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US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsUS Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation (14409 Views)

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Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:51pm On Aug 19, 2025
Racoon:
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.
Na so na, you be the head of Tinubu family. Old man i hail o 🤣🤣🤣🤣
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:52pm On Aug 19, 2025
zero8zero:
grin grin grin
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.
You wey go school, is 70,000 naira under Tinubu more valuable than 30,000 naira under Buhari?

Cos you don't even understand the topic.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by integrity16(m): 1:55pm On Aug 19, 2025
Hypocritical country, they would advice you to devalue your currency through the IMF/World bank and at the same time use it against you now that election season is getting closer. Tinubu was wrong to have listened to them in the first place, though he probably had no choice but to do so.

Nigeria is such a special country, this particular report can lead to an uprising in other nations but here, citizens would talk about it for few days and then everybody moves on.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by chrisxxx(m): 1:56pm On Aug 19, 2025
West playing ping pong with us they were the people Buhari and Tinubu listened to turn our currency to tissue paper. Now are mocking us.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by olax02(m): 1:57pm On Aug 19, 2025
zero8zero:
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.
So that our beautiful politicians will see money to loot abi?
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by david102(m): 1:59pm On Aug 19, 2025
Because this information from the US I am putting on my conspiracy cap. Whatever they're talking against is going to benefit them so I would rather go against what they are saying
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 2:02pm On Aug 19, 2025
jmoore:
You wey go school, is 70,000 naira under Tinubu more valuable than 30,000 naira under Buhari?

Cos you don't even understand the topic.
What's the actual value of the 30,000?, because Buhari opened multiple exchange rate windows for una? 🤣🤣😂
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Factcheck0001: 2:02pm On Aug 19, 2025
Racoon:
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.


https://twitter.com/BwalaDaniel/status/1584803684063453190?t=zrQA6htLm89BpTK0UByAuA&s=19[/quote]same way all ibos collectively once told us obi is a failure but today they want us to see him as an angel
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by RillJ(m): 2:02pm On Aug 19, 2025
Gravely undermined, to say the least. N70 cannot cannot even fund one month transportation to work for most people in some cities like Lagos.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by fineboynl(m): 2:11pm On Aug 19, 2025
It's shocking that we are still using the old naira side by side.

Remove the old notes. Print 2k, 5k and 10k note

Stop borrowing. Nigeria trade is balance the problem is the now. They are using more and more loan that already piled up.

Businessss cannot survive
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by themanderon: 2:13pm On Aug 19, 2025
We know now. 100k in Nigeria is now worth almost nothing. They are deceiving us with big numbers that are worth nothing.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by themanderon: 2:15pm On Aug 19, 2025
fineboynl:
It's shocking that we are still using the old naira side by side.

Remove the old notes. Print 2k, 5k and 10k note

Stop borrowing. Nigeria trade is balance the problem is the now. They are using more and more loan that already piled up.

Businessss cannot survive
Remove the old notes and print bigger useless notes abi?
This is the same ideology that brought us into this mess. Soon our naira will go the Zimbabwean dollar and Venezuelan Bolivar way.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by FireUpNow(m): 2:19pm On Aug 19, 2025
What's the solution please?
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Sirleo05: 2:25pm On Aug 19, 2025
Slavery money. Watch how dey will come and start attacking Mr Obi on dis report. APC made Nigeria and Nigerians poor, only to start bringing dem up small small dat people ( supporters) are saying dis government is working. APC, worst tin dat happen to Nigeria in modern era
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Saint99: 2:27pm On Aug 19, 2025
If you are not careful, Tinubu's reform will carry even the tiny one still stuck in your teeth.

Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Jaymats: 2:28pm On Aug 19, 2025
To be direct and precise I'm sick of all these annoying US say this, Canada say this nonsense. Guys enough is enough if anyone think throwing stone to the market because he or she is angry their is a possibility the stone might hit his or her family.

Using foreign insults on our country simply you hate Tinubu will hunt everyone of us and the funniest thing is Tinubu will be least affected its me and you who will face the consequence.

Same mistake apc made by nviting Fuani herds to embarrass Gej but today it is same apc who is suffering the embarrassment while Gej is in his house relaxing, that is life. Point one finger our the remaining four fingers pointing back to you.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Blitzking: 2:33pm On Aug 19, 2025
Timubu just needs to reduce cost of govt and ensure the business environment is friendly.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Bigchris01(m): 2:43pm On Aug 19, 2025
zero8zero:
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.
Keep quiet for a second and read what you just said if it make any sense to you
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Ladipodeal: 2:44pm On Aug 19, 2025
zero8zero:
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.
So the funds can be used to funds National Assembly solar light constitional project right?
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Bigchris01(m): 2:46pm On Aug 19, 2025
Maxymilliano:
https://www.arise.tv/us-report-says-n70000-minimum-wage-undermined-by-naira-devaluation/?fbclid=IwQ0xDSwMRPc5leHRuA2FlbQIxMAABHom1iu_HBQ6DdBCF3isNtgBpfkKs2bnsfQWjDdwGyZeQeCgEvVKolPiCmoOP_aem_hYtENiUdr1oWlo4Zb99AEg
each time I keep saying it that if all Nigerian workers convert their salaries into foreign currency like euro or dollar fight go burst for this country, how on earth do they want salary earners to survive with such an amount being pegged as minimum wage? But when it comes to comparing Nigeria to the rest of the world in terms of how expensive things are you will see some people saying Nigeria is quite affordable, abroad an average citizens earn more than $1k upwards but here is $41 dollars 😂🤣🤣💔💔
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Guestmale: 2:51pm On Aug 19, 2025
The same people that will be blaming Tinubu for the low purchasing power of naira are the same that always cry our border should be opened to all sorts of imported goods.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Douglad: 2:54pm On Aug 19, 2025
Everyone but agbadorians knows this
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Saidfx(m): 3:00pm On Aug 19, 2025
E know go better for any nl member wey vote for any of the parties in Nigeria come 2027 election. If una like make una vote. I only pray remotely o🪓
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by fineboynl(m): 3:06pm On Aug 19, 2025
themanderon:
Remove the old notes and print bigger useless notes abi?
This is the same ideology that brought us into this mess. Soon our naira will go the Zimbabwean dollar and Venezuelan Bolivar way.
there is already inflation. What do we do now. Using more mover to buy fewer things. To buy one Jean trouser you need 20k to 70k. The figure doesn't align way. Go to market with 1ok. You can buy anything reasonable
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Heffalump(m): 3:08pm On Aug 19, 2025
Factcheck0001:
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
You called Peter Obi a fraud? What will you call Tinubu? Sometimes I think that the Devil we all know is holier than you people. If God can react to you people's comments, the punishment would have been devastating.

I still don't understand why you guys are so wicked to yourselves and generations to come. If Tinubu is so good, the country wouldn't be bleeding continuously after two brutal years as president. We're sleeping and waking up as headless people without direction. Yet, there's so much scandalous corruption happening underground in government. You guys will never cease to amaze me.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Factcheck0001: 3:13pm On Aug 19, 2025
Heffalump:
You called Peter Obi a fraud? What will you call Tinubu? Sometimes I think that the Devil we all know is holier than you people. If God can react to you people's comments, the punishment would have been devastating.

I still don't understand why you guys are so wicked to yourselves and generations to come. If Tinubu is so good, the country wouldn't be bleeding continuously after two brutal years as president. We're sleeping and waking up as headless people without direction. Yet, there's so much scandalous corruption happening underground in government. You guys will never cease to amaze me.
I am not surprised if u say Nigeria is bleeding, no b Biafran u b?

I don't expect u to say anything good about Nigeria, anyone expecting u people to say something good about Nigeria is like expecting a rejected guy to say something good about a girl that reject him.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Druss(m): 3:13pm On Aug 19, 2025
70k now is less than 47 dollars. APC met minimum wage at 18k (92 dollars) in 2016.

In 10 years, the minimum wage has almost halved in dollar terms.

Hmmm ...
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Broveens42(m): 3:19pm On Aug 19, 2025
RillJ:
Gravely undermined, to say the least. N70 cannot cannot even fund one month transportation to work for most people in some cities like Lagos.
Safe to say they are wasting their precious time in Lagos.

The best thing that can happen to any human who craves the white collar job, is residing very close to work place.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Heffalump(m): 3:24pm On Aug 19, 2025
Factcheck0001:
I am not surprised if u say Nigeria is bleeding, no b Biafran u b?

I don't expect u to say anything good about Nigeria, anyone expecting u people to say something good about Nigeria is like expecting a rejected guy to say something good about a girl that reject him.
I'm not Igbo any bit. Anytime someone speaks the bitter truth about Tinubu and the poor state of governance he's leading, you guys will tag that person "Igbo". Is that not stupidity? The Obidient movement has nothing to do with Igbo. Today, if Obi is president and he messes up, Nigeria will reject him as well. The Obidient movement will scatter! You guys need repentance. If Nigeria is good, it will be nice for everybody.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jamafa: 3:25pm On Aug 19, 2025
SocialJustice:
Minimum wage should be 500k.
And U think 500k minimum wages won't cause inflation??
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