bjtinz:
So that's another 2 weeks wait

Check what's available on the secondary market. The difference is hardly worth the 2 week wait.

izzou:


If you want to know a petrol station with accurate pumps, just look out for the ones where commercial buses, bikes and keke are running to.

I usually watch out for transport companies and that's how i know if CNG is the real deal. Nobody is converting any diesel truck. The ones that use CNG were bought that way.

There's a company i know in Ikorodu that sells CNG. Their trucks use diesel, not CNG.

Make we dey watch sha!

Do the trucks run interstate? Maybe because there's no way of refuelling along the way.

izzou:


With the exchange rate, conversion of CNG is nearing 1.5 million.

How many Nigerians can afford that conversion first?

Another issue is where the tanks will be located in the vehicle.

Vehicle wey dem design for Petrol, you carry two cylinders put for trunk.

Too many issues. They will have to massively subsidise the cost of conversion or this CNG talks will be DOA

izzou:
But raumdeuter knelt down, dipped his index finger into thick mud, and swore to me that Tinubu had removed subsidy.

Which one be 3Trn in 2023?

Na statistics we go chop? This question should be written in the sand of times

The 3Trn was paid by Buhari

larride:


Which will more or less make the increase useless because as fuel price dey increase, everything else go follow.

Exactly. Like I once said, if fuel goes back to 150 and dollar 460, no one will bother with minimum wage increase.

GloriousGbola:


they are pushing the CNG thing. but there are coordination issues. i think what they want to do is ensure there are alternatives to petrol which are locally available. there are already CNG stations in the country, but NNPC plans to roll out several more, and the other majors are also planning same.

Good idea but this will take some time. As it stands, I don't think there's any CNG station in PH. By now, I also except to see CNG stations coming up along our highways.

The cost of conversion is another problem.

LordAdam16:
It is official. The FG pegs EOY subsidy payments at N5.4T.
drive.google.com/file/d/1POFpgrj5Y9n60VKCFQXvF5bc3GRqC4wY
To put that in perspective, it was N2T in 2022. And N3.6T in 2023.
In naira terms there's been an increase. In $ terms however, there's been a significant crash.

Heineken and Tinubu should commit to a new subsidy regime where payments do not ever exceed $5B and preferably stay below $3B.
That should be the ceiling.
One way to go about this is to introduce quarterly reviews of the price at the pumps.

They should not let the problem metastasize to the point where another kneejerk "subsidy removal" is floated again.
Get Nigerians used to the reality that with fluctuating exchange rate, cost of gasoline on the international market, and double-digit inflation rate; we cannot have a fixed price for an entire calendar year or longer.
It is imperative that they increase the gasoline price to between 900-950 after the minimum wage increase.

Gasoline price is critical to the health of the economy. We either manage it carefully or in 4 years payments will balloon to N20T+ and we'll start rummaging for the courage to remove subsidy again.
They've mentioned a subsidy sunset plan, but it's light on details. As usual! /s

BTW, Tinubu handicapped his administration with the appointment of Edun and Cardoso.

-Lord

I've always suspected they will do this. Give workers an increase with one hand and take it back with the other

Itsrm:


Even this one complaining about free water forgot the Sumo bringing out the water is not powered by free water. The nylon they use, cost transportation of goods and routine maintenance has gone up astronomically.

I don't blame them, na frustration.

Meanwhile, I have a strong feeling that once they effect minimum wage increase, they will fully remove petrol subsidy and fuel will cross 1k per litre.

Theflint1:
Lol, so you dey worry Twitter with Wike activism

SIM should work, he's done the bold thing and dealt with Wike early enough, e no get excuses again.

Exactly we are done hearing stories and excuses.

Theflint1:
Governor Sim Fubara speaking on his vision for Rivers, and attempts by unnamed persons to sabotage their efforts at every point.

https://twitter.com/SoprialaMembere/status/1798087115240300742

Itsrm

Me and this guy don block ourselves since. He's a die hard supporter of Amaechi and an emergency lover of Fubara


As for sabotage, only fools are moved by the pity game the governor is playing. This was how Ortom started. He should get to work and leave cho cho cho.

RevFrEbuka:
Bag of rice wey I dey chop since February finished last week. I come enter market ,Ordinary to cook Sunday rice as a bachelor , e consume 6k(1500 fish wey I buy dey like lizard. 2500 tomato wey I buy ,I still had to buy tin tomato add am cos e no go reach anywhere ). Omo, I wonder how these 15k to 30k salary earners with kids survive ooo.. Auzubillahi!!!!!!

At this point I don't mind jakpaing to Chad or Niger republic .

Oga Titus and his family of 4kids monthly salary 35k

-Rent for 2bedroom flat in nsukka 350k - 600k
- weekly expenses - 25k - 60k(manage o)
- fuel+transportation weekly- 10k(for movement wey no dey trekkable)
- school fees and other expenses - 100kplus
- miscellaneous - 100kplus.

Choi!!!!!!!!!!! E reach to burn down aso rock aswr.
Big ups to Itsrm,sodiki,livelongandprosper,blueraydick and other egbon wey don marry . Una dey try aswr

E no easy at all my brother. And in the midst of all of these crazy expenses, you still have to save and plan for unforseen events as no be our papa work we dey do.

If I wasn't married already, I'm not sure I'll bother with it.

BlueRayDick:


Hmmmm. Well, there’s wisdom in what Emefiele was doing which is summarized above , but it imposed serious moral hazard . It allowed major shareholders who ran the banks to the ground to escape .

There’s also sense in this Cardoso’s approach of not rescuing the banks but something must give.

I think they need to revisit and review the amount of depositors fund that are insured with NDIC . That current N500k is too small. If CBN under Cardoso has chosen to allow market forces prevail , then they should review the amount of depositors fund that can be recoverable in the event a bank fails .

So now it's obvious the problem was not because heritage bank cannot be salvaged, Cardoso is just taking a different approach.

And I absolutely agree with you, 500k can no longer cut it. Maybe they'll increase it post recapitalisation.

This may interest you BlueRayDick

https://nairametrics.com/2024/06/04/unlike-emefiele-heritage-bank-closure-shows-cardosos-cbn-is-willing-to-let-banks-fail-2/

sod09:
More than 60k 🤣🤣🤣
E no fit better for this ajaero why did you waste our time for this nonsense
Blueraydick you see why shutting down the power grid was a stupid move
The agreement wasn't even specified enough yet this slowpoke signed it
His balls should be cut off because he doesn't deserve it I knew he would fold
Why start something you can't finish

While I would have preferred they remain on strike while they continue negotiations, even if they call it off, it's a win.

The government has committed to going above 60k which they weren't willing to do before. They also have one week to come up with a reasonable offer or strike returns.

BlueRayDick:


Around early April , a bottle of Jameson Black Barrel Irish Whiskey is about 51k in store . That’s not Hennessy o , not Martel o.

I visited someone who gave birth within the week and she was lamenting that unlike before when people give gifts, most people were giving her money.

People have calculated that 2 or 3k will not buy anything reasonable so they just give her the money

Sirchiboy:
Me I don give up

Except every trip is like this, this looks like one you shouldn't have taken. A 5.3km journey should be over in 10-12 minutes.

nihilistjnr:


100-150k minimum wage for a lastma street sweeper or LGA cleaner sounds insane sha.

100k is no longer what you think it is. If you come back to Naija today, you will blow that 100k faster than you'll finish one cigarette

larride:


This argument doesn't make sense though, if you want to earn nass member salary, resign from work and go join politics and see how easy it is to become a Nass member.

This doesn't change the fact that our NASS salary and allowances is outrageous.

No, you're missing the point. Look at the progression from 1999. Compare the % increase in their budget which you'll assume reflects economic realities and the % increase in minimum wage.

No one is saying a worker on minimum wage should earn the same as a senator.

TrebleChamp:
About time 😋😁😁😁

The man don try for us

NLC twitter handler is on fire

izzou:
Grid dey collapse for days and never have we heard of the government reporting casualties

NLC switch am off for one day, and over 4000 Nigerians have died.

liveLongNprospa:

Lmao.. You can't blackmail people with what is already our reality in this country.

It's actually insulting sef because these are issues doctors have continously talked about for years and no words from FG

No words from lovers of patients in hospitals

larride:


The situation in the country is beyond critical. Na why I dey tell you and Blueray for morning say wetin that man dey yarn for that interview ma medium/long term solution.

Minimum wage need to increase immediately to at least help workers to survive.

Or they can just reintroduce full subsidy and reverse floating of the currency immediately while they work on that medium/long term solution.

Not forgetting that increasing minimum wage only affects a very little subset of the population like you have noted. Most state governors will not pay and even if they pay, what happens to non-civil servants.

BlueRayDick:


The man say he no want piece meal by piece meal rent

The letter is very brief and straight forward; he even provide alternatives sef

That alternative is not an option.

We can't even complain. The man don try

raumdeuter:


You don dey cheat on landlord daughter abi she ask you money for bone straight and you declined

No be only daughter. Like every other person, take home is no longer taking oga landlord home

liveLongNprospa:
Lol

Lobatan

larride:

You know the situation is critical when people like my landlord increase rent.

Meanwhile, hand don touch oga landlord too.

I'm sure raumdeuter and GloriousGbola are happy now

BlueRayDick:


Do u know the rate at which people die during doctors' strike when there's no war ?

I am not saying that the people should be allowed to die, but it has been proven over time that the only way to get FG's attention is to force their hand in this manner. The government has been insincere and less commital on this minimum wage issue since the past one year.

If NLC don't take some of these critical measures, the strike will just go the way of every other strike since the last few years of Buhari till this moment. The strike will just die down and everybody will continue the way things are. While flogging NLC for taking an extreme position, you should also flay FG for their own failures too

Well said

larride:


Why? So electricity and hospital are essential infrastructure, lots of people need both to survive.

Labor should shut down govt office and secretariat.

How the electricity wan take affect politicians wey dey house? No be me and you go suffer ham? Abi no be common man dey our hospital dey.

If Labor continue like this, the way they will lose public support will surprise you.

I can assure you they won't lose my support. Make we suffer once and for all until the government does the needful.

Also, most of these hospitals have back up power anyway.

BlueRayDick:


The thing is most Nigerians are oblivious of some realities happening in this very naija that we live in.

I remember the last doctors strike when we had an appointment at LASUTH, that was the first time I understood how terrible doctors strike can be and yet govt just gloss over it. People on admission were literally left unattended. Those of us that brought our patients from home had to take them back and wait indefinitely till the strike was called off. U can't see specialists even for the most threatening conditions that required urgent medical care.

We can excuse the general public who don't know better. But those who do and have kept quiet all these while when doctors were slaving away should maintain the same energy.

You can't suddenly remember patients you never cared about when doctors have been going on strike

sod09:
https://www.nairaland.com/8113356/how-nlc-power-disconnection-impacts

Blueraydick this was the first thing in my mind when I read nlc shut down the power grid
Somethings ain't meant to be done at all, looking at the country we are in people will die from this madness act

As someone else noted on twitter. Where have all these people been when doctors and medical workers have been going on strike?

This is what NLC should have even done when subsidy was removed. If they had, it won't matter if minimum wage is only increased to 40,000.

TrebleChamp:
Or using ₦90billion to pay for subsidy on pilgrimage...

Exactly. Just imagine