datguru: how do the masses benefit from this ?

buchisom1: Clap for Nigeria

oladayo042: Stop being 'the masses'. Do you want to die 'masses'?

The report says more than 23000 Nigerians will have investible assets above $1m by 2017. 23000 is a whole lot of people; I want to be among them.

priscaoge:





Are u guys members of Nairaland?

Nairaland = Space Bookers Association of Nairaland

oladayo042: Stop being 'the masses'. Do you want to die 'masses'?
The report says more than 23000 Nigerians will have investible assets above $1m by 2017. 23000 is a whole lot of people; I want to be among them.

Airforce1:

Clap for Goodluck jonathan

rozayx5: true

Horlawoomey:

Are you also a member of SBHAN ?

SBHAN = #Space Bookers Hunters Association of Nairaland #

priscaoge:





Are u guys members of Nairaland?

Nairaland = Space Bookers Association of Nairaland

priscaoge:
Yes..Infact na me be d CEO of that Association

2sExy1: Nigerian millionaires will climb by 47 per cent in the next four years, this is according to a report by New World Wealth.
The number of Nigerians with investable assets of at least 1 million US dollars will jump 23 thousand by 2017. PHOTO: Getty Images

The report that was released earlier this week also said that the growth in high net worth individuals is linked to the country’s GDP, the local equity market and the local real estate amongst other factors.

“We look at a number of factors, we look at trends in the market, the historical growth factors, we look at GDP growth going forward, the forecast on that and we try make estimates on how we think the property market and the real estate market is going to perform,” Andrew Amoils, Analyst at New World Wealth told CNBC Africa.

The report also suggested that the number of Nigerians with investable assets of at least 1 million US dollars will jump 23 thousand by 2017. Amoils believes that the key is historical trend as a country that has grown quite strongly will continue to do assuming it starts from a relatively low base as Nigeria does.

Nigerian millionaires set to grow
The number of millionaires in Nigeria will climb 47% in the next four years. That's according to analysts at New World Wealth.

“We look at wealth according to the number of people that have made one million dollars from a sector so it doesn’t necessarily correlate to the growth of that sector. For instance, there’s a lot of countries like Vietnam which hasn’t had strong index real estate growth in the last six years, but the number of people who have made money from the real estate has been astronomical,” he explained.

Nigeria’s economy has expanded on average of 8.2 per cent annually since 1999 and has the third highest number of millionaires on the continent after South Africa and Egypt.

The report also found that about 26 per cent of Nigeria’s 82 billion dollars wealth was offshore last year, with the bulk of the private banking funds deposited in the UK, Switzerland and the Channel Islands.

“That trend is common globally, it is a relatively high percentage for an African country obviously, there’s a lot of Nigerian people that have money in the UK and Switzerland, and property in those countries,” he said.

Amoils believes that the under developed private banking in Nigeria makes most high net worth individuals go offshore for investment banking with big international banks.


http://www.cnbcafrica.com/news/western-africa/2014/03/07/nigerian-millionaires-on-the-rise/

Horlawoomey:

You are a good hunter for hunting down 4 SBANs at a go

3 cartons of Alomo bitters for you

iheanyi40: I c myself being a millionaire b4 d age of 30
So help me God

iheanyi40: I c myself being a millionaire b4 d age of 30
So help me God

boneruns: At what point is someone is categorized as being a 'millionaire'?

Am I a millionaire if I have an asset or savings of One Million?

What exactly are the criteria?

boneruns: At what point is someone is categorized as being a 'millionaire'?

Am I a millionaire if I have an asset or savings of One Million?

What exactly are the criteria?

oladayo042: Stop being 'the masses'. Do you want to die 'masses'?

The report says more than 23000 Nigerians will have investible assets above $1m by 2017. 23000 is a whole lot of people; I want to be among them.

otijah: what about the poor? What is their faith in the next 4 yrs

Olekumaster: I just dont want to be rich, i want to change lives for better. I want to live a life of meaning. So help me God

otijah: what about the poor? What is their faith in the next 4 yrs

iheanyi40: I c myself being a millionaire b4 d age of 30
So help me God

safarigirl: I tire for Nigerians, wetin concern pesin with 'the masses'? Hustle for yourself first, after all nobody follow pesin come this world

otijah: what about the poor? What is their faith in the next 4 yrs