₦airaland Forum

Kewtt:
Country Monthly Minimum Wage (Local) Approx. Monthly Value (USD)

Angola 100,000 AOA ~$109.00


Nigeria ₦70,000 ~$51.00

Macphenson:
This is the only country they should be comparing Nigeria with. A lot of my Togo artisans left Nigeria to this country and today they are all doing great.

I wonder why Nigeria is not selling crude to Dangote at off OPEC sales.

Lithiumite:
Petrol is still being subsidised in Angola and the govt is assidously working to end it

Thedon22:
If you want to do comparative analysis in Africa present at least 10 countries with highest production in Africa. Not taking 1 country in Africa and comparing with Nigeria. How much is fuel in Ghana, Senegal, South Africa, Egypt etc. What you have just done is academic laziness, not reliable comparison. Unless maybe you are a politically biased commenter.

lawani:
They can't sell crude at below market rates as that would be subsidy and who told you they are selling crude at below market rates to the Angolan refinery?

Dotherightthing:
Nigerians NEVER rely on their salaries alone.

lawani:
https://businessday.ng/news/article/angola-cuts-fuel-subsidy-days-nigeria-did-same/#offcanvasExample

Dotherightthing:
When will dullards stop quoting NGN70,000 as minimum wage for chrissake

Even corpers who are not expected to own vehicles earn NGN77,000 and they get other reasonable stipends from the PPA and some state governments.

NGN70,000 is the basic salary NOT the take home package of the least paid federal civil servant.

Private sector pays far more.

Nigerians NEVER rely on their salaries alone.

Dotherightthing:
When will dullards stop quoting NGN70,000 as minimum wage for chrissake

Even corpers who are not expected to own vehicles earn NGN77,000 and they get other reasonable stipends from the PPA and some state governments.

NGN70,000 is the basic salary NOT the take home package of the least paid federal civil servant.

Private sector pays far more.

Nigerians NEVER rely on their salaries alone.

Kukutente23:
How many states pay corpers in Nigeria
There are still Nigerians that earn below 70k
70k minimum wage law is only for medium and large scale companies. SMEs are not bound to implement 70k and we all know that the largest majority of Nigerians work with SMEs

lawani:
They can't sell crude at below market rates as that would be subsidy and who told you they are selling crude at below market rates to the Angolan refinery?

Lithiumite:
Oga!! Get your facts right,there is still fuel subsidy in Angola,what they did was partial removal as against the full removal we have here.

ZombieDredd:
And what have you done with the funds?

Sheuns:
Stop this dead narrative. The federal government spends $0 in producing crude oil.

They secure no production costs. Why can’t they set aside the amount required for local consumption and sell at below international market price to Dangote?

Tell us why.

Lithiumite:
What were you expecting the funds be done with......the increased allocations to your state where did you think the money is coming from,your foreign reserve, debt servicing obligations,all those road projects......the minimum wage increment,nelfund etc where do you think all that money is coming from......need I also remind you that the salaries of military men was just increased,a private, the least rank would now be earning about 300k monthly as againstvthe paltry 85k before ......if subsidy wasn't removed much of this might not have been possible.....if subsidy were to continue the givt would have had no choice but to tax heavily that everyone would have been crying so much.

lawani:
Because it will amount to subsidy and subsidy has ended. The US is producing oil too and is not selling it cheaper at home. We don't need awoof. It benefits no one in the long run. Ask for any other thing but not oil awoof. If a small nation like Norway that produces as much oil as Nigeria is not doing subsidy, don't you think it is shameful for Nigeria of 220 million to be doing such?

Kukutente23:
Increased allocation has more to do with naira devaluation and increase in VAT than subsidy removal
Are you saying Nigeria was not servicing debts or increasing wages of workers before subsidy removal? Are you saying Nigeria was not building roads before subsidy removal?
You've not been able to mention any tangible benefit of subsidy removal

Lithiumite:
How would you have been able to do anything with a debt service to revenue ratio of 96%,weren't you old enough during gej era when madam okonjo was screaming to high heavens that Nigeria was borrowing to pay salaries even into Buhari’s, govt was borrowing to cover both capital and recurrent that he had ro resort to ways and means running into 30 trillion naira all these is no more under tinubu thanks tobthe subsidy removal on both petrol and the dollar,the old ways were unsustainable even gej was crying out during is time that Nigeria would bleed to debt with the subsidy regime.

You claim it was devaluation that led to increased allocations to states, you are partly correct but thats not the full story,how come states aren't owing salaries anymore compared to the era of subsidy despite increase in minimum wages, how come many could now carry out more projects as against that era atleast they said so themselves.

lawani:
Because it will amount to subsidy and subsidy has ended. The US is producing oil too and is not selling it cheaper at home. We don't need awoof. It benefits no one in the long run. Ask for any other thing but not oil awoof. If a small nation like Norway that produces as much oil as Nigeria is not doing subsidy, don't you think it is shameful for Nigeria of 220 million to be doing such?