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Nairaland Forum / Nairaland / General / Education / FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors (33806 Views)
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Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by einsteine(m): 10:18am On Jul 15, 2022 |
Mickeybook: You lack an understanding of economics. It is harder to be a Senator than a Professor. That's why there are 109 senators and more than 7000 professors. Consequently, senators must earn more than professors. Also, professorship is a permanent position till 70 years while senators have a defined tenure. It's the same way people say why are doctors not earning more than footballers, forgetting that there are far more doctors (who have a longer career) than professional footballers and statistically, it is easier to be a doctor working in the UK than a Premiership footballer. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Powersurge: 10:19am On Jul 15, 2022 |
freemi: 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. 3 Likes |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by 989900: 10:21am On Jul 15, 2022 |
kernniejay: The pay is per month. 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by socialmediaman: 10:23am On Jul 15, 2022 |
kernniejay: 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 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Vicogrin(m): 10:27am On Jul 15, 2022 |
einsteine:Even at that we still earn way more than the final amount you arrived |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by es144000: 10:29am On Jul 15, 2022 |
tony0806:You are very wrong. Oil companies take at least 40% of the revenue as their part. With what is left the FG takes 52%.Do the calculation, don't forget the government has debts to pay and other government workers to pay. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by socialmediaman: 10:29am On Jul 15, 2022 |
etrange: Yes you get the point 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by kernniejay(m): 10:31am On Jul 15, 2022 |
einsteine:If you know how much Abacha looted within 1993 to 1998, you will know that Nigeria can afford triple of that amount. Only Hope Uzodinma was seen wearing a wrist watch of $800,000 shown here on Nairaland just yesterday. Wife of Femi Gbajabiamila was said to have worn an outfit that cost over a $50k. Not quite long ago, Gov. Matawalle was said to have distributed exotic SUVs (including Cardilac SUVs) to all traditional rulers in his state. If those are far fetched, at least you are aware that each APC presidential aspirant (including a Pastor) bought the form for N100m except a woman whose form cost N50m and most of them did not contest before stepping down. PDP's form cost N40m and we all took it for granted because it's not up to N100m that APC sold it's for. Forget, there is bastard money in Nigeria. Just that it is only circulated within the political class. 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Munamoqel: 10:32am On Jul 15, 2022 |
eas01:the academics can also join politics Prof zulum is doing well. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by socialmediaman: 10:34am On Jul 15, 2022 |
Obidient4life2: Good question. That’s what we should be protesting about, not paying our college professors N2 million monthly If we increase their salaries to N2 million, then doctors will be earning about N5 million monthly because doctors earn up to 2.5 times professors if we’re using the American average comparison |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by kernniejay(m): 10:42am On Jul 15, 2022 |
socialmediaman:God bless you for pointing my attention to it. if the Nigerian Professor earns N24m a year, we need know the income of a US Proffessor in a year also and convert to naira to determine how much he also earns annually in naira, we can now compare total cost of surviving in both Nigeria and America by the Professors for us to do a fair judgement. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by frog12: 10:43am On Jul 15, 2022 |
ASUU is even greedier |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by kernniejay(m): 10:44am On Jul 15, 2022 |
989900: God bless you for pointing my attention to it. To balance things up, if the Nigerian Professor earns N24m a year, we need know the income of a US Proffessor in a year also and convert to naira to determine how much he also earns annually in naira, we can now compare total cost of surviving in both Nigeria and America by the Professors for us to do a fair judgement. 1 Like 2 Shares |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by starz100: 10:46am On Jul 15, 2022 |
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. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by frog12: 10:46am On Jul 15, 2022 |
hhajahaha sekem: |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by LikesAndShares: 10:50am On Jul 15, 2022 |
starz100: It's more than too much. Most of those professors are old and completely useless to the system. It's not like they are actively involved in any significant research/es that can benefit the society on a greater scale. In fact, their professorship is just for mere symbol of status. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by pfadom: 10:54am On Jul 15, 2022 |
The demand is stupid. Even if the government can afford it, do you expect other categories of workers to keep quiet and continue with the N30k minimum wage? If it is affordable, is it sustainable? Is it reasonable with the present economic situation where over 80% of revenue is devoted to debt servicing. tony0806: |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by akigbemaru: 11:13am On Jul 15, 2022 |
tony0806: |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Adeoye11(m): 11:33am On Jul 15, 2022 |
tony0806: Yessir we know but why are we still queing for petrol sir?If we make so much why are we not working on gold's, also you only calculated the forward reaction what about the backward reaction I.e the landing cost? |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by GreyLaw(m): 11:44am On Jul 15, 2022 |
socialmediaman: 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. 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by GreyLaw(m): 11:49am On Jul 15, 2022 |
sgtponzihater1: Full college professors in the U.S. made an average of $143,823 in 2021-22. That's about N6m monthly using N500 per dollar. And we know that $1 is N610 currently. And at that rate they earn about N7.3m per month. They are not even close! You can make your own research and see what US full time professors earned last year. 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Chuksgeo: 12:16pm On Jul 15, 2022 |
socialmediaman: Likewise, why would a Nigerian politician earn 6-7 times what American politicians earn. Even a councillor in Nigeria earns more comfortable than a Nigerian professor 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by COMPAQ(m): 12:18pm On Jul 15, 2022 |
tony0806: First of all not all of Nigeria's daily crude production belongs to Nigeria. Nigeria operates JV and PSC structure and in most cases the Government take ranges from 45% to 65% of the crude. Secondly even if we assume government takes 50%,not all of that belongs to FEDERAL GOVERNMENT!! It will still be shared at FAAC to all tiers of government. |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by COMPAQ(m): 12:29pm On Jul 15, 2022 |
kernniejay: Guy which electricity and gas is subsidised in US? Who is feeding you trash? I'm in houston as I'm typing this and petrol is $4.50 per gallon (that's N497 per litre using official rate of N420/$). My last electricity bill was over $200 for June cos its bloody hot at the moment. Hotter than normal. So Hvac is overworking. My car insurance is $115per month and property tax is about $4500 annually and mortgage is $1850 monthly? Are bills in Nigeria this high? Professors in Nigeria should earn more no doubt, but please do not compare blindly to America. 1 Like |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Mpotomisticai(m): 12:37pm On Jul 15, 2022 |
I love it analysis. It's like u are in the academia to know this much in Ghana earns close to a million a month. N2M won't be bad for a Prof in a country that prides itself as "Giant of Africa". Besides, a Prof. in an average Western University earns around N5m monthly without the stress Nigerian Lecturers have to go through. So, compare that with a Profs sub 500k total take home pay and see how low we are. That said, this report is either a product of Mushroom, or malicious journalism. Ngige, in his vituperations claimed the lecturers jacked up their salaries by about 180%. No Prof currently earns up to N500k as total take home from CONUASS. How much is 180% of 500k? The actual amount will be slightly below 900k per month. How the olodo journalist got to 2M which is like 4.5times the current pay is quite funny. While this argument is going on, Buhari is releasing 400bn for useless tradermoni. The reason Ngige has been playing with this whole thing is cos he knows Buhari will do nothing to him or anyone from the FG team for that matter. TRULY, BUHARI IS A MISHAP. [/quote] |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Hassanmaye(m): 12:58pm On Jul 15, 2022 |
tony0806:Oh God see maths 1 Like 1 Share |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Tundex911: 1:36pm On Jul 15, 2022 |
Whereas, fellow politicians for house of Rep and senate dey embezzle every day without checkmating them... Awon weyrey gbogbo Smh |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by Hassanmaye(m): 1:47pm On Jul 15, 2022 |
socialmediaman:Wow another fact |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by socialmediaman: 2:11pm On Jul 15, 2022 |
GreyLaw: I used moderate estimates both for salary and rent, plus or minus error range of -25% to +75% |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by cerpvad(m): 2:33pm On Jul 15, 2022 |
How much will Obi pay the masses per month? That is the only thing I have interest in IboHausaYoruba: |
Re: FG Committee Recommends ₦ 2 Millions Monthly Pay For Professors by freemi(m): 3:40pm On Jul 15, 2022 |
Powersurge:to swear for ur mama d hungry me. N who said 30m is not too much for parliamentarians? Leave life of aggression it will lead u no were. |
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