₦airaland Forum

Yeah

headboyprince:
lol I am dullard....$4k is at 850 black market current rate is only 3.4 million naira... at official rate it's way less...the devaluation takes some time to reflect on the economy... just give it like 6 months from now....

You are right @bolded

Whether 3.4million or 4million, my point is that I know people who earn such even where I work and it is more valuable that $4k in US.

We have seen the effect of devaluation from 197 to 465(750 actually). It can't be worse than 465(750) to 790(850)

otipoju:
A whole lot of smart young west Africans are clocking over $150,000 to $200,000 per annum working in various STEM jobs.

Some badass workaholics will work 4 remote jobs and rake in $350,000 to $750,000 dollars per annum.

Sit down there make you dey compare Nigeria with land of opportunity. When weekly pay check from the confines of my closet is about 3k weekly.

Even renting out two good cars on TURO alone close to the airport will give you $4,000 monthly in a city like Atlanta .

Your leaders are oppressing you and you are making stupid excuses for them.

I think you are the one deluding yourself here

In the final analysis, the richer/richest Nigerians are still here - based here - no matter how you look at it.

Continue quoting imaginary figures to feel good. I am telling you of raw facts, you are hypothesising and speculating. Damn!

How much is the US president's salary sef

Curious345:
Useless least.

Tinubu had failed

@bolded

Why can't you guys just face your 2 by 2 shops

Good

Piiiigg can now grunt to death

Quite unfortunate!

It must have to do with rising cost living as a result of subsidy removal in Nigeria

Piiiggs will be wishing same for Nigeria Dead on arrival

otipoju:
I have way more than enough.

All my expenses are about 4,000 dollars a month. Utilities, Insurance, Mortgage and Groceries. I have way more than that as extra monthly.

....from one job oo. Side hustle never dey oo.

When you get to a system and country that works...reduce yourself and gain in demand skills and certifications and earn good.

Like I said stop lying to yourself.

You earn over 4000 dollars per month in the US

Well, one-off cases like yours are bound to exist.

Here too I know people who earn millions every month even in where I work.

4000 dollars is worth less in US than 4,000,000 is in Nigeria. All the devaluation doesn't have much effect in our local economy.

otipoju:
Stop lying to yourself.

My last job in Nigeria over a decade ago was about 1k a month.

I traveled and started to work and within 4 months, I had saved enough to buy a car for the first time ever.

In USA jobs are easy to get and we change jobs like wrappers. We have more than enough to eat, to flex, to travel for fun, to send home for friends and relatives , to buy land and build houses and cars for family back home. While living with excellent social and medical amenities.

Stop lying to yourself...and call out evil for what it is.

Sending money back home is the only good reason why you are abroad. Otherwise, it's just a change of environment.

The fact is that dollars is worth more in value here in Nigeria than it is in the US.

So in essence, you are slaving for people back home. You can't come back and enjoy the fruit of your labour. You guys are stuck sort of.

Be sincere, how many left do you have to pay off your mortgages

Back here people are doing very well despite the crisis. We dedicate cars and houses in our church every now and then.

Too bad!

I know piiiggs will be wishing similar thing for Nigeria

It WON'T happen!!

Trying to buy/bribe us

Iamgrey5:
Then they implemented a structural adjustment program of ImF which further ruined their economy until they had to renegotiate their debt.

Which happened first

Greece's economic collapse or IMF policies to rescue them

They had no other choice but to listen to IMF. They had reached rock bottom.

Birdbyrde440:
It's the nature of Islamic way of life to be socialist, Tinubu should recognize that fact and do the needful

Subsidy is not sustainable.

Nigeria was borrowing money to pay subsidy.

Subsidy is gone forever!

otipoju:
Minimum wage in USA per month is 928,000 naira. Minimum wage in Nigeria is 30,000 naira per month.

Eniola I'm not surprised at you, I don't expect different.

House rent in US is 500,000 naira per month

Tax is a little less than that.

At the end you are just slightly better than the guy in Nigeria

It's just that whatever change you can manage to toss home after working like a slave can achieve a lot in Nigeria.

Dead on arrival

BoldBrainz:
Shonubi has just removed the rug from under the feet of his employer.

The week Tinubu made the pronouncement of currency liberalisation, he specifically spoke on the unification of exchange rates between the open market and the official FX window. He sounded so cock-screw certain of the terminologies he was reeling out that his minions were applauding with gusto.

Couple of weeks down the line, the disparity in rates between the open market and the FX window is spiralling out of control to the point these clueless people are already dipping hands into the external reserve just to keep up with the FX demands of the market. So, not only are prices of basic necessities blowing through the roof, our reserves have lost over a billion dollars in the space of 2 months.

You cannot seek to put control over the spread or usage of a currency you do not produce, especially in an economy that depends on that very currency. I am not an economist from Chicago University, neither am I in an acting capacity at the CBN, but I have the intelligence to read and study situations and the common sense to acknowledge the truth of a situation.

If the Nigerian economy doesn't crumble in six months, going along this particular trajectory, then I'll know my education was a waste.

Nigeria's economy will NOT crumble in 6 months confirming that your education was a waste!

Iamgrey5:
Greece were folding under the policies of world bank/IMF in 2008.

The country endured years of recession.


The policy to devalue our currency, while removing all subsidies enjoyed by the middle class and poor is a terrible one.

The growth that will be experienced as a result of the removal of subsidy will simply be eaten up by inflation.

The economy growth will not lead to development, it will not lead to improvement in the lives of ordinary citizen.

The issue is Greece ran on borrowing to run its economy until nobody was willing to borrow them anymore.

Then their economy collapsed!

Shut up, Farooq!

This is a difficult phase we need to overcome once and for all otherwise we'll end up like Greece or even worse.

Kukutente23:
So according to you, living in the North is better than living in the US?

Sure! Where I stay actually. When I was speaking to a relative in the US, she said I was speaking nice of Nigeria because of where I am. She had once lived here too.

Error401:
My best friend is in US, not most folks but a friend and I am also not in Nigeria, I tell you the taxs are not what you see. Can you explain how anyone would survive on 160$ per month in USA?

Maybe a little more than that. But it's also tough out there. That's my point.

Error401:
Above 50K annually you mean? not everyone earns that, average is about 18-20% tax

You and I know there are other taxes that come to drive up the tax rate to about 40%

Quite busy now else I would have shown you

Error401:
So he only has 160 to feed! lol If thats the case, then US would have been worst than Nigeria, if we ask source now, it will be from your brother's cousin uncle

I was just giving estimates.

But the fact is that most folks there live on credit cards...

Emefiele CANNOT go free for the hardship he put Nigerians through

DSS will appeal the ruling

gaby:
Say what you know, brother.

I know what I am saying

Error401:
Have you been to the UK? where in the world do people pay 40% tax? why not kuku take the whole salary!

Cumulative taxes get up to that for sure.

Kukutente23:
Nope. More like you don't know your consumption. You already said you don't wait for your light to turn on

Just give up already. From the days of 200 per litre, I have been doing an average of 15litres per week amounting to 3k.

Kukutente23:
Well, it's not realistic to make the claim you're making.
No way 15L will take you for a week driving 30mins everyday.
It's not a question of traffic jam or not. It's just not realistic

I guess I am lucky with my car...

socialmediaman:
Walk into any fast food place, restaurant, store etc today and see ads everywhere “we’re hiring for immediate start, apply and start today”.

Many of these companies are all paying at least $15/hr and even offering other incentives like education grants because workers are scarce. Some states are even passing legislation to reduce the legal work age and allow children to work because there is shortage of workers

You go into a store and out of 9 store registers, only 2 are operational because there are no staff to hire

I already mentioned that unemployment rate was 3.6%, companies are struggling to find and even retain workers

So what does “Those $15 jobs don’t come every time” mean?

After all said and done, what do you have at the end of the day. That's all that matters.

socialmediaman:
Dude stop making ignorant comments. What nonsense!

What part of my comment is ignorant

Kukutente23:
A 6plug engine is a V6 engine. 9k fuel ~15L can't take you on a 30 minutes drive everyday for a week. Take it to the bank. Even if you don't empty your tank, the fact remains you can't use 9k fuel a week with a V6 engine. So you're simply lying.
My V6 engine which I drive for a ten minute drive to work everyday, and other places of less than 15minutes consume 50 litres fuel in 2 weeks. And it's a toyota. If its Honda, it will be worse.

Well, that's what I do per week. Take it or leave it. There is no traffic jam here.

Just last Saturday, I bought 10k fuel and it's going to take me till this Saturday by God's grace.

gaby:
Why call him a liar?

The minimum wage he quoted up there is for vacation work teens. Minimum wage is $15+ per hour.

My mind was on monthly pay not hourly job.

Those USD15 jobs don't come everytime.

Kukutente23:
Oga I don't know whether it's Carina2 you're driving but no decent car will drive 24minutes everyday due seven days on 15l of fuel. What you're claiming is that your car will drive for 4hrs with 15l which gives 4litres per hour.
Dats a description fir a golf2 or carina2 and you're claiming you're living fine. Suffer don master you.
Go and upgrade your life bros.

I use a 6-plug vehicle

Also, did I tell you I empty my tank every week or even allow it to flash yellow

9k fuel takes me for the week. I am doing well to the glory of God.