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Nairaland Forum / Nairaland / General / Politics / What They Won't Tell You About The New Minimum Wage (Screenshot) (48021 Views)
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Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Newboss(m): 9:32am On Apr 21, 2019 |
Childofaking: You're not the only nation producing close to nothing. If you want a favorable dollar rate, stop chasing dollar rate. That's what sane nations do. Nigeria will remain backwards until Nigerians stop chasing and start leading. 1 Like |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by amakenny: 9:35am On Apr 21, 2019 |
Built2last: RETROGRESSION IS THE NAME FOR NIGERIA UNDER PRESIDENT BUHARI PROPPED UP BY A SECTION OF YORUBA. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by shadeyinka(m): 9:35am On Apr 21, 2019 |
youghs:Why are you so myopic? All your clothes are imported Your printing papers that make up your books Your erasers that kids use in schools Your phones etc And you say we don't spend dollars!? |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Teacher1776(m): 9:37am On Apr 21, 2019 |
youghs: Do u really mean what u posted, or u are one of those social media users paid by the government paid to make noise and distract people from meaningful issues? A country that depends heavily on importation of both raw materials and finished goods should be gravely concerned about the exchange rate. Why else do u think prices of commodities doubled in the past 4 years? |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Nobody: 9:46am On Apr 21, 2019 |
ariketalks: Please make sure to make research b4 coming to justify a pointless post. We all know the Naira and other currencies have devalued. Even the RUSSIAN Ruble that exchanged for 0.035dollars in 2011 now exchanges for 0.015 dollars in 2019. The OP's points are misleading and we all know it. First , we dont spend dollars in our local markets, we spend naira. For those of us who do online trading , we must have noticed some sort of stability in the naira for the past 9months....infact, the naira just appreciated last week by some 0.03%. It may not look much but when u spend billions, u'll understand its effect. Go and make reasearch, almost all currencies except (dollar, pound and euro) devalued within d last 3years. 2 Likes |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by anonymous1759(m): 9:47am On Apr 21, 2019 |
mauriceju2: What was the price of oil then and now? You guys just look at every opportunity to criticize. Back then #1 is =$1... Why because we produce and export goods. Suddenly we diversify to Oil. what's the current price of oil in 2010&2019. When GEJ had the opportunity to build the foreign reserve he was busy looting now the price of oil is down the only sustainable resource we've. Buhari tired to increase the minimum wage . If you're given 30k return the 12k and tell FG that you're a PDP supporter Nonsense. 2 Likes 1 Share |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by AdeMoss: 9:48am On Apr 21, 2019 |
Is dollars our National currency? If we decide to be self sufficient, we won't be bothered what the exchange rate is. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Teacher1776(m): 9:53am On Apr 21, 2019 |
kitaatita:When i see comments like the one u posted, i weep for our quality of education. Ignorance is the worst master anyone can have. The ceiling fan sold 2500 naira 4 years ago, is now 6000 naira. That is how inflation and unfavourable exchange rates affects your naira. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Childofaking: 10:04am On Apr 21, 2019 |
youghs:Consumption is just one of about 5 components of the Gdp. I won't go into how Gdp is calculated. What I am telling you is that more than 70 % of the things you do with your wages are attached to USD. Did you not know that after the Naira was devalued in 2015, prices of goods responded to it ? Can you remember that a bag of rice was 7k to 8 k in 2015 before devaluation, it is now about 18k. Look at the price of cement that we produce here, it was about 1.5k in 2015 and now it about N2.5k. This is because the Naira lost value against the USD and other currencies. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Neoteny(m): 10:11am On Apr 21, 2019 |
What fool did this? Why do we equate everything with US dollars? Why don't you also compare it with Zimbabwean dollars or CFA? |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by skinnyzsam(m): 10:17am On Apr 21, 2019 |
youghs: But foreign trade has a direct influence on Nigeria production, purchases and economy..... If you doubt this point ask yourself this simple questions When dollar was as low as #150 What was pump ⛽ price? Inflation rate? What was the unemployment rate? standard and cost of living rate We don't spend dollar but it has a great influence on almost everything in our dependent nation who depends largely on foreign consumables. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by maxzzo1(m): 10:18am On Apr 21, 2019 |
youghs:You totally wrong how much was fuel ,rice even bread in 2014 compare now |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Ofemannnu: 10:20am On Apr 21, 2019 |
lol |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by crafteck(m): 10:22am On Apr 21, 2019 |
ariketalks: Was about saying this 1 Like |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Kenturkey048(m): 10:35am On Apr 21, 2019 |
mauriceju2:help me ask the dumb asses..the enemies of our national growth,,the've succeeded in taking us back to 1999,I think they are all happy now..they should state one mistake that Jonathan did that Buhari haven't done 10times yet they kept mute and applaud him..they are celebrating mediocrity,,jubilating over a step that would cause more sufferings.... |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by BiafraIsFree: 10:39am On Apr 21, 2019 |
Another budget padding year.
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Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by BiafraIsFree: 10:43am On Apr 21, 2019 |
The biggest scam ever maxzzo1:
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Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Kenturkey048(m): 10:44am On Apr 21, 2019 |
anonymous1759:he was busy looting yet he has no private university ,,your Mr integrity his planning to join is colleagues with his..you people keep saying GEJ looted how?? When we start telling ourselves the truth ,,the better for us... 1 Like |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by agabaI23(m): 10:47am On Apr 21, 2019 |
youghs:Your argument would have been valid if we produce everything we use in this country. 1 Like |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Pavarottii(m): 10:49am On Apr 21, 2019 |
youghs:This one is not learned... If I want to buy TV the cost of tv would be priced at d rate of dollar or Naira? |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by AbuMaryam1(m): 10:50am On Apr 21, 2019 |
Nigerian workers add nothing to the economy rather than destroying it. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Kenturkey048(m): 10:50am On Apr 21, 2019 |
youghs:you don't quote people like this...check out his age..he should be within 18-22 age bracket..but if he is more than.,and still think this way...??hnnnmmm..I rest my case. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by PeacenLove2: 10:51am On Apr 21, 2019 |
Iceness: I agree that under this economy with the current rate of inflation, an average worker should earn nothing less than 60-70k. Otherwise in order to make ends meet, he will have to cut corners. In other words, the situation is still a mess |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by BiafraIsFree: 10:57am On Apr 21, 2019 |
If Nigeria jihadists unknown police and soldiers at checking points collect 3000k from you, what will you do? BlackfireX:
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Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by anonymous1759(m): 10:59am On Apr 21, 2019 |
Kenturkey048: Private University is too little for Mr GEJ. Alison Madueke can afford that. You're the one lying to yourself if you think GEJ is a saint. He didn't loot, the foreign reserve was messed up despite the high oil price. Please tell yourself the truth. If Buhari is a thief GEJ is an Armed Robber. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Welrez(m): 11:00am On Apr 21, 2019 |
tuniski:The guy suffers from Stockholm syndrome! |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Kenturkey048(m): 11:02am On Apr 21, 2019 |
Budex40:oga we don't spend dollar in our local markets.but our pricing on local markets are based on the present exchange rate..that's what the argument is all about..the op only meant when the exchange rate was lower than this,minimum wage was above 100dollars,,now that the exchange rate is a bit higher ,minimum wage is not up to 100dollars...everything you buy are priced on dollar rate..even to the extent of people selling palm oil,justifying their hike with exchange increment. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by etrouble: 11:03am On Apr 21, 2019 |
mauriceju2: Children of hate and anger. You are still suffering from post election lost trauma and depression. If you don't watch yourselves, you will develop psychiatric disorders and mental imbalance, then you shall find yourselves nakked at Idumota market. In 2015, you were trashed at the polls. In 2019, we humiliated you. Come 2023, we shall send you out of Nigeria. |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Kenturkey048(m): 11:03am On Apr 21, 2019 |
anonymous1759:okay sir....i want one thing from you...state one property he acquired during his six years..or explain how he looted for me .... |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Nobody: 11:18am On Apr 21, 2019 |
Kenturkey048: Still doesnt make sense to me. Our Local Markets arent affected by dollar hike, rather they affected by fuel price.Dont let these thieving Traders fool u. The idea of selling a bag of garri for cheaper is evidence. Garri is far cheaper than most staples.Up north , u'd even buy a bag of sweet potatoes for 2k. I still buy meat for #100, #200 here in the North. In Lagos, i cant buy meat for #300. Na we dey do ourselves 1 Like |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Nobody: 11:20am On Apr 21, 2019 |
HitSong: Sorry ooo... Mr Man |
Re: What They Won't Tell You About The New Minimum Wage (Screenshot) by Kenturkey048(m): 11:23am On Apr 21, 2019 |
Budex40:okay if you say so...but everything still come down to wetin we dey yan..now u said prices are affected by fuel process..and one of the major determinant of oil pricing na exchange rate... |
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