ashiola: Was this man saying, his beginning to fall my hand oooo..... Did Buhari categorically instruct the shot on sight order? Cos me I don't understand why everyone is quoting him out of context.. His statement should stand as a deterrent to anyone who pans on snatching the ballot box, if everybody respect themselves I don't believe there will be any ruthless treatment on anyone
It's because you are so biased.
He is saying that Buhari ought to be careful because such statement can be taken out of context and can cause more trouble than Buhari himself maybe prepared for.
capitalzero: Dindinrin ,wasting of resources for cheap popularity.i would not blame like of sowore if not because of multiparty democracy and lack of political idealogy
Who you wan blame before no be Atiku and Buhari before? Why are you blaming Sowore who has a political ideology. You have shot yourself in the leg. People with no principle... voting for idiots up and down.
tfelicityk: It seems this guy's is on drugs... I don't understand him anymore... Why will mentally and physically fit person will go and snatch ballot box?
But you understand Buhari abi? Maybe you need to check yourself.
All sensible and progressive young people are voting Sowore because he has not soiled his hand in corruption and blood letting like the thief and the killer... APC and PDP.
capitalzero: 150m cannot win governorship election in nigeria. Sowore is a scammer. He knows he cannot win presidential election without political structure. Minority parties cannot win presidential election in advanced democracies
Mumu, so if someone does not steal and have a 100 billion, they should not contest abi?
Olumyco: Sir what is the different between Value and Volume in terms of money in an economy?
Also you mentioned human capital. Is human capital a function of earning alone. Where do you put skill acquisition, education, capacity and so on.
It seems you guys are just looking for different things to justify this 100k min wage. Even Sowore the person who has the idea did not say all these to justify the idea. Sowore has plan to invest into education and all sorts which will help human capital dev. in the country but Sowore is not saying he will pay 100k min wage to dev human capital. You guys should chill and listen to him. See Sowore knows that in human capital investment you dont start or base on earning alone...you first invest in skill, education, capacity and other labour attributes so that the human resource can be very productive. You dont just start paying humans that huge in the name of human capital dev. It will have a boomerang effect in productivity. You risk productivity if you start human capital development from the angle of huge payment. Go and check out Japan, Singapore and co you will understand what human capital development is. Truly the staffs will be motivated but the expected productivity might not be there because of other human capital development factors that are lacking and that will lead to another problem. We should learn how to solve problems without creating another. See this is the truth... Sowore made that mistake because he looked at it microscopically... he needs to look at it macroscopically. He needs to pass the idea through economic intelligent factory. I support him and wish he enters but my advise for him is to assemble an economic team that will help him package that 100k min wage very well. No one is perfect. You can either be right or wrong. That's why you are human. Sowore is the most qualified for the job but he needs assistance on the area of economic. His other plans are top notch... and I love the way he talks and his boldness. May God help me. But the truth is the truth.
The problem you are making and which many analysts like you are making is that you are thinking that N100K is a policy on its own.
I have read the AAC manifesto, and I didn't see that. I have heard Sowore many times and that is not the case.
N100K is part of an overarching strategy to reduce corruption by public officials, to invest in people and improve human capital and to eradicate poverty.
He has said many times without number that if he gives N100K living wage, he would invest about a billion USD in housing and make all federal workers access a mortgage of 2 million, of which they will pay around 20 percent of their salaries per month towards their mortgage.
He has also said times without number that he would invest a lot in training and technology, in the civil service. If investments are made into technology, don't you think that people will be trained constantly to manage and operate it? Will there be no skills acquisition from there?
He has said it times without number that our civil servants are still living in the past and he will invest in upgrading their skills and ensuring that he attracts the best people to government from the private.
I know you support him and don't have to support all of his ideology. No one should follow blindly. I have my reservation too regarding some of his policies, but on the issue of living wage. He is right on the money and I am totally in support of that. Gradualism is no solution at all and it is the same that we've had for ages.
You can't be paying your people 70 dollars per month when the cost of living is 10x. And I do not think that he will be able to implement the policy next day after becoming President anyway. It could be in the next budget year so that he improves revenue first, stabilize the economy and prepare in earnest.
The World is now talking about Universal Basic Income.
wirinet: Quality of life in Rwanda, Ghana are better than Nigeria? I hope you are not smoking the weed Sowore is hoping to export. Rwanda with a GDP of less than $10bullion and Ghana with GDP of less than $50 billion is better than Nigeria, the biggest economy in Africa with a GDP of over $1.1 trillion? These places in real terms are poorer, dirtier and more impoverished than Nigeria. The problem is Nigerian population, the high number of urban areas and the high taste of Nigerians. Most of those countries have less than 10 highly urban cities. Nigeria has 10 urban areas in every state. Rwanda simply shows you Kigali and gbam, you feel the whole of Rwanda is living in wealth. Same with Ghana, they showcase Accra and Kumasi and gbam Ghana is neat, rich and beautiful. Go to the villages where majority of the people live to see real poverty.
What is the total civil servant population of Ghana and Rwanda? I am sure it is not up to the civil servant population of small Bayelsa or delta state. If you ask Bayelsa to pay N100k, then the FG must be ready to perpetually pay bail out funds to enable it pay salaries (assuming the FG can pay it's own). At N18,000 states require federal bail outs to pay salaries, at N100k, they would need IMF loan to pay salaries
I have lived in Rwanda for months and Ghana for a while too, I have been to Europe and the Americas. I have lived there, Have you?
I know that Rwanda has a per capita income of 800 usd and Nigeria has about double of that, but go check it out yourself, their money has more value in terms of buying power and quality of life.
In Kigali and other cities around, it is cleaner, more secure, and there is round the clock electricity. But the point is that the little that civil servants get is quite enough for them. In Nigeria, no adult with a family can live under 18,000 or 30,000.
So if you consider their PPP (purchasing power parity) with Nigeria, 200 Rwanda franc in Kigali will buy more than it can buy in Nigeria. And there is less pressure on civil servants, unlike in Nigeria.
In Rwanda, they don't have any big income earner as we have in Nigeria such as oil, which is where our per capital of 1,800 USD derives mainly. But they do have a thriving technology, hospitality, education and services sector.
Most importantly, they are not the poverty capital of the World, and the number of impoverished people there, although is high is nothing compared to Nigeria.
5thElement: Ordinarily I root for Sowore. He seems capable. But since we Nigerians have decided that the contest is between Buhari and Atiku, then I'd give it to Buhari. Atiku should be caged. For crying out loud, who donates millions of dollars of his own personal money simply because he wants to work hard and serve the people?
I fear for our National assets if Atiku ever gets there.
Atiku has done 8 years of vice presidency. He should focus on his business he used our money to build.
Listen to his boss:
Sir, as a matter of principle, you should stay your course and it doesn't matter if Sowore wins or loses, afterall people have followed Buhari for 12 years before he won some day.
What is good is good and no wrong can ever make a right.
justfash50: Will sowore initiates a new system of Government?
How will he convince the Legislative arm of the Government to slash their allowance and budget by 70%?
There are a lot of questions to be asked, abstraction alone does not win elections especially when you don't know how to practically solved mirage of our problems. This is the vision I don't see in some of this third force, they talk too much without any vision driven solutions to our problems
He is already initiating a new system of government by saying we can reduce a lot of cost of governance by moving to Unicameralism from our current bicameral legislative system.
That argument can be held in a new restructuring debate that he is proposing. In that sense, you can expect that if he succeeds in championing a unicameral legislature, we can save a massive amount of money every year.
He is also saying that he will champion removing the current slush funds paid to governors, around 200 million to each governor every year. That works out as around 3.5 billion every year across Nigeria. Shouldn't you guys be more worried about that?
What more vision do you need sir, Sowore has an economic Vision called Spicer Heat. By look for some of his videos on Youtube and you will see that if he can convince some of us, who have traveled the World and seen it all, his idea is in order.
Yankiss: My dear, the UAE isn't a mono economy. Then Mugabe was paying in billions of Zimbabwe dollars but people could hardly afford a square meal with the huge pay. What we need to do is to reduce the amount of money being paid some big Wigs in govt and strengthen the naira that way by reducing amount of money in circulation.
You are echoing me sir and that is exactly my point, UAE is not a mono economy but it is not an economy that produce goods as such apart from oil.
It is a highly service and experience oriented and that is where we need to move too. I made that point to counter those who are arguing that we necessarily have to produce so much goods to reduce inflation, and that is when we can pay a good living wage.
I agree that first, we must reduce the money we pay to the big wigs and reduce the loopholes of corruption. That is when we can move forward.
Olumyco: Yes they pay that high because things are expensive over there. The wage pay over there must have led to increase in the price of things. Guys before you compare wage pay in other countries with Nigeria consider the cost of goods and services there plus how much they collect on tax. Ghana too has thesame issue. The pay in Ghana is huge but things are expensive and tax payment is huge too. In Dubai you cant use 600 naira to feed per day. But in Nigeria it is still possible. I am not saying we cant increase the quality of life here but Nigeria is one of the cheapest countries in the world to me anyways giving our money more value is key. Let's get this right if minimum wage increases prices of things will go up.
They don't pay high, they pay well because they have invested their resources in the public and private sectors. They attract the best expatriates who help build their economy.
They invest in tourism, in housing, in education, in infrastructure and so on. Then they attract more and more investors, who build on what the state had initially done.
When you have a private sector driven by operators such as MNCs who transfer their best practice human resource approaches from their home countries, they will pay people not only on the basis on a local minimum wage but based on what is a global best practice. That is why people who work in Chevron, Mobil, Shell and KPMG and so on don't get paid our poor wages.
The Arab world has managed to attract a lot of them and they are the ones who add to the value of economic production and reproduction. They in a way determine pay. And Nigeria is one of the cheapest country not because of any rationale economic thinking, but because we have bastardized and impoverished our people.
The moment we have rational economic thinking, you will see that Nigeria will not be able to compete with other countries in Africa in terms of cheap labour. Cheap labour is not a good indicator at all in a capitalist economy.
It means having a few rich at the top and trapping the vast majority below and living in poverty. That is why China and India are not the best places where you can find the cheapest labour anymore because they are lifting their people out of poverty in millions..
We don't have to grow at all following the trajectory of China and India.
Olumyco: I see you people keep admitting that inflation can result if the goods and services in the country is low but the mistake you guys are making is that Sowore does not admit that. Sowore each time is talking about the 100k minimum wage criticism, will always say how come the money the senators are collecting is not causing inflation. He start saying different things. He does not even say these things you people are saying that the growth of our production and infrastructure with the increment will go together. It shows you guys are just trying to help him here. He is not saying anything you guys are saying here. He plans to develop the tourism, health etc sectors of the country on the basis of his agenda to develop the country not to be able to avoid inflation as a result of the 100k. You guys should listen to his claim. Dont come here and package it for us. Infact Sowore believes the 100k will not cause inflation whether the tourism sector, health sector, agric sector etc is improved or not. In his mind Nigeria should be paying 100k min wage now instead of 30k. We all understand that he means well for us but if you are not knowledgeable about economics you can cause trouble for the nation at the expense of taking the country out of poverty. Nigeria is not US. What will work for us is increment over a period of time while our production sector and infrastructure grow. Sowore is good in other areas no one is an island he should set up good economic and financial team that will help him. Simple
Why are we so much in love with tokenism and gradualism?
What evidence do you have that a gradualist approach will spur the kind of growth, say, over the next five years.
By the way, any annual growth less than 8 percet year is no growth to me and would be achievable if we engineer it and not seat back.
During the the Yaradua, Goodluck era at some point, we achieved almost about 7 percent annual growth and that nothing much was going on in the private sector or the creative economy. .. and we have used the kind of gradualism you are proposing since then from no minimum wage to 7,500 to 18,000 to now 30,000 naira.
What have we achieved? Left to you, in another two years we should pay another 10,000 naira to workers. If we do that we are never going to compete in the modern world with other countries and the way to spur growth anywhere is to attract the best people to work for you.
If we must, indeed, attract the best talent to work in our public sector and by extension for investors to come to our private industries, we must invest right from the get go on human capital and it is not negotiable that we pay anything less.
urahara: U.s.a revenue for 300 million people - 3.6 trillion dollars
Nigeria revenue for 200 million people - 54 billion dollars.
I don't need to tell you why u.s can afford to pay good salaries.
You seem to be holding the position that Nigeria cannot triple or earn 5x its current income. What is stopping us from creating own own Silicon Lagoon, throw some 1 billion dollars at it. Pay the best salary in Africa or compete with Europe and let the world come to us.
We can replicate in other sectors can't we?
Won't we solve our money issues? So, isn't our tragedy the lack of vision still?
urahara: The only option is communism and spoiler alert it doesn't work .
That's why so many countries even u.s.s.r had to dump it . Under communism , millions of people are starved to death , and it will even be worse in a country like Nigeria where absolute power corrupts.
Communism has failed too many times and is no solution at all.
Would you agree that we need to stay in between capitalism and socialism... we can even go as far as designing our own economic philosophy.
Maybe Creative socialism.. in which we focus on the needs of our people and gear our resources towards solving their needs such as housing, food, etc. Whatever we do, would you agree that we need Keynesian economics quickly to come to the rescue, in which case we need to quickly stimulate growth by spending a lot of money on many sectors.
Nigeria produces 1.6 million barrels per day for 200 million people
Saudi produces 10.3 million barrels per day for 33 million people
Nigeria - 125 people share 1 barrel everyday
Saudi - only 3 people share 1 barrel everyday
And. Saudis own is low compared to Kuwait
Kuwait produces 3.15 million barrels for 4 million people
Kuwait - only 1 person shares a barrel everyday.
Nigeria could have been rich from oil if our population was around 1 million , but unfortunately it's not.
Nigeria must industrialise and make products that can compete with that of the developed countries or otherwise perish.
Nigeria has never ever been rich , our only hope is too industrialise.
How come the quality of life in Rwanda, Ghana and other countries in Africa are better. They don't even have oil in those places. Going by your logic, they should be poorer, dirtier and impoverished than Nigeria.
I'm not sure of the figure but minimum wage in Rawnda, Botswana and other African countries are not as bad as 18k which we have struggled to pay for ages.
Point is our problem is leadership. We don't need old, tired and expired politicians again. Isn't it time to diversify into other fields and even use our human potential to perform wonders..
urahara: It doesn't work that way . In every society , there is always income inequality , that's just how capitalism works. But its just that in sub Saharan countries especially Nigeria , the income inequality is too chronic.
At the bolded , the money was never much to begin with , our gdp per capita is about $ 2300 , while that of u.s.a is about $ 56,000 and that's not even the highest.
In summary , most of the money goes to few rich people , while the masses are in a state of grinding poverty , as 46 percent of Nigerians struggle on less than one dollar a day.
Glad you agree that capitalism creates inequality. It's even worse in our own clime where corruption has takenover every where. Don't you agree then that outright capitalism is not for us at this point. Otherwise, inequality will continue to expand. Don't you also agree that we need new generation of leaders to start the conversation. I'm not sure Atiku cares about capitalism and its attendant problems as you've mentioned. Neither is Buhari bothered.
urahara: U still don't understand why this technology companies pay well ?
These tech companies aren't owned by the govt .
They pay well in the first place because they make massive profits and they make massive profits because of the immense value or products and services they are able to make.
It's just like me having a company earning 1 million naira every year , and me deciding to pay 1 million dollars to my staff , it's never going to work.
NASA is owned by the government and there are many state owed and state sponsored tech projects and companies in the west. There is no where else to get well paid than a place like NASA and the likes.
But that is not the argument, the argument is that you cannot build value in any industry, or attract investment or customers without investing in human capital first. The biggest resource of any company or country are its people.
My friend, we should not be having this conversation at all. Any company or government that cannot invest first in its people by paying them well through intrinsic and extrinsic methods do not mean business.
If we must build a respected civil service, our human capital approach must improve and be taken more serious... for me 100k per month will not even be enough. Means we will hardly attract the best talent from the private and the diasporas... when are we going to grow then?