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₦550k Still Looks Small As A Salary - Career (3) - Nairaland

Nairaland ForumNairaland GeneralCareer₦550k Still Looks Small As A Salary (28468 Views)

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Re: ₦550k Still Looks Small As A Salary by Bintasukai: 3:01pm On Apr 19, 2025
I even earn more, yet at the end of the month I go dey find money like arm robber. And I'm even single. Looking to negotiate my salary to 2m in 3 months. Before anyone complains, I can do so because of the impact I have in my organization.
Re: ₦550k Still Looks Small As A Salary by Vision101(m):
brain54:
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!
Conversion is the latest 🤣 craze in Nigeria. Mention any amount then they will convert. There's an award for it. Next statement is "Nigeria is finished"
Re: ₦550k Still Looks Small As A Salary by cybriz82(m): 3:03pm On Apr 19, 2025
QuinQ:
Well, 550K is about $400
Very good but not great
Not great bahuh 🙄 make person go market go steal 10naira make em see Wetin go happen to am 😒
Re: ₦550k Still Looks Small As A Salary by borie4u(m): 3:03pm On Apr 19, 2025
GboyegaD:
Baba Olowo, how you dey?
Oga mi ur boy gentle oooo. Abeg send dollars
Re: ₦550k Still Looks Small As A Salary by Mariangeles(f): 3:06pm On Apr 19, 2025
MORIERA:
Some post on this platform ehh can make one suicidal. People that earn 45k monthly what should they do? This week has been so rough if you have any connect please I am ready

https://www.nairaland.com/8399620/lil
Don't be moved by everything you read o.
Some people can lie ehn!
Re: ₦550k Still Looks Small As A Salary by Niok: 3:09pm On Apr 19, 2025
Na helinues 18months salary u Dey use play like this o
Re: ₦550k Still Looks Small As A Salary by iswallker(m): 3:10pm On Apr 19, 2025
Difrent:
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
Whether house nor dey Ikeja Maryland ketu oshod gbagada ojuelegba yaba surulere etc..
Re: ₦550k Still Looks Small As A Salary by DeepSight(m): 3:11pm On Apr 19, 2025
brain54:
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!
Makes even less sense when you consider that even after conversion, cost of living is different in each place. The converted sum does not buy in those places what the naira sum buys in Nigeria or vice versa.
Re: ₦550k Still Looks Small As A Salary by egunna(m): 3:12pm On Apr 19, 2025
Mariangeles:
Don't be moved by everything you read o.
Some people can lie ehn!
you dey mind dem.ppl wey no get ambition for life go dey talk nonsense. How can I earn 500k in a month and still complain. I Kno the economy is bad, but I go use my sense. God only made apples, He didn't make apple wine. I earn way below that and am doing fine coz I live below my means. I have a wife and a son. I have my little savings too. Na una Kno wetin una dey find.
Re: ₦550k Still Looks Small As A Salary by DeOTR:
Difrent:
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
Don't mind them. All of them wants to be saying they live on the island. From Ogudu GRA or Gbagada estate, it's just few minutes to Ikoyi or Marina and also close to the major offices in the mainland. I don't know why any sensible person will want to be suffering themselves and live far away in Ajah.
Re: ₦550k Still Looks Small As A Salary by zionstaar75(m): 3:15pm On Apr 19, 2025
Cj4charles:
500k is no longer 500k three years ago.. that's the the level of damage Tinubu has done to this country
u are just dumb, even in UK £300 3 years ago is not the same now. Do you know any country with 0% inflation rate for 3 years?Nairaland is now full of people without common sense, that's why I only check here on weekends
Re: ₦550k Still Looks Small As A Salary by Miramonica: 3:20pm On Apr 19, 2025
Englishisamust:
Backend development
he worked hard to be a backend developer. Backend developers make dope money cos they are in high demand than front-end.

If you come be React or Flutter backend developer, you fit get remote job wey fit give you the least 50Million in a year.
Re: ₦550k Still Looks Small As A Salary by gassbee: 3:22pm On Apr 19, 2025
brain54:
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!
d thing sef dey surprise me
Re: ₦550k Still Looks Small As A Salary by NaijaCover(m): 3:22pm On Apr 19, 2025
Peanut Money
Re: ₦550k Still Looks Small As A Salary by magicminister: 3:23pm On Apr 19, 2025
Thats 6m per year. It is more than enough for a family sef
Re: ₦550k Still Looks Small As A Salary by KaLuCh: 3:23pm On Apr 19, 2025
femi4:
That's £275. Not really great
I no understand wey dey convert to pounds and dollars, is he spending pounds or dollars? What kind of thing is this
Re: ₦550k Still Looks Small As A Salary by zionstaar75(m): 3:23pm On Apr 19, 2025
Bintasukai:
I even earn more, yet at the end of the month I go dey find money like arm robber. And I'm even single. Looking to negotiate my salary to 2m in 3 months. Before anyone complains, I can do so because of the impact I have in my organization.
bloody liar!people just come here and type rubbish. I have 2 kids, I live in ilorin, kwara state and with 200k I get everything we need including cereals, we still buy like 50k meat and pepper though. Hungry people living on garri will just come here and be typing rubbish. I'm a landlord and don't pay rent so I know nothing about that.if you choose to club and womanize that's your cup of tea. A family can feed well on 250k
Re: ₦550k Still Looks Small As A Salary by Habbeyy(m): 3:28pm On Apr 19, 2025
QuinQ:
Well, because bag of Rice costs 100K, add ingredients, provisions, medications, transportation, fees, NEPA, rent. LAWMA, DSTV, etc
so rice and those commodities you listed are sold in dollars in your village
Re: ₦550k Still Looks Small As A Salary by nedekid: 3:30pm On Apr 19, 2025
TheStranger:
People survive on 70k
I wonder how.
With my expenses, that will barely last 2 days.
Re: ₦550k Still Looks Small As A Salary by PinkNature(m): 3:30pm On Apr 19, 2025
crossbreedwears:
Are we in the UK? 550k is big in nigeria oga
Not big per se. It's an ok" salary
Re: ₦550k Still Looks Small As A Salary by Miramonica: 3:31pm On Apr 19, 2025
francis5051:
and I they here d find 200k job
that's why they said al fingers are not equal. But God the creator of the whole universe will bear me witness that I can never be the smallest finger.
Re: ₦550k Still Looks Small As A Salary by uniquelyspecial(m): 3:34pm On Apr 19, 2025
NwaliE01:
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.
Chai!
Nwali, no do this thing to yourself abeg.
Re: ₦550k Still Looks Small As A Salary by PinkNature(m): 3:35pm On Apr 19, 2025
A good salary starts from 1.5m+
Every other thing is management. Which is eventually gonna lead to poverty.
Re: ₦550k Still Looks Small As A Salary by ChybuzzDD(m):
femi4:
That's £275. Not really great
Why are you guys converting the money to foreign currencies?

The #550k will be spent in Nigeria
Re: ₦550k Still Looks Small As A Salary by Dhoneymix: 3:44pm On Apr 19, 2025
QuinQ:
Well, 550K is about $400
Very good but not great
E no reach $400 Dollars. Just manageable in Nigeria of today
Re: ₦550k Still Looks Small As A Salary by mightyhaze: 3:45pm On Apr 19, 2025
Will still take him like 6 years of saving his entire salary to be able to afford a 16 yr old tokunbo vehicle..


Very bad
Re: ₦550k Still Looks Small As A Salary by semid4lyfe(m): 3:46pm On Apr 19, 2025
daveP:
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.
A professor at bar in a public university in Nigeria earns about that figure.

Majority of combined household incomes in the country is not even up to that yet parents still provide food, shelter, clothing, educate their kids, pay bills and cater for transportation and other household expenses.

The value of money is in the hands of the beholder.
Re: ₦550k Still Looks Small As A Salary by mightyhaze: 3:47pm On Apr 19, 2025
Habbeyy:
why did you convert it to dollar?
following that Agbadorian govt official footstep that said 1 dollar can buy u heaven and earth in nigeria
Re: ₦550k Still Looks Small As A Salary by Nnamdipapa(m): 3:47pm On Apr 19, 2025
Let him resign.
Re: ₦550k Still Looks Small As A Salary by QuinQ: 3:48pm On Apr 19, 2025
Habbeyy:
so rice and those commodities you listed are sold in dollars in your village
Believe it or not, there are people in this forum who don't live in my village
Re: ₦550k Still Looks Small As A Salary by ChybuzzDD(m): 3:49pm On Apr 19, 2025
borie4u:
Money that I will make one Sunday 13hrs is even more than this. Let me say one Saturday with NHS for 12 hrs is equals that pay
You guys should stop this stupid comparison!
How can you be comparing the pounds you are paid in the UK to the naira someone is getting in Nigeria?
Are you spending in naira there? How about your expenses that are also in pounds?
Re: ₦550k Still Looks Small As A Salary by Standalone09: 3:49pm On Apr 19, 2025
mightyhaze:
Will still take him like 6 years of saving his entire salary to be able to afford a 16 yr old tokunbo vehicle..


Very bad
This is wrong calculation.

It should be a year and not 6 yrs

550k x 12 equal 6.6m and that should buy a clean car
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