₦airaland Forum

cosmatika:
I've never seen anyone that supports APC that sounds sane. From Keyamo to Sagay to Ogunlesi to the Former fake pastor called Osubande. U don't need ur brain to support them

Meanwhile,make una see APC supporter wey claim say Buhari they work, yet hunger is killing the young man. Begging me for common 1k. Pls u guys should be showing love to zombies, some zombism re hunger induced

rock003:


Please I've always wanted to ask you this question..
Don't you think your comments on nairaland make you sound like a useful idiot? Or what do you think?

anonymous96:
Kinda new to Nairaland.. Noticed I can no longer comment or like posts in the Politics section. Any reason 4 that?

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theoldpretender:
NLC is not going to get their 30000 minnimum wage....because the government cannot afford it.

Oil yesterday was $62 per barrel. Yes, it is $2 dollars above the minimum set for budget...but it is still far less than our 2017 breakeven price of $140 per barrel.

The breakeven price of oil is the price we need oil to be to have enough revenue to fund a budget sans borrowing, sans deficit.

Since Bubu took over, oil has never been above $75 on average. So, essentially, we are earning at least $70 less than we need per barrel of oil in revenue.

And NLC now wants a salary increase.

The only way NLC gets an increase is either

1.Government cuts things like fuel subsidy, subsidy for educaiton, ...meaning that fees go up,and petrol retails for N250 per liter and above.

2.Government takes a loan to keep essential services running...while it redierects money to pay the wage from other ministries.

3.Yes, they need to cut their allowances. Yes, N1 trillion is a lot of money to spend on our National Assembly...and we need to cut it. But that means that things like constituency projects, etc as well as jobs (senators and reps employ people too) would have to be cut...and I doubt the money would be enough.

Yes, Buhari should have diversified. The problem is,

1.Agriculture has not earned enough cash for us since the early 1980's. To rebuild our capacity in agriculture is going to take time...plus we have very very stiff competition (The South East used to be world leaders in palm oil. Now ...it is Malaysia and Indonesia. Can the SE rebuild its capacity to what it was in the 1960's).

2.Mining too...needs a lot of regulation. There is so much illegality there that cleaning up the sector is going to take years.

The thing is, e no go easy to pay this minimum wage. I hear people shouting Governemt is corrupt...and yes, they are right. The current government is not exempt from corruption. But even if we removed corruption....giving everyone an increase is not going to help.

Add the fact that the increase is for government workers only. Meaning..the private sector is going to come under pressure to match the public sector...increasing costs for a sector that is already finding it hard in Nigeria.Meaning...long term..investments get pulled out...jobs get lost.

So,let's face facts Nigeria...this country is not rich...and we need to make the hard choices to adjust to that fact. If NLC expects govt to fund a salary raise with oil prices that are too low to fund it...then they better get ready for more loans, or cuts elsewhere.

Either Nigeria takes the hard road to industrial development, or we keep on with our silly sharing money economics that we have been doing since 1960. ...which is why we are still underdeveloped.

I don talk my own.

kheny12:
stupidity @ it's peak.

Odunhanz:
As the topic implies, No Work! you just install and get payment directly to your bank account

Driop Your Whatsapp Contacts Below to be Invited!

MadMullah:
So, I am a bit disappointed. I paid 2K for one of this so called materials and not a single Chemical Engineering question. Its all Electrical and Mechanical. I need the Chemical Engr Q so bad!!

gists:

You forgot to factor in the stress of renewal for those that are not residing in the country. Trust me, you will wish you spent that extra 20k now when its time to renew.