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Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by pafra(m): 11:23am On Jul 13, 2021 |
SouthSouth1914: Guy stay on the argument. What can you achieve with 50m In both countries? We are not talking about security |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Chachamiliano: 11:27am On Jul 13, 2021 |
MT: This sums it up for me |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by mamdanju: 11:29am On Jul 13, 2021 |
With 25 million naira you can buy a completed 4 bedroom house then pay yourself 1.6 million per month. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by pafra(m): 11:30am On Jul 13, 2021 |
okuta007: We are talking of the individual in this case. What can he achieve with 50m. Which questions I fail? Where I contradict myself? Please show me. But if you can't show me you were off the point |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by mofedamijo(m): 11:31am On Jul 13, 2021 |
seborrhic: You are bro, I am quite surprised so many illiterates abound on this forum. $5,000/month salary in the U.S is good pay, except in places like cali, NY, LA. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by shegzhkn: 11:31am On Jul 13, 2021 |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Chachamiliano: 11:31am On Jul 13, 2021 |
DissTroy: The question is which kind house be that. House with one toilet, no infrastructure, no good bathroom, stained walls, hoodlum environment, gen noise everywhere |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Nobody: 11:33am On Jul 13, 2021 |
oluseyiforjesus:The one going on is ministries is beyond redemption! If only people knew! Sha. Make I talk too much. Ministry of education, aviation and .,..... |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by okuta007: 11:34am On Jul 13, 2021 |
pafra: what is your answer to my question of heart attack scenarios for the Dayton OH and Warri residents? IF you can answer that question truthfully there you have your solution! |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Nobody: 11:35am On Jul 13, 2021 |
$100,000 annual salary in the US is ABOVE average. not poor. Infact how many people do u think are making $100,000 a year in the US legitimately? 3 Likes |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by mofedamijo(m): 11:36am On Jul 13, 2021 |
abhosts: As in, I did know so many illiterates abound on this forum. Imagine the comparison. The question is, how many people earns the 50m in Nigeria?? |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by pafra(m): 11:36am On Jul 13, 2021 |
TeraHawks: Guy, you Sabi book. That guy comment is so annoying. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by pafra(m): 11:39am On Jul 13, 2021 |
okuta007: Check, another person mentioned your nonsense comment. Answer the person |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by membranus: 11:41am On Jul 13, 2021 |
Sebastine1994: Stop advertising bitcoin, its Chinese backbone has been dismantled, and is now falling like a pack of bad cards. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by okuta007: 11:42am On Jul 13, 2021 |
pafra: ok since you are now insulting instead of a civil discuss - you win - God bless you - enjoy |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by 001spice: 11:43am On Jul 13, 2021 |
EzegeNdiigbo:oga get your fact right before posting rubbish |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Hotspotbro(m): 11:45am On Jul 13, 2021 |
Everyone is a billionaire in Zimbabwe |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by pafra(m): 11:48am On Jul 13, 2021 |
okuta007: How is not making sense an insult? |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Stephenmoka4(m): 11:49am On Jul 13, 2021 |
bxcode:I think Zimbabwe dollars is worth more than Naira. Shocking Hotspotbro: |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by TeraHawks: 11:49am On Jul 13, 2021 |
How many people earn $100k annually in US? About 70% of Households in US earn below 100k annually. So you must be a big boy to earn that much in the US. But the key issue is how much is left after paying bills and taxes. In Naija, the equivalent is about N32m which comes to about N2.7m monthly. Do you know what you can do with N2.7m monthly? If you live in a duplex in Ikeja GRA (swimming pool inside your compound etc.), your annual rent is about N6m, so broken into months it comes to about N500k; and that is the major monthly expense o. By the time you remove rent and all other expenses, lets say every thing comes to N1.2m monthly (that is on a balling level o!). You can comfortably save N1.5m every month for a family of 4. Now look at the US with approx $8k monthly, to live in a townhouse in a good part of town (their version of Ikeja GRA high brow area), you are looking at about $2.5k monthly (for a reasonable house). Monthly bills and every other costs for a family of 4 lets say another $3.5k (keeping it conservative). It leaves you with $2k for savings. That is approx N1m. It's pretty close overall though the dude in Naija also has the luxury of a driver and maid. Bottomline is, people in that pay range are living comfortably and stacking paper both at home and in the abroad. But the person in Naija has the advantage of saving more overall. Plus, he enjoys all the amenities you can think about; good schools, good healthcare, constant power, water and security etc. uthlaw: |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by okuta007: 11:55am On Jul 13, 2021 |
pafra: you don win - Guy rest na, abi the one wey dey do you pass wetin we dey discuss? abeg free me joor - you win - you make sense - go be happy! |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Yoighaman(m): 11:55am On Jul 13, 2021 |
abhosts: Gbam! Thread closed. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Adakintroy: 11:57am On Jul 13, 2021 |
shegzhkn: Lol. Me I never go so I know know. But apparently it's not what he was expecting so now he is talking about moving to Canada I think. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by chaloskyx: 11:58am On Jul 13, 2021 |
naa if you earn 50m annually you are a baller and are in the high middle class section this is what computer engineers programmers and project managers earn in us and canada |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Kennydoc(m): 12:05pm On Jul 13, 2021 |
EzegeNdiigbo: How many people earn 50m naira in Nigeria except large business owners? That's over 4m naira per month. Even the well paid Nigerians probably earn about 5-10% of that. If you want to compare, do it to the full. A position that pays you 50m per annum in Nigeria will probably pay 500k to 1m dollars per annum in the US. As some have already said, an equivalent of 50m in the US or UK is a big amount of money. Only a small proportion of people earn that much (especially in Europe), and they are not considered poor. 1 Like |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by zexy2030(m): 12:06pm On Jul 13, 2021 |
lessonotes:Nigerians are suffering but these resources are natural and for everyone but some people hoard it and claim riches. Getting rich by oppression will soon make your mouth be filled gravels. Distribute the wealth and reduce crime. Forget US economy. Let Nigerians be justified and be given their rights for sustenance. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by Munzy14(m): 12:06pm On Jul 13, 2021 |
abhosts:At all... All this permutations and combinations here and there na wash. 100k dollars annual earning will afford average life with basic needs anywhere in the world.. But these motivational speakers will not separate wants from needs in their usual talk of earning. If i use 4m to acquire Lexus es350..for mobility...It is want if i leave that lexus to go for 20million+ G-wagon.. So in reality, know your onion and slice well... |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by RodgersAkpafu: 12:07pm On Jul 13, 2021 |
Oritna94:There is no basis for comparison between Nigeria and the West. Poverty is Nigerias middle and last name What is the percentage of the populace that earn N3m gross annually in nigeria and above ? |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by zexy2030(m): 12:07pm On Jul 13, 2021 |
EzegeNdiigbo: That Nigerian is a poor man, because he is just earning and never adding value to the economy. |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by RodgersAkpafu: 12:08pm On Jul 13, 2021 |
Kennydoc:That's true |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by RodgersAkpafu: 12:09pm On Jul 13, 2021 |
pafra:The person you quoted is on point Poverty is multidimensional And what he just stated is one angle to the poverty |
Re: "Earning N50M Annually In Nigeria But Considered Poor In Developed Countries" by DropsMic(m): 12:10pm On Jul 13, 2021 |
Premiumwriter2: I thought it was obvious.. Thanks for pointing it out to me sha.. You fit check the point now |
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