socialmediaman:
More context and data (using N1,300 = $1 conversion rate):

Electricity cost per KWH for band A in Nigeria = 17 cents. The minimum wage in Nigeria is N30,000 monthly.

Electricity cost per KWH in North Dakota (US) = 10 cents. Minimum wage in North Dakota is $7.25 per hour (N1.3 million naira monthly).

Electricity cost per KWH in Texas (US) = 15 cents. Minimum wage in Texas is $7.25 per hour (N1.3 million naira monthly).

Note: Many Nigerians living in major cities (rich or poor) in Nigeria fall within the band A category, including residents and businesses.

Going back to your samples for North Dakota and Texas, compared with Nigeria, how much money is left in pocket after deducting taxes and bills from the monthly minimum wage income?

Use the following as guide

Who pays Federal Tax on minimum wage?
North Dakota, Texas.

Nigerians on minimum wage of N30,000 or less are exempt on PAYE tax.

Who pays State Tax on minimum wage?

North Dakota.

There is no individual state tax for minimum wage in Nigeria and Texas.

Who pays Local Govt Tax on minimum wage?
North Dakota, Texas.
Nigerians are exempted.

Who contributes into Social Welfare Security?
Same as above.

Who pays deduction for health insurance?
Same as above.

Who pays retail and sales tax?
Same as above.

Who pays mortgage/renters insurance on minimum wage?
North Dakota, Texas
Nigerians do not pay mortgage/renters insurance.

Auto insurance is discretionary for all three.

Who pays utility bills - water, sewage, electricity/gas, waste disposal?
North Dakota, Texas.


...long story short, at end of month, after all deductions, a minimum wage earner in North Dakota and Texas are no better in quality of living than a minimum wage earner in Nigeria. If I complete the list of monthly debts hanging on the neck of a Dakotan, a Texan and a Nigerian, you will understand that the Nigerian minimum wager has far less pressure and comes out better than others. The comparative advantage in Dakota and Texas is safety and security, and even that one sef get k-leg, considering gun laws and rate of ownership amongst psychotic patients in the two NRA leaning states.

Make i drop pen here.

slimfit1:
Some people have destroyed this country for personal gain and their children won't benefit from it. Generating electricity for the whole country will create thousands of jobs. An ordinary monkey can figure that out. Sambo is one of the saboteur of electric generation. Jonathan lost me when he allowed his power minister to resign because Sambo told him to sack him.Sambo had and interest somewhere that we didn't know as usual. Whatever is working I will let somethings slide until I get my result then take action. Jonathan wanted to please Sambo.

To please Sambo and destroy the masses.
One man Vs. The nation. Such a decision made Jonathan a weak presido. Therefore we are putting our blames on Jona, period.

Wicked President who only puts his friends and family on. How is this policy sustainable since minimum wage is 30k? This country will go up in flames someday. Just keep fine turning that line!

NOETHNICITY:
We can’t compare Nigeria to the United States

Exactly

slimfit1:
Some people have destroyed this country for personal gain and their children won't benefit from it. Generating electricity for the whole country will create thousands of jobs. An ordinary monkey can figure that out. Sambo is one of the saboteur of electric generation. Jonathan lost me when he allowed his power minister to resign because Sambo told him to sack him.Sambo had and interest somewhere that we didn't know as usual. Whatever is working I will let somethings slide until I get my result then take action. Jonathan wanted to please Sambo.

Just as Obasanjo wanted to please the north by using Iwuruwuru INEC to make sick and dying Yar’Adua president? Or Yar’Adua was the best choice among Obasanjo’s viable options in 2007

NOETHNICITY:
We can’t compare Nigeria to the United States

Definitely not in the area of electricity prices without looking at the basic economic indicators as well as common services and utilities.

How does our country compare with America on the minimum wage and the gap between politicians total package vs. what is paid to civil servants

SouthSouth1914:
Wicked President who only puts his friends and family on. How is this policy sustainable since minimum wage is 30k? This country will go up in flames someday. Just keep fine turning that line!

Abeg help us ask them o. The brilliant American trained gurus who made Lagos the 3rd economy but failed to provide low cost houses for civil servants and teachers.

Yet they brand themselves as progressives instead of claiming and owning up to their progreThief label.

mrvitalis:

Nah electricity is not a necessity sir

Damm. The country has really dealth with you to have this mentality

For some myopic people here

Last month alone, we spent more than 21million Naira on Diesel in a hospitality company in Lagos

Wande22:
For some myopic people here

Last month alone, we spent more than 21million Naira on Diesel in a hospitality company in Lagos

How many extreme poverty Nigerians, earning 30k minimum wage if they are not jobless, and struggling to pay school fees because governors and local government chairmen fail to provide free education, are spending more than 21 million on diesel because they are hospitality companies?

So who is myopic now

aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!

Everything cannot be on at the same time

Government is trying to tax the middle class that APC have long eradicated and the so called rich that is getting poorer by the day due to their shylock policies.

I see no reason for this.

Why are the meters still expensive in a country with so much population? N83500 is damn too much....Why can't meters be portable and affordable @ from 4000 Naira? Let people be allowed to regulate what they consume..... This is just an excuse , 24 hrs light is non negotiable

jmoore:

The question is for those that pay bills by themselves.

And not for those that...

[quote author=aieromon post=129254453]

Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!










NEPA man spotted.

socialmediaman:
The Tinubu government has just increased electricity cost for band A customers to N225 per KPH.

For context, customers in the US pay about the same cost per KPH (or cheaper) depending on the state you live in.

Energy analysts are explaining that Nigerians are willing to pay more if they have access to electricity.

Based on data from NerdWallet, the average monthly electricity cost in the US is about $137 which is about N178,000.

Are you willing to pay N178,000 monthly for electricity for a 24-hour supply?

But I don't spend this much here

I think we need to install prepaid meters

I pay for light bills, gas bill,water and management bills monthly, e never pass 400rmb per month

172.5x400=69,000 naira

Na during cold season I don pay 1300rmb because I used heater very well

BabaRamota1980:


Going back to your samples for North Dakota and Texas, compared with Nigeria, how much money is left in pocket after deducting taxes and bills from the monthly minimum wage income?

Use the following as guide

Who pays Federal Tax on minimum wage?
North Dakota, Texas.

Nigerians on minimum wage of N30,000 or less are exempt on PAYE tax.

Who pays State Tax on minimum wage?

North Dakota.

There is no individual state tax for minimum wage in Nigeria and Texas.

Who pays Local Govt Tax on minimum wage?
North Dakota, Texas.
Nigerians are exempted.

Who contributes into Social Welfare Security?
Same as above.

Who pays deduction for health insurance?
Same as above.

Who pays retail and sales tax?
Same as above.

Who pays mortgage/renters insurance on minimum wage?
North Dakota, Texas
Nigerians do not pay mortgage/renters insurance.

Auto insurance is discretionary for all three.

Who pays utility bills - water, sewage, electricity/gas, waste disposal?
North Dakota, Texas.


...long story short, at end of month, after all deductions, a minimum wage earner in North Dakota and Texas are no better in quality of living than a minimum wage earner in Nigeria. If I complete the list of monthly debts hanging on the neck of a Dakotan, a Texan and a Nigerian, you will understand that the Nigerian minimum wager has far less pressure and comes out better than others. The comparative advantage in Dakota and Texas is safety and security, and even that one sef get k-leg, considering gun laws and rate of ownership amongst psychotic patients in the two NRA leaning states.

Make i drop pen here.

Who says Nigerians don't pay taxes?

We are pushed on every side as Nigerians.

Tax is paid directly and indirectly that is why many companies are folding up rather than thriving and many Nigerians 'caving' in and shouting 'ebinpawa'

Taxes: VAT, Deposits& Transfers 'tax', Fixed deposits tax, Stocks tax, Mutual fund tax, FGN bond tax, Treasury bill tax, shop taxes, agbero@ Motor parks and road taxes, land use charges/ 'ground rent', income tax, property sale tax, letter of administration tax etc.

Sometimes they come even in more than one way at once.

heniford2:
If that happens massive bypass will hit them

And many beating of PHCN staff all over the places.

socialmediaman:
The Tinubu government has just increased electricity cost for band A customers to N225 per KPH.

For context, customers in the US pay about the same cost per KPH (or cheaper) depending on the state you live in.

Energy analysts are explaining that Nigerians are willing to pay more if they have access to electricity.

Based on data from NerdWallet, the average monthly electricity cost in the US is about $137 which is about N178,000.

Are you willing to pay N178,000 monthly for electricity for a 24-hour supply?

Are these clueless people in Abuja willing to increase our minimum wage to what is obtainable in the US?

Meaning you should all forget about constant power supply if you can't afford it.
Tinubu has clarified clearly that electricity supply will be far worse and epileptic under his administration. That is the news he wants you all to understand.

aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!

Power is not cheap, but wages can be low right? A country that pays between 18k-30k as minimum wage yet you believe this is logical.

The average graduate in Nigeria earns between 50-150k monthly. There's cost of feeding, rent, clothing, taxes, transportation... so what's left for the common man? Most of you don't reason before sharing your capitalist views.

justmi1:
why do we have metres ?

Sorry o, welcome to Nigeria

pansophist:
Why use the US as an example? Why not Ghana that have light and we have a larger economy than?

It just be like the guy no rate other African countries at all.

Do Nigerians earn American minimum wage every month lol

SmartPolician:


This is how people fail exams, turn around and blame their lecturers. Answer a simple question and you are here telling a needless story.

To answer the question, I don't think the United States should be used as a benchmark because that country is very rich and we don't operate a dollar economy here. People can afford to pay that in the US, but we cannot.

Come to think of it, we don't import the raw materials we use to generate power. We have gas reserves in Nigeria and hydrothermal energy comes from dams.

How do Ivory Coast and Ghana enjoy steady power? Do they pay up to that? If they don't, we don't have any reason to. ECOWAS subregional countries share so much in common. What works for A should work for B. Those countries should be our yardstick, not almighty America!

thank you

heniford2:
If that happens massive bypass will hit them

massive arrest and find will not you. Piling no dey Taya to collect fine o
Ask motorists and yahoo boys

@SmartPolician

Oga, you say we do not run a dollarized economy but your customs benchmarks duty to the dollar.

You say we do not have a dollar economy but the costs of majority of food items cost as much if not more in dollar terms.

The only cheap service in Nigeria, that is not benchmarked to the dollar, is labour. Every other, in one way of the other, is benchmarked to the dollar. In real terms, majority of Nigerians are dirt-poor.


Nigerians with no critical reasoning liking your post. Make una dey apply critical reasoning skills.

SmartPolician:


This is how people fail exams, turn around and blame their lecturers. Answer a simple question and you are here telling a needless story.

To answer the question, I don't think the United States should be used as a benchmark because that country is very rich and we don't operate a dollar economy here. People can afford to pay that in the US, but we cannot.

Come to think of it, we don't import the raw materials we use to generate power. We have gas reserves in Nigeria and hydrothermal energy comes from dams.

How do Ivory Coast and Ghana enjoy steady power? Do they pay up to that? If they don't, we don't have any reason to. ECOWAS subregional countries share so much in common. What works for A should work for B. Those countries should be our yardstick, not almighty America!

numtums:
minimum wage in the u.s is about $1200 = about N1.5m per month. Are the government willing to pay this?

Ate you willing to pay the taxes so govt can pay it

To be sincere I've given up on Nigeria, there are two problems; the government and the people. If the government changes are the people willing to change?

who your give up epp
Ppl dojú have a choice of hobby changes
They follow like sheep

NaMe4:


Minimum wage should be at least 800k per month.

house do you get minimum wage from lazy ppl
Or you think the money falls from heaven

In America we earn approximately 4 million naira equivalent per month so is the government willing to pay that per month

Winning123:


Do you buy a litre of bottled water for N1300 in Nigeria which is over $1 in the US. I honestly don't know how many of you think.

why you no get sense? can a 30k minimum wage earner afford #250 bottle water daily? Half of his salary has gone taking 2 bottle water daily he will use the remaining money to soak garri but the poor Americans can afford groceries, feed well or go to food banks to eat free food daily and can afford to pay electricity without emptying their minimum wage.

Zxcvbnmghtr:


You mean it's not for ladies who men pay bills for them from their hard earned money because these men are are simps.

But how much is #178,000 monthly for constant electricity. About #6,000 a day.

U just de talk nonsense for here come on shut up ur mouth.

Nigerians are not ready for good governance. I echo what Rotimi Amaechi said ,if truly Nigerians re suffering, they know what to so to demand for good governance. I stated it here on nairaland that Nigeria is in a terrible state now and also being managed poorly cutrently ...when I said on this forum that if only the citizens knew what they are in for, they would all be on the streets demanding for better policies some cursed me. This rise was already predicted by the Economist Intelligence unit as far back as November last year. They also stated recently tgat the Nigerian govt. Is likely to double the VAT rate soon. That will likely happen and the citizens will also whine and go back to ther huzzles to continue suffering.