No amount. Naira has no value.

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

my man...

Techsupport:

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?

It is relative from person to person. I could earn 2M a month, but if it doesn’t cover my expenditure, what’s the point? Income (minus) expenditure!! If your expenditure, 60-70 less than your income then you can consider yourself rich.

Techsupport:


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

People who are ready to lose their sanity.



Kudos to Carbon though.

Nigeria is messed up. everyone in Nigeria apart from a minute few are only one sickness away from poverty. A nation that has no proper healthcare system is a nation full of poor people but who may not know it. The greatest poverty in the world is poverty of the health. This message is only for the deep minded.

Techsupport:

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?

500k/Month...You can atleast safe to also go on vacations outside Nigeria, comeback and ride in ur car to places..tk ur chldrn out
Average Nigerian family should earn 200k/Month

500k monthly without much to take care of like school fees.. You are rich then...

Business is best way to be rich...
You can make profit of 100k instantly.. Multiply by many clients

from 1 million up... maybe I am mistaken cus I

1 naira

50K per Month

blockheadd:
Nigeria is messed up. everyone in Nigeria apart from a minute few are only one sickness away from poverty. A nation that has no proper healthcare system is a nation full of poor people but who may not know it. The greatest poverty in the world is poverty of the health. This message is only for the deep minded.

Very valid point. It does not even have to be sickness of the rich person, it can be that of a loved one.

Nigeria is a mess

Techsupport:

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?

2M

you're rich if you can take good care of yourself and family, have little to support your friends and finally? YOU'RE DEBT FREE

1) How many dependents do you have?
2) Do you rent or own your own house?
i - If renting, how much when calculated per month?
ii - if owned, how much for maintenance calculated per month?
3) Total monthly bills/expenses?
4) Feeding cost?

This is just to show you that it's all about your expenses. You and your friend could be making N250k each monthly but you could be way richer if you only have to spend N100k on needs (not wants) while your friend consumes all the N250k and even have to borrow to fuel his lifestyle.

.

1bunne4lif:
you're rich if you can take good care of yourself and family, have little to support your friends and finally? YOU'RE DEBT FREE

Simple!

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

Na my next promotion be this by the grace of our gods.

Nigeria is a mess !!!

justscorchone:


Na my next promotion be this by the grace of our gods.

Where do you work?

aminusodiq:
I think if you can make roughly 4million or more per annum, you should be considered rich. That's an average of 333,000 per month... It's just my OPINION

4m per annum rich?
God damn it.

If you still see your income in terms of fixed monthly salary in Naija, you ain't rich.

Your salary can never catch up with the rate of inflation.

slawormiir:
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

gbam that’s just it

What business can you do in Nigeria with 5m naira and make a good profit daily or weekly?

Techsupport:


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

If a loan in this context is collateral free, is it still a loan?

ratiken:


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.

Things are hard in Nigeria than you can believe. It's the poverty capital in the world

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

STFU!
How much do you bring in monthly?

ibedun:


STFU!
How much do you bring in monthly?

I never claimed to be rich. That is what management staff earn in blue chip companies.

Enough to put food on ur table for ur family, hangout with guys and u still have savings


Our riches are different, but if u can afford the basic, food, shelter and clothing....u are rich

To me, wealth is measured by the number lives you impact positively

The indices that decide wealth aren't well defined. I think being rich is a function of assets which when liquidated translate to a reasonable amount of money( dollars not any other weak currency).
Putting a figure to this means that you aren't rich if you are not worth up to over a million dollars in assets..
Get it drilled into your ears that you are not rich if you earn 2m in naira monthly..That's just enough to get you a middleclass life and nothing more.

I think 500k/m - comfortable

750/m - slightly rich

1m above/m - rich

I know Naira is in it lowest point at the moment but de way these people dey quote figures get as e be, how many American make 30,000 dollar per month? I am sure many of them earn less than 5,000 dollar per month