₦airaland Forum

DIVINEEVIDENCE:
Increasing minimum wage will lead to inflation, further weakening the strength of the Naira.
That's basic economics.

Just like Emilokan advocating for the CBN to print more Naira to address economic issues.

We warned bigots on this forum against voting for braindead deadbeats who neither understand fiscal policy, basic economics nor have any regard for statistics.

Did they listen?

One year never run finish body done dey pepper everyone like this.

Come 2027, some people will still collect money to insult the truth and vote in another dunderhead to represent their tribe.

Shame of a nation.

There are 2 options to solve inflation,

1, stabilize currency and increase people's purchasing power
2, control price.

Since government cannot control price in a capitalist economy, they are left with first option.

All they have to do is give people living wage and balance free falling naira. Once naira becomes stable, the inflation will stop, and people with living wage can buy stuff.

It's that simple.

Omobude244:
Why has Tinubu not increased minimum wage till now?
What is he waiting for?
He didn't set up committee to review subsidy removal before jumping like a frog to announce it But he is setting up a committee to review minimum wage
All of una dey craze

yeah people should put pressure on tinubu to increase minimum wage. [b][/b]

Okay.

But you didn't tell us what you sold to get the 1000 naira.

People talk about inflation as if it's some few people inflating the price of things and all government have to do fight them.

You have inflated your own market, so expect others to inflate their own market so that they can afford what you are selling. It is that simple.

You buy what you sell.

That's why not everyone could afford a brand new car when it was being sold at 400 naira in this same Nigeria. And not everyone could afford rice when it was 8000.

You that bought 1k milk and sugar probably sold 1painyt of garri at 1500 from the 800 you used to sell so you can afford the milk and sugar.

That's where balance comes in.

Inflation is not the problem but the falling value of naira.


The only thing government can do now is increase minimum wage so that everyone will have the purchasing power.

2, they also need to find a way stabilize the value of naira that keeps falling everyday to avoid hyperinflation.

.

Those club houses will buy fake Hennessy or azuul for 1000 naira to 5000 and start selling to mumu customers for 100,000k to 500,000k

Mumus will start gulping them up cos they kuku can't tell the difference once they are high.

killsmith:
Japan has not experienced terrorism since it banned Islam.

food for thought for those Libra nations thinking allowing potential terrorists into their country means they are being Libra.

Lobatan.


France took in too much muslims.

A peaceful country is a country that denied Muslims their right. E.g china.

Once you allow those people any chance of freedom or right, your society is done for it.