₦airaland Forum

fullclub:
This argument is beyond your mental capacity.

Lastly if government refuse to address the root causes of which involves wastage of public funds then in 10 years from now you will ask for 1million minimum wage.

Nairaland is a faceless forum where a clown like you can tell me an argument is beyond my mental capacity... Some of your teachers might be my participants in my class and a swine like you wants to lecture me on theories.

Who brought about the root causes of the hardship? Is it not same causal agents that are frolicking with same scarce resources of the country? The government wants reduce the purchasing power of Nigerians and Labour too wants to reduce the wasteful spending power of the government with high wage bills.

Labour knows their demands are unrealistic but is it reasonable? NO, given the conditions in the country and luxurious lifestyles of our leaders. Let it rain!

surgical:
They don't read to understand but so they can regurgitate word for word and speak phonetics
This deprive them of the saying all things are not equal, you can't use same formula for every situation,,you group them according to similarities, so the text book he read and applying in Nigeria is not written with the Nigeria context in mind,he has to use his brain to come up with appropriate solutions not copy and paste as he is doing
The same mistake Tinubu made floating naira in an import dependent country, with close to nothing in export capacity, coupled with weak and inefficient systems, you can see the results

The Tinubu example is apt.

Morizo:
Nairaland is a faceless forum where a clown like you can tell me an argument is beyond my mental capacity... Some of your teachers might be my participants in my class and a swine like you wants to lecture me on theories.

Who brought about the root causes of the hardship? Is it not same causal agents that are frolicking with same scarce resources of the country? The government wants reduce the purchasing power of Nigerians and Labour too wants to reduce the wasteful spending power of the government with high wage bills.

Labour knows their demands are unrealistic but is it reasonable? NO, given the conditions in the country and luxurious lifestyles of our leaders. Let it rain!

You lack sufficient IQ to understand how economic engineering works. Your type should be in motor park

fullclub:
You lack sufficient IQ to understand how economic engineering works. Your type should be in motor park

Says an APC agbero typing from a motor park. In your whole body we can't find I talk more of Q. You want to bandy words like "economic engineering"? I'll put your illiterate ass in a class and school you better on economic engineering and most importantly, the REAL political economy of Nigeria.

Probably you may then have an idea of the roles the superstructure played and still playing....
that brought us to these Economic quagmires that currently plague us. That inevitably, selfish political decisions brought us to this 41% food inflation economy that is one of the highest globally.

You are such a daft to waste my time on but I'll allow you the above two seconds free class thriller.

Morizo:
Says an APC agbero typing from a motor park. In your whole body we can't find I talk more of Q. You want to bandy words like "economic engineering"? I'll put your illiterate ass in a class and school you better on economic engineering and most importantly, the REAL political economy of Nigeria.

Probably you may then have an idea of the roles the superstructure played and still playing....
that brought us to these Economic quagmires that currently plague us. That inevitably, selfish political decisions brought us to this 41% food inflation economy that is one of the highest globally.

You are such a daft to waste my time on but I'll allow you the above two seconds free class thriller.

Am actually studying MSC advanced micro and macro economics in the UK. alongside research.

Like I said u lack adequate knowledge to argue anything that has to do with economics.

For your information I am not an APC supporter or anything.

Buhari was a mistake who messed the economy, who printed a lot of naira and borrowed heavily.. This lead us where we are today.

Nothing good should be expected from tinubu likewise.


But in all this, it's common sense that increasing money supply will only lead to inflation and nothing more and I listed so many theory that proves me right.

If you like increase workers salaries to 1million without increasing productivity particularly in agricultural yield production you are wasting your time because large money supply will chase the few goods in supply.. Abi na money u go take cook soup?

If you want to get it sort out in the long run then ensure that
1) farmers are safe n goes to farm unhurt.
2) ensure that farmers are heavily supported via various schemes
3) ensure that roads are constructed to transport this goods to final consumer.
4) stop excessive borrowing to fund unproductive venture..
If all this are achieved then there will be a balance between supply and demand in the aggregate level

fullclub:
Am actually studying MSC advanced micro and macro economics in the UK. alongside research.

Like I said u lack adequate knowledge to argue anything that has to do with economics.

For your information I am not an APC supporter or anything.

Buhari was a mistake who messed the economy, who printed a lot of naira and borrowed heavily.. This lead us where we are today.

Nothing good should be expected from tinubu likewise.


But in all this, it's common sense that increasing money supply will only lead to inflation and nothing more and I listed so many theory that proves me right.

If you like increase workers salaries to 1million without increasing productivity particularly in agricultural yield production you are wasting your time because large money supply will chase the few goods in supply.. Abi na money u go take cook soup?

If you want to get it sort out in the long run then ensure that
1) farmers are safe n goes to farm unhurt.
2) ensure that farmers are heavily supported via various schemes
3) ensure that roads are constructed to transport this goods to final consumer.
4) stop excessive borrowing to fund unproductive venture..
If all this are achieved then there will be a balance between supply and demand in the aggregate level

Mister, you are studying MSc Advanced Micro and Macroeconomics in the UK and you think it's the El Dorado to Nigeria s economic malaise? Its just basic theories and to think studying in UK gives you any edge on economic engineering in Sub Saharan Africa then it's a blind joke. Its still the same IMF methods that are not applicable to our conflicted and corrupted system that you will be imbibed with.

I studied Masters in International Affairs and Diplomacy (MIAD) in ABU Zaria and also did my first degree in Political economy. All in Nigerian federal universities. I have also done researches in various related fields and presented papers on subjects ranging from Farmers herders conflicts, Federalism, Grassroot development as it relates to our voting patterns, comparative analysis and international trade in Nigeria, Electoral and judicial reforms, the Nigerian market trends amongst others.

So there's no faculty of thought in Nigeria with regards to discussing Nigeria's socioeconomic challenges that I cannot make credible inputs. So you are very wrong on that count but who could blame you since it's a faceless forum? Maybe you can go to my X handles and Instagram pages and see the engagements we make daily with Nigerians across all spheres. I worked with Centre For Democratic Development for two years immediately after graduation before moving on to three different CSOs and finally building our own CSO base on our tenets for nation building.

I joined politics in 2003 (NCP) as an undergraduate and contested and lost a councillorship elections which gave me a springboard to delve into grassroot administration as a part-time researcher and wrote articles that have been published and in the libraries of some councils we distributed to free of charge

So Mr, I took some time to show you a bit of myself so you don't think it's the usual nairaland nuisance you are talking to and also because you were cultured enough to give me a snippet of yourself. I respect people that develop themselves intellectually in any academic field and recognise the diversity of opinions. Like one of our tenets say, 'if you don't like the rules then get t the top and change it'. That's why we encourage young people to join politics but we try to inculcate democratic Norms to them that centres on accountability and transparent service.

If you check my nairaland profile it's registered since 2009 so you know it's not a child you are conversing with but I always engage with whoever demonstrates ideal arguments cos it's all.aprt of our political and social education as a nation.

In your submission on the solutions you forgot one big issue. CORRUPTION. Those lofty ideas you suggested have been implemented but due weak institutions it was all looted away.

In my opinion, you first build strong institutions through reforms and review of existing acts since the holistic constitutional amendment seemed impossible and some areas in the country felt threatened. People are naturally scared of the unknown and wants to maintain the order of things.

Once our legislators do their jobs without interference or corrupt inclined motives then we'll get reforms gradually.

My take

Morizo:
Mister, you are studying MSc Advanced Micro and Macroeconomics in the UK and you think it's the El Dorado to Nigeria s economic malaise? Its just basic theories and to think studying in UK gives you any edge on economic engineering in Sub Saharan Africa then it's a blind joke. Its still the same IMF methods that are not applicable to our conflicted and corrupted system that you will be imbibed with.

I studied Masters in International Affairs and Diplomacy (MIAD) in ABU Zaria and also did my first degree in Political economy. All in Nigerian federal universities. I have also done researches in various related fields and presented papers on subjects ranging from Farmers herders conflicts, Federalism, Grassroot development as it relates to our voting patterns, comparative analysis and international trade in Nigeria, Electoral and judicial reforms, the Nigerian market trends amongst others.

So there's no faculty of thought in Nigeria with regards to discussing Nigeria's socioeconomic challenges that I cannot make credible inputs. So you are very wrong on that count but who could blame you since it's a faceless forum? Maybe you can go to my X handles and Instagram pages and see the engagements we make daily with Nigerians across all spheres. I worked with Centre For Democratic Development for two years immediately after graduation before moving on to three different CSOs and finally building our own CSO base on our tenets for nation building.

I joined politics in 2003 (NCP) as an undergraduate and contested and lost a councillorship elections which gave me a springboard to delve into grassroot administration as a part-time researcher and wrote articles that have been published and in the libraries of some councils we distributed to free of charge

So Mr, I took some time to show you a bit of myself so you don't think it's the usual nairaland nuisance you are talking to and also because you were cultured enough to give me a snippet of yourself. I respect people that develop themselves intellectually in any academic field and recognise the diversity of opinions. Like one of our tenets say, 'if you don't like the rules then get t the top and change it'. That's why we encourage young people to join politics but we try to inculcate democratic Norms to them that centres on accountability and transparent service.

If you check my nairaland profile it's registered since 2009 so you know it's not a child you are conversing with but I always engage with whoever demonstrates ideal arguments cos it's all.aprt of our political and social education as a nation.

In your submission on the solutions you forgot one big issue. CORRUPTION. Those lofty ideas you suggested have been implemented but due weak institutions it was all looted away.

In my opinion, you first build strong institutions through reforms and review of existing acts since the holistic constitutional amendment seemed impossible and some areas in the country felt threatened. People are naturally scared of the unknown and wants to maintain the order of things.

Once our legislators do their jobs without interference or corrupt inclined motives then we'll get reforms gradually.

My take

I don't care where you work or where u have worked. You idea that the government should increase minimum wage to labour request is laughable. If government should do it then private sector will have to abide by the rule.
Banks, bakery, big time super market will all have to pay minimum wage of 400,000 and guess what they will pass the price to final consumer which means prices will increase... Inflation

Private teachers wil have to pay 400,000k to teachers minimum and those selling in the market will raise same to meet the markup, government will only print more money to pay and it continues.. While productivity remains the same or drop down ... It bring inflation and purchasing Power of naira drops down...

Soludo former cbn governor share this same idea I am trying to pass to u.



https://www.youtube.com/watch?v=SXRyNAQcgLM?si=Hm1XEEcOggJFESdx

https://www.nairaland.com/8122798/pity-tinubu-he-approves-unsustainable

I think the UK recently increased it minimum wage April this year from 10.40 pounds to 11.44 pounds but here see the percentage of increment u are calling for (from 30k to 400k) what does that tell you?
And you don't just increase minimum wage to whatever percentage u like, you have to take into consideration your GDP which is ratio of wage growth to productivity in percentages... This is how modern economy works.




Lastly
I am not a kid either am almost 40 here and I have been on nairaland with different username a while

fullclub:
I don't care where you work or where u have worked. You idea that the government should increase minimum wage to labour request is laughable. If government should do it then private sector will have to abide by the rule.
Banks, bakery, big time super market will all have to pay minimum wage of 400,000 and guess what they will pass the price to final consumer which means prices will increase... Inflation

Private teachers wil have to pay 400,000k to teachers minimum and those selling in the market will raise same to meet the markup, government will only print more money to pay and it continues.. While productivity remains the same or drop down ... It bring inflation and purchasing Power of naira drops down...

Soludo former cbn governor share this same idea I am trying to pass to u.



https://www.youtube.com/watch?v=SXRyNAQcgLM?si=Hm1XEEcOggJFESdx

https://www.nairaland.com/8122798/pity-tinubu-he-approves-unsustainable

I think the UK recently increased it minimum wage April this year from 10.40 pounds to 11.44 pounds but here see the percentage of increment u are calling for (from 30k to 400k) what does that tell you?
And you don't just increase minimum wage to whatever percentage u like, you have to take into consideration your GDP which is ratio of wage growth to productivity in percentages... This is how modern economy works.




Lastly
I am not a kid either am almost 40 here and I have been on nairaland with different username a while

I don't give a hoot about your background either and it seemed you understood my initial take upside down.

1. Labour demands are unrealistic but very reasonable due to the economic problems the political class has brought upon us
2. Labour knows no one can give them 400k or even the 250k they are advocating but as a union it's their job to bargain the most for their members welfare given the inflation rate and the ostentatious lifestyle of the political class
3. I think a realistic 90-120k might be ok and Labour will gladly accept it with conditions of a review of the current electricity hike
4. Soludo is a hypocrite of the first order cos he blindly looked away from the corruption in the government and was telling us how he doesn't collect salary but we know monthly security votes monies he pockets is more than 10 years of his annual salary. He even objects local government autonomy which says a lot about him. He shares the same theories with you that brought us to this level while corruption is overlooked. He's a born hypocrite and every civil organizations is blasting him this morning if you check insider papers today. Like Sanusi his successor they only know elitist theories that creates hardship
5. The demands on foreign currencies is caused by the political class cos the humongous money they earned legally and illegally are used more abroad for children fees, buying foreign products etc.
6. If you pay labour sat 100k as minimum wage it will increase purchasing power of a percentage of Nigerians cos they buy in the local market.
7. The governors are a bigger problem that the federal cos there are no checa to what they do since they handpick their assembly members and coronate local government chairmen. They loot recklessly and put the state's in heavy internal and external debts
8. The government is looking for FDI but harsh economic policies and environment has made 14 large scale companies to relocate in the last one year the latest being Total Energy. What policies will encourage production with these high cost of inputs?

Lastly am 41 and have been giving my inputs to alternative Governance since 19. I studied the SAP document of IBB and came out with a domestic template which was acknowledged. I studied NEEDS document too which was brilliant but poorly implemented. Like I said,, you are entitled to your opinions but I know what will work cos am on ground.

Morizo:
I don't give a hoot about your background either and it seemed you understood my initial take upside down.

1. Labour demands are unrealistic but very reasonable due to the economic problems the political class has brought upon us
2. Labour knows no one can give them 400k or even the 250k they are advocating but as a union it's their job to bargain the most for their members welfare given the inflation rate and the ostentatious lifestyle of the political class
3. I think a realistic 90-120k might be ok and Labour will gladly accept it with conditions of a review of the current electricity hike
4. Soludo is a hypocrite of the first order cos he blindly looked away from the corruption in the government and was telling us how he doesn't collect salary but we know monthly security votes monies he pockets is more than 10 years of his annual salary. He even objects local government autonomy which says a lot about him. He shares the same theories with you that brought us to this level while corruption is overlooked. He's a born hypocrite and every civil organizations is blasting him this morning if you check insider papers today. Like Sanusi his successor they only know elitist theories that creates hardship
5. The demands on foreign currencies is caused by the political class cos the humongous money they earned legally and illegally are used more abroad for children fees, buying foreign products etc.
6. If you pay labour sat 100k as minimum wage it will increase purchasing power of a percentage of Nigerians cos they buy in the local market.
7. The governors are a bigger problem that the federal cos there are no checa to what they do since they handpick their assembly members and coronate local government chairmen. They loot recklessly and put the state's in heavy internal and external debts
8. The government is looking for FDI but harsh economic policies and environment has made 14 large scale companies to relocate in the last one year the latest being Total Energy. What policies will encourage production with these high cost of inputs?

Lastly am 41 and have been giving my inputs to alternative Governance since 19. I studied the SAP document of IBB and came out with a domestic template which was acknowledged. I studied NEEDS document too which was brilliant but poorly implemented. Like I said,, you are entitled to your opinions but I know what will work cos am on ground.

What was my initial response that you throw insult at me? I said 400k is unrealistic, 60/70 is okay given the level of inflation then the government should look for ways to curb the current inflation by

ensuring they partner with Dabgote to produce
more oil to meet local needs or go for full subsidy.

Ensure that famers are supported particularly in the north, ensure that security of famers are guaranteed.

Ansure that roads are done to easy transportation of goods to final consumer.


This ar what will ensure that food prices crash not increasing of wages to unrealistic level as it will call for full inflation.


Have a lovely day