₦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

myopic analyser 70.000 is for the lowest of the lowest civil servant .. civil servant are receiving upto almost 400k it depends on your great level, ministry an other considerations... Even a business man that just started his business is not earning 70k he will have to grow just like they senior civil servant too an there are even some old business men that can't even afford what to eat Talk more of to pay rent or to build a house .

Wow.
Dem go find the subordinates something?

hartson:
Some govt teachers employ subordinates who work under them while they go about their side hussle.

Kristokx:
oga abeg keep quiet u have the least of ideas on how civil servants are living /surviving i had to login into my account just so i can reply u first of no state civil servant earn up to 150k at entry which is level 8 unless they stay in lagos the only people who earn abit better are Federal civil servants /health workers because their salary structure is diffrent ,speaking from experience no civil servant can afford to build a house unless they somehow manage a government contract which means they cant be depending on salary

I am a state civil servant with 14+ years working experience. i have and live in my own building. i drive good cars and nope, i didn't get any government contract.

i have had good offers from GLO and some other cool companies and i turned them down. if i leave this job ( which will be soon), it is so that i can go into teaching/lecturing.

Civil Service job gives you TIME …. TIME…. any man that have time at his disposal and stil complain needs help and reorientation

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.

Why would a Mason and Labourer be collecting such ridiculous amount.

A Mason should receive at least N10,000 daily while a Labourer should receive at least N5000 daily.

In Highbrow Areas like Island and it Extensions, Some Professional Masons receives N15,000 daily while Labourers receives N8000 To N10,000 daily.

Back to the Topic

Where i reside, The cheapest One Plot Of Land in the neighborhood is N35 Million.

So you have your answer.

Bluffly:
Only Agriculture is permitted

Dey play , if civil servant does other job that doesn’t really affect his or her business apart from agriculture, government won’t be aware o.

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

No one is saying people are not building houses, but not from a salary below 500k monthly. Even 1m monthly is difficult to build.

inoki247:
Lol they've access to Loan or through Mortgage...

How much loan can you collect on a salary below 500k. Do the maths and see that it would take you over ten years to build.

smasher1:
No one is saying people are not building houses, but not from a salary below 500k monthly. Even 1m monthly is difficult to build.

Go out and find something to do. It's too early. Typing on nairaland cannot build you a house. Find something else to do.

smasher1:
How much loan can you collect on a salary below 500k. Do the maths and see that it would take you over ten years to build.

Lol you people talk down everything...


Do you know how many years it took my ordinary Commercial savings bank account to even qualify for 100k loan before they start upgrading it.. I no wan even go my business account....


Maybe the Govt should just sack everyone and be transparent and share the money they pay as salary and give it to SME then... Maybe that money you say is small you won't feel it and protest....

Love800:
Wow.
Dem go find the subordinates something?

yes na.They pay them agreed amount

yemmit90:
You don't talk with wisdom, 30k before 2015 could feed his family compare to now that he earn 70k. What if all his children were born before Buhari/Tinubu economic meltdown?

For instance around 1990s and early 2000s, there were civil servants with 7 children that are living fine. Some even send their children to private schools then.

I'll try my best not to be as silly as you are. Using insults to answer a simple question. You are clearly not a family man, cos na your type dey use calculations for everything. Even before 2014, I see no reason why a civil servant on minimum wage should be having 5 kids.

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

Let's say the fact, the answer is no, a civil servant in Nigeria can not built a home with the current salary.

Thanks so much.

hartson:
yes na.They pay them agreed amount

dealhunter:
We civil servant staff don't go to work everyday, unlike private jobs that you will be going to work Monday to Friday..so,we get plenty of time to do other stuff,like me,I only go to work twice in a week.the advantage of civil servant work is that you have enough time to do other stuff.there is job security,you get promotion every 3 yrs and ur retirement benefits is secure... building of house by the civil servant staffs is made possible through mortgage and other contributions within the system, come to my agency,level 8 officers is building house... lastly,if you are a civil servant,to
access loans through banks is possible...

My place of work refused to give me consent letter to access a loan in UBA. What do I do? UBA said “Introduction/consent letter is a must” but my place of work says they can’t give.

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https://www.nairaland.com/6333167/discuss-kobo-kobo-works

anzion:
My place of work refused to give me consent letter to access a loan in UBA. What do I do? UBA said “Introduction/consent letter is a must” but my place of work says they can’t give.

They probably want to avoid liability in the event that you default on the loan.

The only way you can circumvent having to present a letter of consent from your employer is if you offer the bank a good collateral

EndBuhariNow:
labourer daily pay 4000 abeg bring them to my site I will pay them 7000... I paid them 10k here and Manson dey work on counting... To build now , no more easy

Please which state?

Papamrs:
Please which state?

Anambra... I pays them 7k with abeg .. to move block from one point to another 40 naira per blocks, menson I pay them 15k per day job .