My two key assignments in Nsukka, Enugu state on Wednesday as significant as they were, got consumed in my chance but emotional encounter with an old friend and University mate now a Professor in the institution.

My mission in Nsukka was for two important events. First, was to visit and assess a dilapidated health center, and second, to campaign for one of the federal legislators, Hon Dennis Agbo, contesting to represent Udenu/Igbo Eze North Federal Constituency in the forthcoming bye-election on Saturday. I believe this legislator is committed to the good of his people. But while in Nsukka, I met one of those brilliant fellows I knew while I was a student at the University of Nigeria, Nsukka, in the 80s.

The fellow graduated with a first class and became a lecturer in the institution. When I later visited the University as the then Governor of Anambra State, he proudly announced to me that he was already a professor and I rejoiced with him.

I met him again in Nsukka on Wednesday, but our exchange of pleasantries resulted in very pathetic tales about his general welfare. I noticed in his look and mien that all his happiness of being a professor had vanished.

He began his story by telling me that he felt like he wasted all his years lecturing. He dragged his pitiful story into his current remuneration as a professor. According to him, his salary as of January 31, 2010, which is 14 years ago remains the same to date, having reached the pinnacle of his career. The only significant difference is that while the money was worth something in 2010, today the same amount is worth nothing. The Professor recalled how he was able to buy a Toyota Corolla from his savings, something that is not possible again today. I asked for his salary today, he said about N400,000. He broke my heart when he requested that I put in words for him so that Hon Dennis Agbo can appoint him as Special Adviser when he wins.

The reason for the bizarre request that shocked me was that he would earn more and receive more perks as an SA than as a Professor. Touched by this and applying my finance background I decided to do some comparative analysis.

By January 31, 2010, the salary of a Nigerian University Professor was about N400,000. With the then prevalent exchange rate of N150.10 per dollar, the salary amounted to about $2665.

Fourteen years later, on January 31, 2024, the salary of a University Professor remains about N400,000. With the prevailing exchange rate of N1,510 per dollar, the same salary now amounts to about $265.

So after putting in 14 years of hard work, having attained the zenith of his academic career, a Nigerian University Professor now earns 10% of what he earned 14 years ago - this is only possible in Nigeria.

A few years ago, a Toyota Corolla cost N4.8 million, so his annual salary without any expenditure on any other item, amounting to about N4.8 million, could buy a Toyota Corolla.

Today, the same Toyota Corolla costs about N52 million which is more than 10 years of his salary without expenditure, to be able to buy one, after having attained the highest point one can achieve in academia.

Considering the critical role education plays in the development of a nation, and the low human development index, HDI, we are currently at, we require as many hands and a committed workforce as we can get in that sector.

But can we get such, when the earnings of our professors are going backward relatively? Sadly, we are in the same country where the government can use an amount enough to buy 3 Toyota Corollas, to buy personal SUVs for the legislators, whose annual earnings amount to several times that of the university professor and can now afford to pay the professor more than he can earn from lecturing in a premier university in Nigeria.

How does one then remain earnestly committed to contributing to the critical development of the nation?

My campaign, therefore, is to dismantle this criminality and create a functional society where people's talents, efforts and sacrifices will match up with their opportunities in life.

We can reverse this negative trend and build a fairer society. A new and different nation is POssible. -PO

Peter Obi

This is beautiful ❤️🤩🤩

I will call people around there to vote for the LP man.

Waka Waka without sense. May will not labour in vain

I like Obi's peaceful demeanour

B

Gaining followers small small, I hope he's doing it for free

ALWAYS IN THE NEWS FOR GOOD. UNFORTUNATELY EVILCABALS WON'T LET HIM TO RULE AS NUMBER ONE .

Okwute...

Amarachi Steph is a Tinder sw!ndler on +234 9O4 O14 4703

She is obtaining money by false pretense using someone's picture to collect transport fare and will never show up.

How does he pull all these crowds

Sometimes I wonder if this Peter Obi get work. His waka waka is annoying

But he is richer than ur entire family put together....anuofia.

Obiedun:
Waka Waka without sense

Whenever Peter Obi speaks, you learn a thing or two.

Is there something to learn whenever Tinubu speaks?

Samu2vrh:
:

I'm sure no one still falls for these cheap scams

Obiedun:
Waka Waka without sense

sambass:
But he is richer than ur entire family put together....anuofia.

Watianoengineer:
Sometimes I wonder if this Peter Obi get work. His waka waka is annoying

Bobloco:


You get work but you are busy monitoring his Waka Waka

get a life bro

"A few years ago, a Toyota Corolla cost N4.8 million, so his annual salary without any expenditure on any other item, amounting to about N4.8 million, could buy a Toyota Corolla.

Today, the same Toyota Corolla costs about N52 million which is more than 10 years of his salary without expenditure, to be able to buy one, after having attained the highest point one can achieve in academia."

in a bid to politicize everything.

Both of them will lose

Failure of one is failure of both and by extension their followers.

I refuse to be a follower of a sore, bitter loser

Nice one

Watianoengineer:
Sometimes I wonder if this Peter Obi get work. His waka waka is annoying

You get work but you are busy monitoring his Waka Waka

get a life bro

Okay

There was a country.

Nsukka already is on lockdown 🔐 for LP

Everyone knows the APC has destroyed the nation, people supporting the evil party are equally evil

Watianoengineer:
Sometimes I wonder if this Peter Obi get work. His waka waka is annoying

You wey get work, how far?

A whole professor earning 400k hmmm