₦airaland Forum

manmade:
But there is economic theory to support the removal of subsidies on petroleum, floating of naira , over 200% increase in the salaries of judicial officers, billions of naira spending to buy bullets proofs SUV vehicles for the legislative members, billions of naira on budget padding and trillion of naira for Coast road from calabar to Lagos? , The payment of minimum wages is only applicable to people that have up to 25 and above employees in their organization.

Study more on Neoliberalism, subsidy reform as regard theory that explain why governments should cut subsidy.

The mess u see today is part of Buhari an illiterate who calls himself a reformer... A clueless man supported by tinubu to run this country as as a tout. That led this country where it is today

Morizo:
Bros kindly permit me to tell you sharrap!

So the 160 million for SUVs per senator didn't cause inflation stage 2?

The 90 billion for Hajj didn't cause inflation stage 3?

The over bloated appointments and large number attending conferences didn't cause stage 4 inflation shey?

Its minimum wage for the Nigerian worker who's facing multiple hardships on all fronts caused by subsidy removals, Naira floating, high interest rates etc that will cause inflation?

Guy keep your augmented Phillips curve theory Abi Philomena curve theory one side abeg.

No be only you go do theories for school. The Reality is a different ball game

This argument is beyond your mental capacity.

Lastly if government refuse to address the root causes of which involves wastage of public funds then in 10 years from now you will ask for 1million minimum wage.

ForValour:
Thought you said you are now in the uk, leave this issue to those it concerned the most. Let the FG deal with this MW first before talking real wage. What is the MW in the uk, what is inflation rate? If you dont have any sensible thing to say, embrace silence.

I will not embrace silence am a Nigerian I only went to school... A master/PhD then I will be back.


Real wage is the actual value of the naira.
Normal wage is the face value.. Which is what labour is asking to be reviewed upward.

I know my argument is seen as anti progress especially to the working class in FG payroll.

Let me ask you... Are you willing to pay your gate man 400,000 as minimum wage?

The UK u talked about, they do everything right to ensure that their real wage doesn't fall.

Government must tackle insecurity that drives away investors, they must ensure farmers are able to go to farm unhurt, they must support farmers that grows this crops, end importation of fuel, seek way to address excessive borrowing, and seek ways to ask for debt forgiveness and pay debt borrowed..
Lastly they should ensure state governors are accountable.

This are the thing sinking naira down.

manmade:
Don't mind him, what does a 15 years old boy needs money for ? ,. He can't really appreciate the subject of discussion here, that's what nairaland has turned to, no age limit to comment.

Am an Msc student in a prestigious University in the UK and this area of discuss is my specialty.

No economic theory will support wage increase by 100% not alone 500%


If government should peg 400,000 as minimum wage then you should be ready to pay your maid, gate man, security guards, drivers etc 400,000 as salary.

blowjohn:
Ok, what about 300k?

I say this cos I know a lot of people..... Like plenty people whose lives have been dismantled cos of paucity of funds.

People cannot eat well.
People cannot do common medical checkup.

Anything less is enroute to poverty

Recently the government raised interest rate to 26% this will help take out funds Buhari government printed out.

Government must consult economist to ensure that it does not cause future depreciation of naira.

Labour only knows how to ask for wage increment but will never ask for end to fuel import, end to insecurity, end to farmers being killed in farms.
If all this alongside corruption among state government is not tackled the any increase will cause inflation as Labour will still come to ask for upward review of wages

RodgersAkpafu:
what does the tribe have to do with anything though?

na to report them to police

To help identify them.

Like he is housa, yoruba, igbo etc from this state, he leaves in this city etc

blowjohn:
Anything less than 400k is a no no.

It's like Nigerians are used to poverty or mediocre life!

Imagine someone saying 100k is ok!!!

Raising it to 400k will sole a problem partially for a few government workers.
As such business men and woman, market sellers will slowly adjust their prices to get a fair share.
The government will go back to print more money to meet the new demand.
Private sectors will struggle to pay the minimum wage now most of them are struggling to even make profit.


Let's take it this way... What about tackling the root causes that makes naira to sink?

If you watch as insecurity increase, naira depreciated.
As fuel importation grows naira depreciate.
As Buhari government + tinubu government keeps borrowing naira depreciate.

If a sincere government gets it right with this variables then naira will appreciate

Jestin:
How much is that in Dollars ? A lot of you sound like you don’t know the reality in Nigeria of
today

What are those things that made naira to fall? If you don't tackle it then even though you increase minimum wages to 1million then In 10 years we willl be demanding they increase it to 20 million.

lastkingsman:
That's not the issue. If that 60/70k minimum is implemented, give it one year+ and it will be valueless again.

Do you know why? This govt is printing money like crazy and there's no coordinated efforts to export and bring in USD.

They are busy increasing interest rate to attract FPIs (hot money) which will eventually vanish akin to giving paracetamol to someone suffering malaria

This is what I have been explaning to them they keep insulting me.

Deenillah:
How much is a bag of rice in your area?
Do you even pay rent?
Okay how about your medical expenses?

Long story short, how much do you spend on transportation to go to this very place you EARN a LIVING?

490K by labor is unrealistic and is 70k (according to you)

You don't run an economy by simple emotion rather by proven economic theory.


If you agree to their demand then by 10 years we will be on the table again to discuss same issue.
According to the quantity theory of money,
M*v=p*y. When you increase money supply through whatever means then it will result to higher prices.

Rather government must give priority to the fundamentals that trigger this problem which are fuel importation, government must partner with dangote to ensure they end oil import.
Government must ensure they also set up a framework to tackle insecurity, especially in the north so that people can go back to farm peacefully.
Farmers must be supported by all means,
Wastage by state governors must be checked.
If all this are done then real wage will increase rather than money wage

eddynaira125:
I swear u are not alright

What labor care about is about money wage not real wage. It's like talking paracetamol for cancer symptoms.

If they meet this thier demand then consumers prices index will adjust to meet current prices between 5 to 10 years from now.

What we should look at is how to tackle the issue causing naira to lose value which are insecurity in the north, fuel import, bad roads, mismanagement of funds by state governors, poor support to farmers. If all this are tackled then naira will gain value within few years to come

Johel:
No wonder you're so poor, poverty dey your DNA... minimum wage that should be about an average of 200k or even 350k.

You're wicked and stupid...60/70k kill you there...how much is bag of rice? Fool!

I hope you won't die broke sha.

Is not by insult we are looking at their demand through a lense.

No economic theory justify wages to grow by that amount else u calling for further inflation

If that demand is meet believe me in 5 years time we will be on the table again to discuss money wage increase rather than talking about how to increase the real wage increase.
Inflation will rice again as prices of foods stuff will climb gradually to augment past differences.



Lastly I won't die broke.

NezzyMike:
I know a friend that did SIA, he's getting shifts in Pubs that are pay by hand.

Am into security alongside forklift unless you know that supplier directly and he agreed to pay by hand.

I called supplier because they are middle men who take contracts from those who wa given the main job and they supply to location. And it's rare.. That is why I said 99.9% impossible to find.
No well established security suppliers will indulge in that believe me...
And lastly don't take risk of saying I know this one it work for because before u get here that window might have closed like the person is not ready or don't have sites to send u to.


Lastly almost all agencies hardly gives 20hrs job as most pub jobs are evening like 7 and ends 12 midnight and you got to work for 2 days... Friday and Saturday. And almost all pub related jobs operate this way. Just 12hours per week and it flows through NI

Gerrard59:
Man, looking back, I wonder if Oyibo do juju on Nigerians regarding this japa expedition. The tales I have on this thread are not palatable. I recall Emmaodet narrating how shocked he was to see his friends/associates selling all they had just to japa on student visa. Man must be glad with his decision to stay back because I must be honest, it is better to shine teeth with Tinubu as a married man with your hard-earned assets in Nigeria than cry in the UK because the British are making things tight for immigrants.

So na so slave trade bin dey? Nna mehn.

Its not easy out there but if one must travel selling of properties must not be an option because if things turns south then you fall back home and still hold ur property.

Secondly if one has a good job with good career progression prospect it's better to hold on to it or expand into business alongside the job.

Lastly you should only leave your current job of its work related visa you got. Like you applied for job and they recruited you and gives you COS. You don't have to look back just leave

Labour demand is much. They should accept 60/70 as minimum wage

year2013:
Said by a MUMU that have never been employed before in his entire life.

Oh they should pay them 400,000 they asked for?
Na stage 2 inflation you de call for. Have you studied the Expectational Augmented Philip curve theory?
Have you studied the wage wage price spiral theory?

ITbomb:
I beg to differ.

Cost of fuel has risen x3 250 to 750(840)
Exchange rate has risen x3 512 to 1500(1400)

These two drives every other factor of production

Therefore salary should equally be x3 ie 90k to match up to Buhari time, then something should be added on top as the true increment

Hence, the true minimum wage should be 100k to 120k.

For those saying no money. Oil sales is in dollars and that means government is getting x3 of the value in Naira compared to Buhari era.
Therefore government has the capability to at least afford 90k minimum wage.

We should be talking about what should be added on top the 90k

Can the government cought out this money you called without going back to print more money?
If what labour is asking for Is implemented it's to cost 10 trillion monthly. Does Nigeria has that money to push out?

rolams:
But this can't buy a bag of rice Na!

The government should look for ways to increase productivity, that is national output.
They should look for ways to tackle insecurity so that farmers can grow food.
They should look for ways out all federal roads in order to transport foods, goods from North to South.

They should look for ways to be transparent in oil production. Ensures they partner with dangote to bridge the gap that exist in oil import.

If all this are tackle alongside corruption mostly among state government then real wage will increase.

There is a difference between real wage n money wage. ... Search that in Internet to learn more.

Gerrard59:
In summary, a one-year MSc program is not worth it as it leaves a short time to go through the recruitment process.



Well, the same process here: SPI tests as they are called are similarly bloody and strictly in Japanese. The good thing is the program is two years.

You can go for two years program or one year then after u go for post study from there u try your luck

Gerrard59:
I am curious, what if the person has actual industry IT certifications like those CISSP blah blah blah? What about actual work experience with tech firms in Nigeria? Is a UK work experience still necessary provided all tests are scaled through? Also, what about graduate trainee jobs recruitment programs in the UK?

What I mean is that they value UK experience more. However that does not mean that you won't see jobs with Nigerian experience but it might take time.
Don't be surprised that u get over 150 rejection on indeed but if u keep pressing u might get at last

But you and I know we needed money instantly to sort bills immediately we land in the country hence hoping on this big jobs is not the best.
Even if they pick you, the reference and screening stage and whole recruitment stage might take 3months.

So it's something you plan for long run .
But in short run immediately u land ... Cleaning jobs, security, warehouse, care, factory jobs might employ u much quicker. Infact they have been a life saver to many

MatrixCircle:
Many schools already withdrew sponsorship from many students unable to balance fees or pay first instalment after coming to UK. When agents told many you can pay balance with 20hrs/week or work and collect pay by hand as if its easy to tell Oyibo that.
Many employers will not give shift more than visa stipulated.

pay by hand ke where u see am. Can u even get to see the director or owner of thr company?

The chances of seeing such pay by hand is 99.9% impossible unless baby sitting where a class mate will be going to work and will like u to look over the baby and mighty pay u 6 pounds per hour and this job one might see it 3 times in a whole semester.

Tizu:
Shut up. If you have any opportunity to run out of this useless good for nothing country called Nigeria you will run.
What works in Nigeria?

Na this statement made us took this this terrible route. Please be mindful of what u post.
U see those people begging food? They are bankers, well to do people in Nigeria etc.
And to come here u have to part with nothing less than 30milliion naira to 45 million naira... No be poor man decision and if u get that kind money I won't throw it in ocean

LegendHero:
God bless you. It’s like you’re seeing what I’m seeing too.

To even start with, how do you expect student to be able to afford almost $16-$24k for a full masters program on their own without provision for some form of either tuition assistance or free access to some jobs or leniency in out of campus stuffs. Those student will still rent houses, pay bills, and etc.

FG have been subsidizing dollar for us which explained why people believed it is okay to just put down almost 24k pounds coupled with another almost 5m on processing and bank account props.

How many UK citizens even fit pay that amount? Even for America here, almost all American student got student loan which they use to support school except international graduate students that have luck with GA, TAs, Tuition Remission, and grad school assistance.

UK don cast. All my guys wey dey there self wan japa come USA. Even Canada self don dey get Kleg. But people won’t understand.

The truth is that most UK citizens hardly go pass university degree. Upon all the options available to them... Council loans, student loan, government subsidy, University pegging school fees below 10k pounds. They hardly go. Instead they most prefer apprenticeship and it is fully funded by council tax and they are paid 6 to 8 pound pee hour to learn this skills. Even most universities are now offering what they call degree apprenticeship in a bid to attract British citizens to incorporate skills alongside study.

Still yet them no send.

AmericanIdiot:
Nawa o
Abeg the caption should be titled “SOME Nigerian students begging charity for food “SOME” not all abeg
Some of us are doing very well here in uk not like those useless ones too lazy to work that came to live off the govt

If they get job will they be begging?
Where is the job to do?
If you have one then be thankful

RodgersAkpafu:
regardless of the hike in fees
many Nigerians never factored psw in their plans

Yes most Plan was to get cos and stay back.
That was why most sold everything to get to UK, which signals they are saying bye to Nigeria for q long time.
This include me.

You are right

RodgersAkpafu:
why will you come to the UK in such manner and not expect that post study is a possibility.
.Forget
Nigerians our thinking is too upside down

Post Study visa should be in the cards from the beginning. Claiming you don't want to do post study, and your case will be diff is what landed so many in hot water, some of whom I know personally.

From the day u land in this country, just have it at the back of your mind that you will pay for that post study
but over wise and over smart will now allow us

I know I may be sounding somehow. but the truth is the truth. Your planning should have plan a to e.

okay how will you explain a case on tik tok where someone went to go "buy" COS instead of doing Post Study, only for the licence to be withdrawn and throwing such person in limbo?

make we reason am naa..
I keep talking here because what I am seeing is not palatable at all

Also note that they recently raised the fees for post study, IHS and visa too. It was not expensive like this.
The new price came into effect recently it was not this expensive before.

Secondly most thought they could get jobs and before 5 months school fees clear..but on reality 10 month they are still struggling to clear it.

RodgersAkpafu:
they no plan well
so they are facing the repercussions

This plan well plan well.
They had probably paid for school fees. And now care cos don scarce.
So the only way na post study.
A husband and wife will have to cough out 6000 pounds for post study.
I don't know how many children they have then u multiply.

After struggling to pay school fees finish and loan and now maybe their visa remains till August to expire... Which magic can they do to raise 15k.


The only thing is to send the children back to Nigeria but the irony is that... Am leaving to give my children a better future

They better return the children to Nigeria, then both parents apply for post study then use the 2 years to gather back funds they sank for the japa

MatrixCircle:
It's a serious matter. The depression that so many parents from Naija are facing right now , is alarming. I met one the other day with 3 children and still paying loan they collected to Japa with family. They are so confused and don’t even know what next. Both partners were bankers in Nigeria and doing well. They cannot get care COS to cover family and raising £15k to pay for post study be like almost impossible for both partners.
The man wad talking to me with tears in his eyes.
Everything lost in Nigeria to Japa, now UK don change laws tighten everywhere.

I have seen family man crying [img][/img] crying like a baby.
A classmate of mine the husband had high blood pressure and collapsed was rushed to hospital when 999 was called and thankfully nothing happened to him.

I have a neighbour who just told me he has high blood pressure recently and they told him he is lucky that he hasn't been affected badly by it cos he was unaware.. A man of 31 years of age.. School has threatened him to go home and he is still owning over 5k p

Ejid1:
Some still won’t hear.They’ll still come regardless of the warnings

Some will say why are u still there?
Why not come back, you can't be telling us what to do from there. Do you know the suffering in Nigeria.
If you no succeed come let others replace you.
Stop discouraging others.
You didn't plan well.
You didn't research well.

Someone was saying he wants to leave his 4 million job and come via student visa with family.

And I asked: is your life under threat?
Have you being kidnapped?
He said no. He just want a better life for family, he could earn here well.

I just like Said how things are with prove and evidence. He said he rather stay back then.

Why will someone leave 4 million income even if its 1m moving business u are leaving that for an unknown not even a work visa a student visa?

Ejid1:
Nigerians need to find a way to get out of the news,this is not a good look.It’s one bad headline after the other.

That's why I have been pushing the narrative that please if u don't have ur fees stop coming.

You can equally start telling people in WhatsApp groups because most are unaware of situation

Noerection:
Dey play

Your hatred for South East will consume u all.

Why closing down markets? Is that how to get the criminals?
Look for intelligence and corporations from the people and if possible place a bounty for information to get to those criminals.
Not innocent people please

RodgersAkpafu:
The devaluation of the naira and the rapid decline in the currency was the nail in our coffins as Nigerians

if the devaluation hadn't happened
it won't be this bad

that's one
two
those who had most of their networth in USD
they did not feel the impact as much

three
those with "arrangee" POF
they are getting a raw deal
2021 set were really really lucky

Even though with forged POF. Then with exchange rate going for 560 with 2.8m you can get almost 5000 pounds. If situation too hard u sell one land for village and convert and clear fees or u borrow from friends
But today 5000 is almost 10 million... How many land u want sell or who fit borrow person that kind money in Nigeria.

This are the issue

RodgersAkpafu:
https://www.bbc.com/news/articles/cljjwg5dw34o

Now they wanna start painting us as scavengers

Nigerians are really going through hell in UK. This are people doing literally well in Nigeria. Resigned their jobs, sold their lands, cars etc only to come to face hard life to the fullest.