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Cost Of Living In Nigeria Is Cheaper Than UK Or US - Politics (13) - Nairaland

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Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by themanderon: 5:06am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin


The problem is that you are comparing our tissue paper Currency to the currency of a functional countries. There is no comparison. Our collapsing naira is making people poorer.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Greatcarly1: 5:12am On Dec 04, 2023
FOR COMPARING USELESS 9JA TO USA, guy U LACK SENSE
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by adanonso(f): 5:21am On Dec 04, 2023
[quote author=psalmsjob post=127287043]I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.
Why exchange to naira before comparingtell us what 10 of our currency can buy. And at this present day, where will you swe that size of chicken buy 3k? Even two weeks broiler for rearing is 2500
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by kellyzaf(m): 5:27am On Dec 04, 2023
LikeAking:
Cost of living is cheaper there..

Way cheaper…


At least they earn big and spend big, unlike Nigeria.

You are right. According to the news it says an hour minimum wage and the op is here telling us about exchange rate. He should be talking about naija hourly minimum wage b4 he can say anything. You can't compare naija with overseas,it's always way better overthere.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by VEHINTOLAR: 5:34am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin

You got it all wrong,man ! Who will pay you as much as UK £10 (N10,000.00+) an hour in Nigeria ? I don't think Aso Rock will pay you that even if you work there ! And chairman,the quality of those items is not the same as what you'll get in Naija,never !
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Prolific2018: 6:03am On Dec 04, 2023
VEHINTOLAR:


You got it all wrong,man ! Who will pay you as much as UK £10 (N10,000.00+) an hour in Nigeria ? I don't think Aso Rock will pay you that even if you work there ! And chairman,the quality of those items is not the same as what you'll get in Naija,never !


Minimum wage is N170 per hour in Naija. Can your N170 Naira buy you 1 item in that basket?
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Eduadolero(f): 6:07am On Dec 04, 2023
Difrent:
Even though Migration is as old as humanity Nigerians are making it look like the next Gold rush.
In the past 2 years UK has made over 50billion pounds from Nigerians alone to shore up it's ailing economy and to keep the economy running they make sure they are stuck in jobs their own citizens refused to do while paying heavy taxes at the end of the day....Nigeria and Nigerian economy loses

Those I'm mad at are those doctors that got subsidized medical education and ran to UK to practice....why didn't you go to study medicine in UK?....just game our system.
If you want to practice in UK.....study medicine in the UK too.....abi does it make sense to want to be treating whites but use blacks to train
Ungrateful lot
Because you subsidise education you now pay them peanuts so they suffer and die?
For your I formation its not only doctors that leave the country all sectors of manpower are leaving as well. Tell your government to reward it workers properly. They collect bogus pay in political positions and pay the citizens peanut .you now expect them to stay. Nothappening

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Eduadolero(f): 6:10am On Dec 04, 2023
Difrent:


Other workers are other workers. Doctors are Doctors
It costs so much to train one. Government subsidized medical education for the good of Nigerians not for the good of UK.
Dont tell me about wages... Doctors are among the best paid Nigerians.
Equipment?...not bad. (But you trained with those equipments manage it to work too)
Working conditions?...they have one of the best in the country
And like I said
It will make more sense if you want go work in the UK to train as a doctor in the UK too
Why do you think even UK citizens are not even studying medicine.....it's the cost
The UK health system is heavily reliant on medical workers from India and Nigeria.
The UK government is gaming it's two biggest former colony
Come and stop the doctors from leaving . The same doctors your useless politicians don't patronize. Working condition not good they should work like that right? Continue to encourage evil
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by saintnegroid(m): 6:15am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin
why do you guys like putting up ignorance like this? Oh you think because we are not in US or UK you think we don't read about them? Now let's do this. Is the minimum wage the same? Are the social amenities the same? Is the educational system the same? Insecurity the same? Crime rate the same? Corruption the same? You know these answers even without being told. So stop this ignorance okay
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by fetrillion(m): 6:17am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin
The Op is bereft of ideas and he does not know he's bereft.

He that thinks he knows and does not know he does not know is a COMPOUND FOOL

Take this post down as there's no basis for Comparism.

Ask questions when you don't know.

Imagine you comparing and hourly rate payment in the UK to a monthly payments in Naija.

It's so disheartening that some primary school teacher still earns that 10k as monthly salary in Nigeria.


Make your research and stop dishing out Misguided informations.

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by psalmsjob: 6:22am On Dec 04, 2023
AsaBlackheart:


But you forgot that it's minimum wage over there... hourly to boot.
That's #10k per hour approximately...

Assuming you work 4 hours a day, that is #40k per day.
If you work 4 days a week, that is #160k per week, 640k a month.

Minimum wage here is 33k per month.

Rethink this.

Start calculating what that his 640k is for rent, transport, food all are as high as the money read other comments where I analysed just the rent and food. Transport nko 1 litre is about £1.60 that's N1,600 per litre etc....make una dey play grin

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Reference(m): 6:27am On Dec 04, 2023
I can see folks here comparing rents between both countries capital cities in question versus the respective minimum wages.
Of course a minimum wager simply cannot afford to rent in London, so how does one expect a person earning 30,000 naira per month to afford an apartment of similar quality in Abuja..... and when I say Abuja, I don't mean an hour drive from the city centre, which will take you as far as Brighton in the UK.

Let us stop justifying a country poorly run for decades which has experienced a calamitous decline over the recent years.

'Familiarize yourselves with the chains of bondage, and you are preparing your own limbs to wear them. Accustomed to trample on the rights of those around you, you have lost the genius of your own independence, and become the fit subjects of the first cunning tyrant who rises.”.... - Abraham Lincoln

Call wrongs for what they are.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by psalmsjob: 6:28am On Dec 04, 2023
fetrillion:

The Op is bereft of ideas and he does not know he's bereft.

He that thinks he knows and does not know he does not know is a COMPOUND FOOL

Take this post down as there's no basis for Comparism.

Ask questions when you don't know.

Imagine you comparing and hourly rate payment in the UK to a monthly payments in Naija.

It's so disheartening that some primary school teacher still earns that 10k as monthly salary in Nigeria.

Make your research and stop dishing out Misguided informations.


Anybody that Start a discussion with insults is the compound fool grin just put your hatred aside and read again the analysis not just the topic....I added up the hourly pay to 30-day pay to make the comparison.....with that £10 an hour he needs to work everyday for 8hours to be able to afford that £10 food he just bought....see my other comments where I did the analysis but you already think I'm a fool so you can't think objectively again grin
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by MEEVEET: 6:30am On Dec 04, 2023
vince96w2:
we pay 8% tax per month in Nigeria for workers ...I saw a simple calculation on line for someone that earns 500pounds weekly and has to pay 51pounds tax then 37pounds health insurance and his take home was approx 410 pounds..and I saw the 12k personal allowance..is it 12k per year?
€500 per week is 3 million naira the tax is about 24 % in Nigeria
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by fetrillion(m): 6:34am On Dec 04, 2023
psalmsjob:


You guys focus on the money earned but not on what the money earned can purchase....the purchasing power of the money. See another analysis for you to stop Lmao grin

If our bobo londoner works for the standard 8 hours per day and earning £10 per hour and he works for 5 days a week; he would have earned = £10 x 8 hours = £80/ day x 5 days/week = £400/week x 4 weeks = £1,600 per month. With this earning bobo londoner is taking nothing home at month end and cannot afford to buy that kind of £10 food every day if he does he might be in debt see why:

Now for bobo pays average of £1,480 for house rent monthly and pays average of £140 for transportation to work. That's £1,480 + £140 = £1,600 per month ONLYgrin. If bobo londoner tries to buy his £10 food everyday as man must wak that's £10 x 30 days = £300 per month.

Therefore, bobo londoner must werk grin on Saturdays to survive that's £80 x 6 days × 4 weeks = £1,920 - £1,480 - £140 - £300 = £0.00 per month grin

So Bobo Londoner must werk grin on Sundays to have £80 at every month end grin

Workers in Nigeria do not work on Saturdays and Sundays before you start your comparison again grin
That your sampling is biased.

If that's the case for everyone no one would come to the UK.

If you want to Live a Luxury Lifestyle and don't want to have any savings back home then UK is not for you.

People here Rent 3 bedroom apartments and let out rooms(share apartment) and they have huge and reasonable savings at the end of the month.
And within some few years of consistent (3-5years) savings they get their own Mortgage.

Priorities Matters Oga.

Why would you earn 1600 and pay 1480.Is that 1480 for a room or 2bedroom.

If London no pay you then you move to more viable cities.

Don't use your extravagant Lifestyle to compare with people with good savings Culture.

You can make it easily here in the UK if you know what you are doing.

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by ObabiOlorunosi(m): 6:35am On Dec 04, 2023
Compare the purchasing power of people in the US and UK with that of Nigeria. It is pointless if people in Nigeria can hardly purchase those things.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by omokab: 6:36am On Dec 04, 2023
MEEVEET:

Lmao

It cost you 1 hour to earn that money in the UK... Ok minimum wage ooh

In Nigeria it would take you just over a week to earn that on minimum wage

So please do you calculations again
you people always look for one side to make judgement . 30 thousand minimum wage . what about those that do not work with government and earned bigger ? Do you know where the person that earns that £10 works ? We all know that Nigeria system is not working but not in term of cost of living .UK and US were also crying of high cost of goods but they know how to ease the suffering of their citizen. Netherland has enter recession due to economy problem . So we should just be praying for our country to survive .
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by fetrillion(m): 6:37am On Dec 04, 2023
MEEVEET:

Lmao you are funny

The house is at least one bedroom flat

Can a minimum wage earner live in a selfcon in lekki since u want to compare london

Selfcon in lekki is 800k minimum flat is 1.5 million minimum per year

That's over 2.5 times minimum wage that's 72k for selfcon or 120k for I bedroom flat a month

So what's your point
No mind am
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by uchennamani(m): 6:41am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin


The scenario you described suggests that the exchange rate is higher in Nigeria, meaning it takes more Naira to buy one pound compared to the UK. In this context, a higher exchange rate typically indicates a weaker currency. The value of a currency is determined by various factors, including economic conditions, inflation rates, and market demand. In a direct comparison, the British Pound Sterling (GBP) is considered a stronger currency than the Nigerian Naira (NGN).

You actually argued against your position with this analogy.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by fetrillion(m): 6:47am On Dec 04, 2023
DaddyJapan:


You are missing the point. Without some kind of government subsidy (through Universal credit), which Japarists are not able to avail of, £10/hr won't get you a room anywhere in London.


Is London the only city in the UK?

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by ozijay: 6:47am On Dec 04, 2023
Difrent:
Even though Migration is as old as humanity Nigerians are making it look like the next Gold rush.
In the past 2 years UK has made over 50billion pounds from Nigerians alone to shore up it's ailing economy and to keep the economy running they make sure they are stuck in jobs their own citizens refused to do while paying heavy taxes at the end of the day....Nigeria and Nigerian economy loses

Those I'm mad at are those doctors that got subsidized medical education and ran to UK to practice....why didn't you go to study medicine in UK?....just game our system.
If you want to practice in UK.....study medicine in the UK too.....abi does it make sense to want to be treating whites but use blacks to train
Ungrateful lot

Rubbish, because u trained on subsidized education u should be treated as slave for the rest of your life. Is Federal govt. going to come for u when u are old without even a single brick laid as foundation to call a home. Why dont federal govt. ask for the balance from Nigerian doctors leaving the shores I bet u that just one month salary will clear the bills.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by sylve11: 6:48am On Dec 04, 2023
MEEVEET:

Lmao

It cost you 1 hour to earn that money in the UK... Ok minimum wage ooh

In Nigeria it would take you just over a week to earn that on minimum wage

So please do you calculations again

Him head dey shake. cool

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by valuedammy(m): 6:50am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin

For ur information, that 10pounds was earned in 1hr and that's the minimum wage.

Minimum wage per hour in Nigeria is not more than 150naira.

Do ur analysis and calculation well, u will see that the difference is huge.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by psalmsjob: 6:51am On Dec 04, 2023
fetrillion:

That your sampling is biased.

If that's the case for everyone no one would come to the UK.

If you want to Live a Luxury Lifestyle and don't want to have any savings back home then UK is not for you.

People here Rent 3 bedroom apartments and let out rooms(share apartment) and they have huge and reasonable savings at the end of the month.
And within some few years of consistent (3-5years) savings they get their own Mortgage.

Priorities Matters Oga.

Why would you earn 1600 and pay 1480.Is that 1480 for a room or 2bedroom.

If London no pay you then you move to more viable cities.

Don't use your extravagant Lifestyle to compare with people with good savings Culture.

You can make it easily here in the UK if you know what you are doing.

That's part of my point it's not just easy as spending £10 on some food and someone would say lthey are enjoying there better than Nigeria. They have to work extra hard even harder than someone earning as much as the same £10 an hour in Nigeria. How many civil servants rent 3-bed and rent it out to save money they don't have to to survive but they live in face-me-I face you more like what a 3 bedroom shared by 3 different people is still faceMeIFaceYou grin
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by BigIyanga: 6:51am On Dec 04, 2023
MICHEALADEX:



What quality are you talking about... with GMO everywhere
Abeg go buy original paracetamol not Chalk drink.
Go buy unadulterated petrol use first. Go buy original medical syrup take not water. Go buy original groundnut oil… not saturated and hydrogenated fat processed from extracts.

Have you Checked your bottled water for impurities Lol. Abeg go find work do.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by sinero: 6:53am On Dec 04, 2023
plaindealer:
The average Nigerian with Japa syndrome is clueless until they land on the ground and quickly figure out that the they not only have to work hard, but must work 2 jobs to make ends meet.

Average rent is £2,500/Month. Minimum wage is £10 = £1400/Month pre tax, plus bills like gas, light, fuel food, taxes, fees and tax on your TV. Salary is not even enough to pay rent, this is why they work 2 jobs.. This food thing is a deception regardless of salary.

They went to Aldi sef, why not go to the regular grocery stores and see what your 10 pounds get you.

Please tell all d senseless noise makers o. Always looking for opportunities to complain about Nigeria. Pay 1k for proof of ownership revalidation, they are making noise. Go and see what they pay on road tax and insurance on their vehicles every month then you'll know that no place like home. Get the 2k pounds per month and see how direct debit of bills will reduce it to less than 100 pounds some hour after credit alert. Bloody clueless noise makers preferring to be a Prisoner abroad than a free man in their home.
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Mubiola360: 6:54am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin
I do not know why you people do not think logically . Why would you be using your own country currency to determine standard of living in another country. You claim Nigeria is cheaper just because our currency to theirs is on free fall , Now imagine we retain the 1dollar to 1 Naira matrix, #30naira should purchase those items too but now, even 30 times of the 30naira purchase ordinary soya oil on the list . UK is by far cheaper than Nigeria and stop the gullible analogy
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by sinero: 6:55am On Dec 04, 2023
sheeda995:

I know many graduates and masters holders not earning anything. I know many with Npower Jon earning 30k. Me myself,I earn 30k alawi, You are crazyyyy

Mumu, I know many jobless oyinbo graduates too. Why do u think they get stipends sometimes as universal credit if all of them are employed
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by SPAMBOX7: 6:57am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin
Show me what you can buy with your Nigerian hour pay. Some of una go dey do math like una no go nursery nawao
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by psalmsjob: 6:58am On Dec 04, 2023
valuedammy:


For ur information, that 10pounds was earned in 1hr and that's the minimum wage.

Minimum wage per hour in Nigeria is not more than 150naira.

Do ur analysis and calculation well, u will see that the difference is huge.

I have responded to one argument like this read scroll down and read my other comments...its not important how much you earn if what you spend it on is highly priced or expensive that's why I just did a direct comparison of the food he bought and show how those food is cheaper in Nigeria but some will say the bread is fresher, they don't think of local fowl of 3k but prefer to buy broiler only as if there are no chicken more expensive in that store or other stores in uk than the one the buyer bought....so the mindset for most people is that life is better overseas. For example a litre of petrol is about N1,600 in the UK compare that to our after subsidy removal and Nigeria is cheaper
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by fetrillion(m): 6:58am On Dec 04, 2023
psalmsjob:


Anybody that Start a discussion with insults is the compound fool grin just put your hatred aside and read again the analysis not just the topic....I added up the hourly pay to 30-day pay to make the comparison.....with that £10 an hour he needs to work everyday for 8hours to be able to afford that £10 food he just bought....see my other comments where I did the analysis but you already think I'm a fool so you can't think objectively again grin
You are still Wrong!

By the way,where are you getting this your statistic?

Average Amount spent on foods in the UK is 45pounds per week.
6.5pounds per day.

Information is powerful and it's usually for public consumption.

Give the right information please.

1 Like

Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Sofistcatdmoron: 6:59am On Dec 04, 2023
psalmsjob:
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour

UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today?

1 Sliced Bread = N800
2 Spaghetti = N1400
1 Gesha = N600
1 live chicken = N3,000
1 75cl soya Oil = N1,400
1 Midium size Butter = N600
2 Gino Tomato paste = N1,000

Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left.

LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O grin
Is that ur one hour minimum wage? Mumu wey no want get sense

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