In the USA, cost of 1GB of data is, according to the data available, $8.00, while in Nigeria, cost of 1Gb of data is around $2.3. Nigeria looks cheaper right? Wrong!

Someone looks at this as then says data is cheaper in Nigeria. But that is a wrong conclusion from a false comparison. The simple way to know which is cheaper is to bring in the buying power of the buyers.

In the USA, the average wage per month is $2730, while in Nigeria, the average wage is N30000 = $58. So without looking too far, a Nigerian who collects his wage will be able to purchase with his full salary, 58 / 2.3 = 25GB, while an American who collects his wage will be able to purchase, with his full salary, 2730 / 8.00 = 341GB

Pierocash:
Things aren't actually expensive in Nigeria compared to other advanced countries. It is the purchasing power that differs.


There are people in Nigeria who earn over $10k dollars a month. If such people travel out of Nigeria to the USA,he will come back to tell you that cost of living in Nigeria is way too cheaper compared to the US.


I will rather earn $1k a month in Nigeria,than to earn $3k-$5k in America

Techguy96:

Now how many people earn 10k dollars a month in Nigeria, are they up to 1000?

Pierocash:
Things aren't actually expensive in Nigeria compared to other advanced countries. It is the purchasing power that differs.


There are people in Nigeria who earn over $10k dollars a month. If such people travel out of Nigeria to the USA,he will come back to tell you that cost of living in Nigeria is way too cheaper compared to the US.


I will rather earn $1k a month in Nigeria,than to earn $3k-$5k in America

thebosstrevor1:
But this your analysis is RUBBISH.

What has purchasing power got to do with internet data.

That same data showed that India had the cheapest data because of lot of competitors.

The cost of data is expensive in the United states because of monopoly not because of purchasing power

MikeMicheal:
I dont think 3k for 10gb is high.

mbahdi:
Nigerians suffering and smiling

samsard:
Are you for real?
Where do you live? $10,000 is basically 5.2 million a month

Pierocash:
Things aren't actually expensive in Nigeria compared to other advanced countries. It is the purchasing power that differs.


There are people in Nigeria who earn over $10k dollars a month. If such people travel out of Nigeria to the USA,he will come back to tell you that cost of living in Nigeria is way too cheaper compared to the US.


I will rather earn $1k a month in Nigeria,than to earn $3k-$5k in America

Itzlinda:


Not $5k bro

PipulTv1:
Pipul TV has tried to give Nigerians a soft landing with this, you get unlimited data strictly for streaming at #3600 Monthly. Check my signature

historyles:
Someone did a thread showing the cost of data around the world in Dollars and some concluded from the thread that Data is cheap in Nigeria. This is not true at all. Data in Nigeria, like many other things, e.g. fuel. food stuff, is not cheap, but expensive. Very expensive!

Those who make these comparisons are only pushing out a false narrative based on false comparisons. What makes a product cheap or expensive is not the price tag on the product but the purchasing power of the buyers. Let's take a simple example.

In the USA, cost of 1GB of data is, according to the data available, $8.00, while in Nigeria, cost of 1Gb of data is around $2.3. Nigeria looks cheaper right? Wrong!

Someone looks at this as then says data is cheaper in Nigeria. But that is a wrong conclusion from a false comparison. The simple way to know which is cheaper is to bring in the buying power of the buyers.

In the USA, the average wage per month is $2730, while in Nigeria, the average wage is N30000 = $58. So without looking too far, a Nigerian who collects his wage will be able to purchase with his full salary, 58 / 2.3 = 25GB, while an American who collects his wage will be able to purchase, with his full salary, 2730 / 8.00 = 341GB

So how is it cheaper for the Nigerian? In fact, A Nigerian who collects minimum wage will spent it all on one bag of rice and transport home while an American who collects his minimum wage can buy 20 bags of rice and still have lots of change left.

I can go on and on and on, comparing products and services but the point is clear. Don't let anyone fool you that anything is cheap in Nigeria. Things are astronomically expensive in Nigeria right now

historyles:
Someone did a thread showing the cost of data around the world in Dollars and some concluded from the thread that Data is cheap in Nigeria. This is not true at all. Data in Nigeria, like many other things, e.g. fuel. food stuff, is not cheap, but expensive. Very expensive!

Those who make these comparisons are only pushing out a false narrative based on false comparisons. What makes a product cheap or expensive is not the price tag on the product but the purchasing power of the buyers. Let's take a simple example.

In the USA, cost of 1GB of data is, according to the data available, $8.00, while in Nigeria, cost of 1Gb of data is around $2.3. Nigeria looks cheaper right? Wrong!

Someone looks at this as then says data is cheaper in Nigeria. But that is a wrong conclusion from a false comparison. The simple way to know which is cheaper is to bring in the buying power of the buyers.

In the USA, the average wage per month is $2730, while in Nigeria, the average wage is N30000 = $58. So without looking too far, a Nigerian who collects his wage will be able to purchase with his full salary, 58 / 2.3 = 25GB, while an American who collects his wage will be able to purchase, with his full salary, 2730 / 8.00 = 341GB

So how is it cheaper for the Nigerian? In fact, A Nigerian who collects minimum wage will spent it all on one bag of rice and transport home while an American who collects his minimum wage can buy 20 bags of rice and still have lots of change left.

I can go on and on and on, comparing products and services but the point is clear. Don't let anyone fool you that anything is cheap in Nigeria. Things are astronomically expensive in Nigeria right now

Techguy96:

And ask u again, how many Nigerians earn 5.2 million a month.

historyles:
Someone did a thread showing the cost of data around the world in Dollars and some concluded from the thread that Data is cheap in Nigeria. This is not true at all. Data in Nigeria, like many other things, e.g. fuel. food stuff, is not cheap, but expensive. Very expensive!

dake40:


Sciolist.

Techguy96:

And ask u again, how many Nigerians earn 5.2 million a month.

Happened:


Am using hyflex net ... By MTN.

Cost 20k per month ... Is unlimited.

120GB Data Cap !!!

After your data don finish ... The speed reduces to 520kb/s.

Is indeed unlimited.

Written by Illikannu Donald Chukwuma

Pierocash:
Things aren't actually expensive in Nigeria compared to other advanced countries. It is the purchasing power that differs.


There are people in Nigeria who earn over $10k dollars a month. If such people travel out of Nigeria to the USA,he will come back to tell you that cost of living in Nigeria is way too cheaper compared to the US.

COST OF DATA IN NIGERIA IS DAMN SO CHEAP


I will rather earn $1k a month in Nigeria,than to earn $3k-$5k in America

samsard:
Oga, I don't have that data. But if you think only 1000 people in Nigeria earn that much, then you really underestimate the elite.

Modrov:
The cost of data in Malawi is $27 In Nigeria it is $1.31...for the same one gig

Then the minimum wage in both countries is the same.

The cost of 1 g data in the Central African republic can chop one quarter of your income.....here in Nigeria it is much less.

I think the problem is, anyone who points out the fact that data is cheap in Nigeria is perceived as arguing for higher prices. That's not true.

Anyway, the argument we should really be having is the modalities they use in setting the price for data. That's what we should be asking.

Pierocash:
Things aren't actually expensive in Nigeria compared to other advanced countries. It is the purchasing power that differs.


There are people in Nigeria who earn over $10k dollars a month. If such people travel out of Nigeria to the USA,he will come back to tell you that cost of living in Nigeria is way too cheaper compared to the US.


I will rather earn $1k a month in Nigeria,than to earn $3k-$5k in America

FactBoyz:
Thanks for this analysis.. Sone where already praising Nigeria in that thread. Mobile data is super expensive in Nigeria; if you go abroad, you'll even forget to turn off your data! That's how it is..