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MaxInDHouse:So billionaire Jehovah witnesses don't use weapons to protect themselves from kidnappers in Nigeria? Keep deceiving yourself you hear? |
Nigeria is the main producer of many things some more important than crude oil. Why not subsidize all those things too? Why only pms made from crude oil? |
IbeOkehie:You are not academic in your submission. Why do you think black people are worse than others? Because of skin color? Then the success of a nation is determined by the leadership. If you have patriotic leaders then you will end up with a higher average IQ and a higher HDI, better infrastructure and etc too. Patriotic leaders will by hook or by crook establish a functional society that will work well even if a child is appointed the leader It is like the saying a pride of lion led by a sheep will lose a battle against a herd of sheep led by a lion. That is how it works DNA is just clothes and generics don't mean much as all kinds of people exist in all cultures but of course you need to be fully sentient to function properly and if you are not an im becile you qualify You are able to finish a degree, learn a trade and etc? Then you are fully sentient and good to go |
ARE IGBOS MARGINALIZED IN NIGERIA? If Igbos say and believe they are marginalized in Nigeria, it does not mean they are marginalized because you have to examine the facts and reality and not be swayed by emotions. If there is going to be zoning in the country and there should be zoning if the country remains one then the only valid ways to share is by population or by tax payment and the only valid census figures we have are things like NIN, BVN, registered SIM cards and etc. We know the output in taxes too. Then zone accordingly. Any other method would not suffice. Igbos have been sworn in three times to lead Nigeria. They have spent up to seven years in total at the helm of affairs in Nigeria and Nigeria kicked off in 1960. Therefore they are not marginalized. People from there have led the country. Igbo people are not more than three times Akwa cross people in population if up to that. Therefore Akwa Cross people claiming to have been marginalized in Nigeria would be a more valid claim than Igbos making the same claim. For the SW to mark up with the SE in ruling Nigeria, they must produce the President for 21:years and that is if the population of the zones were used. It would be another ratio if taxes were used. So that is the reality. Repeating something many times does not make it true. |
New odus of ifa September 28 2026 OSA OFUN When you don't draw the line between gift and duty, you will be bled and still be blamed It is not only those who are wrong that are labelled guilty It is those who happen to lose in court too! If they maintain sealed lips So draw the line between gift and duty so that you will not be blamed while being bled. Note This is an advise to Lagos state and other port states in Nigeria to insist on being paid a commission from FG earnings from the ports in their territory. Such earnings are an important part of government revenue in many nations just like oil and gas is for the Niger delta state governments in Nigeria. Osa Otura Lies can become truth if repeated relentlessly. If a lie is not vehemently attacked at the nursery stage, it can become like an iroko tree. It was because it had a breathing space at the initial stage that the lie that a virgin gave birth to a son became a truth accepted by billions of people on Earth. So when ten people say they outnumber ten thousand people or your tenant says they are your landlord, take them seriously and reject the claim with the truth you have when you still can. Note The most outrageous claims do become reality overtime if not strongly debunked. |
megawealth01:They should at least have bank accounts. If no bank accounts then it would be wrong |
MaxInDHouse:DO PEOPLE HAVE TO BELIEVE YOUR SHIT TO BE SAVED? THAT IS THE QUESTION. DO YOU THREATEN LAW ABIDING UNBELIEVERS THAT THEY WILL CEASE TO EXIST IF THEY DONT BELIEVE? IF YOU DO THEN IT SHOULDN'T BE CLASSIFIED AS COVERED BY THE FREEDOM OF SPEECH BECAUSE EASILY IMPRESSIONABLE PEOPLE EXIST WHO LOOK AT STATUS AND ETC OF WHO IS TALKING IN ORDER TO DETERMINE WHAT TO BELIEVE AND IF THE SOCIETY BELIEVE THINGS THAT ARE WRONG LIKE LAW ABIDING PEOPLE BEING PUNISHED FOR UNBELIEF, IT WILL LEAD TO AN UNSAVOURY DESTINATION FOR THE SOCIETY AS A WHOLE |
WHO SHOULD BE ON MINIMUM WAGE? And how should it be fixed? Young unmarried people starting off in life with little skills or education should be the category of people on minimum wage and no one else There is nothing wrong in anyone starting off like that whether in government employment or in the private sector so far they are on the way up and they will certainly be on the way up if they are in the formal employ of a sizeable company or a well to do person. However people can be stuck if they can only find small jobs and also because of other reasons that is not exactly a fault of theirs. Many governments make laws to mitigate this outcome by fixing minimum wage for age grades. I think this is done in the UK. A minimum wage in my opinion will be okay if it is at least ten times the cost of accommodation for a single person living alone in a one room apartment in the city the minimum wage is paid. All the prices in the service sector of any city rests on the cost of accommodation for a single person and rent and services form the overwhelming bulk of any economy. In a country like Nigeria, the law says eighteen percent of your income should go into a retirement savings account funded by you and your employer. However this law is not adhered to and contributions according to reports I heard is currently dropping rapidly. It may be as a result of some provisions of the new tax law by the current administration or because there is no longer any enforcement. The law is actually inadequate because it is mandated only for employers over a certain threshold of number of employees when there should in fact be no exemptions. If however it is adhered to and mandated for all employment contracts, then someone who worked at a wage of 100, 000 naira per month for 30 years should have 37 million naira saved if a growth rate of ten percent per annum on average is maintained. Meaning that if the minimum wage is 100, 000 naira per month in Nigeria and you work for thirty years without promotion or wage increase then you should have more than 37 million naira invested on retirement. If you collect all this money and invest it to secure just five percent per annum then you will have around 2 million naira per annum in income which is higher than the minimum wage but you can get more than that by just leaving the funds with the funds manager. So indeed it is possible in any country to work minimum wage your entire life and still be able to retire soundly on your savings if you do not marry and did not have to support any dependant during your working years |
MaxInDHouse:YOU DO NOT UNDERSTAND WHAT FREEDOM OF SPEECH MEANS AND THAT IS THE PROBLEM. ISSUING THREATS OF ETERNAL DAMNATION OR DESTRUCTION AGAINST LAW ABIDING PEOPLE ISN'T COVERED BY FREEDOM OF SPEECH. https://www.facebook.com/share/v/14sTraGs6Rr/ |
History of agitations for autonomy and referendums in Nigeria. The first successful agitation for autonomy in Nigeria was by the Yoruba in Northern Nigeria and the first protest against how Nigeria was arbitrarily structured was by Chief Sapara Williams the first Nigerian lawyer who can be described as the first Nigerian politician while Herbert Macaulay the first NCNC leader is the first Nigerian nationalist. Chief Sapara Williams was the first Nigerian to be appointed into the Lagos legislative council and he was there from 1901 to 1915. One year after the amalgamation of the Northern and Southern protectorates in 1914. He died in 1915 at less than sixty years old but it was long enough for him to submit and register a protest to the British that the Yoruba in the North should be part of the western region and not the North. Needless to say he would have continued the struggle if he hadn't died in 1915. The Yoruba people of Ilorin and Kaaba provinces in Northern Nigeria continued the struggle by themselves and the British agreed to conduct a referendum which they did and the Yoruba in the North voted to join the western region before Nigeria's independence but since the leadership of the western region was in the opposition, the ruling coalition of the Northern People's Congress and the National council of Nigeria citizens refused to implement the result of the referendum which the British left to the new post independence government. The western region was by a wide margin the best run region of Nigeria if government revenue were to be used as a metric. They had 55 million pounds budget against the North's 7 million and the East's 12 million in 1960 but instead of the federal government to implement the referendum result submitted by the British before their departure, they focused on splitting up the best run region of Nigeria as it was under opposition party control. They also refused to listen to agitations for the more deserved self determination emanating from their own backyards in the regions under their control. Since the constitution allowed it, the Action Group had no choice but to support the request for autonomy by some leaders of some provinces in the western region. Nobody would like their territory to be diminished of course but it was an AG member that moved the motion for the referendum in the said provinces which was conducted and whose result came out as Yes for autonomy. Who would have sufficient resources and not say yes to autonomy when they are even of a different language and the constitution allows it? Needless to say that if no coup in 1966 and the constitution was adhered to strictly, then despite the public boast by the NCNC and the NPC leadership that the Midwest region would be the last to be created in Nigeria, that all ethnic groups including sub ethic groups like the Ijesa, Ijebu, Ilaje and etc would be having their own states today with the help of the Action Group and other opposition parties. The AG leaders were arrested for treason in 1962 and the Midwest was created in 1963, the first coup happened in 1966 and the civil war broke out in 1967 and it was downhill for Nigeria starting from when the country started to depend almost entirely on crude oil to finance the budget until 2023 when the trend was force reversed and global economy regulatory bodies started praising the country again. It was also downhill as a fatalistic and unhealthy ethnic competition among the ethnic groups in the country intensified.If territories were well demarcated and each group is in charge of its own economy and security, where will come from the reason for unhealthy competition? I digress. Other Nigerian groups in the North and the East had violent agitations for autonomy including serious riots in the North in Tiv lands and a secessionist war that went on for over one week in the old Eastern region led by Major Adaka Boro The civil war followed and it was won and lost and the subsequent military governments divided the country as they deemed fit. They granted autonomy as they deemed fit while the fact remains that the founding constitution agreed to by the founding fathers grants states on demand after referendums. Agitations continues as at today September 26 2026 and nothing short of granting ethnic groups and/or traditional states autonomy over their ancestral or traditional lands will be adequate. A people like the Ijesa have been a modern state for one thousand years with all attributes in full. The Ijesa have been a proper modern state before the majority of western Europe that were feudal states became modern. Being relatively small does not negate the fact but in Nigeria, the Ijesa are not afforded autonomy over their land. People divided by imaginary South- North lines or East-West lines or inter state lines have the inherent right to unite as the Yoruba in the North attempted to do in the 1950s with support from colonial Britain that conducted the referendum during which they voted to join the western region. The Igbos, Igala, Idoma etc have the right t unite their lands and etc Let people unite or disintegrate as they want. The Ezza and Izzi etc cut into three or more states have the right to unite. The Igbomina, Ekiti have the same right, the Urhobo, Ijaw and etc too. Proper and unforced alignment aids development and progress If Nigeria is going to break up, it will bring new scenarios that didn't exist anywhere on Earth prior and that is the issue of control over maritime waters and the inherent resources. It can not be workable for some small settlements on the West African Atlantic coast to be handed control of Nigeria's maritime waters but every community have the right to autonomy up to full secession especially if that is the only way the people can become prosperous as appears to be the case in Nigeria. |
MaxInDHouse:If you are making spurious claims while insisting people have to believe to be saved then that can't be described as a promotion of peace. It is infact a recipe for war |
onuman:This is not INEC's fault. It is the fault of the entities empowered by the constitution to contest elections. No other entity can sue for damages apart from them |
How to deploy the new power generation and distribution companies with dual licensing. 1. Grant licenses with nationwide coverage on request maybe for one million dollars per company in a country like Nigeria 2. Mandate all PV farm power plants in the country to distribute power only through the newly licensed companies. A deadline can be chosen for this. The independent PV farm plants will use their own electrical power only through meters owned by the newly licensed companies. This is important for accounting purposes. If you generate your own power then not more than five percent of revenue should go to the company licensed for distribution. It can be much lower as determined by scale. 3. Then no new power generation licenses should be given for solar PV farms unless it is the dual licensing that costs a million dollars. 4. Private users maybe allowed to install PV farms and they may not but if they are, it should not be above a maximum threshold to be determined by the regulatory body for power and they must register for accounting purposes too while they should not be able to sell the power. Anything approaching industrial scale should not be allowed for private homes. 5. Other non PV farm power plants across the country should distribute power only through the discos that were originally registered. This is for accounting purposes. They should not pay more than five percent of the revenue for this purpose. This is what I believe should be the basic rules for any country that wants to use the system. |
Parachoko:Sham elections are better than no election at all with the governor controlling everything. With sham elections you can still get an executive that will bring change. Also a community can band together and vote for anyone they want. Badagry for instance used to vote against the party controlling Alausa. If one part out of the registered party take the matter up, they can force elections to be regularly held. Individuals can not do t because the constitution recognizes only political parties. They can sue any state government for damages and they will pay while the court will mandate them to announce election date which if they don't they will be sued for damages again |
BlackViper:It will be close to 50k buildings standing on a land of 150k population |
Who is to blame for this? I think it is the political parties in Nigeria who appear to have been bribed so that they will not challenge the governors who dont hold local government elections. If there is democracy in the local governments then some of them will throw up real visionary leaders as chairmen A local government with 150,000 population will have up to 50,000 buildings and tenement collection wil be around 2 billion naira per annum, adverts should be up to 100 million naira, produce tax if majority of workers are farmers will be in excess of 5 billion naira per annum. If they are not farmers then other taxes will be higher But it can't happen when the governors don't hold elections and the non ruling political parties are ok with that |
AN APPEAL TO SOME WEST AFRICAN NATIONS ALREADY USING MY PUBLISHED RECOMMENDATIONS I pointed out in one of my publications that it is best for farmers to sell their produce through a produce board and that all it requires is an agreement between the farmers' union and the produce collection board on what percentage of final selling price to always give to farmers regardless of expenses incurred by the board and farmers will thereby get the best bargain provided they have a representative on the board of the collection agency which may be a government agency. I gather that the policy was implemented in some West African countries and the farmers that sold to the produce collection companies to collect money later got around double of what those who collected money upfront got This is okay and congratulations to them. I however urge them to contact the US government for the purpose of making a voluntary donation because billions of dollars have been spent over twenty six years to keep me alive by a US led four member consortium of nations. May God bless them in all their endeavors going forward and they should ask first before using any more of our conclusions. |
Is an African seat in the UNSC the logical next step? The answer by me is No. The logical next step is a well funded democratic United Nations. India has more workers and probably more people than Africa meaning India is more productive than the whole of Africa put together. The average dependency ratio in Africa will be at least a bit higher than India's while the population will be similar. There is no reason to say Africa deserves a seat at the UNSC while India does not. No head is more worthy than any other. Therefore, if you want equality at a global level, you should not plan on leaving India or any other nation behind. What everybody should be clamouring for is an equitable United Nations with a fixed number of seats allocated to nations according to their GDP and well funded by those nations also according to their GDP. |
AFFORDABLE CAPITAL FOR AFRICA? The capital is lying there in any big country and you are the one as a government that have refused so far to organize and harness it. Why will you complain when you have done so much quantitative easing that bank interest rate for consumer loans is around 25 percent and fixed deposit rate is ten percent or hgher in your country? You are the one that laid your bed the way you want to lie on it. You did it by QE, Quantitative easing ie inflation. If you want cheaper financing for anything, you will get it even in your own currency, from your own local people if your inflation is low,and your local capital is well organized. The rate of bank interest is tied to the rate of inflation in any country. If it is your private companies that need investing, it is cheapest for them to sell stock. No easier route to business funding than stock options. Stock options is infinitely cheap as a means of financing for corporations How can big countries like Nigeria, Ethiopia etc be begging for low interest loans? It is not right. An example of financing that is accessible in a big country is the money the federal government of Nigeria is owing the local pension fund administrators. However the same would have been accessible in any country of any size big or small with a retirement savings account law. You will be able to raise money locally as a country according to the size of your GDP However the pension funds administrators in any country will prefer to put the monies under their care in the stock market in any country if quantitative easing is a main source of government revenue in their home country for obvious reasons. They can not be handing money to government only for the value to be inflated away shortly after. It is people's life savings we are talking about here. In a place like China that is with very low inflation, retirement funds can be lent to government without qualms. However, Retirement funds should in the main be routed to the stock exchange. Conclusion As a country, organize yourselves to use cheaply your own local capital first before complaining that you do not have access to cheap financing from abroad. There is nothing you want to establish in Nigeria as an example that can't be financed ridiculously cheaply via the NGX. Even foreigners will come via the NGX. Foreign technical partners will also subscribe via the NGX as well as local people. Your viability and that of your business is what is important. You can also receive funding even without a public listing because you only need vision and credibility as well as the ability to articulate your vision. The way it applies to business is the way it also applies to government. Put your house in order. Have a high government revenue to GDP ratio. It will lead to lower inflation and lower interests on bank loans for government and corporations. There then will not be any need to read speeches in the United nations about not having access to cheaper funding. |
The hay board and how it will work Nigeria has around 20 million cattle heads according to AI but to be at par with most European countries we need up to 30 million These 20 million cattle heads will consume 100 million tonnes of hay per annum and around 8.75 million tonnes per month Maize Stover will produce over ten million tonnes of low grade hay or 0.8 hay that needs to be seeded with protein Feed milks will produce the protein We produce around 12 million tonnes of maize per annum according to AI but it may be more and maize Stover of around the same weight meaning that maize waste alone can feed all cattle in the country for around one and a half month every year and there are still waste from other crops. Probably more or less all crops have waste that can feed cattle and we can assume fifty percent of cattle feed can come from farm waste which will need protein seeding. However hay making alone can generate all the feed needed if all schools, government compounds and etc are mandated to make hay with the help of social media influencers and etc teaching them how to do it. It is money as one tonne is like 120 dollars to the ranches and it can be 80 dollars or less when collecting A kilo will be 0. 08 dollars which is around 100 naira or thereabouts.Everybody can be mandated to make some and all that will be needed more are collection points at all markets and then warehouses to store the hay. If 20 million cattle are waiting for it then the revenue will be close to ten billion dollars per annum and government profit will be up to one billion dollars per annum from it.. The hay made from blooming foliage does not need protein supplements. All that needs to be done is to kick off and then ban open grazing when there is up to say five million tonnes of hay warehoused all over the country and the rate of production has been determined to be high enough. I believe we can make hay in Nigeria to feed 50 million cattle heads. |
2mch:In the 21st century, someone is actually saying a community of millions can't afford a police force! A member of a community of cave men would be wrong to say such |
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TOPIC- AN EXAMINATION OF THE IDEA OF POLITICS ABSTRACT Politics is what we call what national leaders do across the world and this short work is to examine what it really entails, how it came to be, its effects as well as advantages and disadvantages INTRODUCTION This short work was made possible because I am under the protection of a USA led consortium of nations through whose benevolence and via whose superior firepower I have remained alive up till now. If you therefore find anything I write useful, they are more to be thanked than myself, particularly the owner of the initiative to dig in with and for me in the person of the late President George Herbert Walker Bush of the USA The purpose of the work is the discussion of politics, we might also call it multiparty democracy. It started at the house of commons in England. The original house of commons was not different from an ancient Roman senate or a Greek assembly or parliament and etc. It however became what it became upon being split at first into Tories and Conservatives. There was also a time that war broke out in the English house of commons which led to a civil war which was won by the side that was against the King and the King was publicly executed. LITERATURE REVIEW The generally accepted conclusion on Earth presently by the majority of nations is that politics must be played and therefore it is only a few countries that do not play politics on Earth presently. There was a time in the past that it was not like that. METHODOLOGY I am a student of history and I have visited more or less all cultures on Earth by reading or at least the majority of the most populous ones. I grew an interest in how things work, how governments established legitimacy and what mechanisms older civilizations used to put a check on the public officers leading their societies. I was interested in determining if politicking ie multiparty democracy actually is inherently valuable. It led to years of brainstorming that led me to certain conclusions about politics. I also outlined some advantages and disadvantages of politics RESULTS From the reality on the ground I drew the following inferences 1. England is the founder of politics just like it is the founder of Corporations that led to the industrial revolution. 2. The USA on being established realized that something is not right about a society of free for all politics and they established a two party system to reduce or mitigate the traditional confusion associated with multiparty democracy or politics. 3. The US went further to create a behind the scene one party system in 1947 perhaps because they realized it is the only way and the one party in the USA is the CIA and the ideology is to always succumb to superior argument. It became necessary after the USA became the leading world power after the second world war. You have to sit up when responsibility is thrust on you 4. There is no politics in countries like Russia, China, North Korea, Singapore, Cuba and also in Germany. 5. The countries that do not allow politicking still progress as what societal progress needs is peer reviewed leadership and funding not politics 6. There can be different parties contesting elections but upon winning elections, politics can and should end while power is shared. People in government should not oppose in public a position that is supported by the majority vote of lawmakers 7 The only oath that a law maker needs to take is to never oppose common sense and to never support evil DISCUSSION Advantages of Politicking 1. It makes the masses think they are in control 2. It generates economic activities during political campaigns Disadvantages of politicking 1. A charismatic person of bad character can win elections especially if background checks are not thorough enough and if not closely monitored, the person can derail the nation. 2 Politicians on opposite sides of the divide feel obliged to always oppose each other leading to nation building not being academic 3. Many citizens take a cue from the politicians ridiculing themselves in public and some of them not only join in but also make a career of peddling malicious and baseless rumors about anyone they choose to 4. It is not a scientific way of approaching nation building and the scientific and academic path is always the best in any endeavor. 1. England founded politicking It happened by chance and it subsequently became a kind of ideology that when there is a ruling party, there must traditionally also be an opposition party. A ruling coalition versus an opposition coalition even when there is a real risk of turning nation building into a Tom and Jerry comedy show. Many nations that copied this wholesale have been known to have brawls routinely breaking out on the floors of their national assemblies. Corporations are a good thing founded in England and copied by the rest of the world. Politics is what England founded that did not increase efficiency anywhere. Opposition for the sake of opposition does not add to efficiency. 2. The USA founded a two party system. This is a clear rebellion against the system in England. After all, barbarians talk in thousands and if you want to dissent, then organize yourself into one group obviously was the thinking. There is however no need for organized dissent. A single voice is always and will always be enough. The two party system established in the USA was a bid to have more decorum in the USA than what obtained in England. Even in the English parliament, major progress have been made by listening to one voice that did not shut up as against a formidable opposition. An example is the motion that led to the establishment of the postal service. One voice is always enough 3. The Creation of the CIA After 1945, the USA was the only nuclear armed state on Earth until 1948 when the USSR successfully conducted nuclear tests. The CIA was formed as an intelligence sharing organization whose advise can not be ignored by the US leadership. This makes it the one USA party. The move became necessary because of the enormous power the US government had as at 1947 when the CIA was formed but even up till today. It was however moreso when they were the only country with nukes. All former US Presidents, all former CIA directors and many high ranking officials as well as professionals have equal input in CIA resolutions and such resolutions are therefore never based on mere emotions. A US government refusing the advise of the CIA is like a precolonial Oba refusing the advise of the Ogboni in Yoruba land or a CEO refusing the unanimous advise of the board of directors in a company where the majority of the shares is free float. Therefore by 1947, the US had opposition party politics on TV but a one party system in the engine room because common sense told them it is the only way. No politics in a one party state. 4. No politics in Russia, North Korea, Germany, Singapore or the old USSR and etc In these countries, the government generally say what they mean and mean what they say more than the global average at least. Take the defunct Soviet Union as an example, there was no going back and forth when they accepted the academic position that the free market economy is the correct path. In Germany, there is always a coalition government because they believe if you win seats as a political party then you have earned the right to be a part of the government as a party. 5. Non political countries do progress The best example of a non political country that fits the idea of what is generally accepted as progress in a country is Singapore as it matches any OECD country pound for pound Singapore, Russia, China, Belarus are ranked together in freedom of the press and etc. Only one party has been ruing Singapore since independence What brings prosperity and sustainability to nations are the duo of peer reviewed leadership and funding. Freedom is automatic with peer reviewed leadership. I am not saying a country like Singapore is perfect but I align with the position of the late Idi Amin of Uganda who said 'Freedom of speech is guaranteed but freedom after speech can not be guaranteed'. I consider that as fair enough 6 Different parties can still contest elections in an academic non political state Part of freedom is the freedom of association. Therefore people should be able to contest elections on any platform that satisfies the constitutional requirements of a party. The new rule needed to eliminate politicking in any country is that there must always be a government of national unity that includes all winners 7 Oath for lawmakers Take the ancient Yoruba Ogboni for example, their anthem is a mantra heaping curses on themselves if they ever do evil. That is more than enough for any legislator in any country. To take a simple oath against evil doing and against acting contrary to common sense is a simple short cut that takes everyone home. CONCLUSION In conclusion, nation building used to be an academic undertaking in pre industrial states like Rome, Greece, Persia, Yoruba land, Aztec and etc. A gathering of statesmen used to be a solemn assembly until the arrival of the system of ruling party/coalition and obligatory opposition party/coalition via England that is now common. Dissent for the purpose of dissent is not nation building but sports and it will be a good thing if any nation does away with it References The history of the CIA https://www.cia.gov/legacy/cia-history/Tories and Conservatives https://academic.oup.com/edited-volume/28078/chapter-abstract/212117368?redirectedFrom=fulltextWorld Press Freedom index 2026 https://rsf.org/en/2026-rsf-index-press-freedom-25-year-lowThe execution of Charles I in 1649 https://en.wikipedia.org/wiki/Execution_of_Charles_I_of_England?fbclid=IwY2xjawUgvJ5wZG9mAWV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHke4t0aOloaICrwnENuH_NdS-rA7_7wyKGQE2y6uxXBsG95zdpn88iLFDj0__aem_k0_uIVvbgNI8ZMuszGSHMQ |
The estimate price crude oil will correct to in the free market if cost of living were even across the globe Oil consumption by income group Rough estimate High income countries 43 percent Medium income countries 26 percent. Middle income- 13 percent Low income countries- 18 percent If the cost of living were equalized, the high income countries will drag down price to less than five percent of the current price but their weighted average is less than fifty percent The middle income countries like China will drag down the price to around ten percent of the current price and their weighted average is around 26 percent The middle income will drag it down 30 percent and weighted average is 13 percent Low income will leave it at around 100 percent and weighted average is 18 percent If countries are 100 in number and oil price is 50 dollars then new price will be something around 43(60)0.05 + 26(60)0.1 +13(60)0.3+18(60)1 divided by 100 (129+156+234+1080) Divided by 100 1599 divided by 100=15.99 Estimate New crude price that the market may correct to if cost of living across the globe became equal is USD 15.99 Possible deviations High income countries can nominally reduce in GDP to up to two percent of current size if all countries aim at less than USD 2000 per annum in per capita income which will mean that the calculation or estimate above will be wrong. If a per capita income of 50k dollar per annum is forced down to 2k dollars that will be a 96 percent reduction and the final crude price will be lower than my estimate in that scenario |
helinues:I have read you on this site if I remember right saying you live in THE USA. It doesn't matter though since you are anonymous The point is that minimum wage should apply to all employers as it was meant to be. There was minimum wage in the western state of Nigeria in the 1950s and it applied to all employers What is the use of a minimum wage applied on only government workers and the OPS? |
helinues:You are in the US and instead of you to say minimum wage must be enforced on all employers you are asking how many people are in government employ? Where you are that people save to escape to, do minimum wage apply to only government workers? |
Labour unions, inflation and minimum wage bargaining Wage increase does not cause inflation. What causes inflation is money printing. The idea that if government increases wages then prices will go up is wrong because if the amount of money in circulation remains the same then prices will not rise unless the cost of production rose sharply. This is why labour unions should be more concerned about stopping government from printing money recklessly than on asking for wage increase. Believe it or not, if no money printing for ten years in any country then prices will begin to drop and loan interest rates will also drop sharply. If you force government to raise wages as a labour union, it is easy to deduce that they will print money to offset the new expenses. That is how the ten million naira of 2026 Nigeria came to be having the purchasing power of less than 1000 naira in 1970 Nigeria. What should you do as a labor union? Ask government to have a high government revenue to GDP ratio because with high revenue, the government will have less need for inflation or money printing. No government is inherently evil in any way. Not having a clue is not evil and not being an expert is not evil. Most people would do better if they know better Then ask for a minimum wage that is at least ten times the cost of accomodation of a single person living alone in a one room apartment. |
MaxInDHouse:Buddhism does not claim to own absolute truth. They don't publish as truths things contrary to common sense. They say only reasonable things. No reasonable person will say the contents of the Bible must be believed before anyone can be saved. No reasonable Buddhists will say you have to follow Buddha to be saved. Only Christians and Muslims do things like that and they make money from it too while they also actually believe they are doing the right thing. That is why you tend to see them everywhere in countries that allow such but Buddhism is hundreds of times bigger than JW and also more popular. Buddhism is scientific by not claiming sole custody of truth. JW isn't. |
DO THINGS THE CIVILIZED WAY It is unethical to use the results of any pointedly sponsored research without the leave of the sponsors. If you think it were simple and easy, why didn't you get the result yourself? When I was at Prest Group Lekki, I discovered a way to massively increase the shelf life of Palmwine. Will it be right for anybody that didn't discover such independently to use the knowhow without leave from Prest Group? No it would not be right in a civilized settings especially as It is an innovation with revenue potential. In the same way, it would be wrong for any entity no matter how big or how small to use any of the conclusions I publish without leave from the USA led consortium of nations under whose protection and sponsorship I am working. They may not ask you for money and they may ask you for one dollar or for any amount but do things the civilized way whether you are a company or a country and if you do not then you are going to have co-measurate issues which are best avoided. Whether it is going totally green energy as a country the way I described or establishing an hay board, increasing your government revenue to GDP ratio in order to develop as a country or any of the numerous policies I have articulated online, you would be totally wrong as an entity to use any of them without the leave or go ahead of the consortium of nations sponsoring me led by the USA. |
Nigerian business leaders ask that the Chinese be reined in by the government? Nigerians who are among the most dispersed in Africa by absolute numbers have no locus standing to be asking that some other people be reined in in Nigeria. No serious nation dies such. What you do is organize those who have chosen to work in your economic space. Impose minimum wage and invest in an ecosystem that makes things easier for them and profitable for you. The more workers in any nation the more viable the nation, the more taxed those workers the better. As an economic player that employs you shouldn't be scared of competition. What you need is capacity and no one can take away the capacity you have already but you also need management strategy to fully deploy the capacity. As a trader, you need sales points and a good management cum reporting format. Not loans. Traders do not really need loans. When I was a trader in Ile Ife. I had four points staffed with two people each and another four staffed with four with another four on shift and three mobile sales point. I was not able to become a major dealer having being blocked by the RCCG and the Deeper life but I took the sub dealership by force. A dealer posted to Osun state or assigned Osun state has not finished his round if he was yet to send people to me or invite me for a meeting. I did not have the support of anybody but I had capacity and a solid reporting cum management format. If I open on any single day, I would see money on that day (guess how much) and in an organized country I would easily be able to raise a bank guarantee (BG) of over 2:million naira in 2009 given the lease holds and built up structures I had back then but a dealer would need probably over 50 million naira in BG for only MTN back then and the RCCG and the Deeper life people made sure I got no support or backing. So that is how it works. A manufacturer needs capacity in output per hour or per day. A trader needs capacity in turnover guaranteed by permanent addresses, sales points, relationships and REAL ESTATE etc. They need real estate so that they can be able to raise bank guarantee to meet the MOQ of any company. MOQ is Minimum Order Quantity. You don't need loans and when you take loans you can get it for even one point above the fixed deposit rate if you have collateral and anyone that can raise a BG can also raise collateral. If you can't, then seek investors. If a trader should take an urgent loan, then he or she must invest the gains in real estate to be used for BG later. The Chinese who are in Nigeria are not manufacturers. They are in wholesaling and retailing and they must meet the manufacturers' MOQ too. |
Roycemadeit:I hear they have now allowed members to be receiving blood from others |
How would a higher taxable minimum wage affect a SME in Nigeria say a water factory Let us say the company has ten workers with one driver and one supervisor Driver 100k Supervisor 120k 8 Factory workers - 480k Business owner- 600k 3000kwh electricity consumption per month @ 100 naira per kwh -300,000 naira Other expenses- 200,000 Total - 1,800,000 200 bags of water sold per day at 700 per bag is 4.2 million monthly And let us say they sell only 100 and that is 2.1 million naira If minimum wage is imposed on them and wages rise by thirty percent, expenses will rise by 360k per month and sales will also improve in any economy where minimum wage is increased. The company will not need to increase prices by more than ten percent to cover the difference because we don't really need to add the CEO's wage. Then as prices drop, energy prices drop, pms costs drop, competition will cause the price of the pure water to drop even below what it was before the minimum wage increase. It might go to 400 naira per bag instead of 700. So minimum wage increase will cause an initial price hike and it may not because wages are often not a significant part of expenses for many business owners. They just pay market rate and pocket whatever remains after other expenses. Employers PAY MARKET RATES. WHAT THEY PAY WORKERS IS NOT DETERMINED BY THEIR PROFIT BECAUSE NO ONE KNOWS THE DAY THAT THERE WILL BE SALES AND WHETHER THERE IS SALES OR NOT, WORKERS WILL BE PAID. THIS IS WHY GOVERNMENT NEEDS TO ALWAYS INCREASE MINIMUM WAGE TO BE ABLE TO BEAR TAX. |

