₦airaland Forum

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.

What break even price are u talking about? Already nigeria has one of the lowest oil production cost worldwide....or is d money goin to be derived from some new project when it starts making money?

Govt only wants to keep money down for its excesses, minimum wage is so small, @ $75 monthly.

The IOCs make too much from d joint venture agreements , hence renegotiate and take back more money.

Femi falana, said nigeria made $104 billion oil sales in 2018, only $38 billion came to nigeria.

This suggestion of more debts to fund consumption is bad.

The All Progressives Congress governorship candidate, Babajide Sanwo-Olu, has highlighted the investment opportunities in Lagos State at a session with selected Swiss investors in Geneva, Switzerland.

Sanwo-Olu met with the investors on the sidelines of the 2019 World Economic Forum which commenced in Davos on Tuesday.

The business interaction triggered commitments of $5bn investment in capital projects in Lagos, a statement by the media office of the APC governorship candidate stated on Tuesday.

It noted that the investors, comprising commodity traders, equity managers, investment bankers, information technology experts, infrastructure builders, international donors, energy and power companies and others, agreed that Lagos was a fertile ground for investment.

They, however, expressed concern about political risk in the state.

Sanwo-Olu was said to have assured the investors that Nigeria was safe for investment, and Lagos State, as the economic nerve centre of the country, presented the best environment for global investments.

“There has been progressive leadership and stability in the governance of Lagos State since 1999. The state has been under the administration of a party, my party, which is the All Progressives Congress, for more than 16 years. The state has remained a reference point for infrastructural development and economic prosperity in Nigeria and West Africa.

“On investors’ protection, I think that should be the least of your worries. Lagos has a comprehensive regulation that protects and shields investors. The scope of the regulation covers disputes resolution and commitment to the ease of doing business,” he said in the statement.

The Country Portfolio Manager, High Impact Africa 1, Grant Management Division, Global Fund, Ibrahim Faria, reportedly pledged to support the health system in Lagos State if Sanwo-Olu won the election.

He said, “We have particular interest to support the health system in Lagos. Global Fund is an important partner of the Nigerian government through funding support for HIV/AIDS, malaria and other diseases.”
source:https://thebiggestgists.blogspot.com/2019/01/sanwo-olu-gets-trade-commitment-from.html
cc lalasticala

Selling...

Let them enjoy the husband must be lazy in bed, honey pot must be washed

See below

https://www.youtube.com/watch?v=cYr3Q5cszCI
PDP South East Presidential Campaign Rally In Owerri, Imo State

#TheAtikuPlan #PDPImoRally South East here we come. The @OfficialPDPNig Presidential Campaign Rally will hold today in Owerri, Imo State at the Sam Okpara Stadium. We invite our members & supporters in the zone to participate enmass. #PDPSouthEastRally #LetsGetNigeriaWorkingAgain #SouthEastIsPDP #GNWA2019 #Atiku #BetterNigeria #NextLevel

This is pure madness!

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!

07065249024

-

https://www.youtube.com/watch?v=cYr3Q5cszCI
PDP South East Presidential Campaign Rally In Owerri, Imo State

#TheAtikuPlan #PDPImoRally South East here we come. The @OfficialPDPNig Presidential Campaign Rally will hold today in Owerri, Imo State at the Sam Okpara Stadium. We invite our members & supporters in the zone to participate enmass. #PDPSouthEastRally #LetsGetNigeriaWorkingAgain #SouthEastIsPDP #GNWA2019 #Atiku #BetterNigeria #NextLevel

See below

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!!

Boss please help

gchinonsostanley7@gmail.com

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.

Read my first sentence again sir

It depends on his mindset.

If he’s one of those disgusting arrogant prigs who thinks that he can cheat without being cheated on, please don’t touch him with a foot long pole. I kid you not, those are the worst kind of men to commit your life to. A man who won’t consider you a human same as him. His feelings and pride will be more important than your wellbeing.

However if he’s the disciplined type of man who doesn’t cheat and won’t tolerate cheating, then you’re lucky in that aspect because the measure you give is the measure you will receive from him.

Also note that people will tell you what they want you to believe about themselves and their ‘bad’ exes. It the Ex that is usually at fault. If something about him tells you that he has a hard heart, trust your instinct.

More: https://www.mediahelm.com.ng/2019/01/apc-donates-free-wifi-solar-for-free.html

I can be contacted on 08110612516

Check out this site https://Findschoolnews.com.ng for more education updates

https://www.youtube.com/watch?v=cYr3Q5cszCI
PDP South East Presidential Campaign Rally In Owerri, Imo State

#TheAtikuPlan #PDPImoRally South East here we come. The @OfficialPDPNig Presidential Campaign Rally will hold today in Owerri, Imo State at the Sam Okpara Stadium. We invite our members & supporters in the zone to participate enmass. #PDPSouthEastRally #LetsGetNigeriaWorkingAgain #SouthEastIsPDP #GNWA2019 #Atiku #BetterNigeria #NextLevel

Please i need the right ear for apple airpod

See below

dotstay01:
oya now, can we make deal?, send and let me offset a quarter

gchinonsostanley7@gmail.com

An APC member, Sanusi Ohiare donates Free WiFi, Solar powered kiosks for free phone charging to a community in Kogi.

The kiosks which are all wrapped with the banner of President Buhari re-elections.

According to APC UK, He also empowered the women in the community.

Source: https://www.mediahelm.com.ng/2019/01/apc-donates-free-wifi-solar-for-free.html
Mynd44
Lalasticlala
Seun

dotstay01:
oya now, can we make deal?, send and let me offset a quarter

Boss please help Electrical engineering

deomelo:





When is the new and rescheduled date?

When you think you know but you don't


**This event has been CANCELED due to changes in H.E. Peter Gregory Obi's schedule. We apologize for any inconvenience.**

https://www.csis.org/events/canceled-conversation-he-peter-obi-con-nigerian-vice-presidential-candidate

hm

Land for sale in Chevron Lekki
www.landforsale.ng/lagos/lekki/chevron/

https://www.youtube.com/watch?v=AlJh05RvNiw

Dear excessmon,
Oh you remember the good books and the tales of morals because a comparison was done between a lady you destroyed with words and your mother. So mommy is in safe space but another woman isn't? You are grossly irresponsible and a day dreamer.
A lesson for you boy. The ladies you insult and abuse indiscriminately behind your weak fingers are wives,
sisters, fiancees, girlfriends, sweethearts, girls, moms, to people you do not see and may never know. Go leak your wounds and repent from your stupidity.

#Richdad

excessmon:
I don't blame you jawe.....ur thinking explains who u are......

Good books says honor your parents so u can live long.....I see someone without regards for his parents in you....u are lousy and uncultured.

People like u end up as nobody cos u live thru life like u gave birth to your parents...


I feel for them though for bringing such a waste to existence

And what result is this crested rat talking about?? GTFO my mention dawg...I don't indulge gutter sniffing vermins..

Jolite:
you are a beast, wait and see the result.

See below

Up for grabs..