₦airaland Forum

Ofunaofu:
Can you compare the value of the minimum wage under the Jonathan administration with that of the current minimum wage under Tinubu?
By value, I mean what the minimum wage can actually afford in terms of purchasing power.

The reason the Tinubu administration isn’t celebrating the increase in the minimum wage from 30,000 to 70,000 as a major achievement is that it would highlight how poorly the economy has been managed. It will be ian indictment of the government’s performance, given the widespread hardship, rising hunger, and growing poverty.

You can’t remove fuel subsidies, devalue the naira to the point of near worthlessness, and raise the pump price of fuel from below N200 per litre to around 1,000 naira along with the resulting increase in transportation costs, inflation, and food prices and then turn around to boast about giving more money to state governors or claim that they no longer owe salaries. It simply doesn’t make sense.

Ofunaofu:
The reason governors are no longer owing salaries isn’t because they are receiving significantly more funds. Rather, it’s simply because it’s no longer fashionable to owe salaries in today’s Nigeria, where the 70,000 naira minimum wage can barely afford a single bag of rice. In contrast, under previous regimes, that a minimum wage could buy at least two bags of rice, with some change left to purchase other essentials. So what is there to owe?

You can’t compare the value of the money governors used to receive before Tinubu grabbed, snatched, and ran away with power to what they receive today. Yes, they are receiving more in naira terms, but the value of that money has depreciated by over 400 percent.

For instance, before Tinubu assumed office, a kilometer of road could be built for less than 200 million naira Today, under his administration, the same kilometer costs about 1 billion and or more, in some cases, as much as 7.5 billion naira per kilometer, as seen in the Lagos–Calabar Coastal Highway project.

SmartPolician:
Geometric aleady had their poles all over Aba before Buhari even became president. What stalled the project for a long time was a court issue between Emeka Offor and Barth Nnaji.

ChenHao23:
Yet the Nigerian stock market lost over 200BN yesterday.
Who do una this thing? Telling lies for crumps

Lanruze:
Nigerian EuroBond has the most attractive rates denominated in Dollars ($) in the whole world as at today.

Government Bonds are the most secured asset class in the world it Government secured.

You see Propaganda, Story/ Narrative spinning and PR stunts will not help Government especially the PBAT Government.

PDPdestroyer:
OP, see what you’ve caused now, my Obidient neighbour is refusing dinner because of this news. Seun kindly pull down this fake news

SmartPolician:
While the governor is trying his best, that Aba Power Company is 100% is a private company and has nothing to do with the state governor.

ALTERNATEID:
Literally, the international investing community gave Donald Trump the middle finger. While FG was looking to raise $2.25 billion, investor subscribed for over $12 billion thereby leading to 400% over subscription.

No matter what Trump does, foreign investors have absolute confidence in Nigeria.

omenka1:
And one demented homo sapien somewhere was saying that by all means come 2026, Otti will be booted out of office by one yeye political party compelling the not do Wells to join their party.
Otti has already won the heart of abians, he has done his campaign already with projects that are touching lives of his subjects, no be talk talk governor, na governor with doings.

The Eurobond issued today was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat.

The dual-tranche offering, designed to raise external capital and diversify the nation’s funding sources, attracted over $9.1 billion, resulting in an oversubscription rate exceeding 400 percent. This demand allowed the Debt Management Office (DMO) to successfully price both the 10-year and 20-year tranches.

The 10-Year tranche saw seven times the demand, leading to an oversubscription of $4.9 billion (for an issued amount of $700 million), while the 20-year tranche saw its demand exceed $4.2 billion (for an issued amount of $1.5 billion).

The oversubscription is particularly notable as it came amidst a period of heightened market jitters stemming from US political developments, specifically the implied threat by President Donald Trump of military action in the country if its government doesn’t halt the killings of Christians by Islamist militants.

nairalanda1:
Nigeria should industrialize is the point tho

Dreamhans1:
We gift them the cocoa for free I can personally attest to that

nairalanda1:
A lot of people love to mock me when I point out how dependent on oil we are....and how bad it is for our economy.

Mr Oseni has demonstrated further how bad it is for our economy.

You know me, I have repeatedly said that all Nigerian leaders from past to present are bad leaders because they do not use our resources to make exportable manufactured goods. Instead we sell oil, and when oil price does not meet up, we get broke and take loans. Expolitation of the type above is the last straw.

Many Nigerians don't realize this, which is why we will never get a good leader, because their idea of development is equitable sharing of oyel money. Which does not work because...we are broke.

Keep in mind that even if we get the 46 billion euros that Oseni has calculated, it still wont be enough for this country. We need something that can give us an income , by my own estimation, of hundreds of euros a year...so that we can have a budget that is at least 150 billion euros which would give us the kind of standard of living that we can enjoy.

But like most people, we keep on voting for leaders who promise equitable sharing of the money. Like now, we have tinubu whose slogan was it is my turn...to help share the moni.

Anyway, make we continu. I cannot help people unwilling to see, see.

Denalarian:
These are arguements with facts not one with fake statistics

aribisala0:
What is the job of a minister of Science and Technology maybe you can help me understand what your point is
Many of you know nothing and think you know it all

They have a minister in the same role in Japan
Yohei Matsumoto

Go and do some research

budaatum:
I'm delighted Peter Obi did not fall into a trap. I'd have had to start looking for a new candidate to support.

He's been even smarter than non-politician me suggested!

Faber:
Meet with who? Is that what you were told. Trump ruled out any meeting with him.. he came back yesterday and called off, Tinubu's visit

Infotubia9ja:
All I see is a hater lol..
Infact if trump gives the green light na me go be top front men. Clear all them bokoharma and currupt leaders nigerians don suffer reach.
I go so happy come clear all if you like enter my front I go clear u comot for road hahaha

Dogalmighty17:
Your personal commentary is based on what? Thin air? Which relevant paper house or media made news of his speech? Or he only made his speech to you? Provide the relevant links or embrace the tag of a charlatan that you are.

Dogalmighty17:
I want you to quote verbatim with relevant links, exactly where Dangote made the statements you just credited him for.

Dogalmighty17:
Hmmmm.
Ignore whatever crap the OP posted. He is a paid government mole. If you doubt me, check his post history.

It is pathetic that this government has to resort to a random speech Dangote made to lay claim that this economy is getting better. They are using a 5 naira gain as proof of their policies working.

My question to the evil supporters of this government is this, how much did you meet the naira when you came in?

9japride:
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The easiest way to end insecurity or kidnapping is when a leader is willing to do the right thing.
The killings happening here can't continue for more than 48 hours in developed countries.
Using Israel for example, it's impossible for barbarians to keep attacking a community within Israel without the security forces wiping them out.
Everything stops at the door step of a country's leadership.
All the security needs is just an order from above. We should stop all those too much talks.

Goodlady:
If you're in his shoes, loose guard.

bolaayenimo:
Coup scare but how come he retained the Yorubas among them?
He promoted Oluyede as CDS and didn't sack Kayode Egbetokun

FarahAideed:
For those that want to know the truth

ARGENTINA GDP : 633 billion dollars

Nigeria GDP : 187 billion dollars

Argentina GDP/K : 13,000 dollars

Nigeria GDP/k : 806 dollars


All the data suggest Argentinas economy is light years better off

Racoon:
It may be true and it may also be a phantom attempt to misconstrue facts.

Enddy50ty:
In a country where drug barons, convicted corrupt politicians, murderers, kidnappers and bandits were recently granted presidential pardon.

ElSudani:
This is a better take than the usual "audio reduction". We are getting somewhere. It will get to a point where the progress being made can no longer be denied.