Grand Children of Mma Ikot-Ambon

18/09/2024

Increase Wages: A Solution to Inflation?

In as much as increase wages or multiple sources of income might be a way of staying afloat of inflation, it can never and will never solve the problems of inflation. Having more money (increase wages) without a matching increase in the productive or real sectors of the economy is actually one of the causes of inflation. What we see as a solution to inflation, if critically analyzed, is actually one of the problems of inflation. It is likened to a vicious circle of poverty. When more money pursues fewer goods, it will lead to increase prices, increase prices will lead wage earners to demand for increase wages, and the circle continues without a solution.

Recently, a new minimum wage bill was signed into law, while wage earners were about celebrating the new development, boom! pump price was increased. If the mathematics is done, it will be seen that the purchasing power of money before the new minimum wage might be more than what it is now, considering commodities price realties.

Government should know that the real/productive sector is the battle grown to fight inflation.
- Instead of increasing wages, why can't they be committed to fighting insecurity, to allow people to be productive.
- Instead of increasing wages, why don't they be committed to building infrastructure, which oils the wheel of productivity in the economy.
- Instead of increasing wages, which will end in importation, why don't they encourage domestic production and discourage over dependent on importation.
- Why don't they fight monopolies where they exist, to make the market competitive, in order to drive down prices.

If a 20years data on prices is compared or plotted against the minimum wage increases, the hidden and painful reality is the decreasing purchasing power of money over these years. If we like, let's have 100 sources of income or have our wages increase multiple times in a year, we will only wear and tear ourselves out. If this circle is not broken, the country will remain relatively stagnant as it has been over the years.

Mfoniso

08/07/2024

https://youtu.be/gchXVmOV0SY?si=PoXis0NsMGslNAER

The Official Video for the song "This God" by Annie ShineStream on all platformshttps://li.sten.to/AnnieshineFollow Annie Shinehttps://www.facebook.com/Annie...

25/04/2024

What Manner Of Man Is This Peter Obi? He Has Remained Consistent In Touching And Changing Lives In Nigeria.

The spotlight on Obi is just as if he's the one in charge of the government, all over the Press TV and Electronic Media, Politicians, Nigerians everywhere is Obi. He trends everyday on social media.

Truly whom God has blessed no man can curse. Obi paid the price and sacrifice of not joining his colleagues as governor to loot their states dry and then begin to run away from EFCC as we can see with almost all the governors and recently "The White Lion" Yahaya Bello ex-Kogi governor who has gone into hiding after stealing over N80bn from his state coffers, despite being the youngest governor in Nigeria's history he stole his state dry.

Obi has conquered greed and the spirit of Mammon and that's what made him standout.

Obi Visited The College of Nursing Sciences Kaduna, Donated N10m, Making It N30m Donation This Week For Health And Education In The North.

He said:

"After my visit to Madarasatul Hidayyatul Auladi Muslimima Kawo, Kaduna and FOMWAN Hospital in Badarawa, Kaduna, I proceeded to the College of Nursing Sciences, St Gerald Hospital, Kaduna."

"St Gerald Hospital is one of the oldest of such facilities in Northern Nigeria established in 1957, while the establishment of the College of Nursing Sciences followed thereafter."

"Today, with about a thousand students , the College has continued to train nurses who play very vital roles in our health sector. I supported them with the sum of N10 million for the training of more healthcare professionals."

"Health remains a critical contributor to national development and one of the critical measures of the human development index. I have continued to encourage investments in the human infrastructure of the health sector, which is the training and encouragement of healthcare professionals."

"By investing in the training of more health workers, we will build a strong health sector, effectively contributing to our human and national development."

"I encourage the governments, donor agencies and other well-meaning Nigerians, to join in this noble cause of supporting the training of more nurses and healthcare professionals for the ultimate development of the country. Building a very functional health sector remains critical in our journey to New Nigeria which I insist is possible and imminent."

I watched a video where Obi said that as Governor, he bought 30,000 HP computers for schools in Anambra.
When he ordered them, the company told him they didn’t believe it was possible for a Nigerian government to spend this much on it.

Protect this man at all costs.

They searched for crime to link him with while in private sector. They found nothing
They searched for any act of corruption as a Governor. They found nothing.
They tried to accuse him of not paying taxes.

He gave them his tax receipts of over 30 years.
They tried to incite the North against him using Religion. He went to the North, break Ramadan fast with them, ate with the poorest of the poor, provided water to many communities and empowered in the North.

They tried to impersonate him, duplicating his travel documents in order to implicate him with a crime. They failed again.
There's nothing else to use against him.

His name is PETER GREGORY ONWUBUASI OBI.
The ROCK and upon this ROCK a New Nigeria is POssible.

Copied
Obasi

06/12/2023

Marry an Economist,
💯 It's rational 👍