₦airaland Forum

Finally

Let's see where this is headed...

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RicoBee:
Thank you Please could you expatiate on this?

Long Answer Warning

As with everything, people "grow"; they have an ever increasing need to do well and be better than when they started, their needs and wants also grow to reflect certain stages and phases of their lives.

That having been said, I will start with influence of inflation on income and according to Investpedia real income refers to the income of an individual or group after taking into consideration the effects of inflation on purchasing power. For example, if you receive a 2% salary increase over the previous year and inflation for the year is 1%, then your real income only increases by 1%.

In Nigeria on the other hand Nigeria; in 2017, the average inflation rate in Nigeria amounted to about 16.5 percent compared to the previous year which means your salary lost a 16.5% of its value every year. To survive this, one has to ask for an increase that is equal or greater than 16.5% so you they'd be capable of affording basic necessities.

Else they would be working and feel like they're being punished as their take home pay cannot afford the rising increase in the price of foodstuff, other commodities and services like data plans and TV subscription.

This is why DSTV and co. increases their fees every year, it's just to maintain their profit margins. They've been trying to beat loses accrued to inflation since they began operating.

In conclusion, it'll be disingenuous to one's sense of survival to continue on a particular salary for more than a year without asking for an increase or raise.

Add this to Israel-mao's and OkaN-aUbe's answers...

1Dray:
Person no see common boyfriend, you dey tell am make she go marry. You go marry her?

I no dey find public food my brother...

Aunty go and marry...

And it reduced our debt profile by 75%...

No...

RurouniKenshin:
Nigeria nko?

We have Cyriacus Izoekwe

If it's not Ghana, it's Kenya, if it's not Tanzania or Uganda e go be Zimbabwe...

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I'm stepping out for fresh air for a bit and I'll be back...

In other countries they go to jail...in Iraq, both they and their wives are sentenced to death, in Nigeria we "rehabilitate" and free them...how do you do such, what magic or witchcraft did you use to "rehabilitate" a terrorist in less than 6 months...

Let that sink in for a second before you mention me.

Really?

Well nah Kenya...not surprised.

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