll not be paid in cash but it's just an economic expression to make people understand what I mean. Basically, the money in circulation will increase without productivity to match it. Demand will pass supply and that's an inflation.

givedemwotowoto:
How much Trump’s former senior special adviser Oma Rosa earning? $175,000

That was the average salary of a software engineer or medical doctor

Politicians in Nigeria earn too much and this is absurd for the useless job they do

Agbadorians like you who should know better just keep on enabling them

You sir are class conscious. Read my post below your post on this thread.

AmiableMosquito:
it's not difficult to know people that have never smelt the civil service before (and that's not in anyway a bad thing - infact, I want to leave the civil service soonest).
Up until May 2023, there was no extra allowance added to that table. What you see there is what you get, even lesser after deduction of PAYE, pension, NHIS, NHF, sports and union dues.
In 2023, a peculiar allowance was introduced which is about 30% of your monthly salary. This helped to raise the monthly take home up a little. But trust me, it's still nothing to write home about. I got into the civil service with MSc 8 years ago and my starting salary was 51000 naira monthly. Yes. 51k. After 2019 MW wage, it rose to 59k. Despite the MW increase from 18000 to 30000, the consequential adjustment on my salary then was just about 8000.

Seun Kuti has said it already. All of us, even personal assistant to the president, even civil servants, all of us have more in common with a poor man than we have with the Dangotes and Tinubus. These people have greedily gathered so much for themselves that we're left to fight for peanuts.

Even P.A too want to feel like Tinubu with his 800k salary so he'll be raising shoulder to poor people instead of aligning with them politically. P.A wey them fit kidnap anytime, P.A who doesn't have access to the same healthcare them Tinubu has.

CLASS CONSCIOUSNESS WON FINISH NIGERIANS!

casualobserver:
Like I said it is a chicken and egg situation. It is robbing from Peter to pay Paul.

Let me give you an example to illustrate: You have a farm of 1 acre with 10 workers. Your competitor farms the same 1 acre with 3 workers. The yield and therefore the income from 1 acre is the same. The farmers in farm1 are naturally poorly paid because there are 10 of them doing the job of 3 people in farm 2 for the same output, let us assume 1 acre of land can only produce a fixed amount of maize. Don’t forget the price of the maize for both farms is the same in the market….. a customer is not going to pay the farmer a higher price because he has 10 workers, if anything the price of the products in farm 2 will be cheaper because his costs are lower but for the sake of this example let us assume they both get the same price.


Remember I mentioned GDP earlier? The Output per worker (productivity) in farm 1 is lower than farm 2. If the both sell maize for N100,000, Farm 1 with 10 workers has an output per capita or productivity of N10,000 per worker whereas in farm 2 it is N33,000 per worker.

Therefore it makes sense that a worker in farm 2 is paid N20,000 for his work totaling N60,000 in salaries, let’s say materials cost N30,000 leaving a profit of N10,000 for the farmer. He is happy to earn just 10,00 from that farm because he knows his workers are efficient and do all the work. In contrast farm 2 has the same materials and input costs of N30,000, all he has left to pay the 10 workers is N70,000. Assuming he doesn’t even make a profit, the worker in farm 1 cannot earn more than N7,000. Now the farmer must make a profit otherwise he will shut down the farm. So he takes a lower profit of N5,000, meaning all that is available to pay his workers is N65,000, meaning the income of the farm 1 worker based on his productivity is N6,500. Imagine farm 1 workers saying they want a salary increase to N10,000, what will happen if he agrees? The farm will close down because the output or GDP of the farm cannot sustain that level of income due to their low productivity. It will mean they have costs of N130,000, income of N100,000 and loss for the farmer!!!

That is why I keep emphasizing the importance of our GDP per capita of N150,000, I.e the average output of all Nigerian workers from the lowest to the highest…it cannot sustain a minimum wage above N70k without a drastic increase in productivity. Increasing purchasing power without increasing productivity is just kicking the can down the road. If you increase the purchasing power of the 10 workers in farm 1 and they are still only producing 100,000 worth of maize you are just going to induce inflation because their output is still the same and the prices of the things they buy will go up because those workers have more money but you the farmer will incur debt or go bankrupt and so in the end you will be forced to close down the farm.


The solution is either 1) to reduce the number of workers for the same output if that is the only farm you have 2) leave salaries as they are for the same output or 3) find another acre of land and move 5 workers to the new farm in which case you can double their wages because their productivity has doubled.

Bottom line Nigeria has a worker productivity problem not a purchasing power problem. The poor purchasing power is a result of low productivity. Increasing purchasing power for the same level of productivity is a recipe for inflation. But most importantly, just as the farmer cannot increase salaries beyond the income of his farm, you cannot increase salaries in a country beyond the output of your country. Again this is why I keep emphasizing the importance of our GDP per capita, it is the value of the output of the average Nigerian. You can’t give what you don’t have!!!

If 3 workers can produce N100,000 in farm output at another farm, you solve the salary problem of the 10 workers by sacking 5 and creating another farm for the sacked 5. The output increases to N200,000 and you can pay all better wages. The problem is the same workers in farm 1 who want salary increase will down tools at the farm if you suggest it.

@teepain

I think casualobserver is forgetting some factors. Firstly, just like teepain said, most of the civil servants, the senators, most of the governors, even the president are not working. The entire public sector is overfilled with physical ghost workers. So yes, I think it's better to have some layoffs for livable wage and let the actual workers get productive with risk of losing their jobs.

Another factor is that in your example, the farmers are earning less than even the workers like a communist society. Nigeria is a capitalist society and the foreign and local investors earn X50000 their initial investment with no ceiling. Even Nigeria govt want to put small money in Nigeria and remove big money 😂😂 Nigeria govt will build inferior roads and then add tollgate.

The real discussion Nigerians and NLC should be having is MAXIMUM WAGE or INCOME TAX. With maximum wage, the profit from the organisations will be high and Nigeria like USA must implement the rule that you can't take profit out of Nigeria. Therefore, the investors will be forced to reinvest in other NEW businesses to make more wages which means new jobs. And that's how you improve productivity and reduce inflation.
With income tax increment, Nigerian govt will only misuse the money so I'd rather have maximum wage, leave the money in the hands of investors.

bixton:
There's no proof that if they increase wages that there will be inflation other than it's just typical theoretical economic talk.

It is said that the approved UN wage for one who lives above the poverty level should be $2 per day and we all know how much that is in today's exchange. But even at that we can't settle for such because the Naira holds no much value and no significant purchasing power even in the hands of a nursery school pupil.
Why don't our so called leaders ensure the economy is truly working rather than this trial and error approach and artificial inflation we experience.

Behind all the economics is the main topic of justice and fairness, of good and evil. Our leaders are just pure evil and having the citizens beg for livable wage is just the height of evil but that's the foundation of Capitalism.

And until Nigeria adopts a better system, the status quo of begging for dignity will remain.

JOIN MOP CENTRE ON IG, A SOCIALIST POLITICAL ORGANISATION WHERE WE ALL BECOME LEADERS OF LEADERS

lexy2014:
but why have you not asked yourself why those in power have not cut down on wasteful spending to accommodate improved salary for workers?

how will the increased salary result in inflation?

is that what caused the inflation that has been ravaging the country since tinubu came to power?

I hate to say it but I think he's right. The initial cause of the inflation was clearly from our leaders but the increment of wages MIGHT also add to the inflation especially if the govt borrows/prints more money to pay.

And I also agree with you that the right way to go is for those in power to cut on wasteful spendings to accommodate the improved salaries.

In fact, a wiser approach would be to introduce maximum wage. And that maximum wage should not be 10X more than the minimum wage. Therefore even at 30k, our leaders take home will be capped at 300k. You'll be surprised how immediately minimum wage will rise to 300k without striking 😁.

fredoooooo:
Give more details .. we will join if there's no hypocrisy or lies ..
We all want something new ...

MOP, THE MOVEMENT OF THE PEOPLE was originally created by Fela, a man that's popular for committing class suicide and joining the side of the people.

Seun Kuti, his son, in the spirit of revolution has revived that party as an interim chairman and the mission of the party is clear. To firstly politically educate the people, to invite more Nigerian professionals who are the actual bedrock of this country to build a bridge with the poor people of this country and to finally give the true people of Nigeria an opportunity to represent themselves at the polls.

This no be Obidient or Batified. Our leaders will arise from our midst and the party has socialist ideologies at it's core.

Follow on IG for more information.

But what did Nigerian citizens ever do to the elites for them to hate Nigerians this much?

Like Labour Party like APC

Join MOP now!!