US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation (14392 Views)
| US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Maxymilliano(op): 12:28pm On Aug 19, 2025 |
A US report on Nigeria has said that the recent new minimum wage of N70,000 ($47.9) approved by the federal government for federal workers has been eroded by the devaluation of the Naira, which has risen to over N1,500/$1.https://www.arise.tv/us-report-says-n70000-minimum-wage-undermined-by-naira-devaluation/?fbclid=IwQ0xDSwMRPc5leHRuA2FlbQIxMAABHom1iu_HBQ6DdBCF3isNtgBpfkKs2bnsfQWjDdwGyZeQeCgEvVKolPiCmoOP_aem_hYtENiUdr1oWlo4Zb99AEg
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| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by givedemwotowoto: 12:30pm On Aug 19, 2025 |
In 2027, the goal is to vote out Tinubu as President. His policies were ill timed and poorly implemented, and this resulted in extreme hardships for millions of Nigerians. Having said that, opposition needs to get together now. Nigerians can’t have this continued lack of unity and direction |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 12:55pm On Aug 19, 2025 |
givedemwotowoto:Don't mind that Tinubu, the US has spoken the truth. Tinubu will copy Trump and present a big beautiful budget. Then after, he will open an Opay account asking Nigerians to contribute to help pay back the debts 🤣🤣🤣 |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 12:59pm On Aug 19, 2025 |
How would you control inflation if there's more money in the system. As long as the economy is being stabilized, the value of naira becomes stronger. And if US are that bothered, they can help us with $20billion world bank loan like they helped Argentina. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:04pm On Aug 19, 2025 |
zero8zero:Cost push inflation is not caused by more money in circulation. Nigeria is experiencing cost push inflation. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:19pm On Aug 19, 2025*. Modified: 2:40pm On Aug 19, 2025 |
Do you need the US to tell you that solemn reality? A government whose unfeasible economic policies and policy somersaults have so much devalued the naira that the purchasing power of the common man is now useless. What can 70k comfortable buy you in Nigeria today? It can even foot the average monthly TP of a civil servant let the private unemployed Nigerian. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:21pm On Aug 19, 2025*. Modified: 2:00pm On Aug 19, 2025 |
zero8zero:So was it of sound economic reasoning when your first class certificate forging accountant graduate of CSU (Amoda Ogunlere) asked Buhari to print more money as an impulsive solution to his self inflicted catastrophic economic policies? Did you said "And if US are that bothered, they can help us with $20billion world bank loan like they helped Argentina." Though you lots said your wonder dog first class economist has out performed his Argentinian classmate in political leadership? So how come his political strategy is important to your drug lord "nah statistics we go chop" crooner? Why borrowing when there is subsidy savings? You see una warped prismatic worldview? |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Factcheck0001: 1:22pm On Aug 19, 2025 |
givedemwotowoto:vote out tinubu n vote in your agulu packaged fraud right? So we should leave tinubu a performer n vote a failure cos he's from your tribe? Or is it atiku that he himself made it clear he failed with obj that we should vote? Dey play |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:23pm On Aug 19, 2025*. Modified: 1:45pm On Aug 19, 2025 |
jmoore:Enhen, so why is CBN mopping excess liquidity as a result of printing of excess naira?. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by SocialJustice: 1:29pm On Aug 19, 2025 |
Minimum wage should be 500k. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:29pm On Aug 19, 2025 |
Racoon:You think Tinubu is like that 3rd class Philosophy fraud that does even know the meaning of climate change.
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| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:30pm On Aug 19, 2025 |
Factcheck0001:Daniel Bwala, Reno Omokri, Femi Fani-Kayode, have long informed the world of the sensational failure your drug lord is and how excellent Peter Obi is in governance and administration. Nothing can ever erase that fact. @PeterObi is better than @officialABAT both as a governor and a businessman. If Peter Obi had the revenue and FG infrastructure of Lagos, he would have truly turned Anambara more than Tinubu left Lagos........https://twitter.com/BwalaDaniel/status/1584803684063453190?t=zrQA6htLm89BpTK0UByAuA&s=19 |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:32pm On Aug 19, 2025*. Modified: 2:03pm On Aug 19, 2025 |
zero8zero:Yeah! Peter Obi may not know, but he definitely not notorious for forging his genealogy(family linage), academic certificates while attending ghost schools, even childhood pictures of Donald Duke's childhood as your drug lord shamelessly did ok.
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| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Didijiji: 1:37pm On Aug 19, 2025 |
who no know before na only the mu,mu zombies dey see am as achievement ahahahahah |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by helinues: 1:37pm On Aug 19, 2025 |
https://www.nairaland.com/8113134/n70-n80k-realistic-minimum-wage/ The N70k is the realistic amount the FG can approve as minimum wage for now |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by atobs4real(m): 1:38pm On Aug 19, 2025 |
Thank you for that analysis. ₦70,000 and turned to ₦700 |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by mystry(m): 1:38pm On Aug 19, 2025 |
The problem has always been low purchasing power, even if they increase minimum wage to 1m but the money is not able to solve basic needs then we are still where we are. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:39pm On Aug 19, 2025 |
zero8zero:Cos they are doing copy and paste economics. Ask yourself since they started mopping the so called excess naira, have transport cost reduced? Have electricity bill reduced? How will mopping of excess naira reduce cost of production when petrol went from 165 naira to 900 naira? |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Drsnives(m): 1:39pm On Aug 19, 2025 |
If no be my okada I dae take supplement my minimum wage.. where I for dea.. Thank God for wisdom sha.. 2 plots of land is already a goal.. Na to start moulding soonest |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by adamkkk: 1:40pm On Aug 19, 2025 |
they will insult the USA now because USA is not saying nice abt dem |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:41pm On Aug 19, 2025 |
Racoon:As you be the patriarch of Tinubu's family 😂😂😂😂 Better go check your BP, because this load you carry so, if you fall, I don't have strength to carry somebody. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by iwaeda: 1:42pm On Aug 19, 2025 |
When we said it that N70k minimum wage is useless, they claim the economy is improving. Even Presidency through RMFAC is trying to increase salary. Hope N30k troll money will be upgraded too. ![]() |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by SeeWahala: 1:42pm On Aug 19, 2025 |
Una never see anything. By the time tilumbu finish with you nigerians whenever Una see APC e go dey give una serious nightmares ajè 🤗 |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:42pm On Aug 19, 2025 |
zero8zero:Person wey the original Tinubu family denounced. Person from Irajigbi Osun state dey claim Lagos by force. Just say the utter uselessness and criminality of your demigod dey shame you. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by IPDGP: 1:43pm On Aug 19, 2025 |
He is right, let assume the 70k is in Ghana cedis na around 200k be that Come assume say na 70k dollars |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:43pm On Aug 19, 2025 |
helinues:Because Tinubu is driving us backwards. 30,000 naira under Buhari is more valuable than 70,000 under Tinubu. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by helinues: 1:44pm On Aug 19, 2025 |
jmoore:Oya go and wake Buhari up to continue paying the N30k then |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by JackDaAlienz(m): 1:44pm On Aug 19, 2025 |
Anything you say in this post will be used against you during your next interview at US embassy. |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by NotOgaSeun: 1:46pm On Aug 19, 2025 |
Make USA face their country... Make dem leave us alone.. Na those mumu people wey japa dey cause this embarrassment... He no go better for dem |
| Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:47pm On Aug 19, 2025 |
jmoore: ![]() Go school you said No. If you removed subsidy, what happens?. Common sense should tell you prices will go up. Mopping up stabilizes the naira value. |
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