₦airaland Forum

softtorce:
How will it then render Abia worker still earning 18K. Their own go pass redundant na to render them into lunatics

Let the Abia NLC face their governor

When it comes to petrol and exchange rate, state governors don't have a say

You get it?

Floating of naira and increment in pump price knocked down the economy

Mention just one state governor who float the naira or increase the fuel pump price

Ttalk:
How much is your governor paying.if you fall into category of governors that pay 18k, go and give advice to your governor

It's not the state government that float the naira and increased pump price putting the Nigeria economy into shambles

Let the federal government increase minimum wage to 200k and the state shall follows

Seyi Makinde is the governor of my state maybe I give you his number to ask him

Minimum wage supposed to be over 200k based on current inflation

Under GEJ, minimum wage is 18k but it will buy 2 bags of rice at 7k - 7,500 that you will still have some balance left

Today, a bag of rice goes for 100k which means minimum wage cannot even buy 1 bag of rice


18k naira in 2015 = $83 (blackmarket)

80k naira today = $47

The real value of money is the purchasing power of money

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OneCandleAway:
Try travelling daytime. At least incase you need to run there'll be daylight to see where you're running to.

No guarantee even with daytime travelling

Personally I love night trip for long distance trip because it makes your body calm and everywhere will be very cool

It's quite unfortunate that insecurity has taken over everywhere across Nigeria

CodeTemplarr:
Production is a good way out but in the absense of production it will make sense to make imports very expensive. Especially for basic consumer goods and luxuries. That will drastically reduce the demand for supply of forex and afford the govt the dollar to defend the naira deeper.

Lemme see your SSCE result to see what you gat in economics
.thank you

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Minimum wage: Calculated in naira, & paid in naira

Price of Fuel: Calculated in dollar, & sold in world market rate to Nigerians

Who is deceiving who?

Nigeria economy cannot survive with all these mumbo jumbo policies

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