MoneybyZikoko: What Can Nigerians Afford on ₦30k vs ₦4m?

Good morning, ☀️

We don’t know a ton about money, but I think we collectively know it shapes how we live. But now, the question is, does it really define happiness? The answer(s) depends on whom you ask.

But this week’s stories, on different levels, dig into that question. For example,the 32-year-old on Naira Life has achieved almost everything he thought he wanted—multiple financial goals checked off and a better quality of life. But as it turns out, hitting the targets doesn’t always guarantee fulfilment.

Then there’s the hairdresser on Love Currency, who earns ₦25k per month and is in a long-distance marriage. Living in the same space as her husband would make her happy, but as you can guess, making that happen is a relatively complex process.

And finally, if you’re curious what life looks like across different income brackets, we have just the story for you. From ₦30k to ₦4m, six Nigerians break down what their income can do for them —from necessities to luxuries (or the lack thereof).

Let’s jump in.

In this letter:

• • #NairaLife: He’s Hit Most of His Financial Goals but Is Still Unhappy
  • Love Currency:The Hairdresser in a Long-Distance Marriage on a ₦25k/Month Income
  • 6 Nigerians Earning Between ₦30k and ₦4m Open Up About the Lives They Can Afford

• Where The Money At?!

Despite several obstacles, the 32-year-old in this #NairaLife managed to pull himself out of poverty and hit multiple financial goals. His quality of life is at the best it’s ever been, and he should feel fulfilled. But he’s not.

Not until he figures out how to be happy.

Read his #NairaLife here

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Ajoke* (31) and Bolaji* (32) have been married for five years and have weathered many storms. First, it was money trouble and personality differences. Now, they’re on different continents.

Ajoke talks about how their marriage works despite the distance and limited incomes.

Find the full story here

What kind of life can the average Nigerian afford? We asked six Nigerians, each with a different income, to tell us what they can (or can’t) do with their income.

This is what they said