NewStats: 3,263,953 , 8,182,072 topics. Date: Monday, 09 June 2025 at 02:59 AM 71593p

https://www.youtube.com/watch?v=SXRyNAQcgLM?si=Hm1XEEcOggJFESdx

Governor Charles Soludo warned that an unsustainable wage might lead to job losses and spiral economic challenges 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 N62,00 being proposed by the Federal Government and the N250,000 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.

He warned that an unsustainable wage might lead to job losses and spiral economic challenges in the country.

https://www.channelstv.com/2024/06/12/i-pity-tinubu-if-he-approves-unsustainable-minimum-wage-soludo/

Soludo is disappointing me with his statements on this minimum wage





You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuses that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?




Keep giving opposition chances to push you out!

As a former CBN Gov, He knows best and I'm sure PBAT share same ideology too

They wouldnt approve what State Gov would struggle to pay in the long run

If you disagree with this, just than you arent smarter than Soludo

That's what he is about to do. Who don't known Tinubu, Giver of hardship

Soludo understands the economy not like the bitter grieving obi 3rd class graduate of philosophy

Minimum wage should actually be reduced to 10k.

Nigerian workers are not doing anything. Uterly useless and unproductive people.

Na to de clamour for pay rise them know

Rubbish

And hey, I just want to let you know that beans will sell for 4k per kilo next year. So start clearing that 2 plot in your backyard in preparation for the planting season

De play

christejames:
Soludo is disappointing with his statements on this minimum wage





You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuse that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?




Keep giving opposition chances to push you out!

U wan push who out??

I can bet my balls that you're not even in Anambra state...Lets meet at Ukwuorji, close to Paul University, Awka tomorrow evening if truly you are in Anambra state

Una go siddon for SW dey predict wetin no real for here

If only u know how hard the man is working....that aside sef, na only one vote u get and that wont stop CS next year

See how Orchins above are happy that their 30k will not be increased
They are used to it already.





Stockholm Syndrome things,

christejames:
Soludo is disappointing me with his statements on this minimum wage





You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuses that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?




Keep giving opposition chances to push you out!

Paying such 'huge' amount will reduce their loot. Governors claim to be technocrats but they lack ambition and are not able to imagine big and build a big and functional society.

christejames:
See how Orchins above are happy that their 30k will not be increased
They are used to it already.





Stockholm Syndrome things,

Theres nothing Swedish about this

U arent on ground to see the reality for yourself...that CS gave his opinion as a Gov and Economist isnt gonna affect his re-election one bit

Soludo can you pay 10k?

EmeeNaka:
Paying such 'huge' amount will reduce their loot. Governors claim to be technocrats but they lack ambition and are not able to imagine big and build a big and functional society.

Excellent!

EmperorCaesar:
As a former CBN Gov, He knows best and I'm sure PBAT share same ideology too

They wouldnt approve what State Gov would struggle to pay in the long run

If you disagree with this, just than you arent smarter than Soludo

Seun made the same submission on Twitter, and cursed his lineage😊

EmperorCaesar:


U wan push who out??

I can bet my balls that you're not even in Anambra state...Lets meet at Ukwuorji, close to Paul University, Awka tomorrow evening if truly you are in Anambra state

Una go siddon for SW dey predict wetin no real for here

If only u know how hard the man is working....that aside sef, na only one vote u get and that wont stop CS next year

Laughing at your overbloated ignorance 😂





Let's link up at Amawbia so that I can buy you beer.

They always want to impoverish the masses buh take home millions of naira.

Tell me what you can buy with 62k in this current economy?

Tinubu falling and the falling of economy are like 5&6

christejames:





Laughing at your overbloated ignorance 😂





Let's link up at Amawbia so that I can buy you beer.

I'm Game bro

COMRADES, tinubu is myopic and also a disaster right from the beginning

FreeStuffsNG:
O pari. HE Soludo is always brutally frank!
The minimum wage for FG should be a reference average with +/-15k range, it should not be imposed on organisations that are not under FG.

May God bless Nigeria for ever! Check my signature for free stuffs!

Peter Obi nightmare. Obi giving you migraine

SwissMass:
Soludo understands the economy not like the bitter grieving obi 3rd class graduate of philosophy

Peter Obi giving you migraine

christejames:
Soludo is disappointing me with his statements on this minimum wage





You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuses that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?




Keep giving opposition chances to push you out!

I'm sure you know better than Soludo

Nigeria's GDP per capita is 2162

2162/12 = 180 output p/m in USD

180/0.5 fact out profits est = 90 avg wage est

90/0.5 optimistic avg wage min wage gap = 45

45* 1.4 =63k min wage est thats before factoring in corruption and other inefficiencies within the system.

The internet is where the uneducated think they know more than the educated.

Those who watched his speech already know his drift based on the grim statistics he presented. Nigeria is not structured in of governance to be able to solve it's ever increasing multifarious problems. If you ask me, I'll tell you Soludo does not believe Nigeria has a future.

EmperorCaesar:


Theres nothing Swedish about this

U arent on ground to see the reality for yourself...that CS gave his opinion as a Gov and Economist isnt gonna affect his re-election one bit

So you don't know what stólkholm syndrome alludes to😂

Illiterate people will come here to argue with Soludo. Abia state still dey struggle with 18k.

UnitedKingdom:


Peter Obi giving you migraine

Ask those in your family where migraine is prevalent

SwissMass:
Soludo understands the economy not like the bitter grieving obi 3rd class graduate of philosophy

where he is right now, you cant be there. Someone who is now a private citizen

There are currently job losses, companies shutting down because of Tinubulation. The economic challenges that Soludo is predicting is already happening and it has nothing to do with minimum wage.

Grab it, run with it, emilokan, cho cho cho.

Oya show workings, Tinubu decided to drag Nigeria 40 years backward.

christejames:
Soludo is disappointing me with his statements on this minimum wage

You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuses that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?


Keep giving opposition chances to push you out!

When technocrats speak, I prefer to listen. Wages isn't sentiment.

Because some states pay 70k does not mean all can afford it. When Aregbesola became governor of Osun state, he went on a hiring spree.

When the budget allocation to the state collapsed, he did not pay government salaries for 11months.

Workers salaries aren't based on sentiments. They are made with hard facts.

The least a Nigerian worker should earn is 80k, anywhere in the country. Even a sales girl in a village. I mean at the very lowest but how many in the private sector can afford it? No be say person wicked but that's the painful truth.

Another thing is -how many government workers deserve this pay? The civil service is bloated and service delivery lamentable. Too many workers doing next to nothing. Worse, they are even counterproductive by creating unnecessary red tape and demanding bribes. I am certain if most states slash their payroll by 70%, many can still perform optimally. After slashing the payroll, salaries should be improved.

christejames:
Soludo is disappointing me with his statements on this minimum wage





You were perceived as a technocrat and made the governor of one of the most vibrants and richest states (in both human and commercial/industrial resources) in Nigeria, but you are giving excuses that you can't pay something less than 70k? When some states like Edo and Borno that are seen as commercially inefficient are proposing more than 70k?




Keep giving opposition chances to push you out!

Not until they have a hold on power before you understand these people

Where technocrat dey for where Belle-nocrat takes over their existence

EmeeNaka:
Paying such 'huge' amount will reduce their loot. Governors claim to be technocrats but they lack ambition and are not able to imagine big and build a big and functional society.

Salary is recurrent spending.

You want to increase salaries for a bloated civil service? I am sure if some states sacked 70% of their labour force, they can still perform optimally.

BIA one term governor as you call yourself, Biko Kam jugo du I, , does it mean you are over taxing ndi Anambra for nothing ?

Soludo , Anambra is one of the richest state in Nigeria, Anambra state can pay the minimum age very well you are just being stingy and wicked. No one should quote me this afternoon , I haff headache

How come soludo is not proffering solution to problem that is making labour demand for an increase in wage. He is against government increasing minimum wage to something decent, but he is tongue-tied to suggest policy that won't make labour clamour for a payrise.