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In a week where Nigeria’s government outmanoeuvred trade unions but inevitably booted the ball up the pitch, questions still arose about its budget.
Meanwhile, security dominates the discussions next door, amid concerns that Nigeria may be inadvertently breeding a militia.
Meanwhile, security dominates the discussions next door, amid concerns that Nigeria may be inadvertently breeding a militia.
On the minimum wage palaver, the key point to note is that @AsoRock has been unable to fund salary payments at the ₦18,000/month level from its revenues, and most states need to be bailed out periodically at that amount.
An analysis by @BusinessDayNg projected that an acceptance of ₦30,000 minimum wage (a 66% rise) by @MBuhari will cost @AsoRock an additional ₦1.25 trillion annually, a move which renders the proposed #budget2019 obsolete, and plunges #Nigeria deeper into the debt conundrum.
