Can you survive on ₦30K monthly income in Nigeria?

₦30,000 is roughly $75 dollars in today’s current exchange rate.

The average monthly salary in Nigeria is within the range of ₦150K to ₦250K. ₦30K represents the lowest average monthly earning of a Nigerian worker – yet a shockingly large number of working Nigerians fall under this average.

What’s more shocking is the many other millions of unemployed Nigerians currently not earning a monthly income at all.

What can ₦30K buy in Nigeria today?

Earning ₦30K a month means a total of ₦360K in annual earnings. The cheapest apartments in Lagos comes at a rent of at least ₦5K monthly (₦60K yearly).

This would most likely be a single room apartment with shared toilet and bathroom – what Lagos residents call “Face Me – I Face You“.

If you spend ₦1500 on feeding daily (this is the lowest average daily feeding allowance we gathered in Lagos) that will come to:

N500 daily for breakfast, lunch and dinner

N1500 x 30days = N45000

This has gone over your income by N15K, meaning you have nothing left for rent, transport, data, clothing and others. So the answer is NO – you cannot survive on a N30K monthly income in Nigeria.

The only way one can survive on a ₦30K monthly income in Nigeria is if:

a. you still live with your parents (so rent and feeding are covered)

b. you are very unmarried and completely single (you have no business going on a date with anyone or incurring relationship expenses)

c. you are not a heavy eater and is completely healthy.

With a 30K naira monthly income, even medical bills is a luxury you cannot afford.

Even with all the aforementioned conditions, you can only survive on a ₦30K monthly income, not thrive. With a ₦30K monthly income, you cannot afford even the tiniest bit of luxury.

Here is what other Nigerians are saying:

Share this post with your friends:

dnbstories

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Meet Jacqueline Ray - the actress once married to Tom Selleck

Sat Jun 6 , 2020
Jacqueline Ray is a 68-year-old TV actress best known for role in the American crime drama television series Magnum P.I where she played Lisa. The series ran for eight years (from 1980 to 1988) on the CBS network. Jacqueline Ray also appeared in the 1967 American parody film “In Like […]