₦airaland Forum

WhiteIverson:
You say it's cheap but what is the purchasing power of majority of the citizens?

Let's compare

In Nigeria, the minimum wage is 70,000. If you were to spend your minimum wage only on 500 naira bananas, you would only be able to buy 140 pieces.

In Canada the minimum wage is $16.95. Multiply that by 40 hours weekly and also multiply by 4 weeks. You earn $2,712 dollars monthly. If you were to spend your monthly salary only on bananas at $4 dollars each, you'd be able to purchase 678 pieces.

When you want to compare prices of different countries, there are a lot of factors to consider. How do you expect the prices of bananas to be in cheaper in Canada than Nigeria?

Thanks my brother.
This your analysis makes much sense. Brings this discussion to ground level.
You must have a high IQ.

A person making that hourly pay in Ontario for 40 hours a week will take home more than $1,000 in 2 weeks.

LegacyB:
Just wanted to say your maths is wrong,you will hardly get $2000 on this hourly income after deductions. And you don’t want to know what that means……

You be mumu shebi your income in Canada and Nigeria na the same ekpa

Nnamdipapa:
Here is a bunch of banana I bought for N500, this would go for nothing less than $4 in Canada, please note these are organic bananas we are talking about not the extra-sweet, GMO tampered bananas in the west and I got this in Lagos meaning folks living in the suburbs might even be buying cheaper.

I also buy I big avocado for N400, do the maths and convert to $. When next you complain about Nigeria, remember we have cheap and easily accessible fruits and vegetables.

Wow! Now let's delve in a bit.
In Canada the lowest minimum wage is 15cad per hour. Average working hours pers day in nigeria is 8 hours. So a person who works for 8 hours for the 22 working days in a months makes 15 *8*22 = 2640cad monthly. While his nigerian counterpart makes 70k monthly. 1cad is ₦1000 today. So the Canadian worker makes ₦2, 640,000 monthly.

So how many banana of this size can the Canadian guy buy 2,640,000÷ ₦4000= 660 bananas a month.

Nigerian guy ₦70, 000 ÷ 500 = 140 bananas.

For nigerian guy with 70k minimum wage to buy as many bananas as the Canadian guy can buy with his own minimum wage banana needs to be sold at ₦106.
This simply means that the so called 4cad in Canadian economy is equal to ₦106 in current nigerian economy. ( using your banana price index)

So what exactly is the fuse about. The Canadian banana is cheaper given their economy. While that of ₦500 in nigeira is expensive given our economy.

Nnamdipapa:
Yes, you make a good points but, with all the above, more people are still miserable over there than in Nigeria.
You do realize Nigeria is still a developing country and, we still have a long way to go but despite all that, we have it good here in Nigeria.

On band A, I have lights for about 22 hours in a day and when the light is off, the kids go to play table tennis or basketball in the compound, don’t forget we have good weather all year round in Nigeria. This week there was a mass shooting in BC Canada leading to death of 10 students. This goes to show nowhere is perfect or totally without one form of problem or the other.8

as if I no Dey band A. See careless capping.

Nnamdipapa:
I relocated in August last year, I and my family are enjoying Nigeria and the biggest regrets is not relocating like four years ago. It has been a positive experience here in Lagos so far.

After you don gather money and probably open business Abi.

Nnamdipapa:
I have Enugu on my mind end of this year. I see a 7 bedroom duplex at a ridiculous cheap price
In Nigeria, you have freedom to live anywhere you want my friend.
Also, Lagos is still a part of Nigeria so my point about Nigeria is still valid.

someone who was out of the country earning in dollars, comes back to Nigeria and claims 7bed duplex is cheap in Enugu, why won’t it be considered cheap by someone who wasn’t earning naira.

..

masui:
Omoh, this one na below the belt.

If ma me be OP, I go just enter hole remain there till eternity

This comparison is bereft of common sense. Of course a poverty-stricken country like Nigeria cannot price its commodities like the west would. How much is your minimum wage and ask yourself if a minimum wage earner in Lagos can afford a healthy Banana.

And this banana should go for at least 1500 in Lagos urban.

Again , you've been overseas, came back to Nigeria and now using your earning power to make the distorted claim that prices are cheap.

Bahamas95:
I don't want you to de-market or bad-mouth Nigeria, that's non of my business.

The question I wanna ask you is...... Can you compare the living conditions of an average Nigerian to that of an average person in Canada?”

444

But remember that there is no free money in Canada, no esusu, no dash and if you no work hard you no go eat that good of the land ...... hpw many homeless, how many hungry folks, just managing life ....

Bro na the same hustle ...... if you hustle well for Naija, you chop big!!

forget baout politicians or rhetorics here

Nnamdipapa:
Here is a bunch of banana I bought for N500, this would go for nothing less than $4 in Canada, please note these are organic bananas we are talking about not the extra-sweet, GMO tampered bananas in the west and I got this in Lagos meaning folks living in the suburbs might even be buying cheaper.

I also buy I big avocado for N400, do the maths and convert to $. When next you complain about Nigeria, remember we have cheap and easily accessible fruits and vegetables.

What do you mean by organic banana? Something that they ripened with carbide. Dey play!

MONEY247:
but in Canada there is constant power supply

in Canada, more people live above the poverty line

in Canada human life comes first
in Canada there are better roads

and so many more....

At least you get your value for money in Canada..

Pele , same amount they pay in canada for electricity una no go gree pay the same , same percentage income tax they pay una no go wan pay here... Make una dey decieve una selves

Nnamdipapa:
I see average Nigerians clubbing and having fun every Friday night, come to my area and see people having fun that average Canadians never have.

Remember, the average Canadian havelike 5months in a year with extreme cold weather with people staying mostly indoors with uber boring lives.

Oga, you cannot defend this thing you are saying o! If you truly believe the average nigerian is enjoying them you are completely cut off from reality. Keep enjoying in your bubble.

There are still organic foods and fruits on Canada, just choose.

Nnamdipapa:
Here is a bunch of banana I bought for N500, this would go for nothing less than $4 in Canada, please note these are organic bananas we are talking about not the extra-sweet, GMO tampered bananas in the west and I got this in Lagos meaning folks living in the suburbs might even be buying cheaper.

I also buy I big avocado for N400, do the maths and convert to $. When next you complain about Nigeria, remember we have cheap and easily accessible fruits and vegetables.

advanceDNA:
Ogaaaa….. relocate go nigeria go dey enjoy the cheap banana….

Gbam! U said it all already

folake4u:
@ the bolded. You're spot on.

How many Nigerians can buy banana to eat. Some Nigerians even see fruits as luxury. Lol.

No mind am. Anytime he comes home and eats abacha, eggs or banana, next thing na to tell us things are cheap in Nigeria.

Nnamdipapa:
Here is a bunch of banana I bought for N500, this would go for nothing less than $4 in Canada, please note these are organic bananas we are talking about not the extra-sweet, GMO tampered bananas in the west and I got this in Lagos meaning folks living in the suburbs might even be buying cheaper.

I also buy I big avocado for N400, do the maths and convert to $. When next you complain about Nigeria, remember we have cheap and easily accessible fruits and vegetables.

Totally wrong way to look at it.

Compare the buying power of both currencies using median national income in their domain.

I believe the median monthly income in Nigeria is ~N300,000. Your N400 banana is 0.133% of your monthly income

The median monthly income in Canada is ~$5,834. The $4 banana is 0.07% of the monthly income


So it's actually cheaper in Canada.

advanceDNA:
U just think food is cheap because u relocated to nigeria with higher purchasing power than most Nigerians…and may probably still get your benefits or pensions

There is a large number of pple that the 500naira banana u posted is a luxury they can only afford once in a while…..average nigerian salary nor pass 50-80k ooo

cars probably looks cheap to you too … but the average nigeria cant save up to get a 18 year old camry anymore that used to sell for 1.9M but is now 10M…

Ut Its fine that your pov is different shaaa

Oga rest joor

advanceDNA:
U just think food is cheap because u relocated to nigeria with higher purchasing power than most Nigerians…and may probably still get your benefits or pensions

There is a large number of pple that the 500naira banana u posted is a luxury they can only afford once in a while…..average nigerian salary nor pass 50-80k ooo

cars probably looks cheap to you too … but the average nigeria cant save up to get a 18 year old camry anymore that used to sell for 1.9M but is now 10M…

Ut Its fine that your pov is different shaaa

Oga when it was 1.9m people wey still no buy no buy, some no build house then but don build now and still building, oga rest abeg

lanresz:
A person making that hourly pay in Ontario for 40 hours a week will take home more than $1,000 in 2 weeks.

I hope you’re here in Canada typing this? 16.99CAD won’t fetch you that. Do you calculations again first remove 30mins for break, then Tax, EI and CPP.

Nnamdipapa:
I relocated in August last year, I and my family are enjoying Nigeria and the biggest regrets is not relocating like four years ago. It has been a positive experience here in Lagos so far.

Congratulation to you if u are really telling the truth that u and your family now lives here. You like mago mago and invading of tax, and I am suspecting u to have gotten some favor from this government

Nnamdipapa:
I have Enugu on my mind end of this year. I see a 7 bedroom duplex at a ridiculous cheap price
In Nigeria, you have freedom to live anywhere you want my friend.
Also, Lagos is still a part of Nigeria so my point about Nigeria is still valid.

APC online propagandist. Shame!

gammarays:
I don't know if I'm to call you crazy or what. You compared using the exchange rate of dollar to naira
You see how your currency has lost value for you to buy that size of banana for #500

That size of banana is $4 in US and won't exceed #50 of any currency with value.

You buy just banana with #500 of your money while someone with #500 Yuan will buy stuffs of greater value and quantity not to talk of #500 USD

It doesn't work this way , you can't just equate 500 usd to 500 naira. The minimum wagein US is about 2000usd monthly, is the minimum wage in Nigeria, 2000 naira? There is a higher chance the US minimum wage guy will sleep on the streets homeless than the Nigerian minimum wage counterpart. When i see statements like yours i know you most likely have never left the shores of Nigeria. Many are arguing with someone who left Nigeria at some point and lived in the western world to come back. I recommend leaving Nigeria for "greener pastures"on the right visa to an average struggling youth, but understand and manage your expectation so you don't feel disappointed and get confused when you arrive the supposed Eldorado.

Nnamdipapa:
I got these books for 16, 200 Naira today in Lagos, you couldn't get one of these books for less than $15 on Amazon or bookshops in Canada.

Pirated books, or low quality printing 😎

Nnamdipapa:
Here is a bunch of banana I bought for N500, this would go for nothing less than $4 in Canada, please note these are organic bananas we are talking about not the extra-sweet, GMO tampered bananas in the west and I got this in Lagos meaning folks living in the suburbs might even be buying cheaper.

I also buy I big avocado for N400, do the maths and convert to $. When next you complain about Nigeria, remember we have cheap and easily accessible fruits and vegetables.

These are cheap to you because you are using your Canadian purchasing power to buy in Nigeria. The question is: can you use your Nigerian purchasing phone to buy in Canada? The answer is "No". Therefore, a N500 banana is not the same thing as a $4 banana in Canada. Secondly, if you consider the minimum wage of these countries in question, you will see that Nigeria is no where near Canada's. So there is no basis for these comparison 😎

Nnamdipapa:
Yes, you make a good points but, with all the above, more people are still miserable over there than in Nigeria.
You do realize Nigeria is still a developing country and, we still have a long way to go but despite all that, we have it good here in Nigeria.

On band A, I have lights for about 22 hours in a day and when the light is off, the kids go to play table tennis or basketball in the compound, don’t forget we have good weather all year round in Nigeria. This week there was a mass shooting in BC Canada leading to death of 10 students. This goes to show nowhere is perfect or totally without one form of problem or the other.8

Which one is band A? Is it suppose to be so? The weather is too hot and u are enjoying it because you have AC compare to those that don’t have. Can you now compare how much u save from the same work u do over there with doing it here and getting paid in naira. I am sure u got your comfort money from that Canada and came to Nigeria to enjoy it. Don’t Sha suffer those kids and make sure u use that your savings wisely bcs the millionaire before tinubu government is no more a millionaire since the money lost it value

advanceDNA:
U suppose relocate go east or north oooo… banana and other food cheap for there pass lagos ooo

Lol

Fearyourcreator:
Oga when it was 1.9m people wey still no buy no buy, some no build house then but don build now and still building, oga rest abeg

Wetin dey pain u gan gan ??

Those books you bought are all pirated copies which you'll never see in Canada, that plantain is not up to 10 Canadian dollars because it's unripe and will not be stocked.

For someone working in Ontario, the person will still go home with more than $1,000. I am in Canada typing it. That's why I specify Ontario. Actually, the only province where they may not take up to $1,000 home biweekly is Quebec. That's after accounting for 30 mins break, both federal and provincial taxes, EI and CPP. CRA has a website where you can calculate this.

LegacyB:
I hope you’re here in Canada typing this? 16.99CAD won’t fetch you that. Do you calculations again first remove 30mins for break, then Tax, EI and CPP.

Nnamdipapa:
I relocated in August last year, I and my family are enjoying Nigeria and the biggest regrets is not relocating like four years ago. It has been a positive experience here in Lagos so far.

Abeg, stay in 9ja till you die ooo. Else, e no go well for you