“$5,000 abroad feels richer than ₦30 million in Nigeria” – X user sparks debate with viral video

A user on X has sparked discussions across social media by posting a video that compares the realities of living in Nigeria with ₦30 million to living abroad on just $5,000. 

In the video, the speaker argues that despite the significant difference in currency value, the peace of mind, stability, and infrastructure available abroad make $5,000 more functional than ₦30 million in Nigeria

“I’m not saying people are not living well in Nigeria. But the kind of pressure that will be on ₦30 million is different. One bad policy can wipe it out. No insurance. The economy is unstable. But $5,000 abroad will always be $5,000.”

He clarified how simple financial systems like car leasing, home mortgages, and international insurance enable individuals to maintain a decent living with minimal income—unlike in Nigeria, where money faces constant pressures from various fronts.

“With $5,000, you can deposit for a car, get a small condo, and still have peace. In Nigeria, with ₦30 million, you’re spending on taxes, agberos, police, lesson teachers, and even feeding the same teacher that comes to teach your child at home.”

The speaker also highlighted how insecurity, inflation, and inconsistent government policies make wealth unpredictable in Nigeria—while a basic salary abroad can cover essential needs without added stress.

“One fire outbreak in Nigeria, and it’s all gone. No insurance. But someone abroad can bounce back. Even kids are eating in school. No lesson teacher drama.”

The video has gone viral, with many Nigerians online agreeing with the sentiment, especially those who have experienced both perspectives. However, some argued that the quality of life also depends on perspective, responsibilities, and personal goals.

Watch the video below…