Mickeybook:
In a same country, professors earn should earn more than senators, to be a professor na beans?

freemi:
It's too much. We no send wunna that kind work

kernniejay:


Going by your analysis and logic, if a Professor in Nigeria spends N700k per annum on rent, and he will have 1.3m left for the whole year, have you considered the cost of fuelling his car and generator on daily basis, cost of school fees of two children in the university (and probably another two in a private secondary school), cost of cooking gas and cost of electricity (which are provided by govt in the US at a subsidized rate), cost of foodstuff which is racing at alarming speed every week and other factors like other dependants (e.g. Aged relatives or parents etc) which is usually not the practice in the US, if you convert all these costs to dollar and compare, you will see that Nigeria is a hostile place to survive.

kernniejay:


Going by your analysis and logic, if a Professor in Nigeria spends N700k per annum on rent, and he will have 1.3m left for the whole year, have you considered the cost of fuelling his car and generator on daily basis, cost of school fees of two children in the university (and probably another two in a private secondary school), cost of cooking gas and cost of electricity (which are provided by govt in the US at a subsidized rate), cost of foodstuff which is racing at alarming speed every week and other factors like other dependants (e.g. Aged relatives or parents etc) which is usually not the practice in the US, if you convert all these costs to dollar and compare, you will see that Nigeria is a hostile place to survive.

einsteine:


Nigeria has not produced up to 1.8 million barrels per day for more than a year now.

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.

etrange:


You actually "down-played" it. The average annual rent of 2 bedroom in the US can't be N7M (less than $16,500) if your calculation considers places like New York where monthly rent for 2 bed is between 5k to 6k. Even in the cheaper areas, $16,500 annual rent would imply a monthly rent of about $1,375. That's not realistic for a 2 bed. I know you gave an estimate but I think it's much higher than that.

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.

eas01:

Ask the politicians first why the want to earn more than an average US politician when their expenses and standard of living is less

Obidient4life2:

How much is our Senators earning and how much is American senators earning?

socialmediaman:


It’s N2 million naira monthly which is N24 million naira a year, so if he pays 700k rent, he has N23.3 million naira left

989900:


The pay is per month.

sekem:
FG have put ASUU in a defensive mode.

ASUU may now be exposed as a bunch of greedy jobbers seeking to earn so much for doing so little.

It will be interesting to see how this whole game plays out.

starz100:
N2 m for a prof is certainly too much. Any salary for lecturers should be relative to what other workers in various sectors are earning. It is now clear to all that this strike is all about salaries. Can the government afford it? What about doctors? What about teachers who are paid less than N80k. Further more, approving such will put a strain on the inflationary rate.
Let the government do a wholistic salary review that captures all sectors, otherwise it should be prepared for avalanche of strikes.

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.

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?

sgtponzihater1:


Very sound thinking. It's just pure greed.

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.

kernniejay:


Going by your analysis and logic, if a Professor in Nigeria spends N700k per annum on rent, and he will have 1.3m left for the whole year, have you considered the cost of fuelling his car and generator on daily basis, cost of school fees of two children in the university (and probably another two in a private secondary school), cost of cooking gas and cost of electricity (which are provided by govt in the US at a subsidized rate), cost of foodstuff which is racing at alarming speed every week and other factors like other dependants (e.g. Aged relatives or parents etc) which is usually not the practice in the US, if you convert all these costs to dollar and compare, you will see that Nigeria is a hostile place to survive.

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:
Using moderate estimates, 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?

GreyLaw:


Your figures are outdated!

Full college professors in the U.S. made an average of $143,823 in 2021-22. That's a rounded up value of about N6 million naira monthly! And that's at N500 per dollar.

Naira is currently about N610 per dollar so those professors in the US earn an average of over N7 million per month.

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.

Powersurge:



To swear for your papa dey hungry me. 2 million Naira too much for a professor but 30m monthly is not too much for parliamentarians abi?

If you like to labor like elephant and eat like ant others don't want to live like that.