₦airaland Forum

I have this my friend. He is a single tech guy. Just got a job of 550k per month. The guy was like the money no freak he dey too small.. Omo I won first slap aam say make I tell am how many people that are collecting below that amount as salary.. I just dey envy the guy... I wish I can be like him.. . Omo tech guys dey make moneyooo!!!

Well, 550K is about $400
Very good but not great

Englishisamust:
I have this my friend. He is a single tech guy. Just got a job of 550k per month. The guy was like the money no freak he dey too small.. Omo I won first slap aam say make I tell am how many people that are collecting below that amount as salary.. I just dey envy the guy... I wish I can be like him.. . Omo tech guys dey make moneyooo!!!

What aspect of tech is he into?

Englishisamust:
I have this my friend. He is a single tech guy. Just got a job of 550k per month. The guy was like the money no freak he dey too small.. Omo I won first slap aam say make I tell am how many people that are collecting below that amount as salary.. I just dey envy the guy... I wish I can be like him.. . Omo tech guys dey make moneyooo!!!

That's £275. Not really great

Yes

Depends on your budget

If you live in Ajah, and working in Ikeja...1m sef will be like 200k

QuinQ:
Well, 550K is about $400
Very good but not great

Why is it not a great salary..

Rexymania:
Yes

Depends on your budget

If you live in Ajah, and work in Ikeja...1m sef will be like 200k

How i.dont believe this??

Fab21:
What aspect of tech is he into?

Backend development

Although Nigeria is in a bad shape, 550k is still great. More important is that we all have to live within our means. The value of money lies in how wisely you use it to meet your needs and achieve your goals. The figure is secondary.

E.g., a good pair of shoes (not necessarily a branded original) typically starts at around 70k in Idumota. But, you can still get a good quality, custom-made pair from a local shoemaker in your neighborhood for half the price. Again, the value of money lies in your hands.

Before you spend 20k eating out at one sitting as a single guy, think about paying a caterer to cook same food for you in your house. You will get more quantity (large enough to store), better taste, more value for your money, and better hygiene. Again, the value of money lies in your hands.

It's an okay salary for a single guy. Not great by any means.

RENOWNED2:
It's an okay salary for a single guy. Not great by any means.

For family man nko?

He has to keep updating his skill set ..if he does that himself, that won't get him anywhere but if the firm pays for it, then he should manage.

I am not saying it's a great salary...

It's fair.


But why do the guys above have to convert to dollar and pound like that's the currency spent in Nigeria!

justdream:
For family man nko?

Present day Nigeria if you want to have any savings as a married man, then say 800k

Na Helinues 18months salary u Dey use play like this o

Let's just say...550K is no longer what it used to be

It is small, too small but not bad for a start.
Rent would take 100 to 200k monthly
Same with transportation
Nothing significant left to eat and develop oneself

12/hr and 120/day. That's barely 3days wages in UK. He's right. It is small. But it looks big to any Nigerian graduate right now.

I can't work even N2m per month. To be sincere, it depends on your level of skills.

N2M per month to me is an insult, and I mean it.

U are a broke man.

When you have not attained certain degree of financial status some thousands of naira may look big to you.The fact remains new level of financial status attracts bigger responsibilities and changes your taste.For instance,if a man manages to live in a low income environment in a one-room apartment by the time he begins to earn more he changes location and probably moves in into two-bedroom apartment and changes clique of friends.Again there are some people who constantly look up to you for financial aid that may be too hard for you to turn down hence the crave for more money.

He is right.

How many homes in Nigeria earn up to 300k monthly ?

500k is no longer 500k three years ago.. that's the the level of damage This government has done to this country

To each his own. Most importantly, he should keep upgrading himself for better opportunities.

I know a guy wey dey collect over 3m a month yet e dey broke before month end. Whenever this guy dey complain I go just dey look myself for mirror dey shame.

N550k is basic for a tech guy. Unless he's at a junior level

If he's an experienced hired it's too small for backend Dev.

QuinQ:
Well, 550K is about $400
Very good but not great

why did you convert it to dollar?

People survive on 70k

Rexymania:
Yes

Depends on your budget

If you live in Ajah, and working in Ikeja...1m sef will be like 200k

But why will you live in Ajah and work in ikeja, na so una like suffer reach?
You are just working for your landlord and transporters