₦airaland Forum

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

Why should a civil servant in today's Nigeria be a family of 5?

richmond500:
Sure they can.
If you have a focus and a direction, u are in a better position than ur peers.

Anyhow talk

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

If he steals enough why not

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

Why Should a civil servant with a salary of 70k have 5 kids if not stupidity and ignorance!

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

Who dey pay labour 4k for this hard times. The minimum should be 5k per day depending on the nature of the job sha

I don't know if civil servants are allowed to do private business, but if they are allowed why not. It's not good having one income source.

Salary is now to pay bills! Government of the day is senseless and wicked! Your salary of the month can’t even pay your light bills for half a month..

Capital NO!!!

Obiedun:
You mates are outside making it you are on nairaland wasting your time analysing. Find something to do. People are building houses

You people always reason off point.

The people building is it with their salaries or with proceeds of pilfering in the office.?

I know police officers that are corporals and have lands and houses, but maybe you don't know that a civil servant or corporal in police cannot build any house with his salary if he isn't a thief.

Make Una dey reason like humans.

richmond500:
Sure they can.
If you have a focus and a direction, u are in a better position than ur peers.

u are joking.without corruption and stealing even a perm sec cannot build a house.

richmond500:
Sure they can.
If you have a focus and a direction, u are in a better position than ur peers.

how....explain?

richmond500:
Sure they can.
If you have a focus and a direction, u are in a better position than ur peers.

70k x 12 = 840,000
840,000 x 35 years of service = 29,400,000. How can they

Even at 300,000 per month. Maybe some income generating agencies with runs can

SouthSouth1914:
Salary is now to pay bills! Government of the day is senseless and wicked! Your salary of the month can’t even pay your light bills for half a month..

Electric bills is about to increase oo.

Dats where Federal Mortgage Bank of Nigeria (FMBN) comes in.
National Housing Fund (NHF) loan at 6%
Rent to Own (RTO) at 7%
Construction Loan
Home Renovation Loan (HRL)
Estate Development Loan (EDL).
www.fmbn.gov.ng

SpaceAngel:
I don't know if civil servants are allowed to do private business, but if they are allowed why not. It's not good having one income source.

Only Agriculture is permitted

Is a Permanent Secretary a Civil Servant?

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

Yes Na through loan
After that they will be deducting in your salary

wunaESQ:
Dats where Federal Mortgage Bank of Nigeria (FMBN) comes in.
National Housing Fund (NHF) loan at 6%
Rent to Own (RTO) at 7%
Construction Loan
Home Renovation Loan (HRL)
Estate Development Loan (EDL).
www.fmbn.gov.ng

Even mortgage cannot work. How will they repay it, from where.

Wakai777:
Yes Na through loan
After that they will be deducting in your salary

And at retirement nothing for them. As if they do not have other aspects of their life

Bluffly:
70k x 12 = 840,000
840,000 x 35 years of service = 29,400,000. How can they

Even at 300,000 per month. Maybe some income generating agencies with runs can

CBN, NDIC, FIRS, NNPC,Customs, EFCC.

These ones I know always do well for their staff.
NDIC for example can give loans to staff after number of years in service.
Loan amount depends on your grade level.

Abeg no be everything person go talk .

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

I am currently building and Mason daily pay is 10k,

Back to your question
Yes, if they can steal
No, if they cannot steal, 77k for a bachelor to me is equal to zero in this current economy.
I run my house with 200k a month with extra 50k (aside) for support from my salary for a family of 6, yet by 20th of every month, it seems things are getting finished.
People who see through the lenses of politics and ethnicity will not understand how bad things are, between 2023 and now i have had salary increase three times, yet staff are still complaining of high cost of living and transportation.
I remember when i got married in 2013 my salary was 20k, i give my wife 5k monthly to get things for the house, 12yrs down the line with 4 kids, i double my hustle.

Summary
As a civil servant, the only way you can survive now is to either steal or add side hustle to your salary.

bukatyne:
Why should a civil servant in today's Nigeria be a family of 5?

Man, wife +3kids =5 is not out of place.

It take grace of God o

Obiedun:
You mates are outside making it you are on nairaland wasting your time analysing. Find something to do. People are building houses

Thats his own job.

Bobloco:
A bag of cement is now ₦10,000.

One bundle of zinc is now ₦85,000.

2x2 wood is now ₦2,000.

2x4 wood is now ₦4,000.

Fascia board is now ₦5,000.

12mm rod is now ₦15,000.

A trip of sand is now ₦70,000.

Mason daily pay is now ₦8,000.

Labourer daily pay is now ₦4,000.


Economic Context:

Minimum wage is now ₦70,000.


Using the law of advancing hardship, calculate the probability of a civil servant with a family of 5 building his own house before he retires.

Take Tinubu/APC as constant, c.

# COPIED

A civil servant with a family of five already and earning the minimum wage of 70k is most likely not depending on that minimum wage irrespective of the inflation and it's ripples..

Bobloco:
Have an open mind. Don’t view every discourse through the lens of ethnicity, tribe, or an 'us versus them' mindset. The elections are long over now is the time for governance. We're already almost two years into this stage.

I’m not saying people aren’t building houses of course they are but I’m specifically talking about civil servants.

Useless post and useless analysis clearly lacking understanding of how the civil service work. Minimum wage mean the LEAST possible amount anyone with the LEAST QUALIFICATION AND LOWEST LEVEL can earn in the civil service.

What that means is that, under the 70k minimum wage, NOBODY with any form of certification (WAEC and above) earns below 100k. A fresh graduate jus entering the civil service under the 70k minimum wage should be earning nothing less than 150k monthly (I know it is small but it is something for a beginner especially when you are not in Lagos or Abuja).

A civil servant with a family of 5 probably should have been in service for up to 10 years or so and such a person (if he enters the service as a graduate) should be earning over 250k or so), plus, most civil servants have side hustle because of the flexibility of their working houses and they also have access to soft loans and cooperatives

Come to Edo State Secretariat at Sapele Road and see the posh cars state civil servants are driving, plus, many are either living in their personal houses or currently building. Some have multiple houses…..

joshuaidibia:
Why Should a civil servant with a salary of 70k have 5 kids if not stupidity and ignorance!

Family of five not 5 kids

Bluffly:
Even mortgage cannot work. How will they repay it, from where.

The repayment is spread for 30years or till retirement and alot of civil servants have gotten a home on this platform

Lordsonn:
This is serious. I'm not a civil servant and I have my house now. All thanks to God Almighty for supply

help me build my own pls na roofing stage dey

GanagiBitrus:
Man, wife +3kids =5 is not out of place.

For a civil servant?

You are referring to people earning minimum wage right?

Three kids?

That's two kids too much. Starting from Jonathan's Nigeria.

wunaESQ:
The repayment is spread for 30years or till retirement and alot of civil servants have gotten a home on this platform

When Things were better. How do you expect them to do repayment when total estimate for their service year of 35 years is about 30 million Naira. What is the cost of building a house now? Will they not live their life as well