NewStats: 3,263,810 , 8,181,473 topics. Date: Sunday, 08 June 2025 at 02:43 AM 4z4f34

If many workers get this increment, inflation across all goods and services will occur. Any increase in wages for a select group of workers would raise prices for every other Nigerian.

The solutions to Nigeria’s problems are to reduce the cost of governance, increase taxes on wealthy individuals and spur productivity amongst everyday Nigerians by providing quality education, roads to connect markets, and to re-establish the ECA to aid in strengthening the naira. Increasing wages by sector will only make more Nigerians poor as prices of goods and services would increase.

The government is simply incompetent.

Gboom:
This is kind of labour leader workers should crave for, who has the interest of his followers at heart and not the one that will be receiving bribe from one end to the other thereby sabotaging the interest of the followers

Lol. Do you know Osifo?

DIVINEEVIDENCE:
300% wage increase for people whose basic salary is already in millions.

What exactly are we expected to do with this news?

Is this meant to be some sort of provocation?

Envy no go kee you. Na the same work everybody dey do?

Successsearch90:
300%
Impressive

Don't be deceived by the percentage. In dollar- it's nothing.

Tianamen1:
If many workers get this increment, inflation across all goods and services will occur. Any increase in wages for a select group of workers would raise prices for every other Nigerian.

The solutions to Nigeria’s problems are to reduce the cost of governance, increase taxes on wealthy individuals and spur productivity amongst everyday Nigerians by providing quality education, roads to connect markets, and to re-establish the ECA to aid in strengthening the naira. Increasing wages by sector will only make more Nigerians poor as prices of goods and services would increase.

The government is simply incompetent.

There will be no increase in inflation because of this, as it's not the government/CBN printing money to pay them.
It's money already in circulation.

They should be specific, which oil workers??

IMAliyu2:

There will be no increase in inflation because of this, as it's not the government/CBN printing money to pay them.
It's money already in circulation.

The Idea that money needs to be printed out to cause inflation is false. Commercial banks create ledger money through the given out of loans.

Tinubu has increased Nigeria’s foreign reserves from about $3 billion to about $20 billion by raising the price of the dollar so high that most Nigerians can not afford.

This salary increase, if it affects enough people, would lead to renewed pressure on the foreign reserves.
Basically, there is pent up demand in the system and any increase in salaries that is wide ranging would lead to renewed pressure on the foreign reserves.

Tianamen1:


The Idea that money needs to be printed out to cause inflation is false. Commercial banks create ledger money through the given out of loans.

Tinubu has increased Nigeria’s foreign reserves from about $3 billion to about $20 billion by raising the price of the dollar so high that most Nigerians can not afford.

This salary increase, if it affects enough people, would lead to renewed pressure on the foreign reserves.
Basically, there is pent up demand in the system and any increase in salaries that is wide ranging would lead to renewed pressure on the foreign reserves.

What you described is also creating money out of thin air.

So not unless the employers of these workers take loans to pay their workers, instead of from the company's revenue, there will be no inflation.

You should not fear wage increases, instinctively like that, because it comes off like a propagandized excuses by employers to avoid increasing employee wages.

We should be more worried about monetary policies that devalue our currency.

IMAliyu2:


What you described is also creating money out of thin air.

So not unless the employers of these workers take loans to pay their workers, instead of from the company's revenue, there will be no inflation.

You should not fear wage increases, instinctively like that, because it comes off like a propagandized excuses by employers to avoid increasing employee wages.

We should be more worried about monetary policies that devalue our currency.

when bankers inflate figures in anticipation of repayments, it isnt real money just yet. Until the debtor repays real money, it is just an estimate of what is owed to them.

IMAliyu2:


What you described is also creating money out of thin air.

So not unless the employers of these workers take loans to pay their workers, instead of from the company's revenue, there will be no inflation.

You should not fear wage increases, instinctively like that, because it comes off like a propagandized excuses by employers to avoid increasing employee wages.

We should be more worried about monetary policies that devalue our currency.

The government also has oil workers. Are the oil workers for the government getting a raise too?