Emmanuel360:
Guys which bank can I get treasury bill. Gtbank says they're no longer selling tb

wonlasewonimi:
The way exceptionally rich people live in Nigeria is the way ordinary low income people live in the US.

Nigeriadondie:

U said even a fool knows that Nigeria is 100yrs backward a clear fact that Pidgin2 wud never admit all in d name of blind patroitism. By ur statement Pidgin2 is far more than a fool cos she continually deludes herself that Nigeria can match with these western nations in all respect.
U ve said what I am satisfied with. Thanks

ayodele234:
The west lacks communal living. Everybody is on the run and they never stop. 80% of the time they never get what they are chasing. They might look successful to the average person but when you come close to them you will be surprised to know a large chunk of them are on antidepressants drugs. 1 person commits suicide every 15 minutes in the United States.

TheEminentLaity:
Really? Mr High IQ. FYI Nigeria is an import based economy almost every meaningful thing you use are imported and you ask a silly question. Is 150k even good enough to live on in Nigeria where you pay for healthcare and basic amenities that you don't get including taxes.

Better read and learn than talk rubbish here. How many people even get 150k jobs? How many people get consistently paid through the year without being owed for months? Didn't the price of food increase by over a 100% since this government came in and you talk about purchasing power

TheEminentLaity:
I just knew you were a poor somebody. Shut up if you haven't lived anywhere else other than Nigeria. So having a driver and maids that you can freely owe is what you call a good life Are the maids not Nigerians that should have rights? How many Nigerians can get 150k jobs (That's even less than £400)

Fusion23:

This is a thread people took too personal, at the end of the day its a personal opinion, aside from that, there is not much to compare.

The key too your happiness is that you have made things work for you in Nigeria and you are contended.

its wrong to compare a low level worker abroad to a professional in Nigeria , thou in pay they might be equal.

But if someone is making 400K per month in Nigeria the question is how much are you really worth and how much can you make abroad?

If you are a Banker in Nigeria and you go abroad to be a Gateman , then the people from the village are involved.

But if you are a guru in software development earning 400K in Nigeria and with your skills u can work for an IT firm and earn 8K dollars monthly before tax , then may be you should consider it.

Lots of people in Nigeria doing great things and making a lot of money, same thing abroad lots of 25 year olds earning over 100k Dollars per year


But in summary based on logistics abi statistics Nigeria as less opportunities , infrastructure, quality of life than a developed country even the President runs to UK every time for medical check up

keni:


Maybe you dont understand comprehension, that you drive that car for 2 years without it giving you any problem has no correlation what soever with you or what you did to the car, you were just luck, you asked me what company will pay 400K to some one and not take care of medicals? you lack of exposure should didnt tell you some have already factored medical into that 400k which means it no longer upto that amount if you back the medicals out. You have asked again where I buy my car from, bros the profile of you am putting together based on this questions is gradually taking shape. Its a dangerous thing to create a cocoon yourself and live there all alone.

keni:


This level of ignorance is something else, if you have a Tokunbo car, I dont care the grade and you save 5K in month one, you cant beat your chest that an expense of 10k will not show up in month 2, that is assuming we are holging the exchange rate between the 2 months constant in our beloved Nigeria where dollar affects the price of gala and plantain chips in Traffic, if not then all that your calculation may never balance for a whole year

keni:


This level of ignorance is something else, if you have a Tokunbo car, I dont care the grade and you save 5K in month one, you cant beat your chest that an expense of 10k will not show up in month 2, that is assuming we are holging the exchange rate between the 2 months constant in our beloved Nigeria where dollar affects the price of gala and plantain chips in Traffic, if not then all that your calculation may never balance for a whole year

Eruditor:


I won't bother with the rest. You are typing ideas not facts. Based on the above, you don't give anyone anything. Don't purchase gifts. Don't buy Asoebi. No family member asks you for favor. You don't buy clothes. Nothing you have needs fixing. LOL.

The one that brought me here is the 400k to 3k dollars. Hahahahaha. People who earn $1k a month live better than People who earn 500k in Nigeria.

You are asking for breakdown yet people stay in 3-bedroom apartments in Oshodi for 500k a year and they had to pay 200k as agency fee. You need to see the ramshackle that is going for 500k in Nigeria. In Lekki phase 1, people rent out their boy's quarters (studio flat more like) for 1M naira. Just look for a $400 per month apartment in Missouri and see what will turn up.

Remember the 1M per year rent BQ is for a so-called big boy in Nigeria and yet he cannot build houses and rent out things to tenants. But on NL, people are starting empires with 100k. LOL

keni:


At the bold its clear you are not that exposed to many compnaies ( no pun intended)

I am not talking about spending 20K on car per month, I asked specific question as regards your claim that car maintanance expenses can be reduced.

keni:


No school fees? how about unplanned medical?

Biko bros, am still here in Naija i need info as regards the bold

ApexTitan:


Why won't it be a great investment when typical expenses like rent, petrol for cars and gens, car maintenance, PHCN, feeding, security, vigilante dues DSTV, phone and internet bills, family welfare and all the other myriad of things that depend on a salary in Nigeria are non-existent, right?

ApexTitan:


Please leave the Almighty out of this and defend yourself.

I must commend you, you have consistently laced this debate with unheard of and ludicrous claims so much so that I begin to wonder if you received training for this.

From telling people that one can easily become a millionaire overnight in Nigeria to suggesting that our education system is on par with Western education _{(pg 2 of this thread)}, not to mention the "fantastic" investment opportunities that are available with N400K, you are now adding this Ibadan story to the mix.

Wonderful.

Na you biko

ApexTitan:



How did everybody miss this?

I didn't know Tales by Moonlight has been rebooted

OK, seriously. Tell us the states in Nigeria where a man earning N100K can build a decent (by that I mean at least a 2 or 3 bedroom bungalow w/ 2 bathrooms) house in 2017. Show us where such things are possible please I'm sure many readers on here would want to know how to build houses on a 100K salary and still cover regular living costs.

Eruditor:


I have nothing against you. Making plans in 2011 is not the same as making one in 2017. Please think hard.

I know about Tbills and fixed deposits and without being nitpicky, they are more responsible for your N24M in 5 years than your pure savings (which is what I challenged).

If you are legit, congrats to you. You are an anomaly and should show some restraint in advising someone to tread your path. On average, it is better to recommend the path of surest success than the highest risk highest reward path.

Come on, if Wizkid tells people to quit school and chase music like he did and then refer to his huge success as the reason for it will you support him?

There are more "comfy" school-goers than musicians who made it big like Wiz.

Eruditor:


How is 400k 5 years ago the same as 400k today? Do you realize that 400k in 2011 was equivalent to $2600 while it is $1000 today?

Any plot of land you acquired for N14M today would have been like N2M or 3M five years ago (If I am not being overly generous).

Then you spent 5M building a property on land you paid 14M for?

Mehn, I don't want to look like I have a personal axe to grind with you but your calculations just appear too mechanical. You mean you waited till the end of each year to get your 3.6M and then had enough time to add it to the cumulative of previous years just in time to procure Tbills with it etc. And still count it within that same year?

You try.

Eruditor:


Your own case is severe because you are a troll. Someone told me they built houses with 400k and I should swallow the prevarication hook, line and sinker? So if someone comes to you now and says they purchased a second hand Bugatti for N1M you won't doubt it?

Pray, tell me when your parents built houses with less than 400k? 1970s or 80s? Which means they were amongst the richest Nigerians of their day or don't you know that that is the implication of your statement?

Do you realize that as far back as 1999-2005 Nigerian budget for roads used to be in millions of naira but today every single project is in billions. Do you think?

Pidgin2:


Why are you so pained, you sound like an illegal immigrant, full of regret. Does everyone reason like you? Someone is telling you that with N400K he built houses, with less than that both my parents own lands and houses (which brings income today) so what are you talking about.

With N300K per month God knows that I would be a house owner in 2 to 3 years (all things being equal) You don't know that some people are skilled at maximizing what they have? okay stay there and keep arguing with people who know the system more than you

youngestland:


I laugh hard this guy still dont understand

how can you be comparing two of the highest paying jobs to my job
bros I know my level and I respect my self if I was a doctor in nigeria and I have that opportunity to move I will quickly move even if my salary is 800k in nigeria or if I am a science student I would have moved atleast with that I can look for one way to switch to one of the STEM courses in usa
imagine if I moved then do you know how many schools I will go to and years I will use to get this your high paying job

bros I am not a big boy atall I still find it hard to pay some bills, my inverter battaries don down I am loking for 200k to replace them its weighing me down is that what you call a big boy

if people with my course goes to usa they will need serious luck( I am an atheist I would have said god ) to be able to earn such high salary
bros lets stop story how many nigerians that left for usa 9 years ago and can say hes worth 100k dollars very very very few this means I am lucky and I made the right choice my own opinion and im happy thats the koko

Do you know the owners of the houses in lekki phase1 ikoyi vi etc 90% made their money in nigeria

and bros pls stop abusing we are debating not fighting it shows how pained you are that some people love the country you hate and theres no way my income will be 800k by 2021

Eruditor:


You are just bloviating. A medical doctor in the US bought 2 plots of land in Royal Garden Estate in Ajah for 40M a plot in 2013. Today that same plot goes for 55M up. He is one of 4 Medical doctors I know from the US who purchased property from that same estate. How many Nigerian Doctors can afford it?

A friend of mine went to Uni of California Davies for her MBA. This was in 2012. By 2014 she was done and got a job with Amazon in the US. She lives in Silicon Valley and earns $120k+ a year. Last year she acquired a 4-bedroom condo close to Igbuefon (Lekki Phase 1 axis) for over 25M and she has rented it out. LOL. She is working on a property over in the US which she plans to rent out too and she would do this later in the year.

You have property? You earn 400k? LOL. Stop talking like a child. I can deluge this thread with stories of people I know over in US and Canada who came back and purchased properties that they have rented out and guess what? Most of them are borderline average in the US but seem to be giants in Nigeria because of the exchange rate.

Keep seeing life from one viewpoint and be arguing like you have it figured out. People who earn 1.5M a month in Shell and Total are still trying to relocate to Canada and someone earning 800k in 2021 thinks he is a big boy. It will shock him.

Eruditor:


I called whoever made a decision based on the assumptions above a fool and if the shoe fit you, then you should wear it.

You said we should peg the dollar at N200? Why not N1 as that is what it was in the late 80s? Do you see how stoopid your assumption sounds? If you do not know what value the $ will be to the N then any sensible person will do what they call an extrapolation. They would not sit down with their tecno phone and conjure up rubbish figures just to score cheap points.

What kind of house will he buy with $120k? Go to google and do some research. His $120k house will be better than what people pay N75M for in Lekki phase 1. Apart from that, he would have the liberty of paying for that house through mortgage which will provide him more resource-space to do more things with his money.

Did you look at the link you posted up there? What is the average salary for a nurse? See, I don't want to sound harsh but you are leaving me no options. You have built your own house and have one for tenants. Where? In Iyanoba? Mushin? Ajegunle? Mowé? Berger? Those are the only places you would have done that and that is as good as a Frog thinking it is a wild animal. In other words, you are deceiving yourself that you are rolling high. You are just scrubbing a bucket- no offense.

But if your argument is that you are hushpupi or any other yahoo boy then you have a point. If you swindle some maga over in the US or Canada and get some foreign exchange you can build something, rent out and then tell people you saved for it while you where in your parent's house. People tell those confabulations even today.

You changed cars on 400k a month, Saving 300k out of it per month which totalled up to 18M and you built houses and made other expenses? Did you also turn water to wine, raise the dead and feed 5000 men (excluding women and children)?

Mr. YoungestLand, I would not be surprised if you claimed you did all these as well because anything is possible on the internet when you are lying.

WellEndowed:
^^^This