₦airaland Forum

muyico:
40k increments! if any1 wanna earns higher? studies higher! dollars isnt our local currency! headache for foreign investors

HarunaWest:
Wetin concern Nigeria and dollars? Many Nigerians havent still realized that in the scheme of things, we are a very poor country. Our revenue cant adequately sustain our population vis-a-vis economy and our resources remain fully untapped.
Until the day we actively get involved in the running of affairs in our country, nothing will change. We love foreign made good and import everything at will. All the youths of nowadays want to japa. Who is supoosed to change the country if all of us travel out? If there is no price, there is no pay.

Kukutenla:
Are things getting better or worse with minimum wage?

Goodvibes007:
This is a weak equivalency or comparison. Also in the US, your dollar will go further in 2013 vs 2024, meaning you can buy more stuff with the same money back then than now. Minimum wage has hardly gone up.

HarunaWest:
Wetin concern Nigeria and dollars? Many Nigerians havent still realized that in the scheme of things, we are a very poor country. Our revenue cant adequately sustain our population vis-a-vis economy and our resources remain fully untapped.
Until the day we actively get involved in the running of affairs in our country, nothing will change. We love foreign made good and import everything at will. All the youths of nowadays want to japa. Who is supoosed to change the country if all of us travel out? If there is no price, there is no pay.

Kukutenla:
Are things getting better or worse with minimum wage?

Goodvibes007:
This is a weak equivalency or comparison. Also in the US, your dollar will go further in 2013 vs 2024, meaning you can buy more stuff with the same money back then than now. Minimum wage has hardly gone up.

Zxcvbnmghtr:
Can you go back to as far as Shagari era to compare and contrast?! If not why not?

Kukutenla:
Do you think the president of a very poor country should have a private jet not to mention 10 and counting? 🤔

HarunaWest:
Thats why I said if we were actively involved such nonsense wouldnt happen. If youths were actively involved, such nonsense wouldnt happen. Nigerians have been docile for too long. And it seems the only language our politicians understand is vawulence.

Kukutenla:
What difference does that make? Minimum wage was about $200 in 1979. If you compare with 2012 of $109, and then compare from $109 to $43 2024, which is worse?

Zxcvbnmghtr:
Where did you get the bolded from?! And why hasn't it been sustainable, even surpassed?! Is that not the bases of your judgement?

A judgement which the dollar which you choose
a your yardstick is not the Nigerian currency nor has it been static in conversion.

Have you ever complained about the price of a litre of fuel in Naira when converted to dollars and compared to the price of fuel per liter where dollar is their currency?

LegendHero:
The person doing the comparison don’t have sense.

Naira to dollar value is artificial, it does not reflect real comparison.

If Tinubu proceed to defend naira massively as the others did today, dollar will fall to 700 or below.

So that means the 70k minimum wage will be $100 by then.

—How much do people sell 1 plot of land in 1999?
—How much do people sell 1 plot of land in 2023?

Kukutenla:
If you have a different figure share instead of asking meaningless questions.
When it's time to compare price of fuel with other countries, your kind don't remember that dollar is not the Nigerian currency. FYI, dollar is the world's frontline currency for trade as of today. So stick your hypocrisy where it does not smell

Kukutenla:
What is stopping Tinubu from defending naira massively?
The same mouth you use to claim that allocation has increased massively and shout JAGABAN like a street urchin is same mouth you're using to make this tardy excuse?
Since naira to dollar value is artificial, kindly share the real value then!!

Zxcvbnmghtr:
I'm glad you are able to be reasonable with the bolded. Exactly my point lol.

So with the Nigerian currency, has it been an upward trend or a downward trend since Shagari era?!

LegendHero:
Will you give him the money to defend it? Probably you get some billion dollar lying in your farmhouse . I’m sure Tinubu will be happy with you if you can just give him $10bn.

Kukutenla:
Downward trend. What's your point again? That others have the right to fail when others fail and they should even outdo those before them in failure? Is that how you reason your life? It gets worse and you feel better?

Kukutenla:
Did he consult me before devaluing it to an "artificial value" of 1500?
Even if I do, why should I be the one to pay for his choice? Is that how you go about looking for others to bear the burden of your actions?

LegendHero:
That’s why I said you should give him $10bn.

If you are not part of the government and not giving him money to service the over 90% of revenue being used for loans which he met, then what is your business in how he chose to manage his government?

Give CBN $10bn free money today and watch the naira value rise against the dollar.

When foreign reserve go low, it’s same you unfortunate people that will be crying “Tinubu is depleting foreign reserve” and bla bla bla. Yet you are here crying about dollar value nonsense like Tinubu will go to his mom in heaven to borrow money for you unproductive population to bring dollar to $1 =1.00 USD N1.

He has said he is paying 70k, Abia state can’t even pay 20k wage. Rather face the useless Abia governor for not being able to pay the 250k labor initially asked for before facing Tinubu that is paying 70k.

Obi the useless guy you are propping can’t even pay all his civil servant when he was governor of that tiny Anambra, let alone he performing magic bringing dollar to 250 naira because the clueless guy said just anything during his campaign to please some mob.

Zxcvbnmghtr:
#30,000 (Naira) to #70,000 (Naira) is a downward trend?!

Kukutenla:
In real value, yes. Or you don't know what inflation means? You can't really be that clueless

Kukutenla:
When it's time to compare price of fuel with other countries, your kind don't remember that dollar is not the Nigerian currency.

Zxcvbnmghtr:
You have already been reasonable with your comment as thus:



Hence, if we stick to the Naira and not our bias analysis using the dollar, value will be very appreciated in our own currency.

Kukutenla:
Fine, we stick to the naira value. N70k cannot buy a bag of rice in 2024. N18k could buy at least 2 bags in 2012. What say you now?

Zxcvbnmghtr:
What I have to say is, cut your coat according to your size. Mind you, N70k can buy a bag of rice, truth be told.

Kukutenla:
A bag of rice is 77k least. Fact check me.

Kukutenla:
So you think Nigerian youths should revolt and put the present crop of politicians to the sword?