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What Government Gives To The Masses, It Returns To Them In Hundred Folds

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What Government Gives To The Masses, It Returns To Them In Hundred Folds
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What Government Gives To The Masses, It Returns To Them In Hundred Folds

Written By Paul Tosin
One of my craziest lecturer in Economics department said:

“No Free Launch Anywhere, Even when God give you something he still expect you to come back and thank him.”


It sounds stupid but he’s definitely right. So as the Government increased every commodities as par Increased in Minimum Wages.


I could remember early last year when NLC and other Labour Commissions yelling and ranting over the increaments of Minimum Wages as if it’s going to quell the economy problem generally!


Deep down me I shook my head and I shared with people this Particular request from NLC will end up in an unbearable disasters if federal government could grant this request.

What Government Gives To The Masses, It Returns To Them In Hundred Folds

What Government Gives To The Masses, It Returns To Them In Hundred Folds

On a monthly basis, consumer prices went up 1.3 percent, Nigeria’s annual inflation rate rose to 13.22 percent in August 2020 from 12.82 percent in the previous month.

It was the highest inflation rate since March 2018, as food prices increased to an over two-year high (16 percent vs 15.48 percent in June) Mostly refers to as ‘Hyper Inflation’.


September 2020 do you even know the persistence rise in general level of every commodities per price?

What Government Gives To The Masses, It Returns To Them In Hundred Folds



Increase in Minimum Wages in Nigeria always outcome to general rise up in every commodities.


People who doesn’t get minimum wage will be affected, Your fixed and constant monthly salary can never meet the standard of this flaws neither will it cover your expenses.

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Generally, the simulations show that minimum wage policies worsen the welfare of its intended beneficiaries, due to negative impact on prices and cut off employment.


Economically increase in minimum wages may cause low-skilled workers lose their jobs, which reduces their income and drops their families into poverty.

The Poverty story just begun, Up Nigeria Up National Congress.

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