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Nigerian Professors Among Best Paid In The World by atlwireles: 4:55pm On Aug 23, 2013
http://www.punchng.com/education/nigerian-professors-among-best-paid-in-the-world/

A new research has rated full professors in Nigeria’s public universities as one of the best paid academics in top 28 nations of the world.

Never mind the ivy league; professors in the maple-draped ivory towers of Canada are on average the best-paid in the world, new research shows.

This means the University of Toronto with the loftiest campus pay-cheques in the country, could have the highest paid teachers of all — save for the most famous private Ivy-schools such as Harvard and Princeton.

In a new study of public university salaries in 28 countries — from the knowledge hubs of Asia to the powerhouses of Great Britain and the United States of America. — it is Canadian professors who outstrip all others in their pay’s purchasing power.

Other countries in which salaries of professors are compared include Italy, which came second; South Africa, (third); India, (fourth); US, (fifth); Saudi Arabia, (sixth); Australia, (seventh); Netherlands, (eighth); Germany, (ninth); and Netherlands.

A Nigerian full professor, which according to the report, earns an equivalent of $4, 629 per month in public institutions, is rated the 13th best paid don among the 28 nations.

While some blame soaring salaries for driving up the cost of higher learning — Ontario economic guru Don Drummond has called for smaller post-secondary raises — others argue they give us an edge in courting the best and brightest.

“In an increasingly international labour market, it’s good to offer strong compensation,” noted education professor Glen Jones of the Ontario Institute for Studies in Education at U of T and who is part of the Canadian team of researchers on the study.

The research, released Thursday, was led by the Boston College Center for International Higher Education and the National Research University Higher School of Economics in Moscow.

The study adjusted the dollar-value of full-time salaries to the cost of living in each country to allow a true comparison of the value of the pay. In adjusted dollars, Canada’s average full-time professor earns $7,196 per month, compared to $6,054 in the US and $5,943 in the UK.

And while the study excluded private institutions, including ivy league names such as Harvard and Princeton, these are relatively small schools that likely would not have changed the US average by much, noted Jones.

“Canadian professors work hard, they’re productive and they’re one of the reasons our universities are relatively well ranked,” said Jones, “and unlike other jurisdictions, their full-time tenure stream is still strong.”

Some of the Nigerian professors who reacted to the report said that it did not reflect the general wages of a professor. They however admitted that with the new consolidated salaries in federal universities, the estimated earning might not be far from the truth as some of the most senior professors earn about N600,000 per month.

Asked whether a Nigerian professor earns the equivalent of $4, 629 per month, Prof. Ayodeji Olukoju, who is also the Vice-Chancellor, Caleb University, Imota, Lagos State, said, “I will say yes and no. Yes, because before I left the University of Lagos, a federal university over a year ago, a consolidated salary was introduced where most of our allowances were monetised and imputed into our salaries. And then if you were a senior professor, your salary would be over N500,000. I don’t know what the situation is now but the report may not be far from it.”

But is the wage the same thing in private universities? Some of the vice-chancellors of the private universities including Olukoju said yes. They said some private universities, including the Covenant University, Ota, Ogun State, were even paying a little more than the federal universities.

“If you don’t lure lecturers with good pay, they won’t come. That is why most of us (private universities) are paying even a little higher than the federal universities,” one of them who pleaded anonymity said.

A professor at the Faculty of Education, Lagos State University, Ojo, Ademola Onifade, who confirmed the report, however, explained that it was not all professors that earn as much. According to him, professors are in categories as seniority counts in deciding what a professor earns.

“The report is very close to it. But you should understand that a professor of one year experience will not earn the same thing with another one that has five or 10 years experience,” he said.

Asked whether there was disparity between the wage of professors in a federal university and that of a state university where he works, Onifade said no. “We earn the same wage. There is no difference,” he said.

But there’s a cost to those heady salaries. Canadian universities are increasingly turning to part-time, contract, lower-paid instructors who can be excellent, but who often say they are underpaid, overworked and unconnected to campus life.

And there are too many of these part-timers these days to ignore in any study of salary, warned Constance Adamson, president of the Ontario Confederation of University Faculty Associations.

“This study focussed on full-time tenured faculty but as we know, almost half of teaching is being done by non-tenured, contract academics staff,” she said. Still, high salaries are not out of line for a profession so highly educated that “most of them don’t get to start their careers until their early 30s.”

What else drives up these Canadian pay cheques? Almost all Canadian campuses are unionized, said Jones, and far more of our professors are full-time, tenured staff than other countries such as the United States.

Canada’s university professors saw their salaries climb by 46 per cent between 2001 and 2009 — nearly three times the rate of inflation, which was 16 per cent, according to Statistics Canada.

“A lot of it has to do with the way that pay levels were set when new money came into the sector at the turn of the century (2000) and we were trying to compete with American institutions,” said education analyst Alex Usher of Higher Education Strategy Associates. “And then the dollar rose by 65 per cent. And an extraordinary number of our institutions are trying to compete with the top tier of American universities.”

Physics professor George Luste is president of the University of Toronto’s faculty association, and he admits there are some blue-ribbon names on the U of T payroll.

“But they’re not typical,” he said. “It’s like having Bill Gates walk into a poor village and immediately raise the average income. There may be some professors who are making $300,000 — but they also work in an area where houses can cost more than $1m.”

Though, some professors in Nigerian university system though commended the federal and state governments for increasing their wages, they called on to inject more funds into the provision of physical and academic facilities in the nation’s universities.

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Re: Nigerian Professors Among Best Paid In The World by Nobody: 5:23pm On Aug 23, 2013
Can someone here remind me the reason why ASUU declared strike?
Re: Nigerian Professors Among Best Paid In The World by omenka(m): 6:19pm On Aug 23, 2013
maxwello.yg:
Can someone here remind me the reason why ASUU declared strike?


Some selected countries annual budgetary
allocation on education (Source - World Bank
2012)

1. Ghana 31.0%. 1st
2. Cote d’ Ivore 30.0%. 2nd
3. Uganda 27.0%. 3rd
4. Morocco 26.4%. 4th
5. South Africa 25.8%. 5th
6. Swaziland 24.6%. 6th
7. Mexico 24.3%. 7th
8. Kenya 23.0%. 8th
9. United Arab Emirate 22.5%. 9th
10. Botswana 19.0%. 10th
11. Iran 17.7%. 11th
12. USA 17.1%. 12th
13. Tunisia 17.0%. 13th
14. Lesotho 17.0%. 14th
15. Burkina Faso 16.8%. 15th
16. Norway 16.2%. 16th
17. Colombia 15.6%. 17th
18. Nicaragua 15.0%. 18th
19. India 12.7%. 19th
20. Nigeria 8.4%. 20th
(Last)


Source: www.impactng.com/impact/news_one.php?article=63

There you have it!
This is the part of the reason the government doesn't want you to know, and this is the major reason for their action.
Re: Nigerian Professors Among Best Paid In The World by Nobody: 6:50pm On Aug 23, 2013
omenka:


Some selected countries annual budgetary
allocation on education (Source - World Bank
2012)

1. Ghana 31.0%. 1st
2. Cote d’ Ivore 30.0%. 2nd
3. Uganda 27.0%. 3rd
4. Morocco 26.4%. 4th
5. South Africa 25.8%. 5th
6. Swaziland 24.6%. 6th
7. Mexico 24.3%. 7th
8. Kenya 23.0%. 8th
9. United Arab Emirate 22.5%. 9th
10. Botswana 19.0%. 10th
11. Iran 17.7%. 11th
12. USA 17.1%. 12th
13. Tunisia 17.0%. 13th
14. Lesotho 17.0%. 14th
15. Burkina Faso 16.8%. 15th
16. Norway 16.2%. 16th
17. Colombia 15.6%. 17th
18. Nicaragua 15.0%. 18th
19. India 12.7%. 19th
20. Nigeria 8.4%. 20th
(Last)


Source: www.impactng.com/impact/news_one.php?article=63

There you have it!
This is the part of the reason the government doesn't want you to know, and this is the major reason for their action.
That calculation did not take into account Nigeria's huge extra-budgetary spending in education such as TET fund, UBEC, NDDC, etc.

@OP..., dont mind the very greedy and mostly unproductive Nigerian lecturers.
Re: Nigerian Professors Among Best Paid In The World by Nobody: 8:26pm On Aug 23, 2013
SMH at them.
Some students are backing ASUU
Re: Nigerian Professors Among Best Paid In The World by billante(m): 8:56pm On Aug 23, 2013
And the ungrateful bastards are still demanding for more....the APC goons are there pushing ASUU to demand more, just because they are not controlling d center....meanwhile in some of their own state are having striking workers they haven't settled....I knw how long it took fashola and lagos doctors to settle, some people even sided the gov then and said the doctors were greedy....now GEJ must pay ASUU full demand says lai Mohammed! Politics of selfish interest

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Re: Nigerian Professors Among Best Paid In The World by billante(m): 9:02pm On Aug 23, 2013
omenka:


Some selected countries annual budgetary
allocation on education (Source - World Bank
2012)

1. Ghana 31.0%. 1st
2. Cote d’ Ivore 30.0%. 2nd
3. Uganda 27.0%. 3rd
4. Morocco 26.4%. 4th
5. South Africa 25.8%. 5th
6. Swaziland 24.6%. 6th
7. Mexico 24.3%. 7th
8. Kenya 23.0%. 8th
9. United Arab Emirate 22.5%. 9th
10. Botswana 19.0%. 10th
11. Iran 17.7%. 11th
12. USA 17.1%. 12th
13. Tunisia 17.0%. 13th
14. Lesotho 17.0%. 14th
15. Burkina Faso 16.8%. 15th
16. Norway 16.2%. 16th
17. Colombia 15.6%. 17th
18. Nicaragua 15.0%. 18th
19. India 12.7%. 19th
20. Nigeria 8.4%. 20th
(Last)


Source: www.impactng.com/impact/news_one.php?article=63

There you have it!
This is the part of the reason the government doesn't want you to know, and this is the major reason for their action.

If FG spends 40 percent of the annual budget on education and Boko is busy wiping out the whole north, the whole roads is craters and darkness is all over nigeria! I hope you will shake GEJ hand firmly for a job well done?!
Re: Nigerian Professors Among Best Paid In The World by soundtruth(m): 11:59pm On Aug 23, 2013
The write up is flawed, Government should stop beating around the bush. People should wise up and get the specifics.
Re: Nigerian Professors Among Best Paid In The World by omenka(m): 12:47pm On Aug 24, 2013
Sincere 9gerian:
That calculation did not take into account Nigeria's huge extra-budgetary spending in education such as TET fund, UBEC, NDDC, etc.

@OP..., dont mind the very greedy and mostly unproductive Nigerian lecturers.

Be sincere to yourself for once. Firstly, how do you know the "calculation" didn't take the said extra-budgetary spending into cognisance?? Secondly, do you have any idea what the figures of their own equivalents of the UBEC, TET, e.t.c., would be?? Or are you saying they don't have such "extra-budgetary" funding for education?
Re: Nigerian Professors Among Best Paid In The World by Emylexray(m): 1:58pm On Aug 24, 2013
No wonder majority of them (professors) would rather die in office than retire!
undecided


who no like better thing? grin
Re: Nigerian Professors Among Best Paid In The World by Acecube(m): 2:00pm On Aug 24, 2013
And they hardly do the Job they are paid to do. They are simply overpaid. angry
Re: Nigerian Professors Among Best Paid In The World by Nobody: 3:17pm On Aug 24, 2013
Who else is wondering why ASUU wanted the retirement age shifted from 65years to 70 years?

Now you have your answer cheesy cheesy cheesy
Re: Nigerian Professors Among Best Paid In The World by Nobody: 5:57pm On Aug 24, 2013
LMAO
oluafolabi: Who else is wondering why ASUU wanted the retirement age shifted from 65years to 70 years?

Now you have your answer cheesy cheesy cheesy
true talk#

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