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"Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" - Career (2) - Nairaland

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Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Akposb(m): 9:56am On Jul 13, 2021
This comparison is not necessary in my opinion. How do you explain the fact that labour and cost of products and services differ across countries?

6 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by greatiyk4u(m): 9:56am On Jul 13, 2021
I think this is very wrong


Many developed nations expertraits are paid $10k in Nigeria and they are very happy over that, what's your take on this?

4 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by DWJOBScom(m): 9:56am On Jul 13, 2021
Stop looking at the exchange rate
With 50M naira, I can still enjoy same amenities as enjoyed anywhere around the world.
Excellent health plan, good estate , Education etc.
I may even be better off than the dude in US or the cities mentioned by you as tax is so cool in Nigeria.
Am better off with 50m annually in Nigeria

15 Likes 1 Share

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by LutanFyah: 9:56am On Jul 13, 2021
Annual income of $100,000 is never a poor man's income in any country

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Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Igboboy59(m): 9:56am On Jul 13, 2021
Poor in other countries but Rich in Nigeria..
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by OkCornel(m): 9:56am On Jul 13, 2021
Nah…

In UK 50 million naira translates to £71,428 per annum. Even if 50% goes to taxes, utilities, rent and other deductions, £35,714 is more than enough to live a very comfortable life. Even if you’re a family man with a wife and 2 kids depending solely on you.

12 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Mayniaa: 9:56am On Jul 13, 2021
Crass. Why is 1000$ not equaling 1000 naira?

2 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by chyzoo4u(m): 9:56am On Jul 13, 2021
50M naira annually amounts to 4.15m per month which is over 8k USD.

An average person earns $4k monthly in the US.

There's no way someone will consider you poor for earning double of their average salary per annum.

11 Likes 3 Shares

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by mokkalu1(m): 9:57am On Jul 13, 2021
grin
A big fat lie. Earnings alone do not define poverty. If you're earning that amount and living in Nigeria, you can afford bits of luxury here and there. The person in the States earning such amount will definitely have more expenses than you. What matters most is what's left after you must have covered your needs.

2 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by babyfaceafrica: 9:57am On Jul 13, 2021
Lol
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by deniyor: 9:57am On Jul 13, 2021
Definitely not poor anywhere in the world. Even based on current exchange rates.

4 Likes 1 Share

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by KayCee92(m): 9:57am On Jul 13, 2021
grin
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by starpower(m): 9:57am On Jul 13, 2021
Mr man with 50m. What you can have left in savings those in that foreign countries have 100times in debt. Life is life, appreciate what you have.

6 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by brownemmanuel43(m): 9:57am On Jul 13, 2021
Op see how u just dey mention 50milla like say na 50 thousand, 100,000 dollars is not a change on average anywhere in the world

3 Likes 1 Share

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Gadafii: 9:58am On Jul 13, 2021
anything away from this fulani and cow enclave is welcome development, i am earning $2k/month in any of these places, i am okay, leave me to pay all the taxes or what ever

4 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by shegzhkn: 9:58am On Jul 13, 2021
kk.
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Oritna94(m): 9:58am On Jul 13, 2021
Una don start again? Comparing a third world country with the likes of USA. The standards are not the same. Do you have basic amenities in naija? Do you have emergency services? Do you have retirement benefits? You see retirees fighting for their rights and in the end nothing. I can go on and on. Just don't compare.

7 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by JesseJo: 9:58am On Jul 13, 2021
EzegeNdiigbo:
Let’s start with what the value
of $1000 is in the United
States. Is $1K valuable or
valueless in the US?




Do you know that in the US, some
average people’s monthly rent is
over $1000? We haven’t included
taxes and other monthly fees. Now
in Nigeria, apart from few places in
Lagos and Abuja, I don’t think there is a place in Nigeria where
monthly rent is above $100 for a
bedroom apartment. So you see,
with 50M naira annual income,
you’re a million in Nigeria, but a
poor or rather, an average man in the US, UK, and Canada.



DO YOU AGREE? A Man Who
Earns 50M Naira Annually In
Nigeria Is Considered Poor In UK,
US & Canada? Let’s hear from you.

That's an argument between me and my tight paddy!!!


Drop your comment below.

How can someone who earns $100K/annum be considered poor?

That's upper middle class bro.

3 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by aragonchuks(m): 9:59am On Jul 13, 2021
50 million naira is a lot of money anywhere in the world , only few people earn that much in America and also remember that life is what you make of it

5 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by tony0806: 9:59am On Jul 13, 2021
You mean $1000 for a MONTH'S rent?
EzegeNdiigbo:
Let’s start with what the value
of $1000 is in the United
States. Is $1K valuable or
valueless in the US?




Do you know that in the US, some
average people’s monthly rent is
over $1000? We haven’t included
taxes and other monthly fees. Now
in Nigeria, apart from few places in
Lagos and Abuja, I don’t think there is a place in Nigeria where
monthly rent is above $100 for a
bedroom apartment. So you see,
with 50M naira annual income,
you’re a million in Nigeria, but a
poor or rather, an average man in the US, UK, and Canada.



DO YOU AGREE? A Man Who
Earns 50M Naira Annually In
Nigeria Is Considered Poor In UK,
US & Canada? Let’s hear from you.

That's an argument between me and my tight paddy!!!


Drop your comment below.
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Vicben(m): 9:59am On Jul 13, 2021
They are back with this unintelligent topic again.

9 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by san316(m): 9:59am On Jul 13, 2021
What N50m can buy for you in Nigeria, 100k USD cannot get you in the US.

7 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by sorepco(m): 10:00am On Jul 13, 2021
Leave the op. He does not know what he is talking about. Not up to half of all Americans earn that amount annually! Note also that some one on that salary range hardly ever rent a house. They tend to buy a house n sublet to one or two peoples who end up paying the mortgage on the property! So op be mindful how u analyse...


Grupo:
Lol. You don't know what you are saying.

50m naira is equivalent of 100k dollars using today's exchange rate.

Anybody that earns that in the US and America is in middle class.

Average

1 Like

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by JesseJo: 10:00am On Jul 13, 2021
Grupo:
Lol. You don't know what you are saying.

50m naira is equivalent of 100k dollars using today's exchange rate.

Anybody that earns that in the US and America is in middle class.

Average income in the US is around 31k dollars.

100k dollars is tines 3 of that.

Just shut up abeg.

Thank you.

Dude is just simply unintelligent

6 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by elbarond(m): 10:00am On Jul 13, 2021
Hmm

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by danowena: 10:01am On Jul 13, 2021
Anikulhapo:
No, average annual salary in the US is not up to $80,000, #50m is around $100,000
I doubt if the Op is informed on economic situations.
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Mistykeen: 10:02am On Jul 13, 2021
Who earn #50m annually na big man for the 9ja first forget Yankee and UK

2 Likes 1 Share

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Jorussia(m): 10:02am On Jul 13, 2021
$100k per annum is a very huge salary anywhere in the world.

2 Likes

Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Premiumwriter2: 10:02am On Jul 13, 2021
DropsMic:
When my My grandma was alive she lived below $1 a day but she never went to bed hungry because she grew her own product... Back then if you dash her money she go dash the money to her lil grandkids she had no use for it.
your point is....
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by mikron(m): 10:02am On Jul 13, 2021
Different currencies, different way of living, different cost of products and services.
Rent is expensive in the US and UK than Nigeria
While food, internet and other basic things (aside accommodation) are cheaper there than Nigeria. My take

5 Likes

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