₦airaland Forum

blamingthedevil:
The leader of the mob doesn't understand cost amortisation or expense allocation.

Minimum wage = N70,000
Passport cost = N100,000 validity 5 years ( 60 months ).

If the N100,000 is amortised over 60 months, the monthly cost becomes N1,167.

If you want to compare the cost of the passport with a validity of 5 years then compare it to what the person will earn over 5 years. N70,000 × 60 months = N4.2m

This has nothing to do with the cost of the passport. It's just common sense.

https://x.com/fimiletoks/status/1961478470116295002