₦airaland Forum

fxexperts:
It obvious most of you don't have sense. so you want to compare your shithole country to the Almighty USA. So you think the almighty US will target a sinking dead countries economy.

Shey you have evidence that he committed against the Nigerian economy then. most of you blacks are not just wise i swear.

Tell me the money he stole from your shit economy. you guys never cease to amaze me.

The UK government will do nothing, because MNK is also a Nigerian Citizen, he is been punished by his mother country.

My friend stop insulting people's race. There is evidence that's why he's being held. He's in court that's where the evidence will be proven.

PinkNature:
What are you talking about?

This government is the best thing that has ever happened to Nigeria.

Let's keep teaching Peter Obi a bitter lesson. God bless APC and the millions of hungry Nigerians that voted them in.

Everyone was having fun discussing the events in the country must you bring up your tribalistic politics? By the way is there any proof that your Peter Obi would have done better under the circumstance?

I'm an Igbo but I'm very ashamed of our people's brand of politics.

ezenna191:
This is good business.Convert one pound to naira for just a comb of maize.

Have you calculated the landing cost of the corn? The was not grown in the UK.

G0odharddick:
Don't you have sense?

Do you know how much he'll make after selling those corns as compared to the useless amount he'll make in Nigeria after selling those same corn here?

Dude it's a simple logic

Where does he pay his bills?

guobe:
That money represents schoolfees,feeding,accommodation, etc

This must be one cheap uni in the UK or one of the cheap courses.

Validated:
Why are church leaders busy acquiring properties, yet preach that "Jesus is Coming Soon"?

Only if we the followers can read and listen with understanding! The Bible does not say be stupid and senseless. It say, "Be humle as a dove but be wise like a serpent ".

See your wrong question. You no dey go church. Na to criticize church and pastors.

1Sharon:
Make them promote you to senior pastor, make we see something.

You no know whether I bi senior pastor already.

Wizardslayer:
If you fear women that's ok.

But remember to fear pastors too for your sanity.

But we should not fear lecturers, gamblers, fake goods traders, yahoo boys etc.

Aaaaarghmed:
I no know wetin people see thats special about pastors.fakes ones na 95 percent. Nothing concern me with them

Food don done for haters of church and pastors.

1Sharon:
They do it for blessings.

In their mind, they're thinking being a servant to a pastor will guarantee them a spot in heaven. Same mentality as people that work in churches for free.

"Do it for Him"

I work for church for free and God has been blessing me. My life, my choice and my God.

Winnin009:
Well, supreme ice cream doesn’t seem to have a competition till now.

Guess who owns supreme?

I think that it should be UAC foods

Most people think that it's easy to run a church or own a successful ministry. This one don try and see now.

Generally all the old conglomerates are having problems. The John Holts, UTC, Leventis etc. Mr Biggs is part of UAC foods which is part of UAC group. All their divisions and/or subsidiaries are either comatose or in ICU.

richiemcgold:
One fact I can deduce from this report is that every potential business needs good credit facility to succeed - - - be it a petty business or a multi billion naira investment.
We need to understand that new minimum wage can never solve our current economic problems. One of the best ways to revive and grow Nigeria's dwindling economy of today is to provide affordable and easily accessible credit to local business owners, most especially small/medium sized enterprises.
Even a big man like dangote, as wealthy as he is, still had to source for credit to grow his business. The same thing is applicable to small business owners. But unfortunately as of today, no one really cares about the plights of our SMEs despite the fact that we have more small business owners in the country than public service workers.

Most SME owners are bad resource managers. They mix up their personal finance with that of their enterprises.

There's high rate of loan default by them. Lenders are therefore very careful.

kedeojo:
Saraki family are one of the major shareholders.

The second bank that they are killing. First was Societ generale bank.

This man's sole project as governor is to pay salaries

christejames:
Soludo is disappointing me with his statements on this minimum wage





You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuses that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?




Keep giving opposition chances to push you out!

Payment of 70k and above minimum wage doesn't make a governor a wonderful governor. Edo and the others that are paying them what other development that are going on.

Sir show us your records of how you built your state. This your statement is filled with envy.

The first governor that laid the foundation of modern Lagos was Jakande. The vision was unequaled. The speed was lightening. The style of his administration was enviable. The military came in 1983 and scatter it.

Those of us that have lived all our lives in Lagos knew what Lagos was in 1999. Lagos was rudderless. BAT came in and brought back the Awolowo and Jakande vision. He recruited technocrats that bought into the vision. Since then the vision has been running. We knew what Lagos became by 2007.

You can have all the resources but if you lack vision and good resource management skills your money will achieve nothing. A good example is the south south states.

Let's give honour to whom it is due. Who laid the foundation of modern Lagos is not in debate

nayi:
That is to say that average sales girl will be paid above 60k. Please how will that work for small scale enterprises

Were they paying minimum wage of #30k before now?

Yadid:
Phew! Could it be that the government is then enjoying this weak naira?

The governors are because they have more money to spend and nobody is monitoring them.

Jayhome24:
Ajaero now face the governor.

That's why we tell people that there is so much focus on the center. Nobody looks the way of the subnationals. Nigerians and labour are blaming FG for offering #60k meanwhile the governors are saying that it's too much.

Fiscal Federalism is required so that the subnationals will start to think of how to generate revenue. The unviable ones should fold up.

Nonsense. Tired of this kobo kobo addition. Going back and forth. Table reasonable offer. The range should be government offer: #70k and labour offer #120k.

Shikini:
What about the billions of dollars stolen by govern officials?
.

So we should allow an entity to operate without regulation and payment of relevant taxes. Can they try this in their home country.

Omooba77:
It is just pure wickedness, increase pump price, yet subsidy is still being paid.....

If no subsidy at all is paid the pump price should have been over #1,500 per liter because of the exchange rate and increase in crude price.

Kafirbigot:
When them tell Dem say .....

Leave us in PEACE let us Mourn.

Worthless Agbado and useless almajiri 1 NIGERIA noisemakers and bigots won't allow us to rest


Today is Sit at home ..

All ROADs are empty .. any checkpoint or any gathering of military personnel will Not be accepted


E be like say una think say MEN dey play ...


NONSENSE....

If the military throw their weight on the area and raze the whole place down you will start calling government names. It do dey sweet you now.

Next is to change from the bogus presidential to parliamentary system of government.

All these for breakfast? Stop overloading your system.

Crazy appointment

triplechoice:
Go back to your previous comment and see it wasn't consequential adjustment you talked about You were doubling each level like a layman as if that's how it's done in the civil service. You gave very wild figures. Instead of admitting your mistakes you want to brag.
The civil service wage structure is not the same as those in the private sector in case you don't know , Mr accountant

Minimum wage law all over the world covers all workers whether private or public sector. It's a law that sets the minimum every worker should earn in a particular country. If I work in a company where my driver earns 30k and I earn #500k, if his pay is increased to 500k are you expecting my pay to remain the same?

This is my last reply to you. Stop disturbing me. I'm forced to tell you that you lack proper understanding of what you are talking about.

triplechoice:
My friend you're ignorant. Minimum wage is for the lowest paid worker. Those at that top only enjoy marginal increase once minimum wage is reviewed upwards. It's not what you think. Go and verify from anyone you know working in the civil service.

Another thing, is that your mind is still stuck in the past and because of that you're not aware of the current value of your naira. It has been devalued after it was floated to the extent it's now almost as worthless as tissue paper. 500k doesn't have the same value like before. It's just about 150k now when you exchange it with the dollar.

And again, minimum is going to be paid to less than 5 percent of the population in Nigeria , and not everyone to cause inflation. If about 60 percent and upwards will receive it ,then you can start talking about inflation.

You're blinded by figures

Very funny man. You call a chartered accountant ignorant in matters of wages, finance and inflation. Anyway this is public forum. Have you ever heard of consequential adjustment? No further mention please.

triplechoice:
Which consequences?

You think 500k of today still has value?

Your naira is almost as worthless as tissue paper. These days,it doesn't exchange for much with other major currencies of the world, the dollar and pounds.

The actual value of your 500k is 3 times less in value than what it was a year ago. But because your mind is still stuck in the past when 500k was worth something, you still think paying that amount as minimum wage is too much money. It's not.

What can you get from the market these days with 500k that can match up with what you got a year ago? Is it food, clothing, transport or what?

The actual value of a nation's currency is what it can get for you from the market and not the figures attached to it.There are some African countries whose citizens are being paid millions in their local currency which when converted to naira will give you less., thousands in naira ,instead of millions. That's exactly the same situation the present government as created in Nigeria after floating the naira.

Tinubu led federal government has created an imbalance in the system and the only way to balance things so the economy doesn't crash in the long run is to increase wages to meet up with the current economic climate. Purchasing power is not like before.

Anything less than 250 to 300k we lead to more problems for the economy.

Manufacturers in this country are already complaining that their products are pilling up in their ware houses because of little or no saies yet you're here talking of consequences based on your theoretical understanding of what you read in an economic textbook which doesn't apply in real life.

If the naira still has much value like before and there's no inflation in the country,then, it may lead to consequences if minimum wage is increased to 500k. But unfortunately your naira is almost as worthless as shit money and so, 500k is nothing and won't result to that you fear may happen.

All these your epistle is meaningless. If the least paid worker earns 500k, the middle earners will most likely earn #2m - 5m. A GM will most likely earn #50m. The employers that will pay them will pass them on to the prices of their products and services. Then a packet of the cheapest biscuit will be #1,000. Landlords will increase average rent of a flat from present #600k to #2m.

What will be the worth of your currency and what did you gain by high wages.

Labour is just playing to the gallery to please the public. They know that their figures are unrealistic.

OkpaNsukkaisBae:
500k can't do much in this economy.

You can go ahead and pay #1m and face the consequences.