ahiboilandgas:
if u move to other state it even less with 50k weekly u live well in k.d ,jos ibadan ,enugu...aside Lagos,abuja ,port Harcourt....poping champagne is not part of living well ,or paying exhorbitant school fees .....nigeria student that went to average school like king college are still smaching gmats and doing phd in america ....there are no static to show that b.i.s kid got more brain

ahiboilandgas:
if u move to other state it even less with 50k weekly u live well in k.d ,jos ibadan ,enugu...aside Lagos,abuja ,port Harcourt....poping champagne is not part of living well ,or paying exhorbitant school fees .....nigeria student that went to average school like king college are still smaching gmats and doing phd in america ....there are no static to show that b.i.s kid got more brain

Wanity:



I wanted to insult but I won't just to avoid ban.

What point are you trying to make

Is none of your business how he spend his income.

He clearly make a statement about himself not you or the low income Nigerians as you

I don't know what you people gain from pushing politics where is not relevant or mentioned

ahiboilandgas:
wishing u well in your insulting adventure

ojesymsym:
What is the inflation rate in Zimbabwe and Venezuela and tell me how it is the same with Nigeria.

TotoNaRubber:
The problem is the technical know-how. The Nigerian economy is being run anyhow, there are no proper decision making board who makes beneficial foreign investors policies.

The ones that are there collect bribe and do the basic minimum to retain their jobs, the ones that know what to do are not even employed in that sector, so it's a Nigerian governance/culture problem.

The inflation rate in Nigeria is as bad as Zimbabwe/Venezuela, if i was in the Nigerian foreign investors policy making board, part of the bargain for foreign invetors will be to invest 30 percent of the liquid assets in the real economy to employ at least 500 Nigerians depending on the size of the company, could be lower then reduce taxes for these companies in certain capital expenditure.

Any foreign investor who invests in Nigeria deserves a reward apart from all these Lotto, Baba ijebu Lebanese thieves, Nigeria is run on inflation, the cost of living doesn't reflect the quality of service received. It will cost you N40k per day to live a good life in Nigeria if you factor in cost of medical expenses, security, electricity, food, stress meanwhile you could enjoy this same quality of life for less than N15k per day in a developed country.

ojesymsym:
You guys will just come online and throw unsubstantiated accusations, pluck fake statistics from thin air. How can anyone say our inflation rate is as high as Venezuela and Zimbabwe?
You say we need 40k a day in Nigeria to survive? Why are we not all dead then?

Abeg let us leave this thread for TB, there is section for politics when we can churn out statistics the way we like.

TotoNaRubber:
I will explain this in details, the statistics of 40k per day inflation rate to live a good life in Nigeria is real. Let us start with housing;


I collected some information ahiboilandgas posted;
Lagos rent - 1.5m
Car - 2.5m
Nepa - 480k
Fuel - 240k
Calls - 180k
Dstv - 140k
Food - 3 person 1.2m
School fees - 1.5m (for a bit above average schools)
Data - 120k
September holiday - N3m
Car for madam - N2.5m
Hospital(Nhis) - (This could go up to N1m or more depending on bad roads, poor health facilities, dangote truck failing break)
Cloths - 500k

If you add up this value and divide by 365 days, you will ariive at N40k per day.

IamR:

He is right. Most of us in Nigeria are just existing.

TotoNaRubber:
I will explain this in details, the statistics of 40k per day inflation rate to live a good life in Nigeria is real. Let us start with housing;


I collected some information ahiboilandgas posted;
Lagos rent - 1.5m
Car - 2.5m
Nepa - 480k
Fuel - 240k
Calls - 180k
Dstv - 140k
Food - 3 person 1.2m
School fees - 1.5m (for a bit above average schools)
Data - 120k
September holiday - N3m
Car for madam - N2.5m
Hospital(Nhis) - (This could go up to N1m or more depending on bad roads, poor health facilities, dangote truck failing break)
Cloths - 500k

If you add up this value and divide by 365 days, you will ariive at N40k per day.

ahiboilandgas:
correct guy but i be financial analyst....the 2.5m car is it annually or purchase price ...if its for purchase ?u can put it as recurrent expenditure cos it an ewuipment to aid service so u do depression over 5 years ...meaning in 5 years time the car will be sold for 1.5m .and 1 m gone over 5 years bring the cost to 250 per year for 2 cars 500 k ....meaning your 5m million budget is now 500 k annually

TotoNaRubber:
I will explain this in details, the statistics of 40k per day inflation rate to live a good life in Nigeria is real. Let us start with housing;


I collected some information ahiboilandgas posted;
Lagos rent - 1.5m
Car - 2.5m
Nepa - 480k
Fuel - 240k
Calls - 180k
Dstv - 140k
Food - 3 person 1.2m
School fees - 1.5m (for a bit above average schools)
Data - 120k
September holiday - N3m
Car for madam - N2.5m
Hospital(Nhis) - (This could go up to N1m or more depending on bad roads, poor health facilities, dangote truck failing break)
Cloths - 500k

If you add up this value and divide by 365 days, you will ariive at N40k per day.

ojesymsym:
Average rent for 3 bedroom in Lagos is not 1.5m. not everyone stays inside lekki. Do you buy a car very year? So you as a person will agree to pay phcn 40k a month when you are not running a factory? 180k for calls annually when they are not business calls which in that case it becomes an investment.
I can contend food but I'd leave that for now.
September holiday is an optional activity. If the whole country go on holiday in September, who go run the airport when u wan follow commot.
Haba, make una de fear God.

ojesymsym:
Average rent for 3 bedroom in Lagos is not 1.5m. not everyone stays inside lekki. Do you buy a car very year? So you as a person will agree to pay phcn 40k a month when you are not running a factory? 180k for calls annually when they are not business calls which in that case it becomes an investment.
I can contend food but I'd leave that for now.
September holiday is an optional activity. If the whole country go on holiday in September, who go run the airport when u wan follow commot.
Haba, make una de fear God.

OgogoroFreak:
it's exaggerated bro. How can you believe we need about 1.2m monthly to live a good life in Nigeria?

ahiboilandgas:
But i know several people that expend over 50k daily to live in Nigeria but they anit normal average nigeria ....my Lebanese Neigbour stays in 6m annual rent duplex ,he has 2 mopol gaurding 50 each each 2 drivers 50k each 3 cars 1 house girl/cook 30k ,a nanny 30k ,2 gate men on shift 50k ,....24 hours electricty 5 k daily etc he clears all mtn goods coming to nigeria . .....a bdc relocated permantly to a hotel suit in the island on a discount of 25k daily ....he has been there for 2 years now ....when i tried to advice him he told me its cheaper than renting,runing,maintaning a house plus donestic staff

TotoNaRubber:
haha my broda things are happening o.
Nigerians are big spenders when it comes to holiday especially the ones with families. flight for 3 persons for holiday don chop N1m, hotel never enter, activities never enter, shopping never enter.

OgogoroFreak:
it's exaggerated bro. How can you believe we need about 1.2m monthly to live a good life in Nigeria?

TotoNaRubber:
The car valued at N5 million per day is due to lack of effective insurance policy that compensates car owners as soon as problem arises, most Nigerian insurance companies will makes investigation tire before they pay out, i believe you are in the transport business and know how insurance payments systems work.

You have to provide a car for yourself as soon as a problem arise and problems will arise, you will not wait for the insurance company for months before you get back to business. The 5m is a safe figure to take you from point A to point B from January to December, ofcourse no ne buys a car everyday but yu need to factor in that cost everyday due to bad roads, poor public transport system, bad mechanics etc.

Yes you are right, over time the car depreciates as well, a 2.5m car that goes through Nigerian roads could sell for N500k after 2 years.

TotoNaRubber:
haha my broda things are happening o.
Nigerians are big spenders when it comes to holiday especially the ones with families. flight for 3 persons for holiday don chop N1m, hotel never enter, activities never enter, shopping never enter.

ahiboilandgas:
But i know several people that expend over 50k daily to live in Nigeria but they anit normal average nigeria ....my Lebanese Neigbour stays in 6m annual rent duplex ,he has 2 mopol gaurding 50 each each 2 drivers 50k each 3 cars 1 house girl/cook 30k ,a nanny 30k ,2 gate men on shift 50k ,....24 hours electricty 5 k daily etc he clears all mtn goods coming to nigeria . .....a bdc relocated permantly to a hotel suit in the island on a discount of 25k daily ....he has been there for 2 years now ....when i tried to advice him he told me its cheaper than renting,runing,maintaning a house plus donestic staff

Nigsrdumb:


Sir toto, this issues are the same everywhere, I pay 2600 euro per annum for insurance.

When I woke up this morning to check my car , some random stranger smashed my rear fog lights on my precious Toyota and ripped off part of the bumper.

My insurance does not cover that type of damage, also investigations can take up to a year

My point is that Nigeria is cheaper to live in, it's just very disorganized.

healthserve:



Boss seriously 1.2m monthly in today's naija is a fairly good projection giving today's trends o. 1.2m per month sef is small o

healthserve:



Boss seriously 1.2m monthly in today's naija is a fairly good projection giving today's trends o. 1.2m per month sef is small o

OgogoroFreak:
Spending 1.2m monthly is different from earning 1.2m monthly

ojesymsym:
I swear suppose I non de Naija, I for think say na another country una de talk about. Check listing sites before you reply me, most 1.5m are for detached duplexes. Most people who can afford to rent a duplex are more likely to be able to afford to build their own house.
Housing for 3 bedroom in kubwa, Ajah axis is way less than that 1.5m. Ibadan is far cheaper. Abi make all of us relocate to garki Abuja.

healthserve:



Boss calm down na


In Ibadan, yes, apartments can be gotten for even 300kper year but with which work in such vicinity? And other mede mede to go along Sir?


Yes, apartments are fairly affordable in Kubwa but yet again locality issues. If we use Jabi take make this analysis, you go see say TotoNaRubber wasnt wrong


To me the discuss is about the right amount to have to stay balanced and have an enjoyable life not that people don't exist below those earnings but just a fairly good lifestyle. And I'd say 1.2m isn't bad projection on monthly expenses in decent urban areas


BTW not everywhere with affordable housing is good to raise children. God knows I can't raise kids in environment where the environs would influence them negatively. Lai lai

TotoNaRubber:
This is the fact that most people don't know, if this your neighbor goes to Lebanon, he will not pay such amount for duplex, he will not have mopol guarding him, he will not have a driver, he will not have gate man. His cost goes down to less than N15k per day.