₦airaland Forum

urahara:
The contribution of tourism to Saudi gdp is 9 percent , while that of oil is 42 percent , so your point is totally wrong. Even if Saudi had no tourism , they would still be balling.

Saudi is not rich because of tourism .

Where did I say that?
What exactly is your argument?

urahara:
Stop peddling lies , our gdp is $ 397 billion dollars. , Not 1 trillion

That was a mistake.. you are right about our GDP.
So $300 billion.. why is it that we can't pay $280 per month? Where is all the money?

urahara:
They produce a ridiculous amount of oil in relation to their tiny population.

I believe we are talking of production outside natural resources.. but if you want to include oil... It is a shame for Nigeria then because we sell for the same price they sell. So why is it that people in Riyadh and Dubai get $2000 minimum salary per month and people in Nigeria are hardly getting $40... don't you think it's sad?

urahara:
U forget that developed countries have a high per capita , not because they pay higher salaries to workers , but because the quantity of goods and services produced is by far larger than that of impoverished countries.

I can almost agree with you, let me quote the example of Saudi Arabia and UAE again as I did earlier. Both countries have a huge GDP not because of oil alone. They also have a thriving tourism and hospitality sector. Why that is so is because they have good policies which includes paying good salaries so they can attract quality people to work there.

Up until now, UAE and most Middle East countries literally go out to employ teachers and hotel managers from the western countries. It is those expatriates who get attracted that let them develop their hospitality, leisure and hotel sectors. Everybody want to work in Dubai because they pay well over there.

Effectively, GDP's are built on the value that a quality workforce creates. Same with Silicon Valley, tech companies over there attract top quality people from around the world because they provide the best pay. It is those people that attract more vale and money to Silicon Valley.

It is going to work the same way for Nigeria. If we pay well, we will attract and retain quality people who will work and think innovatively. It is on the back of those that we can build value and increase government income.

So I disagree... human capital investment has to be first before anything.

davien:
Don't you know Nigerians are the best illiterate literates online? Leave them to their ignorance, they'll keep voting with sentiment and refuse to open an ear to logic..

Universal Basic Income is what sowore is getting at.

For the less informed, Google "universal basic income kurzegesat" and watch the video on how increasing wages this way won't lead to inflation... It's money circulation from undertaxed sectors with rules built in preventing transfer of such taxation to consumers/customers.

You are very right, the world is talking about Universal Baic Income. Switzerland, Austria and so on trialled a UBI project of over 2500 euroes as salary to all citizens per month. Inflation is the least of the conversations. Sowore is driving at something similar and is proposing only around 200 euroes to my compatriots, every month. Here they are, saying that 200 euroes will cause hyper inflation like Venezuela and Zimbabwe.

Honestly, we are our own biggest enemy. We like to oppose anything new and that can take our shackles away. I have to blame our politicians for enslaving our people's minds and souls.

We need nothing short of a revolution. There is no way we are going to ever convince these zombies that it is possible, but only without the old tired and expired politicians.

Realist5:
Pure lies from the SR.

INEC has got enough manpower in all their offices across the country. So many people were employed to join the already existing staff at INEC after the 2015 general elections.

This report is so poor that the focus of the reporter is on Adamawa state.
There's no truth about all what the reporter has said.

Unfortunately, you won't come back here to eat your puke if afterwards it turns out that it is true...

Haggard, tired, old and expired people..

APC & PDP are garbage.

Newboss:
Tax to GDP ratio is not tax collection rate. What's 6% is our tax to GDP ratio. It's the percentage of the GDP that's from taxes. Meaning only 6% of our GDP comes from taxes. The rest are from other sources like oil, mining, etc.

((Total tax divided by GDP))multiplied by 100).

That's the formula. To increase that figure, either the GDP goes down or the tax collected in a year goes up (while the other stays constant or doesn't change in the reverse direction as much as the other did). To increase tax, you definitely increase the tax rate.

So I see, you don't even understand what he's planning to do.

Also, if you multiply my salary by 5, I will send all my kids to US. I'll buy the latest Benz from US. I'll go to Dubai for vacation every year. The list goes on. Why? I have times 4 as much as I need. I blow that shìt.


Naira will DIE a quick horrible death if that happens. People are using aba made because Gucci ain't cheap compared to how much they earn. The list goes on

It's a vicious cycle of poverty, just that this time, a bread of 300 Naira will become at least 1500 Naira

That is the same way that you people argued that increasing minimum wage to 30,000 will cause this and that. Now, it is N30,000 and it is still nmot enough for people who work decently.

You people should be more worried about the amount of money that your politicians siphon and spent during elections. Do you realize how much politicians distribute at every election cycle?

If you are right about Naira's death, it ought to have died during the 2015 elections and since 1999 when politicians unleash their dirty money on the economy.

Yes, I probably sent the wrong link about tax/GDP, but doesn't change the fact that we have one of the poor collection rates in Africa.

Unless you say that we cannot improve current collection rates, then I will agree that nothing is possible.

But if you agree that we can improve improve efficiency, plug holes and save costs, why is it that we cannot distribute the wealth to those who work hard everyday to generate it for us.

Newboss:
That's a lie. Take that to the bank!

You guys are being played. Tax collection rate was not what he was referring to as being at 6%. That's at best a handful of companies. How many companies do we have in Nigeria that deduct taxes that we're talking about tax collection rate?

His plan is to increase tax but he has enough sense not to say it.

Is it Atiku that we should believe or Buhari. So you know, Sowore don't have the blood of Nigerians on his hand and he is not tired and haggard.

And no matter what you say, the facts cannot change from the fact that we have MNCs and local companies operating with impunity, they don't pay tax, and collude with our hungry civil servants to corner the little they pay.

Sowore will stop all the corruption and increase collection rate to serve the needy. He will improve efficiency and diversity the economy.

All Nigeria needs is wealth distribution, someone already mentioned that to you.

Olumyco:
I know his agenda SPICER HEAT and Sowore is who I wish could enter this Saturday but his minimum/living wage idea is wrong Sir. I support him but not that 100k minimum/living wage thing. See economy itself is how money enters and exits based on human behaviour. In economics when you talk about production in an economy you are talking about income money flow (how money move from employers to employees) and consumption money flow (how money move from consumers to producers). See cash flow is like when rain is falling. When rain is in excess, that is, more than the ground and river can contain, flooding will occur. Its a phenomena. No one can beat that. By the time employers start paying 100k as living wage to low employees just know that there will be much outflow of cash towards goods and services in the economy and inflation will result like flooding becos the available goods and services cannot curtail the massive outflow of money. You know he also talked about giving out of loans to build houses after the increment too... infact there will too much money chasing fewer goods and services. Consumption rate will increase. Producers will jack up prices of goods and services too. See the best he can do is to first develop those things you mentioned which are his plans before increasing the minimum wage. I know that Sowore mean well for this country and want to take us out of poverty but that 100k formula will not work. What works is increasing the value of money in the country by providing infrastructure (electricity, refinery etc)and developing human capital which by doing so, Nigeria will have a good living standard and come out of poverty. We all can study South Korea, Singapore, UAE etc... its not by minimum wage is by solving the infrastructural and human capital problem of the country. Then you talk about building your own house and becoming a landlord of urself. Hmmmmm this is wrong in economics becos house, car etc are liabilities.. what we need is asset. We need businesses to get money then after we can build houses. Instead of house loan it should be business load. The country needs business owners and investors and not landlords and car owners. Sowore needs to be advised seriously. You dont build economy on liabilities, you build on assets.

I hope you realise that "Goods" in modern economics is not Goods as in the old economics i.e. tangible products.

Goods now refers to services, experiences, tourism, innovation, technology, distribution, travel, arts, tailoring, administration, construction.... etc. etc.. It has no limit. In Saudi Arabia, one of their goods is the annual Hajj pilgrimage, which creates millions of jobs for their citizens. Britain only has technology and financial services, there are only SME's creating and distributing services.

If that is so, what we then need is a busy/service oriented economy where the tourism sector is working, healthcare is functional, education is thriving, food is being produced and processed, people travelling up and down because there is security and safety.

I think the future Nigerian economy will be super marvelous if we can even add manufacturing and production.

Don't worry too much about inflation or gradualism, tokenism, and all that, we don't need that now. Our GDP is over 1 trillion and is sad that we can't pay our workers common $280 per month. It is a shame on us.

As long as people will stop spending their money going to have holiday abroad and instead patronize local tourism.
As long as people send their kids to school here and not Canada or America.
As long as you are sick and don't have to go get treated in India or America.
As long as we can construct more roads and houses, and hospitals, etc. ..We can sustain even 300k salary per month.
These are the modern economic goods. And this is where the value that our currency will come from.


One more thing, Sowore will not increase salaries from day one, he will of course put some stability measures in place. And there will of course be a central bank that will oversee it all.

We need a revolution. Now!

BigBashiru:
What I had typed in an earlier response also explains why people will vote Buhari - these peopple reject good things and always go for the worst and afterwards start complaining - its psychosis. No sane and rational Nigerian will vote Buhari yet he is going to get millions of votes despite herdsmen, boko haram and sars etc and most rational thinking Nigerians should not even vote Atiku unless they are ignorant. So Nigerians are the architects of their own woes and therefore deserve no pity....

They then take out their frustrations on fellow Nigerians - that is their modus operandi....

Our people are still living under mental slavery I won't lie to you.

Even many of them who have no clue are busy quoting the 1972 economics of their expired politicians. But it is also our duty to educate and enlighten them, otherwise, our image will be soiled as Nigerians when they run to London and America to go an commit all manners of attrocities in the name of hunger, when their Buhari and Atiku starve them to death.

Even if Jesus and Mohammed come and convince them about any new thing, they will call Jesus Jesu Oyingbo and Mohammed, the Mohammed of Mushin. It is no easy task, but we have to keep at it.

vince2016:
I am in support of this 100K as a living wage propose by Sowore/AAC . However, there some issues that must be addressed so as to sustain the payment.
The efficiency and effectiveness of every MDA and individual worker must be taken very seriously.
There must be constant appraisal of workers so that productivity will correspond with payment. Technology must be deployed in this regard and it will eradicate ghost workers.
The issue of corruption and unnecessary bottle necks among MDAs must also be looked into. I will advice there should be a restructuring of the MDAs.

Absolutely!

I am in agreement with you and this is the kind of conversation that we should be having.

The plan would fail if there are no checks and balances as those you proposed are put in place.

What we then need to ask is whether Sowore is the kind of guy who understands technology and efficiency. Whether he can put resources in place and implement the needed policies and strategies.

Again, I think he is capable and that is why some of us are throwing our hats behind him.

Newboss:
Yes, EVERYONE must get an equivalent increase. Else, the guys on 100k now will be on 100k with the minimum wage earner. That would be absolute injustice in the name of fighting for justice.

FG wage bill, about 3 years ago was 65b Naira a month (I stand to be corrected on this). That's 780b Naira a year. Multiply that by 5.5 (It should actually be 5.556. I'm being lenient with figures), that would be 4290b (4.29trillion) Naira in annual wage bill alone if minimum wage goes to 100k

Now, this is getting messier because that's almost our annual budget as a nation. Our wage bill was about less than 20% of the annual budget as at 2016 budget. Just being lenient with figures because the figure was actually less than 15%.

As if that's not crazy enough, our 2019 revenue projection is 6.97 trillion Naira. The budget is 8.8trillion. If you add 4 times the current 18k minimum wage annual wage bill to that budget, that would amount to adding 3.12 trillion (over 8b usd) to it the current budget (total will become over 11trillion Naira)

Sowore thinks he needs 1.8b USD extra? LMAO

That's at least times 4.4 the 1.8b USD extra he's talking about just for the extra needed for the new minimum wage

NB: Our current wage bill is already way beyond 65b naira a month because of promotions and new recruitment. That figure is from around 2016. That worsens the actual figure needed to pay that wage

Your budget is around $35 billion per year.. Do you know how much it was during Shagari in the 1970's?.. about the same amount with inflationary adjustment.

So nothing has changed in Nigeria and they are still stealing the rest of it. Our annual budget is nothing, you go and check what other countries in Africa have.

So, forget your 2018-2019 budget, any serious government will seek to double it and that is what will effectively happen with Sowore in government. And what is laughable about $1.8 billion extra if you double your annual budget, do more tax collection, improve efficiency and enhance production across all spheres.

And don't forget that when you increase your wage bill, you can improve the performance and output of your workforce as well. It is not an impossibility as you people have been conditioned to think. And who do you think was in charge of designing his policies?

Carpenters?

wirinet:
My brother abeg leave them to their ignorance. You are just wasting your time trying to educate people economics 101.
Let them live in their utopia.

Mr Intelligent!

Please show it, let's see what you're made of.

Chatflick:
Making the minimum wage 100K is one thing and the prices of goods being at a decent price is another. You should employ a strategy to ensure the prices of goods is OK cause it is useless earning that amount and spending heavily on goods. Sowore agenda is really great but I feel this isn't his time.

PS: All politicians are LIARS else it won't be called 'Politics' no more.

You are very right and I believe that Sowore has many policies that accompany his N100K proposal.

This is the kind of conversation we should be having, but we also have to believe in the new generation of politicians who have no blood in their hands.

lionshare:
Dumb people! Start paying 100k minimum and what Inflation sky rocket to a level that will make the 100k less than current 5k. I guess he will increase minimum wage again to 1m...sowore and his gangs needs a crash course on macro economics.

Is that what you were thought in school?

Likins:
To talk is sweet but to put it in action is another thing...ask Fashola on electricity talks

Okay, are you saying that all of us should give up and not worry about a better future?

wman:
idid and Tomtos88 no sabi economics at all. Dem no even sabi argue well.

Two of you were busy throwing subtle insults at Chatflick, wirinet, Newboss, correctguy0900, Olumyco and others.

You didn't read and understand their arguements well and you were throwing little jabs at them. They never insulted you in any way. Stop insulting their intelligence and their comprehension skills.

You won't do Sowore any good by arguing blindly and unintelligently.

My vote is for Sowore but the N100k minimum wage is total crap and bullsh.it.

Nigeria is not ready for that.

What do you stand for?

And what is Nigeria ready for? Continuous suffering?

Why won't we be tough on you, when you people are talking 1970 economics as if it is what will solve a 21st century problem.

We don't need socialism, we don't need N100k, we don't need this, we are not ready that.

Do you want this continuous abysmal life?

If you don't want a New Nigeria, many people are waiting for it and the revolution is here..

Dbboy:
WE SAY NO TO SOCIALISM WE CAN CLEARLY SEE HOW IT IS TURNING OUT IN VENEZUELA.

Do you call that Socialism? when you can't diversify.... and you have no respect for the US who buys most of your single product. Oil!

... that is Stupidism...

And if not socialism, please propose what will solve Nigeria's poverty problem?

Capitalism?

Is Europe and the US not Socialist?

What do you think they are?

Newboss:
Sowore is an ignorant person. That's his problem.
Let me give it to you:

Effective tax rate is currently at about 24%.

If you raise taxes, companies will simply lay it off on her customers in form of price increase. That's basic economics even sowore (the "future" is ignorant of.

External reserve CANNOT be multiplied by 5 (500% increase) within 4 years. This is not ponzi scheme.

What does external reserve have to do with this? Here it's:

If you give everyone times 5 their spending power overnight, importation WILL increase proportionately. Why? Prices of things WITHIN Nigeria will increase as the spending power of the Nigerian worker increases. So everything cancels out and comes back to as they were in terms of price to wage ratio.

So importation will multiply proportionally. Leading to depletion of our reserves by the same factor. Leading to extremely massive trade deficit.

Naira will be at at least 2k to the USD before that year ends.
I can go on and on

Sir,

I sense an attempt to discredit Sowore.

Tax collection is not 24% currently, I just did a fact check and it is 6% and the poorest in Africa. So, Sowore is right afterall.

Look at this financial report link below..

https://guardian.ng/business-services/nigerias-tax-gdp-ratio-remains-one-of-the-poorest-in-africa/

You have also confused increasing collection with tax increment. He has not proposed increasing taxes at all, but to improve collection to an effective rate of 17 to 20 percent. Even if we achieve 12 percent, that money can take our people out of poverty.

And no sir if you give more purchasing power to people by increase your minimum wage.. and at the same time increase the quality of your local tourism, education and healthcare.

The middle class will start patronizing the local tourism industry, people will go to Obudu cattle ranch and so on.. ..they will not look for healthcare abroad and will not send their kids to school in Togo, Ghana or London.

That is how to eliminate poverty and that is modern economics..

Olumyco:
Sir its not about the volume its about the value. Do you know the cost of goods and services in South Africa?
See that their 126, 000 Rand is like our 30, 000 naira.

When you talk about money in economics there are many things to it. What gives money value is its purchasing power.

That 100k living wage by Sowore will have economy effect. I would have preferred he makes it a gradual increment to that amount over a period of 6years. See the cost of things will increase in Nigeria if that amount is paid. Just imagine a gate man, gardener, sweeper etc collecting 100k, then it means teachers will get up to 300k as living wage and so on. See there will be too much money chasing fewer goods and services. Nigeria needs to grow to the point where our production rate of goods and services will be able to absorb that kind of money flow

My brother,

N100k ($280) is well deserved by our workers and you should not listen to anyone saying that it will cause inflation.

Such argument will hold water when there are no growth policies to accompany it.

As it is, Sowore has promised growth in tourism, healthcare, education and so on.
Imagine if our citizens do not take the over billion naira per year abroad for medical tourism, that means that our nurses and doctors can be more productive. That is how production works.
Imagine if we do not all rush to Europe and elsewhere for tourism and go to Obudu, Mambila, Argungu. We go an watch Eyo, Egungun and we all troop to Anambra or Enugu New Yam festival. Then we can boost our local leisure, tourism, travel and hospitality industries and attract more people from abroad.

Imagine, if we can pay teachers well so that they don't go abroad in search of opportunities, that means that we can improve the employability of our youths. That is where production depends.

You people get the concept of "Economic Production" wrong.

It is not simply about buying, or purchasing as such. It is about the effect and the multipliers effect as well. It is also about how the community or a society can balance its supply and demand system, not necessarily through production of goods. In modern economics, you should be concerned about the availability and distribution of services.

What are many Middle Eastern countries producing. What is Europe producing. Britain is only distributing services. When last I checked, Inflation was less than 0.30 percent. Britain's manufacturing sector is less than 4 percent of GDP.

So to refer to your example, if a teacher collects 300,000 per month. It doesn't mean that because there are less goods produced in Nigeria, she will use all of her money to pay for her house rent. That is hyper inflation, and that is Mughabe's kind of careless economics.

What I am saying is that, as long as you have a good healthcare, tourism, education, technology, logistics, and SME sector that is thriving. The economy will do just fine. All of that can be achieved in a short time too.

You should ask how Sowore will improve tourism, technology and the SME sector. If he fumbles in those areas, we can then say that N100k minimum wage is wrong. For me, I case if he will turn Nigeria into a tech, SME and service hub of Africa.

correctguy0900:
This thing easy naa...
It's human capital, productivity b4 raising wage by almost 100% and not after.

And such productivity is not quite possible within 2 years.

Using Maduro and Mugabe as examples do not include reasons their economy collapse. I thought we were still talking about the effect of a skyrocketed increase in wages without regards to the economic realities and consequences.

It's not about there's plenty of food and no money to buy but rather a mixture of both.

Hence wage increases should be in line with the volume of goods currently available for consumption.

My cent.

Sir,

I don't know what you are referring to as productivity, but I know that within two years.

Any innovative and dynamic government can lift millions of people out of poverty with some creative socio-capitalist approach to governance.

As Sowore says: As Sowore says, you can employ 200, 000 teachers in a year.

You can assemble 4,000 megawatts of Solar in a year, they did 17 in two years in Morocco and Tunisia.

You can build 20,000 homes in a year

You can remove bad policies in a year

You can fund 1000 entrepreneurs in every local government in a year

You can turnaround the tourism of some states in a year

You can finish the construction of 20 major high roads in a year..

You can give your people modern speed train in a year


I didn't say two years, I mean in a year all the above can be done.

If all of the above can be done in a year, you can create 3 million stable jobs or more.

And that is the magic that Atiku and Buhari cannot do.

Frezhkid10:
U people just talk as if it's 100k the government is paying every worker... minimum wage stands for the salary payable to level 1 workers and increases by a multiplier along the hiraechy ..if minumin wage is increased to100k then people in level 20 will be receiving noting less than 2million as salary....then if there is not an equal amount of goods to match the increase then inflation will set in

That is not correct!

Sowore has addressed your concern in his Town Hall meetings. He says $1.5 billion dollars will be needed to pay everyone from level 1 to whatever. And he will get that money from efficiency improvement, increases in tax collection and economic diversification.

We deserve to pay our people a living wage. No one deserves to live in poverty for life.

Please see his analysis here.



https://www.youtube.com/watch?v=SVz1ed2TPnU




https://www.youtube.com/watch?v=SVz1ed2TPnU

Newboss:
Maybe you don't understand the mathematics. Let me help you:

Minimum wage now is 18k.
There are entry level staff in FG payroll on 50k. There are others on 60k. There are others on 80k. There are others on 100k.

Okay, minimum wage goes up directly to 100k from 18k.
That means that minimum wage has been MULTIPLIED by a factor of AT LEAST 5.
100k being the NEW MINIMUM wage, FG can't pay anyone on her payroll LESS THAN 100k.

From the second paragraph, there are AT LEAST 4 categories of person whose wages are below the NEW MMINIMUM wage. They MUST get a just and equivalent raise to match the minimum wage.

Okay, minimum wage was increased by a factor of AT LEAST 5. That means as you're multiplying the 18k guys salary by at least a factor of 5, you MUST multiply the 50k guy's pay by at least a factor of 5 (his new pay will be above 250k a month). You MUST multiply the 60k guy's pay by at least a factor of 5 (his new pay will be above 300k per month)... Until you get to the guy earning 1m. You MUST multiply his pay by 5 (his new wage will be above 5m a month)... Etc.

You MUST multiply by a flat rate because as a worker is leaving a salary, there are more qualified people who are on that his new salary. So you MUST multiply their salary by the same factor you multiplied the last guy's own.


I hope you can see the chain of stupidity? Anyone with brain will raise price by at least a factor of 3 (just being lenient) because those who just got times 5 their former salary without ppromotion don't work harder than them.


Imagine it and you'll see a horror movie

The money is NOT the problem. The stupidity is the problem. Naira WILL become VERY VERY VERY USELESS if you do that

Clap for yourself.. Mr Economist!

Your questions show that you guys don't listen at all, you just criticize for nothing on the internet, maybe because you have been conditioned to think that nothing good is possible in Nigeria.

I don't need to explain at all. Sowore has addressed all your concerns severally, especially in his Town Hall meeting on NTA with Kadaria, I put a link below.

Yes, salaries of top cadre civil servants will also increase but the math means he will only need around $1.5 billion dollars more per year to start paying all federal workers the minimum wage proposed.

Sowore says he will increase tax collection to 15-20 per cent from mere 7 per cent currently and that will give us over $1.5 billion needed. (Note he didn't say tax increment).

He cited a multinational company paying less than 300 million naira when they should be paying over 2 billion naira in tax per year.

You too work the rest out.


https://www.youtube.com/watch?v=SVz1ed2TPnU

correctguy0900:
Lol. As sad as it sounds, that's the truth. Wages are raised based on the economic capacity in terms of the level of production of goods and services.

e.g Venezuela and Zimbabwe. In order to consolidate their authority, maduro and Mugabe continued wage increases but was easy for a kid to pack 500, 000 to go for shopping and yet nothing to buy.

Note: wages in Nigeria is injustice but am afraid of 100,000 in relation to the current productivity of consumer goods

Bad examples, what is the basis of this comparison with Zimbabwe and Venezuela?

Harare was empty for many years, no consistent positive economic policies, production was not boosted and Mughabe was instead behaving like a mad cow, sending farmers away and blocking trade even from other African states.

Venezuela has been in a trade war with the US. Their pain is self inflicted, the US shut them out and Venezuela is not a dynamic economy

I would like to compare Nigeria to UAE and Saudi Arabia, but we will be 10X better if we can get our economy working and save our people from poverty. We are better because, Nigeria's economy has huge potential for growth and we haven't even tapped into tourism, tech, manufacturing, SME's yet. The two countries above can hardly compete with us there but their citizens have above 50 thousand dollars per capita per year. We have less than 5,000 USD per year.

What do they produce? Nothing.

They have only ensured that there is growth in housing, tourism, health, hospitality and elsewhere.

Why do you think that if pay N100k per month, we cannot start providing housing for citizens and and start local production of solar panels, and improve tourism, etc. All of such activities will mop up any inflationary threat.

If you read Sowore's manifesto, these are some of the plans that will accompany his N100k promise.

Think about it, if we produce without making our people afford it, others will come to take advantage of us. But if we can make ourselves afford stuff and follow it up with production, we will be self sustaining.

Yankiss:
they fail to understand that you just can't have limitless resources. Where is the money coming from? How many workers do we have? What's our income per Capita and GDP? Guess these people don't even know. It is sad.

When citizen's can afford stuff, there will be an equal about of production.
The main problem is that no one can afford anything, which discourages production.
The moment people start earning a decent wage, you will see all the companies around the World relocating here to produce.
Minimum wage in UAE, Saudi Arabia and Qatar is about 1200 dollars per month or so. What do they produce? Nothing?
Have you ever heard that they have inflation?

AleAirHub:
Sowore or what's that your name again.

Please don't come & add another suffering to the current one looming under PMB .

Zombie thinking, who told you that Atiku will pay you more than 30k per month.
Is 30k enough for any decent human being?
Why is it that you people don't use your brains?

Newboss:
I know some really maligned and easily swayed folks believed he would set minimum wage at that.

That alone was enough reason to avoid him because he's simply pressing people's mumu buttons while claiming to be the future. If you pay 100k minimum wage and the SSCE holder gets 100k, your brain should tell you that you MUST multiply the HND guy's pay by the same factor. In fact, everyone will get an automatic exponential raise ELSE the guy who was on 100k before will be on the same pay with the minimum wage earner. Of course, that's dumb.

Wages are raised gradually. That's common sense. If not, na Venezuela you go turn to soon. SMH

It is your type that we must avoid, your type likes to imprison people and deny them of their rights.
You are the type of Nigerian who employ house boys and house girls up and down without paying them their dues.
If everyone gets an automatic raise, won't that automatically increase per capita GDP? If that happens, won't we alleviate poverty?
Yes, there can be inflation for a short term in case the policy is not well executed, but it can be controlled too in the long term.
And why is it that workers don't deserve 100k but senators in Abuja deserve 14 million per month. Doing what?

correctguy0900:
I understand but it goes beyond just paying 100,000.

U thought of inflation yet? Plenty money but no goods?. I just want to know how he mathematically put these concerns together sha. He seems vibrant.

When the thieves in Abuja are get paid N14 million naira per month, there was no inflation, but when it's time to pay the workers there will be inflation. What kind of Voodoo economics is that? Why are you people so anti-citizen?

What is your rationale that there is no money and there will be inflation?

lionshare:
Dumb people! Start paying 100k minimum and what Inflation sky rocket to a level that will make the 100k less than current 5k. I guess he will increase minimum wage again to 1m...sowore and his gangs needs a crash course on macro economics.

This ones will just be arguing what they don't know up and down with no sensible basis.
If you are asked to justify that argument, you will be looking at the roof.
Your view is baseless, prove how it will cause inflation.

Luciferchrist66:
What is this afonja saying?
Sai baba will do it.
We are happy with our 30k

You can't even feed yourself with 30k. mumu.

ozaji:
Nigeria workers deserve better pay. 100K minimum wage is realistic. Mr Sowore is the right man for the job.

Absolutely!

Workers get more in other climes, why should they get less in Nigeria?

Our workers must be treated as humans not slaves..