₦airaland Forum

Be honest, Nigerians: If someone offered you 500k cash in Nigeria vs £2,000 in London
— pick one! No going back. You must survive with it for the next one 20 years. What’s your choice and why?

500k naira. Petty traders can manage it somehow

ComradeKunle:
500k naira. Petty traders can manage it somehow

What do u mean by petty traders will mange it some how

fullclub:
Be honest, Nigerians: If someone offered you 500k cash in Nigeria vs £2,000 in London
— pick one! No going back. You must survive with it for the next one 20 years. What’s your choice and why?

Haaa

fullclub:
What do u mean by petty traders will mange it some how

The women selling vegetables by the road side or at the market will see it as a big money and an opportunity to expand their business. A vulcanizer apprentice can use the money to buy machine and tools which he will use to start his own after learning work.

fullclub:
Be honest, Nigerians: If someone offered you 500k cash in Nigeria vs £2,000 in London
— pick one! No going back. You must survive with it for the next one 20 years. What’s your choice and why?

The 2k in London, is it before tax or after tax? Be more specific

£2000 in London is like a drop in the ocean.
Lets make a breakdown of expenses.

Let say you are considering a shared room of maybe £600 monthly, utility bill of £100 per month. Expenses of let say grocery of £200 with £100 for transportation monthly.

That is a total of £1100 a month.


Back to Nigeria, 500k naira depends on the region and area. 500k in northern state like Zamfara or Sokoto will last you a year.

Omofaye99:
£2000 in London is like a drop in the ocean.
Lets make a breakdown of expenses.

Let say you are considering a share room of maybe £600 monthly utility bill of £100 per month. Expenses of let say grocery of £200 with £100 for transportation monthly.

That is a total of £1100 a month.


Back to Nigeria, 500k naira depends on the region and area. 500k in northern state like Zamfara or Sokoto will last you a year.

Pls can you equally give us breakdown on how 500k is going to last a year in Zamfara or Sokoto

500k. Loneliness and being regarded less than a cat or a dog based on skin color is a very steep price to pay!

ComradeKunle:
The women selling vegetables by the road side or at the market will see it as a big money and an opportunity to expand their business. A vulcanizer apprentice can use the money to buy machine and tools which he will use to start his own after learning work.

Meaning 500k monthly is for low income people?

Henix:
The 2k in London, is it before tax or after tax? Be more specific

Not take home. Before HMRC takes their cut

fullclub:
Be honest, Nigerians: If someone offered you 500k cash in Nigeria vs £2,000 in London
— pick one! No going back. You must survive with it for the next one 20 years. What’s your choice and why?

My brother add 40years to it in Uk...in my wildest imagination I can't choose naija because there's no hope and trust

fullclub:
Not take home. Before HMRC takes their cut

500k can't give u a quality life in today's Nigeria, even if u are living in Northern state.

House rent, school fees for private school because of the uselessness of public school, feeding, fueling ur generator for few hours power supply at night, etc. Let's pray that U don't encounter any serious health challenge that will take U to hospital.

Meanwhile, after all that, u will still be living in fear because of high insecurity in the country.

I will choose 2k in London, for the sake of my sanity, access to quality health care, and the future of my kids.

Samajogs:
My brother add 40years to it in Uk...in my wildest imagination I can't choose naija because there's no hope and trust

Interesting but why even with 500k per month you mean no hope?

fullclub:
Be honest, Nigerians: If someone offered you 500k cash in Nigeria vs £2,000 in London
— pick one! No going back. You must survive with it for the next one 20 years. What’s your choice and why?

I will pick 500k in Nigeria , you can't survive with 2000£ in London do you know much you will pay for house rent alone, and we are not even considering tax here and utilities

Henix:
500k can't give u a quality life in today's Nigeria, even if u are living in Northern state.

House rent, school fees for private school because of the uselessness of public school, feeding, fueling ur generator for few hours power supply at night, etc. Let's pray that U don't encounter any serious health challenge that will take U to hospital.

Meanwhile, after all that, u will still be living in fear because of high insecurity in the country.

I will choose 2k in London, for the sake of my sanity, access to quality health care, and the future of my kids.

Okay let me share my plan on how I will spend my own 500k

For health issue , I will buy AXA Mansard health package for 60k per month even with in UK for you to see a specialist wating the wrong with you might have kill you....

Feeding is around 150k per month and saving 100k for house rent and Nepa in a rural area compare to paying 900£ per month for house rent and additional 300£ for utilities in London and waiting for appointment when you are sick which is not so in Nigeria ....

Let me just stop here

EmperorIsaac:
500k. Loneliness and being regarded less than a cat or a dog based on skin color is a very steep price to pay!

I feel lonely in Nigeria. Also, most people don't regard you as anything if you no get money. What else?

fullclub:
Interesting but why even with 500k per month you mean no hope?

Wow can 500k sustain a better life for you with no responsibility at this economy. Use the corper as a case study, rent, Uber, food, utility in a month.
You provide all the basin amenities for yourself without the govt present.. In abroad the government does that and the cash is just for your basin... Gosh think and have sense

Samajogs:
Wow can 500k sustain a better life for you with no responsibility at this economy. Use the corper as a case study, rent, Uber, food, utility in a month.
You provide all the basin amenities for yourself without the govt present.. In abroad the government does that and the cash is just for your basin... Gosh think and have sense

No in abroad you pay for these amenities... Water, light, car road tax, car insurance. Government don't provide it for you free
That said.

What about a breakdown like.
A quarter bag of rice 25k to 30k
Two paint of beans =20k
Gari one paint = 3k
Yam = 10k
Oil, magi, salt =10k
Transport to work = 30k in a month.
Data = 20k
Budget probably 200k max to cover this which include power


You get 300k..

House rent 400k per year. Or 34k per month.

You could still get savings of 250k

Why would you do a "let's pretend" btw elite salary in Nigeria and entry level salary in U.k. why not elite to elite or minimum wage to minimum wage?

fullclub:
No in abroad you pay for these amenities... Water, light, car road tax, car insurance. Government don't provide it for you free
That said.

What about a breakdown like.
A quarter bag of rice 25k to 30k
Two paint of beans =20k
Gari one paint = 3k
Yam = 10k
Oil, magi, salt =10k
Transport to work = 30k in a month.
Data = 20k
Budget probably 200k max to cover this which include power


You get 300k..

House rent 400k per year. Or 34k per month.

You could still get savings of 250k

Well... Easier said than done. Don't know how responsible you are

DOUBLEBARREL:
Why would you do a "let's pretend" btw elite salary in Nigeria and entry level salary in U.k. why not elite to elite or minimum wage to minimum wage?

Average monthly salary in the UK is 2460 which means 50% population of active workers earn 2460 before tax and only 25% earn above 2460 per month and 10% earn £5,645 per month.

It will interest you to know that about 25% of population earn 1471 pounds per month

ComradeKunle:
The women selling vegetables by the road side or at the market will see it as a big money and an opportunity to expand their business. A vulcanizer apprentice can use the money to buy machine and tools which he will use to start his own after learning work.

It's easier for them to be very candid. Call and auditor to evaluate their finances and know their worth... E go shock you. But as a salary earner, OYO be your own

Henix:
Pls can you equally give us breakdown on how 500k is going to last a year in Zamfara or Sokoto

In place like Zamfara where accommodation is cheap, you can get a good selfcon for 100k per year.

Groceries expenses of maybe 25k per month

Utility payment of light bill of 10k per year

Transport of 4k per month

Let calculate:

Accommodation: 100,000 Naira per year

Groceries: 25,000 Naira per month x12 months = 300,000 Naira per year

Utilities (light bill): 10,000 Naira per year

Transport: 4,000 Naira per month × 12 months
= 48,000 Naira per year

100,000+300,000+10,000+48,000=458,000 a year.

ThaThinka:
I feel lonely in Nigeria. Also, most people don't regard you as anything if you no get money. What else?

You won't understand.

fullclub:
No in abroad you pay for these amenities... Water, light, car road tax, car insurance. Government don't provide it for you free
That said.

What about a breakdown like.
A quarter bag of rice 25k to 30k
Two paint of beans =20k
Gari one paint = 3k
Yam = 10k
Oil, magi, salt =10k
Transport to work = 30k in a month.
Data = 20k
Budget probably 200k max to cover this which include power


You get 300k..
House rent 400k per year. Or 34k per month.
You could still get savings of 250k

Data 20k, for individuals who don’t work with data.

Some people on band A spend about 100k a month for power now.

ItisWell22:
Data 20k, for individuals who don’t work with data.

Some people on band A spend about 100k a month for power now.

100k is much. Light bill now competing with house rent

But How much do you spend? And will it be a good move to get to erea they graded as band B

Instead me to path with 100k monthly or 1.2m per year then i get solar battery. I had this set up then in Nigeria. Two batteries. 200 ah. Just get the two and four sola panels. A good battery will last for 4 years.

Samajogs:
Well... Easier said than done. Don't know how responsible you are

Please help and give a breakdown

Omofaye99:
£2000 in London is like a drop in the ocean.
Lets make a breakdown of expenses.

Let say you are considering a shared room of maybe £600 monthly, utility bill of £100 per month. Expenses of let say grocery of £200 with £100 for transportation monthly.

That is a total of £1100 a month.


Back to Nigeria, 500k naira depends on the region and area. 500k in northern state like Zamfara or Sokoto will last you a year.

The remaining is still bigger than your 500k in Nigeria and if you know what you are doing,will also grow fast and v some advanced education and integrate into good job opportunities and earn higher,become a citizen and become more important world acceptable person than a Nigerian passport holder.


Why even compare?

Quoting piggyvest ..the average statistic of those who earn 500k in Nigeria last year was 6% (according to respondents of their experiment's sample size) ... Except it's for personal measure of change in lifestyle after u migrate based on what u believe is obtainable when u get to u.k , barring that measuring 6% lifestyle (500k) to 40% lifestyle in the u.k (2k pounds) is not a good measure of ease of life in my opinion. U must feed the goose that lays the golden egg. In our case the goose need to go on a diet. Cos there's only sheet no meat , no egg.

Sorry its coming late.

fullclub:
Average monthly salary in the UK is 2460 which means 50% population of active workers earn 2460 before tax and only 25% earn above 2460 per month and 10% earn £5,645 per month.

It will interest you to know that about 25% of population earn 1471 pounds per month

2k in London please.

Me that like to order foods from different countries on ubereats, have neighbours from all part of the world, and dont like generator noise, or Naija sun that for all intent and purposes, is determined to roast me to death.

If no be my woman wey like comfort, I can live in a room and have my peace. There should just be light and internet. But since my woman like comfort, then that 2k will give me same lifestyle in places like rural Poland, or Russia.

Or Rwanda.

Omofaye99:
In place like Zamfara where accommodation is cheap, you can get a good selfcon for 100k per year.

Groceries expenses of maybe 25k per month

Utility payment of light bill of 10k per year

Transport of 4k per month

Let calculate:

Accommodation: 100,000 Naira per year

Groceries: 25,000 Naira per month x12 months = 300,000 Naira per year

Utilities (light bill): 10,000 Naira per year

Transport: 4,000 Naira per month × 12 months
= 48,000 Naira per year

100,000+300,000+10,000+48,000=458,000 a year.

Groceries of 25k for a month? Are you being serious right now?
Light bill 10k per year? I guess u are joking