Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting - Politics (11) - Nairaland
Nairaland Forum › Nairaland General › Politics › Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting (52254 Views)
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| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by onadana: 12:57pm On Jun 08, 2024 |
AmiableMosquito:You have to plan and work towards it. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by monex(m): 12:59pm On Jun 08, 2024 |
pianogirl:that is not a concrete demand for a strike action. You might want to concretise that demand. imagine going on strike until government tackles inflation rate. What is the target for you to call off your strike? |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by StarRiderr: 1:57pm On Jun 08, 2024 |
This administration is so clueless what is causing inflation removal of fuel subsides and electricity hike herders and farmers clash why can't the Government reintroduce the fuel subsides back just for the main time since they know that increasing the minimum wage will be too hard for them to curtail... this country Nigeria is heading backward as the days go by what is really wrong with this bastards that are in charge of the helm of affairs of this Nation |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by PARADIZEPRIEST: 2:13pm On Jun 08, 2024 |
GOVT IS FIGHTING INFLATION WITH THIS 62K,BECOS AT 100 NIGERIAN TRADERS WILL CAUSE HYPER INFLATION ![]() THE 62K IS OK IF AND ONLY IF : GOVT PROVIDE WORKERS DISCOUNTED MASS TRANSIT DAILY, PROVIDE DISCOUNT FOOD MARKET AND PROVIDE ACCOMODATION FOR ALL WORKERS GOVT AND NON GOVT NATIONWIDE,WE HAVE THE RESOURSES FROM MONEY REMOVED FROM SUBSIDY TO DO THEM 24/7. ![]() |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by jude79(m): 2:30pm On Jun 08, 2024 |
Minimum wage under jonathan, #18000 Bag of rice under jonathan, #7000 Minimum wage under tinubu, #30000 Bag of rice under tinubu, #85000 Lets do the maths Since bag of rice is constant, #7000 under jonathan is equivalent to #85000 under tinubu To determine the value of jonathans minimum wage in tinubus era gives 18000/7000= 2.57143 Recall that every #7000 under jonathan is equivalent to #85000 under tinubu : . 2.57143 x 85000 = #218,571 So nairalanders If jonathan of PDP were in charge of nigeria today minimum wage will have been equivalent of #218,571 Labour should endeavour to peg their negotiation to #250000, to accomodate tinubus APC induced inflation FIXED TINUBUU vs JONATHAN challenge; If clueless jonathan can pay it, then technocrat tinubu can pay it. #62000 under tiinubu is equivalent to 62000/85000 x 70000 = #5106 APC IS WICKED.
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| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by Holaomoakin(m): 2:50pm On Jun 08, 2024 |
Same FG can change petrol price anyhow. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by zoomzoom(m): 2:51pm On Jun 08, 2024 |
[quote author=pianogirl post=130359274]Lobatan!!! NLC Strike Episode 2 loading. We all saw this coming. After all, N62,000 is higher than N60,000. Isn't it? Shebi it was National Grid they shut down before. This time around, dem go kuku disconnect all the electric poles join. Let's see how this movie would eventually play out. On a more serious note, NLC should make more pressing demands beyond minimum wage that affects the entirety of the Nigerian population, not just the civil servants and salary earners. How about insisting on government tackling the inflation rates and high cost of living, price regulation of goods and services, reducing the electricity tariffs, creating enabling policies for business owners and ensuring the welfare of every Nigerian. Aside from the ELECTRICITY tariff reduction, all your other suggestions are all vague. NLC has the reversal of the electricity tariff increase in it's demands, the provision of the promised CNG BUSES, The PH refinery that was promised to come on stream by December 2023, amongst other things. The min WAGE increase is even statutory, but must make SENSE to the current reality of the economy. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by Scarcity234: 3:36pm On Jun 08, 2024 |
rottennaija:It is not going to happen |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by WealthyChidi(m): 4:01pm On Jun 08, 2024 |
Someday, this country will be brought to its knees. That day, the ordinary military men, the police men on the street etc will side with the citizens and chased these politicians out of the country. We can no longer tolerate this people. That day may never come. Never!!! |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by Freebills12: 4:43pm On Jun 08, 2024 |
[color=#000099][/color] Abujaexpress:Edo is already paying 70k. Labour will never receive anything below 70k. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by Freebills12: 4:52pm On Jun 08, 2024 |
[color=#000099][/color] PARADIZEPRIEST:Stop this trash! Tinibu promised all these things last year, where are the palliatives, cnj bus, govt buildings, conditional cash transfer? The only thing government does for you is fuel subsidy. They have removed it. Senators are earning #29 million every month, #1.2 million is hardship allowance every month, dressing allowance #1.2 million, housing allowance #5 million, furniture #5million, car maintenance #1.2 million. These money earned by these senators and their brothers in house of reps won't cause inflation? Respect yourself |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by PropertyBanker(f): 7:18am On Jun 09, 2024 |
Is this realistic at all? :oLet's think deeply about it. Tye scripture says, come and let us reason together. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by pianogirl(f): 1:24pm On Jun 09, 2024 |
monex:They don't necessarily have to go on strike until government tackles inflation rate. NLC can make their demands and give government a specific period of time to implement. If government is not able to meet up with the deadline, then NLC has the right to go on strike. We have chickened out on our leaders for so long, hence the reason the country is what it presently is. The earlier we realize that we as a people have the power to change Nigeria, the better for us. We tend to forget that democracy is government of the people, for the people and by the people. Check out the histories of countries who have experienced a revolution in one way or the other. The citizens of those countries stood up for their rights. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by PARADIZEPRIEST: 1:32pm On Jun 10, 2024 |
Freebills12:we are not taliking about your socalled senetors and reps are not more than 2000 nationwide collecting trillions in secrecy, we talking abt population of millions of workers in Nigeria both public and private sector that will cause huge sensation with new salary, the frenzy and hype of excitement that will make traders hike commodity prices arbitrary. Nigerians should demand full mass transit ,housing and food affordabilityy which is crust of the matter. ![]() |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by RepoMan007: 7:58pm On Jun 12, 2024 |
grandstar:You can talk about tax collection being poor which is true. The 'but' of the last statement is that we all know what govt does with funds mostly which is stealing it and that will not help the govt increase tax. People are less willing to because what free oil money couldn't do in the hands of leaders shouldnt be expected to happen when tax from people's sweat in involved. Corruption is a stumbling block to compliance on the peoples part. Nobody will want his sweat to be used to go and stone devil in Saudi Arabia for example. The reform has to be from the top where the power to correct systemic rot is vested and not the base of the societal pyramid. I will stop there for now. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by grandstar(m): 11:46pm On Jun 12, 2024 |
RepoMan007:You'd be shocked to discover that government spending, especially on recurrent expenditure, subsidies and debt servicing actually cause far more damage than corruption. When Oshiomole became governor, he was shocked to discover that the oil subsidy actually cost a lot of money to fund. He was also surprised that after payment of salaries, there was hardly any money left. He was irked that the little money left, governors were still dipping their hands into it. Everyone is shouting that the greedy senators have a budget of N344bn. so workers need a serious raise as well. Just raising the minimum wage by 10,000 adds 950bn to the wage bill. One can see the problem first hand. If the 62,000 minimum wage is accepted, total wage bill of the federal government will hit 5.85 trillion. Add another 5.5tr for the fuel subsidy and that's 10.3 trillion. Debt servicing hasn't been included which will be over 10 trillion. A lot of the debt accumulated was due to fuel subsidies, the government wage bill, and during Buhari's utterly useless 8 years in office, a senseless exchange rate policy that starved all levels of government of funds and distorted the economy. Can fiscal discipline and corruption co-exist? The answer is yes. There was lots of corruption during OBJ's government yet it paid off almost all the foreign debt and saved $20bn in the Excess Crude Account. Lagos state which has a lot of corruption is fiscally prudent. It collects loads of taxes Abacha's government, despite the fantastical levels of corruption that bedevilled it had a lot of fiscal discipline. The exchange rate stayed at $1- N80 for 4 years. Foreign reserves rose from $500m to $8bn. The fiscal discipline between IBB and Abacha's government were like day and night. It all boils down to the determination of the president and the governors. Unless government revenues increase, the country will be in big trouble. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by RepoMan007: 2:58am On Jun 13, 2024 |
grandstar:Huge recurrent wage, subsidy leakages and bogus pay are all orchestrated from that top so the buck goes there also. Saying wage increase will cost X but ignoring the corruption in civil work force is very bad. In a country where we lack motivated health workers and are battling exodus of same, it is very bad if not demonic for the leaders of major political parties to maintain idlers on payroll of Govt across LGA, states and federal level then cry about the consequence of a N10,000 or N30,000 increase. The corruption.perpetuatedand maintained by these top men by keeping such loyal and idle earners is a stumbling block to giving productive health workers a raise. Imagine that. Same goes too for education. There are many useless lecturers and faculties and even institutions hustling for scarce resources with truly productive minds. They barely know what education entails and how it fits into the overall picture of the society for an eternal man. Is it right that states can decide to incur expenses and then cry to FG for minimum wage or allocation to cover their expenses. Imagine two states A and B. A recruits far too many unproductive hands into its workforce, maintains so many educational institutions and public workers generally, prioritizes religious politics by sponsoring hajj heavily with next to no IGR nor GDP growth. Then another state B that actually does all that but based on her ability to generate healthy IGR and grow her GDP so doesnt have to burden the centre. State B is willing to be independently productive but sees that anything A does, the FG funds. Over time B is more likely to relax its independence on FG and start hustling for a bigger portion of the cake the FG is giving to states like A. Our structure alone kills incentive for productive state units. The system is wired from the top. |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by grandstar(m): 10:36am On Jun 13, 2024 |
RepoMan007:Many state governors would love to cut down the bloated government payroll but it's considered untouchable. Touch them and kiss re-election goodbye. Bisi Akande's sack of Osun's state teachers till this day paints him a wolf amongst sheep Tinubu will go on a mass sack of workers in his second term. He no send. His hands are presently tied until he gets re-elected |
| Re: Minimum Wage: FG Offers ₦62,000 After Hours Of Meeting by RepoMan007: 12:11pm On Jun 13, 2024 |
grandstar:Sacking redundant and idle hand is a good point but what about zero motivation to be productive? Maybe allocation should be scrapped in place of incentive based intervention to states. Your intervention as a state is tied to what you produce. Give them money to fund industries instead of pretending to be building useless roads and infrastructures and let them repay that money with verifiable goods and services that the FG or regions can consolidate and export on their behalf. According to how productive each region and state is, intervene in their local governance with extra projects and not funds that can be looted. Any arrangement that allows unconditional allocation to states is designed to tunnel the resources of one region into another fraudulently and is therefore bad. From what I have seen the states will keep employing in order to grab or lay claim to bigger share of the cake. Can Tinubu sack state workers also? |
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