If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. - Career (6)

If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. - Career (6) - Nairaland

Nairaland Forum › Nairaland General › Career › If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. (33793 Views)

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Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Usmanovic95(m): 9:55pm On Oct 27, 2024

The international poverty line, which is currently $2.15 per person per day, is the threshold that determines whether someone is living in poverty. Alot of Nigerians are not spending that in a day,that explains deep-rooted poverty Is In this country.

1 Like

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by TinubuBarawo(f): 9:58pm On Oct 27, 2024

helinues baby do you want salary ?
hurry up ok

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Lamasta(m): 10:00pm On Oct 27, 2024

id4sho:
Down trodden

Let the poor breathe biko grin

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Lamasta(m): 10:07pm On Oct 27, 2024

Sharpsharp00123:
keep quiet there

We know your type people that are still been fed n don't know d value of money

Illicit, these are the kind of people we discussed in that thread where Nigeria youths will always talk down on money

I feed family how things are in d street, we have many people not earning up to 500 n they are living fine

All these online billionaire's we know Una, even 50 million per month will never n enough meanwhile u don't have 5k in your aza

Oga we you keep quiet, who told you they are moving fine in this tpain economy huh

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by JaskanFactor: 10:14pm On Oct 27, 2024

in case you have not figured it out yet, they are using the naira to destroy people financially.

IN the same way you cant tell the time with a clock that's running too fast , you cannot use the naira as legal tender or money, unless you want financial ruin.

Under any normal circumstances it would be a criminal offence to force people to use such a valueless as currency as legal tender.

And whom ever wants to tax you, after paying so much tax already in inflation is simply trying to kill you off.

Its as simple as that, so tat anybody who is not billionaire looking to get married and settle down is asking for trouble .

The rate at which naira is depreciating is set to depopulation in a hurry .

This is going on worldwide , thats why price of gold is going to the moon , but unlike the rest of the world where the currency devaluation is happening more gradually , in Africa its set to murder quickly.

They dont want people around anymore, and if you not rich and working on bringing more people to the world, they will take it as insult, cause they are always checking the birth rate in the hospital , so long as that number is higher than they want it, the price of everything you need to survive will keep going up, and the taxes too will keep going up.

2 Likes

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Bolingua1: 10:30pm On Oct 27, 2024

SoftSport:
Clout chaser!

It's quite misleading to claim that someone earning a salary between 300k and 500k is poor.

Such statements seem designed to sensationalize issues and undermine the government's efforts.

While we acknowledge the economic challenges, a salary in that range can indeed provide a decent standard of living in Lagos or elsewhere in Nigeria.

It's essential to recognize the nuances of financial stability rather than reduce it to simplistic notions of wealth and poverty.

You are far from reality. #500k can't give you a decent living any more in Nigeria.

How much do you fill up the tank of your car now?

1 Like

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by 3kay945(m): 10:35pm On Oct 27, 2024

SoftSport:
Clout chaser!

It's quite misleading to claim that someone earning a salary between 300k and 500k is poor.

Such statements seem designed to sensationalize issues and undermine the government's efforts.

While we acknowledge the economic challenges, a salary in that range can indeed provide a decent standard of living in Lagos or elsewhere in Nigeria.

It's essential to recognize the nuances of financial stability rather than reduce it to simplistic notions of wealth and poverty.

I don't think you have anything upstairs sir. cool

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by cucumbar: 10:40pm On Oct 27, 2024

[/b]

Tayorshd87:
May God bless your generation for this .

The poster was just saying words out of point because everyone will just have to live according to their earning shekina.

Me wey dey earn below 100k can I go and rent 2 bedroom flat?

[b]No I stead I will go for my size which is a single room ..and nothing more

In that case, he is correct….
You’ve Been living in squalor even before your jagaban destroyed the country.

Now, you are living below poverty, because na under bridge your 100k per month fit afford these days.

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by IbeOkehie: 10:44pm On Oct 27, 2024

ruggedtimi:
How many persons dey earn more than 500k

This is the koko of the matter. This is the real question.

Anyway, I've heard that living in Nigeria is still better than living in the US & UK.

Ask the Anti-Jakpa Crew!!!! grin

Good Luck to Nigeria!

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Day169: 10:46pm On Oct 27, 2024

Quebec91:

You no well

Mods!
.. this 'vawulence' is just too much! I only asked a "kweshun." It's a breech of community rules!! grin

1 Like

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by franvincoop: 10:53pm On Oct 27, 2024

Na dem dey run "rat race" as "church rats" wey dem be.
Normally u no suppose bring minimum wage into this thread. Na 300 to 500k dem dey talk abt.
Minimum wage wey no fit buy bag of rice?,
where money to use buy oil, gas, tomato, spices to take cook the rice go come from?

Bamss1:
If 500k is poor those wey dey earn minimum wage nko?

I think your yardstick for the classification is wrong

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Kokaine(m): 11:15pm On Oct 27, 2024

Not true

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by 234GT(m): 11:23pm On Oct 27, 2024

franchasofficia:
The poster is 100% correct.

1 bag of rice is 120,000 naira

1 liter of petrol is 1080 naira

1 unit of nepa bill is around 240 naira or so

1 bottle of coca cola is 400 naira

1 bottle water is 200 naira for normal bottle water.

1 loaf of bread is 1500 naira

A room self content in Lagos mainland is around 450,000 naira excluding agency and agreement fees.

Now how is the poster chasing clout if you sum up all these and calculate what the person earning 300k salary would consume in a month with his wife and kids, do you think his salary can comfortably cover their monthly bills if they are to feed adequately and live a good life?

I bought bottle water 🍶 on Friday.....the sales girl said 200 naira.....I take shame collect am pay 200.....I come dey carry am dey go, dey think say the girl don scam me......I still reach my office ask my colleague whether they don scam me or not....

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Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Kingzjayzee: 11:33pm On Oct 27, 2024

Corporate2020:
You wey no get any job nko? Wetin you be?

poorest of the poor. grin

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by TOPCRUISE(m): 12:00am On Oct 28, 2024

Bamss1:
If 500k is poor those wey dey earn minimum wage nko?

I think your yardstick for the classification is wrong

Can minimum wage buy bag of rice

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by steeltrust: 12:43am On Oct 28, 2024

I don’t believe this nonsense
300k to 500k salary a month means you’re even way from the middle class

Except you spend frivolously
In a family or three
300k salary should be ok if well utilize
In a family of 4 or 5 500k pay check should be good if managed properly

We know the economy is bad and the govt hasn’t lived up to it responsibility due to mistake y’all made on Election Day but let say the truth sometimes

300k-500k a month pay check is good

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by 43Ronin: 1:02am On Oct 28, 2024

A very poor bastard

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Difrent: 1:05am On Oct 28, 2024

Truf:
You’re the one looking foolish, dummy. How much be full tank of fuel again? Rice, beans, garri, oil Gas, light bill, school fees, children’s snacks and a host of other expenses, then miscellaneous. You’re silly! 500k is chicken change right now

See how you still dey look foolish, chicken change that you don't earn abi

Dont LIE, you don't

The economy can't take all these figures you FOOLS bandy around....you will end up having few people at work and most people out of work and nobody wants that...... Let wages that can make most people remain on their job be the priority and not fueling some idiots ego

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Emma1Oj(m): 2:26am On Oct 28, 2024

SpiritMoney:
And even the upper lower class is being eroded.... 🤦🏾‍♂️

😀😀 this Tinubu own na really - sheyge banza..

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Ekaka14: 2:39am On Oct 28, 2024

SpiritMoney:
And even the upper lower class is being eroded.... 🤦🏾‍♂️

Nigerians sef...which one be upper lower class again nah grin

1 Like

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by bdon123(m): 3:27am On Oct 28, 2024

SoftSport:
Clout chaser!

It's quite misleading to claim that someone earning a salary between 300k and 500k is poor.

Such statements seem designed to sensationalize issues and undermine the government's efforts.

While we acknowledge the economic challenges, a salary in that range can indeed provide a decent standard of living in Lagos or elsewhere in Nigeria.

It's essential to recognize the nuances of financial stability rather than reduce it to simplistic notions of wealth and poverty.
Well truth is u are almost poor bt u still middle class.Wit 500k u can comfortable pay house rent which is currently biggest expenses

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Xtboy15(m): 3:30am On Oct 28, 2024

What about we wey no get work nko??
Anyi atokirila in akpi's voice

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Henryfocoyo(m): 4:24am On Oct 28, 2024

Sharpsharp00123:
set awon online dangote

We know your type

Even 100 million naira per month is not enough whereas they don't have 10k in their aza

no dey answer all those people abg, always talking down on the currency
How many people are even seeing 100k a month in Nigeria.
Life is all about the class you place yourself, I can live a comfortable life right now and eat whatever I like for 2 months with 500k including my 3 three sisters, I don't go out like that so I don't drive all the time, why some people can't even manage 4m for a month for their up keep, life is different and that is how the cost of running individual lives are different, so don't judge others based on your extra spending lifestyle.
Is not enough for you doesn't mean is not gonna be enough for another person
Peace ✌️

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Exousiang01(m): 4:41am On Oct 28, 2024

Corporate2020:
You wey no get any job nko? Wetin you be?

Masses

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by smasher1(m): 5:06am On Oct 28, 2024

Boxnaijatv:
Wahala!!! "If your salary is between 300k and 500k in Nigeria you are no longer in the middle class". - Man says

Fact or cap?

Fact. I would rather say, if your salary is below 1m monthly, you are poor. And I agree. I'm poor.

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by smasher1(m): 5:08am On Oct 28, 2024

HappyPagan:
Even 1m dey struggle o..

Someone who spends above 1m monthly on recurrent expenditures not capital expenditures is poor, because he struggles to pay all the other expenses and misses some.

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by smasher1(m): 5:11am On Oct 28, 2024

wirinet:
It's not misleading. That's the reality of the Nigerian economy today. A family earning less than N500k (which is less than $300) per month is considered poor by today's economic matrix.
Except you have no children or other defendants, live in a single bedroom apartment in a poor neighbourhood, eat very poor quality food, no vehicle or generator, etc., you quality of life would be quite low.
When you consider the average cost of feeding an average family of 5, paying house rent for 2 bedroom flat in a fairly good neighbourhood, paying school fees for 2 or 3 children quarterly, paying for band A electricity or running a generator a few hours a day, maintaining just one vehicle, transporting to and fro from work or business, you will realise that 500k per month would not just be ebough.

Fuel for vehicle alone if where you stay is not far is around 150k a month, fuel for generator can go as much as 100k a month so below 1m is very poor.

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by smasher1(m): 5:14am On Oct 28, 2024

ruggedtimi:
How many persons dey earn more than 500k

It's not the salary that matters only, it's how much extra money you make. You can earn 500 and get extra 1m monthly legitimately. That's what matters. When I was teaching 13 years ago, my salary was 20k, I do earn around 80k on home lessons. That's good income.

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by lanre316: 5:33am On Oct 28, 2024

Boxnaijatv:
Wahala!!! "If your salary is between 300k and 500k in Nigeria you are no longer in the middle class". - Man says

Fact or cap?

Nonsense talks. Why stop at 500k? Why not say if you're earning 5m per month you're poor, since we're throwing figures anyhow

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by lanre316: 5:39am On Oct 28, 2024

smasher1:
Fuel for vehicle alone if where you stay is not far is around 150k a month, fuel for generator can go as much as 100k a month so below 1m is very poor.

100k fuel per month is wastage. What happened to solar power. Buy once and save money in the future.

If you are a wasteful person no amount of salary will be enough. I know someone living in Abuja earning 1.3m still always complaining about money. And there are people in the same Abuja living okay with far far less.

Nigerians needs money management skills instead of complaining all the time. Bad economy requires a lot sense to cope with it.

1 Like

Re: If Your Salary Is Between 300k & 500k Now In Nigeria, You Are Poor. by Steve0979(m): 5:43am On Oct 28, 2024

Hussein035:
Some people earn 1M monthly and they are poor and never happy because they are concerned about what people say about them

Some earn 100k and are happy cos they don't care about anyone but do within their limits

There's is government schools, your family can eat 101 but you want to impress friends and enemies, even 2 million a month you will still be poor chasing nonsense

ar u ok at all? who dey earn 100k wey dey happy? mtchw

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