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RepoMan007's Posts

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Politics › Re: Minimum Wage: FG Offers ₦‎62,000 After Hours Of Meeting by RepoMan007: 12:11pm On Jun 13, 2024
grandstar:
Many state governors would love to cut down the bloated government payroll but it's considered untouchable.

Touch them and kiss re-election goodbye. Bisi Akande's sack of Osun's state teachers till this day paints him a wolf amongst sheep

Tinubu will go on a mass sack of workers in his second term. He no send. His hands are presently tied until he gets re-elected
Sacking redundant and idle hand is a good point but what about zero motivation to be productive?

Maybe allocation should be scrapped in place of incentive based intervention to states. Your intervention as a state is tied to what you produce. Give them money to fund industries instead of pretending to be building useless roads and infrastructures and let them repay that money with verifiable goods and services that the FG or regions can consolidate and export on their behalf. According to how productive each region and state is, intervene in their local governance with extra projects and not funds that can be looted.

Any arrangement that allows unconditional allocation to states is designed to tunnel the resources of one region into another fraudulently and is therefore bad.

From what I have seen the states will keep employing in order to grab or lay claim to bigger share of the cake. Can Tinubu sack state workers also?
Politics › Re: If We Share Anambra Monthly Revenues Nobody Will Get Up To ₦‎2,500 – Soludo by RepoMan007: 8:55am On Jun 13, 2024
FreeStuffsNG:
The Governor of Anambra State, Chukwuma Soludo, says if all Anambra earnings are shared individually with the residents of the state, nobody will get up to N2,500.

Hehe......Even with small population and very small land mass huh Anambra state is poor niyen.

This Governor Soludo is so brutally frank although I have always known that he will struggle as a state Governor if he approaches his role with his previous experience and mindset of a CBN Governor who has access to endless flow of cash in the vault.

Gov. Soludo has broken the table once again. Check my signature for free stuffs!
it means Anambra is densely populated yet not so high in terms of allocation + revenue.
Politics › Re: Why Is Bishop David Oyedepo Doing This? (PHOTO) by RepoMan007: 8:51am On Jun 13, 2024
...back then Christian's were being slaughtered right inside churches.
Food › Re: Virgin Boy Egg: Can You Eat This Chinese Food? (Photo) by RepoMan007: 8:50am On Jun 13, 2024
I probably have but can't.
Travel › Re: Lagos-Calabar Highway: FG Reroutes Mega Project, Slashes Lanes To Six by RepoMan007: 3:05am On Jun 13, 2024
Still a misplaced priority. We already have a network of road that runs from Lagos to Calabar.
Politics › Re: Minimum Wage: FG Offers ₦‎62,000 After Hours Of Meeting by RepoMan007: 2:58am On Jun 13, 2024
grandstar:
You'd be shocked to discover that government spending, especially on recurrent expenditure, subsidies and debt servicing actually cause far more damage than corruption.

When Oshiomole became governor, he was shocked to discover that the oil subsidy actually cost a lot of money to fund. He was also surprised that after payment of salaries, there was hardly any money left. He was irked that the little money left, governors were still dipping their hands into it.

Everyone is shouting that the greedy senators have a budget of N344bn. so workers need a serious raise as well. Just raising the minimum wage by 10,000 adds 950bn to the wage bill. One can see the problem first hand.

If the 62,000 minimum wage is accepted, total wage bill of the federal government will hit 5.85 trillion. Add another 5.5tr for the fuel subsidy and that's 10.3 trillion. Debt servicing hasn't been included which will be over 10 trillion. A lot of the debt accumulated was due to fuel subsidies, the government wage bill, and during Buhari's utterly useless 8 years in office, a senseless exchange rate policy that starved all levels of government of funds and distorted the economy.

Can fiscal discipline and corruption co-exist? The answer is yes.

There was lots of corruption during OBJ's government yet it paid off almost all the foreign debt and saved $20bn in the Excess Crude Account.

Lagos state which has a lot of corruption is fiscally prudent. It collects loads of taxes

Abacha's government, despite the fantastical levels of corruption that bedevilled it had a lot of fiscal discipline. The exchange rate stayed at $1- N80 for 4 years. Foreign reserves rose from $500m to $8bn. The fiscal discipline between IBB and Abacha's government were like day and night.

It all boils down to the determination of the president and the governors.

Unless government revenues increase, the country will be in big trouble.
Huge recurrent wage, subsidy leakages and bogus pay are all orchestrated from that top so the buck goes there also. Saying wage increase will cost X but ignoring the corruption in civil work force is very bad. In a country where we lack motivated health workers and are battling exodus of same, it is very bad if not demonic for the leaders of major political parties to maintain idlers on payroll of Govt across LGA, states and federal level then cry about the consequence of a N10,000 or N30,000 increase. The corruption.perpetuatedand maintained by these top men by keeping such loyal and idle earners is a stumbling block to giving productive health workers a raise. Imagine that.
Same goes too for education. There are many useless lecturers and faculties and even institutions hustling for scarce resources with truly productive minds. They barely know what education entails and how it fits into the overall picture of the society for an eternal man.

Is it right that states can decide to incur expenses and then cry to FG for minimum wage or allocation to cover their expenses. Imagine two states A and B. A recruits far too many unproductive hands into its workforce, maintains so many educational institutions and public workers generally, prioritizes religious politics by sponsoring hajj heavily with next to no IGR nor GDP growth. Then another state B that actually does all that but based on her ability to generate healthy IGR and grow her GDP so doesnt have to burden the centre. State B is willing to be independently productive but sees that anything A does, the FG funds. Over time B is more likely to relax its independence on FG and start hustling for a bigger portion of the cake the FG is giving to states like A.
Our structure alone kills incentive for productive state units. The system is wired from the top.
Politics › Re: This Is Peter Obi Falling - Reno Omokri by RepoMan007: 9:31pm On Jun 12, 2024
raskymonojendor:
I don't know why anyone would even make a big deal out of someone tripping and falling..same Tinubu was at the state house dinner tonight hale and hearty.
your job is hard o.
Politics › Re: This Is Peter Obi Falling - Reno Omokri by RepoMan007: 9:29pm On Jun 12, 2024
Political in nigeria is a blend of war and comedy.
Politics › Re: The Idea Of Free Market Economy Is Illusionary – Fashola by RepoMan007: 9:07pm On Jun 12, 2024
Babalegba:
Lol Japan intervened in the market to save the yen about six weeks ago. Why didn't they leave everything to market forces
China is subsidising EV production to flood outside markets. USA China and Taiwan are pouring combined over $200 billion into silicon chip advancement. USA intervenes in auto manufacture if they have to. Those are far advanced nations o. Here you see criminal lawyers play politics, get a top job and start parading concepts that are disjointed from our reality.
Free market ends inside the textbook where it is thought as a concept.
Politics › Re: The Idea Of Free Market Economy Is Illusionary – Fashola by RepoMan007: 9:01pm On Jun 12, 2024
He made sense, I wonder if grandstar agrees with him.
Crime › Re: Ritualist Caught With 8 Human Skulls Priced At ₦30,000 Each In Ondo by RepoMan007: 8:56pm On Jun 12, 2024
Half of his clients are probably on nairaland shouting skull miners and calling names.
Politics › Re: Some Governors Using Criminals To Rig Elections – Goodluck Jonathan by RepoMan007: 8:07pm On Jun 12, 2024
We saw that in full throttle in Rivers and Lagos state. They are Tinubu's boys.
Foreign Affairs › Re: Israel Kills Abu Taleb, The Most Senior Hezbollah Commander Since October 7 by RepoMan007: 8:05pm On Jun 12, 2024
Good news. That's a country with no border or territorial dispute with Israel yet has been attacking israel.
Politics › Re: Minimum Wage: FG Offers ₦‎62,000 After Hours Of Meeting by RepoMan007: 7:58pm On Jun 12, 2024
grandstar:
Let do some small arithmetic's

Every N10,000 wage increases cost the government 950bn. So, an increase of 30,000 will increase the money government is spending by 950bn x 3 which is N2.85tr.

This is huge. This is a government that may borrow 6.6 tr to cover budget shortfalls

https://www.nairaland.com/8117406/fg-may-borrow-6.6-trillion

This will increase the money in circulation and lead to a huge spike in inflation.

There are 2 reasons why Nigerian workers are paid poorly.

Government tax collection is poor. The federal government only collects about 10% of GDP as revenue compared to Ivory Coast which collects 26%. If tax revenues are around 18% of GDP, salaries will be much higher, especially of deserving ones such as those in the health sector.

The second is that the government workforce is bloated. Worse, service delivery is nothing to write home about.

The civil service should be trimmed and made lean and mean, for the purpose of delivering optimal service. Productivity is way too low.

If tax collection is increased and the civil service trimmed, a much improved wage package should be awarded them.

Bola Tinubu from his body language wonders why he should pay lazy civil servants a wage increment.
You can talk about tax collection being poor which is true. The 'but' of the last statement is that we all know what govt does with funds mostly which is stealing it and that will not help the govt increase tax. People are less willing to because what free oil money couldn't do in the hands of leaders shouldnt be expected to happen when tax from people's sweat in involved.
Corruption is a stumbling block to compliance on the peoples part. Nobody will want his sweat to be used to go and stone devil in Saudi Arabia for example. The reform has to be from the top where the power to correct systemic rot is vested and not the base of the societal pyramid. I will stop there for now.
Politics › Re: No Matter How You Mock Tinubu; God Has Already Elevated Him - Reno Omokri by RepoMan007: 7:27pm On Jun 12, 2024
Hitler too was elevated until he caused hige havoc.
Food › Re: 3 Affordable Protein Foods To Consider As Price Of Beans Soars by RepoMan007: 5:31pm On Jun 12, 2024
Wheat kponmo and worms too.
Family › Re: What Will It Cost Me To Install A 2500W Solar/inverter In My House? by RepoMan007: 4:07pm On Jun 12, 2024
rickleye:
$3000 for an invert. ?
no o. The whole set up.
Politics › Re: "Great Fall’ – Sowore Mocks Tinubu Over Eagles Square Slip by RepoMan007: 2:24pm On Jun 12, 2024
Significant of the great fall of his reputation.
Politics › Re: June 12 Protest Ongoing At Ikeja Underbridge, Lagos (Pictures) by RepoMan007: 1:24pm On Jun 12, 2024
Benblaq:
Starting from the Lagos he built?
Now have you not learned the hard way? Where's MC Oluomo and all those riffraff who bullied people who came to vote against APC? All of a sudden most of you are not interested in teaching a certain tribe Politics 101.

See how life happens so fast.

When the opportunity to get it right comes knocking again, will we answer wisely or will we still let tribalism and peanut cloud our sense of reasoning ?
Onlyparagragh one makes sense.
Politics › Re: June 12 Protest Ongoing At Ikeja Underbridge, Lagos (Pictures) by RepoMan007: 1:22pm On Jun 12, 2024
Medipharm:
Be ashamed for once my guy.
A cup of Beans was sold #120 just February last year, Today it's #400. It's what those people are protesting for, not your gods in Aso rock in person.

For how long would you continue to sing the praises of these people that do not care about you. For your information, you don't love Nigeria more than the people you attack here on NL, they just want a better Nation for everyone, yourself inclusive. Stop this, Posterity may judge you badly for what you represent
why are you appealing to someone who has submitted his brain to demonic politicians via oaths?

Tripled cost of living in the face of stagnant earning will unsettle any sane person who was just surviving hitherto.
Politics › Re: 'Ebi N Pa Wa!': Hawkers Protest Economic Hardship In Lagos (photos) by RepoMan007: 1:15pm On Jun 12, 2024
israelmao:
The prevailing hunger and evonomic downturn is also rented right?
There is hardship but this crowd is so unreal.
Politics › Re: See The Article New York Times Published About Nigeria On Our Democracy Day by RepoMan007: 1:13pm On Jun 12, 2024
Blazebond:
How many times have they ever supported and reported anything positive about Nigeria or Africa ? Bleep them.
Idiotic mindset.
How many positives come out of africa? Or your thick cranium area feels they just concoct positive content to make people feel good?

When our entrepreneurs excel they report them. They report Dangote BUA and top business men positively. They even did for Obi the fraudster that year before he was busted for the fraud that sent him to US jail.
Politics › Re: 'Ebi N Pa Wa!': Hawkers Protest Economic Hardship In Lagos (photos) by RepoMan007: 10:45am On Jun 12, 2024
PDP was the best




...




when it comes to rented crowds.
Phones › Re: Sold!!!Old Samsung S6 For Sale 10k by RepoMan007: 10:41am On Jun 12, 2024
This kind of phone is for people who just want to play games, watch vids and play songs. Is it like an organiser with network and media capabilities.
Politics › Re: Democracy @ 25: We started well in 1999 but have now deteriorated - Peter Obi by RepoMan007: 10:36am On Jun 12, 2024
The Islamist have proven to be destroyers when there is no full fledged Islamic govt in place. They divide the crowd and use their selfish system to ruin the whole setup. Very sad.
Food › Re: Okpa 100 Naira About To Go Into Extinction by RepoMan007: 10:34am On Jun 12, 2024
N50 sugar, groundnut, and snack too.
Very soon there will hardly by any real use for N50 and N100 notes if the trend continues.
Politics › Re: June 12 Protest: Stop Threatening Harmless Nigerians - Deji Adeyanju Warns DSS by RepoMan007: 10:32am On Jun 12, 2024
Useless setup. Protect civilians mba, na protest be deir probulem.
Food › Re: The Rivers’ Love For Garri. by RepoMan007: 9:17am On Jun 12, 2024
Eba and Egusi soup
Eba and Egusi soup
Foreign Affairs › Re: Civilians Bloodshed Will Help Hamas - Hamas Chief , Yahya Sinwar by RepoMan007: 9:56pm On Jun 11, 2024
Useless thing.
Business › Re: Guinness Announces Plan To Leave Nigeria After 75 by RepoMan007: 8:33pm On Jun 11, 2024
Acekidc4:
What positive thing has microsoft presence in Nigeria done to your personal life🤔 Apart from tax the government collect from them, is the Tax reaching your side🤔 if Microsoft or other companies leaves, isn't that an opportunity for we Nigerians to be productive and build our own technology 🤔 instead of depending on the west for everything
Then why is Tinubu spending money we don't have to chase foreign investors?

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