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

How will you command and direct leadership when you cannot interpret the very basic economic information that you come across.
The comparison was simply about 'earning power' and 'purchasing power', the two factors that describe in economic terms, the quality of life.

For a citizenry can earn high wages in comparison to other nations but have a weak purchasing power due to inflation, or on the other hand very low relative wages with low inflation which is just as bad.

In our case we suffer from a combination of very low earning power and a collapsing purchasing power, the two factors that is aggravating the poverty situation across the country.

Thus the person in question on what amounts to minimum wage in the UK can purchase those groceries working for just an hour before tax while it will take his Nigerian counterpart more than a week's work (8.8 days) to have that. This difference is very stark.

Even more startling is the fact that while the chap in the UK will have to work an extra 5 minutes to earn/purchase those same groceries next year courtesy of a CPIH rate of about 7 percent (assuming it remains constant), his counterpart in Nigeria will have to work up to 12 days in 2024 to buy the same stuff (according to your price list and our current inflation rate of 27 percent.)

How you can compare the state of both economies, the standard of living or the quality of governance is just baffling, just beyond me.
A nation with almost two-thirds of its citizens living below the threshold of poverty (earning less than 3 dollars or N3,000 naira a day) and a quarter multi-dimensionally poor - that is without a spoon or fork to eat with (if you know what this means), deserves all hands on deck to get out of this dire crises and not have folks like you justify or excuse it away.

The crises of insecurity that has overwhelmed the security services is the first sign that a revolution is underway and those that are well schooled in the history of nations are warning that the tipping point to a full blown crises is not far away if the leadership of this country does not arise to the reality on ground.

Everyone will be affected.

So na only minimum wage you dey aim

MEEVEET:

Tax for minimum wage?

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

...you did not put potatoes and the costs of potatoes in your lists

Okechinwadike:
you must be high or addicted to on-colos by comparing heaven with hell fire Nigeria is the most useless country on earth

omo uk and the United States is expensive as shit rent and mortgage wan kill people ooo,plus in Nigeria we pay rent per annum down here nah monthly ooo

BabaHenry:


You are an old fool....
I no wan follow you talk anything this night make I just dey look...
No mention me oo, because this night no go contain me and you, idiot..

Because they subsidized medical education, thy should fail to give them their rights abi ,?
Because they subsidized medical education, they should refuse to pay their salary on time ?
Because they subsidized medical education, they should be paying them shit they can't pay for any public office other right ?


Tell me if you are making any sense...
Before you start saying bullshit, I have a sister who trains as a registered nurse in the US and she is doing well as we speak, a friend of my Dad too, retired, who also trained as a medical doctor in the UK already had houses both home and abroad and he never for once complained of the government.... Is that the same story here ?

They want to drag you people backward, he is a fool indeed.

Zombie virus has devoured his entire brain, he can no longer reason properly.

psalmsjob:


Yes I did and showed you the workings but you on the other hand live in Nigeria but exchange their pound to naira value without calcuting that for them there to get the value you are looking at from here they have to have same conditions of Nigeria in place there to see the value you're envisaging. Simply put its cheaper to live in Nigeria for both bobo londoner and naija minimum wage earner.

But this underscores our mentality; WE WANT TO LIVE OYINBO LIFE WHILE IN NAIJA

Lol. I doubt you did or have even done the maths though it is staring you in the face.

MEEVEET:

You don't pay tax for £12000 Euros sir

Even at at everything above £12000 get tax 15%

Relax

ok oo..at the time Mikel obi was earning 80k pounds, what was his tax?

I feel like I should insult the mōron who posted this nonsense but let me leave it for another day

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

/

40 hrs per week x 4 = 160hrs in a month

N50,000/160 hrs in a month = N312.50k per hour.

Now show us what N312.50k can but you in a supermarket.

Comparatively, £10 is equivalent to someone's approximated weekly salary in Nigeria.

/

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

m

You are either of these 3 things:

1. Sycophant
2. Wicked
3. Foolish

You seem more foolish to me. The most important part is what can be bought with 1hr amount of work.

It is N174 you earn per hour at at a minimum wage of N30000. Even if minimum monthly wage is N100k, that will amount to N577 per hour.

What single item can your N174 or N577 buy in that cart?

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

Ur level of comprehension is amazing...!!

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

Bros thank you

vince96w2:
ok oo..at the time Mikel obi was earning 80k pounds, what was his tax?

We are talking minimum wage to minimum wage here

Micheal would be playing 40% tax

Surprise you would pay same here too

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

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 ONLY. 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 on Saturdays to survive that's £80 x 6 days × 4 weeks = £1,920 - £1,480 - £140 - £300 = £0.00 per month

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

Workers in Nigeria do not work on Saturdays and Sundays before you start your comparison again

U don't know what u saying. Seems someone bought u some data... mtchewww

Earn big as how If you live in 2-4k pounds monthly, you're still living like someone earning 300k here. Forget the conversation rate oh

LikeAking:
Cost of living is cheaper there..

Way cheaper…


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

Please come to uk/us and be in prison then u can talk

CHRISTFUCKER:
Nigeria is a forking shit hole


I rather be in a prison in the UK than a shit hole ruled by a pissing retard

sammyj:
So na only minimum wage you dey aim

The comparison is between minimum wage here and there

How's that difficult to get

How many earn 2k monthly after tax?

crossbreedwears:
Earn big as how If you live in 2-4k pounds monthly, you're still living like someone earning 300k here. Forget the conversation rate oh

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

You did not finished watching the video, the person actually bought 10 spag, a surface cleaner, bottle water etc. The trolley was full when she was done and she even had change(coin)

Imagine what a human being is posting

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

Have you gone Mad??
How can you compare with a country things are working like where humans exist. Did Nigerian give you job to have that value of cash no matter your expanses? Forget Nigerians are suffering no matter any way you check it. The system is bad.
You will be happy to spend that kind of value of money when you see yourself in UK but if you spend still cheap, you hardly find it to purchase those things.

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 its two biggest former colony

I’m a doctor. Govt did not subsidise shít … training in England is expensive because of the manner it’s don’t. The equipments. Training modules , postings , and the sort of exposure. Don’t compare it to Nigeria where students are trained in dilapidated buildings and smelling environment. I trained in AAU. Our hostel was full of rats and smell of piss everwheere. .. you want us to pay millions for that ? Which other dept is subsidised ? Abeg talk another thing

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

You should pray to whatever you serve to deliver you from spirit of poverty!!!!

Dumb people, how much is ur minimum wage

modernWays:
How many times are we going to tell people that food is the cheapest thing abroad. It is the way their societies being designed, the logic is , if you can comfortably feed yourself, the tendency to steal or commit crime will significantly reduce.

Aside that, cost of living in Nigeria is way cheaper than in Western countries to those who have tasted both side. Nigerians living in Nigeria can't afford to live a quality lives with their wages or salaries.

what’s cheaper in Nigeria. Mention it

tegrianonigltd:


Who never come abroad dey analyze lol. You can get a room in London for 600, 10.42 is minimum wage, in London, they pay 11.5 because of the standard of living. Imagine after tax you see 1530, you get a room for 550 or 600, transport 100, feeding 60

That’s let say 800 per month, e still has 730 which is 850k monthly to save, and most of them do overtime, so he can save 1m or more monthly in a year, 12-13 m if he is deligently, that’s for an average person ooh, people like us who earn more than 2500, imagine how much we save.

Shut up.

You have forgotten some of these:

Council Tax
Water Bill
Electricity Bill
Telephone Bill
Television Licence
Internet
Gas
If you have a car - Road Tax
Sky - If you have cable

And you will spend more than 60GBP on feeding in a month.
So, at the end of the day, he does NOT have 730 GBP to save as you claimed.

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

This Agbado defender. Why didnt you also calculate the cost of the onion, abi you didnot see that one in the basket and how on earth where in this Nigeria can you see that kind of slice bread for N800 and also the chicken you dare to put it at N3,000. I beleive it is clear to alot of us now that most of these Nairaland agbado defenders are nothing but little kids who do not partake in their shopping, because they sit in their fathers house and wait for mummy thanks ma food to get fat. They have never worked a penny all their life and they are still living under there parents roof.

Evil people everywhere! You want people to die finish before you know things are hard in Nigeria than in those places? Witchcraft! How do people make money over there? people make money by the hours over there, here in your stressful 30 days you don't earn as much as the person over there,so what is the bases for comparison?

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

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 ONLY. 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 on Saturdays to survive that's £80 x 6 days × 4 weeks = £1,920 - £1,480 - £140 - £300 = £0.00 per month

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

Workers in Nigeria do not work on Saturdays and Sundays before you start your comparison again

Good evening, i encourage you to ask questions before coming online with exaggerated figures. I have family members and friends at UK, rent for two bedroom flat at Cardiff was paid at 800 pounds last month (some people pay even lesser, these are houses that are well furnished).

At Sunderland, a friend pays 900 Pounds per month for a well furnished apartment. Someone i know made 6M+ a month and remits 1.5M every month for his building project here. UK is better if your paper is genuine and you are working. Students work only 20 hours every week but if you are not a student, you can work as your strength can carry you, thank you.

Crazy
Some people are just wicked
So, you want to justify the suffering in the land.
I pray that the ugly side of Nigeria happens to you.

DOM7:
Evil people everywhere! You want people to die finish before you know things are hard in Nigeria than in those places? Witchcraft! How do people make money over there? people make money by the hours over there, here in your stressful 30 days you don't earn as much as the person over there,so what is the bases for comparison?

Where the work even dey for here sef? Where you wan see am? Except man know man.

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

That is not all they bought.

The items were more than that.

You would have gone on Instagram or Facebook to watch the full video before creating this post.