₦airaland Forum

sukkot:
even beggar on the street has 600 thousand in akant in naija

https://www.nairaland.com/6991621/fcta-clears-beggar-caught-n500000

sukkot:
if you cant boast of 600k in your account in nigeria you have no business trying to travel. you know how easy it is to get 600k in nigeria ? even the guy in the market with the wheelbarrow has 600k in akant. people who drive uber have 600k in akant. bus conductor has 600k in akant. if you dont have 600k in akant in naija its because you are lazy not because naija is bad

heniford2:
stop this lie please

heniford2:
your funny how many people in Nigeria has 600k in dia account stop being silly here

sukkot:
not sure about you but i dont know anyone who pays taxes in nigeria

oloriooko:
you pay bro only u don't know about it

sukkot:
you did not hear of the beggar lady caught with 600k and 100 dollar note ?

sukkot:
people who speak like you have never crossed muritala mohammed airport before. what is in the uk ? absolutely nothing.

heniford2:
lol

nairaman66:
You just a tramp!

wenogodie2:
ABILITY TO EARN GOOD INCOME IS 100 TIMES BETTER IN UK.

juniorstar:
Na for london u go see couple dey live inside house wey kitchen and sitiing room dey the same place no demarcation..

sukkot:
So this is based on the life of a cousin who relocated to nigeria briefly but is back in the uk to complete his masters. so we got to talking and this is the breakdown. so he had a studio apartment in osapa london lekki and total package including nepa light was part of service charge and lawma was part of it too, total package was 1.3 million annually. so this works out to in black market rate 1625 pounds a year. this works out to 32 pounds per week. and so in the UK the rent was 250 a week. the council tax ( their lawma ) is 20 a week and electricity is like 20 a week. thats 290 pounds a week compared to his lekki 32 pounds a week. so in essence in the UK his cost of living is 9 times what it is in nigeria. Isnt that amazing ?

Beermoney1:
You are not particularly bright. Your grasp of economic principles is childish and basic.
In the first, real estate is not a good measure of the citizens purchasing power. Secondly, in UK, Pleople earn in pounds. The best way to compare both nations citizen is to compare their poor or minimum wage earners. In the UK, minimum wage is 7.8 GBP per hour, converting this to Naira for a month would amount to 1.7 million naira as compared to Nigeria’s misery sum of 30k but in the UK these minimum earners are still poor, they cannot afford the luxuries of a luxurious home or flashy cars but they can live a reasonable and honorable life with basic essentials like good education, transportation and security guaranteed but in the Nigeria, the poor are not so lucky.

Lastly. A saving economy in which citizen save more than spend is a bad economy, GDP is calculated by how much citizens spend and not how much they save. Money saved does not help an economy as it does not encourage production but more importantly, a saving culture shows that the citizens do not trust their economy, thus the need for a rainy day fund and lack of investment opportunities

Ojemedad:
Ekpa, why not compare lizard and elephant in the quantity of food they eat, don't quote me again, you are reducing my IQ

nairaman66:
No, the low self esteem is on you. Your argument is laughable and you will live in self denial the rest of your miserable life. I do not understand how anyone in their right sense would compare living in the uk and Nigeria.

What did you smoke?

fasttrack:
[s]Hahaha, you don't argue with people who are less informed and don't understand the meaning of analysis. You leave them. Sukkot obviously is a child n novice, who is less informed but thinks he/she's the smartest. [/s]

fasttrack:
"So in essence in the UK his cost of living is 9 times what it is in nigeria. Isnt that amazing ?" What's the essence of this post. Is this post to inform people of
how expensive it is to live in the uk or why did u post this info sef.

sukkot:
use your brain na, it is a comparative living cost analysis between two countries

Originalsly:
Sticking to the topic.... this is about cost of living..... not standard of living. .... and specific to rent.. OP.... you can't look at cost in isolation .... it must be attached to something.... salary. Let's consider base salary .... minimum wage..... that of the UK.... and that of Nigeria. Similar studio apartment in similar neighbourhood..... ghetto/highbrow.... what is the annual rent including electricity? To make a fair comparison.... how many months does each has to work to pay that rent? Do the math.....I'm sure the conclusion will be very different.

fasttrack:
If you are intelligent which I initially thought you were, you will factor in wages, feeding and other basics costs and see who's able to have more savings at the end of the day. You don't compare a minimum earner to an average income earner.
Can a min wage earner in naija live in the apartment in Osapa London.

sukkot:
brother, this is a cost of living anaysis not a ' what you earn ' analysis. COST OF LIVING !!!!!!. do you gerrit ?

Originalsly:
Sticking to the topic.... this is about cost of living..... not standard of living.

fasttrack:
It's obvious the OP hasn't lived in both places, that's why he's based his assumptions blindly

sukkot:
FINALLY SOMEONE WHO GETS IT

fasttrack:
That's why you have to compare it to what you earn. Then you can now start analysing

fasttrack:
You are confused, your topic has no basis, but from all Inducations, it's assumed you were trying to buttress a point that the uk is a more expensive place to live in than Naija.

If you do this, you have to factor in wages and see if that compensates the high cost

sukkot:
brother stop being stupid na. you can compare cost of living between countries without salary entering the topic. its like you people cannot think in fragments. thats the benefit of schooling abroad, they teach you how to think in fragments. YOU CAN COMPARE COST OF LIIVING BETWEEN COUNTRIES WITHOUT TALKING ABOUT WAGES. APPLE COST X AMOUNT HERE AND Y AMOUNT THERE ETC ETC ETC. LEARN TO BE ABLE TO THINK IN FRAGMENTS. EVERYTHING DOESNT ALWAYS HAVE TO BE COMPREHENSIVELY ARGUED. YOU CAN ISOLATE AND EXTRAPOLATE AND FOCUS ON THAT