Bottomline is healthcare is a lot more expensive in the US; oya compare $300 with 20k na. Even ambulance does not arrive in seconds as they show in the movies Then you have to pay good money for the service. I never said healthcare was better, I only said it is good when you have money in Naija. The healthcare in the abroad is so fantastic yet people die.
I also never said there are more HNI's in Nigeria compared to the US so no need to compare absolute numbers of folks in that income bracket.
Question you need to answer is why we have folks returning to jobs in Nigeria from US. I know many.
The main issue with Nigeria is the typical third world economy issue of inadequate PUBLIC infrastructure. Note I said PUBLIC. Aside roads, most other infra can be provided privately at good quality but at high cost (though still cheaper compared to US).

My previous comments were wrt savings between a $65k 4-person family in a good neighborhood in US compared to a parallel N32m earner in Nigeria. This is because the cost of living here is much less. That's why our brothers are dying to go and earn dollars and come and spend it here cos what you can acquire here is a lot more (Price Purchase Parity).

Abroad is sweet o, but it's not the heaven a lot of folks make it out to be.

abbey621:


Average tooth removal in the USA is less than $300 without complications and if you have insurance you won't even pay $100. You mentioned healthcare is better, how long does it take for the ambulance to show up during an emergency? Are victims being treated immediately if they got shot or stabbed? The danger of comparing currencies is that we don't factor in economic realities. For a person in 9ja to earn 50 million annually, he or she must be in the top 5-7% of the Nigerian workforce this is not the same for the USA, in yankee that is the top 35-40% of the workforce. If we truly wanted to compare apples to apples and oranges to oranges, we should compare income brackets, can a top 7% earner in the USA live as comfortably as a top 7% earner in Nigeria? This will make a better and more realistic argument.

Did you remember to inform that your paddy that if you can make N50m legally and annually in nigeria then you can make a $100m in America!

It is more difficult to make money especially millions legally in Nigeria than anywhere in the world.

DropsMic:
When my My grandma was alive she lived below $1 a day but she never went to bed hungry because she grew her own product... Back then if you dash her money she go dash the money to her lil grandkids because she had no use for it. Following the white man's definition of poverty (one who lives on less than $1 a day), you'd conclude that my grandma was poor, but in reality she was wealthy.

RIP CATHERINE

���

TeraHawks:
Bottomline is healthcare is a lot more expensive in the US; oya compare $300 with 20k na. Even ambulance does not arrive in seconds as they show in the movies Then you have to pay good money for the service. I never said healthcare was better, I only said it is good when you have money in Naija. The healthcare in the abroad is so fantastic yet people die.
I also never said there are more HNI's in Nigeria compared to the US so no need to compare absolute numbers of folks in that income bracket.
Question you need to answer is why we have folks returning to jobs in Nigeria from US. I know many.
The main issue with Nigeria is the typical third world economy issue of inadequate PUBLIC infrastructure. Note I said PUBLIC. Aside roads, most other infra can be provided privately at good quality but at high cost (though still cheaper compared to US).

My previous comments were wrt savings between a $65k 4-person family in a good neighborhood in US compared to a parallel N32m earner in Nigeria. This is because the cost of living here is much less. That's why our brothers are dying to go and earn dollars and come and spend it here cos what you can acquire here is a lot more (Price Purchase Parity).

Abroad is sweet o, but it's not the heaven a lot of folks make it out to be.

My point still remains, you're comparing apples with oranges which is not logical. What percentage of Nigerian salary earners earn 32 million or above yearly? This will give you the percentage of workforce and hence you can make a more logical comparative analysis. You can't just say 65K dollars for a family of 4 represents the average salary in the USA and that it is comparable to someone earning 32 million in Nigeria, it does not make any sense, majority of Nigerian salary earners make less than 300k a month, this is 3.6 million a year.

I have yet to see many families of 4 making 65k in a good neighborhood in the USA, many of the families you've described earn closer to 120k or more per year since majority of the time both the mom and dad are working class. For example when I was still an entry level professional, I earned 68k per year not including bonuses, compared to now that I earn basically 3 times what I was making then, this alone puts me way above the 65k projection you used to descirbe a family of 4 in a good neighborhood but guess what, I'm not even in the top 30% of earners in the USA. This is why I said you can't just compare without digging deeper.

Yes it is sweeter to spend money in 9ja and you can get many things accomplished but i still maintain the standard and quality of life cannot be compared. If with all my money I am still waiting hours upon hours for emergency services to show up or not at all, if all my money cannot get me a secured home without having to surround myself with body guards as if I'm at war then what exactly am I doing? Abroad works because the system works, it is more expensive but also has more quality. Death can never be comapred with sleep. Yes our brothers make money abroad to come and show off in 9ja but at the end of the day majority will still head back abroad becuase even with the money and the show off, many quickly realize spending without calculation is a futile effort!

Ya gat the point Bro

Thumb-up

tekzone:
I STRONGLY AGREE! A wise man said that the strength of a material is in its universal appeal. A chair in one country cannot be a stool in another. If you are a REAL millionaire Nigeria, you have to be the same in US and UK.

Ya never gat the point man,,,

humilitypays:
Lies....



Anybody that earn 50million naira is above average anywhere in the world.



50million naira = $110,000 Annual income......that's the income of a fully registered nurse with RN in the US.




Most nurses in the US that people adjudge as rich earn between $50,000 to $120,000 annually, so what nonsense are you talking about?

kateskitty Like seriously ya never get the point ok

Just shut up and keep your head down


We're talkin' about real LIFE and not Nigeria movies...

Ya talking like a product of a torn condom

Just move on

Kennydoc:


How many people earn 50m naira in Nigeria except large business owners? That's over 4m naira per month.
Even the well paid Nigerians probably earn about 5-10% of that.

If you want to compare, do it to the full. A position that pays you 50m per annum in Nigeria will probably pay 500k to 1m dollars per annum in the US.

As some have already said, an equivalent of 50m in the US or UK is a big amount of money. Only a small proportion of people earn that much (especially in Europe), and they are not considered poor.

Low life

Ya never reach anywhere oga

Just level up like my man Burna and u go understand what i mean

001spice:
oga get your fact right before posting rubbish

I Don't really wanna reply those droppin' shit on my busyy Mentions but you guy's seem's to talk like unexperienced human being's.































THIS IS NIGERIA

MT:


You need to rephrase the topic. I understand what you wanted to say but the title is obviously saying otherwise. The title is saying "A person living in Nigeria and earning 50M is being viewed as a poor man from abroad". Meanwhile that was not your intention.

The title was changed by the mod's not me ok which was personal

Shattuck:
With 59million naira equivalent in the USA you are not considered poor that's way over a 100thousand dollars annual income, if you check high paying jobs in these countries the annual salary is usually from 80k to 100kplus thousand dollars. If you earn the equivalent  of 50million naira in America annually then you have a high paying job.

Big man Big trouble

Sebastine1994:
Stop all this comparing and solve the real problem holding the country back. The exchange rate will improve if the government improve.

The United States will keep fucking all countries until they become wise. Why should the USA dollar be the default currency of the world?

That is why smart countries like Russia are investing heavily in Bitcoin and etherium to hit America where it hurts. a lazy America worker earns more than a hard-working Nigerian because of poor exchange rate. but with Bitcoin everything will be equal.

it would be the end of the brain drain to America

Man ya're the only niqqa that talked what entered my head

I have reason why i dropped those comparison ok

SimplyFacts:
Shallow-minded OP,

Do you think your so-called developed countries don't have paupers at all

Nop, paupers dosen't exit in our bloodline highest average

What do ya think?

crackhouse:
Have u travelled to UK or US before?

Widall:
OP which kind of conclusion is this.

50million naira is about 121k dollars.

Most people in the US don't earn more than 80k dollars per annum.

So ur assertion is very wrong!

Nop, ya talkin' Base on your level

I know someone will have posted that even if they are earning #50 million in Nigeria they will still resign to go and be driving uber in Canada. Lol bunch of dummies, you will hear them after discovering the mistake they made oh I am doing it for the future of my kids.

If u are earning 50 million per annual your security is still not guarantee in Nigeria from bandit and kidnapper. You may be kidnapped and they may require 100 million. In the developed countries u may be earning so low but at least you are free from kidnappers and u don't need to pay any Ransome.

KosiGee:



It’s actually you who doesn’t know what he is yapping about.

N50m is lots of money and anyone who earns that in any part of world will live comfortably.

Some doctors in the UK don’t get up to that.

N50m is a lot of money. It doesn’t matter where you live.

Lack of comprehension is the new pandemic.

abbey621:


My point still remains, you're comparing apples with oranges which is not logical. What percentage of Nigerian salary earners earn 32 million or above yearly? This will give you the percentage of workforce and hence you can make a more logical comparative analysis. You can't just say 65K dollars for a family of 4 represents the average salary in the USA and that it is comparable to someone earning 32 million in Nigeria, it does not make any sense, majority of Nigerian salary earners make less than 300k a month, this is 3.6 million a year.

I have yet to see many families of 4 making 65k in a good neighborhood in the USA, many of the families you've described earn closer to 120k or more per year since majority of the time both the mom and dad are working class. For example when I was still an entry level professional, I earned 68k per year not including bonuses, compared to now that I earn basically 3 times what I was making then, this alone puts me way above the 65k projection you used to descirbe a family of 4 in a good neighborhood but guess what, I'm not even in the top 30% of earners in the USA. This is why I said you can't just compare without digging deeper.

Yes it is sweeter to spend money in 9ja and you can get many things accomplished but i still maintain the standard and quality of life cannot be compared. If with all my money I am still waiting hours upon hours for emergency services to show up or not at all, if all my money cannot get me a secured home without having to surround myself with body guards as if I'm at war then what exactly am I doing? Abroad works because the system works, it is more expensive but also has more quality. Death can never be comapred with sleep. Yes our brothers make money abroad to come and show off in 9ja but at the end of the day majority will still head back abroad becuase even with the money and the show off, many quickly realize spending without calculation is a futile effort!

Gbam. Boss off mic.

Gfskw:
Did you remember to inform that your paddy that if you can make N50m legally and annually in nigeria then you can make a $100m in America!

It is more difficult to make money especially millions legally in Nigeria than anywhere in the world.

People just mentioned 50m as if our society designed it to earn that huge amount. And I laugh when people say you enjoy 50m comfortably in naija. Well, it's our system. We are still in a status country where we want to show off. Where boarding planes shows you are wealthy. A society that believes you must build and leave inheritance for your children. Oh how did I forget that no work in Nigeria will pay somebody below 27yrs 20m annually.

Our society is not design for all this comparison. American model is designed in a structured way whereby you are paid the right amount for every job you do. But here, a poor boy will wake up tomorrow and become a millionaire. For us to make such conclusions we should look at some major things such as

Power generation
Transport system
Recreation center
Security
Living conditions
Health
Economy
Foreign affairs
Basic amenities
Growth opportunities
Etc

Grupo:

Lack of comprehension is the new pandemic.

Apologies. You are were right. I quoted the wrong person.

abbey621:


Can you call police during an home invasion or emergency and they show up within 5 minutes? Can you call during an accident and have ambulances and helicopter show up within 10 minutes to save your life? Can you travel at night to any part of the country and not fear the death trap that we call roads? Can your kids go to school peacefully without worrying about kidnappers? Is your salary guaranteed to be paid without delay ever? Will your pension be paid once you retire?

A robbery victim was sshot and taken to the hospital, instead of them to start treatment they required a police report even tho the victim's father had millions to put down.....This is what you call living well?

That my be true, but there are things like racial discrimination which is high over there especially to Africans, doesn't matter the certificate you acquire, not too long ago a Nigerian football star was shot at his home in UK, the matter swept under the carpet because he was black.
There is high crime there too , burglary, rapes, kidnapping, just because these things are whitewashed by their media doesn't mean they don't happen.
A prison is a prison no matter how well decorated it is.

I d rather enjoy my 50m here in Nigeria where I have more control over how I spend it here than in UK, taxes are crazy over there.

The original post was a comparison between someone earning $100k and the equivalent N50m annually. It was not about the ratio of people within the income bracket. My assertions has been in line with this comparison and I went further to compare with $65k which is the estimated average income in the US.

Again, I make bold to say, all the things you enjoy in the US are available in Naija if you can afford it. Constant power, good healthcare etc. And like I pointed out as well, they are from private service providers not PUBLIC. The bane of existence in a 3rd world developing nation is lack of PUBLIC infrastructure. Who said there are no ambulances in Naija? hell, there are even helicopter evacuation services!!

The biggest mistake Nigeria has made so far is BUHARI. I know the shock as the value of the Naira continues to plunge whenever one travels out. Before then, I know countless professionals who returned to jobs here because the exchange rate was not this bad and so the allure of the Dollar was less. The fortunate ones had their contracts in FOREX so they are still balling. Till today, there's no professional I know that wont prefer to earn in Dollars whilst living/working in Nigeria. Simple reason is, YOU CAN SAVE MORE and DO MORE cos the cost of living is way way less here. In terms of standard of living, yes there is a gap between the abroad and here but with money, you can close the gap a little bit.

THAT'S ALL I'M SAYING.

We are not comparing apple to apple; we are only speaking within the context of the original post.

And, the discussion is not about how much you earn or I earn. I believe though that by now you would have guessed I have lived there, luckily I still had the means to move back to Naija without losing much.

That's why I keep saying to people - because I know well-off folks who jumped to relocate and are regretting it today - to always think well well. As a matter of fact, I recommend abroad if you are Single and under 30. If not, you must have an in-demand professional background as the brand-drain from Naija is still very much operational.

It shall be well with Nigeria again. We shall see the demise of the troublers of the country; and we shall occupy our rightful place in the comity of nations...one day.

abbey621:


My point still remains, you're comparing apples with oranges which is not logical. What percentage of Nigerian salary earners earn 32 million or above yearly? This will give you the percentage of workforce and hence you can make a more logical comparative analysis. You can't just say 65K dollars for a family of 4 represents the average salary in the USA and that it is comparable to someone earning 32 million in Nigeria, it does not make any sense, majority of Nigerian salary earners make less than 300k a month, this is 3.6 million a year.

I have yet to see many families of 4 making 65k in a good neighborhood in the USA, many of the families you've described earn closer to 120k or more per year since majority of the time both the mom and dad are working class. For example when I was still an entry level professional, I earned 68k per year not including bonuses, compared to now that I earn basically 3 times what I was making then, this alone puts me way above the 65k projection you used to descirbe a family of 4 in a good neighborhood but guess what, I'm not even in the top 30% of earners in the USA. This is why I said you can't just compare without digging deeper.

Yes it is sweeter to spend money in 9ja and you can get many things accomplished but i still maintain the standard and quality of life cannot be compared. If with all my money I am still waiting hours upon hours for emergency services to show up or not at all, if all my money cannot get me a secured home without having to surround myself with body guards as if I'm at war then what exactly am I doing? Abroad works because the system works, it is more expensive but also has more quality. Death can never be comapred with sleep. Yes our brothers make money abroad to come and show off in 9ja but at the end of the day majority will still head back abroad becuase even with the money and the show off, many quickly realize spending without calculation is a futile effort!

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TeraHawks:
The original post was a comparison between someone earning $100k and the equivalent N50m annually. It was not about the ratio of people within the income bracket. My assertions has been in line with this comparison and I went further to compare with $65k which is the estimated average income in the US.

[b]Again, I make bold to say, all the things you enjoy in the US are available in Naija if you can afford it. [/b]Constant power, good healthcare etc. And like I pointed out as well, they are from private service providers not PUBLIC. The bane of existence in a 3rd world developing nation is lack of PUBLIC infrastructure. Who said there are no ambulances in Naija? hell, there are even helicopter evacuation services!!

The biggest mistake Nigeria has made so far is BUHARI. I know the shock as the value of the Naira continues to plunge whenever one travels out. Before then, I know countless professionals who returned to jobs here because the exchange rate was not this bad and so the allure of the Dollar was less. The fortunate ones had their contracts in FOREX so they are still balling. Till today, there's no professional I know that wont prefer to earn in Dollars whilst living/working in Nigeria. Simple reason is, YOU CAN SAVE MORE and DO MORE cos the cost of living is way way less here. In terms of standard of living, yes there is a gap between the abroad and here but with money, you can close the gap a little bit.

THAT'S ALL I'M SAYING.

We are not comparing apple to apple; we are only speaking within the context of the original post.

And, the discussion is not about how much you earn or I earn. I believe though that by now you would have guessed I have lived there, luckily I still had the means to move back to Naija without losing much.

That's why I keep saying to people - because I know well-off folks who jumped to relocate and are regretting it today - to always think well well. As a matter of fact, I recommend abroad if you are Single and under 30. If not, you must have an in-demand professional background as the brand-drain from Naija is still very much operational.

It shall be well with Nigeria again. We shall see the demise of the troublers of the country; and we shall occupy our rightful place in the comity of nations...one day.

I get what you're trying to say but you're still missing the point. For all that you said, can you tell me how long it take the police to show up during a robbery? Do they even show up at all? Helicopter evacuation service? LMAO......Imagine falling and breaking your spinal cord with brain trauma, how long does it take for ambulance to show up not to talk of being evacuated by helicopter? Trying to travel by road from Lagos to Kano are you guaranteed decent road with no harrassment from police, kidnappers etc? Can your kids go to any university in the country and not fear being kidnapped? Can you build a house in Northern Nigeria, relocate your family and proudly stand tall during religious clashes? is your life worth more than that of a cow?

Okay let's not focus on public service what about health insurance or life insurance, what laws or body regulates them? What about business intellectual property and copyright? Private hospitals and treatments? What's the success rate of brain or heart surgery in Nigeria? How come when someone is shot, even the private hospitals refuse treatment till a police report is given? This goes to show you that private service is useless if public service/government is inept.

Lastly, this is not just about Buhari or financial analysis, it is about the sanctity of life and the outright abysmal level of service in Nigeria since 1999. You might know many professionals that would gladly relocate to Nigeria and still be earning in dollars but that figure dwarfs in comparison to those who will never relocate no matter what due to the factors I mentioned above, it dwarfs in comparison to those who would never invest in 9ja again after watching their investments lose 30-80% of its value in just a few years. I love that you always put the caveat, "WITH MONEY" but there are numerous evidence which confirms that even with your money in Nigeria, your life is not safer than that of a cow in Nigeria. Sorry I cannot defend the indefensible!

quentin06:


That my be true, but there are things like racial discrimination which is high over there especially to Africans, doesn't matter the certificate you acquire, not too long ago a Nigerian football star was shot at his home in UK, the matter swept under the carpet because he was black.
There is high crime there too , burglary, rapes, kidnapping, just because these things are whitewashed by their media doesn't mean they don't happen.
A prison is a prison no matter how well decorated it is.

I d rather enjoy my 50m here in Nigeria where I have more control over how I spend it here than in UK, taxes are crazy over there.

This is nothing but strawman's argument, you highlighted racial discrimination in the UK but don't we see other forms of discrimination here in 9ja, religious discrimination, ethnic discrimination and so on, you are just as likely to be racially discriminated against in the UK compared to being discriminated in 9ja based on your religion or ethnic background. Your other point about taxes is funny as well, you prefer not to spend on taxes and rather use that money to provide electricity, healthcare, security etc for yourself. In the end the little money you think you're saving on taxes is wiped off by one or two security or health incidents.....Funny people

TeraHawks:
The original post was a comparison between someone earning $100k and the equivalent N50m annually. It was not about the ratio of people within the income bracket. My assertions has been in line with this comparison and I went further to compare with $65k which is the estimated average income in the US.

Again, I make bold to say, all the things you enjoy in the US are available in Naija if you can afford it. Constant power, good healthcare etc. And like I pointed out as well, they are from private service providers not PUBLIC. The bane of existence in a 3rd world developing nation is lack of PUBLIC infrastructure. Who said there are no ambulances in Naija? hell, there are even helicopter evacuation services!!

The biggest mistake Nigeria has made so far is BUHARI. I know the shock as the value of the Naira continues to plunge whenever one travels out. Before then, I know countless professionals who returned to jobs here because the exchange rate was not this bad and so the allure of the Dollar was less. The fortunate ones had their contracts in FOREX so they are still balling. Till today, there's no professional I know that wont prefer to earn in Dollars whilst living/working in Nigeria. Simple reason is, YOU CAN SAVE MORE and DO MORE cos the cost of living is way way less here. In terms of standard of living, yes there is a gap between the abroad and here but with money, you can close the gap a little bit.

THAT'S ALL I'M SAYING.

We are not comparing apple to apple; we are only speaking within the context of the original post.

And, the discussion is not about how much you earn or I earn. I believe though that by now you would have guessed I have lived there, luckily I still had the means to move back to Naija without losing much.

That's why I keep saying to people - because I know well-off folks who jumped to relocate and are regretting it today - to always think well well. As a matter of fact, I recommend abroad if you are Single and under 30. If not, you must have an in-demand professional background as the brand-drain from Naija is still very much operational.

It shall be well with Nigeria again. We shall see the demise of the troublers of the country; and we shall occupy our rightful place in the comity of nations...one day.

Nobody earning 32 million naira per year will relocate abroad. Those earning such amount will likely be at the zenith of their careers in nigeria e.g CEO, very top managers in corporate service. Less than 0.001% of the workforce.
Even permanent secretaries in FG parastatal don't earn 1 million per month- legally.
No fresh graduate or middle grade worker earn 32 million per yr, not even oil workers except the expatriate.
So this argument is baseless in the 1st place.

I earn roughly 55 thousand pounds after tax in the UK as a middle grade staff.
If I decide to relocate back to naija, how easy will it be for me to earn equivalent amount- 30 million naira in nigeria within my field.
Very unlikely...so what's all these discussion about then.
There's a reason people travel. Those factors haven't changed.

abbey621:


This is nothing but strawman's argument, you highlighted racial discrimination in the UK but don't we see other forms of discrimination here in 9ja, religious discrimination, ethnic discrimination and so on, you are just as likely to be racially discriminated against in the UK compared to being discriminated in 9ja based on your religion or ethnic background. Your other point about taxes is funny as well, you prefer not to spend on taxes and rather use that money to provide electricity, healthcare, security etc for yourself. In the end the little money you think you're saving on taxes is wiped off by one or two security or health incidents.....Funny people

So we don't have sick people and security issues in the UK? Is the govt of UK not responsible for the poor state of affairs in this country? I challenge you to read Kole Omotosho's book called Just Before Dawn.
You indomie generation need to read your history before defending tyrants.

quentin06:


So we don't have sick people and security issues in the UK? Is the govt of UK not responsible for the poor state of affairs in this country? I challenge you to read Kole Omotosho's book called Just Before Dawn.
You indomie generation need to read your history before defending tyrants.

LMAO, you've had 60 years to free yourself from voluntary slavery, the UK is not responsible for y'all poor taste in leaders, it is not responsible for your culture of zero maintenance, it is not responsible for your greed, lack of value for human life and outright wickedness and I'm not just talking about the government! Indomie generation? Does it not include you? I don't believe you're up to 40 years old based on your history of aggresssion and senseless posting on Nairaland so kettle calling pot black?

abbey621:


LMAO, you've had 60 years to free yourself from voluntary slavery, the UK is not responsible for y'all poor taste in leaders, it is not responsible for your culture of zero maintenance, it is not responsible for your greed, lack of value for human life and outright wickedness and I'm not just talking about the government! Indomie generation? Does it not include you? I don't believe you're up to 40 years old based on your history of aggresssion and senseless posting on Nairaland so kettle calling pot black?

Ignorance makes people bold, but time reveals all.