Hello everyone, season greetings to you wherever you are at the moment, my fellow Nigerians how unah dey?
In responding to Octoberinleo prompt day fifteen on the topic "how much money do you need to live comfortably? Is it close to the average salary of your country, How difficult or easy is it for you to get that sum"
No doubt that no one will want to live uncomfortable in this era in Nigeria or somewhere else. The high rate and cost of living to make people travel to another man's land for a better life and in search of greener pasture which brings about brain drain in most countries in the name of leaving to abroad.
By living comfortable as the prompt suggest may varies because people happened to have their taste and this tastes comes different, so in living completely comfortable may greatly happened to be in a good and conducive environment, that's the location of a person which may be rural or urban area with same mind people around as in the case of Banana Island, Eko Atlantic in Lagos, Abuja, Ewet housing and shelter Afriq in Uyo and what have you in many other city in Nigeria, same in my country Nigeria, there are places that is occupied by non well to do people in term of money.
In living comfortably in my loving country Nigeria, it is a wish many young youth and older people dream of, although it is all based on our priority and preferences towards life and the kind of lifestyle which the available money and location of our domain will give us.
An estimated cost of living of a single person without family obligations and much finance assistance calling from a minor body needs at least ₦100,000 for a month although this amount may greatly differ compared to other cities with a higher cost of living such as Lagos and Abuja compared to minor cities. Imagine if the minimum salary in Nigeria is fixed at ₦30,000, it will be very difficult to meet the end needs.
A cross search of salary ending estimated to range from
₦1.Millions down to ₦20,000 per month, note it's not a steep salary for all enterprises and companies in Nigeria, I'm sure many Nigerians earn much more than what I have here and their pay is pretty juicy making them live comfortable as expected and at the same time some other occupants of the minor cities and rural domain end lower than what I have here.
Approximately a single person in Nigeria without a car may roughly spend the estimated amount per month
Rent Per Month_: ₦80,000 - ₦150,000
Food stuff and Groceries_: ₦50,000
Clothing and Shoes_: ₦30,000
Utilities (Monthly): ₦10,000
Transportation: ₦10,000 to ₦ 15,000
Personal and Health Care_: ₦10,000 if nature calls.
Note this estimation varies from individual and the location of the domain of the person above all the choices and lifestyle of the person involved. Some people living in higher cost cities will agree that they spent 1.5m to 800,000 on food and other necessities per month.
To avoid looking like the poor economy of the country, an individual should be wise in all ramifications especially financially, a person should be able to choose wisely the best place to live in Nigeria, eating out at times maybe more expensive to home made meal above all do not stay idle while spending the money your have in account. I know and believe that every Nigerian can survive and live comfortably if he puts the skills of adaptability, financial aid etc then comfortable is just a mere word.
Thanks for stopping by my blog.
The source of the pictures used:
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Posted Using InLeo Alpha
Leaving is departing, living is staying. Your article seems to confuse the two a lot.
Try getting your article writeproofed through chat gpt or even Google.
Also to make it easier on your international audience also put the Naira amount in USD under parenthesis.
Finally there is a somewhat distorted view on how people live and how people want to live. So everyone will say, how can you make a living on this salary. While the actual fact is they are. It's not what you want to earn, is what you are actually spending.
Finally the recent inflation might have to do with the cost of goods becoming more expensive to move around so the distribution makes things that where once abundant become hard to find at an increased price.
Another factor to take account of e competitiveness, the more people competing in the same industry, the less they will earn. The more people that live in the same city, the more the cost of living will be. This is just regular supply and demand economics. Life might be easier for the ones that practice a very demand but poorly offered career, while life could be very hard for the over that work on a very low skilled and abundant position.
Finding the sweet spot of maybe moving to smaller towns with less professional competition will bring you great wealth as people will demand your service or product and only you and other guy provides it.