Money by Zikoko
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Naira Life Vol 125

Naira Life Vol 125

Also: How much does it cost to get a US medical residency from Nigeria?

Toheeb Lanlehin
March 24, 2025

Volume 125

Good morning ☀️

How do you survive on ₦33k a month?

I imagine this is a recurring question among the thousands of corps members nationwide. The 24-year-old in this week’s #NairaLife is one of them and has been figuring that out for the past year. Her ₦43k [Allawee + stipend at the school where she teaches] monthly income barely covers the basics, and she’s mastered the art of stretching every naira. But survival mode isn’t always sustainable.

Then there’s Nora* in this week’s #LoveCurrency, who is learning what it means to be the breadwinner in her marriage. She’s responsible for most of the bills, while her husband struggles to find stable income. How do they navigate this dynamic?

And for Nigerian doctors dreaming of a US medical residency, ambition alone won’t cut it—you need money, too. Two doctors break down just how much it takes to cross that finish line.

Let's get into it.

In this letter:

The Corps Member Doing Her Best to Survive on ₦43k/Month
Love Currency:The Finance Sis Performing Breadwinner Duties With ₦520k/Month
The Cost of Chasing a US Medical Residency from Nigeria
Ask Aunty M: I Hate That My Husband Does Everything, and I Can't Chip in
Where The Money At?!

The #NairaLife of a Corps Member Doing Her Best to Survive on ₦43k/Month

The 24-year-old in this #NairaLife knows how to survive with little. But since the past year, she’s had to reach new levels of money management, thanks to her barely livable NYSC stipend.

This is her #NairaLife

Love Currency: The Finance Sis Performing Breadwinner Duties With ₦520k/Month

Nora* (33) and Greg* (31) have been married for two years.

For #LoveCurrency, Nora talks about Greg’s struggles with keeping a stable income, how they’re making it work and why she has to be careful when discussing finances with him. Read the full story

The Cost of Chasing a US Medical Residency from Nigeria

Matching into a US medical residency is a dream for many Nigerian doctors, but the process comes with a hefty price tag.

Two doctors broke down the full costs of securing a US residency, what it really takes to match, and the steps involved. Read the full breakdown here

Ask Aunty M with Reni

I'm a student and fashion designer. I'm married with two kids and currently have no source of income. My husband provides, but I need more. I pity him, so I tend to manage my resources, but I need more and want more for my kids. I'm tired, confused, and don't know what to do with my life. - Bisi, 23

Hi Bisi. Thanks for writing in. Understandably, you feel a little overwhelmed as you're balancing a lot. It's great that you want to have your own money and contribute to the household -- I'm a big advocate for that. Here are some steps I would follow:

First, look into your strengths and opportunities to make money in your field. I know you're a student, and a full-time job may only be feasible after you graduate, but you are also a fashion designer. Can you monetise this passion by doing freelance work or selling your designs online? You must set clear goals for yourself and your business if you want to start making extra money.

Second, speak to your husband about how you are feeling. You never know…he could think that the amount he is giving you is sufficient because you are managing it and not voicing how you feel. You are married, and communication is key. Try to have an open discussion about your financial needs and whether he can provide more support or support you in taking steps to increase your own income.

Third, seek counsel. You mentioned that you don't know what to do with your life. Is this from the fatigue of managing school, work, home and children? Or is there simply nothing you're interested in pursuing? Motherhood is hard, and sometimes, being able to take a break, rest, and talk to a third party will leave you feeling recharged and energised to start again.

I'm really rooting for you.

Xoxo, Reni

If you're here, you probably have a money or work dilemma. Ask your question and we'll figure out an actionable solution for you.

Where The Money At?!

We can't say we're about the money and not actually help you find the money.

So we've compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.

Again, don’t mention. We gatchu.