Jonathan’s gift to workers: Minimum Wage now N18,000 (Page 3)

The repercussion of Jonathan's salary will be highly devastating just like the one Obasanjo did in 1999. As a student of economics, salary increase only brings more poverty as I will identify below:
(1. First of all, Nigeria is a not a producing nation; we import almost everything from electronic gadgets, cars , matches and surprisingly toothpick thereby killing the existing small scale industries. This salary increase will increase market demands and thereby cause inflation of huge consequences.
(2.) The most devastating strain will be on our foreign exchange. By the time the increase is actualised, the pound will be hitting 400 Naira per unit.
(3.) The general market price level of goods will generally follow suit and we will all be back to square one because the Naira will become valueless
(4.) More people will lose their jobs and unemployment will increase because most companies and government establishments will not afford the new jumbo rise.

The government officials should rethink their decisions and instead develop the infrastructural platform for Nigeria. The government should rather invest the money in building and improving infrastructure.: electricty, roads and water. This will rather improve the poverty level in the country and generate more jobs.

if nt bcos of d corruption dat has eating deep in2 d fabrics of dis country wat hs he done,it shuldn't b a privilege rather our right.18k is been greetd n applaudd like 18mil.Mind u,dis civil servants 've kids wit som in higha institutions...nw do d maths.All in all he's doing more dan d sick president has done n we cn only hope he continues dis way