₦airaland Forum

TenQ:
Toddlers!!
They never change!!

Have a good night rest

Nothing like toddler here. You couldnt comprehend what I wrote as straightforward as it is.

marlow1962:
Nigeria is a rich country with poor citizens. Know the difference.

Nigeria is not a rich country. It's just a country rich in natural resources.
Know the difference.

Hmmmm, very true, as a level 11 officer, my salary is less than N250,000.

Polchiz:
What population of Nigerians are Uber drivers?
Let even assume the Uber driver owns the car, do you know the cost of fuel?
I can assure you that 70% of the money Uber driver makes will be spent on fuel and spare parts.
Again, cars have lifespan and therefore amortised. The Uber driver have to keep part of his earnings for that because the car ought to be replaced after 4 years (Tokunbo) and 10 years (new brand car).

In the end the Uber driver will struggle to ultimately earn above ₦250k in a month.

I was joking. I don't even think they make 100k per day. Hold up eats their time too and gas is high

Brenbentondiaz:
The tweet is false. For instance, in the SE all of them are billionaires. That's about more than 30 million people. Since to be billionaires, all of them will be earning more than 250k per month. That's already more than 30% of the population of Nigeria. Not to talk about the many deveropers that are helping us deverop Ragos. So, the tweet is totally false.

U made them billionaire?

Polchiz:
Good!
Tell us the cost of living in Australia.

Well with the cost of living in Australia its getting out of control here. Most western people can't afford home anymore and average price of house is nearly 1 million dollars. And, yes wages have gone up slightly but not afford to keep up with the cost of living, taxes are way too high in Australia, and housing and rents have gone up.

For example, if you make 70k after that's about 59k after tax. Sure that seems like a lot of money to you, buts not in developed world. Here's my current living situation, I'm currently share housing with 5 different guys to save on rent alone.

Your average white men living in the west isn't rich like you think they are. The only difference is the Western Money dollar is stronger then the African money on average. That's why. You think they are rich. Your average white person is living pay check to pay check and will not have enough money saved for retirement. Majority of the population is put into aged care homes or centres for old people.

Nigeria as so much potential. You guys have been brainwashed to believe the west is the place to be. Sure in terms of making money it is but in terms of culture or people its not.

It's actually very lonely living in the Western world for me.

Source: I'm a white man myself oybio sorry if that's spelled wrong lol.

AI Overview


+1
In Nigeria, the largest percentage of the workforce is employed in the agricultural sector, followed by the services sector. Specifically, agriculture employs a significant portion of the population, often exceeding 30% of the total workforce.



Just because you live in a city doesn’t mean the entire country does.

cucumbar:
Una Dey think before Una write?

Or you don’t know the meaning of majority?

I know how P&L works
They make more than 10k. 10k is the baseline
Don’t forget P in this case also included the free food from your business, which a lot of people underrate but the majority of the average Nigerian spends significantly on feeding

Polchiz:
Is the 10k profit or total sales? The business man will not eat, pay for transport and levy, settle landlord e.t.c
Similarly, the farmer will not buy fertiliser, pay for labour and land, fumigation and post-harvest processes.
The money earned is the money left (profit) after all expenses and tax.

I said this some months ago that I'm yet to see an indeginous company in Nigeria that pays their staff up to 1m, and I received a trailer load of mentions. Suddenly everybody knew tonns of people who earn more than a million.

Even during my 9am - 5pm days it would take you about a decade's worth of experience before your basic salary crosses the 500k benchmark, let alone 1m.That's just the sad reality.

If everyone is earning that much, why do people complain each day about hardship?

If you apply for a job in Lagos today. The highest rate any company can start with you is 300k. Most would even tell you 150-200k. This is because they spend more trying to sustain their business. No thanks to our unstable economy.

If you carry out a random research on people between the ages of 25-35 on nairaland who do 9am to 5pm jobs, I can assure you that less than 10% of them earn above 500k.

A vast majority of people between the ages of 25-35 who earn a million and above every month are mostly freelancers who earn in dollars. It's almost impossible for an indigenous company to pay you such an amount. Most especially if their customer base are Nigerians as well.


Cc GloriousGbola, pocohantas, Karleb, folake4u...

Nazgul:
I said this some months ago that I'm yet to see an indeginous company in Nigeria that pays their staff up to 1m, and I received a trailer load of mentions. Suddenly everybody knew tonns of people who earn more than a million.

Even during my 9am - 5pm days it would take you about a decade's worth of experience before your basic salary crosses the 500k benchmark, let alone 1m.That's just the sad reality.

If everyone is earning that much, why do people complain each day about hardship?

If you apply for a job in Lagos today. The highest rate any company can start with you is 300k. Most would even tell you 150-200k. This is because they spend more trying to sustain their business. No thanks to our unstable economy.

If you carry out a random research on people between the ages of 25-35 on nairaland who do 9am to 5pm jobs, I can assure you that less than 10% of them earn above 500k.

A vast majority of people between the ages of 25-35 who earn a million and above every month are mostly freelancers who earn in dollars. It's almost impossible for an indigenous company to pay you such an amount. Most especially if their customer base are Nigerians as well. ..

This post doesn't dispute the arguments that day and if I remember right, people mentioned some company names that pay much at starting. A tiny percentage earn well, they are truly not the majority and no one will ever say they are. Two truths can coexist, Naz.

sparko1:
They worked to win the cup, the cup is money, winning it means more money for Nigeria, it's only normal for them to eat from it.

1milliion dollars is the cup money but the government doled out more than that

pocohantas:
This post doesn't dispute the arguments that day and if I remember right, people mentioned some company names that pay much at starting. A tiny percentage earn well, they are truly not the majory and no one will ever say they are. Two truths can coexist, Naz.

My argument was on indigenous companies. But sadly, people kept mentioning non indigenous companies and even the non indigenous companies they mentioned are few and extremely difficult to gain employment into.

My roommate in school got employed in chevron after NYSC. Chevron pays close to a million for a start. But I can't bring such into an argument cos less than 1% of Nigerian graduates who completed their NYSC that year would be fortunate to experience such.

If UN says 80% of Nigerians don't have access to clean water, you might easily counter such report and call it lies cos you have a borehole in your place and treat it regularly, but Nigeria has 36 states. How about those in other states, rural communities and all, do they gave access to clean water?

My submission is that any evidence that doesn't make up at least 40% of the topic at hand shouldn't be brought into an argument or even referred to as A Truth . If at least 40% of job seekers across Nigeria cannot easily gain employment in companies that pay above 500k for a start, it means these companies are technically non-existent. Cos what's the point of bringing the extremely few who do into an argument when the vast majority (including the people who mentioned them) don't have the privilege of working there.

Doesn't it surprise you that the world regards Nigeria as a poor country even though we can boast of the richest man in Africa being from Nigeria. The reason is because more than 80% of her populace are poor so the remaining % regardless of how rich they are - are irrelevant.

That's the point I'm trying to make.

Yankee101:
I know how P&L works
They make more than 10k. 10k is the baseline
Don’t forget P in this case also included the free food from your business, which a lot of people underrate but the majority of the average Nigerian spends significantly on feeding

My point is that majority of Nigerian traders cannot boast of 10k profit daily.
10k profit daily amounts to about ₦300k monthly and 3.6m annually. I am not saying the money is much but sincerely, many average traders in Nigeria don't earn that much.
And again, business is seasonal, you can make ₦15k today and then 5k the next day. Some days you may borrow money to feed.

Nazgul:
I said this some months ago that I'm yet to see an indeginous company in Nigeria that pays their staff up to 1m, and I received a trailer load of mentions. Suddenly everybody knew tonns of people who earn more than a million.

Even during my 9am - 5pm days it would take you about a decade's worth of experience before your basic salary crosses the 500k benchmark, let alone 1m.That's just the sad reality.

If everyone is earning that much, why do people complain each day about hardship?

If you apply for a job in Lagos today. The highest rate any company can start with you is 300k. Most would even tell you 150-200k. This is because they spend more trying to sustain their business. No thanks to our unstable economy.

If you carry out a random research on people between the ages of 25-35 on nairaland who do 9am to 5pm jobs, I can assure you that less than 10% of them earn above 500k.

A vast majority of people between the ages of 25-35 who earn a million and above every month are mostly freelancers who earn in dollars. It's almost impossible for an indigenous company to pay you such an amount. Most especially if their customer base are Nigerians as well.


Cc GloriousGbola, pocohantas, Karleb, folake4u...

It's okay to say you don't know.

When I was interning at GO54, a contract staff that was hired to help out the senior backend developer earned 300k.

The same engineering department had other members like the CTO, this senior backend guy and others.

Seplat pays USD2k to graduate trainees.

When I was doing access bank graduate trainee test, we were told the pay was close to 300k, I think 267k or something and they also give a car after a year or so.

How much do you those who have been climbing the career ladder would earn?

okpouman:
1milliion dollars is the cup money but the government doled out more than that

How many civil servants get paid million every month for 35 years without a direct contribution to the country, besides the actual money, the prestige is something else, let them have it, if they lose, everyone will blame them, they won let them enjoy it.

Softmirror:
In a minute, in an hour, in a day, in a week, in a month, in a year? Which one?!

I assume you mean monthly.

Because if it is based on unconventional jobs, brown collar jobs, business and enterprise Nigerians earn so much in a day which the cumulative at the end of the month is hug, far above #250,000. #250,000 a month is just #8,350 a day. Start with Okada riders sef .

In 2024 there was data published that said the percentage of Nigerians who had bank savings of more than N500,000 was 5%. An earlier study from 2021 put the figure at less than 1%.
So Okada riders and those in the informal business no dey save money for bank too ba? Keep playing.

mechanics:
Hmmmm, very true, as a level 11 officer, my salary is less than N250,000.

8% is almost 20, 000,000 people! The real number is like <0.8%

This statistics is a fat lie

Remember there is 30% unemployment rate+ underemployment rate in Nigeria.

I want to assume the 250,000 is pegged as monthly income. If so, my honest answer may quite depend on the knowledge of the earnings whether on Net income or gross income.

For net income, the percentage is faaaaar lower (I'd say less than 2%). This is because, after all deductions;
*transportation (for govt and private sector workers)
*cost of production and expenses (for traders and other jobs like commercial cars and motorcycles)

must have been made from the total income, very much less than 2% of people will have 250k in their pockets as profit at the end of the month.

But if it is gross income, haba! An average person would rake in 250k per month but at the end of the day, the profit might not be up to 80k.

How many civil servants and private sector workers earn up to 250k per month sef? Have you seen these people's salary scale?

Should we factor the unemployed too?

My take

e no reach 8%. Aswear

Okada riders have to pay for petrol and other maintenance costs. And when you include monthly or daily depreciation expense (the cost of the motorcycle itself has to be broken down into a monthly or daily expense), you would realize that they earn a lot less.

Softmirror:
In a minute, in an hour, in a day, in a week, in a month, in a year? Which one?!

I assume you mean monthly.

Because if it is based on unconventional jobs, brown collar jobs, business and enterprise Nigerians earn so much in a day which the cumulative at the end of the month is huge, far above #250,000. #250,000 a month is just #8,350 a day. Start with Okada riders sef.

79733139:
Okada riders have to pay for petrol and other maintenance costs. And when you include monthly or daily depreciation expense (the cost of the motorcycle itself has to be broken down into a monthly or daily expense), you would realize that they earn a lot less.

Oga as far back as 2010 Okada riders average #4,000, #5,000, #3,000 daily which is net and not gross. Net meaning after all the deductions you mentioned up there. Now in 2025 do your research an Okada rider nets an averages #12,000 to #15,000 take home.

Pelicansteve:
Nigeria is not a rich country. It's just a country rich in natural resources.
Know the difference.

Nigeria is rich is mineral resources
Nigeria is rich in agriculture
Nigeria is rich in man power resources

If you poses all these, so you consider yourself poor or rich?

TheAnimeEnjoyer:
Well with the cost of living in Australia its getting out of control here. Most western people can't afford home anymore and average price of house is nearly 1 million dollars. And, yes wages have gone up slightly but not afford to keep up with the cost of living, taxes are way too high in Australia, and housing and rents have gone up.

For example, if you make 70k after that's about 59k after tax. Sure that seems like a lot of money to you, buts not in developed world. Here's my current living situation, I'm currently share housing with 5 different guys to save on rent alone.

Your average white men living in the west isn't rich like you think they are. The only difference is the Western Money dollar is stronger then the African money on average. That's why. You think they are rich. Your average white person is living pay check to pay check and will not have enough money saved for retirement. Majority of the population is put into aged care homes or centres for old people.

Nigeria as so much potential. You guys have been brainwashed to believe the west is the place to be. Sure in terms of making money it is but in terms of culture or people its not.

It's actually very lonely living in the Western world for me.

Source: I'm a white man myself oybio sorry if that's spelled wrong lol.

Definition of a choice is not the nature of what something is; it’s the priority or value that one places over individual unique situations or something that’s defines choice.

Nigeria or anywhere else in the world has its unique nature and characteristics, where Nigeria may be filled with beautiful cultures and social experiences but miss on fair financial system ; UK for instance may offer no such freedom but may offer financial advantages.

Now, choosing ones preference depends on which of these offers does one prioritize the most or will one find the most attractive.

So, in your own case, many Nigerians choose a working system over culture while you ironically don’t prioritize such but prefer beautiful cultures and cannot afford to sacrifice it for anything else.

My conclusion is it’s the best to have a taste of everything. This is what means to live a fulfilled life. Having a taste of everything in life will offer you this fulfilling experience that you didn’t take decisions based on unfair circumstances but based on true and genuine reasons.

Boomyvig:
Definition of a choice is not the nature of what something is; it’s the priority or value that one places over individual unique situations or something that’s defines choice.

Nigeria or anywhere else in the world has its unique nature and characteristics, where Nigeria may be filled with beautiful cultures and social experiences but miss on fair financial system ; UK for instance may offer no such freedom but may offer financial advantages.

Now, choosing ones preference depends on which of these offers does one prioritize the most or will one find the most attractive.

So, in your own case, many Nigerians choose a working system over culture while you ironically don’t prioritize such but prefer beautiful cultures and cannot afford to sacrifice it for anything else.

My conclusion is it’s the best to have a taste of everything. This is what means to live a fulfilled life. Having a taste of everything in life will offer you this fulfilling experience that you didn’t take decisions based on unfair circumstances but based on true and genuine reasons.

To be fair. I would live in Nigeria if I owned property and lived off of rental income and passive income. So, I don't have to depend on the job market and local economy. Plus if you have 5 homes paid off it's pretty well off in Nigeria.

TheAnimeEnjoyer:
To be fair. I would live in Nigeria if I owned property and lived off of rental income and passive income. So, I don't have to depend on the job market and local economy. Plus if you have 5 homes paid off it's pretty well off in Nigeria.

Have you had the taste of both worlds ?

Before you conclude , ensure you have. For someone like myself, it will be a terrible disservice to me to decide that the West is the best place that supports my dream when I have no idea of what it means to live there.

Taking such decision based only on my partial experience about Nigeria will not help my chances at life in anyway.

VeeVeeMyLuv:
8% is almost 20, 000,000 people! The real number is like <0.8%

This statistics is a fat lie

Remember there is 30% unemployment rate+ underemployment rate in Nigeria.

It's well.