With time, they will still say it isn't enough.

That is small ..with my bSC in Houston I made more that that

pfadom:
The demand is stupid. Even if the government can afford it, do you expect other categories of workers to keep quiet and continue with the N30k minimum wage?

If it is affordable, is it sustainable? Is it reasonable with the present economic situation where over 80% of revenue is devoted to debt servicing.

And the government is still borrowing

COMPAQ:


Guy which electricity and gas is subsidised in US? Who is feeding you trash? I'm in houston as I'm typing this and petrol is $4.50 per gallon (that's N497 per litre using official rate of N420/$). My last electricity bill was over $200 for June cos its bloody hot at the moment. Hotter than normal. So Hvac is overworking.
My car insurance is $115per month and property tax is about $4500 annually and mortgage is $1850 monthly? Are bills in Nigeria this high?

Professors in Nigeria should earn more no doubt, but please do not compare blindly to America.

I will like you to determine how much you earn per hour and eventually per day, then proceed to how much it amount to in a week and the total realisable in a month, then convert to naira and check if you can make that in a year doing the same job in Nigeria.
No offence intended, I'm sure nobody tied you down in the US not to come back to Nigeria? Don't you think you are better off saving all those money you incur on all the expenses mentioned above, why not send them down to Nigeria here for investment so that by the time you come back (if you ever wish to) you have something doing to fall back on? Just wondering...

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.

Go ahead and calculate the overhead cost for the civil servants in the federation as well.

Serious Nations spend just 40% of their income on recurrent expenditure. So let's know what you think FG should spend on capital expenditure.

akilo1:
That is small ..with my bSC in Houston I made more that that

And the economy, cost of living and minimum wage in Houston is same as Nigeria I guess.

Ok

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.

They pay themselves first