Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years - Politics (5)

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Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years (35865 Views)

Obaseki Increases Minimum Wage To ₦‎70,000 From ₦‎40,000 In Edo / FG To Review Wages, Allowances For Governors, Others / Nigeria Struggles With N30,000, South Africa Increases Minimum Wage To N126,400 (2) (3) (4)

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Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Paraman: 4:17pm On Jul 18

LegendHero:

Tell that to Otti still paying 15k.

Probably that’s why people are now eating from the dustbin in some part of the state like we saw in that video.

If Federal can get 70k, at least they can afford some Congo of rice. Abia workers don’t have such luxury coz they can’t even afford one bag of garri.

Otti has not even paid the 15k, he promised to start paying it from this month

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:18pm On Jul 18

Holluwhakemmy:
How does it affect you?

It does because you ain't feeling it as someone is providing you with everything undecided

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by trafficpools: 4:19pm On Jul 18

Congratulations to Nigerians on this awesome news grin

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:19pm On Jul 18

jayce232:
Instead of these labour leaders to fight for fuel price reduction they are wasting time on minimum wage. This amount will solve nothing & only benefit a few as compared to reduction in fuel price

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by deji17: 4:20pm On Jul 18

Meerahbel:
Kindly provide proof of your assertion.

1 Like 1 Share

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:20pm On Jul 18

deji17:

I need payslip not some tabloid.

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by ViceGovernor: 4:21pm On Jul 18

MrProlific95:
I want to laugh.....this better be a joke

More like President Tinubu approves bag of Rice as minimum wage

Half corn is better than no corn 🌽

As I Dey na only 2k go solve my problem.
Should I paste my acct sir?

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Holluwhakemmy(f): 4:21pm On Jul 18

Meerahbel:
It does because you ain't feeling it as someone is providing you with everything

Sure, for my God will supply all my needs and send helper to me from all 4 cardinal points in the universe.

1 Like 1 Share

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Lovenorth: 4:21pm On Jul 18

Protest continues

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by KINGsXchange(m): 4:21pm On Jul 18

BigYash:
The incompetent old man should resign and go home. He has failed for building on a failed foundation of Buhari..

Then who is competent? Peter obi right? Lol

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by walexbiz(m): 4:22pm On Jul 18

The greatest sellout is the labour who accepted this rubbish from the government. A friend once told me that those Labour leaders I am hyping a red fraud that they would accept bribe from the government and the best government would offer is between 70-75k. This clearly shows that the Nigerian workers don't have leaders they only have themselves to fight for themselves, so I say let the protest begin.

2 Likes

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Emeskhalifa(m): 4:23pm On Jul 18

mrvitalis:
FG and Tinubu government should please tell us how a human can survive with 70k in a month in Nigeria

A federal worker please break it down

House rent

Transportation to work

Feeding

Health

Entertainment

Please I want to see it

U still dey add entertainment? For Tinubunomics time??

2 Likes

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by ceejayluv(m): 4:24pm On Jul 18

vanbonattel:

If your old druggie is not so much stuffed with cocaine, the economy will be good and 15,000 will buy 3 bags of rice.

That's what Many people fail to understand... It's a matter of purchasing power of the Naira.

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Omoawoke: 4:24pm On Jul 18

MrProlific95:
I want to laugh.....this better be a joke

More like President Tinubu approves bag of Rice as minimum wage

[quote authors=vanbonattel post=131021850]A bag of rice is #85,000 now.

Idiotic administration[/quote]

It says minimum wage not maximum wage

1 Like 1 Share

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by oloriooko(m): 4:24pm On Jul 18

when will this new wage be implemented is another story

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:25pm On Jul 18

Holluwhakemmy:
Sure, for my God will supply all my needs and send helper to me from all 4 cardinal points in the universe.

Amen

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:25pm On Jul 18

oloriooko:
when will this new wage be implemented is another story

2027

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by ElSudani: 4:25pm On Jul 18

Next is to bring down inflation and support increased local production of goods and services.
Too much money in circulation chasing few goods is bad for the economy.

2 Likes

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by razzydoo(m): 4:26pm On Jul 18

No vex bros. Seems you're so well-to-do. Abeg I need 10k. I dey owe loan app. E Jo e epp me.

bixton:

I wonder if the person who would be paid this by the FG has nothing to do in life and with his life just because he chose to be a civil servant still at this time of economic downfall...

If the NLC & TUC are applauding PBAT for this stipends to be paid as minimum wage then it's better they the NLC & TUC never again talk about workers welfare and strike ever again in. Nigeria. Nonsense and ingredients.

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:26pm On Jul 18

ElSudani:
Next is to bring down inflation and support increased local production of goods and services.

Go back to your economy and read Wages and inflation

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Holluwhakemmy(f): 4:26pm On Jul 18

Meerahbel:
Amen

Thanks

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by ElSudani: 4:28pm On Jul 18

Meerahbel:
Go back to your economy and read Wages and inflation

You can summarize it for us here since you've read it.

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Thiefobi1: 4:28pm On Jul 18

mrvitalis:

I don't know that's why we voted out PDP to improve that

PDP is history in Abia more than a year now.

But the wage remains the same. Why?.

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by press9jatv: 4:29pm On Jul 18

Well the 70k is still realistic but very little compared to the highly overinflated economy in Nigeria over Tinubu government

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Izuchukwu70: 4:30pm On Jul 18

vanbonattel:

Otti is the President of Nigeria in your nightmares.

Oti can't even pay 20k. Isn't that shameful

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:30pm On Jul 18

Increasing wages can potentially lead to inflation, but it's not a direct cause-and-effect relationship. Here's why:

1. Higher wages can lead to higher production costs for businesses.
2. If businesses pass these increased costs on to consumers, it can result in higher prices (inflation).
3. However, if businesses absorb the increased costs or improve productivity, the impact on prices may be minimal.

Other factors influence the relationship between wages and inflation, such as:

- Economic growth
- Productivity gains
- Labor market conditions
- Monetary policy (interest rates)
- Supply and demand imbalances

In some cases, higher wages can even lead to:

- Increased consumer spending (boosting economic growth)
- Reduced employee turnover (saving businesses recruitment and training costs)
- Improved productivity (offsetting higher labor costs)

So, while higher wages can contribute to inflationary pressures, it's not a guarantee, and the relationship depends on various economic factors.

ElSudani:

You can summarize it for us here since you've read it.

Here are some additional points to consider:

- The impact of wage increases on inflation depends on the state of the economy. In a recession, wage increases are unlikely to lead to inflation, as there is spare capacity in the economy. However, in a rapidly growing economy with low unemployment, wage increases may lead to inflation.
- The size of the wage increase also matters. Small, incremental increases are less likely to lead to inflation than large, sudden increases.
- The industry and sector also play a role. For example, wage increases in industries with high labor intensity, such as healthcare or education, may be more likely to lead to inflation than in industries with high automation, such as manufacturing.
- The presence of price controls or monetary policy can also influence the relationship between wages and inflation. For example, if a central bank is aggressively raising interest rates to combat inflation, the impact of wage increases on inflation may be mitigated.
- Finally, the relationship between wages and inflation can vary across different countries and regions, depending on factors such as labor market institutions, economic structures, and cultural norms.

Overall, while there is a potential link between wage increases and inflation, it is not a straightforward relationship, and many factors need to be considered when assessing the impact of wage growth on prices.

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by oloriooko(m): 4:30pm On Jul 18

how you take know grin

Meerahbel:
2027

1 Like

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by senatordave1(m): 4:30pm On Jul 18

mrvitalis:
FG and Tinubu government should please tell us how a human can survive with 70k in a month in Nigeria

A federal worker please break it down

House rent

Transportation to work

Feeding

Health

Entertainment

Please I want to see it

Oga most states and firms won't pay that 70k

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:31pm On Jul 18

press9jatv:
Well the 70k is still realistic but very little compared to the highly overinflated economy in Nigeria over Tinubu government

That's 100ltrs of fuel

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by BigYash: 4:31pm On Jul 18

KINGsXchange:

Then who is competent? Peter obi right? Lol

Go and ask your father... Atleast Jonathan was far better than Buhari.. Even though all are bad ,some still good pass some.

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:31pm On Jul 18

senatordave1:

Oga most states and firms won't pay that 70k

Says who? Are you a business owner

Re: Tinubu Approves ₦‎70,000 Minimum Wage, To Review Wages Every Three Years by Meerahbel: 4:32pm On Jul 18

Thiefobi1:

PDP is history in Abia more than a year now.

But the wage remains the same. Why?.

Let's wait for the LG elections before we can conclude.

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