tony0806:

*MODIFIED*

2,000,000 monthly

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.

The amount is too much. It's completely insane for2009.

I admire your calculations. But it misses out some details.

The oil revenue is shared between the 3 executive arms which are federal, state and local government. The FG only receives 52% of the sum.

The fuel subsidy which is ₦4 trillion for this calender year should also be deducted from it.

Lastly, not all the $93 enters the coffers of government. The oil companies cost of operations and profits are taken out. Let's assume it's 30% which leaves 70% of the total oil income.

By the time you apply all these deductions, there is an empty purse.

sureinfo:
mtcheeeeew, when you have something to say talk to me.

Una go just open mouth gbaga for here...
Higher Education is Too cheap in Nigeria Mr.

Golan007:


Leave story.

Wouldn't Edo have been paradise if as you say?

Dat one na naija factor
Mention one state in Nigeria close to paradise

tony0806:

*MODIFIED*

2,000,000 monthly

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.

It's not practical at all

No na 5m him go pay. Obi that cannot pay health workers salary for 13month

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.

[quote author=Fearyourcreator post=114746613][/quote]

Yes, I understand you.

grandstar:


The amount is too much. It's completely insane for2009.

I admire your calculations. But it misses out some details.

The oil revenue is shared between the 3 executive arms which are federal, state and local government. The FG only receives 52% of the sum.

The fuel subsidy which is ₦4 trillion for this calender year should also be deducted from it.

Lastly, not all the $93 enters the coffers of government. The oil companies cost of operations and profits are taken out. Let's assume it's 30% which leaves 70% of the total oil income.

By the time you apply all these deductions, there is an empty purse.

You are very correct. Thanks for the detailed explanation

papalumi29:


Yes, I understand you.

Thumbsup

Not a bad idea, provided they will not delay their students and also focus on generating academic ideas that would create jobs in the country. For those that want to develop valuable skills that they could use to empower themselves and be employed and those that desire to start making legit money on online or practical jobs like poultry, fish farming, tiling, paint making, academic writing etc., do subscribe to my channel today. Thank you

https://www.youtube.com/watch?v=UnygzmtVz3M?Sub_Confirmation=1

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?

the thing weak me....and the per Capital income in Nigeria is far less than America

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.

Nimi Brigg is a professor of Obstetrics and Gynaecology. He was Emeritus professor years back. The FG may have set up the committee, but being headed by a professor will definitely cause bias.

The salary and wages comission should regulate income. First by comparing with other Countries, then adjusting this mathematically to Nigerians current economic state. This should be done for all worker actually, professors are not special breed.

PonziHater

tony0806:

*MODIFIED*

2,000,000 monthly

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.

What is your ambition?

Yes Most Professors in South Africa earned 2M and in UK and US up to 3M equivalent

Good but professors we have now are not really sound academically,everything have been politicise and religion,ethnicity and tribal influencing had taken over especially in states universities,even federal universities were indigenes are determinant.Checking our students abilities should tell us the level of our academicians.

I must say that this government lacks an idea of ​​what government is

What if the next government stabilizes our economy at 100 to $1, how are they going to reverse this and this definitely cause ASUU to embark on another strike.
Our leaders do not think clearly.
I don't blame them anyways

Devil1Messenger:

Dat one na naija factor
Mention one state in Nigeria close to paradise

Lagos.

Everybody's running to the state.

If it was terrible, they wouldn't.

tony0806:

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

I was even thinking it's time we had a review of the salaries/allowances and pensions drawn by both past and current politicians, their paypacket should be a real reflection of what's going on and not just piling up loans either to service same loans or pay up some group of privilege 'thieves' outrageous and bogus amount of money.

The educational sector need to be properly oiled too and the constitution should also be reviewed making it mandatory for all public officers and their families to be treated and educated here, let see the magic that will happen if most of the Ajala are clipped.

Private individuals can do anything with their own funds though.

NewFolm4:
• ASUU alleges blackmail

https://thenationonlineng.net/fed-govt-committee-recommends-n2m-monthly-pay-for-professors/

Pls No they don't deserve it, people who hardly even teach anything, they just tell u to go and read books and later fail you for not learning, abeg retain the current salary make them hear am for body too

sgtponzihater1:


Nimi Brigg is a professor of Obstetrics and Gynaecology. He was Emeritus professor years back. The FG may have set up the committee, but being headed by a professor will definitely cause bias.

The salary and wages comission should regulate income. First by comparing with other Countries, then adjusting this mathematically to Nigerians current economic state. This should be done for all worker actually, professors are not special breed.

PonziHater

God bless you... professor earning 2m and least worker on 30k monthly salary,really surprised seeing people comparing salary package of US,UK professors with our professors who turned our citadel of learning to secondary schools,getting professorship should go to real academician not PHD holders who got there based on inner university quota to favor one tribe or the other.Some got their professorship based on religion affiliation,nothing more.

[quote author=samsard post=114744552] Nigeria cannot afford it.
Before you crucify me, know that wages of other staff will be adjusted to similar amounts too. And other fields like medical/allied health will fight for something in that range.
Let's not compare first world countries either, we have a GDP per Capita of $2000 unlike those with north of $20,000-$50,000 GDP per Capita. [/quot


People don't understand this...
If ASUU is successful in this, expect strike from other sectors.
All civil servants and public servants buy goods at the same price with lecturers and the inflation is affecting everybody,it would be hugely bad if the government chooses a particular sector to get the right treatment just because they went on strike, then the government should also expect other sectors to follow the same path to get their salary increase. ..

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.

Did Obi tell u he wants to pay 3m to professors?
With this ur campaign of deceit, only God knows how Obis tenure will be rattled with one issue or the other

Who will now pay Prof 2 million in Nigeria university?
It will surely end in accumulated salaries for years.

You have to be mad with every member of your inclusive if you are talking about this same Pandora Criminal that was unable to pay basic doctor salary as governor

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.

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?

Our educational systems is stressful.
There are maximum student an American professor can take but in Nigeria it is not regulated.
A lecturer in Nigeria takes at least 1million student per semester.
The 1m is at the minimum.

In Nigeria, Everything is about the Money.

tony0806:

*MODIFIED*

2,000,000 monthly

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.

Nigerian professors add more value than senators, the country must invest in education pay university lecturers and teacher well and you will see a return of investment.

bro, for months now most oil wells are shutdown due to crude oil stealing and pipeline sabotage, Nigeria currently aint't producing up 1m bbl a day. Also when you are calculating Nigeria profit earnings from crude oil export, remember to minus the operating cost. Nigeria has one of the most expensive operating cost in the world. it takes about 30$ to produce a bbl of crude in Nigeria while its about 9$ to do same in Saudi Arabia. If you do the math, you know that Nigeria may be getting 50$ a bbl from crude. mind you they share the profit with the producers on 60\40 or 55/45 as the production agreement maybe. outta the profit the government pays subsidy to bring in refined products of the crude due to the corruption that has killed all our refineries. In all honesty Nigeria can't afford to pay university professors 2m a month salary.


2,000,000 monthly

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.

[/quote]

Strike continues, infinito

Correct
Make I hurry up on my research works