House rent in Nigeria is one of the cheapest in the world if compared especially to the western world. The amount mentioned at 130k is less than 200 dollars for a room in a year, Imagine. The cost of building the same house is high and owners are not likely to breakeven on the investement in 30 years, so my conclusion is the purchasing capacity of Nigerians in low. Let everyone including students have abillity to work even just 5 hours daily and earn 50k in a month, it wont be difficult to pay the 130k at the end of the year.
Just as you think Nigerians house rent is the cheapest in the World, so the currency naira (#) is the cheapest in values.
You evaluated #130K to $200, according to you, #130K is cheap but how possible and flexible is it to be obtained of achieved for the common and struggling citizens?
Interestingly how you said purchasing capacity in Nigeria is low as compared to that of the Western World @royalfestus, I would love to know.... What is the evaluation rate of the USD and the Naira in an exchange rate including valuabilities of tendering for an exchange of goods and services?
I guess the naira na no capacity purchasing power in both homes and abroads which has perished most of the visitors of Naira to USD exchange.
Please I will be interested to know the daily jobs one of a student can do and gets pay counts by hours just as you mentioned (5hours) because to my best of finding, even non students and graduated students are jobless because there is no job.
I would also love to know this @royalfestus, between the western governments and the Nigerian governments, who is on the better state of concerns and taking responsibilities towards its citizens welfares?
My conclusion is that Nigeria government needs a wakeup thought and be concerned and sticks to the welfares of the citizens and the masses as a whole because the government is just running a blindly, defy and dumby governance carelessly without considering the welfares of the masses.