"You Can Save N895k Monthly": Man Counters Air Peace CEO, Explains Why Earning £2000 in UK is Better
- A Nigerian man took time to explain why it is better to earn £2000 (over N3.5 million) in the UK than earn N200,000 in Nigeria
- The man, Tosin Olugbenga, noted that anyone who lived in the UK and earned £2000 could conveniently save up £500 (over N895k) monthly
- He said after 10 years of savings, someone earning £2000 in the UK could move to Nigeria and invest, unlike someone who earned N200k for that period of time
A Nigerian man has said the claim that someone earning N200,000 in Nigeria is better than someone earning £2000 in the UK, does not hold water.
Tosin Olugbenga took time to counter the statement attributed to Air Peace CEO, Allen Onyema, who said someone earning £2000 in the UK was not financially well-off.
Source: UGC
The statement sparked social media reactions. Lending his voice to the debate, Tosin noted that there were loopholes in it. He stated that anyone who earned £2000 in the UK could save up to £500 monthly.
His words:
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"If you live in the UK and earn £2000 per month, there are tendencies that you will not be living in London even if you work in the city. And if your work is remote-friendly, you will usually work from home.
"If you are single, your monthly bills and expenses take £1500, you can conveniently save £500 monthly. If you are married, together with your spouse you make an average of £3500 monthly after tax, after deducting your family expenses, you can conveniently save at least £2000 monthly or even say £1500."
Tosin noted that with proper planning, someone who saved £500 monthly in the UK for 10 years could return to Nigeria and become more financially empowered than their counterpart who earned N200k.
See the full post below:
Reactions to debate about UK/Nigeria earnings
@calypso042 said:
"You can't have savings if you earn 200k and you live alone in Lagos. Except you're living under the bridge."
@eniolarotinwa asked:
"What about taxes? Are we saying £2k after tax?"
@adio_afolabi commented:
"I am not sure if you live in the UK . A family ( 2 kids) with a joint income of £5000 will struggle to save £500. A single person making £2000 a month = £0 savings."
Lady earning N70k sacked from her job
Meanwhile, a Nigerian lady who got a job with a real estate company was relieved of her appointment after a disagreement.
The lady shared her story on TikTok, saying for all the jobs she did at the company, she was placed on a monthly salary of N70,000.
Jimmy Julia said trouble started when she was asked to come to work on a Saturday, and she refused.
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Source: Legit.ng
