GloriousGbola:


https://igberetvnews.com/1364182/rape-accusation-bola-aseyan-released-meeting-bail-conditions/#forward

As a naija matter she is probably walking free somewhere right now.

Segedinho:

So why do you expect the allocation to be thesame or lower when the naira is worth less compare to before.

So what is there to hold d state gov for, if #1000 naira item is worth about #10,000 now?

Shaytun:


I’m sorry but you are not making sense.

Articulate your thought well, and construct a proper response.

iamoyindamola:
Them say make una hol your government blokos🤣🤣🤣🤣

Segedinho:


Why will it make sense.

I forgot that the purchasing power of naira is the same irrespective of its rate vs dollar...

Shaytun:


What does the purchasing power of Naira have to do with Dollar.

They need to make Economics a compulsory course for all this Secondary school graduates.

Segedinho:

What was the cost of imported items under PDP when dollar rates was relatively OK vs now


Agba-economist

BlueRayDick:


Even seun confirm say renewed hope don kick bucket

A40:
Of which this our hurdler chic. Tobi Amusan

https://www.google.com/amp/s/punchng.com/hurdles-world-record-holder-amusan-charged-with-anti-doping-violation/%3famp

They said she missed 3 tests in a year. Let's hope she's clean. I want to believe there's a logical explanation for missing that many tests cos 3 is a lot.

iamoyindamola:
Them say make una hol your government blokos🤣🤣🤣🤣

Shaytun:


Please focus on making banger statement.

Intellectual discussion is not your forte.

Theflint1:
I might be wrong, but I think the federal government gets up to 70% of the allocation shared in the country.

Segedinho:

I have been typing with less attention and concentration...

I am free now...



Oga economist.


You want us to hold d gov responsible due to the fact that Bala blue allocated 1.9tr abi


Now look at it this way.

What is the worth of the 1.9tr wch is stupid in the face of today's dollar vs the less allocation wch was relatively decent vs dollar ...?

I think paying 500k per month presently is way less than paying 350k when items and groceries where extremely affordable.


How did dollar came in

We are dead in importation and our lives revolves round importation partially....dollar is the main currency that determines our market......

So...shouting 1.9tr as a record allocation is laughable when in reality it is worth less...

Major reason I asked you to convert to dollar and then compare with the past b4 displaying or flooding the group with your wassap assignment...


Do I have to be an economist to understand how dollar rise plays a major role in our existence as a Nigerian??

Let's pause the harmful effect of fuel hike in the decent usage of the bloody 1.9tr Nigeria naira

Segedinho:

I have been typing with less attention and concentration...

I am free now...



Oga economist.


You want us to hold d gov responsible due to the fact that Bala blue allocated 1.9tr abi


Now look at it this way.

What is the worth of the 1.9tr wch is stupid in the face of today's dollar vs the less allocation wch was relatively decent vs dollar ...?

I think paying 500k per month presently is way less than paying 350k when items and groceries where extremely affordable.


How did dollar came in

We are dead in importation and our lives revolves round importation partially....dollar is the main currency that determines our market......

So...shouting 1.9tr as a record allocation is laughable when in reality it is worth less...

Major reason I asked you to convert to dollar and then compare with the past b4 displaying or flooding the group with your wassap assignment...


Do I have to be an economist to understand how dollar rise plays a major role in our existence as a Nigerian??

Let's pause the harmful effect of fuel hike in the decent usage of the bloody 1.9tr Nigeria naira

larride:


52.5%

BlueRayDick:


Na only u and the two people wey like this comment actually understand wetin u dey talk o

larride:


Lol

Shaytun:


What does the purchasing power of Naira have to do with Dollar.

They need to make Economics a compulsory course for all this Secondary school graduates.

Melvyn11:
Even if you convert to dollar. June: 787billion/ 460 is $1.7B. July: 1.9Tril/760 is $2.6Billion.

Segedinho:

You will definitely not understand cos u didn't follow d convo from d 1st..

Shaytun =Hold gov Brokos and live FG cos he allocated 1.9tr to states gov.

Sheg=Convert d naira to dolls with the official rate...do dsame with his predecessors..b4 making such statement

Shaytun=do we make use of dollar?? Why should I?

Sheg= dollar determines Nigeria market to some extent.if we ain't tasked to hold state gov b4...why now when the allocation is roughly dsame using purchasing power of naira as a yardstick.


Summary..

monerozi5590:
This is a better time to increase the minimum wage to meet the reality on ground. The committee should speed up and conclude this thing ASAP. Most of our states governors are very corrupt but with this, their excuses of we can't pay minimum wage will be minimal at least.

BlueRayDick:


I think I understand u better now. I think what u should've just pointed out is that inflation rate now has made whatever FG is allocating less valuable than what his predecessors were allocating in the past ( that's is if the inflation rate has actually jumped up compared to what obtains under his predecessors)

It's the way u kept on mentioning "convert it to dollars", that made Ur point confusing at first.

BlueRayDick:
I laugh each time I hear "let them increase the minimum wage ". Something that will not even scratch the surface.

How many people are civik servants who are bound by the minimum wage? How will increase in minimum wage favour a cleaner of a bank who earns 30k monthly? Do u think the bank will just increase the cleaner's wages to 50k because FG has pegged minimum wage to 50k? .

Before u talk about multiplier effect, u need to even consider the total number of people that are in government's employ to those who are either self employed, unemployed, under employed and those employed in private enterprises/companies.

And so u know, most state governments will not pay the new minimum wage and there's nothing the FG will do to them. Jigawa, Ekiti, Eboyin, etc will not pay minimum wage even if states like Lagos, Rivers state etc do. How multiplier effect wan take change anything for the general economy?