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Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 - Politics (3) - Nairaland

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Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by babaRUNtinz(m): 8:50pm On Jun 17
Put am for 1million,it doesn't change anything.. The higher we go,the costlier it becomes.

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by ThiefnubuBandit(f): 8:55pm On Jun 17
humblespirit:
Can u pay your house help 104000??
If u can't pay it dont force employers of labours to do so.

People like you are like a curse to the African Continent.

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by YouAreNobody: 9:01pm On Jun 17
Bobloco:
Tinubu is only interested in giving Nigerians a starvation wage

aswear, he wants to give just the bare minimum that'll keep Nigerians alive so by next election he'll throw af ew crumbs around and his agbado urchins will hail him to high heavens, vote for him and continue another 4 years of suffering

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by ceejayluv(m): 9:02pm On Jun 17
They're using 2019 as benchmark... By 2019 Buhari had already scattered the economy. They should use the standard of living and currency strength in 2014 . I did that and arrived at ₦180k minimum wage.

1 Like 1 Share

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Omalicious1: 9:10pm On Jun 17
Racoon:
https://guardian.ng/market-realities-peg-ideal-minimum-pay-for-nigerian-workers-at-n104400/ nlfpmod

But what amazes me is the speed with which they use in implementing anything that would favour them. Nigerians are suffering.

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Exceed15: 9:12pm On Jun 17
New York times describe the current situation as the worst in generation. Tinubu had always aspired to be president and became the worst in the history of Nigeria.

Come 2027 even APC supporters will be hiding to vote that's if they survived this present hardship.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 9:14pm On Jun 17
babaRUNtinz:
Put am for 1million,it doesn't change anything.. The higher we go,the costlier it becomes.
So, the reason prices are higher today is because your government and politicians gave themselves fat raises to compensate for the devaluation of the Naira and inflation? undecided

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 9:15pm On Jun 17
ceejayluv:
They're using 2019 as benchmark... By 2019 Buhari had already scattered the economy. They should use the standard of living and currency strength in 2014 . I did that and arrived at ₦180k minimum wage.
The current minimum wage was set in place in 2019. undecided
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by digitaldynamo00: 9:21pm On Jun 17
Kwaramustgoodag:
100k or strike

Dey play
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by digitaldynamo00: 9:23pm On Jun 17
BigDawsNet:
Algerian Minimum wages. 219,995.31
Egypt Minimum wages 108,795.55
Mozambique minimum wages 134,623.84
Morocco minimum wages 444,286.66


Bet why is Giant of Africa own different

Na because say we too plenty grin
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by IbeOkehie: 9:29pm On Jun 17
Kobojunkie:
1. Many prosperous economies equally have minimum wage laws. Economies can function well with or without. This means that your claim that minimum wage is bad for the economy is wrong. undecided

2. The Federal Government does not need to compete against itself as instead, the private sector is there for that. undecided

3. Earlier, I had pointed out that the current international poverty line is $2.15 a day meaning a worker ought to receive at least $2.15 a day to exist at least above extreme poverty.

When a company or business is unable to pay its workers a decent wage, why do you reason that in response it would make sense for the government to abolish a system that causes other companies to pay workers a decent wage to resolve this problem? When a company proves it is non-viable, remaining instead on life support from other sister companies, what do you think is the right thing to do after some time? Do you continue to prop the company up or dissolve/merge it completely with other more viable companies in the same area? undecided

Zamfara is one of the states in the union that has more than proven it is going nowhere fast, a non-viable state in Nigeria. It depends on handouts from the federal government to pay its workers even the amount it pays today. So why would you reason it makes sense to change the minimum wage laws so the state can continue in the non-viable state it has existed in for the longest? undecided

4. How can it emulate countries whose structures and systems bear no resemblance to any of what it has at this point? Shouldn't it first resolve its problems by emulating those with systems and structures in place similar to what it already has before it then tries to go for that even greater than that? undecided

I showed you some HISTORY of how the Minimum Wage became LAW in the USA, which is one of the richest countries in the world. Like it or not, wage regulations suppress the economic prospects of the less competitive or powerful members of the labor pool and it has done exactly that to Black Americans.

Simple FACT... when the price of anything is raised, less of that thing is purchased. There is no argument you can make to get around that. cheesy

The private sector can't compete against the Federal Government because the government can PRINT MONEY....Helllloooo!!!!

Your attitude on Zamfara attempts to sever the link between price and demand.

If States set Minimum Wage and Lagos enforces 600K and Zamfara chooses 50K, I bet you some investor may choose Zamfara over Lagos for a factory or whatever.

But why does it have to be Zamfara or Lagos? Why does it have to be Minimum Wage alone, that's why I also mentioned University education...why not security, energy and everything possible? Why should Benue State be denied the ability to shape its own policies because Akwa Ibom disagrees?

There's no good reason Nigeria should have so much centralization in so many areas of life. It's DANGEROUS and counterproductive. We should allow different states to try DIFFERENT approaches and learn what works.

Lastly the principles of economics are universal. It's clear that Minimum Wage Laws are harmful, especially to the least competitive members of any labor pool.

Exceed15:
New York times describe the current situation as the worst in generation. Tinubu had always aspired to be president and became the worst in the history of Nigeria.

Come 2027 even APC supporters will be hiding to vote that's if they survived this present hardship.

APC will still win in 2027 and 2031 and many decades after that. Nigerians are now a predominantly socialist people and socialist parties never give up power voluntarily anyway.

Good Luck to Nigeria
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 9:39pm On Jun 17
IbeOkehie:
■ Simple FACT... when the price of anything is raised, less of that thing is purchased. There is no argument you can make to get around that. cheesy
Your attitude on Zamfara puts aside the link between price and demand. If States set Minimum Wage and Lagos enforces 600K and Zamfara chooses 50K, I bet you some investor may choose Zamfara over Lagos for a factory or whatever.
But why does it have to be Zamfara or Lagos? Why does it have to be Minimum Wage alone, that's why I also mentioned University education...why not security, energy and everything possible? Why should Benue State be denied the ability to shape its own policies because Akwa Ibom disagrees?
■There's no good reason Nigeria should have so much centralization in so many areas of life. It's DANGEROUS and counterproductive. We should allow different states to try DIFFERENT approaches and learn what works. Lastly the principles of economics are universal. It's clear that Minimum Wage Laws are harmful, especially to the least competitive members of any labor pool.
1. Are you trying to argue that when the minimum wage is raised, there would be fewer people desiring to enter the workforce? Or are you suggesting instead that when the minimum wage is raised, there would be fewer openings for hiring across the country in both the government and private sectors, which one? undecided

2. Price and demand for what exactly? Poverty? Workers, no matter where they work have a right to earn a decent wage. When that is absent, then such employment amounts to slave labor. I will leave this for you to read.
The UN Universal Declaration of Human Rights declared the right to "just and favorable remuneration" in 1948, and the UN General Assembly ratified it in 1966. It became international law in 1976. The International Labour Organization (ILO) also endorses living wages and recommends setting them using "robust data" and consultations with workers' and employers' organizations.

Any company not able to carry its weight and not able to provide a decent wage ought to be dissolved or merged with other states able to meet up. undecided

3. All this textbook jargon you dey spew... shows why you seem so removed from the reality of life and living for many Nigerians.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by bixton(m): 10:19pm On Jun 17
DIVINEEVIDENCE:


I am saying, if we influence parameters of inflation such that the Naira is strengthened and the economy take a massive boost, it will automatically uplift those below the poverty line.

If we can deal with inflation and increase our forex earnings, why would our standard of living not increase?

Increasing minimum wage without a corresponding increase in productivity will further impoverish us and weaken our currency.

The ensuing high exchange rate will make it difficult for manufacturers to import raw materials, leading to layoffs, reduction in value and quality of products as well as increase in price of finished products which will take up the new wage increase for the market to attain equilibrium.

In the end, bread of ₦1500 will be sold for ₦2300 and we'll return to square one.

Meanwhile, we've weakened our currency by injecting it into the system without a corresponding increase in productivity.

Like taking alcohol to drown your sorrows.
Eventually you wake up from your hangover and reality stares you in the face again.

You can choose between keeping yourself perpetually inebriated or squaring your shoulders to tackle the problem once and for all.


It's not NLC that caused the already existing inflation. It's not the duty of NLC to bring up economic policy. Those who is their resoinsiito ensure their policies don't undermine the economy and naira did not put into consideration the ripple effects it would cause when they chose what is causing NLC to demand for a wage that fits the current economic realities.
So let the FG give that current wage that will meet the economic realities and also fix the problems they caused by their trial and error policies.
Lets stop saying an increase in wages will cause inflation. This so called inflation is just an artificial thing.
A sensible, President, Administrator, economist will not solve a problem by creating another problem and blaming it on another.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by IbeOkehie: 10:54pm On Jun 17
Kobojunkie:

3. All this textbook jargon you dey spew... shows why you seem so removed from the reality of life and living for many Nigerians.

grin grin grin

The usual Nigeriana. You remind me of our President Tinubu who in 2015 recommended massive increase of money supply by printing more naira. Then Finance Minister Iweala responded with her own article stating that such a policy would spark hyperinflation, this was Tinubu's next response -

GOOGLE SEARCH - https://www.google.com/search?sca_esv=75e1044184b9e47c&sca_upv=1&rlz=1C1NDCM_enUS837US837&sxsrf=ADLYWIKvgVj47fR0HntSNqDEwyoz14KWXw:1718658765861&q=tinubu+The+Chance+of+Prosperity+vs+Poverty+of+Austerity+by+Tinubu+(THISDAY,+Thursday,+January+29,+2015&spell=1&sa=X&ved=2ahUKEwjdserpxuOGAxX_5MkDHW2AAyYQBSgAegQICBAB&biw=1280&bih=613&dpr=1.5

https://dailypost.ng/2015/01/26/bola-ahmed-tinubu-chance-prosperity-versus-poverty-austerity/

The Finance Minister and other conservatives have responded to my suggestions not by a critical analysis but by flippantly concluding that ruinous hyperinflation would result. This is an old trick of the conservative elite. Their ploy is to frighten the people from the very ideas that will benefit them. They want us to recoil from what might be our very rescue. Because their conservatism is also the economics of the global corporate media, this mythology dominates the airwaves and permeates our economic thinking. People generally have heard but one side of the story. Repeatedly given only one account, they assume that the truth lies in the tale repeated. This article is an attempt to sweep away some of the myths by which the elite steer us from an understanding that befits the national economic interests instead of theirs.

Well APC won the 2015 elections and Buhari as we now know proceeded to print massive amounts of naira. Tinubu himself was elected in 2023 and followed up by printing 2.7 Trillion between June 2023 and Dec 2023. Result? Hyperinflation that we're living with today.

Remember the Udoji Salary awards of 1975? It also caused inflation and this new demand for higher wages will do the same if implemented. It's called Wage Push inflation and it's the worst kind of inflation that can happen to an economy. I'm sure that's all jargon to you anyway.

So you're nothing if not a Typical Nigerian. Na book you go chop?

Good Luck to Nigeria.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by ufotunang: 11:05pm On Jun 17
Bobloco:
Tinubu is only interested in giving Nigerians a starvation wage
... what did you expect from a president that the only thing he could tell nigerians during his presidential campaign that...it's my turn
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by IbeOkehie: 11:50pm On Jun 17
DIVINEEVIDENCE:


I am saying, if we influence parameters of inflation such that the Naira is strengthened and the economy take a massive boost, it will automatically uplift those below the poverty line.

If we can deal with inflation and increase our forex earnings, why would our standard of living not increase?

Increasing minimum wage without a corresponding increase in productivity will further impoverish us and weaken our currency.

The ensuing high exchange rate will make it difficult for manufacturers to import raw materials, leading to layoffs, reduction in value and quality of products as well as increase in price of finished products which will take up the new wage increase for the market to attain equilibrium.

In the end, bread of ₦1500 will be sold for ₦2300 and we'll return to square one.

Meanwhile, we've weakened our currency by injecting it into the system without a corresponding increase in productivity.

Like taking alcohol to drown your sorrows.
Eventually you wake up from your hangover and reality stares you in the face again.

You can choose between keeping yourself perpetually inebriated or squaring your shoulders to tackle the problem once and for all.

Now this is someone who has knowledge of economic realities. But the Typical Nigerian will tell you...Oga no be book we go chop o.....

Good Luck to Nigeria.

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 11:51pm On Jun 17
IbeOkehie:
grin grin grin The usual Nigeriana.
■ You remind me of our President Tinubu who in 2015 recommended massive increase of money supply by printing more naira. Then Finance Minister Iweala responded with her own article stating that such a policy would spark hyperinflation, this was Tinubu's next response -
Well APC won the 2015 elections and Buhari as we now know proceeded to print massive amounts of naira. Tinubu himself was elected in 2023 and followed up by printing 2.7 Trillion between June 2023 and Dec 2023. Result? Hyperinflation that we're living with today.
■ Remember the Udoji Salary awards of 1975? It also caused inflation and this new demand for higher wages will do the same if implemented. It's called Wage Push inflation and it's the worst kind of inflation that can happen to an economy. I'm sure that's all jargon to you anyway.
■ So you're nothing if not a Typical Nigerian. Na book you go chop? Good Luck to Nigeria.
Nah! The typical Nigerian tactic would be resorting to posting gibberish when cornered! 🙄🙄🙄🙄🙄

1. I never said anything about printing money so why would you think to connect anything I said to that statement made by Tinubu in 2015? undecided

2. That you think comparing the minimum wage issue of today to the Udoji awards of 1975 further reveals the level of disconnect in your argument. Udoji was not an attempt to establish a minimum wage but rather an attempt to fairly distribute the loot from oil boom. Yes, an attempt because the government only implemented parts of the report.
Abuja — General Yakubu Gowon, Nigeria's Head of State between 1967 and 1975, has defended his administration's decision to increase civil servants' salaries in 1974, an event that came to be known as Udoji Award.

In September 1974, Gowon accepted the report of the Jerome Oputa Udoji panel on Public Service Organisation, Management and Remune-ration. However, when the report became operational in January 1975, only the salary component of the report was implemented. The rest of the report was allegedly ignored.

3. Keep telling yourself that if it makes you feel better spouting baseless jargons! 🤔

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by IbeOkehie: 11:57pm On Jun 17
Kobojunkie:
Nah! The typical Nigerian tactic would be resorting to posting gibberish when cornered! 🙄🙄🙄🙄🙄

1. I never said anything about printing money so why would you think to connect anything I said to that statement made by Tinubu in 2015? undecided

2. That you think comparing the minimum wage issue of today to the Udoji awards of 1975 further reveals the level of disconnect in your argument. Udoji was not an attempt to establish a minimum wage but rather an attempt to fairly distribute the loot from oil boom. Yes, an attempt because the government only implemented parts of the report.


3. Keep telling yourself that if it makes you feel better spouting baseless jargons! 🤔

The only way the Government can get money to increase wages today is by printing more naira. So your calling for higher minimum wage is exactly the same as demanding for the CBN to print or maybe borrow money.

Udoji Award did exactly what an increase of the minimum wage will do today and what Buhari & Tinubu have been doing since 2015 - inject more fiat money into the system without a corresponding increase in productivity, which leads to inflation.

Your quotes from reports on the Udoji Awards are correct, but the salary increases did lead to inflation. You can't deny that.

Jargon, sounds almost like Jagaban !!!

Good Luck to Nigeria.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 12:15am On Jun 18
IbeOkehie:
■ The only way the Government can get money to increase wages today is by printing more naira. So your calling for higher minimum wage is exactly the same as demanding for the CBN to print or maybe borrow money.
■ Udoji Award did exactly what an increase of the minimum wage will do today and what Buhari & Tinubu have been doing since 2015 - inject more fiat money into the system without a corresponding increase in productivity, which leads to inflation.
■ Your quotes from reports on the Udoji Awards are correct, but the salary increases did lead to inflation. You can't deny that. Jargon, sounds almost like Jagaban !!! Good Luck to Nigeria.
1. That na rubbish assertion! Go out there and tell that to the average individual on the streets of Nigeria and they would look at you like something is wrong with your brain for suggesting it is the only way. undecided

2. Notice how you have conveniently dodged this question of mine over and over again. You refuse to answer the question when posed yet you pretend you say something new or different each time. There has been no minimum wage increase in the last 4 years yet inflation still happened at a rate of over 30%. This means that whether you increase the minimum wage or not inflation can happen. So, are you saying then that this fear of having more inflation — seeing the already high inflation numbers go up —should be reason enough to subject over 160 million Nigerians to life in abject poverty...$20 per month when the minimum wage ought to be at least 68 dollars for meaningful existence?

3. The top echelon of government have all pretty much increased their salaries to meet up with the Naira standard of today and compensate for other shortfalls. Did their salary increase not cause inflation? Why then should we raise alarms only when the people insist they too should get a raise for the same reasons as them? undecided

You keep throwing around inflation as though that should be the priority here ignoring the fact that millions more Nigerians - over 40 million of them - have seen their livelihoods reduce to almost nothing since this administration came into office back in May of last year without a clear end in sight. So, I ask again, why should they care whether inflation will take it all down or not? undecided

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by IbeOkehie: 12:43am On Jun 18
Kobojunkie:


1. That na rubbish assertion! Go out there and tell that to the average individual on the streets of Nigeria and they would look at you like something is wrong with your brain for suggesting it is the only way. undecided

2. Notice how you have conveniently dodged this question of mine over and over again. You refuse to answer the question when posed yet you pretend you say something new or different each time. There has been no minimum wage increase in the last 4 years yet inflation still happened at a rate of over 30%. This means that whether you increase the minimum wage or not inflation can happen. So, are you saying then that this fear of having more inflation — seeing the already high inflation numbers go up —should be reason enough to subject over 160 million Nigerians to life in abject poverty...$20 per month when the minimum wage ought to be at least 68 dollars for meaningful existence?

3. The top echelon of government have all pretty much increased their salaries to meet up with the Naira standard of today and compensate for other shortfalls. Did their salary increase not cause inflation? Why then should we raise alarms only when the people insist they too should get a raise for the same reasons as them? undecided

You keep throwing around inflation as though that should be the priority here ignoring the fact that millions more Nigerians - over 40 million of them - have seen their livelihoods reduce to almost nothing since this administration came into office back in May of last year without a clear end in sight. So, I ask again, why should they care whether inflation will take it all down or not? undecided

1) Well, the Government of Nigeria is broke. Like it or not, that's FACT. Many Nigerians also thought something was wrong with me in 2012 when I told them in Jan 2012 that the country was headed for economic disaster if they forced government to retain fuel subsidy....I subsequently took the crazy decision to leave Nigeria for all the sane Nigerians. grin

2) Wow, I thought I was clear about the major cause of inflation - fiat MONEY PRINTING, which is exactly what the government will do AGAIN to finance a new round of wage increases.

3) What is this? We're a democracy. The people of Nigeria elected their leaders. Everything else is consequence. If the people of Nigeria want to earn more, they MUST elect a government with policies that will increase productivity.

And let me add, that despite any Government Law, the REAL Minimum Wage in any economy is ZERO. Think about that.

Good Luck to Nigerians.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 12:54am On Jun 18
IbeOkehie:
1) Well, the Government of Nigeria is broke. Like it or not, that's FACT. Many Nigerians also thought something was wrong with me in 2012 when I told them in Jan 2012 that the country was headed for economic disaster if they forced government to retain fuel subsidy....I subsequently took the crazy decision to leave Nigeria for all the sane Nigerians. grin
2) Wow, I thought I was clear about the major cause of inflation - fiat MONEY PRINTING, which is exactly what the government will do AGAIN to finance a new round of wage increases.
3) What is this? We're a democracy. The people of Nigeria elected their leaders. Everything else is consequence. If the people of Nigeria want to earn more, they MUST elect a government with policies that will increase productivity. And let me add, that despite any Government Law, the REAL Minimum Wage in any economy is ZERO. Think about that. Good Luck to Nigerians.
1. Nonsense! The government is broke yet the same took the liberty to ensure that top officials got their pay packages padded this year to counter the cost of inflation and Naira devaluation!🙄🙄🙄🙄🙄

2. Oh, so the major cause of the current inflation rate — over 33% at this point— in the country is fiat money printing, right? 🙄🙄🙄🙄🙄

3. So, the people elected the government so they could pad their pay packages but not ensure the people are equally paid decent wages, abi? 🙄🙄🙄🙄🙄

2 Likes

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by IbeOkehie: 1:22am On Jun 18
Kobojunkie:
1. Nonsense! The government is broke yet the same took the liberty to ensure that top officials got their pay packages padded this year to counter the cost of inflation and Naira devaluation!🙄🙄🙄🙄🙄

2. Oh, so the major cause of the current inflation rate — over 33% at this point— in the country is fiat money printing, right? 🙄🙄🙄🙄🙄

3. So, the people elected the government so they could pad their pay packages but not ensure the people are equally paid decent wages, abi? 🙄🙄🙄🙄🙄

1) The PDP increased pay for government officials. APC also increased the pay of government officials in Buhari's first term - yet a majority of Nigerians voted for APC in 2019 and 2023. What do you want me to think? The MAJORITY of Nigerians are OK with huge pay for government officials.

2) Are you denying fiat money printing has caused inflation?

3) Yes...and if the PEOPLE are really serious about getting a better share of the National Cake, they know what to do. Why isn't NLC on strike? We remember Occupy Nigeria and END SARS, but we know Nigerians will do no such thing.

Nigerians love suffering, that's why they elected APC.

Good Luck to Nigerians.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 2:19am On Jun 18
IbeOkehie:
1) The PDP increased pay for government officials. APC also increased the pay of government officials in Buhari's first term - yet a majority of Nigerians voted for APC in 2019 and 2023. What do you want me to think? The MAJORITY of Nigerians are OK with huge pay for government officials.
2) Are you denying fiat money printing has caused inflation?
3) Yes...
■ and if the PEOPLE are really serious about getting a better share of the National Cake, they know what to do.
■ Why isn't NLC on strike?
■ We remember Occupy Nigeria and END SARS, but we know Nigerians will do no such thing. Nigerians love suffering, that's why they elected APC. Good Luck to Nigerians.
1. Well, are you insinuating the majority of Nigerians are somehow only for the increase in the pay package of those in power with no desire to see that trickle down to even the lowest on the totem pole? undecided undecided undecided

2. Is this fiat money printing responsible for the current high inflation rates under the current administration? 🤔

3. WOW! Do you mean the existence of a minimum wage act does not mean the Government of Nigeria was elected to ensure are paid a decent wage?😶😶😶

4. Huh? Better share of the National cake? Minimum wage? Are you for real? undecided

5. My guess is Sallah! lipsrsealed

6. This isn't all Nigerians agitating for better pay but rather those Nigerians who work, probably about 50 million of them, represented here by the NLC. So, you attempt to compare this to ENDSARS and the Occupy Nigeria movement no enter at all! undecided

1 Like

Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by BluntCrazeMan: 6:52am On Jun 18
Will Private Employers Pay Their workers based on this.??

Will Politicians also be Paid based on this.??

...


These two questions must be sorted out before we can make any meaningful progress.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Kobojunkie: 7:00am On Jun 18
BluntCrazeMan:
Will Private Employers Pay Their workers based on this.?? Will Politicians also be Paid based on this.?? ... These two questions must be sorted out before we can make any meaningful progress.
They say necessity is the mother of invention. Private employers will find a way to survive this push. undecided
The Minimum Wage Act was enacted in 2019 and is dated 26th March 2019
According to the Act, certain categories of workers are exempted from receiving the NMW as their monthly salary. Section 4 of the Act, states that the Act does not apply to workers who work on;
● part time basis
● commission or piece – rate
● establishments employing less than 25 persons
● workers in seasonal employment like agriculture; and,
● any person employed in a vessel or aircraft to which laws regulating merchant shipping or civil aviation apply.

These categories of workers are specifically exempted from the application of the national minimum monthly wage and employers can pay them an otherwise agreed sum for their wages.
▶ Any amount less than $64.5 or Naira 94,893.69 is extreme poverty and should not even be considered of worth.
▶ Any amount less than $68 or Naira 102000, which is the former minimum wage adjusted for the approximate 340% depreciation of Naira since February 2023 (Note: the Naira30,000 minimum wage was worth $83 when it was enacted back in 2019), is pretty much not a raise but adjustment to match the value of the current minimum wage right about the time before the current administration took office. I suspect the recent increase of 300% for the Judiciary was such an adjustment made against the Naira depreciation level. Naira 124,000 or $83 really should be where Labor begins its negotiating for a raise from.
▶ At the federal level though, anything less than N250,000 should be rejected by federal workers. Given the padding senior workers at the federal level freely give themselves, I see no reason why some of that extra padding should not work its way down and across the board to other Federal workers.
What is a poverty line?
A poverty line, also called a poverty threshold, is a set amount of income below which it becomes difficult, if not impossible, for people to afford essentials like food and shelter. Each country determines its poverty line by calculating the cost of meeting minimum needs. Households with incomes below this line are considered to be living in poverty.
The international poverty line serves as a standard for measuring extreme global poverty and was recently adjusted to $2.15 a day to reflect the rising cost of necessities and adjust for inflation. Since 1990, it has increased from $1 to $2.15, reflecting the rising cost of living.
https://www.worldvision.org/sponsorship-news-stories/global-poverty-facts

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Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by BigDawsNet: 7:22am On Jun 18
digitaldynamo00:


Na because say we too plenty grin

But High population is not a barrier na..

In some countries with sense high population has its on impact on economic development

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Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by Abee79(m): 7:41am On Jun 18
Nigeria needs to do better to save our collective fortune. We cannot continue to be a consuming nation, producing/exporting nothing and expect our economy to grow. We have the potential to even peg minimum wage at N500,000 but who will do the work? What will we produce? What will we export to earn FX?
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by ceejayluv(m): 7:54am On Jun 18
Kobojunkie:
The current minimum wage was set in place in 2019. undecided
I I know. I meant that if they used the 18k value of $120 in 2014, among other factors, then the minimum wage now should be circa ₦180k.

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Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by bixton(m): 8:15am On Jun 18
Abee79:
Nigeria needs to do better to save our collective fortune. We cannot continue to be a consuming nation, producing/exporting nothing and expect our economy to grow. We have the potential to even peg minimum wage at N500,000 but who will do the work? What will we produce? What will we export to earn FX?


There are those who would do the work, come rain, come sun but the government at all levels have refused to bring in such people. So what you have are people in government parastals who have no business to be there been there and that's why you'll see even people who are directors even failing promotion exams straight 3 times, you'll find people who are supposed to be career civil servants who claimed to have worked for 15 years, failing in exams whose questions are based on their purported departments and careers. A lot of civil servants who are in the civil service don't even know what their job functions are and don't even know their duties. There are places you'll go you'll see an admin staff doing the work of a secretary even when the secretary is in office. I have seen several secretaries and admin staffs who can't take minutes, write memos, even type with a computer even if you give them 7 days to carry out a task which ordinarily should not be more than 24 hours.

I'm not even talking about whether someone is qualified or not having requisite certificate or not. But if someone who is employed and having worked 12 months and is showing no signs of reasonable improvement or being productive significantly in the place he is as it concerns the related job then there's no need keeping such person there.

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Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by bixton(m): 8:23am On Jun 18
ceejayluv:

I I know. I meant that if they used the 18k value of $120 in 2014, among other factors, then the minimum wage now should be circa ₦180k.

That is what it ought to be.
The civil servant or NLC are not the persons who are vested with putting up economic policies to drive the economy. So as long as our economy is based on the value of dollar to naira, then wages should be same.
It's pure evil for the current FG to pay a wage whose exchange rate presently in dollar is lesser than what it is in 2015. It is pure evil and evil will not prevail. There's no way concession can be given for such evil to prevail.

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Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by bukatyne(f): 8:24am On Jun 18
From rulers who do nothing and loot billions, it is rich saying that the minimum wage should match productivity.
Re: Market Realities Peg Ideal Minimum Pay For Nigerian Workers At N104,400 by EMIOMOADEOYE: 11:42am On Jun 18
It's funny sha.

It takes a great deal of deliberation, back and forth, strikes and even deaths to make a decision in favour of the masses.

But when it comes to personal benefits, it's always very swift

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