Is ₦500k Still A Big Money In Nigeria? - Career - Nairaland
Nairaland Forum › Nairaland General › Career › Is ₦500k Still A Big Money In Nigeria? (19588 Views)
| Is ₦500k Still A Big Money In Nigeria? by Kickkick(op): 5:23pm On Feb 27, 2025 |
Hello all, my monthly salary is N552,000+/- after tax but I kid you not, I'm always broke few days after receiving it. That is why I'm asking if people still achieve so much with such amount. Abi na me no sabi use money well? 22 Likes 3 Shares
|
| Re: Is ₦500k Still A Big Money In Nigeria? by Ibst: 5:25pm On Feb 27, 2025 |
Bad |
| Re: Is ₦500k Still A Big Money In Nigeria? by Sonnobax15(m): 5:31pm On Feb 27, 2025 |
 E be like say na father Christmas kind of lifestyle you dey live abi you dey patronize hook up ?  112 Likes 8 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Namaster: 5:32pm On Feb 27, 2025 |
Although inflation has ERODED the value of money. But if you go broke few DAYS after receiving #552k, the problem is YOU! 247 Likes 19 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by dawnomike(m): 5:39pm On Feb 27, 2025 |
Kickkick:Lower your expenditures 44 Likes 5 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by IyaTola: 6:30pm On Feb 27, 2025 |
Kickkick:You na sabi use money 31 Likes 4 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Kickkick(op): 6:39pm On Feb 27, 2025 |
Sonnobax15:I don't drink or womanize. Or may be at the very little. 7 Likes |
| Re: Is ₦500k Still A Big Money In Nigeria? by Olachase(m): 6:51pm On Feb 27, 2025*. Modified: 11:28pm On Feb 27, 2025 |
you better go wash your head with the looks of things even if them give you 1M you fit still go broke abi you don chop wetin no be your own  Because it now part of you guys behaviour, even though the company is paying you well Una go still day steal company properties 😏😏 204 Likes 10 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by FatherCHRISTMAS: 6:54pm On Feb 27, 2025 |
Kickkick:Things are generally expensive. Thrice as expensive than it was before. If you own a car and a family with 2 kids, it's possible you exhaust 500k in a week. Majority of funds end on fuel for car and kids wellbeing. The best thing you can do is draft a way you always end on 100,000 you wouldn't touch. 38 Likes 3 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Sapeleboy911(m): 6:55pm On Feb 27, 2025 |
Although inflation is high, You are living above your means. 42 Likes 1 Share |
| Re: Is ₦500k Still A Big Money In Nigeria? by FatherCHRISTMAS: 6:57pm On Feb 27, 2025 |
Sonnobax15:My power no reach 6 Likes 2 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by motymop: 7:14pm On Feb 27, 2025 |
Yeah, 500k is still a big money in Nigeria. Many Nigerians do not earn 500k per month. The fact is that inflation is affecting your money. Try to cut your coat according to your size. 32 Likes 3 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by werisetogether(m): 7:21pm On Feb 27, 2025 |
Kickkick:Na you talk am... 2 Likes 2 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Haynnie: 7:44pm On Feb 27, 2025 |
500k is not a substantial amount given the inflation and poor economy 18 Likes 1 Share |
| Re: Is ₦500k Still A Big Money In Nigeria? by CodeTemplar: 8:11pm On Feb 27, 2025 |
Haynnie:he should resign and look for N1.5m or N2.5m job. 37 Likes 4 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by calabaman(m): 9:01pm On Feb 27, 2025 |
If you are staying in Lagos or Abuja. No!!!! 14 Likes |
| Re: Is ₦500k Still A Big Money In Nigeria? by IyaTola: 9:48pm On Feb 27, 2025 |
CodeTemplar: 2 Likes 1 Share |
| Re: Is ₦500k Still A Big Money In Nigeria? by Esthered: 9:49pm On Feb 27, 2025 |
Dear OP, you didn't tell us your cost drivers 9 Likes |
| Re: Is ₦500k Still A Big Money In Nigeria? by Eagle360(m): 10:08pm On Feb 27, 2025 |
Using Petrol price as a guide, 500k is just 110k The amount of petrol that 110k can get you before Tinubu take over is what 500k will get you now. Inflation and float of naira have spoil our money. 1litre = N187 500k will get you 2673Litres in 2023 to buy 2673 litres in 2025 you must have N2.3m 1litre= N860 500k will get you 581Litres in 2025, whereas 108k will get you 581litres in 2023. Therefore 500k is not a big money 42 Likes 4 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Hemanwel(m): 10:09pm On Feb 27, 2025 |
In all honesty, the answer to this question is relative. It is a big money to those who have never handled such an amount before and a 'chicken change' to those who have handled much more. But, when you now put the current inflation and the purchasing power parity in the country into perspective, that 'dough' isn't a biggie 30 Likes 1 Share |
| Re: Is ₦500k Still A Big Money In Nigeria? by Debiralex: 10:09pm On Feb 27, 2025 |
Tinupuu has totally impoverished us 19 Likes 1 Share
|
| Re: Is ₦500k Still A Big Money In Nigeria? by Abbeyme: 10:09pm On Feb 27, 2025 |
That would depend on whom you ask! If you ask me, I'd say it's not a small amount of money! 7 Likes |
| Re: Is ₦500k Still A Big Money In Nigeria? by Melagros(m): 10:09pm On Feb 27, 2025 |
COMRADES are speechless, 500k? Yes it's; if you think I typed rubbish here, ask those who are earning 80k, how are they surviving 21 Likes 3 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by 96ACE: 10:10pm On Feb 27, 2025 |
Not really 2 Likes 1 Share
|
| Re: Is ₦500k Still A Big Money In Nigeria? by Ikonse(m): 10:10pm On Feb 27, 2025*. Modified: 11:17pm On Feb 28, 2025 |
Kickkick:Abeg just dash me 2k. Abeg,🙏 I need am. Though I know u won't. People are like that sha 7 Likes 2 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Creditalerts: 10:11pm On Feb 27, 2025 |
| Re: Is ₦500k Still A Big Money In Nigeria? by allanphash7(m): 10:11pm On Feb 27, 2025 |
Hmmmmmm When a room self contain is just 600k in a rural area? Gone are the days 5 Likes |
| Re: Is ₦500k Still A Big Money In Nigeria? by femi4: 10:12pm On Feb 27, 2025 |
Kickkick:For where...inflation is a curse 3 Likes |
| Re: Is ₦500k Still A Big Money In Nigeria? by mrjoeblinks: 10:12pm On Feb 27, 2025 |
Ehen? . E depending on the interval E dey use come |
| Re: Is ₦500k Still A Big Money In Nigeria? by hatchy: 10:13pm On Feb 27, 2025 |
Enter a low-cost supermarket with that money and you'll come out with few medium sized leather bags of provisions and body spray. A few years ago before the Vampires took over power, that amount of money will sustain a family of four very well with their upkeep. Since the first religious bigot took over, he began the dismemberment of the body called Nigeria. He skinned the country to a skeleton. The jihadist and nepotistic clueless fellow then handed over to a fake accountant and certificate forger. Another tribalistic bigoted and most clueless ruler Nigeria has ever had. This clueless fellow who doesn't even know how the wheel of government spins just made a singular comment that took the country 500 steps backwards. Today poverty, acute hunger and starvation is in every nook and crannies of the country staring on the faces of the citizens. 2027 seem like 20 decades. Hope we shall all live till then. Ebinpawa! 23 Likes 4 Shares |
| Re: Is ₦500k Still A Big Money In Nigeria? by Bullhari: 10:13pm On Feb 27, 2025 |
It's not a big money. It's also not a small money. It's relative, depending on your responsibilities. 2 Likes 4 Shares |
Corporate Nigeria, Staff Welfare And Big Money End Of Year Parties • What Investment Can I Start Up With 500k As I Just Lost My Job • Nigerian Lady Loses Job Offer Because She Has A Big Tummy (Photo) • 2 • 3 • 4
How Indian-owned Factories Are Using Nigerians As Modern-day Slaves – The Truth • A Friend Is About To Tender His Resignation Tonight Please Advise • How Do I Handle A Bossy Demoted Colleague