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Nairaland Forum / Nairaland / General / Career / The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think (34358 Views)
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Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Krank: 11:18am On Jul 05, 2016 |
Op, your post is not totally correct. No multinational Coop. charges 20% interest on loans. Secondly, the experience of one person cannot be used to generalize. Thirdly, the multinationals still pay stupendously well that an average oil worker can CONVENIENTLY buy land without borrowing, and build houses with very little loan, and still live a very good and charmed life. I know because I work for a multinational oil company. An oil worker who is disciplined, and invests well, can NEVER be poor or live an average life. Those who struggle are those who squander their resources on mistresses or irrelevancies. The salaries and allowances paid are pretty good. I won't say more. I will rather work for a multinational a million times over than engage in "hating" or "beefing" oil workers. And by the way, there is job security too. And if for any reason, you want to be laid off, it is usually with some very good severance packages. OP, pray you get into one. Cheers! 6 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by shevon: 11:19am On Jul 05, 2016 |
joedams:Who have these people been talking to? Except you are a manager with one of the IOCs or an offshore guy with a servicing company that has a well paying contact (who cares enough to consider their staff) there is no way in hell you can earn this much. Never! 2 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by kabanayol9(m): 11:20am On Jul 05, 2016 |
Please get me one bro and see for yourself how I plan myself. 1 Like |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by 0ubenji(m): 11:21am On Jul 05, 2016 |
That's 100% her headache...a retrospection of her mismanaged life cnt be a yardstick to exemplify evri oil worker.. I knw oil workers(mobil & shell) who are financially reasonable nd not disillusioned wit living a lifestyle evri1 expects of u juz coz u av a supposed "dream job".. They weren't coerced into squanderous lifestyles by churches in d name of religious appointments..etc.. This is wah u get from impatience by putting carts b4 horses 2 Likes 2 Shares |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Izonpikin: 11:24am On Jul 05, 2016 |
Sacluxpaint:that's one serious problem Bro. ..I think you need to search well for sincere persons to partner with....you married? 1 Like |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Fran6ik: 11:26am On Jul 05, 2016 |
goodluckebi:dey r still flourishing oo.. deir allowances na badoo |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by mrdharkchild(m): 11:29am On Jul 05, 2016 |
yes there are. JOB RITUAL ND ARMED ROBBERY joedams: |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Nobody: 11:38am On Jul 05, 2016 |
Izonpikin: Not yet Sir |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by 0ubenji(m): 11:39am On Jul 05, 2016 |
Sacluxpaint:Kindly take ur time to ansa dese questns sir wit a plausible reason if u r gon ansa in the non-affirmative.. 1. Can u go into business partnership with som1 whose financial status is way below urs? 2. If som1 acquaints u with a business idea dat seems promisin to u...wud u invest in it?(Provided d person is convincin enuf to earn ur trust) |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by alphamodel1(m): 11:39am On Jul 05, 2016 |
Izonpikin:Guy! Truth is relatives will always be there to beg for one favor or the other once they hear u're working even if u are a bartender. But u ve to find a balance , plan n be self disciplined. Thats my point brov 1 Like |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by vislabraye(m): 11:39am On Jul 05, 2016 |
If oil workers can complain, what do u expect of bankers or teachers ? Abeg oil is still the best. 3 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by gabicon: 12:00pm On Jul 05, 2016 |
I grew up around oil n gas workers, the wise onces didn't live above their means and made good investments. The foolish once went on vacation every summer, bought a new car every three years and retired without a house or business to call their own, refer to them as having worked for a multinational but not for themselves. The good thing is that the wise out numbered the foolish. 2 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Izonpikin: 12:06pm On Jul 05, 2016 |
alphamodel1:that's very correct... |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Izonpikin: 12:10pm On Jul 05, 2016 |
Sacluxpaint:as a single person it's much easier to invest with less responsibilities... Once married wahala increases... 3 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Kakamorufu(m): 12:23pm On Jul 05, 2016 |
Goddygee:yess ooooooo |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Jarus(m): 12:27pm On Jul 05, 2016 |
I have worked in the oil and gas sector all my post-NYSC career of over 8 years. I think what the OP said is largely true. A number of points I want to make 1, There is tendency to be ostentatious among oil and gas workers to live up to societal expectation of "oyel" worker. But personal discipline makes a difference. I have a junior colleague that was earning less than me and living in a 2.5m rented apartment in Lekki Phase 1, while I lived in a 500k per annum house in inner Ajah while doing projects.Although we can argue these are personal choices, convenience comparison etc. Unfortunately, the friend was affected by a recent job cut. 2, There is pressure from friends and family, but this is the case for every working person irrespective of sector. In fact, maybe bankers even have more pressure (well, until recently). 3, Banks chase you with personal loans because they know you have a means to pay back. 4, Many oil and gas worker feel too arrogant to engage in side businesses. I spent the first 6 years of my career having that mentality too. It was only recently that I converted. Despite working in the industry, I run 2 small businesses (career consulting and a barbing salon), whose combined annual turnover is less than my 2 months salary. But I know I have something by the side. Many oil workers "pity" me. A colleague, an HR person that knows my pay, reading my personal text (on my career consulting) saw where I sent sms to someone to pay 3k for CV review service and was shocked. She doesn't know what the little drops from side business can do. Overall, I think if you get a good job in an oil and gas company, especially upstream, with proper discipline, you can do wonders with your life in few years. 13 Likes 8 Shares |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Kakamorufu(m): 12:28pm On Jul 05, 2016 |
Why should i spend 5million bills on wedding? Where am from, 100k is enough if you plan well, no be by force to make noise for weddings abeg. And, if i can be earning 1 million naira per month, i will have no second tought about obtaining loan from anybody, i knw the way i manage and spend the little i have for now, not to talk of millions. In the end, with my savings, its to start my own bussiness and make more cash 2 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by egariyi(f): 12:45pm On Jul 05, 2016 |
The poster painted a true picture of the life of an oil coy worker in Nigeria. Weather you like it or not, this is the average life style of most oil workers. Very few are wise and real. Afritop: 4 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Nobody: 1:03pm On Jul 05, 2016 |
i didnt boda reading,cos i no wot the op will be saying is dat,oil work is nt as lucritive as wot pple think wich is a lie...... all na lie,u can still tink of Land of 15m go and ask ur colluages working in the bank that u started together they cant dear tink wot u r tinking,u beta sit down in ur oil company and be thankfull for the job God gave u...........#It is only a great fool that is not gratefull 4 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by InvertedHammer: 1:12pm On Jul 05, 2016 |
/ I don't think anyone thinks that oil workers make a lot of money. But considering that they earn such in Nigeria where most people will be glad to earn N200k/month, then it becomes clearer why they feel like kings. From the OP's assertion, it seems that the illusion and mirage are self-inflicted. There is no rule that says that the timeline stated must be followed. Anyone earning such in Nigeria and still broke will still be broke even if earning N10m/month. It is known as living above one's means or worse, competing with the Jones. \ 5 Likes 1 Share |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Nobody: 1:12pm On Jul 05, 2016 |
Femich18:i wish i could like ur comment 10 times....... 1 Like |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Nobody: 1:20pm On Jul 05, 2016 |
kokosheen:must dey buy range rover and benz....wot happened to toyota and honda..... |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Nakarey(m): 1:32pm On Jul 05, 2016 |
please any oil and gas person should help me out here... how much does welding engineers earn in an oil and gas servicing company, entry level?? I am having an interview soon. thanks @jarus |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Ralphlauren(m): 2:03pm On Jul 05, 2016 |
Jarus: you are always 'dropping' your salary at any given opportunity. alfa, who asked you how much you earn grow up dude. this is getting boring. i was expecting you to come and fart on this thread and you didnt dissapoint. 4 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Maser: 2:54pm On Jul 05, 2016 |
Nothing could be truer! The OP just described the life of not just an oil worker but anyone with fat earnings. I saw it work first hand. Lesson: No matter your earnings, try to keep life simple. Get a simple car, build a simple house and keep your kids in nice but inexpensive schools. It will help you enjoy the money more rather than massive expansion of your expenditure profile to suit your high taste. Borrowing from the banks is really the bit that suffocates many. Enough said already! 4 Likes |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by ephi123(f): 3:00pm On Jul 05, 2016 |
Izonpikin: |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Izonpikin: 3:39pm On Jul 05, 2016 |
ephi123:my dear you go tire for the begging.... ...All your relatives we no know you before go know you...and something punish u u come go drive fine car go ya home town ...Cheiii. .. |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by luckynzo(m): 3:58pm On Jul 05, 2016 |
AnakinSkywalker:Without mincing words, this is a very irrational post. Are you kidding me? Do you know how many people will kill to have an oil job. All that money and they choose to live a lavish and reckless lifestyle? Any oil worker that finds him/herself in the situation you've just painted will be in the same situation even if they're Bill Gates. The money will never be enough because the more money they make, the more lavish their lifestyle People are crying for a $5000 annual income and somebody with a $40000 -$120,000 annual income is crying. Oya na. Let's switch places. I make N100k monthly and I still have dependents. 1 Like |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by ephi123(f): 4:19pm On Jul 05, 2016 |
Izonpikin: Haha! Na so o, no be small thing! |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by ephi123(f): 4:24pm On Jul 05, 2016 |
The truth is managing money is not dependent on the amount you earn. He who is faithful in little will be faithful in much and vice versa. As income increases, expenses rise to the level of the income. I have a friend whose salary doubled and yet almost a year into the new job she has not saved anything. So I have realized that ultimately how you choose to manage your financial life is your choice, along with the consequences of course. 1 Like |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by abike12(f): 4:36pm On Jul 05, 2016 |
Starting a business will not help you if you don't learn the difference between needs and wants. Also, why loan 50m for house, car and wedding? It's ok to do these things one at a time. If some O&G workers are struggling to maintain the 'too much money' lifestyle that they chose, that's their business. Don't discourage people from seeking those opportunities because not everyone is a spendthrift. |
Re: The Illusion Of Big Pay: Nigerian Oil & Gas Workers Ain't Exactly What You Think by Chukzyfcb(m): 4:39pm On Jul 05, 2016 |
Anyone can receive money but the real deal lies in what you do wit the money. If you are an Oil worker earning 1m & in atleast 2yrs of working. You cannot boast of even a plot of land, you need serious financial education. The mistake people mak is rushing to build thier personal house whereas they could build/buy something for rent purpose that will generate money over time to acquire your dream house. Your job will not always be there o, your health may not always be sound. No one knows whats gon happen the nxt minute, so therefore provide a 2nd source of income asap. 1 Like |
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