I Pity Tinubu If He Approves Unsustainable Minimum Wage - Soludo
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2024
- Anambra State Governor, Chukwuma Soludo, says he pities President Bola Tinubu if he approves an “unsustainable” minimum wage for workers in the country.
The former Governor of the Central Bank of Nigeria (CBN) warned that not all state governments and the Organised Private Sector can pay the ₦62,000 being proposed by the Federal Government and the ₦250,000 demand of the Organised Labour.
Soludo, who was Speaker from 2015 to 2019, made at The Platform Nigeria, a programme by Lagos-based church, Covenant Nation, to mark the 2024 Democracy Day.
Don't forget to subscribe: bit.ly/2Hb8hjx
Watch more interesting videos: bit.ly/34ogCaw
Follow Channels Television On:
/ channelsforum
/ channelstv
/ channelstelevision
Get more news on our website: www.channelstv...
#ChannelsTv #newsupdate #news #newsinnigeria #newstoday #newsheadlines #Politicstoday #ChannelsTVNews #Nigeria #Lagos #Nigerianews #Nigeriannews #channelstelevision #Channelstv #Channels #AfricaNews #BreakingNews #Nigerianpolitics
Politicians should reduce their wages and let the citizens have a good living wage. Greedy and shameless Nigerian politicians!!
Their salaries need to be cut down. The kind of money they are receiving right now as salaries do not reflect the current chronic economic situation of the country.
Even if they cut their wages , the government won't have 250k to pay every month
@@yekeendaud7728 pls explain why you think so
It's is easy to remove subsidy
It is easy for oil price to increase
It is unbeatable to electricity price to increase
But to increase workers salary is always the challenge..if you can manage the administration well ..then why volunteer that you want to serve. Our politicians are ruthless
May God help Nigerians
Soludo is giving us the impression that fixing minimum wage is a rocket science.
Considering the situation, Senators & governors and all other politicians should receive minimum wage.
Why is he not talking about the cost of governance. A freaking Senator takes home N37 million every month. Haba
Senators are like directors of a big company. It is against the principle of management to put people in charge of your resources and not remunerate them well. You might end up losing more than you intend to save.
In O'level Economics, entrepreneurs and Labour are not classified together. The entrepreneurs in O'level Economics stand for directors in companies and senators , governors, ministers, etc in government.
It is a misnomer and against the principles and laws of management to try to put directors of companies on the same scale as the regular employees. Same applies in politics.
The cost of governance is actually the cost of running the civil service. You seem to have been confused by the numerous olodo analysts in the media.
The amount that the people in government earns is not up to five percent of the total cost of running the civil service. There is so much misinformation out there.
@@rotimikayode1072that mindset is one of the biggest problems in Nigeria. Your analysis is wrong. Government is not a business so it shouldn't be run as one.
By the way, a company that is hemorrhaging cash but continues pay out huge sums to it's executives will end up shutting down. It's a no brainer
@@rotimikayode1072so by your logic, directors of the company who is well remunerated earns his money by making sure his organization is running profitably and earning dividends for his shareholders to justify his high income. So, what are Nigerians benefiting from this shareholders (senators) to justify a significant portion of our national budget be spent on less than 400 individuals? What is their return on investment to NIGERIA??
@@johnboscookpala7928I concur with your submission 100%.
I had though Professor Soludo was an economic guru. Clearly now, he is a politician.
Sir he is an economists, his analysis is right but labour should be asking for reduction of politicians' wages and allowances. All of us must live at the same level as our leaders, then we can kind of how to move forward together.
The Senate and house of Rep should be reduced to a committee altogether. The work of a Senator and Rep members should be part-time. The waste of public funds is way too much.
Meanwhile, the main issue is that there remain the absence of trust between the people and officials on every level. The moment officials become more responsible with public funds, we would be able to truly repair our country
The are all running from the core of the discussion "the Remuneration of every Nigerian political office holders, civil service, private sector and all"
He is saying d whole truth I swear.may almighty God increase U in knowledge sir and guide you as U rule your state to prosperity
Giving the floor to someone that refused to pay 30k up till the present day to comment on serious issues. We should stop playing in this country
Did you even listen to him. So much ignorance. The government doesn't have the money.
You people are calling for mass layoffs and the collapse of the economy.
They keep the number of people they can pay. If you cannot pay do the work yourself. Govt is not charity. Don't hire your entire village.
@@rotimikayode1072 yeah, no money when it concerns the common man on the street, but when it's time to pay themselves salaries and prostitute allowance, you will hear billions
@@stephenonuoha5018 The people in government are not many and their total pay cannot do more than 5% of what Labour collects. There is so much ignorance in this country.
God please 🙏 help dis country
Truth is always a truth, thanks to gov of Anambra state
People forgot that this government of Bola Thiefnubu is the cause of all the current suffering and economic meltdown in Nigeria, which led to labour talking about increase in minimum wage. The 70 years old man just to boast that he hit the ground running from the first day, he removed subsidy at his inauguration without even knowing the consequences and without knowing the country's balance sheet. The man went further to make policies of naira unification which finally drowned the economy by the USA dollar crippling the naira.
Spot on analysis!
How do you derive minimum wage sir? Take market survey and fix salary. The bulk of our IGR is been use to service senators,rep etc.Expenses are too much.
Soludo is an educated Wele Deceiver
Thanks you all team supporting Hamster
Its easy to look at the implications of implementation while overlooking the reasons for the agitation when one isn't affected. If waste and corruption is stopped in government there will be no reason why even the private sector will not implement comfortably.
I am having a mix feelings right now, Mr, Solodu is right, but the problems here why are politicians going home with such jombo pay when they know the government can't afford to pay civil servant ??😊
Most times emotion blinds us from the truth.Wage increase will only cause inflation and retrenchment. NLC should agree to less than 60,000 naira on the following conditions:
50 percent reduction of presidency and NASS expenditure
Workers earning less than 6000 naira a month should pay no taxes
Students with family income of less than 120000 a month should not pay a dime for tertiary education
Federal government should stop monthly allocation to states once they fail to pay their workers
All government agencies should buy made in Nigeria vehicles
No international trips for all government functionaries for the next one year
The Lagos- Calabar road should continue only after at least 2 dysfunctional roads in each of the 6 regions has been rehabilitated
CNG buses should be made available to all the 36 states within a month
Provide security to farmers especially those producing staple food products
Free medical and dental mobile clinics in at least 2 cities per state
That's why the problem should not be to increase the minimum wage but to make food very affordable and available,simple as that
Food? How about transportation, electricity, housing?
Government revenue will not be shared to all Nigerians, it's for civil servants. What private sector workers get paid will reflect in GDP, and private sector can decide how to fund that. What is a reasonable salary for politicians, and how does optimising that help fund the civil service. Also, the civil service is bloated, let people retire over time without replacement
Soludo's u are among the people that bring Thiefnubu into Power see where Nigerian is by today now 😭😭😭 no peace for d wicked u bad APC Government 👌
With due respect to Soludo, Nigeri does not pay ALL Nigerians. They should stop this hypocricy. There's nothing deep about discussing the welfare of civil servants. They're actually the ones doing the work. Settle their minimun wage first before national minimum wage.
The problem of bringing in technocrat like soludo to analyse minimum wage will only confuse the situation the more.......he started by differentiating general minimum wage and civil servants wage
What’s the money for Subsidy used for now ? They need to subsidize transportation, public used that’s the only way out of this general problem and invest in Agriculture… Nigerian must eat OoOoOo if unahhh no want wahalaaaa
Soludo you are right 👍 thanks for telling them the truth
Which truth
How much is your salary? How much have you gotten from being a politician? Are your children in the same school with theirs?
CUT DOWN THE COST OF GOVERNANCE. PRODUCE! Stop all this nonsense!
I hope you understand what he is saying, minimum wage is not only government, every worker in Nigeria whether government or private
@@IfeanyiEkwealor That is not entirely true. Not every employer of labour is supposed to pay the minimum/living wage as he said. Those who are subjected to pay have to have a limited number of workers in their business, about 25/30 workers. If a business company with that no# of workers can't pay, they should not be in business.
Correct
@@IfeanyiEkwealor
Some of the things I don't like about Igbo people is that, they don't easily find falt when it's their own people that is talking, except the person is from other tribe.
The fact that he's talking sense does not mean that, he entirely making sense or saying the fact.
Since Subsidy has been removed, everything have move up 300-400% to previous price before the subsidy removed. Private schools, businesses, etc. Mentioned that thing in Nigeria today that is not more than 300% price high than before. 80% of Yoruba youths supported OBI, we shouldn't allowed these politicians continue to deceitful us.
Either the government nor the private sector have excuse.
How can you be so ignorant. Where in the world is directors of companies on the same salary scale with the regular staff. The people in charge are like directors of companies. You don't put people in charge of your resources and don't remunerate them well. You will end up losing more than what you intend to save.
He made no point. No solution. He thunks its banter. We all know the consequences what is the solutuon?
First time someone is saying some useful concerning the topic. What's the way forward.
To make this simple, start with current minimum wage and then deduct food,shelter and transportation and medical and see what is left. If your salary cannot buy rice to feed much less anything else then there is an issue.
Senate and other politicians need their salaries and benefits slashed. The united states is the rchest country in the world and their president and other politicians do not make nor have the kind of perks Nigerian politicians have.
Soludo may be confusing people . when Government fails , everything fails . Government should create enabling environment for business to survive and thrive . Government of Nigeria is using taxes to frustrate businesses . Salary Should not be the discussion but making a system to work ,having a competitive system,a productive system
Very informative
Textbook professor, Textbook economist after seeing soludo and his performance i now realized that professor is just a title and doesn't mean such a person has solution. I think we should start considering pple who has managed private business as governors to see if they will do better
Great
Nobody is talking about sacrifices....if you receive 2m a month,can you choose to be receiving 1m sothat it goes round
Inflation only occur when there is too much money in circulation. People are hungry, increasing the minimum wage will not cause inflation. The current inflation is due to lack of productivity. Produce and export and watch inflation come down.
They all know what they're doing 😎😎😎😎
May God 🙏 help dis country from the ✋ of our heartless leaders.
Is what being a Professor produces?
If you do not have solution to the problems of Nigeria, what are you doing in governance?
Your making an sense
😊He forgot to say what lead to this, fuel
Nigerian states are not producing anything .Soludo said it. How much I mine getting ? The governors are the problem in Nigerian development. Please make your states variable. States should go into massive agricultural development.
Politicians earn in millions and steal in billions we bear the consequence in peace. But when it gets to increasing civil servant's minimum wage, you sound like it's going to creeple the government. Cut down on your wage and cost of governance too.
Smart answer
Gov Soludo, I heard you but dont confuse them over there. Forget about smc and bla bla bla. I know it will affect everyone, but the only solution to it is YOU SHOULD CUT DOWN ON YOUR SALARY AND SPENDING likewise all government officials and it will balance . No need for too much talk
Let them do Prize control it wil better
Peter Obi spoke about productivity but you said it’s thieftinubu you will follow. Criminals
Subsidiary removal is not the major factor of economic challenge. It is the devaluation of the naira from unproductive spending. We import what don’t need and over inflate expenses. Basically, Soludo is right when he said we are not examining our current productivity.
Why did tinubu fall on democracy day
Subsidy is gone with quickness. How hard to do the needful with living wages.
Haaa. This people are wicked
The understanding of Exact Nr and accurate Calculations is only possible with politicians only when the poor workers are mentioned.But when Sharing Millions amongst themselves; all of a sudden, they ve Alzheimer'+Dementia what the financial state of Nigeria is really.
The only person I will believe his comment on this matter is Governor Alex Otti. Any other person is yearning trash. That man is got the the interest of the people. But you know what they cannot invite him for programs like this. He doesn’t think like them.
In all soludo said, he never mentioned a SOLUTION. Just talking about the complications... not talking about building companies or industries across the nation. All I hear is private schools, msme and churches, no industries.
Why should soludo brings politics into this minimum wage?. Why can't he cut down his own wages so that he can be able to pay the minimum wage.
Why not give room for questions
The statistics Soludo is giving is assumed that every person in Nigeria including those that are been given birth to at the moment and those that balance out through death, are been paid a salary! Unfortunately, he failed to tell the world how many persons are employed in the state civil service of Anambra state. What percentage is that?
He also failed to mention the word "working class population" and so many.
Everyone can speak English but it does not necessarily has to be the truth
Any governor that has done his assessment and discovered that he can't pay minimum wage should please resign so that a more competent fellow that will deliver can come in.
It is not compulsory that you remain a governor....If you don't have the capacity to grow the state income and pay minimum wage, leave the office.
Why unsustainable? 😂😂😂 He only needs to print money since people need money. Instead of working to be independent and productive everyone is chasing money! 😂😂😂😂
Why are you applying per capital income to the minimum wage of common workers and not use same to determine the take home of Soludo himself and his allies in the goerment including he president.?It is all selfcentredness and central wickedness.
Can't even understand d side he is
Africa don't need no puppet president .. come together leader of Africa do the best for all African God bless Africa
Everybody should earn minimum wage,,, politicians, civil servants, private business owners etc.
Our governor are the problem of Nigeria, day don't want salary increase because day know it will affect their money laundry
Gov. Soludo made a lot of sense here. It is clear that a certain 'careless' minimum wage might not be sustainable.
However, I still don't get why this hasn't affected the cost of governance. Why are elected officials & political appointees still taking home a ridiculously huge amount in spite the state of the economy? 🤷
This leader are clueless, where in the world 🌎 a minimum wage can't buy a bag of rice except nigeria, let's give this leader a 62k to go market joker
Anything Dey propose let it apply to politicians 2 the national assembly members should apply on d same minimum wage 2 so everytin go balance simple , let dem start using local made cars or tukumbo cars
Soludo is speaking with caution
Everyone will pay IF Government do the needful. Light, Hospital, Good Road FUEL
This 6,000 naira per person is not a realistic way to analyse what the government can afford. If this is all that each citizen is entitled to, how come our senators take home millions per year?
The solution is to reduce the wages of leaders and invest in infrastructure and services that are eroding our wages.
We have 360 house members plus 109 senators,let assume they all earn 33 million naira per month multiply by 469 members gives about 16 billion naira per month.
If you share 16 billion naira to all the 36 states in Nigeria,each states get 444 million naira extra every month.That amount is very small to support a living wage in Nigeria.
Let's take akwaibom state for instance the government recently paid 20,000 naira to all the 52,000 civil servants in the state,that paltry 20,00naira cost the govt 1 billionaire naira.
The truth though is bitter is that Nigeria is a very poor country,why the corrupt national legislature misappropriate jumbo salary to themselves is because they are very few in number,if we had like say 40,000 house of assembly members, their salaries too will be poor.
Who is the one that should kick start productivity?
Who removed the subsidy?
Who floated the naira?
Which administration removed electricity subsidy?
Lets keep deceiving ourselves that everything is alright!
What about the inflation that has reached 400% already
And failed to tell us the numbers of teachers in UK compared to Nigeria!!
But u did not pity him when u were getting your our own share
Self interest if our politicians
Sad but true
Where were ur pity’s when Naira was Floated or when NNPC and NEPA was Privatized or when Buhari was Removing th subsidy,
God wil Get u ALL.
Soludo na kuku wicked man before
See, he said not me,whose responsibility then because they go to Abuja to collect monthly allocation for their respective states.lf you have regional government then you will know that you have to work hard enough to meet the commitment of the state.I encourage Tinubu to deploy regional government in Nigeria so that everyone can be engaged in production of goods and services and the governors don't have to go Abuja anymore for money.
We reject poverty wage! According to world bank. Anyone that earns less than 96, 500 a month($2.15 per day)for only himself or herself is below the poverty line.
Please how do you expect the MASSES to survive with this expensive cost of living if you know Economics?
Na biafraud people go always complain of what he said
If looting stops we won't be lamenting on paying workers above 40 dollars in a month. When the least paid in serious nations gets 40 dollars in hours. Whats a shame!
I am worried how our leaders think within the box... No creativity at all just playing politics with everything..
Nigerian professors are disappointment,name them soyinka,mohammud of inec,including the one that just spoke,no money to pay minimum wage to workers but there is to much money to stash abroad,how come Yahaya Bello of kogi state stole up to 80 billion,these are ones discofered by efcc,what of the ones done off record?and people are laughing over the presention when he is actually mocking you,when it comes to what citizens will benefit no money,but there is enough money for officials to mess around,enough of this deceit.
Then they should employ less than 25 staff if they can't pay minimum wage
How can a big company like innoson employ below 25, so he won't pay min wage. Once dis companies raise d min wage d pay dia workers, dey in turn increase the price of services dey render. Thereby causing more inflation.
I just saw this clip. Severe mistakes had been made when our government had paved way for foreign government to come and establish in Nigeria. It is wrong. The right thing to do is to negotiate on what they wanted to give Nigeria and how Nigeria is going to benefit in their own home country so that we will still have our country saved from becoming salvaged. To give minimum wage to workers in Nigeria is very easy if we have a holistic honest demographic exercise. It is easy for our ministers to steal money from the government coffer, give them to relatives or friends and take it/them somewhere secure for their own interest. The reason why country like UK or western countries is because they have good record keeping of their citizens. Nigeria is already confused as this requires urgent purge now. This man talking is a bloody liar and he is not addressing the issue being a governor. Nigeria cannot be using Federalism like USA and ruling on Parliamentarian style of government. Please think. Nothing has to do with churches, where government has failed the churches is the only consolation to citizens because of Jesus.
Everybody should be paid 62000 Naira. I mean from politicians to the least workers in Nigeria.
Soludo is a public officer. He should earn minimum wage .
The new minimum wage saga was necessitated by the subsidy removal! So what's pity there...Tinubu brought this on himself by improper planning
He actually said that as the conference oooo, I was there
000@@stanleyibadin410
@@stanleyibadin41000
He actually doesn't earn sala
Hmmm, the power of storytelling! Soludo is a brilliant man. He almost convinced me then I remembered when they share and loot they don’t listen to us. The Govt will be alright, labor carry on with your demand. Tinubu can ask haji people to return the 90 billion and use it to start with. Nonsense
I share Soludo's view. While it's true that we need talk about the productivity of workers, what people in government are not addressing is the cost of governance in Nigeria. You can't expect Nigerians to sacrifice when politicians are not ready to compromise on their income.
That's the main issue; the politicians don't want to compromise
I am highly disappointed by Governor soludo.
His is inhumane
No, he never mentioned the cost of governance in Nigeria. So how is that his view?
Best comment so far ❤🎉
@chibuogwuumezinne2775
Has Professor Mouth ever said and do something meaningful before ?
Whats funny? He didn't make any sense. But billions are shared to politicians
English hard.... We understand
I understand… maybe you need more information.
I'm sure he understood what Mr Soludo said, but Mr Soludo was very diplomatic in his response. My guy is simply not happy with the response.
He has joined politics to drive cars in convoy wasting money that will not have consequences
You don't understand. If you are a businessman with employees, will you pay them money you did not make. You don't know the numbers but you are talking.
Soludo should place his salary as same as minimum wage
Soludo is not earning a salary
@@techwithstanley what is he living on.
No single mention of the government waste and the endemic corruption in the system.
Lemme exit , no need to waste my time watching since he's busy running away from the truth
The government knows what they're doing... As I'm listening to soludo speak 🗣️, i clearly see that the hunger in the land is intentional. So, he knows all the stats. Yet, hunger keeps up going up in the land.
The speech he made there's no concern about the masses. He's just being defensive towards himself and the government (It's much expected as a politician). When politicians talk, they pour out wisdom but if you look deep you will realize they are just feeding you with what you want to hear.
This man should have come up with a reason behind the current situation of the country and a solution to it. Not telling us about the total revenue generated by both state and federal.
It pains me so much 😢, that tis people we call our leaders don't even have a glimpse of what the citizens are passing through..
Is not as if they struggle to feed or transport themselves around. How can they really understand.
The only way, for them to understand is if everyone comes down to the same level which is not possible.
If you like, read and comment rubbish... Na still me and you dey suffer am 😂. They don't give a f**k
They don't fu*king give a fu*k bro...😭😭
I think average Nigerians are too emotional. You can see the minimum wage issue small scale business will suffer more. Most will collapse cos they can’t pay or afford it. What Nigeria need is reduce inflation, fix power and regulate the prices if commodities. Minimum wage is not about the government but rather the masses. That been said Nigeria must be disintegrated to smaller countries for things to work😊
The small businesses are already suffering. People are already scrambling for survival. It's not really easy out there. The masses are already suffering. So as it stands the minimum wage is very necessary now because people's endurance level is over stretched already, they can't bear the suffering anymore. One can argue that it can get worse once minimum wage is increased but no one cares because people need some kind of instant relief now before it gets worse again.
Though you ended it well by saying the actual truth and solution. The only way out of all these mess created by our evil and corrupt politicians is to disintegrate this entity to smaller nations. Let everyone go and develop at their own pace.
Soludo should receive a minimum wage
He didn't receive any wage as governor.
You dey mind am
In your O'level Economics, didn't you learn that Entrepreneurs are not in the same category as Labour. It is like you are saying that directors of companies should be on the same scale as the regular employees.
FYI, the amount earned by the people in government is not up to 5% of the total costs of running the civil service which run into trillions actually. There is so much misinformation out there by the numerous olodo analysts being regularly invited to speak in the media.
He doesn't even receive any salary. He said he sacrifices it for the state.
@@alonestudiosng
Don't believe the hype 😯. If you believe that 🤔"onye agbenu"is working for free. I have an 🛢️🪔 oil well in the Sahara desert 🏜️ you can have for free.
Cut cost of governance ...
That's why Obi is with the best strategy
But when obi was Governor of Anambra state he could not increase the salaries of public servants in Anambra , rather he sacked over 3,000 workers, most of which were Non- indigenes of Anambra state. Is it that same obi that would increase salaries of federal workers?, with what strategy?, strategy that he could not deploy and make use of when he was Governor of Anambra. My dear the issue is huge. I support the motion for an increase in public workers' salaries but what is sustainable should be agreed upon. Don't forget that increase in salaries = to increased inflation, the private sector can also not afford it cos workers in the private sector are more. What about those that are self employed & those that are jobless, who gives them minimum wage?. All these individuals will also face the more hardship in the country, due to higher inflation of prices of goods & services. There will be a ripple effects. However Govt should cut down on their own costs of Governance too. What they get is too much really. But we really need to understand this issue of increase in salaries very well.
@@olabisiowoyemi7544I already know you are Yoruba from your name 😏😏
When raw materials' prices skyrocketed, didn't the msme adjust their pricing templates?
Exactly. From a technocrat to a politician, it didn't take long for him to tell lies like one.
I wonder oo. Are price now same as May 2023? Every company that produces increase their prices without fear of inflation why is that of a worker becomes problem to people? We should stay in the wage of 2023 even when price has skyrocketed and companies increase prices?