₦airaland Forum

Benin
Minimum wage: 21903 naira
Petrol price; 352.36 naira

Niger
Minimum wage: 20,813 naira
Petrol price:377

Cameroon
Minimum wage:25,120.09 naira
Petrol price 439.58

Chad
Minimum wage: 41,552 naira
Petrol price: 361.43


Ghana
Minimum wage:26000 naira
Petrol price:325.93


Nigeria
Minimum wage:30000
Petrol price:161 naira.

minimum wage supposed be 60k petrol prize for be 50#

Fuel is expensive in those countries because they don't have crude oil and therefore no obligation to make fuel cheap.

But the price of other commodity is cheap in relative to their minimum wage. While N150 will buy 1cup o rice here, N150 will buy 2 cups of rice in those countries.

None is a major producing oil nation. why not compare Nigeria to Qatar or Kuwait

Shallowpenguin:
Qatar and Kuwait have very low populations, compared to Nigeria. It's like comparing a household where the income is 2 million monthly and the number of children is two, with one where the income is 1 million, and there are ten children, and four relatives

So, Qatar and Kuwait can afford to keep oil prices low. (at 132 naira) and pay higher minimum wage.

Chad, Cameroon, Niger and Benin also produce some crude oil

population should be an advantage meaning you don't really need a big buyer because you are sufficient to use majority of the crude oil produce and can also control the price globally. California just a state has 6 referineries even before oil was discovered in the USA imagine China with our kind of resources. Do you know the amount in dollar of gas we flare away. We are meant to refine and supply crude oil( Gas inclusive) to most of the country in West Africa and Central Africa through pipeline hence we should be a major influencer in the oil market.

balosunky:
None is a major producing oil nation. why not compare Nigeria to Qatar or Kuwait

Qatar and Kuwait have very low populations, compared to Nigeria. It's like comparing a household where the income is 2 million monthly and the number of children is two, with one where the income is 1 million, and there are ten children, and four relatives

So, Qatar and Kuwait can afford to keep oil prices low. (at 132 naira) and pay higher minimum wage.

Chad, Cameroon, Niger and Benin also produce some crude oil