₦airaland Forum

So given the economic situation in the country, what amount would you consider to be a good salary?

Felimax:
Wise men don't talk salary. Talk business and profit margins.


How much do you think you can pay Dangote, Davido, Don J and their likes if you could employ them?

Eye go turn you!

EmperorCaesar:
I guess you are in their class, congrats. How many percentage of the world population had/will ever have a head start like theirs?

Realistically speaking, how many graduates from Nigerian Federal Uni would start up a business right after NYSC? Wont they have to start somewhere first? Or do they dash out capital to people where you come from?


As for the bolded, There's no correlation between being Wise and what you wrote, maybe smart. Wealthy people do not neccessarily have higher IQ than those below them.

floss:
The problem is not the salary but the economy and strength of the naira to dollar, if one dollar was 30 naira, a salary of 70k will serve you for 2 months comfortably

I remember when motorcycles bike were sold for 100k , we enter bike for 30 naira , 50 naira for very far distance

With 500k you can get a good car

CodeTemplar:
6-10 bags of 50KG rice equivalent.

EmperorCaesar:

I will be very realistic with this. Not in comparison with any European country and some Phantom minimum wage equivalent
Anyone who disagrees with me isnt only unrealistic, but daft and lacks good judgement on critical matters matters


OP, depending on the level, For an Entry level staff, i feel 350k-450k is fair(Most banks pay within this range),

Those in Tech should earn around 500k-700k as Entry level staffs


Higher levels should depend on acquired skillset and years of expertise


If you disagree with this, create your company make you pay your corpers and interns 1m every month. Nonsense

steeltrust:
Given Nigeria’s 24.28% inflation, a minimum wage of ₦45,000–₦60,000/month is a reasonable starting point. However, structural reforms (e.g., stabilizing the naira, boosting productivity) are critical for long-term solutions.

Akinfemmy:
Is that what you give your workers?

Akinfemmy:
Is that what you give your workers?

Felimax:
Wise men don't talk salary. Talk business and profit margins.


How much do you think you can pay Dangote, Davido, Don J and their likes if you could employ them?

Eye go turn you!

talk2hb1:
You are getting everything all wrong, not everybody wants to start a business, not everybody can run a business, and not everybody will start a business.
Even businesses needs employees to run, it's just the basic truth.

talk2hb1:
You are getting everything all wrong, not everybody wants to start a business, not everybody can run a business, and not everybody will start a business.
Even businesses needs employees to run, it's just the basic truth.

Irongate5:
your last paragraph says it all