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Nairaland Forum / Nairaland / General / Politics / Cost Of Living In Nigeria Is Cheaper Than UK Or US (55288 Views)
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Cost Of Living In Nigeria Is Cheaper Than UK Or US by psalmsjob: 12:36am On Dec 03, 2023 |
I'm posting this as a response to the topic that made Nairaland front page yesterday; "See What Someone Bought With An Hour Minimum Wage In The UK £10", the link: https://www.nairaland.com/7929193/see-what-someone-bought-hour UK & US ARE OVER-RATED NIGERIA IS STILL BETTER in terms of cost of living see a practical example why doing a price comparison: 1 pound to 1 naira today is N1,001 so are you saying with £10 x N1,001 = N10,001 you cannot buy everything in that basket and collect change in Nigeria today? 1 Sliced Bread = N800 2 Spaghetti = N1400 1 Gesha = N600 1 live chicken = N3,000 1 75cl soya Oil = N1,400 1 Midium size Butter = N600 2 Gino Tomato paste = N1,000 Total = N8,800 so your change is N1,200 that's if you exchange pound to naira at offical rate and buying at the most expensive stores or high brands. If you exchange at black market rate and buy at public market "days" you will collect as much as N6,000 after buying everything in that basket....that's about £6 left. LET'S JUST THANK GOD FOR WHAT WE HAVE AND STOP LOOKING AT AND GLORIFYING ANOTHER MAN'S LAND MORE THAN OUR OWN....OUR OWN NA OUR OWN O 172 Likes 24 Shares
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Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by LikeAking: 12:51am On Dec 03, 2023 |
Cost of living is cheaper there.. Way cheaper… At least they earn big and spend big, unlike Nigeria. 368 Likes 21 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by MEEVEET: 12:55am On Dec 03, 2023 |
psalmsjob:Lmao It cost you 1 hour to earn that money in the UK... Ok minimum wage ooh In Nigeria it would take you just over a week to earn that on minimum wage So please do you calculations again 807 Likes 67 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by LikeAking: 12:56am On Dec 03, 2023 |
Point of correction, the quality of the products here and there are not the same.. Life is cheaper in Yanke than Naija, @ OP.. U must not argue everything… I don’t think you have a car at your age in Nigeria, but it’s a norm in Yankee.. We’re will Nigerians earn one hour wage of 12k.. Secondly, I don’t think you eat or even buy food stuffs, or give ur gf money to go to the market.. What’s inside that basket is more than 6500. 239 Likes 19 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by LikeAking: 1:00am On Dec 03, 2023 |
Op u just they make me vex by this time of the day.. We’re u one see slice bread of that quality by for Nigeria @ 800 Naira? Live chicken of 3k, na immature small broiler, the chicken in that pic mature well. Grandnut oil pass grandnut oil.. What we use here is bleached palm oil…. Butter pass butter, what we use here is butter from palm nuts, not margarine, etc.. Not the real butter.. Try reason bf u create post.. Don’t compare a third world country to a first world country… 355 Likes 31 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Artscollection: 1:20am On Dec 03, 2023 |
To be an agbadorian is a hectic task! You must pledge to defend rubbish with your life. 405 Likes 48 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Lovemeharder(f): 3:10am On Dec 03, 2023 |
As far as am concerned it's far better than Nigeria. Here we work like elephant and eat like an ant, we're suffering and smiling. Our pay is nothing compared to those working in the UK/US. 87 Likes 8 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by CHRISTFUCKER: 3:13am On Dec 03, 2023 |
Nigeria is a forking shit hole I rather be in a prison in the UK than a shit hole ruled by a pissing retard 49 Likes 8 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by mbaise1000: 3:15am On Dec 03, 2023 |
How about the poster show us what one hour wage in nigeria will buy? These are some of the reasons why those of us that didn't go to any school doesn't regret not going to School, seeing how those that will claim being the most educated and intelligent amongst us reason 269 Likes 20 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by tollyboy5(m): 5:01am On Dec 03, 2023 |
You'll have to show what an hour wages could buy in nigeria 90 Likes 7 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Difrent: 5:30am On Dec 03, 2023 |
Even though Migration is as old as humanity Nigerians are making it look like the next Gold rush. In the past 2 years UK has made over 50billion pounds from Nigerians alone to shore up it's ailing economy and to keep the economy running they make sure they are stuck in jobs their own citizens refused to do while paying heavy taxes at the end of the day....Nigeria and Nigerian economy loses Those I'm mad at are those doctors that got subsidized medical education and ran to UK to practice....why didn't you go to study medicine in UK?....just game our system. If you want to practice in UK.....study medicine in the UK too.....abi does it make sense to want to be treating whites but use blacks to train Ungrateful lot 39 Likes 6 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by joyandfaith: 5:39am On Dec 03, 2023 |
psalmsjob: Ask yourself what is hour wage in Nigeria? Do the maths. 76 Likes 4 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by joyandfaith: 5:41am On Dec 03, 2023 |
Difrent: Don't isolate doctors and other health workers. Other workers are leaving too. 36 Likes 6 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Chinjo2: 5:50am On Dec 03, 2023 |
It's not only about cost of living. It is also about living in a country where things works. Where the government understand their responsibilities to the people. We don't need academic statistics. My brother who travelled to the UK 5 years ago has completed two mansions here in Nigeria. He could not even build one house in his 15 years of working in a federal government agency in Nigeria and you are here talking about cost of living. 137 Likes 15 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Difrent: 5:56am On Dec 03, 2023 |
joyandfaith: Other workers are other workers. Doctors are Doctors It costs so much to train one. Government subsidized medical education for the good of Nigerians not for the good of UK. Dont tell me about wages... Doctors are among the best paid Nigerians. Equipment?...not bad. (But you trained with those equipments manage it to work too) Working conditions?...they have one of the best in the country And like I said It will make more sense if you want go work in the UK to train as a doctor in the UK too Why do you think even UK citizens are not even studying medicine.....it's the cost The UK health system is heavily reliant on medical workers from India and Nigeria. The UK government is gaming it's two biggest former colony 26 Likes 4 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Chinjo2: 5:56am On Dec 03, 2023 |
This your analysis lacks merit. He said the person bought those items with his hourly pay of 10 pounds. If I may ask you, how much is hourly pay in Nigeria? Assuming you are one on the few fortunate graduates in Nigeria that earns let's say 150k per month. Then 150k divided by 30 days = N5000 N5000 divided by 8 hours = N625 Then I ask you, can you get those items with N625 in Nigeria? (Remember most graduates earns less than 100k per month and works more than 8 hours per day) 169 Likes 15 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by modernWays: 5:59am On Dec 03, 2023 |
How many times are we going to tell people that food is the cheapest thing abroad. It is the way their societies being designed, the logic is , if you can comfortably feed yourself, the tendency to steal or commit crime will significantly reduce. Aside that, cost of living in Nigeria is way cheaper than in Western countries to those who have tasted both side. Nigerians living in Nigeria can't afford to live a quality lives with their wages or salaries. 33 Likes 4 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by joyandfaith: 6:05am On Dec 03, 2023 |
Difrent: Doctors are earning more than senators in US. Can u say the same about Nigeria? Nigerian doctors are under- valued. You guys insulted doctors when APC ministers - Adewole and Ngige said we had excess doctors in Nigeria. Other graduates enjoyed the same reduced fees as medical graduates. No discrimination. 40 Likes 7 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by ChiefS(m): 6:09am On Dec 03, 2023 |
True. But they earn far more than us so there's no need for comparison. It's only when you travel with Nigerian Naira based on Nigerian salary that you can make such comparisons. 2 Likes |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by bestman09(m): 6:19am On Dec 03, 2023 |
@op, you just posted lies, but the question is, how much is an hour wage in Nigeria? If you are outside Nigeria, why not come back and enjoy the cheaper cost of living? 24 Likes |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by calabaman(m): 6:28am On Dec 03, 2023 |
Mr good citizen OP, even though things maybe cheaper in terms of cost of living. What about living in a society that values her citizens. What about access to quality health care and not novices. = Why isn't your president going to the nearest general hospital for treatment? Have you seen the promised pallative by the govt till date? Let's be real my gee. 10 Likes |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by yemmit90: 6:29am On Dec 03, 2023 |
@op, those things were bought with an hour wage in UK, and that is the difference. 1 British pound is about 1200 in Nigeria, how many people earned 12,000 per hour in Nigeria? I agreed utility bills and others may be way too higher in UK but unlike here, you get what you paid for. In Nigeria , those on minimum wage cannot live 10% quality life compare to their counterpart abroad. Nigeria/Africa are not only suffering from corruptions, but lack of quality leaders who dont know what to do for the masses. Since second Republic, no Nigeria leaders at all tier of government address the actually needs of the masses. Not that they don't want to do it, they simply lack mental capacity to know what is good for their society. You cant progress as a country wuthiout taking your human resources seriously, and that is the secret of western countries we are all running to now. If Nigerians can comfortably feed themselves with little or free, our problem is 50% solved. For instance, what is the logic in removing fuel subsidy to increase workers salaries? Is that not the same thing? If fuel subsidy is a scam perpetrated by few cabals, and must go, why can't we use the money realised from this to subsidise other sector of the economy(Especially foods) that everyone will benefit instead of increasing salary for a few? 30 Likes 1 Share |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by banku: 6:30am On Dec 03, 2023 |
Instead of you guys to listen to Ameachi and stone your politicians, you curse one another and commit suicide This is why a South African video that went viral ask you why you run to their country after they suffered, fought and still dying to achieve the little they have. Stay home and loot the Treasury like your politicians. They are the highest paid in the world of politics. Doctors want to be the highest paid. Even if they pay you like politicians, you will still Japa. Most of us are just looking to reap where you did not sow. Stay home and fix your villages you call ZOO and shithole. 19 Likes 5 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Mindlog: 6:36am On Dec 03, 2023 |
Difrent: In those 2 years, how much have Nigerians living in the UK remitted back to Nigeria and would still remit for more years to come? You should be "madder" at Nigerian politicians who also got subsidized education at different levels, they steal public funds and run to the UK anc other Western countries to enjoy world class healthcare services and most times offered by Nigerian healthcare practitioners they frustrated ouf of Nigeria! I support any healthcare professional who wants to japa, anybody whey no like am make im vex go write JAMB and study the related courses to show us how patriotic he or she is. 27 Likes 1 Share |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Usmanovic95(m): 6:39am On Dec 03, 2023 |
OP I get you are trying to give a price equivalent of these commodities in naira but the fact is you can't get the commodities at that price you quoted,the quality and standard of these commodities are way above our own. And again, can an hourly wage in Nigeria get you these commodities? 14 Likes |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by Aboks(m): 7:00am On Dec 03, 2023 |
me sef wan japa 3 Likes 1 Share |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by psalmsjob: 7:06am On Dec 03, 2023 |
MEEVEET: You guys focus on the money earned but not on what the money earned can purchase....the purchasing power of the money. See another analysis for you to stop Lmao If our bobo londoner works for the standard 8 hours per day and earning £10 per hour and he works for 5 days a week; he would have earned = £10 x 8 hours = £80/ day x 5 days/week = £400/week x 4 weeks = £1,600 per month. With this earning bobo londoner is taking nothing home at month end and cannot afford to buy that kind of £10 food every day if he does he might be in debt see why: Now for bobo pays average of £1,480 for house rent monthly and pays average of £140 for transportation to work. That's £1,480 + £140 = £1,600 per month ONLY. If bobo londoner tries to buy his £10 food everyday as man must wak that's £10 x 30 days = £300 per month. Therefore, bobo londoner must werk on Saturdays to survive that's £80 x 6 days × 4 weeks = £1,920 - £1,480 - £140 - £300 = £0.00 per month So Bobo Londoner must werk on Sundays to have £80 at every month end Workers in Nigeria do not work on Saturdays and Sundays before you start your comparison again 16 Likes 3 Shares
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Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by nedu666: 7:13am On Dec 03, 2023 |
Op is trying to be clever by half. The person in UK bought those stuff with the minimum wage an hour wage. For better comparison show us what an hour wage based on Nigeria minimum wage can buy. Let me help you out 30k on 22 working days translates to 1,364 naira a day. If the individual works for just 8 hours, he will earn 170 naira an hour. Op show us what 170 naira an hour can buy 30 Likes 5 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by MEEVEET: 7:16am On Dec 03, 2023 |
psalmsjob:Lmao you are funny The house is at least one bedroom flat Can a minimum wage earner live in a selfcon in lekki since u want to compare london Selfcon in lekki is 800k minimum flat is 1.5 million minimum per year That's over 2.5 times minimum wage that's 72k for selfcon or 120k for I bedroom flat a month So what's your point 46 Likes 6 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by nedu666: 7:17am On Dec 03, 2023 |
psalmsjob: You lie. First, you can't finish all that food in a day, so it's impossible to keep spending 10 everyday. Second if he is staying in shared accommodation the rent might not be 800 pounds a month. If he is a family man, with both couples working and one extra job they can pay for a flat. If the flat is insulated, then the gas bills will be lower. Lastly the cost of living is not the same everywhere. 27 Likes 4 Shares |
Re: Cost Of Living In Nigeria Is Cheaper Than UK Or US by emmybobo1: 7:22am On Dec 03, 2023 |
psalmsjob:OLoDO. Do you earn 8k in one hour 30 Likes 2 Shares |
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