For a young Nigeria in university, be it year 1 to year 5, how much is average sustainable living expenses excluding school fees.
If a new university graduate is been offer a job to work inside the campus for the following i mentioned below, would you said that the private firm is fair or not?

Monthly (minimum of 1500 hours/year, or 5 hours/day)
Salary: 60,000 x 12 = 720000
Transportation Allowance = 12,000 x 12 = 144,000
Housing Allowance = 15,000 x 12 = 180,000
Feeding Allowance = 24,000 x 12 = 288,000

Qualification: Msc.

What do you think? Is it a fair offer? Let me know your thought.