Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,155,877 members, 7,828,123 topics. Date: Wednesday, 15 May 2024 at 01:42 AM

Fuel Subsidy: Minimum Wage May Rise To 50,000 Above - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy: Minimum Wage May Rise To 50,000 Above (983 Views)

Why High Minimum Wage May Be A Curse To Non Civil Servants / Petrol Subsidy: Minimum Wage in Saudi is R3,000 Which Is N305,126. / "Minimum Wage May Not Be Ready By September" - Ngige (2) (3) (4)

(1) (Reply) (Go Down)

Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Biodun556(m): 5:49pm On Jun 01, 2023
Labour Congress should not waste time going on strike or protesting

They should just negotiate minimum wage and other benefits

3 Likes

Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Biodun556(m): 5:49pm On Jun 01, 2023
It is tradition that once there is increase in fuel price, inflation and dollar exchange rate

Government make adjustments to minimum wage
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Acekidc4(m): 5:50pm On Jun 01, 2023
That should be the normal thing to do........... President Tinubu is Capable.
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by youngreezy(m): 5:53pm On Jun 01, 2023
I dey laff
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by LikeAking: 5:55pm On Jun 01, 2023
Biodun556:
Labour Congress should not waste time going on strike or protesting

They should just negotiate minimum wage and other benefits

A minimum wage will not solve any problem.. You get?

Remember we also have private companies, in order for them to pay the minimum wage the prices of goods will sky rocket.

Historically, every increase in minimum wage in Nigeria will attract massive devaluation to the Naira..

The solution is for the government to work on the stability of the Naira, build all the refinaries and increase minimum wage latter, not now.

Any increase in minimum wage now will plunge the Naira and make prices sky rocket..

1 Like

Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Parachoko: 5:56pm On Jun 01, 2023
Federal Workers salary have been increase.

Is left for the different State Government to also increase the salaries of their workers.
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Biodun556(m): 5:57pm On Jun 01, 2023
LikeAking:


A minimum wage will not solve any problem.. You get?

Remember we also have private companies, in order for them to pay the minimum wage the prices of goods will sky rocket.

Historically, every increase in minimum wage in Nigeria will attract massive devaluation to the Naira..

The solution is for the government to work on the stability of the Naira, build all the refinaries and increase minimum wage latter, not now.

Any increase in minimum wage now will plunge the Naira and make prices sky rocket..




Private companies two will increase the price of their services
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by SIONKPO1(m): 5:58pm On Jun 01, 2023
Oo,Assuming you own a betting shop and you were paying your staff #20k will you be compelled to increase it to #40k because of minimum wage increase?
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Biodun556(m): 6:02pm On Jun 01, 2023
SIONKPO1:
Oo,Assuming you own a betting shop and you were paying your staff #20k will you be compelled to increase it to #40k because of minimum wage increase?

Betting shops will have to increase the price of their services

That's normal

Before okada charge 20 naira minimum, later 50 naira, now 100 naira, with the new price of oil it will be 150 or 200 at least
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by LikeAking: 6:14pm On Jun 01, 2023
Biodun556:


Private companies two will increase the price of their services


Yes, they will..

New minimum wage equals, new prices..

1 Like 1 Share

Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Bobloco: 6:30pm On Jun 01, 2023
Acekidc4:
That should be the normal thing to do........... President Tinubu is Capable.

Capable of what?
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by paramakina202: 6:36pm On Jun 01, 2023
Minimum wage should be increased to atleast 100k.

1 Like

Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by SIONKPO1(m): 7:27pm On Jun 01, 2023
Biodun556:


Betting shops will have to increase the price of their services

That's normal

Before okada charge 20 naira minimum, later 50 naira, now 100 naira, with the new price of oil it will be 150 or 200 at least
People are averagely struggling to play Bet9ja #150 tickets,and the staff would their salaries be increased.Wont that lead to massive inflation?
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by triple996(m): 7:36pm On Jun 01, 2023
What of the non government workers ??
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Biodun556(m): 7:38pm On Jun 01, 2023
SIONKPO1:

People are averagely struggling to play Bet9ja #150 tickets,and the staff would their salaries be increased.Wont that lead to massive inflation?

Inflation is inevitable, that's why everybody will need to adjust
Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by SIONKPO1(m): 8:51pm On Jun 01, 2023
Biodun556:


Inflation is inevitable, that's why everybody will need to adjust
yeah but not Double digits inflation.
BAT shouldn't have Hurriedly stopped subsidy payment.
but should have ensured that Forex is made Available for Marketers and also fix atleast Portharcourt Refinery .
oga,my opinion is try to consider the average Nigerian,how do they cope with the Transport fare increase

2 Likes

Re: Fuel Subsidy: Minimum Wage May Rise To 50,000 Above by Biodun556(m): 8:41am On Jun 02, 2023
N

(1) (Reply)

Labour Insists On Proceeding With Planned Protest / Oluchi Blasts Obidients For Mocking Peter Obi’s Borehole / Anambra's Monday Sit-at-home: Soludo's Administration Security Failure Continues

(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. 15
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.