tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

Jones4190:

..your calculations is wrong
Nigeria produce 2.5 barrel of oil per day at the rate of $100+ per barrel,
2.5 × 30 =75,000,000
a barrel of oil is $100+
}75,000,000 × $100 = 7,500,000,000
} a dollar is 414
}$ 7,500,000,000 × N414 = 3,105,000,000,000

Nigeria is bastardry rich, our leaders are useless

chiol:


The number of senators is less than the number of Profs in many universities. Even if FG agrees to pay, what of state and private universities? Their school fees will then jump to tens of millions, as they pay from their revenues.

Also, is ASUU the only body in this country? OnceFG tries it, others will go on strike for theirs to be increased too. Medical doctors and others are just watching. Una wan finish this country finally

Golan007:


Lagos.

Everybody's running to the state.

If it was terrible, they wouldn't.

tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

Elashade:
No people if that will eliminate corruption on the side Most of these Profs in our academic System

Please joor, We will Design a professional Company Logo for your Business or Letterhead Design for 2k Only

Drop Us Your Company Name:
Hahahhahahaha wlh it will never happen

https://forms.gle/BGmdThDuFh6eP4tB7
.

IboHausaYoruba:
I promise you that Obi will implement 3Million per month for all professor if we can support him. That's why they have started having sleepless night because of Obi and Obidient people. You think it's a child play for Afenifere to declare for Obi, you think it's a child play for Simon Ekpa to stop sit at home and become Obidient, you think Mazi Nnamdi Kanu didn't see the future to have commanded all Nigerian youth for Obi. At the mention of LP, other parties become jittery. Enough is enough, all old cargos and drug barons must retire from politics by fire by force.

tony0806:


You are very correct. Thanks for the detailed explanation

socialmediaman:
The average salary of a college professor in America is about N4 million naira monthly plus or minus (using N500 to $1)

The average cost of a 2 bedroom apartment in America is about N7 million annually, while the average cost in Nigeria (Lagos mainland) is about N700,000 annually

So based on this very simple comparison, why does a college professor in Nigeria want to earn half the salary of an American college professor when his expenses and standard of living are over 10x less?

tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

IboHausaYoruba:
I promise you that Obi will implement 3Million per month for all professor if we can support him. That's why they have started having sleepless night because of Obi and Obidient people. You think it's a child play for Afenifere to declare for Obi, you think it's a child play for Simon Ekpa to stop sit at home and become Obidient, you think Mazi Nnamdi Kanu didn't see the future to have commanded all Nigerian youth for Obi. At the mention of LP, other parties become jittery. Enough is enough, all old cargos and drug barons must retire from politics by fire by force.

PJ123:


It's so simple, if you want to earn as much senators, resign and go contest.
And unfortunately for you, the salaries of a professor and senators are almost the same thing currently. They majorly convert constituencies allowances for for their personal use, that's why their living that bogus life apart from budget padding and other forms of stealing.
Stop being a fool, what we should all be clamouring for Nigeria to develop is how to eliminate all the corruption in governance so we channel our income infrastructural development and not payment of salaries.

IboHausaYoruba:
I promise you that Obi will implement 3Million per month for all professor if we can support him. That's why they have started having sleepless night because of Obi and Obidient people. You think it's a child play for Afenifere to declare for Obi, you think it's a child play for Simon Ekpa to stop sit at home and become Obidient, you think Mazi Nnamdi Kanu didn't see the future to have commanded all Nigerian youth for Obi. At the mention of LP, other parties become jittery. Enough is enough, all old cargos and drug barons must retire from politics by fire by force.

Munamoqel:
it seem you are graduate of ASUU lead Universities .there is a cost in production of the crude ,which is about 30-35 dollars in Nigeria ( among highest in the world ) then it a sharing contract with IOC and NNPC ( Nigeria state) .some is 60 and 40 percent cut .so must time Nigeria get around 40 dollars x1.2 m barrel .but sadly bulk of the crude is not coverted to bills in our income accounts but used as swapp for import of subsidies petrol .(500,000) barrel .then you add production cut due to vandalism and crude theft .then you add price changes .crude can go as low at 35 barrel ( so you take and average cost ) then all this income is already tie to the 40 trillion naira do debt buhari chop some in euro and dollars and the recurrent expense . Na negative go remain .So Think Nigeria is a poor Nation with rich potential

tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

sinkhole:

Exposing the lies from Chris Ngige

According to Chris Ngige, the current university wages is N412bn, and that the Proposal of a 109 -185% salary increase for lecturers from Prof. Briggs' committee will increase the university wage structure by N560bn.

Meanwhile, the 2022 budget for the 44 federal universities is N355.47bn and the budget for personal costs is N320.7bn. They have padded university personnel costs by N91bn to blackmail ASUU. Kolewerk!

But the academic staff is about 30% of the university staff. So, how will even a 200% increase in the salary of the 30% staff amount to N560bn? These guys don't even know how to lie.

©Copied

einsteine:


So there is no cost to the production of crude? And the oil companies that are producing it are good samaritans that produce every barrel and hand it over to Nigeria? Don't comment on what you don't know for likes. Nigeria cannot afford to triple the salary of ASUU members which is what is being recommended.

tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

Munamoqel:
I don't work with unverified data release by any body .you can share the link to the ministry of finance payment schedule .and education doesn't not start and end with Universities /ASUU . There FCE ,poly unity school , UBEC NTI etc .which are even more important in developing the social fabrics of the Nation than this junk degree mills that produce skilless manpower

kellyezekiel1997:



You forgot to know that Nigeria still imports those products from crude oil.
So, the country sells for $93 per barrel, only to buy back the same products from crude oil

Vicogrin:

Your calculations and conclusions are wrong
We produce 2.5m BPD of crude oil daily and a barrel of crude oil cost between the range 90-95 dollars per barrel. Nigeria make roughly 98 billion naira from crude sales daily.I stand to be corrected

socialmediaman:
The average salary of a college professor in America is about N4 million naira monthly plus or minus (using N500 to $1)

The average cost of a 2 bedroom apartment in America is about N7 million annually, while the average cost in Nigeria (Lagos mainland) is about N700,000 annually

So based on this very simple comparison, why does a college professor in Nigeria want to earn half the salary of an American college professor when his expenses and standard of living are over 10x less?

tony0806:

*MODIFIED*

2,000,000 monthly

As at 2019, Nigeria had about 11,877 professors (though this include both those on private and public higher institutions).

That means; monthly, the government will pay 2,000,000 x 11,877 = 23,754,000,000. That's over twenty three billion naira monthly.

As at today, Nigeria produces about 1.2m BPD of crude oil (Our main source of income, excluding mineral resources from the north which I don't know why they don't mention it. Only God knows where that money is going to). Using the official exchange rate of about 414 naira/dollar,
If 1 barrel is about 93 dollars, this becomes 1,200,000 x 93$ = 111,600,000 per day



that's a total income of 111,600,000 x 414 = 46,202,400,000 (Nigeria's income from crude oil).

THEN; 46,202,400,000 x 30 days = 1,386,072,000,000. This is over 1.3 Trillion naira monthly.

Boy o boy, This country is making money.

SUMMARILY, THE GOVERNMENT CAN PAY ASUU COMFORTABLY.

socialmediaman:
The average salary of a college professor in America is about N4 million naira monthly plus or minus (using N500 to $1)

The average cost of a 2 bedroom apartment in America is about N7 million annually, while the average cost in Nigeria (Lagos mainland) is about N700,000 annually

So based on this very simple comparison, why does a college professor in Nigeria want to earn half the salary of an American college professor when his expenses and standard of living are over 10x less?

NewFolm4:
• ASUU alleges blackmail

https://thenationonlineng.net/fed-govt-committee-recommends-n2m-monthly-pay-for-professors/

socialmediaman:
The average salary of a college professor in America is about N4 million naira monthly plus or minus (using N500 to $1)

The average cost of a 2 bedroom apartment in America is about N7 million annually, while the average cost in Nigeria (Lagos mainland) is about N700,000 annually

So based on this very simple comparison, why does a college professor in Nigeria want to earn half the salary of an American college professor when his expenses and standard of living are over 10x less?