₦airaland Forum

Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

Juvechelsea96:
Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

My take is that you're one of the problems of Nigeria

You're pitying your oppressors? I don't know 2by2 no dey nairaland

As for me whatever Anambra is paying as minimum wage is what the Federal Government should offer labour.

If those in Labour union in Anambra did not die or go on strike with whatever Anambra is paying the labour at the federal will also not die n should not go in strike too

All of use in Nigeria must enjoy the legacy if Peter Obi now not untill he become president since that is whom obidient claim all Nigerians voted for.


.

Samakus:
My take is that you're one of the problems of Nigeria

You're pitying your oppressors? I don't know 2by2 no dey nairaland

Samakus:
My take is that you're one of the problems of Nigeria

You're pitying your oppressors? I don't know 2by2 no dey nairaland

Ok. Your opinion has been noted but you didn't comment on the ₦48,000 initially proferred and raised to ₦60,000. You also did not comment on most states in Nigeria(greater than 20states) that were not able to meet up with the previous minimum wage so wherein lies the reality of the States to meet up with above ₦200,000 minimum wage(lowest possible pay)?
Lastly, the problem is not me as I am not in governance so why not channel any grievance appropriately? I await other respondents.

There is no gain saying that the Nigerian economy is in a mess at the moment. Whether you support the APC or not, the glaring truth is that the present trajectory of the economy is worrisome.

The main issue on the front burner at the moment is the minimum wage.

While labour has proposed 615k which is not realistic, the government has offered 48k which is ridiculous.

Though labour's position can be reasoned with, the truth is that the economy at this time cannot sustain such wage structure across board (government and private levels). The 48k is however too little to make a significant impact on the present level of hardship.

For any minimum wage to be impactful, it must be accompanied with either stability of current prices or more preferably, an immediate reduction in prices (let's leave all the inflation jargons for now).

Given this conundrum, I am of the opinion that Nigeria finds an innovative minimum wage structure to lean on for now. It does not have to copy any other country's pattern, but something unique to our present situation.

It would be a 4 pronged approach.

1. Devolution of the wage structure;
2. Reduction in government expenses;
3. Fixing of customs duties and
4. Addressing corruption through taxation.

1. Devolution of the Wage Structure

There needs to be a partial devolution of minimum wage that would depend on productivity, business structure & revenue. At least for now given our dire situation.

For instance, nano & micro businesses with annual turnover of less than N10m can have a minimum wage of 60k.

Small businesses with annual turnover of over N10m but less than N250m can have a minimum wage of N100k

Medium businesses with turnover of over N250m but less than N1bn can have a minimum wage of N130k.

Big businesses with turnover of over N1bn but less than N10bn can do N160k

Very big businesses can do N180k.

Governments should take a middle stance and do N126k.

Doing this should ease pressure a bit.

2. Reduction in Government Expenses

Cut cost of governance at all levels. To start, all elected officials and political appointees should be placed on the government minimum wage immediately. They should also make sacrifices.

Also, stop all purchase of foreign vehicles by government officials even if such vehicles have already been imported. Buy only locally assembled vehicles. Exceptions would of course be given to specialised vehicles (tractors, trailers, excavators etc) that can't be assembled in Nigeria.

3. Fix Customs Duties

Peg the customs exchange rate at N500 to a dollar. A key reason why goods increase is due to high duties & instability. Government needs to sacrifice a bit by pegging customs duties at N500 for at least 1 year. By this, businesses can plan in the medium to long term.

Of course, the government has to ensure a drastic reduction in prices of goods and services by implementing policies to push down inflation within 6-10 months. So it would have to look at other areas too where levies can be reduced.

4. Address Corruption through Taxation

Rather than tax Nigerians to death, tie everyone's income to assets to taxes. Your assets must reflect your income and your income must reflect in your taxes. That's the only way to reduce corruption and also increase government revenue.

Today, we see people buying multiple cars worth hundreds of millions of naira. Buying houses worth billions every other month. Living extremely lavish lives... yet, their source of income is shrouded in secrecy and taxes are not reflective of thier assets and incomes.

It is ridiculous that a person has assets worth over N1bn but has an annual income of N8m and tax payment of less than N800k... these are the areas government loses money. For those who use fronts and companies, its even easier, check the revenue of the company and than its taxes.

Conclusion

Of course, there are other areas government needs to work on such as security, repairing infrastructure, reducing the overbloated workforce at government level and others, but within the present context of the minimum wage issues, the 4 measures might help.

ivandragon:
Also, stop all purchase of foreign vehicles by government officials even if such vehicles have already been imported. Buy only locally assembled vehicles. Exceptions would of course be given to specialised vehicles (tractors, trailers, excavators etc) that can't be assembled in Nigeria.

3. Fix Customs Duties

Peg the customs exchange rate at N500 to a dollar. A key reason why goods increase is due to high duties & instability. Government needs to sacrifice a bit by pegging customs duties at N500 for at least 1 year. By this, businesses can plan in the medium to long term.

Of course, the government has to ensure a drastic reduction in prices of goods and services by implementing policies to push down inflation within 6-10 months. So it would have to look at other areas too where levies can be reduced.

4. Address Corruption through Taxation

Rather than tax Nigerians to death, tie everyone's income to assets to taxes. Your assets must reflect your income and your income must reflect in your taxes. That's the only way to reduce corruption and also increase government revenue.

Today, we see people buying multiple cars worth hundreds of millions of naira. Buying houses worth billions every other month. Living extremely lavish lives... yet, their source of income is shrouded in secrecy and taxes are not reflective of thier assets and incomes.

It is ridiculous that a person has assets worth over N1bn but has an annual income of N8m and tax payment of less than N800k... these are the areas government loses money. For those who use fronts and companies, its even easier, check the revenue of the company and than its taxes.

Conclusion

Of course, there are other areas government needs to work on such as security, repairing infrastructure, reducing the overbloated workforce at government level and others, but within the present context of the minimum wage issues, the 4 measures might help.

These are positive-minded vibes.

N70-N80k should be okay for now

SuperEagles:
As for me whatever Anambra is paying as minimum wage is what the Federal Government should offer labour.

If those in Labour union in Anambra did not die or go on strike with whatever Anambra is paying the labour at the federal will also not die n should not go in strike too

All of use in Nigeria must enjoy the legacy if Peter Obi now not untill he become president since that is whom obidient claim all Nigerians voted for.


.

My take is that wisdom is far from you

You wey wisdom chew gum like glue I hail o. I hear say your first or last name is Wisdom, please which is it ?

Dafresh:
My take is that wisdom is far from you

Juvechelsea96:
Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

Okay , help us break 81k down for a family of 4kids

helinues:
N70-N80k should be okay for now

Where do you work at?

Mikespecialone:
Okay , help us break 81k down for a family of 4kids

I will later on. First don't forget what a minimum wage is defined as. Secondly don't forget that in reproducing you anticipate training them on your current earning or projected earning. Lastly do me well to breakdown the previous ₦30K before fuel hike for a family of 3 then we can have a healthy conversation.

Juvechelsea96:
Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

Break down the 81k let's see

mrvitalis:
Break down the 81k let's see

First remember I am not in governance. I am only laying a postulate in view of the back and forth and government's refusal to go beyond ₦54,000 for now.

Kindly note that this is only a template for the least possible minimum wage so after viewing you channel your grievance if any to the government and not ME.


*MY BREAKDOWN OF THE ₦81,000 POSTULATED IS AS SEEN BELOW* :


*Food and Drinking Water ₦30,000(₦1,000 × 30)*

*Transportation ₦12,000*

*Housing/Accommodation ₦10,000 per month*

*Medical ₦8,000*

*Clothing ₦7,200*

*Education ₦5,600*

*Electricity/Power ₦3,200*

*Cooking Coal ₦3,200*

*Utility Water ₦1,200*

*Sanitation ₦600*

This takes into cognition that the person may have an extra means of livelihood for savings.

To make this seemingly realistic cost of fuel and cost of transportation should be slashed by 50-60%. Truth remains Government currently will not pay above ₦120,000 as minimum wage with the current state of the economy.

Juvechelsea96:
Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

That is if the Dollar exchange rate is at 700 - 750 at highest !!!

GreenxGreen:
That is if the Dollar exchange rate is at 700 - 750 at highest !!!

Quite possible if Dollar can go down to ₦₦1,100-₦1,150.

Juvechelsea96:
First remember I am not in governance. I am only laying a postulate in view of the back and forth and government's refusal to go beyond ₦54,000 for now.

Kindly note that this is only a template for the least possible minimum wage so after viewing you channel your grievance if any to the government and not ME.


*MY BREAKDOWN OF THE ₦81,000 POSTULATED IS AS SEEN BELOW* :


*Food and Drinking Water ₦30,000(₦1,000 × 30)*

*Transportation ₦12,000*

*Housing/Accommodation ₦10,000 per month*

*Medical ₦8,000*

*Clothing ₦7,200*

*Education ₦5,600*

*Electricity/Power ₦3,200*

*Cooking Coal ₦3,200*

*Utility Water ₦1,200*

*Sanitation ₦600*

This takes into cognition that the person may have an extra means of livelihood for savings.

Let's take food

Explain how u can eat with 1k in a day

Labour has already agreed a price, all this shalaye is to show working that they're not sellouts and they can mess FG up. Take them seriously at your peril

Let us think of how 2 split nigeria

81k for how many persons? A bachelor?

Juvechelsea96:
Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

SuperEagles:
As for me whatever Anambra is paying as minimum wage is what the Federal Government should offer labour.

If those in Labour union in Anambra did not die or go on strike with whatever Anambra is paying the labour at the federal will also not die n should not go in strike too

All of use in Nigeria must enjoy the legacy if Peter Obi now not untill he become president since that is whom obidient claim all Nigerians voted for.


.

Noted. You can resume at your mat

Let them manage 100k

Juvechelsea96:
Considering the spate of the Nigerian Economy not fully regarding the fat take home of our legislators but plying a path of near current reality, I suggest the Labour Congress should settle for ₦81,000 as the new minimum wage to mitigate against so much back and forth with the Federal Government.
What is your take on this?

What's minimum wage?

That's the question you need to ask yourself and answer before suggesting any figure for labour to accept.

helinues:
N70-N80k should be okay for now

What's your reason?

Juvechelsea96:
Ok. Your opinion has been noted but you didn't comment on the ₦48,000 initially proferred and raised to ₦60,000. You also did not comment on most states in Nigeria(greater than 20states) that were not able to meet up with the previous minimum wage so wherein lies the reality of the States to meet up with above ₦200,000 minimum wage(lowest possible pay)?
Lastly, the problem is not me as I am not in governance so why not channel any grievance appropriately? I await other respondents.

Stop the lies please..

Only 5 States are not paying the old minimum wage.

N70-N80k should be okay for now

AcadaWriter:
N70-N80k should be okay for now

Give reasons

triplechoice:
Stop the lies please..

Only 5 States are not paying the old minimum wage.

You say stop the lies as if I am the issue of discussion on one hand and on the other hand as if you have substantial evidence against mine that only 5states are not paying where many owed more than 6months salary.
Be constructive in your reasoning and posts.

The topic is: what do you think about an ₦81,000 minimum wage in view of Federal Government offer of ₦60,000?

triplechoice:
What's minimum wage?

That's the question you need to ask yourself and answer before suggesting any figure for labour to accept.

It is obvious you don't know the definition of minimum wage and you don't have ideas to share so this thread is not ideal for you.
Share your ideas if you have any. I have shared mine. Have a healthy conversation if you can try.

We suppose wipe op orimo cord for neck.

Kingray10:
We suppose wipe op orimo cord for neck.

Is that the unhealthy idea you have to offer?
If I should ask you what your states IGR is over the past 4years and what your state gets from the FG every year broken down to the estimated number of Civil servants and the payments to the order levels/grades in Civil service vis-a-vis what your state of origin or state of habitation contributes to the centre: can you clearly enumerate these? Or for you it is about money getting increased anyhow? Convince me you can make healthy contributions.