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Politics / Re: Breakdown Of Federal Government 54k Minimum Wage by casualobserver: 3:11pm On May 22 |
Lumarstone: The right level of minimum wage is around N50-80k. Many Minimum wage workers do not know the reason they have a job today is because they earn M30k or N40k, inadequate as that may be to get by. The minute minimum wage rises above N60k many more people will be made unemployed. People will start asking themselves do I really need 4 security guards instead of 2, do I need a houseboy and a maid, do I need someone at the entrance to my supermarket whose only job is to tear receipts. Etc etc Be careful what you wish for. The reason why Nigeria’s minimum wage cannot take a worker to the end of the month is because the Nigerian worker is unskilled, inefficient and unproductive. Even plumbers, carpenters, bricklayers and cooks, we prefer people from Benin republic who are more productive l. You need multiple Nigerian workers to do the job of 1 person and so they share the salary. If a Nigerian worker was more productive he would earn more because his employer would not need to employ multiple people to do the same task. You say N200k is not enough, when you lose the job you have now that pays you N40 or 50k because your employer cannot afford to play you N200k, then you will understand the plight of those who have no jobs and appreciate that at least your 40k job did something for you. 3 Likes |
Politics / Re: Breakdown Of Federal Government 54k Minimum Wage by casualobserver: 2:58pm On May 22 |
Mcreloaded: Employment is selling your Labour. The economic output or GDP per capita of the AVERAGE Nigerian worker Is N250k a month. Therefore, Is the minimum wage worker who is several rungs below average doing work worth N200k? 2 Likes 1 Share |
Education / Re: Nigerian Students In Teesside University Ordered To Leave UK by casualobserver: 1:54pm On May 22 |
It is the people that refuse to pay more than N60k for university tuition back home that are causing all this nonsense. If tuition was allowed to rise to N1-2m back home, Most of the money and students going into western universities will stay in Nigeria, our lecturers would be paid better, the quality of our degrees will rise, our forex will be preserved and the poor student will actually get a quality degree instead of his worthless N60k degree. A portion of the money from the fees of those who can afford to pay N1-2m will be used to subsidize the poor just like our foreign fees subsidize home students abroad. But this will never happen because they will protest. 3 Likes |
Business / Re: We Have No Magic Wand, Tackling Inflation Will Take Time—Cardoso by casualobserver: 12:16pm On May 22 |
Treadway: Inflation is relative. When Nigerias inflation was 14-17% for example, the west had an average inflation of 2%. Now it is about 3% in the west and to them it is a big deal enough to derail their economies. For us 3% is paradise because we have never had 3% inflation in my life time and I am no spring chicken. During Nigeria’s best economic boom since 1999 our lowest inflation rate was 7.8%. Western economies will collapse if their inflation gets to 6%….it almost did when it recently got to 5% which is the battle they have been fighting for 3 years and still have not succeeded (they are still @3%). Their target is 2%. In the US inflation is 3%, car sales have fallen, house sales have fallen, basic food items have skyrocketed. And this is just 3% inflation. We have 33% inflation but a growing economy, yet the US @ 3% inflation is tethering on the edge of stagflation…..assuming you know what that means! They are a debt economy, we are a cash economy. In the west just 1% change in inflation can be the difference between a man losing his house and having his car repossessed. It is not so In Nigeria because we pay cash for every thing. Interest rates and inflation work differently in Nigeria and the west. So they are not like for like. Therefore Mr wannabe Ignoramus economist, I suggest If you don’t understand economics do not comment on matters of economics just because you can pull up figures from the internet. You have to have understanding of the figures. This is not a beer parlour matter, you need to understand the meaning of the figures you are quoting and you clearly do not. 3% inflation is enough for Americans to cut down on basics like milk. 1 Like 1 Share
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Business / Re: We Have No Magic Wand, Tackling Inflation Will Take Time—Cardoso by casualobserver: 11:20am On May 22 |
Antoeni: Most dull and unenlightened citizens. All the major western countries and central bank governors have been battling inflation since 2021, it is still not under control. Cardozo is not even 1 yr in office. 1 Like 1 Share |
Politics / Re: As Accountant-General, I Acted On Approvals, Have Nothing To Fear - Fubara by casualobserver: 10:30am On May 22 |
Teymanhenry: Emefiele is not a career civil servant. The people (civil servants) that enabled the crimes of Emefiele will Go scot free because they have covered themselves. 1 Like |
Politics / Re: As Accountant-General, I Acted On Approvals, Have Nothing To Fear - Fubara by casualobserver: 10:27am On May 22 |
On this he is right. If you understand civil servants, you will know they are the biggest criminals, they always know how to cover their tracks. 1 Like |
Politics / Re: 2027: Obi, Atiku Will Not Smell Presidency - Verydarkman by casualobserver: 10:25am On May 22 |
Namaster: You forget that things were hard under Buhari’s first term, yet he won re-election. You forget how hard things were in the lead up to the election in 2023, yet APC won. It’s one thing to be dissatisfied with the incumbent, it’s another to have an opposition that has it’s act together and can win. 4 Likes 1 Share |
Fashion / Re: Helen Williams Breaks Guinness World Record For Widest Wig (Video) by casualobserver: 10:10pm On May 21 |
Lol @ “achievement” 2 Likes |
Phones / Re: The Real Reasons Why You No Longer Find ATMs Giving Cash by casualobserver: 9:51pm On May 21 |
Mynd44: Very uninformed speculative post. CBN is simply trying to control inflation by controlling money (cash) in circulation. Both o. the goods side and forex. Nothing more nothing less. 2 Likes |
Politics / Re: 'Nothing Can Wash Away His criminality': Kenneth Okonkwo Dumps Abure-led EXCO by casualobserver: 8:56pm On May 21 |
Toh! Much as I can’t stand this Okonkwo man, it seems he has more principles than that clown Obi who quickly ran back to endorse the structure of criminality after Atiku’s camp exposed his clandestine meetings with PDP. Realizing Atiku is only using his head. Then again maybe he has done the math, read the tea leaves and realized Obi can never be president and is seizing the opportunity to make a break back to APC. He has already publicly insulted Atiku, calling him a geriatric on Arise TV. I said at the time there is no way Obi and Atiku can work together after the way Okonkwo insulted Atiku on Tv. My post on the subject from January 22nd reproduced below, the relevant section in bold. casualobserver: 22 Likes 4 Shares |
Politics / Re: Peter Obi 'endorses' Julius Abure-Led EXCO by casualobserver: 8:48pm On May 21 |
He has simply realized Atiku is trying to use his head after Atiku’s camp released photos of his visits to PDP chieftains to embarrass him so he has retraced his steps to endorse the structure of criminality. Like I have said many times, the same thing that cause Atiku and Obi to scatter in 2022 will not cause them to unite in 2027….ego and selfish personal ambition……a leopard cannot change its spots talk less 2. In yoruba we say “Olorun ma je ka ri agba ana”. Meaning May God not let us take a path or encounter a problem that has no end or solution but consumes us. That is the story now of Atiku and Obi. 3 Likes |
Politics / Re: Minimum Wage: Why We May Not Accept N100,000 – Organised Labour by casualobserver: 7:09pm On May 21 |
freshboi88: You are the one who has no sense. Workers make economic output Government spends on social programs. Government does not owe anybody a salary, government pays it’s workers for the work they do based on their output. Healthcare is a social program, education is a social program, whether it makes sense to you or me is irrelevant. It is like asking why is a worker spending his money on betting…..because it is his money and that is his choice! I have already said it many times that I am against any type of religious spending by government but that is neither here nor there. Spending money on pilgrimage is misplaced priority, it is not the reason the minimum wage is what it is. if they weren’t spending the money on pilgrimages it doesn’t mean they should divert it to unproductive workers. Also minimum wage is not just about government workers. If the money wasn’t going to pilgrimage it should go to education health or roads not unproductive workers. Your argument about Hajj has no relevance as to whether the minimum wage worker is WORTH the money they are demanding. That is a social programs spending priority issue. You are diverting from the issue. I have asked if the average worker in Nigeria has an economic output of N250k a month or not. Yes or no. If that is so then why is a minimum wage worker who is well below the average entitled to anything more than N40-80k based on his output? My whole argument is based on the economic output of the Nigerian worker. Until you can answer the question in bold I will not respond to you because everything else is just opinion. Sentiment and noise. I have given you a factual figure, dispute it with evidence, if you can’t you are just making noise and emotional El arguments of which I am done entertaining. NOTE: I am not unsympathetic to fact that their wages are not enough to have a decent life. I am simply saying how can you do work of N40-80k of economic output and expect to be paid more? The figures do not lie. You need to deal with the issue of what is the economic output of a Nigerian worker first before you go on to address why his economic value is not enough to sustain him. It is then that you will understand the problem which I have postulated from the start: the Nigerian worker generally but particularly lower down the ladder is unskilled, unproductive and inefficient and it takes 3,4,5,6 workers to do the work of 1 person so those workers end up sharing the salary of 1 person. The reason the Nigerian worker is not paid much is because you don’t get much economic output out of him. 1 Like |
Culture / Re: What I Learnt From Yoruba Land - Azuka Onwuka by casualobserver: 6:00pm On May 21 |
Armaggedon: You are delusional. The typical Yoruba man just wants to educate his children, have a profession or trade that gives him respect in society, after that party and have sex..his life is complete. You think people envy you for your money because your focus is money money at all costs. Very often we laugh at you because the majority of you don’t even know how to spend it with class. For instance you build large vulgar houses with tacky expensive furniture and ghastly exterior tiles. I mean who puts marble or toilet tiles on his exterior walls….an ibo man!!! Trust me we are not envious of you, quite the contrary, you can only be envious of someone who has what you want and don’t have. A typical Yoruba man just wants enough money to be comfortable. If money meant that much to us, more of us would be doing drugs and fake products like you. I had an uncle who had a very successful business in the 70s to 80s, your people entered his territory with fake products and killed his business. When I was about to start a business I went to him for advice and asked why he didn’t join them or take them on. His response was he is a comfortable man, the only way to compete with them was to also sell fake or substandard products, he cannot destroy his reputation built over decades by joining them to sell fake or substandard products. 4 Likes |
Foreign Affairs / Re: France Breaks Away From Western Allies To Support ICC Decision by casualobserver: 3:38pm On May 21 |
2aces: You mean you don’t know? You believe all their BS about human rights, rule of law, world order, blah blah? You thought all these people criticizing the west were mad men? 37 Likes 3 Shares |
Crime / Re: Soldier Slaps Woman Into Coma At Banex & Takes Her Away by casualobserver: 3:27pm On May 21 |
Dogalmighty17: Soldiers are trained to kill. Law and order is the job of the police. If you have any sense, you don’t engage Nigerian soldiers. 2 Likes |
Travel / Re: Emdee Tiamiyu Has Been Deported From The UK Back To Nigeria? by casualobserver: 3:11pm On May 21 |
He did not expose anything. Stop giving yourselves more credit than you deserve. The Uk has always known about the study for visa scam it is not a new thing. They are the ones that deliberately created the laws to allow it. When I was in the UK in the ‘90s it was the sham “English Language” schools in Holburn that was the route for visas for the chinese. At one time it was Chinese. Because it is Nigerians you think it is new?They allowed Nigerians to come because their economy was in the dumps, they know our schools are bad and they needed the fees to subsidize home students. They clamped down because they achieved their aim and also the public started complaining about migrants…mostly the latter. Anybody who knows the UK knows this is what they do. In a few years when their economy starts to suffer they will relax the rules quietly and then they will tighten when the public complain…..rinse repeat. It is their way. Same way they will make noise about corruption and dirty money and appear to clamp down but will quietly open a loophole so the dirty money continues to flow into their economy. You need to understand the dance between the Uk government and the Citizens. The citizens act all pompous and righteous, the government knows without foreign money and foreign Labour they have no economy. The govt can’t tell them the truth so they play the perpetual game of open loophole/close loophole. 2 Likes |
Politics / Re: Minimum Wage: Why We May Not Accept N100,000 – Organised Labour by casualobserver: 1:40pm On May 21 |
freshboi88: You are clearly not properly educated. What the government chooses to spend its money on and the wages a worker deserves are 2 separate issues that are not connected and that is the point. And yes government chooses to spend its money on Hajj because in its opinion(it is government that owns the money) it derives value from doing so. Whether you and I agree is a different issue that has no bearing on what the economic value of a Nigerian worker is. Learn to make intellectual and not emotional arguments. Like I said what I spend my money on is no business of my houseboy. The only part of my money that is his business is his salary. If he feels I am paying him too low, he is free to resign and find someone who will pay him what he wants if he can find such. He likely won’t because his output is not worth was he is asking. What you want and what you are worth are 2 different things. You cannot be worth more than the economic value of your output. I don’t know why this th8ng is so hard for you to grasp. The figures do not lie…….the average Nigerian worker has an economic output/value of N250k a month. How can the lowest worker then be worth anything close to that? This is not opinion this is fact. GDP is $400b, population is 200m. Naira is 1500 to $1. GDP/ capita is N250k a month. Do the math yourself. If I am wrong please feel free to challenge me on my figures. If I am right explain to me why he should earn more than the economic value of his work, why a worker should be paid more than he deserves and where the money is supposed to come from? 1 Like |
Foreign Affairs / Re: ICC Court Was Built For Africa And Putin, Not West - ICC Judge Tells CNN (Video) by casualobserver: 11:57am On May 21 |
RickyJesus: If all Nigerians are slaves, who is the master? Just say you don’t move on the circles of any masters and instead move around with slaves therefore reinforcing yourselves with your slave mentality. Anywhere you go you will always be slaves, home or abroad because you think like slaves. Like I said before you are only seeking to exchange one master for another. The real problem is you. Shameless slave saying “Mother Russia”…..are your ancestors from Russia? You have subconsciously exposed your mindset to be that of a slave!!! I am pro-Putin but mainly because he is my enemy’s enemy and helps to keep them in check…..nothing more 2 Likes |
Foreign Affairs / Re: ICC Court Was Built For Africa And Putin, Not West - ICC Judge Tells CNN (Video) by casualobserver: 11:11am On May 21 |
RickyJesus: A slave will always be a slave! It’s just a question of who is his master. Your mates are doing well in Nigeria you are running from pillar to post looking for which white man is best to call “Sir” and “yes master”. 2 Likes 1 Share |
Foreign Affairs / Re: ICC Court Was Built For Africa And Putin, Not West - ICC Judge Tells CNN (Video) by casualobserver: 11:10am On May 21 |
MP3GAGAdotCOM: It is brain dead slaves like you the OP is talking to 2 Likes |
Travel / Re: "Safety Violation" Air Peace Reacts To UK Regulator’s Claim, Says NCAA Approved by casualobserver: 9:35am On May 21 |
Racoon: I just hope Nigerians learn from this and stop our colo-mentality. Giving our children European names, speaking fake foreign accents always preferring foreign this and foreign that etc etc. These people do not like us nor do they want the best for us. Their progress is dependent on our lack of progress. Colonialism ended 64 years ago. 5 Likes 1 Share |
Politics / Re: Minimum Wage: Why We May Not Accept N100,000 – Organised Labour by casualobserver: 7:55am On May 21 |
Dybala11: freshboi88: The fact that I waste my money on foolish things does not mean I should pay Houseboy more than the value of his work. If he decides to add to his value to me by adding for example cooking skills to his skill set, then he has added to his output and his economic value and I will pay him more. This is all part of the sense of entitlement that bedevils the country. Ask your friends and relatives who have japad, every penny they earn abroad they work hard for. While I believe govt has no business spending money on religious activities, anybody will spend his money the way they deem fit and on what they feel they derive value from. If your employer including the govt refuses to increase your salary beyond a certain level it is because they don’t think you have value beyond that level and if you leave they can replace you. If I go to a nightclub and spend 6 times my houseboys salary on drinks, it does not mean my houseboy suddenly deserves a salary increase. His salary is dependent on his value to me in the job he does for me. What I spend on drinks is a reflection on the value of the drinks to me. Let me give you all a hint in life: the easier it is to replace you in your job, the less economic value you have, the less you can demand a salary increase. Harsh but true. A laborer has no skills, his boss probably does not know his name, he goes nobody notices, a CEO, a good IT specialist, a good , doctor, engineer, architect etc resigns and there is panic “how do we replace him”. They are the ones that can bargain for salary not an unskilled worker or a poorly educated graduate. You can take what is on offer or leave it. If you want more then improve your output by working harder or acquiring skills. If you want to earn enough in life legally, you have 2 options 1) find a business or trade that is in demand or 2) make yourself valuable and indispensable as an employee..the key word is indispensable! If your job is to sit down at the supermarket exit tearing receipts as customers walk out, don’t make the mistake of overestimating your importance and asking for a salary increase or you could find yourself unemployed for even thinking of asking and someone else doing your job within 5 minutes. 1 Like |
NYSC / Re: Nysc For Foreign Born Nigerians by casualobserver: 4:08pm On May 20 |
Lunaloopies: It’s not rudeness. It’s how our generation were groomed to have initiative, be resourceful and use our brains. If you don’t want to be corrected or feel insulted then it forces to to use your brains before you open your mouth. 1 Like |
Politics / Re: I Cannot Be Tried In Any Nigerian Court - Nnamdi Kanu Blows Hot (Video) by casualobserver: 3:43pm On May 20 |
Sapasenator:did I say so? Why do people struggle with comprehension? that you chose to interprete it that way and draw conclusions can only be put down to your language struggles. I said people are pleading on his behalf and he is barking like a dog. All that means (for those who comprehend) is that it is difficult for anyone listening to pleas on his behalf to be sympathetic to the pleas and it is difficult for those making pleas on his behalf to be encouraged to continue. 2 Likes |
Politics / Re: Nnamdi Kanu: Court Rejects IPOB Leader's Bail, Relocation To Kuje Prison by casualobserver: 3:19pm On May 20 |
NeckingNgulping: Ibos have never fought for anybody but themselves I before others is alive and well, when they finish fighting outsiders, they start the internal fights. Kanu was fighting for himself so was Ojukwu, so is Obi, so is that clown in Norway. 3 Likes 2 Shares |
Politics / Re: I Cannot Be Tried In Any Nigerian Court - Nnamdi Kanu Blows Hot (Video) by casualobserver: 2:51pm On May 20 |
This one is not repentant. People are begging for you and you are barking like a dog? It’s ok Detention is not trial, e go dey there in detention tire!!! 16 Likes 1 Share |
Politics / Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by casualobserver: 2:28pm On May 20 |
nedu666: The low output of the Nigerian worker is a function of many things. One of which is poor skill set and education. Another is the same Labour unions that will not allow companies and government lay of redundant workers. Poor quality graduates. The list is long the bottom line is you cannot be paid more than your economic value that is why one graduate will agree to work for 40k while another with the right skills will earn N600k+ a month. If you had value you will leave your low paying job. The idea that there are no jobs is a lie, the reality is most are unqualified for the good jobs. 1 Like |
Politics / Re: Nothing In Katsina Shows Its Son, Buhari Was President For 8 Years – Usman Yusuf by casualobserver: 2:17pm On May 20 |
FreeStuffsNG: He should first ask himself what he did for his people when Buhari appointed him NHIS secretary. Shebi he too is from Katsina? 8 Likes |
Politics / Re: Obidients Must Stop Engaging Reno Omokri On Social Media by casualobserver: 1:58pm On May 20 |
Goodvibes007: Once you understand that Obidients are simply IPOB repackaged you will understand their ways. Have you heard about Referendum or Biafra since Obi joined the race? Kanu is in jail yet no noise from them… It’s the same people…they have a new savior…they had no sense then, they have no sense now. 7 Likes 1 Share |
Politics / Re: Obidients Must Stop Engaging Reno Omokri On Social Media by casualobserver: 1:50pm On May 20 |
yarimo: Everybody is cashing out or gaining free publicity except the daft Obidient follower. 5 Likes 1 Share |
Politics / Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by casualobserver: 1:41pm On May 20 |
adecz: It is not theory, it is practical fact. If your entire GDP is $400b and your population is 200m, the average worker (average not minimum wage worker) cannot earn more than $2,000 (N3m) a year which is N250k a month. I will repeat extracts from a post I made earlier: If 10 people are doing the work of 1 person the value or market price of their output does not increase because there are 10 workers. The market does not care! The guy who does the job alone will determine the market price and that will be the benchmark. This is why Nigerian products are not competitive internationally. If you like use 100 man hours to build a car, the price you will get for the car is set by the company who builds a similar car in 20 man hours. The value of Labour output in both factories is the same so the wage for the worker in factory A has to be 5 times less than the wage for the worker in factory B. If your price is any higher because you Labour costs are higher, your cars will be expensive, nobody will buy your cars and you will go out of business. If you like employ 100 people to extract a barrel of oil when your competitors are employing 20 or 10. The price of your crude is the same in the market. So your workers will have to be paid less to remain in business. This is the productivity problem of the Nigerian worker. The market doesn’t care whether you can feed yourself on your salary. The supermarket worker would earn more if they didn’t have to employ someone just to tear receipts as if Nigeria is the only place there are supermarket thieves. You go to a Nigerian supermarket and you see idle staff chocking the aisles doing nothing to the point of disturbing the flow of shoppers, each of them is the reason they all collectively earn little. In a supermarket abroad where staff are paid better you do t see all this nonsense you see with Nigerian workers like singing playing music and dancing on duty. The Nigerian worker is very unproductive adds little value and that is why he is paid peanuts. The questions many of you should ask but are not asking is what is the output of a minim wage worker if the average Output of the Nigerian worker is N250k a month? Why is the productivity of the Nigerian worker so low? The answer is you have 4,5,6,7 people doing the job of 1 person therefore sharing the salary of 1 person. The reason is the average Nigerian worker has no economic skills, that is why you will employ someone in a supermarket just to sit down at the exit and tear customers receipts. Same thing you have govt refinery workers collecting salaries for decades and refining nothing. Yet the workers in DPR for instance who actually work cannot get a hiflgher wage because they money is spent on salaries for idle refinery workers. If govt says we want to sack refinery workers because they have no output to increase salaries of those like DPR who are actually working, it is the same workers that will say no and go on strike. Humor me and do me a favour: as you go to places of business, be it supermarkets, government offices etc, start to observe the number of people idle doing nothing or performing mundane tasks. Hopefully you will start to understand what I am saying. You will find 3,4,5,6 people doing the job 1 person can do and as such they split the salary of that person into 3,4,5,6 places. Just observe and get back to me. 1 Like |
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