LegendHero:
In 2023 for example, Oyo state wage bill was 7.2bn monthly. Let’s say they increase from 30k to 100k, it means the wage bill will roughly shoot up to 16bn for example. It’s not going to increase 3 fold like that due to the calculation being used.

For Feb 2024, Oyo received 10bn net allocation from FAAC. So that means the 16bn wage bill will be up to 50% more than their monthly FAAC.

And I am even being generous with the 16bn wage bill.

seunmsg:
Thank God. Going on strike again is absolutely senseless. Glad to see that common sense has prevailed.

LegendHero:


You are even more dumberr than I initially thought.

In the PremiumTimes news you shared for 2017, it stated clearly that Oyo wage bill was 63billion per annum which stood at 5.25billion monthly.

If you believed the report of 5.25 billion wage bill in 2017, why can you not believe 7.2billion in 2023? Do you know that as at 2017, they were still paying the 18k minimum wage?

So what exactly are we arguing here? Do you just create argument for the fun of it?

Kukutente23:

You see how you enjoy fooling yourself? I've been telling you the figures are not reliable. You saw 63bn in 2017 and you jumped at it while you discounted the workforce figure of 40,000. So if the wage bill was N63bn for 40,000 in 2017, 2019, same 63bn was for 100k, then 2023 84bn for 115k, how does any of the it make any sense to you? You also deliberately became blind to the fact that Oyo is not 5 or 6 on the list of states and wage bill.
However, that's not of concern. The important thing is your stinking hypocrisy as usual. You're fixing your attention on Labour's demand of 250k as unreasonable. Is 62k reasonable from the govt side given Nigeria's economic realities? Inflation rate was 11% in 2019. It is 33% so far this year. Same govt that claims increase in allocation since last year is suddenly too broke to pay reasonable wage from the excess money they generate from subsidy removal and you think they are making sense? Haba!!

Bliztzer:


The gospel according to you. I don't know why I feel like you are trying hard to manage the truth. The same govt that can't afford to pay minimum wage, can afford to give the honourable of the most cowned looters in guise of political senators bumper harvest from nigeirian black gold.

How long do they think this will continue? If your people are hungry and can't longer afford the most basic needs anymore, be sure of unrest and instability. We have never had it this bad.

They are telling us to manage while they re eating fat.

LegendHero:


Lol your delusion is legendary. You’ve been running around since because even in all the arguments, none of it pointed to the fact that Oyo state pay less than 7billion wage monthly. If the premises of our argument lies on the fact that based on Oyo FAAC allocations, they won’t be able to sustain wage of 100k minimum. No matter how you slice the calculations, it’s still impossible because it will eat up all the FAAC allocation monthly and enter into IGR.

It’s like you just jump into argument for the sake of it. Is it that you are always bored so you just ignite baseless and useless arguments?

Now you’re talking about inflation. If they’re earning 30k and you have that much inflation now, do you think inflation will increase or decrease if you set workers salary at 100k?

How exactly does that automatically mean 90% of Nigerians will be able to afford food because governors up the wage to 100k minimum for less than 5% of the total population?

If a company of 50 workers suddenly increase their wage bill 3 fold, what happens to their revenue/profit? Will they raise prices or reduce prices? So how do you expect inflation not to raise if you’re tripling wages while productivity is stagnant?

I have better things to do with my time so please don’t bother responding. This argument is giving me headache already.

Kukutente23:

As I already pointed out, you don't know for a fact that Oyo wage bill is 7bn. I'm saying this because I know when the wage bill became an issue in Oyo state was when Ajimobi played politics with it.

If the allocation has improved as is being touted and Nigeria is saving trillions from subsidy removal, then there's no reason any state will say they can't pay 100k.

Was 30k the reason for the inflation in 2019? You have started with making ignorant statements again. Was there wage increase last year when inflation doubled?

It's obvious a lot of you are just swallowing this shallow and silly idea that wage increase only benefits the workers and brings nothing but inflation in the macroeconomic environment. Well, that's APC propaganda as usual.

Historically one of the means by which the US exited the great depression was by increasing worker's wages. In 1999, the OBJ govt reflated the economy by increasing minimum wage from 700 to 3500. One obvious thing wage increase does to the economy is to increase the purchasing power.

The people closest to the poorest are the same workers. When you put money in their hands, they spend more on consumable most of which are provided by the poorest. How many rich people eat local rice, garri or yam? The minimum wage spreads throughout the economy because it rejuvenates the spending power of the middle class who are the most critical segment of the economic strata.

I know a family of four who have stopped eating spaghetti since last year when this renewed madness started. With that, the pasta industry has lost potentially a carton of spaghetti every month! Imagine that family gets enough money to afford spaghetti again. That will increase demand for spaghetti which means more sales for the market woman who sells spaghetti as well. That's productivity you're talking about!

You can see how that wrongly assumed 10% is critical to the economy. I challenge you to bring up an analogy that can get money into the hands of the middle and lower class faster than this proven means. Your SIPs are just looting mechanisms as has been proven over and over.

So it also goes for investments and projects. More money in the hands of civil servants means some will buy cars, build houses and/or start small businesses. It's called incentive to spend or invest vs incentive to save in microeconomics.

So looking at minimum wage from the narrow prism of the primary beneficiary is simply agbado propaganda.

And stop giving yourself headache with your narrow arguments. When you're unstable and being called out, there's no way you won't have headache. You advocated for wage increase instead of opposition to subsidy removal when subsidy was removed last year. This year, you're singing a chorus of states can't afford wage increase. Which one you dey?!!

PresidObi:

So what is the solution reached to stop the strike?

LegendHero:


So how much do you think they can pay? As an intelligent citizen that you are, can you tell us.

Segxydube:


First ask yourself where they see the billions of money they steal?

Segxydube:


First ask yourself where they see the billions of money they steal?

LegendHero:


What make you think government can pay 100k?

This is exactly why politicians take us for granted. Promise eldorado while in reality, they can’t get things going because real life is different from fantasy.

Is it Zamfara that is still struggling with 18k minimum wage to their workers that will pay 100k? Some governors even borrow loans to pay salaries, shey na those go pay 100k?

When you’re all done whyning yourself, you will wake up to reality.

professorPABX:


Let me ask you a question, who are the Nigerian workers?

Millions of Nigerians that will not benefit from the new NLC demand suffer for the shutting down of the economy by the NLC, if it is not handled properly, another group or groups will come out to challenge NLC and create chaos beyond what NLC can handle.

professorPABX:


Who are the Nigerian workers? Unskilled labourers and bricklayers at building sites have been collecting the same daily wage for over a decade. Artisans struggling for daily survival are exempted from NLC demand. Unskilled and skilled Nigerians struggling for survival daily are not beneficiary of NLC demand if approved. State Government and Organized Private Sector cannot pay that NLC demand except about 1% of them that are currently paying above that (=N=100K per month) presently.

Over 70% of Nigeria population is not affected directly and indirectly by NLC demand if granted. The inflation that would be created will affect every Nigerian.

Yet, NLC want to cripple the economy because of their demand not considering those struggling daily for survival. They want to shutdown Airports, Seaports, National Grid and stop banks from operating. They even want to force commercial vehicles from operating but they are afraid NURTW will fight them.

professorPABX:


Who are the Nigerian workers? Unskilled labourers and bricklayers at building sites have been collecting the same daily wage for over a decade. Artisans struggling for daily survival are exempted from NLC demand. Unskilled and skilled Nigerians struggling for survival daily are not beneficiary of NLC demand if approved. State Government and Organized Private Sector cannot pay that NLC demand except about 1% of them that are currently paying above that (=N=100K per month) presently.

Over 70% of Nigeria population is not affected directly and indirectly by NLC demand if granted. The inflation that would be created will affect every Nigerian.

Yet, NLC want to cripple the economy because of their demand not considering those struggling daily for survival. They want to shutdown Airports, Seaports, National Grid and stop banks from operating. They even want to force commercial vehicles from operating but they are afraid NURTW will fight them.

harsysky:



You can regret all you want but you are worse than an illiterate. When the cost of living is high, everyone , absolutely everyone, would demand for increment in salary. The Government should be the one advocating for the economy to balance so as to guide against inflation and not the people. You are seriously worse than an illiterate, hoohaa.

My fear of being an African is having people like you making irrelevant contributions.

Chrisrare:
interesting points.. legendhero do you still think increasing minimum wage to 100k will create more inflation?

LegendHero:


How does senators bumper harvest affect Oyo state allocation and wage bills?

What’s with your straw man argument?

LegendHero:
NLC should up their minimum wage to 700k.

Then strike for 3 years so that Obi can be elected as president in 2027.

That is the reasoning of the headless mob.

No state in Nigeria can pay even 100k minimum wage, I even doubt the FG can pay that amount. When all of you finish your theatrics, you will start being serious.