₦airaland Forum

In 1998, the minimum wage was N1200


Now, can you guess what the minimum wage was in 1975?

Aufbauh:
Being in opposition is the most pathetic and shameless condition anyone can wish himself as it has the capacity to throw you up as a praise singer even to your presumed captor.

The same people who claimed that Dangote wealth is largely due to Government favoritism and uneven patronage against indigenous competitors are the same people singing his praise because GEJ administration granted him unholy waivers, undue concessions and unrivalled monopoly. What a people!

Which monopoly?

We have BUA Group, Ibeto Group and others in the same category.

obailala:
Chaii... and this woman continues to embarrass herself. It appears you just completed an economics lecture with all these your confused economic pronouncements?... I just told you the cost of production/packaging for pure water has increased due to scarcity/high cost of forex and this had led to the increase in price. But you are still here talking about demand?
Chaii!.. #WastedSchoolFees

Nothing like increase in cost of production, all legitimate manufacturing industries still receive forex at N199 to a $ and moreover, lower oil price has reduced the cost of imported spare parts to barest minimum.

obailala:
The hardest person to wake is the person who feigns his/her sleep... Similarly, it's quite frustrating explaining things to people who have wilfully permitted political/ethnic/religious sentiments block their ability to comprehend even the most basic things of life.

Even a junior secondary school student should be able to understand the link between the scarcity of forex in an import dependent country and the price of basic commodities. Every single person in one way or the other, directly or indirectly is affected by the forex scarcity, even for home made commodities, the price of raw materials for their production has gone up and this affects the end price.

You cited the pure water example claiming pure water isn't imported, if you haven't wilfully forced this 'intellectual sleep' on yourself, you should know that pure water manufacturers import machinery, spare parts and even some of the synthetic materials (polythene) they use in packaging your pure water and if these raw material/production costs go up, it affects the cost of their end product. The link below is just one report detailing why you may have to pay more for pure water, I'm sure even a kid should be able to comprehend this.
http://www.nigerianbulletin.com/threads/dollar-scarcity-2-million-kano-youths-to-be-sacked-as-pure-water-factories-close-down.190546/

Finally, you don't need a basic or advanced course in economics to know this, all you need is just #CommonSense.

Where is the place of demand in your thesis?


Demand has drastically decreased by 200% hence your curve is not realistic. Simple.

There is no scarcity on essential goods until demand exceeds supply.

Tomatoes are still selling less than their market value.

Fear and uncertainty induced by Buhari's government economic policy is the problem

obailala:
Nigeria imports almost everything, forex is required to facilitate these imports, oil price drops, there is now a scarcity of forex in the country, the price of forex goes up due to this scarcity and now someone who is bragging about being educated is asking why price of commodities are going up?

#WasteOfSchoolFees

Please enroll for a crash course on basic economics.

Nigerians are not importing sachet water nor water melons.

Fuel scarcity and power outages are not a result exchange rate where "crude for refined product" system is applied.

Already, most of our importation are no more dependent on CBN reserve as most Nigerian businesses are now registered and based in Benin Republic and Cameroon were their Governments finance the imports.

Hunger:
what are u saying oil price as at september 2011 was $139/barrel that is $114 profit per barrel of oil, so the dollars inflow was very high. compared $35 per barrel average now which is $1 profit per barrel sold leading to shortage of dollar inflow.

What is your problem with exchange rate?

Spending and direct foreign investments will stimulate our economy if the Government can create the enabling environment.

Learn from this adage "Having no cash doesn't mean poverty".

obailala:
You expect price of food to fall during recession/scarcity?... Wonderful reasoning.

How can you be talking of scarcity during recession?


Go school, you refuse?

Mike008:
"Muslim Fundamentalist".
You are funny. Which Muslim bears Mike?
That only proves your opinion smacks of sentiments and any dissenting opinion no matter how objective pitches me in the other tent.
I don't argue with people like you whose mentality has been impoverished by tribal or religious sentiments. You can be unteachable.

What I said was a matter of law, and wasn't borne out of any affiliation with group, tribe or body, unlike you.

It's enough. Don't quote my comments again, mind your rabid business.

Bye

Which one come be "donate feed"? Are there Internally Displaced Animals in the camp?



She should not attract herdsmen to that camp with her feeds.

Mike008:
From a Biafran point of view - Yes!

But thats not how bail works, moreover the facts in both cases are not the same. Even if they were, the court can still choose not to grant bail. It's a matter of discretion which should be exercised judicially and judiciously.

With your pro-biafran attributes, you already sound like its a bad move granting Nnambi Kalu bail.

From Islamic Fundamentist point of view, you're correct.

Poor you.

Anyway, my opinion still stand. Nnamdi Kanu never inflicted any harm on any Nigerian or to Nigeria hence all you assumptions are borne out of hate hence misguided.

PassingShot:
Including the elections that held in IDP camps across the NE?

Yeye dey smell.

Are IDP Camps immuned from attack at anytime?

The bottom line is that the six weeks military offensive was perfectly successful and the atmosphere it provided was conducive for 2015 elections.

Our Soldiers marched and sang "Never Again" will Nigeria lose territory to Bokoharam.

Quakertellicus1:
Nnamdi Kalu has been charged with a treasonable offence....

Infact....Mr Yunusa did not commit an offence of treason. Mr Kanu did.

Stop this nonsense, who defines a treason, the prosecutor, Judge or the extant laws?

Prosecution is not trial hence swerve.

PassingShot:
Then direct your frustration at your water vendors who are making a kill out of a situation not affecting them. This is what you get when there are too mnay unpatriotic citizens and wailing zombies around.

Thank your stars I don't have time to spare this morning, I would've exposed your utter ignorance and shamefacedness for all to see.

If you care to note, Yar'dua regime is different from GEJ's administration and moreover, external reserve was $31.7 billion in September 2011″ under GEJ and nothing of sort happened hence stop defending the indefensible.

2015 Elections were held in all 774 LGAs of Nigeria hence there was no territory under Bokoharam on May 29, 2015.

PassingShot:
Can we do the same for other aspects as follow?

Crude price: GEJ $100 PMB $30

Corruption: GEJ $bn stolen. PMB - 0

Insurgency: GEJ BH seized 14 LGs. PMB - Defeating BH.

Foreign Reserve:
GEJ met $47bn left $29bn despite unrivaled earnings.
PMB met $29bn and has increased it to $32bn despite diminished earnings.

Nigeria Image:
Under GEJ, Nigeria became a laughing stock and got mocked and ridiculed even by Ghana, Benin and SA not to talk of the Western world.

Under PMB, Nigeria is gaining back her respectful place once again.


When will the wailing zombies understand that if you waste your today, you have gambled with your tomorrow?

What you see today with the economy is the result of the INEFFECTUAL BUFFOON's mismanagement of our resources in the five years he ruled. And if una like, make una cry blood, the drunkard is not coming back and NO ONE from that region may EVER smell ASO Rock.

Did I just strike where it hurts?

You are a disappointment. It is expected that prices fall during recession and here we are witnessing a reverse economics.

The CBN Exchange rate is still the same hence what went wrong if not Buhari's administration?

Is sachet water or water melon imported?

Secondly, stop derailing the subject with your unnecessary comparison filled with bloody lies.

2015 Elections were held in all 774 LGAs of Nigeria hence there was no territory under Bokoharam on May 29, 2015.

In consideration of the application, what is taken into consideration is that the offence is bailable and that the accused is presumed innocent until proven guilty.

There should be a clear difference between "the accused is presumed innocent until proven guilty" and "free until guilty verdict is pronounced by a competent court".

So, Yellow is not guilty yet while Nnamdi Kalu is guilty and is likely to commit the same crime if granted bail as pronounced by a Judge?

There is disparity in the these two decisions were pronounced and certainly one or both Judges are being tele-guilded.

Bail is a right to an extent until guilty verdict is pronounced by a competent court. However, the application should be universal without external influence.

Why not extend the probe to 1999? Is Buhari so much terrified to getting involved in probing Obasanjo's regime atrocities?

Were Amaechi and Wike contesting for any legislative post on Saturday?

What happened in Rivers State has nothing to do with salaries of Legislators rather it was a clash of power between APC with their Federal might and PDP supported by the populace.

APC Senators killed further extension of State of Emergency in North-East even when the terrorists were still taking communities.

The Senate will not approve it in the case of Rivers State hence it wouldn't fly.

Like Fashola, like OBJ, I don't sign cheques.

Why are these people quick to evade responsibilities while at the same time best in blaming others?

donc26:
some fustrated Ipob tout will soon flood this thread to spew thrash.i guess an Apc member is responsìle.

Attacking IPOB even when there is nothing about them from the thread to attract "likes" is now the most noble venture.

Continue and be fulfill in your new found occupation.

flamingREED:
Hmmm.

The intellectual FIRST lady used the wrong 'to be' verb and failed to use the definite article where it ought to have been used.

*clears throat...


She mustn't assault me for this. Must she?

Thanks for the observation.

Now I know the magnitude of service done to humanity by Supreme Court of Nigeria in upholding Wike's election as Governor of Rivers State.

Kagarko:
See Marginalization.
CBN recruited 909 staffs , of this number:

Zamfara got only 2 ,

Yobe and Jigawa got 3 each. Now NW the most populated zone in Nigeria plus NE combined got 184 slots. Both NW and NE has 13 states.


South South (SS) got 213 slots , Delta state 78 slots, Cross Rivers 36 slots, See Marginalization.

NW+NE= 13 STATES

SS= 6 STATES
NW+NE=184 SLOTS SS= 213 SLOTS

Yet no body is shouting from the North.

God bless Nigeria and Nigerians.

Army and Police work na their birthright hence keep shut.

TonyeBarcanista:
LOL... What is your point?

No need for any concession given to us by men.

We will fight it out until it is registered in all your thin medulla oblongata and subconsciousness that we are all equal in every ramification.

Freedom is not given but wrestled

The same things you accused PDP of doing were done by your son OBJ against Nigeria while Ashiwaju single handedly squandered Lagos State commonwealth.

This publication is therefore mischievous to say the least.

But Jordan is Palestine.

75% of Jordanians are Arab Palestinians.

King of Jordan is from Saudi Arabia

TonyeBarcanista:
hAhahahaahaha you are very funny

Why are you laughing? That is the meaning of equality we both advocate.

What we have on the floor of the Senate is crumbs thrown at females to pacify our struggle and further subjugate us perpetually.

May be, Tonyebarcanista (Adam) must be made and be created from Ladyexcellency (Eve) ribs to correct the imbalance (and to reverse the holy books) and if not possible then the control and captainship of families should be bestowed on women as a substitute to correct this generational imbalance.

Thanks to Institutions of democracy that is separate from political control

Lulu would've been exempted from prosecution like Fashola and Amaechi, if not for independence of Brazil's Crime Commission.

oduastates:
Over $1.5 billion to repair pipelines.
Those militants must have blown up thousands of miles of pipelines
How much does it cost to build new pipelines ?
You would build 10% of The proposed pipeline that supposed to run from siberia through turkey into western europe with that amount.

This is the same question people from the other side of the divide are asking APC due to huge billions the cooperation (NNPC) declares as losses on monthly basis since June, 2016 this administration was inaugurated.

Government changes, the cooperation continues hence it defends itself against political rumblings.

DelGardo:
Una don start abi?
Tomorrow when this government achieves 10,000Mw wailers will point to this baseless assertion to claim credit for Uncle IB. Continue.

At least we now see all resources and available power infrastructure being stretched to the limit through efficiency improvements in the generation area. Its just a matter of time before new projects come on stream... then we will take a step up from the embarrassing state of things in the past.

Change!

June 22, 2015

Sani Tukur

https://media.premiumtimesng.com/wp-content/files/2015/06/unnamed-12.jpg
L-R; ,Mohammad Haytudeen, Vice President Prof Yemi Osinbajo, President Muhammadu Buhari, Chairman Transition Committee, Dr Ahmed Joda, Vice Chairman Doyin Salami,Member Chief Audu Ogbeh and others during the final presentation of report of Transition committee to the President at the defence house in Abuja,

Ahmed Joda, the Chairman of the transition committee put in place by President Muhammadu Buhari to interface with the former administration of President Goodluck Jonathan for a smooth handover of power on May 29, has stated that the former president left behind a N7 trillion liability.

“They were not talking about the absence of light in the house, but they were talking about the capacity to produce electricity is 12,000 megawatts out of which only 5,000 could be released.


http://www.premiumtimesng.com/news/headlines/185471-jonathan-left-n7trillion-deficit-for-nigeria-buharis-transition-committee-chairman-joda.html

Obiagelli:
Even when the article you posted stated clearly the reasons for the loss, you still made this comment.

Have anyone talked about savings in the NNPC? is the NNPC the only revenue agency

If it was GEJ's regime, it becomes fraud and embezzlement but not anymore because Buhari is incharge.

By this revelation, it shows that the present Auditor General is the most stupid and deceptive appointee of Buhari's government with his recent comment on past NNPC remittances.

They always play with APC zombies intelligence by diverting peoples attention to inconsequential technical issues to keep them occupied hence they join wailer to complain about this precarious economic situation they forced Nigerians into.

Standing5:
Stop distorting public perception of situation with lies. You mean Gej admin built up generating capacity up to 5,000MW, 6,000MW, 7,000MW, 8,000MW, 9,000MW, 10,000MW, . . . . . 12,000MW without increasing transmission capacity and your are the only privy to this information? Chai . . . . There is God oh!

Sharap and never quote my comment if you are not here to learn from people with facts and information privy to only the ruling caucus who knows no political divide.

Do you know what it cost to build a global transmission infrastructure Nigeria operate instead of the new generation captive system as recommended by experts for a country like Nigeria?