Consequential Adjustment: A Threat To New Minimum Wage

Written by Idede Oseyande

Consequential Adjustment: A Threat To New Minimum Wage

Are you aware that today is the Internation Day for #Poverty? Yes, you read it correctly, Poverty!

Are you also aware that the present Federal Government of Nigeria, under the ‘#impeccable’ leadership of President Muhammadu Buhari, has promised to lift over ten million Nigerians out of poverty? Hope you will be among those to be lifted!🤪

Now before we talk about poverty, I am sure you read the title of this article.
Yesterday, I followed the debate between labour union leaders and government representatives and I could not help but laugh when the government officials kept using the phrase ‘#Consequential_Adjustment’.
Do you know why it made me laugh?
We tend to put up a good vocabulary when it comes to manipulating the masses.

It reminded me of my first year at the University. Before our matriculation, we had the first list of admitted students, then the second and the third lists released. Normally, the third batch was supposed to carry admitted students based on different criteria not necessarily merit. That’s the list where different yardsticks are used to determine who makes it.

In some quarters, they call it the Vice Chancellor’s list. That year, while we thought it was finally over as the different lists have been published, Alas, on the matriculation day, a list was published with the title #Attrition list!

So when the person speaking on behalf of the federal government kept repeating consequential adjustment, my mind went back to the attrition list.

The manipulative nature of leaders in Nigeria is legendary. I remembered what workers used to say, under the era of former President Olusegun Obasanjo:
‘#baba adds to salary with one hand and takes it with another hand’.
Relying on government, especially that of Nigeria, to secure your financial future is like jumping into a well as an adult and giving your five-year-old child the rope to pull you out. Leaders that have plunged the nation into debts cannot take you out of poverty.

The truth is, salary is not a sure guarantee to take anyone away from poverty. When the salary stops coming, what would happen?
It is even riskier to depend on salary as the panacea for poverty in a country like ours that has a long history of insensitive government at all levels. Though the percentage of Nigerians in the civil service is quite negligible, however, the government at state and federal levels are already talking about adjusting the money that was not enough ab initio.

Without mixing faith with reality, to escape the poverty zone in Nigeria is a personal task for all Nigerians.
As a matter of fact, government policies, instead of aiding the upgrade, is expanding the pool for poverty-stricken Nigerians to wallow in

As it stands, a working-class in Nigeria today, earning an average of a hundred thousand naira, has so many mouths to feed which makes the individual look like a job seeker. This is why there don’t seem to be any change in financial status when some persons get seemingly well-paid jobs.

Nigerians must take drastic steps to help themselves. Every Nigerian should see itself as an abandoned orphan. It is glaring that we have been abandoned by those elected to take care of us and our resources.

The onus lies on us as individuals to leverage global opportunities and develop a #spartan lifestyle that would help cut out excesses with respect to spending.

There is an African proverb that says; “An orphan with no parents to counsel him takes the counsel given to those that have parents”.

Details on how to escape this poverty zone would be discussed in subsequent posts.

Until then, remember, #Leverage is the new Crude Oil.

IDEDE Oseyande

Poverty #MinimumWage #ConsequentialAdjustment #WealthCreation #Government #Tradepolicy #Africapitalist

About the author

Idede Oseyande

IDEDE Oseyande, a graduate of the Federal University of Technology, Akure, is an unrepentant believer in the Nigeria project.
His concern for the actualisation of a prosperous nation and the continent, in general, is reflected in his written works.

He currently runs an online advocacy platform (www.socialwatchdog.ng) where he engages the government and the people.

Among his published works are 'What is Left of What is Right?', 'The Portrait of a Revolutionary Leader' and 'Warri No Dey Carry Last'.

He is a guest writer for several blogs and his Attitudinal and Behavioral Coaching classes has transformed many lives.

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