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Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1987270 Views)
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Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:30pm On Jul 19, 2023 |
Governors are evil today.. But you been dey hail wike in Feb🤠4 Likes |
Re: EPL Chatroom - All Discussions by BlueRayDick: 7:32pm On Jul 19, 2023 |
liveLongNprospa: Just dey play |
Re: EPL Chatroom - All Discussions by Segedinho(m): 7:36pm On Jul 19, 2023 |
monerozi5590:The question remains...what is the realistic amount do you think would be ideal? 2)How many states would be willing to enforce such a directive? 3)would there be a reduction in d tax of private coys to enable them meet up The brain that wanted to disburse approx 52 naira per day to a 5 membered-family will definitely not meet up with d amount you have in mind for the min wage. 1 Like |
Re: EPL Chatroom - All Discussions by monerozi5590: 7:46pm On Jul 19, 2023 |
Segedinho: I did a rough calculation when GEJ increased the minimum wage against the dollar. I did that of Buhari too in relation to dollar. So, going by the current exchange rate. I used average of 800 Naira to a dollar. Nothing less than 80/90k. |
Re: EPL Chatroom - All Discussions by Segedinho(m): 7:50pm On Jul 19, 2023 |
monerozi5590:Question 1 answered.. How do we achieve 2 and 3....?? |
Re: EPL Chatroom - All Discussions by BlueRayDick: 7:50pm On Jul 19, 2023 |
Let's take Lagos state the most prosperous and populous state in Nigeria as case study. I don’t have the current data , but as at 2017 the head of service confirmed Lagos state government has around 100,443 staff under its employ. NOTE: This was at a time when people are already claiming Lagos population has exceeded 15 million o. That means less than 1% of Lagos state residents are employed by LASG and will be affected directly by the proposed minimum wage increase . How that one wan take change anything ? 3 Likes 1 Share
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Re: EPL Chatroom - All Discussions by Roland17(m): 8:07pm On Jul 19, 2023 |
Ibime: She is on her own. How many suspended Nigerian athletes have you seen get support from the federation? Most of them suffer the penalties and by the time they return, the sport has moved on. Last year Blessing Okagbare suffered 10 years as a first timer which is unusual. The worst is that the federation doesn't even have a strong testing program that will help these athletes avoid situations like these. |
Re: EPL Chatroom - All Discussions by raumdeuter: 8:19pm On Jul 19, 2023 |
Segedinho: Monthly allocation has almost tripled between April and now Has exchange rate also tripled between April and now? |
Re: EPL Chatroom - All Discussions by Theflint1(m): 8:21pm On Jul 19, 2023 |
Melvyn11:And what did FG allocation increase by as well? |
Re: EPL Chatroom - All Discussions by raumdeuter: 8:21pm On Jul 19, 2023 |
Ibime: Most of them no know anything beyond shouting and wailing for effects The Same people that shouted for govt to float Naira and remove subsidy are now crying when the effect of what was clamored for hit them Below is Oby Ezekwesili
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Re: EPL Chatroom - All Discussions by monerozi5590: 8:23pm On Jul 19, 2023 |
Segedinho: Number of states. That I don't know. Your number 3 question. We have discussed that before, maybe you forgot. Production guys will increase prices of their goods. Same with services. They will tax oh. How much is the price of bag of pure water in your area now? |
Re: EPL Chatroom - All Discussions by Theflint1(m): 8:23pm On Jul 19, 2023 |
liveLongNprospa:It is. |
Re: EPL Chatroom - All Discussions by Shaytun: 8:25pm On Jul 19, 2023 |
BlueRayDick: Thank you very much, I don't get this undue fixation on Dollar. What determine the purchasing power of a currency is it's ability to buy goods and service, so factor's like inflation, Money supply etc are what will determine your currency strength not dollar. 1 won = 0.6 Naira. 1 Dollar = 1,300 Won Does that make the south Korean won weaker than the Naira, and have less purchasing power? The only time Dollar will figure in currency strength is when you are doing a purchasing power parity (PPP). 3 Likes 1 Share |
Re: EPL Chatroom - All Discussions by Shaytun: 8:29pm On Jul 19, 2023 |
monerozi5590: Nope Dollar has nothing to do with your Purchasing Power. Inflation, Money supply, interest rate determine the Purchasing power of your currency not dollar. As long as you are not spending dollar as your local currency, the salaries of civil servant will not be paid in FX. |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 8:30pm On Jul 19, 2023 |
raumdeuter:Because you are here to experience it doesn't mean those who supported it won't backtrack Larride didn't support it initially, but he came to agreement and now he's gone back to his initial stand You guys should consider us that are suffering it, seun must have felt it too for him to open up 3 Likes |
Re: EPL Chatroom - All Discussions by Segedinho(m): 8:31pm On Jul 19, 2023 |
raumdeuter:This isn't about Tinubu vs Tinubu..baba . . It is about Tinubu vs others.. If we weren't tasked to hold d gov "blokos" then...why now when the naira is more useless? Na d simple matter bdat oo.. He believes Tinubu first 100/still counting days has been the best since Democracy landed in Naijerya... |
Re: EPL Chatroom - All Discussions by raumdeuter: 8:37pm On Jul 19, 2023 |
Segedinho: Was Tinubu president in April? Was he president in 2022? Compare amount they got in July 2022 to July 2023 and let's see Tinubu removed subsidy and gave more money than ever to state governors Why are you reluctant to hold Obaseki for blokos when he don go Abuja to collect money on your behalf as constitution demands |
Re: EPL Chatroom - All Discussions by raumdeuter: 8:41pm On Jul 19, 2023 |
iamoyindamola: Ask those who support subsidy removal and floating of currency who shouted about it what they really expected. Are you saying they just latched onto a fancy sounding word on the internet while not knowing the meaning. Unfortunately govt policy making is not Xmas light that can you be switching off and on at will This was what I expected. No more payment of subsidy and incurring debts doing so, the money saved will be passed to the people through their governors |
Re: EPL Chatroom - All Discussions by monerozi5590: 8:41pm On Jul 19, 2023 |
Shaytun: International trade mostly is done using dollars. You were importing at ₦400+ to dollar before and now at ₦700/800+. Won't that cause inflation? |
Re: EPL Chatroom - All Discussions by Segedinho(m): 8:43pm On Jul 19, 2023 |
Shaytun: Does d SK imports more than half of their items using dollar as a yardstick. You forget in a very short time when you were disturbing the thread with I&E dollar rates so quick Why does items in Nigeria skyrocket when the dollar is angry Irrespective on how you twist in...Stupid Nigeria naira's purchasing power is tied to the mood-swing of the dollars cos we rely "wholeheartedly" on import.. You talk with both side of your mouth and it isn't funny...die hard fans in oasis and larride thinks and says the truth irrespective of their irrevocable supports for BAT but for you....we die here as if you live in Pluto.... 10 Likes |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 8:45pm On Jul 19, 2023 |
raumdeuter:They expected some arrangements to serve as back up or alternative What do we have ? Approving 70bn for furniture repairs and maintenance 104% increments while the civilians suffer for everything |
Re: EPL Chatroom - All Discussions by Segedinho(m): 8:46pm On Jul 19, 2023 |
raumdeuter:What was the official rate of naira vs dollar then. Mind you,more money was expended for subsidy......more burden to be let off..... So how do we shower encomium when even the 1.9tr purchasing power is useless |
Re: EPL Chatroom - All Discussions by raumdeuter: 8:48pm On Jul 19, 2023 |
iamoyindamola: Who approved the 70bn? The same APC, PDP and LP legislators you voted I would expect the angelic LP to reject theirs 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 8:49pm On Jul 19, 2023 |
Segedinho: Official rate is govt subsidizing the rate No more official anything go and source your dollar where everyone else does What we save from subsidy we hand over to your governors. Go and hold them |
Re: EPL Chatroom - All Discussions by Segedinho(m): 8:51pm On Jul 19, 2023 |
What is purchasing power? If the cost of 20 karat gold is worth 1m when dollar rate was 400 tob 1 dolls and now 1.9 m when dollar rates rises to 840...... Do we say the purchasing power of the naira is thesame... Better still how does dollar rise causes inflation on a naira spending country 5 Likes |
Re: EPL Chatroom - All Discussions by monerozi5590: 8:55pm On Jul 19, 2023 |
Shaytun: Everything is in relation to dollars. What's the minimum wage of South Korea to the dollar? Our minimum wage is poor when you compare it to the dollar. |
Re: EPL Chatroom - All Discussions by raumdeuter: 9:04pm On Jul 19, 2023 |
Segedinho: When was dollar rate genuinely 400 and not govt just padding it up for us? |
Re: EPL Chatroom - All Discussions by Shaytun: 9:07pm On Jul 19, 2023 |
monerozi5590: A very interesting Question. What you are describing is imported inflation, which could also lead to depreciation in purchasing power. But if you look at the Nigerian market, you will notice that the pass through effect is very low, most domestic importers in Nigeria absorbs the changes in the exchange rate rather than pass it to consumers. Take a close look at the profit that will declared by most FMCG companies in Nigeria in this quarter or next quarter and you will notice that they will make make less profit in proportion to their sales than last year. It’s the same reason inflation didn’t really rise much when the dollar went up under buhari till he ask emefiele to print 37 trillion Naira in overdraft. Nigeria has never suffered from imported inflation. |
Re: EPL Chatroom - All Discussions by Shaytun: 9:09pm On Jul 19, 2023 |
raumdeuter: Exactly. The parallel market has always been around 700. The people that benefited most from 400 exchange rate were PTA/BTA people |
Re: EPL Chatroom - All Discussions by Shaytun: 9:15pm On Jul 19, 2023 |
monerozi5590: That’s not how economics work brother, stop rushing to convert things. A bottle of Pepsi cost around $3 in US which is around 2,250 naira. That same Pepsi cost just 250 naira in Nigeria. How many bottles of Pepsi can a Nigerian earning minimum wage of 30,000 buy compared to an American minimum wage? 4 Likes 1 Share |
Re: EPL Chatroom - All Discussions by monerozi5590: 9:16pm On Jul 19, 2023 |
Shaytun: Did you know why the Buhari's administration didn't float the currency even when World Bank asked him to? It is because of inflation. I am not against floating because government was already spending huge amount subsiding forex already but freely floating your currency will cause inflation. One at a time. Subsidy was removed. Maybe wait for sometime before floating the Naira. Nigeria import much more than export. In fact we are an importing nation for now. FG will intervene at some point in the forex. |
Re: EPL Chatroom - All Discussions by Segedinho(m): 9:16pm On Jul 19, 2023 |
raumdeuter:So why must we hold the gov "blokos"this time around when floating d naira had made our currency 100% useless |
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