₦airaland Forum

Market prices for food and goods should be regulated by the federal government to counter the rise of food and regular items due to an increase in minimum wages. The only thing I fear is that once the minimum wage is high, everything goes high. Everyone want to gain. This is not the first time this has happened. I do not what this economic phenomenon is called.
How can food insecurity be addressed in certain parts? If Bandits remains unchecked, kudos to the brave men of Nigeria Army who are trying. Food needs to be imported to upset a growing population. Yet a nation needs to produce food at a large scale

Inflation.

Some of you guys indeed missed economics class in secondary school

Okay

Imagine gatemen and local govt cleaners collecting 100k monthly, population would tripple.

Hehehe.

No be only 100k na 1m .

They should invest in agriculture,transportation, security and power first before doing anything. Once these things are working we will start seeing changes.

JILF:
Market prices for food and goods should be regulated by the federal government to counter the rise of food and regular items due to an increase in minimum wages. The only thing I fear is that once the minimum wage is high, everything goes high. Everyone want to gain. This is not the first time this has happened. I do not what this economic phenomenon is called.
How can food insecurity be addressed in certain parts? If Bandits remains unchecked, kudos to the brave men of Nigeria Army who are trying. Food needs to be imported to upset a growing population. Yet a nation needs to produce food at a large scale

Even the FG can't afford to make 100k the minimum wage for federal workers not to talk of states like Taraba, Zamafara, Benue, Ebonyi, Cross River, Ekiti etc

Skankamola:
Imagine gatemen and local govt cleaners collecting 100k monthly, population would tripple.

like you won't or have your own family.

orikoku:
like you won't or have your own family.

Okay, it would be better if min wage is 500k, so we can all sit at home and party everyday.

Price of garri will now be like N200/cup.

Foolish suggestion. Everyone should produce something critical to create excess supply of needs and drive prices down below foreign cost of those goods then start exporting to earn forex.

Skankamola:
Okay, it would be better if min wage is 500k, so we can all sit at home and party everyday.

No one is saying the min wage should ridiculously high, but be reasonable. N30K to N50k a month is too small when food and goods price are too high. N100K is not bad, no wonder Nigerians are get poor.

CodeTemplar:
Price of garri will now be like N200/cup.

Foolish suggestion. Everyone should produce something critical to create excess supply of needs and drive prices down below foreign cost of those goods then start exporting to earn forex.

That if the agriculture sector is taken seriously by all Nigerians. Nigeria had become import depended. The average youth do not want to farm when we have fertile soil.
More corporate agriculture is the way to go if they can pay descent salary to their workers.

Skankamola:
Imagine gatemen and local govt cleaners collecting 100k monthly, population would tripple.

Family planning and education should be introduced. The Chinese did it , Nigeria can also do so.

helinues:
Some of you guys indeed missed economics class in secondary school

Okay what will you suggest the min wage to be?

JILF:
Family planning and education should be introduced. The Chinese did it , Nigeria can also do so.

Yea introduced by habokirs. Just de play

JILF:
No one is saying the min wage should ridiculously high, but be reasonable. N30K to N50k a month is too small when food and goods price are too high. N100K is not bad, no wonder Nigerians are get poor.

Jobs that pay minimum wage should be part time, for students, thats the realistic thing, not for old grand papas who have learnt nothing productive all their life.