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60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPolitics60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead (2091 Views)

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Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 6:32pm On Jun 03, 2024
Streetinvestor2:
look at it.what do this so called workers do from 9-4pm in those offices when you go thr.The are always busy doing nothing. Some don't even go to work till when is time for salaries. Go see nigerias who go to hustle before 8am and come back 6pm including Saturdays and don't still see 60k in a month. The government need to sack over half of this jokers called workers .This guys are worst than police on checking point
na only u get sense for rhis thread. If they increase this minimum wage . These hardcore hustlers go suffer am
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by DMerciful(m): 6:38pm On Jun 03, 2024
Let the person i quoted respond
Streetinvestor2:
Go contest and get elected
Na your mate dey create employment for nigeria or go learn useful skill and not waiting for free Money for doing nothing in those offices
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by mankan2k7(m): 8:47pm On Jun 03, 2024
So pos operators are not human, they should suffer ba. Ode oshi
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 8:47pm On Jun 03, 2024
DMerciful:
Let the person i quoted respond
what response fo you want. I said it clearly that if you have issues with what a senator ends, go on strike for it to be reduced
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by DMerciful(m): 8:50pm On Jun 03, 2024
It doesn't work that way. If you pay the government officials tens of millions per month, it would be outrageous to say the govt has no money
free234free:
what response fo you want. I said it clearly that if you have issues with what a senator ends, go on strike for it to be reduced
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 8:54pm On Jun 03, 2024
mankan2k7:
So pos operators are not human, they should suffer ba. Ode oshi
that's exactly my point. POS workers for example will not benefit from this .. this minimum wage saga is a selfish one
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 8:55pm On Jun 03, 2024
DMerciful:
It doesn't work that way. If you pay the government officials tens of millions per month, it would be outrageous to say the govt has no money
did I say the govt has no money? I said asking for 100k minimum wage is selfish because the non govt workers will be left to move like paupers
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by flokii: 8:56pm On Jun 03, 2024
60k minimum wage for workers is too too much in your warped logic but 30 million monthly take home for those in National Assembly is not too much.
Most of you are just hopeless.
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by iluvdonjazzy: 9:01pm On Jun 03, 2024
free234free:
Most people don't even understand what minimum wage is. 60 or 68k minimum wage means that even a cleaner or a POS operator should get 68k a month. Majoring of these business don't even make that in a month.
What the labor should fight for is reduced tariffs and prices and reduced custom duties.
That short man has a short brain.
Attack the message not the messenger
you be big mumu
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 9:05pm On Jun 03, 2024
iluvdonjazzy:
my papa na big mumu
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by iluvdonjazzy: 9:08pm On Jun 03, 2024
[quote author=free234free post=130293629][/quote]yes of course
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by gistray: 9:08pm On Jun 03, 2024
free234free:
na only u get sense for rhis thread. If they increase this minimum wage . These hardcore hustlers go suffer am
I can literally use your type for ritual and my conscience will be at ease
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by DMerciful(m): 9:33pm On Jun 03, 2024
Its a whole supply chain. They'd increase their prices for services too.

Tinubu should have thought about this before removing subsidy drastically and doing nothing for one yr to mitigate the effects.

Tinubu’s incompetence brought us here
free234free:
did I say the govt has no money? I said asking for 100k minimum wage is selfish because the non govt workers will be left to move like paupers
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 9:39pm On Jun 03, 2024
gistray:
I can literally use your type for ritual and my conscience will be at ease
I can literally use your

type for MANURE and my conscience will be at ease
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by Streetinvestor2: 10:20pm On Jun 03, 2024
This bunch of stupid 1.2 million people think nigeria is all about them.We will give them this week only to do this nonsense. They cannot hold the country to ransom by picketing banks and other places.By next week they will be getting it back with beating and violence if they try to stop other truely working Nigerians that dont benefits anything from thr minimum wage.
Then they will tell us how labour union has contributed anything to othe hard working Nigerians because they are getting free money. It will definitely start at bank when they try to stop people. The beating the chairman got in imo will be small.They think everything is politics. I am obedient but will never support selfish reasoning .My transactions in the bank should not be stopped by lazy group of people who make money via corruption in thr offices
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by Streetinvestor2: 10:26pm On Jun 03, 2024
flokii:
60k minimum wage for workers is too too much in your warped logic but 30 million monthly take home for those in National Assembly is not too much.
Most of you are just hopeless.
Is anyone forcing you stay put in the work.why not resign and go try something else. It is not an option because of laziness and free money every month.
Your mates are creating employment in the society .what work are you guys really doing from 9-4pm in those offices.
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 12:15am On Jun 04, 2024
Streetinvestor2:
This bunch of stupid 1.2 million people think nigeria is all about them.We will give them this week only to do this nonsense. They cannot hold the country to ransom by picketing banks and other places.By next week they will be getting it back with beating and violence if they try to stop other truely working Nigerians that dont benefits anything from thr minimum wage.
Then they will tell us how labour union has contributed anything to othe hard working Nigerians because they are getting free money. It will definitely start at bank when they try to stop people. The beating the chairman got in imo will be small.They think everything is politics. I am obedient but will never support selfish reasoning .My transactions in the bank should not be stopped by lazy group of people who make money via corruption in thr offices
exactly bro. The whole thing is selfish. If they where striking for reduction of senators salaries or reduction in fuel price or reduction in electricity tarriff, I will have supported rhem
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by Wisfem: 5:02pm On Jun 04, 2024
free234free:
u be propwr idiot. If 37m is much then strike for them to reduce it . Olodo
You can not even spell?? Shame
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by free234free(op): 11:33pm On Jun 04, 2024
Wisfem:
You can not even spell?? Shame
good thing your olodo. Skull still got the message
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by grandstar(m): 7:47pm On Jun 17, 2024
4Play:
People don't understand that part of why Nigeria is in this mess are the relentless rises in minimum wages which government can't sustain.

To pay for them, they rely on CBN printing money to lend to the government which results in further naira depreciation and an increase in inflation.

Over the long run, Nigerians end up worse off.
I'll be honest with you, I have nothing against the wage increase. My angst is that Tinubu did not go further with his reforms

There should have been a total deregulation of both the price of petrol and electricity.

Any increment in the minimum wage can now be based on that. Any wage increase will further increase the huge burden of a fiscally ruinous fuel subsidy.
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by san4P(m): 10:43pm On Jun 17, 2024
The fact of the matter is... can the proposed salary increment by paid be the present Nigerian government... Yes it can... But this path is not a positive indicator of progressive growth in economy...
If all levies and taxes... all goes to the national treasury... and not siphoned by touts nor government officials... then we can have a robust economy...
Also as the topic emphasized... some of the loopholes for excessive spendings by the Nigerian government include:
a. Two arms of legislators
b. Unnecessary creation of new states... whereas some existing states can't fund or complete a good road construction within a month...
Truly Nigeria needs a positive restructuring...
Re: 60 Minimum Wage Is Too Too Much. Strike to reduce senators salary instead by 4Play(m): 7:29am On Jul 03, 2024
grandstar:
I'll be honest with you, I have nothing against the wage increase. My angst is that Tinubu did not go further with his reforms

There should have been a total deregulation of both the price of petrol and electricity.

Any increment in the minimum wage can now be based on that. Any wage increase will further increase the huge burden of a fiscally ruinous fuel subsidy.
Total deregulation of petrol is fine in the long run but doing that now will fuel inflation in the short run and can introduce an unstable inflation dynamic that will negate any positives. If you combine that with increasing minimum wage - which is a direct transmission of cash to people's pockets - you have all the ingredients to further fuel inflation.

They need to focus on stabilising government spending (outside of fuel subsidy). I think Tinubu's first budget called for N28 trn, a rise of N7 trn from Buhari's last budget. This budget, if I understand it, doesn't include the fuel subsidy budget. Any major increase in naira spending is likely to add to inflation.

With fuel subsidy, one way of smoothing the transition to zero subsidy and offseting the inflationary effects could be to introduce a cap on spending which can be lowered each subsequent year. Say N2 trillion in year 1, N1 trillion in year 2, and zero in year 3. The main shortfall I see in this, though, is the possibility of fuel scarcity at the end of each year if people know they can sell at higher prices the next year. But the aggregate effect is likely to make the transition to total deregulation less inflationary.

They need, and this is unavoidable, to get a large forex loan. Best source would be the IMF. This will alleviate the CBN's forex scarcity problem. $10bn will be the minimum needed, possibly more. This should have been one of the first things to do, if not the first.

On inflation, I think they have done well with increasing CBN's interest rates. It's difficult to guage what the inflation rate actually is as the official estimates might be underestimating it but you should not have interest rates below the rate of inflation. That is just a recipe for more inflation.

If they could also sell all those government assets as a recent Punch editorial called for, that will be a good debt-free source of forex. These would include sea and air ports, their NNPC assets (including refineries), TCN and PHCN etc. Whether they can pull these off without selling them at firesale prices to cronies/themselves is a major question though.

Ultimately, I don't think this government has the integrity and nous to address the key economic challenges facing the country unless they are forced to. With subsidy and naira exchange rate partial deregulation, I think they had no choice so had to do something. Where they don't feel compelled, they will carry on business as usual, concentrating on acquiring resources to stay in power.
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