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Nairaland Forum / Nairaland / General / Politics / In Reality, Minimum Wage Is 9000 Naira!! (535 Views)
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In Reality, Minimum Wage Is 9000 Naira!! by sinkhole: 10:35am On Dec 28, 2016 |
Sometimes back the dollar exchanged for about #250, then the minimum wage was effectively at #18000, but today the dollar exchanged for around #480, that is almost two times what it used to be! Besides, when you go to the market, everything seems to have doubled in price: a sachet of milk that used to be #10 is now #250; a tea-bag (tea "alagbada", e.g lipton tea) that used to be #5 per bag is now #10 per bag; there is no #5 or #10 sugar again, sugar starts from #20 now; egg that used to be #20 or #25 is now #40 or #50; and so on, and so on! In consideration of the above, we could see that the purchasing power has actually reduced by half, meaning that the effective purchasing power of the minimum wage has been reduced to half (from #18000 to #9000)! If the government of Nigeria is actually thinking about her citizens then #9000 suppose to be added to the current nominal value of the minimum wage (i.e., #18000 + #9000 = #27000) to give us a new minimum wage of #27000, this, at least, should return us to where APC met us |
Re: In Reality, Minimum Wage Is 9000 Naira!! by yomi007k(m): 10:49am On Dec 28, 2016 |
Nor be lie bros. Personally I use to eat two meals a day plus snacks now I had to cut to one meal a day plus snacks jus to make ends meet. E no easy. |
Re: In Reality, Minimum Wage Is 9000 Naira!! by Ahmed0336(m): 10:59am On Dec 28, 2016 |
Very true. I concur. |
Re: In Reality, Minimum Wage Is 9000 Naira!! by fijiano202(m): 11:00am On Dec 28, 2016 |
Imagine ordinary paracetamol is now 50 naira,I tire ooo |
Re: In Reality, Minimum Wage Is 9000 Naira!! by ALMUSTAQIM(m): 11:03am On Dec 28, 2016 |
OP, YOUR EXPLANATION IS NOT VALID. YOUR ARGUMENT IS NONSENSICAL GO GET A GOOD JOB IN THE NEW YEAR. |
Re: In Reality, Minimum Wage Is 9000 Naira!! by ALMUSTAQIM(m): 11:04am On Dec 28, 2016 |
ALMUSTAQIM: |
(1) (Reply)
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