saxywale:
Minimum wage per month for a full time job in Nigeria=N18,000
Note: some people earn much less.

minimum wage in USA according to OP = $8/hr.
Full time job is circa 40hours/week.
40*8=320
There are 4 weeks in a normal calendar month.
320*4=$1,280

Let's use exchange rate of N175=$1
therefore, $1,280*175= N224,000/month.

Minimum wage / month in Nigeria= N18,000
Minimum wage / month in USA = N224,000

saintkash:
a friend wrote this and he considered other factors unlike u
Sina Solaru
Price per barrel of crude oil a year ago
[January, 2014] was $97.92/barrel
worldwide. It is now $46.97/barrel.... Gas/
petrol was $3.28/gallon a year ago in the
U.S. It is now $1.89/gallon because of
demand & supply that controls the price. I
just bought a gallon of petrol/gas from
Costco at $1.89 cents/gallon today and since
1 gallon equals 3.78 liters, that equals to 50
cents per liter here in the U.S. That is
#92.50kobo per liter @ the exchange rate of
$1= #185naira ..... Per Capita Income in the
U.S. is $53,042 while per capita income in
Nigeria is $3,006 source: World Bank. That
means Nigeria is currently[until the so called
midnight] paying more at #97/liter than in
the U.S. at #92.50/liter. Nigerians should be
paying #5.24kobo per liter based on the per
capita income differential. Otherwise, the
result is still ABJECT POVERTY! Hit 'Like' if
you are not better off than you were 4 years
ago.

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

bishopclin:
"Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses" .

special19:

Who told you America is not an oil producing state? Simply because she is not an OPEC member? Just so you now, OPEC is a Cartel and anything Trust is illegal in the U S of A. Get your fact right.

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

Billyonaire:
Your brain needs vulcanizing. What's the relationship between minimum wage and pump price of petroleum product ? How much do you pay as tax compared to a US citizen. No wonder most of you are poor because you prefer the Cuban Communism type of governance where Government becomes Father Christmas. I do not even know why Jonathan cares, if I was him, I will allow you people to taste Buhari's killer machine for just 6 months.

eaglechild:
Did you clamour for a price increase when the price of oil skyrocketed?[/quote/]

No, I did'nt. The reason is, for every increase in price of fuel per barrel, there has to be corresponding increase in the income of d people.

Fuel is a determinant commodity in Nigeria economy. We buy Petrol for Generators and Cars, Kerosene for Stoves.

The President should think more about the standard of living of his people.

Nigeria is 5th in crude oil production. Was d increase in the price of crude oil then not meant to be at our advantage? @verygudbadguy


Using your theory does a decrease in price not correspond to a decrease in "income" of the government?

Is the decrease in oil price not to our disadvantage? Since it our major revenue earner the government has less money to spend.

What you should be asdking for is full deregulation which the government has been advocating and the masses have been rejecting.

With that the prices will correspond to international prices.

You are correct. It is a decrease in income for govt. Thats why we need to diversify the economy before its too late. Our economy shouldn't be reliant on Crude alone, there are other opportunities waiting to be explored.

Already, the money we realized as excess on crude oil price are being squandered on campaign and re-election. What's gonna happen if we deregulate totally?

duni04:

You're using both ends of the same stick to crucify Jonathan. When he wanted to remove the subsidy to encourage investors to build refineries and abolish the corruption in the petrol subsidy scheme, you refused. But now that the price of oil has gone down worldwide and we can't enjoy the benefits cos we still don't have any refineries, you want to crucify Jonathan again. You have to decide on exactly what you want.

bishopclin:
minimum wage in the USA is basically done hourly. It is an average of $8/hour. Meanwhile, it is pertinent to note that it all depends on how much time one can put in a month and the availability of the job

Keegan:


Did you just say abolish corruption?! Who? Gej?! He no fit, why couldn't he try to probe one, just ONE out of various other corrupt incidents that plague his administration like leprosy? Why is it always the subsidy palaver you Pro-jonathan refer to, and by the way who stops him from doing his job? The guy is a failure, an excuse specialist that is surrounded by incompetent opportunists engaging in a trial and error form of governance.

tonychristopher:
I noticed that gat most youths supporting buhari are sadist never do well that criticise and I call them bunch of Ingrates and pessimist


I gave up on them around 1522 BC before the amalgamated regions in Nigeria

My crystal ball told me that

So I am not perturbed

9icetoo:

In the USA supply and demand determines the final price. In our blessed Nigeria, the price is fixed by the government and not by economic laws. if the government decides to subsidize PMS to the amount you quoted above, we would be in even worse condition than we are presently. (We made a budget with oil at 75 dollars a barrel; now oil is way below 50 dollars a barrel, where do you think they will manufacture money to continue subsidizing this commodity and yet continue running the government? I still maintain that subsidy should be abolished. When it is, local refineries will spring, buy crude oil at competitive rates, refine and sell at even lower prices. Not to mention the jobs they will create during their construction and subsequent operation. win win situation for all.

nwanna89:
Minimum wage in USA is not 18,000 naira per month

duni04:

Who's pro Jonathan? I'm just trying to be objective. If we'd allowed the government continue with the deregulation of the downstream sector of the oil industry in 2012, we'd be enjoying N50 or even N40 fuel now. 3years on and we still don't have functional refineries, petrol is still expensive at N87 (when the rest of the world is enjoying cheaper fuel) and there's still subsidy corruption. So with the benefit of hindsight, who was right and who was wrong?

dguy4:
Op pls get ur facts right before you post anything, America is not an oil producing state, you just can't compare them with us when it comes to crude oil, u compare your stats. with an oil producing state.

9icetoo:

In the USA supply and demand determines the final price. In our blessed Nigeria, the price is fixed by the government and not by economic laws. if the government decides to subsidize PMS to the amount you quoted above, we would be in even worse condition than we are presently. (We made a budget with oil at 75 dollars a barrel; now oil is way below 50 dollars a barrel, where do you think they will manufacture money to continue subsidizing this commodity and yet continue running the government? I still maintain that subsidy should be abolished. When it is, local refineries will spring, buy crude oil at competitive rates, refine and sell at even lower prices. Not to mention the jobs they will create during their construction and subsequent operation. win win situation for all.

duni04:

Who's pro Jonathan? I'm just trying to be objective. If we'd allowed the government continue with the deregulation of the downstream sector of the oil industry in 2012, we'd be enjoying N50 or even N40 fuel now. 3years on and we still don't have functional refineries, petrol is still expensive at N87 (when the rest of the world is enjoying cheaper fuel) and there's still subsidy corruption. So with the benefit of hindsight, who was right and who was wrong?

bishopclin:
minimum wage in the USA is basically done hourly. It is an average of $8/hour. Meanwhile, it is pertinent to note that it all depends on how much time one can put in a month and the availability of the job

Truckpusher:
How productive are you?

This is the same Nigeria where civil servants resume for work whenever they like.

saxywale:
Minimum wage per month for a full time job in Nigeria=N18,000
Note: some people earn much less.

minimum wage in USA according to OP = $8/hr.
Full time job is circa 40hours/week.
40*8=320
There are 4 weeks in a normal calendar month.
320*4=$1,280

Let's use exchange rate of N175=$1
therefore, $1,280*175= N224,000/month.

Minimum wage / month in Nigeria= N18,000
Minimum wage / month in USA = N224,000

Okaka27:
yes!! U dnt have sense

Meaning wat? Oh yes u dnt have it a aaalll?

duni04:

You're using both ends of the same stick to crucify Jonathan. When he wanted to remove the subsidy to encourage investors to build refineries and abolish the corruption in the petrol subsidy scheme, you refused. But now that the price of oil has gone down worldwide and we can't enjoy the benefits cos we still don't have any refineries, you want to crucify Jonathan again. You have to decide on exactly what you want.

Kagarko:
So many other factors equally needs to be taken into consideration.

And thats before oil prices crash in the world market. And now its much more low.

Even if petrol is giving free to nigerians we will fulfill our resolve to vote clueless govt out come FEBUHARI.