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FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors - Education (5) - Nairaland

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Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Nobody: 7:20am On Jul 15, 2022
It's very doable but considering the wastage and greed of the govt, it would be hard to agree on this.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Jones4190(m): 7:20am On Jul 15, 2022
tony0806:
2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira, that's a total income of 1,200,000 x 414 = 496,800,000.

THEN; 496,800,000 x 30 days = 14,904,000,000. This is approximately Fifteen billion naira FROM CRUDE OIL MONTHLY (Nigeria's income from crude oil).

Summarily, the nations income (from crude oil) AS AT TODAY CAN'T settle ASUU's demand. This draft proposal is just for academic staff salaries oooo. We've not mentioned other items.

SSANU, Non academic staff, etc have not been mentioned oooo.
Other government establishment have not been mentioned oooo.

Anyway, the government has enough money. Else, where are they getting money to pay NPOWER between 12 to 15 billion monthly? What of the one they said they share to the poorest people in Nigeria monthly, etc.


I'll come back to modify my comment later

your calculations is wrong
Nigeria produce 2.5 barrel of oil per day at the rate of $100+ per barrel,
2.5 × 30 =75,000,000
a barrel of oil is $100+
}75,000,000 × $100 = 7,500,000,000
} a dollar is 414
}$ 7,500,000,000 × N414 = 3,105,000,000,000

Nigeria is bastardry rich, our leaders are useless
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by ramon212: 7:21am On Jul 15, 2022
lawrenzooo:
Thank God it was the federal government committee that made the recommendation and not ASUU demanding for 2 million. Am not sure our government value our education that much to want to Pay a prof. Over $3000 per month.

Am sure salary and payment issue were not the only thing in the report. They should stop making it look as though salary and allowances are the only thing ASUU is fighting for there are other issues as well.

If some of the terms on that report is not workable what happens to renegotiating and working out the workable ones?

Summarily : Our leaders are not yet ready to upgrade our education system.
Hopefully Nigerians make the right choice next election.

professors that do not attend classes.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by ruggedtimi(m): 7:22am On Jul 15, 2022
Prof, medical doctors too....and a salary increase for police. Everybody need am
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by sgtponzihater1(m): 7:23am On Jul 15, 2022
Lecturers are not even paid that much abroad, so why are Nigerian lecturers asking to excessive wages?
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Freelane33(m): 7:25am On Jul 15, 2022
Politics
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by michoim(m): 7:26am On Jul 15, 2022
tony0806:

*MODIFIED*

2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

Wrong calculations. The price and amount of crude oil production flunctuates unfavourably. Also the total amount earned does not go to FG alone. FG only has 60 %...
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by GodPrince: 7:27am On Jul 15, 2022
Fearyourcreator:

The project them give you wey you summit hope na you write am sha
exactly, I did it my self. A project the lecturer couldn't have done himself
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Devil1Messenger: 7:29am On Jul 15, 2022
Golan007:


Even if they are just 2 in number, they don't receive bribe?
An Edo man go collect ur bribe because na our money and still do wetin he feel is right.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Obidient4life2: 7:29am On Jul 15, 2022
socialmediaman:
The average salary of a college professor in America is about N4 million naira monthly plus or minus (using N500 to $1)

The average cost of a 2 bedroom apartment in America is about N7 million annually, while the average cost in Nigeria (Lagos mainland) is about N700,000 annually

So based on this very simple comparison, why does a college professor in Nigeria want to earn half the salary of an American college professor when his expenses and standard of living are over 10x less?
How much is our Senators earning and how much is American senators earning?
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by phymat(m): 7:30am On Jul 15, 2022
[quote author=tony0806 post=114744373]
*MODIFIED*

2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

Do you know that after making that 1.3trillion , the NNpc will remain fuel subsidy which is a lot percent of this money before surrendering the rest to FG. State and local govt.

1 Like

Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Golan007: 7:31am On Jul 15, 2022
Devil1Messenger:

An Edo man go collect ur bribe because na our money and still do wetin he feel is right.

Stop lying man.

Some of us have stayed years in Edo state.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Devil1Messenger: 7:32am On Jul 15, 2022
Golan007:


Stop lying man.

Some of us have stayed years in Edo state.
So u believe Edo man go collect ur money and do ur biding ?
Never
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by tony0806: 7:32am On Jul 15, 2022
[quote author=phymat post=114746181][/quote]

You are right. May God help our Nation
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by mcdokwe(m): 7:32am On Jul 15, 2022
tony0806:

*MODIFIED*

2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.


so even if the government earns and can account for this earnings as postulated, na only ASUU dem dey earn am for, okwa ya?
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by justmondris: 7:34am On Jul 15, 2022
tony0806:

*MODIFIED*

2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.


There is no need to waste your analytical talent on issues that have to do with this country. The same FG that refused to pay ASUU and don’t give a F…k about the strike, is here saying nonsense.

I strongly believe that the money they will pay those professors for just one month, is more than what ASUU has been demanding for months now and they refused to pay.

This is nothing more than an election campaign scam.They just want to give those professors hope so that they will campaign for them during lectures.

1 Like

Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Franking: 7:34am On Jul 15, 2022
Where's the money na? The national assembly consumes most of it.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Sheggy13(m): 7:38am On Jul 15, 2022
IboHausaYoruba:
I promise you that Obi will implement 3Million per month for all professor if we can support him. That's why they have started having sleepless night because of Obi and Obidient people. You think it's a child play for Afenifere to declare for Obi, you think it's a child play for Simon Ekpa to stop sit at home and become Obidient, you think Mazi Nnamdi Kanu didn't see the future to have commanded all Nigerian youth for Obi. At the mention of LP, other parties become jittery. Enough is enough, all old cargos and drug barons must retire from politics by fire by force.
Obi would pay Professors salary #3 million per month yet Anambra State University lecturers went on strike for over 5 months during Obi's time as governor because of their poor pay that isn't at parity with their colleagues in Federal Universities, when some states were even paying their lecturers more than the salary scale used for federal Unis. This is the same man that has suddenly become a magician to solve all Nigeria's problems and pay professors #3 million monthly. I just laugh at this stupid hype and noise you people from the South East are making on social media about this Obi.

https://www.vanguardngr.com/2010/10/anambra-varsity-teachers-move-to-end-strike/

2 Likes

Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by PJ123: 7:40am On Jul 15, 2022
If the content of the proposal is actually true, then ASUU members are nothing but confirmed thieves as their counterparts in politics but in academic gowns.

Even in decent societies that have attained far higher level of economic stability and infrastructural development, lecturers are not paid the same amount. Each university pays it's Lecturers majorly according to the income generating power of the university, and the ability of the Lecturers to attract funds.
Majority of the professors in developed countries are appointed on contract basis and are renewed based on the productivity of the Professor and availability of funding.
ASUU by means of strikes forced the FG to increase retirement age to 70 from 65 years in country where more 60% of the population are youth and with high level of unemployment.
Majority of professors in Nigeria became professor by 45 years and unfortunately, more than 80% of them don't do anything again than to administrative duties except those guys in medical and off course they're already being paid for as they receive double salaries as professor in academic and consultant in teaching hospitals.

How many states governments can conveniently pay half of the proposal? No state not even Lagos given the economic realities in Nigeria.
What's the cost of living in Jos, Kaduna Ibadan that a professor wants to be earning half of that. Before you compare to any school in US, what's the cost of living in that state in US and any state in Nigeria? It must about 10times higher than Lagos that has the highest cost of living in Nigeria.
What's the state of infrastructure in those States in Nigeria and states in US? If there's anything government need to massively spend on, it should be infrastructure in ALL sectors not education alone, but rather in this order ( security, health, social infrastructure and infrastructure in education) in that order. This will ensure secured and meaningful life for everyone irrespective of your income.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by papalumi29(m): 7:40am On Jul 15, 2022
It will amount to nothing because inflation will meet up with it.

Currently, in Zimbabwe many will rather invest in life stocks than saving in banks.
If government pays 100 billion and the instric value is worthless then it will amount to nothing.

Note
I wrote "will" , I am implying in nearest future.

Fearyourcreator:

Currently 100m no be beans at all
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Nobody: 7:41am On Jul 15, 2022
tony0806:

*MODIFIED*

2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

These profs went through a lot to attain this position. It is not a bad Idea to pay them 2M. They have invested in education, it is only reasonable that they rip their returns.
BBNja and other stupid shows reward people who did nothing go to the academia of Nigeria.
It is people like you who cripple Nigeria's education system.
Do you know how much FG spends on Senators, Ex senators, governors, ex governors, President, ex presidents, footballers e.t.c?
Education should be a priority in Nigeria!

2 Likes

Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by sureinfo: 7:41am On Jul 15, 2022
Fearyourcreator:

Can you pay?
are you the one that has been paying for the ones I've been going to before?
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Golan007: 7:42am On Jul 15, 2022
Devil1Messenger:

So u believe Edo man go collect ur money and do ur biding ?
Never

Leave story.

Wouldn't Edo have been paradise if as you say?
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by lawrenzooo: 7:45am On Jul 15, 2022
[quote author=PJ123 post=114745829][/quote]
You are getting it all wrong. ASUU never demanded for 2M. It was a recommendation by a committee that was setup by the federal government.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by PJ123: 7:45am On Jul 15, 2022
Obidient4life2:

How much is our Senators earning and how much is American senators earning?

It's so simple, if you want to earn as much senators, resign and go contest.
And unfortunately for you, the salaries of a professor and senators are almost the same thing currently. They majorly convert constituencies allowances for for their personal use, that's why their living that bogus life apart from budget padding and other forms of stealing.
Stop being a fool, what we should all be clamouring for Nigeria to develop is how to eliminate all the corruption in governance so we channel our income infrastructural development and not payment of salaries.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by jumper524(m): 7:48am On Jul 15, 2022
tony0806:

*MODIFIED*

2,000,000 monthly grin

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

1.3 trillion is nothing for a population of 200million.
Directly or indirectly we are all earners of the said money.

1 Like

Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Fearyourcreator: 7:49am On Jul 15, 2022
sureinfo:
are you the one that has been paying for the ones I've been going to before?
No turn am agidi... How much you dey pay ?
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Ibegtodiffer: 7:49am On Jul 15, 2022
Uganda pays Lecturer 1 same amount.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Fearyourcreator: 7:49am On Jul 15, 2022
papalumi29:
It will amount to nothing because inflation will meet up with it.

Currently, in Zimbabwe many will rather invest in life stocks than saving in banks.
If government pays 100 billion and the instric value is worthless then it will amount to nothing.

Note
I wrote "will" , I am implying in nearest future.
I said currently too

Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by sureinfo: 7:50am On Jul 15, 2022
Fearyourcreator:

No turn am agidi... How much you dey pay ?
mtcheeeeew, when you have something to say talk to me.
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Fearyourcreator: 7:50am On Jul 15, 2022
GodPrince:
exactly, I did it my self. A project the lecturer couldn't have done himself
Lolzzzx
Thank God for your life then... Then turn it to reality

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