I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo - Politics (6)

Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,297 members, 8,005,563 topics. Date: Monday, 18 November 2024 at 07:32 AM

I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo (27460 Views)

Nigeria Is Poor, Elected Officials Should Earn Minimum Wage – Soludo / Tinubu: If I Am Elected President, Edo Will Become As Beautiful As Lagos / Bamidele Salam: Reduce Lawmakers By Two-thirds; We’re Too Many, Unsustainable (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Djmandy(f): 12:25am On Jun 13

From what I see, second term go really hard this talkertive

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Samfloxin(m): 1:37am On Jun 13

blacknp:
Is it the president, or the National Assembly that will move it from the exclusive to the concurrent list, many a times most of you talk & write, before you think.

What is the difference between your president and national assembly? Have the members of national assembly refused ur president's demand and desire even if it is to take somebody's wife?

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Samfloxin(m): 1:38am On Jun 13

blacknp:
Please stop exhibiting your cluelessness about the topic.

I don't engage slowpokes

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by blacknp(m): 1:42am On Jun 13

Samfloxin:

What is the difference between your president and national assembly? Have the members of national assembly refused ur president's demand and desire even if it is to take somebody's wife?

Are you not Nigerian? please go and ask your question to the people representing you in the National Assembly.

They would be in a much better position to answer your inquiry.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by blacknp(m): 1:44am On Jun 13

Samfloxin:

I don't engage slowpokes

Do I sound or remind you of your older brother?

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by APOPTOSIS: 2:35am On Jun 13

See BRILLIANT MINDS and the majority of humans in that country supervised the enthronement of Buhari even for the second time...😭😭😭😭
May God forgive you all and most especially those setting Nigeria backward.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by JohnBullMySon: 3:26am On Jun 13

Misterone:
Oga! Get sense small! Government (both state and federal ) employs less than 10% of the population. So what happens to the others? That sales girl, job man etc? What happens to them? (these people make up over 50% of the work force), what happens to the market woman, private businesses etc? You think they will fold their hands and be looking at your stupid face?

Emotional arguments cannot hide fact.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Chikel20000(m): 3:29am On Jun 13

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!

I think Soludo is not just concerned about Anambra but the whole nation.....

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by JohnBullMySon: 3:31am On Jun 13

Mandate1:
keep your Soludo statistics to yourself sir. Why is a Nigerian senator going home with 25m naira monthly and minimum wage can't be increased to 100k? If the minimum wage is meant to be 60k, then senators' remuneration should be dropped by more than 70%

100 senators against millions of workers (At least 10-20 million workers will be paid min wage). Does that sound balanced to you?

Not supporting the senators but even if they work for free, the money recovered will not even solve 5% of the problem.

1 Like

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by zelnababa(m): 6:51am On Jun 13

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!

lolz una no like Truth, the person who is in affairs of things is talking you disappointing.

2 Likes

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by UnitedKingdom: 7:40am On Jun 13

SwissMass:
Ask those in your family where migraine is prevalent

Peter Obi your nightmare giving you migraine

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Misterone: 7:51am On Jun 13

JohnBullMySon:

Emotional arguments cannot hide fact.

Which stupid fact is that! Ghana removed four zeros from the value of its currency, we are trying to add four zeros to ours. Keep deceiving yourself! We are on another trip of devaluation because that's what will happen. Increase in price without a corresponding increase in productivity is what's call devaluation. You will just be happy to see more zeros in your account but you can't buy more than what you use to . Stupid Obi supporters

2 Likes

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Mandate1: 8:19am On Jun 13

JohnBullMySon:

100 senators against millions of workers (At least 10-20 million workers will be paid min wage). Does that sound balanced to you?

Not supporting the senators but even if they work for free, the money recovered will not even solve 5% of the problem.

but starving the citizens will perform wonders? There's something called cyclical flow of poverty. This is what we as a nation is rẹ-enforcing. No business nor economy will boom when the citizen earn penny.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Padipadi: 9:09am On Jun 13

EmperorCaesar:
As a former CBN Gov, He knows best and I'm sure PBAT share same ideology too

They wouldnt approve what State Gov would struggle to pay in the long run

If you disagree with this, just remember than you arent smarter than Soludo

People aren't realizing how rich or poor Nigeria is. Nigeria is only rich in resources and presently poor in earnings.
What's needed is massive production from the big population the country has which is yet to happen. Also, cutting cost of governance especially their earnings and blocking corruption ll help stabilize the economy in next 10-20 years. But politicians that runs the govt now aren't ready for that. Somehow, they were able to pay the judiciary huge fees like them to keep them mute. Guess they settled the military too.
So the case is to hold blokkos of politicians to production and reduction in earnings.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by JohnBullMySon: 9:15am On Jun 13

Mandate1:
but starving the citizens will perform wonders? There's something called cyclical flow of poverty. This is what we as a nation is rẹ-enforcing. No business nor economy will boom when the citizen earn penny.

Earnings is a result of economic growth not the cause. Entrepreneurship and Investments are the only solution to economic growth not salary increments.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by JohnBullMySon: 9:16am On Jun 13

Misterone:
Which stupid fact is that! Ghana removed four zeros from the value of its currency, we are trying to add four zeros to ours. Keep deceiving yourself! We are on another trip of devaluation because that's what will happen. Increase in price without a corresponding increase in productivity is what's call devaluation. You will just be happy to see more zeros in your account but you can't buy more than what you use to . Stupid Obi supporters

Did you understand my first comment at all?

Be diligent to read carefully before replying someone bruh.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Morizo(m): 2:43pm On Jun 13

adamusuleiman1:

https://www.youtube.com/watch?v=SXRyNAQcgLM?si=Hm1XEEcOggJFESdx

https://www.channelstv.com/2024/06/12/i-pity-tinubu-if-he-approves-unsustainable-minimum-wage-soludo/

Hypocrisy and Soludo are interchangeable. You didn't pity Tinubu when he approved 160 million SUVs for each legislator

You did not pity Tinubu when he approved 21 billion to renovate VP residence

You didn't pity Tinubu when he started a coastal highway of 17 trillion to last 8 years plus

You didn't pity Tinubu when his obnoxious policies has made over 14 large scale companies to relocate from Nigeria in the past one year

You are an hypocrite and elitists class. You didn't what local government autonomy so you can continue to pocket their money

This man is just a typical Nigerian politicians

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Konquest: 3:10pm On Jun 13

adamusuleiman1:

https://www.youtube.com/watch?v=SXRyNAQcgLM?si=Hm1XEEcOggJFESdx

Governor Charles Soludo warned that an unsustainable wage might lead to job losses and spiral economic challenges in the country.

The former Governor of the Central Bank of Nigeria (CBN) warned that not all state governments and the Organised Private Sector can pay the N62,000 being proposed by the Federal Government and the N250,000 demand of the Organised Labour.

Soludo, who was Speaker from 2015 to 2019, made at The Platform Nigeria, a programme by Lagos-based church, Covenant Nation, to mark the 2024 Democracy Day.

He warned that an unsustainable wage might lead to job losses and spiral economic challenges in the country.

https://www.channelstv.com/2024/06/12/i-pity-tinubu-if-he-approves-unsustainable-minimum-wage-soludo/

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Tompson88: 5:29pm On Jun 13

Please educate me more on how you arrived at this your calculations sir,how do you get those 0.5?

JohnBullMySon:

I'm sure you know better than Soludo

Nigeria's GDP per capita is 2162

2162/12 = 180 output p/m in USD

180/0.5 fact out profits est = 90 avg wage est

90/0.5 optimistic avg wage min wage gap = 45

45* 1.4 =63k min wage est thats before factoring in corruption and other inefficiencies within the system.

The internet is where the uneducated think they know more than the educated.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Adaisback(f): 7:32pm On Jun 13

Sapasenator:

bia Ada, mu na gi aburo kwa ogbo! sa anya gi na nmiri!

a na'me nu

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Sapasenator: 7:57pm On Jun 13

Adaisback:
a na'me nu

Ada, A na'm a chokwa nwunye ! I ga nu'm

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by JohnBullMySon: 9:43pm On Jun 14

Tompson88:
Please educate me more on how you arrived at this your calculations sir,how do you get those 0.5?

Since GDP = Total revenue generated.

GDP per capita= average revenue generated per person.

The first 0.5 is me estimating the percent of average revenue going to salaries. It is likely less than 0.5 because I used US economy as an estimate. US is 0.53. High income EU countries are around 0.45 to 0.5

The second 0.5 is me saying that minimum wage is half of average wage. From statistics it ranges from 0.3 to 0.6 for countries with high living standards.

These are very optimistic estimates so I don't see how enough money can circulate to pay above 50-60k.

They only option left is to add more money into circulation which then devalues the currency and things get worse.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Adaisback(f): 6:35am On Jun 15

Sapasenator:

Ada, A na'm a chokwa nwunye ! I ga nu'm

So that you can be telling me shut up! Enter kitchen !! at any slightest provocation. If you come vex, you fit cut off my ears like ndi umu nna gi, ndi IPOB . I no gree

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Sapasenator: 6:40am On Jun 15

Adaisback:
So that you can be telling me shut up! Enter kitchen !! at any slightest provocation. If you come vex, you fit cut off my ears like ndi umu nna gi, ndi IPOB . I no gree

Inukwa, you don't know what you are missing.

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Adaisback(f): 8:56am On Jun 15

Sapasenator:

Inukwa, you don't know what you are missing.

akuko . If you have seen me before, you will know you are the one actually missing. Am a bride for the king grin

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by AlhajiCSO: 9:01am On Jun 15

Adaisback:
akuko . If you have seen me before, you will know you are the one actually missing. Am a bride for the king

i want to drink your breast 😭😭😭

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Adaisback(f): 11:31am On Jun 15

AlhajiCSO:
i want to drink your breast 😭😭😭

nwokem zukwanuike ka ekpere lu'olu n'isi gi

1 Like 1 Share

Re: I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo by Tompson88: 4:01pm On Jun 16

Thanks so much,well understood.

JohnBullMySon:

Since GDP = Total revenue generated.

GDP per capita= average revenue generated per person.

The first 0.5 is me estimating the percent of average revenue going to salaries. It is likely less than 0.5 because I used US economy as an estimate. US is 0.53. High income EU countries are around 0.45 to 0.5

The second 0.5 is me saying that minimum wage is half of average wage. From statistics it ranges from 0.3 to 0.6 for countries with high living standards.

These are very optimistic estimates so I don't see how enough money can circulate to pay above 50-60k.

They only option left is to add more money into circulation which then devalues the currency and things get worse.

(1) (2) (3) (4) (5) (6) (Reply)

N3000 Electricity Tariff Credit Exhausted In Three Weeks / President Buhari Meets With King Abdullah II Of Jordan(photos) / Babangida Suggests Part Time Legislature For Nigeria

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 52
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.