₦airaland Forum

Gboss247:
The real exchange of Nigeria was stated to be around ₦1,100/$, why can't the CBN allow it appreciate to the real value?

Gboss247:
Increasing the minimum wage doesn't increase purchasing power, it willreduce it.

SmartPolician:
Instead of increasing the minimum wage, work harder to improve the value of naira.

Unfortunately, we have dumb people as leaders. Dunbos who would rather borrow billions of dollars to build a coastal road than fix electricity

Image123:
Simple. Minimum wage is for a minority, but the negative inflation that follows is for all.
As for removal of forex and petrol subsidies, it was agreed by every major party and every educated person prior to removal. Clear reason, it wasn't affordable or sustainable. Any real questions?

Ofunaofu:
Did Tinubu understand federalism when he literally increased the fuel pump price from N187 per litre to over N1,500 per litre?

Was there a tripartite committee set up to discuss the effects of such a wicked and draconian increase on the living standards of Nigerians?

Just asking.

Gboss247:
If the minimum was ₦18,000 as in the days of Jonathan, there is no way a litre of petrol will sell above ₦300.

Kukutente23:
You're posing as if you're speaking factually now.
Minimum wage is for majority of nigerian workers. And since you now know your numbers? How many people did naira devaluation and subsidy removal affect negatively? Was it a minority or all? There's no such thing as negative inflation. So which inflation is positive? Is it the inflation brought by naira devaluation and subsidy removal?
Can you share the statistics that shows that every educated person in Nigeria agreed to naira devaluation and subsidy removal or it's just another wash from APC coven?

anonimi:
Atiku is an angel compared to worst rogue Tinubu.

Obasanjo knows this fact, hence in 2019 he endorsed his multiple benefactor Atiku for the job of president.

Did Obasanjo ever endorse the Guinean Jagaban of Borgu?


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Nigeria: Corruption - Kalu, Tinubu Can't Escape -Ribadu

19 FEBRUARY 2007

Daily Champion (Lagos)

Lagos — ABIA State governor, Dr. Orji Uzor Kalu and his Lagos State counterpart, Asiwaju Bola Ahmed Tinubu would not escape justice but would be made to face the full wrath of the law following their recent indictment for alleged corruption by the Economic and Financial Crimes Commission (EFCC).

Chairman of the commission Mallam Nuhu Ribadu who made the vow yesterday said the duo must account for their stewardship and may be thrown out of office.

https://allafrica.com/stories/200702190245.html

Kukutente23:
So you left the message and attack the messenger
Typical of Zombies
Nothing upstairs. Just insults and gaslighting

Image123:
Minimum wage is for a minority, you can tell us the number of people who directly benefit from it. Thank you

Parachoko:
The FG is already working on it

https://thesun.ng/minimum-wage-fg-begins-consultations-as-workers-demand-%E2%82%A6500000/

NationalFocusNG:
https://nationalfocusng.com/2026/09/27/increase-minimum-wage-now-atiku-tells-tinubu/

Kukutente23:
Go back and read the topic well
Atiku wants it done NOW. He understands the urgency of NOW in this particular matter unlike your god who is looking for a means to turn it to a bargaining chip with labour.

Very disgusting

Parachoko:
It's not something that can be done immediately.

There's a process that has to be followed

Tinubu can't just increase the minimum wage without carrying the Governors and Local Government along

Luckysbab:
There's already hyperinflation. I see no reason why the minimum wage shouldn't be inflated to catch up with it.

Kukutente23:
So how come the purchasing power of civil servants and workers generally increased when OBJ increased minimum wage from 750 to 3500 over 500% increase which led to creation of the virile middle class we had then

Image123:
Stated by who? It’s a free market. Let the naira discover itself. CBN will play its role of oversight and balance, not discovery or maintenance.

Gboss247:
The idea of free market is an illusion. The Nigerian forex market is controlled by the CBN.
The CBN has restricted the naira from appreciated to it's real value.
Earlier this year, the CBN usually release dollars into the market is the official rates nears ₦1,400/$ and buys off dollars if the exchange crosses ₦1,350/$ to like ₦1,330/$.

yesloaded:
Theres no need to increase minimum wage

The last increment make naira worthless

Reduce inflation

Manage the value of naira and make it gain strength to like 700 - 800naira per dollar

Introduce a strict fuel subsidy and let petrol sells for like 400naira per litre and pass a law forbids smuggling with life imprisonment for whoever caught smuggling the subsidized petrol

If they increased minimum wage today to let's say 150k but add more tax, the 150k will be worthless than 70k

As at today, 70k under Tinubu no get purchasing power like 18k under Jonathan

Ofunaofu:
Did Tinubu understand federalism when he literally increased the fuel pump price from N187 per litre to over N1,500 per litre?

Was there a tripartite committee set up to discuss the effects of such a wicked and draconian increase on the living standards of Nigerians?

Just asking.

Kukutente23:
All Nigerian workers who work in the formal sector which at the last count is about 30% of the population and their family members including extended family benefit from it. Then the market traders and artisans who they patronize also benefit from it indirectly with higher patronage and returns. So can you explain where you got the idea that minimum wage is for a minority?

Let me give you an example. Lithiumite has stopped eating mackerel since Tinubu took office due to low purchasing power. The seller he patronizes thus experiences lower sales of mackerel and in turn lower proceeds from the business.

If he begins to earn higher wages, he can resume buying mackerel and might even top it up with turkey meat. With that, his seller makes more money and gets more return and is thus further empowered. Do you get it?

Gboss247:
The idea of free market is an illusion. The Nigerian forex market is controlled by the CBN.
The CBN has restricted the naira from appreciated to it's real value.
Earlier this year, the CBN usually release dollars into the market is the official rates nears ₦1,400/$ and buys off dollars if the exchange crosses ₦1,350/$ to like ₦1,330/$.

delkuf:
how would this govt reduce inflation with this govt lavish spending and excess spending. Within just three month, this govt has borrowed 7 trillion and you saying this govt can reduce inflation. I just minimum wage is not the problem. This govt should do this and that. We just deciving ourselves. Inflation cannot be reduced. Nothing govt can do. So he should just increase the minimum wage that concern the massess

Gboss247:
I see no reason why you should complain if a litre of petrol sells for ₦10,000

yesloaded:
The last increment brings about massive inflation

They've not increased salaries but cooking gas is now 1300naira from major marketers while roadside sellers are selling at 1800/kg

If they increase the salary today, they will slam some hidden tax on everything and you will realize the 70k is more valuable than whatever they increased the money into

yesloaded:
The last increment brings about massive inflation

They've not increased salaries but cooking gas is now 1300naira from major marketers while roadside sellers are selling at 1800/kg

If they increase the salary today, they will slam some hidden tax on everything and you will realize the 70k is more valuable than whatever they increased the money into

Image123:
As usual, you deceive yourself by being clever by half. You know the figure is ridiculous. Let me help you and other readers. As at 2024, government reports
"the once over-bloated federal civil service has now been brought down from over 100,000 to 69,308 who have been verified and are on the payroll."

https://www.statepress.ng/2024/06/fg-uncovers-1618-civil-servants-with.html?

Imagine 70,000 people getting minimum wage increase, but over 240million people suffer the inflation resulting. It makes no sense.

Most state civil service cannot cope and are not paying the federal minimum wage, but let's dash them that they are paying and will pay. State Government civil service approximate numbers is 1million. With local government, we dash 2million total employees benefiting.
Formal sector employment in Nigeria is approximately 8%, 92% is informal and not likely to follow. They currently don't. Wonder where you manufacture 30%, you still dey rig statistics? Imagine if government gave this your figure now, you'd counter it for sake of opposition. SMH.

delkuf:
cooking gas has to 1300 is the main reason why they should increase. Let me tell you one thing, all this reduce inflation and purchasing power cannot happen presently. Not in the current govt. Do you see the this govt are spending. Within three months, this govt has borrow 7 trillion dollors. And they are planning to borrow another 1.5 billion. And you thing inflation will come down, be whinning yourselve

Kukutente23:
So imagine just 8% as you say having such a trickle down effect on the economy. Income distribution primarily happens through that 8%. So how can anyone sane say minimum wage is only for the minority when it has a trickle down effect that reaches majority of the population.

Besides the reason why the formal sector is still so small in terms of numbers because of weak government oversight. A lot of schools in the private sector, vendors and contract services workforce in Nigeria are classed as informal sector. Let me shock you. Do you know that teachers in schools run by govt parastatals are seen as being in informal sector which makes them being deprived of some benefits they should ordinarily get? Nigerian govt is basically enabling the exploitation of its own citizens. Telcos are reputed to have between 20k-25k workers but the services under them empoy over 500k workers who end up classed as informal for example. Same holds for almost all other sectors!

Image123:
What trickle effect are you blabbing about? You lied and exaggerated that it was 30% and started to imagine non-existent things. i corrected you with facts, and you're moving on to paint your scenario? No dear. Very few people are affected by any change in salary by the government. Like i said, most state governments cannot even afford/facilitate the current minimum wage, so that lowers the 8% when we remove the state and local government workers.
On the other hand, the trickle/tsunami effect of the inflation that comes from it touches everyone 100%.
All your story is besides the point, the point is that most of the workers are not paid the so called minimum wage increase. If government likes, they increase minimum wage to 1million naira, your 500k workers you are crying about will not have their minimum salaries increased to the 1million naira. State governments will not comply. But the announcement alone will trigger inflation for everybody in Nigeria including the unborn and the dead. This is the simple fact. If you like, keep dancing around the politics.