₦airaland Forum

GloriousGbola:
contract staffing is one of the nastiest innovations of nigerias business class

i met a colleague as contract staff. this person was unable to transition to full staff for reasons. when we exited my severance was like x 8 of my colleagues severance.

Contract staffing is wickedness Aswear! People will think u are gainfully employed but u will never be able to carry Ur responsibility.

I wonder how people marry and start a family while doing contract work either for banks or any other financial services firm.

afrodoc2:
90% of 200m is not even 190m. The other guy calculated 20k instead of 20m.

😂

Make dem dey play.

Nigeria we be say as at 2021 the salary of a full professor per month after deduction is ₦416,743.00 and there are about 11,000 professors in Nigeria.

https://dailytrust.com/no-nigerian-professor-earns-above-n416000-monthly-ASUU/

Now ask them where a professor will see ₦160m in his lifetime if he starts earning over ₦400k in his late 50's / early 60's?

GloriousGbola:
150 million over 30 years is 5 million per year

divide 5 million by 12 and is roughly 400k per month

now tell me how many nigerians earn 400k or more per month as salary or business earnings?

where is your arithmetic coming from?

how many jobs pay that much? how many jobs can afford to pay that much?

first off , it is mainly corporate private sector and federal govt employment that can pay that. state governments that are dragging 80k minimum wage cannot.

maybe 4 or 5 states in Nigeria support industries that can pay these wages .

so where are your 180 million nigerians earning 400k per month coming from?

Most of these young people have illusion about money and are living in a bubble. Anyways Sha, it's not their fault, it's the federal government that has refused to conduct census that is to blame.

If a general census is conducted and they see the classification of people according to their income bracket, all these their bubble of "millions of people earn millions monthly " will burst in their face.

The funny thing is that they think because u argue these things with them it means u are nit getting paper and Ur circle are not doing well .

Like diggz rightly said, just looking back at my graduating set in university, I can confirm that less than 40% actually got "gainful employment". Even the ones that did, some entered civil service where they won't even earn 400k per month until they move to senior level like level 14,15 and 16(which of course means they would already be drawing closing to the end of their career).

Even banks that seem to pay well, a bulk of their staff are contract staff who don't get paid above 150k per month for a long number of years without pay rise. U will see a bank having like 450 full staff and almost 3000 contract staff.

I don't think these people dropping numbers off their head understand the dynamics of how things work in the outside world Sha. Anyways, I was once like them. I was on th brink of getting a contract job with a bank and I was required to bring a guarantors form signed by a senior banker. I approached one bros for area who worked in GTB back then to help me sign as a senior banker. It was at that moment the bros told me he was also a contract staff in GTB and h can't sign for another contract staff. 😲. I was shocked that this bros that we dey assume to be big boy was actually a contract staff for years in the bank.

seankafor:
Una go just stay inside house dey chun out percentage like say Una don do headcounts finish


90% of 200m na 190m oo..

You wan tell me say inside 200m pipo, na just 10m fit don see $100k before?

Una dey amuse me with Una statistics

Tell u the employers of those 10 million people and tell us how much they get paid that they would be able to amass ₦160m.

Don't just be using assumption, put a figure to it

diggz:
People are just pulling ridiculous narratives out of thin air, but I guess that’s okay in this little world called Nairaland. However, anyone who has worked hard for their money in a place like Nigeria knows better.

Minimum wage is less than 100k, but you believe say 90% go get assets and money worth N160mil in their life time. How?

N160million must be a joke to you people.

Just this last week I was having a conversation with someone who said her mum's friend retired as a teacher recently after over 30 years of service and the woman got around N6m.

That is someone who worked and toiled for years to serve in the civil service o...

The way all these people just dey talk about the 160m dey funny me.

seankafor:
160 mil is just less than $100k oo

Not really much for 90% of Nigerians not to see in a lifetime..

Tell us where those Nigerians will see the money.

It's not about saying " Not really much for 90% of Nigerians not to see in a lifetime " ; kindly tell us how and where they will see it.

swiz123:
So there are at least 1 million different house owners in Lagos, add the value together with all their other income from work, business, rent etc and sum it up with all their expenses and you think they haven't seen up to 160M.

Lagos is generally a metropolitan state all through and it wouldn't be unheard of to value a house at an average of 100M.

If the smallest state has over a million different house owners, how much more other bigger states.

In one breath u are saying Lagos is a Metropolitan state (which suggests it is one of the most densely populated states) and in another breath u are saying it is the smallest state in a bid to downplay the fact that it actually has the most number of houses.

U are just running from pillar to pole.

I see how u stylishly avoided discussion around the value of the houses in Alinosho, Agege, AJeromi Ifelodun, Badagry, Amuwo Odofin, Epe, Ikorodu, etc

swiz123:
There are at least 20 million different house owners in Nigeria. At least 10 million different house owners in Metropolis such as Lagos, Aba, Onitsha, Kano, PH, Asaba, Calabar, parts of Abuja etc.

No way 20M Nigerians don't worth or won't worth 160M in assest already owned, income yet to be made and expenses already incurred. This is more like an insult to Nigerians please. Do you even realize that 160M was 40M equivalent in 2019. Omo!!!

U are just inventing figures in Ur head.


Let's use Lagos for example. Go through the link and see figures concerning the housing challenge in Lagos.

https://nairametrics.com/2022/02/26/three-numbers-that-show-you-how-bad-the-housing-deficit-in-lagos-really-is/?amp=1

Lagos which is one of the most populous state in the country( with about 23 million people) and has just 1.49m houses....I can bet u that majority of those houses are not even worth anything close to ₦160m. Bar for houses situated in the few highbrow areas of Lagos like Lekki, VI, Ikoyi, Ikeja, Magodo, etc; the majority houses are not worth all those figures u are exaggerating.

If do the same for other states like Rivers, Cross River, Abia, etc u will see that Ur figures will fall flat on its face.

Nobody is insulting Nigerians, u are the one who thinks Nigerians are richer than tey really are. And don't forget there are individuals like Emefiele, Tinubu, Atiku, Osinbajo, Peter Obi, etc who own several houses In different parts of the country.

chidekings:
what i notice is people judge the world thru their lens...most small scale business owners makes more than 400k as profit every month....lets even face it,average flat rents are between 600k-1.5m,and we know many many Nigerians lives in flats.so if they don't make the money how do they pay the rents,pay the exorbitant school fees, fuel their cars and still enjoy their life in their small way.

This is a blatant lie.

Which small scale business owners earn 400k per month? Do u even know what small scale business is?

Small scale business owners make 400k monthly and u have hundreds of thousands of people owing palmpay, fair money and other loan apps?

Ọmọ! Una dey like to lie to Una self o.

Graduates on level 8 step 2 in civil service do not even earn above 150k per month (which is less than N2m per annum), yet Una dey talk say small scale petty traders dey make 400k per month. Smh

U people are living in an alternative universe o

afrodoc2:
Fair enough. Maybe I am probably still using my outdated sense of Naira value to assess.

Swiz is capping and just inventing alternative facts.

chidekings:
just in my small village,i have seen not less than 60 duplexs built just in the last year,almost every family now has someone touching money.

Ur village is just a small subset of the whole population of Nigeria. What is the current population of Ur village to start with?

Do u know how many villages are in the 774 LGA we have in Nigeria?

What U are suffering from is hasty generalization, u are projecting

swiz123:
Yeah let's agree I messed up the math, though i wanted to type 20m. But then, we are not even nearly up to 200M in this country but let's put that aside.

I agreed initially when he said Nigerian youth but saying 10% of the general population isn't worth it or won't ever worth it is fallacy at best. So when we calculate value of assest one has, what they are likely to make as well as spend in their lifetime, it still won't amount to 160M ?

If that is correct, then who are the landlords of all the buildings in Nigeria Metropolis? Let's not talk about decent houses in rural areas. These houses are easily worth 160M if sold today.

The problem u are having is that u are using a small subset of the entire population to represent the whole population.

What U are doing is like u using the data of affluent people living in Ikoyi, Lekki and VI axis to judge the pocket of the the entire Lagosians; it doesn't work that way at all.

It's like saying Lagos has 15 million residents and u look at the houses in Lekki, VI, and Ikoyi and u assume over 1.5 million Lagosians ar worth ₦160m and above.

The finance minister says only about 5% of Nigerians have 500k and above in their bank accounts, yet u think there's money somewhere because of few nigerians putting up blocks of flat. Have u even been to the north, some inner southern states and see the level of poverty there?

semid4lyfe:
You are inadvertently making my point.

The organisers are not Martians, they're Nigerians.

They should have factored in our unruliness, disorderliness, anyhowness, the prevailing hunger and hardship in the country into their planning and anticipated the upsurge in attendance.

I mean, how do you organize a christmas funfair, publicize it massively on radio, declare free entry, promise gifts and scholarship to a lucky few, and anticipate only 5000 attendees?

Ko possible! The entire Ibadan will besiege the venue of the event, and that's exactly what happened.

The only way the organizers could have limited and controlled the number of attendees was to have monetized the gate entry.

Tickets should have been sold (at a subsidized rate) weeks/days to the event and that way only kids with tickets are allowed into the venue with one accompanying parent/guardian which should be stated on the ticket.

(I digress, but this is what my church which is reputed to organize the best, and most anticipated children christmas party in my city does every year, and there has never been a stampede or rowdiness. Tickets were sold at 2k per child, and I purchased for my 3 kids.
The turnout this year was unprecedented but the protocol people set up the ticket check-in points some distance from the church entrance, and only people with tickets were passed through).

Back to the Naomi-Ibadan stampede Issue - From the number of sold tickets, the organizers can estimate the number of attendees for planning purposes, and those without tickets would have stayed away from the venue . No parent wey no buy tickets go get the mind and morale to dress up kids, and take them to a party to avoid embarrassment.

Lastly. like you opined an open venue/field should have been used for the funfair event since entrance was free and it was "gbogbo ero".

The planning was shoddy and 35 people are dead as a result.

Parents/families have been thrown into grief and mourning.

Like I stated earlier, Naomi and Hamzat OriyomI ordeal is only temporary. They'll be released eventually and will be alright at the end of the day.

But l cannot absolve the Organizer(s) of blame in this issue.

Cc; BlueRayDick

I do not absolve the organizers of blame for the tragedy that happened, but the parents also have a fair share of the blame as well. No parent should be throwing his or her kids over the fence simply because of Christmas gift

semid4lyfe:
I believe so.

How does hacking an NGO website which is not a transactional website lead to money being moved from a bank account?

Why did the hackers (fraudsters) wipe N160m and leave N20m?

Why didn't he accuse Zenith Bank of laxity and complicity in the whole drama?

Why hasn't Zenith bank released a statement about the missing funds?

Too many questions and holes in the story.

VDM dey dabble in irrelevancies and dey gba sometimes but hin no be mumu.

I am leaning towards it being a hoax.

Make we dey watch.

So claiming one of the perpetrators has been arrested is also a prank?

Issokay o, he should keep ranking the few people that still take him serious online; soon he will lose relevance with those people too.

Even Punch newspaper has reported the story of the N160m missing. Hope he knows the so called prank will blow in his face sooner or later

swiz123:
Una no serious. You think those people selling customatic items, building materials, human hairs, electronics, phones and gadgets etc are not worth more than that By worth, I mean aggregate net worth.

In the East, it is very common to see 20 decent looking duplexes within a small community.

Na joke abi una really think say up to 20k Nigerians no worth 160M?

The problem is u are doing the wrong maths.

Diggz said 90% of Nigerians would not see ₦160m in their lifetime. That means just a paltry 10% of the population will see ₦160m in their lifetime.

10% of 200million population is 20 million people. The question you should be asking me is if I believe that up to 20 million Nigerians are worth ₦160m and above. My answer to that question will be an emphatic NO!

I don't know where u got Ur 20k Nigerians figure from o.

How many Nigerians do u actually think make up to ₦5m yearly legitimately? If Nigerians make as much as u are assuming, do u think our general standard of living will be this poor?

Roland17:
For pure comedy give me Baba Londoner (especially when he is crying), Lanko, Tokunbo Marvins and Saliu Gbolagade (Ogboluke).

These guys get me

Muyiwa Londoner and Tokunbo Marvin's are effortlessly funny. Elesho Ọba afin ( The father of Yemi Elesho) is also one man that will continue to be funny to me ; he's been doing it since my childhood. That man can talk 😂

Rubbish game!

We should've sealed this game since 😒

Thank God Merino is shooting for a change

raumdeuter:
I will say 99% of Nigerians will never own such money in their lifetime.

I don't want to use the word see. Cos it might mean seeing other people's money

We have a number problem in this country, u see a lot of people saying N160m is not much but if u ask them how many people do they know that has seen such amount of money they can't point to any within their close circle

Melvyn11:
Which CBN governor? CBN has never said anything of such nature.

It's the finance minister Wale Edun that said it not CBN governor. I do mix their two names up most times.

https://nairametrics.com/2024/02/24/only-about-5-of-nigerians-have-over-n500000-in-their-bank-accounts-wale-edun/?amp=1

iamoyindamola:
Make them remove martinelli for partey
Jesus should go to RW and Kai go back to CF
Maybe they will have sense and shoot, even Skelly was in a good shooting position and he passed
Wtf is wrong with these guys
Odegaard is just playing like drunk bruno

Something is definitely wrong with Odegaard this night

mostob:
And way stronger than Kiwior. He is low-key an agbero too...

Aswear! The boy is solid

Why can't we just shoot? 🤷‍♂️

I just hate all this useless possession without shot on target 😒

All this agídí Martinelli dey always do sef 🤦‍♂️

This Skelly boy sabi play LB pass Kiwior by far ! 🙅‍♂️

Omo !

See wetin Jesus score 😂

Unfortunately offside

Why is Havertz first instinct is always to fall and win a foul ? 🤦‍♂️

Have’s makes it 1-0 😎

We need to do something with the ball , we can’t just keep passing around the edge of their box for full 45 minutes na

Nice drive by Timber 👍

Martinelli is just so predictable 🤦‍♂️

chidekings:
not having it currently....i mean would have come across such money in their youths...

The conversation started with Diggz saying 90% of Nigerian youths likely not see #160m in their lifetime and u alleged that he was underestimating Nigerian youth.

I agreed with Diggz and buttressed his point by showing u data provided by CBN that only 5% of Nigerians have 500k and above in their bank accounts . They are not talking about few youth in Lagos and Abuja doing yahoo yahoo o

As it stands , u have not provided any data whatsoever to support ur “believe “ ,.

I hope u know that when they talk about Nigerian youths , they are talking about youths in Jigawa, Yobe, Ebonyin, Ondo, Ekiti, Adamawa , Enugu , etc .