18,000 Naira Minimum Wage: Implications for Global Financial Meltdown

I may not be a financial expert, but I know that true wealth is money
saved not money spent. Hence, I am not a fan of interminable wage
increases in Nigeria (my opinion here only, believing my employers are
too busy to read my blog).

Seriously, our country would have been better off with much more funds
saved for the "rainy day." But the real problem is not the incessant
agitation for wage increases. It is rather the squandermania
disposition of Nigerian political class. The workers' quest for more
money is informed by the knowledge from the days of the military in
uniform that money denied the workers is siphoned and placed selfishly
in personal accounts abroad.

So while politicians are devising how to steal more, they are not
alone. ASUU, NLC, TUC, others are on their toes agitating how to
reduce the volume of money being stolen regrettably for their (our) personal pockets. Of course, we deceive
ourselves if we think that kleptomania left Nigerian politics after
the era of the "Fools" (by their own admission o!)

For now, let the pilfering and the agitation for more money continue
side by side until everything melts down. Then the Greek austerity
option will become inevitable and then the wool over our eyes will
disappear naturally. Only then, perhaps, will the senseless
liquidation of our common purse and killings in the name of God
dissipate. Sometimes I pity Him for what people do in His name:
destroying what He created and doing so on His behalf. Let the foolery
continue, the precipice is just by the corner.h is money
saved not money spent. Hence, I am not a fan of interminable wage
increases in Nigeria (my opinion here only, believing my employers are
too busy to read my blog).

Seriously, our country would have been better off with much more funds
saved for the "rainy day." But the real problem is not the incessant
agitation for wage increases. It is rather the squandermania
disposition of Nigerian political class. The workers' quest for more
money is informed by the knowledge from the days of the military in
uniform that money denied the workers is siphoned and placed selfishly
in personal accounts abroad.

So while politicians are devising how to steal more, they are not
alone. ASUU, NLC, TUC, others are on their toes agitating how to
reduce the volume of money being stolen regrettably for their (our) personal pockets. Of course, we deceive
ourselves if we think that kleptomania left Nigerian politics after
the era of the "Fools" (by their own admission o!)

For now, let the pilfering and the agitation for more money continue
side by side until everything melts down. Then the Greek austerity
option will become inevitable and then the wool over our eyes will
disappear naturally. Only then, perhaps, will the senseless
liquidation of our common purse and killings in the name of God
dissipate. Sometimes I pity Him for what people do in His name:
destroying what He created and doing so on His behalf. Let the foolery
continue, the precipice is just by the corner.

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