Commotfornigeri: Trust me, some of these people are inflating the figures.
Currently my household spends about 45% of our income monthly. 5% goes out to family as support and the remaining 50% goes into savings.
This is post tax income and we already have our pensions deducted.
At time of retirement, we'd have saved our 50% which is roughly 3k+ cumulatively for numerous years + pension which is about 3k per month per person + the Canada Pension Plan that old people get (about 500+ per person).
Imagine my wife and I retiring with that much, and a paid off house. We can afford to do vacation anywhere without depending on our kids who will already be settled too.
Should we choose to retire in nigeria, we will be killing it too.
So, look at the bigger picture. pensioners are dying anyhow in nigeria and you dont even have as much old people because people dont live long.
Look deeper.
I haven't seen much here that overinflated. Styfff can vary pretty widely depending on where you live. Accommodation in New York that's $3000 might be $1500 in New Orleans.
Your comment suggest you have a pretty good professional job along with your spouse. If there are two good earners in a family abroad and neither wastes money on fashion and gadgets, then then yes you can have money left over.
Other people though may have only one income (usually for kid issues), and the income is not great, but so they will tend to struggle. Extra income from spouse makes a lot of difference abroad.
Rent: $1850 (3bed) Groceries $500 Internet:$60 Car insurance: $220 Lawn:$60 Water:$40 Electricity: $60 ($100summer due to hvac) Gas:$35 Petrol:$60 Phone.:$15 (phone all mjne- only call, text and data) Renters insurance:$30
Baybii: I don't understand "identifying with the..." What does it mean?
This is one of the reasons bride price needs to be scrapped out of existence. It no longer serves any purpose other than impoverishing hardworking couples.
With this kind of list, how many Nigerian men earning the minimum wage can afford to marry?
Totally agree with you. It has outlived its usefulness. Let the children who want to marry do so in peace and quiet.
For goodness sake, and don't tell me these guys are using paper slips and tickets!!? They should have just created a secured app with driver and vehicle details and QR code or something. Such that when a vehicles is called up the app on the drivers phone generates the QR code, which is which will be scanned at the gate from the drivers phone to match the vehicle and driver profile before allowing them entry.
Quality20: How cn u b at home 24/7? Isn't there gym, worship centre,libraries etc
Nigerians don't do all these things. Even just to take a leisurely walk in the serene park to clear one's head, Nigerians will say its a waste of time. Meanwhile sometimes that is where your idea comes.
As far as I'm concerned, she should never have been appointed in the first place, because she has a clear conflict of interest with her husband being a prominent politician.
erico2k2: xx 1 litter of petrol was never ever imported at 132 if so at this point please tell me from what country?( I PUT IT TO YOU TO TEL ME WHAT COUNTRY) xx Attempting to remove subsidy would be catastrophic at any point since we rely on petrol for our local energy needs xx We have no option than to keep subsidy as petrol determines the price of everything in Nigeria if petrol goes to N400 the country will stand still as we physically cannot afford it, way 4ward FG should do the needful, build a new refinery or licence small scale refineries.the tech is there,
There is nothing catastrophic about petrol subsidy removal. Diesel was removed like 15years ago and kerosene was removed 2-3 years ago and we are still here. Petrol benefits mainly upper middle class and above who have 2-3 cars and could afford N200 petrol anyway.
Food and materials is transported mainly by trucks which use diesel.
Masses supposedly use kerosene for cooking, which is also deregulated (though i hear many are switching to gas)
New refinery does not automatically mean lower petrol prices. Crude oil remain a key input and except we want to subsidize from a new refinery, there is nothing to suggest it would be significantly cheaper.
DonHummer: I swear this buhari government is useless, oil price has been increasing, yet there is no significant positive effect on dollar exchange rate.
Let me educate you a bit. Crude oil prices are quoted for forward deliveries of up to 3 months. For eg, this price of $70 you see now could be for deliveries of June 2021. So the FG has not necessarily earned at this price yet. Even at that, when crude cargoes are lifted for export at the terminals in June, based on agreements, it will typically take 30days from delivery for the buyer to pay you your cash.
Bottom line, the real dollars will begin to flow into FG coffers in 2-4months from now.
Now when that happens, whether the best thing to use it for is to defend the Naira is another thing entirely.
Davicjoe: Why not just round it off to 1 trillion naira. And yet refinery is still not working. What a shame. Money that would have gone round when shared.
The money was said to be spent on pipeline repairs, yet you are talking about refinery. What is the connection between the two!!
I hope he is investing for the future o. He has no business telling us he's broke 10years after stopping football. Properties in naija and other countries is it. As well as quality stocks and bonds.
Lanrelagboi: https://twitter.com/Mr_JAGs/status/1367157224934678531?s=19[/quote]Wow! Really nice, world class renovation for Glover hall. My wedding reception was there 12years ago and it was nowhere near this nice now. This almost takes it to the level of Muson center, though the location isn't fantastic, but at least a lot of companies in Marina can use it for their AGM's.
But as usual, the elephant in the room is MAINTENANCE!! Government property is nobody's property. The facility should be concessioned for effective management.
Omihanifa: But if no be greed how can Tinubu be nursing the ambition to rule Nigeria again after all the money stolen and he's still stealing from Lagos State government
The man should just go and chill and be enjoying his loot till he dies
Already his hands are shaking and he's even sluggish in communicating. So what's the point of going to a bigger stage to embarrass yourself like Buhari is doing presently
Honestly I don't know why people are struggling for Presidency so much where so much wahala is. Give me Lagos state governor anyday!
AlexReports: It was a night of cold tears and loud cries for the family of one Mr. Blessing Michael who suddenly met with death, after being stabbed on the neck and wounded severely by unknown persons assumed to be criminals at Ceddi Plaza, Abuja. Mr. Blessing was assassinated on his way to deliver one of his several printing services to Genesis Cinema, located at Ceddi Plaza, FCT Abuja.
According to reports, the police is presently investigating the situation to uncover perpetrators of the sad death of 25years old Blessing Michael, who was doing averagely well in his printing business. While gathering reports, our Reporters where told that Blessing Michael had left the popular UTC Complex to deliver some jobs to his Clients before his untimely death.
The Police and other authorities have urged the general public to come up with any relevant information that could support investigation into the death of the young Printer who was Stabbed at the neck by unknow assailant, leading to profuse bleeding and eventual his death.
As at the moment of this report, no relevant information have been provided as regards the possible Suspects responsible for the assassination of Blessing Micheal. Friends and family Members have described the diseased as a peaceful and loving person, wondering why was met which such a bittered and untimely death.
For any information please contact: 08051775199 or 08033001031
Even when you board commercial bus or motorcycle, you pay tax
Even if your earnings is 10,000naira per month, you still pay various taxes unknowingly
50naira stamp duty on every 10naira deposit is there & if you receive 10,000naira & above in hundred time in a day, you got charged 50nairw on each 10,000naira, that's not tax? 7.5% charges on every calls you make is not tax? 7.5% on cable TV subcription is not tax? 7.5% on bank transfer charges is not tax? I can go on & on
That's why I said you don't know what you r saying
All the 7.5% you mentioned is VAT na. Which JUST increased from 5%. Even in many African countries VAT na 10 -15% o! Talkless of European countries where its as high as 20%.
Focus on the income side of the argument. That's where the problem is. How can minimum wage be N30k. But minimum wage is that low because we have 200mln people and govt wants to employ everyone by itself.
Left to me, I;d increase minimum wage to N100k, but sack 35% of Federal workforce (states should do the same). Unfortunately the same NLC no go gree. NLC wants to eat cake and have it. Either take higher salary and less staff or same salary and same nos employed. Too many people in govt are sooooo unproductive.
Godarz: Do you in Nigeria 1.Pay a tv licence fee 2.Pay council taxes 3.Pay road tolls 4.Pay radio licences 5.Pay fuel taxes...no we don't 6Pay any taxes once your monthly income is below N50000 7.Pay congestion fares 8.Pay death duties once your loved one dies...
Among other taxes.?
Including Withholding tax on rent Capital gains tax on profits
Make it N500 per if you want, just make it available. Because if you see the fight today at a gas station you’ll think they’re giving gold bars away for free.
Petrol is cheap in Nigeria. The argument should be what are they doing with all the road taxes collected.
Exactly!! Instead of the endless fight for everything to remain cheap, we should instead be demanding accountability from our leaders. Even if factors of production stay same for decades, price will increase via natural inflation.
Even in America to buy what $1 would buy in 1975, you need $3 today.
As far as I'm concerned the income side of the equation is the problem, not the price.
Minimum wage should be like N100k. Though that would mean those in govt payroll needs to reduce by like 30%. Most of them are adding little to no value anyway.
just2endowed: you have a point but the tax web presently is not catching enough nigerians. for me, i pay tax here and also VAT constantly. bu there are other people that do another job but they dont pay tax.
It can never catch enough Nigerians unfortunately because too many people are in the informal economy, with no record. Ideally landlords should be paying WHT on rent but no one does. People who buy and sell properties should be paying Capital Gains tax on the profit, but no one does.
jaxxy: Many people and companies in Nigeria can do it. It’s not rocket science. Just don’t force detrimental policies on the people to the advantage of a few. Protect the masses.
That’s what we did and still doing in telecoms sector to have cheaper data and call rates.
I thought most Nigerians complain that our data and call tarrif are expensive.
The chap doesn't know what he is saying. Nigerian government officials are known for making flippant, unrealistic, illogical statements.
In the current clime, I struggle with how unsubsidized petrol can be less than N100. Or maybe he's thinking that since 'backyard' are stealing the crude, the cost of input is zero.
Make madam no disgrace us in any way o. I do not expect her to, but considering the opposition to her appointment, many in the American govt will still be snooping around for anything that can be used to tie her up and bundle her out.