I am no business person, I am a monthly income person. I don't know the average income in Nigeria. My question is this how much money should you have to be considered rich.
or how much monthly income should you make to be considered rich?

ProlificEric:
Get a quick and affordable loan with no collateral requirements. Check my signature.

That does not relate to the question asked. but I am pretty sure a lot of people want collateral free loan

Techsupport:


That does not relate to the question asked. but I am pretty sure a lot of people want collateral free loan

Rich is categorized by the number of businesses you control or investment you hold and not about monthly income.

On the other hand, let's say you ear 2.6m per month apart from other incentives, then you are lucky and rich. 2.6m ×12 months = wealth
What majority of Nigerians consider as rich is having a nice house and a car.

meanwhile Please check my thread

https://www.nairaland.com/6506600/dept-officially-declaring-bankruptcy
https://www.nairaland.com/6512637/how-ran-into-debt#100919299

FatherCHRISTMAS:


Rich is categorized by the number of businesses you control or investment you hold and not about monthly income.

On the other hand, let's say you ear 2.6m per month apart from other incentives, then you are lucky and rich. 2.6m ×12 months = wealth
What majority of Nigerians consider as rich is having a nice house and a car.

So what of if you have businesses and dont make up to 2.6 mil a month?

Damnnn niggarrrr
Isoright ....

This question get as he be.....

But to be me o...there is no exact amount.....
As far as you get enough money that month to afford your wants and need without bothering anybody

That's a rather, vague question.

Rich is relative.

The amount of income or resources you consider to be wealth is meaningless to another person. This is why a "big boy" income in Nigeria is what a cleaner earns in the USA.

As long as you are able to pay your bills, meet your needs and that of your family, with some good savings/assets to back up, you are rich!

You don't have to wait for someone to consider you rich. If B considers you rich, Z might not. Just be rich in your mind!

Hian

Honestly, I will say 500k per month
But what's the point of earning 1 million per month if you don't have savings at the end of the month?
Also both the rich and the poor are still poor when you consider the standard of life in Nigeria. It's too low.

I would say earning $30,000 dollars (10 million naira monthly).

R

FatherCHRISTMAS:


Rich is categorized by the number of businesses you control or investment you hold and not about monthly income.

On the other hand, let's say you ear 2.6m per month apart from other incentives, then you are lucky and rich. 2.6m ×12 months = wealth
What majority of Nigerians consider as rich is having a nice house and a car.

2.6M = 5.3k USD.... I don't think Nigerians fully understand what Buhari has done.

If your earning is naira... forget it, you have lost so much value. The average Nigerian millionaire aint rich.

Naira is useless. If your annual income is equivalent to 75,000 USD and above, then you've started arriving .

Even as Naira weak reach 2 million monthly is not bad. May God connect us with the people that matter most.

This question must have been asked by someone below 18 years.. If u have a job that pays 1M monthly and u have projects u are carrying out, do u still consider urself rich ? U can't even call ur self rich even after Working for a year when u have Responsibilities..
meanwhile, Wealth has Grade, Ur 12M Gross take home is someone's hospital bill.

get rich or die trying

You must be a Politician first den u are rich...

If my monthly expenses put together is... Let's say N200k, for me to consider myself rich I should be making x10 of such amount, that's N2millon.
But then the idea is to become wealthy not just rich..

You are rich if you can spend more than a dollar daily.

10k and good health

something I dont know ppl the ask this kind things self ...

If you can net 3m per month after all expenses, then you’re doing very fine

Here to learn.

Couple millions. Me I'm poor so i no dey drag am with anybody. Never seen million with my eye before

Been Rich is mandatorily measured by your income per minute.

g

There are two types of riches: one obtained through hardwork and the other obtained through corruption,embezzlement,bribery and inflated contracts.

The riches through hardwork that involves working your way through the corporate ladder in Shell,MTN,First Bank,Nigerian Breweries etc I would say earning the equivalent of $10,000-$30,000, which is around three to ten million naira monthly when you get to a managment position.