989900:




Why would you do such a thing?

comradeodunze:
Your mentee took a loan to go build a house he will probably not stay in it for a month combined... he is on a long thing. Do me a favor, ask him how many times he has been to that mansion of his at Lekki. On a good day though, he can still pay off the loans . People need to understand that Economies are structured differently. Aside from this, education will open the door to many opportunities. When I mention education, I mean an inclusive one. The argument about people paying mortgages and loans does not suffice no matter what the statistics says. Let's take a step back and discuss about brothers, sisters and friends including foes that have been presented with financial help to establish or reestablish businesses and failed; mind you they are being helped by the same people most of you deride as being 'slaves' in another man's land. Note, most family members have ordinarily sent more than the mentioned amount to their family members to start one business or the other and yet nothing to show for it. The crux of it all is, if you choose to use the money to establish a business, get educated, be informed before you jump into it. The richest business men and women still owe, however, they can afford to pay. Omo the money is enticing, but proper planning and education will take you far with the money.

kilokeys:
I have seen millions go just like that... Guys wake up.. It ain't 20 mill dollars..


An average engineer earns 125,000 dollars per annum..

Equivalent to abt 25 million naira..

So what d heck.. With mortgage, security and loans and a chance at a better life... Knowing I could make that amount every year..

God punish 20 million naira

Alezy:
God bless u

mufasaus:
I just came back from Nigeria and I have been living in the US for almost 20 something years after graduating from Unilag with an engineering degree so I know USA very well and I have done quite a lot of business in Nigeria and I know Nigeria very well.

Please do not and I repeat NEVER equalize a USA green card with 50 million in Nigeria. They are not the same. If you work very hard in the USA and plan your life very well and not extravagant. You can easily become a millionaire in USA dollars within a short period of time.

Some of my colleagues children who own businesses and a dozen of houses in high brow area in Lagos can not even secure a job.

Please take a green card over any amount of money given to you in Nigeria any day and any time.

Do you know, you can even start a business from USA to Nigeria and vice versa and make #20m in a month.

I have friends here in the USA who are not lazy and not extravagant and plan their life very well. Some are working, investing their money and some are doing businesses between Nigeria and USA. All of them I know at least a minimum of 10 own a minimum of 1 million US dollars in assets. One of my friend lost his job about 5 years ago and he is only buying used laptops and sell in bulk in Nigeria. He just bought another investment property in New York for $450,000 and paid cash. All of us came to USA with nothing more than $100 in our pocket.

bejeria101:


Green card? Iya oyo amala joint dey there? Abeg hold your card biko hehehe

eldega:



wouldnt take time to identify a thief when u see one.........choose 1 but u want the two to ursef, typical nigerian lady

mufasaus:
The difference between Femi Otedola and those that I am talking about is they earned their money honestly and nobody have to suffer or live in an unjust society. To average Nigeria $450,000 is a lot of money but if you live in USA and work very hard, plan your life, it is nothing. I know Nigerians here who work for Investment Bank and their bonus alone is over $10m. May be you guys only hang out with the wrong crowd.

By the way, the guy who bought the $450,000 investment property is not only selling laptops alone, he does a lot more, he owns the Mr Biggs in Challenge in Ibadan, owns supermarket and he has a business he runs in the US too. I am not saying everybody can achieve this but it is much easier here if you work very hard, you don't need to kiss anybody's ass and the law will work for unlike in Nigeria where you can open a business and the authority can shut you down if you mess with the wrong person.

magicminister:
[size=20pt]Hmmm

I will take green card[/size]

If I get a green card to u.s. and I am allowed to enjoy the benefits american citizens enjoy, I can make back that 20 million and even more within 2 years after acquiring a college degree from u.s.....

Looking at things from another angle, 20 million naira is less than 200 thousand dollars and the average folks in u.s. go homr with about 50-80k dollars after tax.
The smarter choice would be the green card.
The easier choice is 20 million.


Disclaimer
I have been greatly criticized for my choice by some people that think it makes no sense so I feel the need to tell you guys a real life story.
My hitherto unemployed friend whom we fondly called fabulous won the us visa lottery about 2 years ago.
Now he is in the united states. He works in walmart or one of the huge stores.
He now owns his own home (three bed room apartment) and recently bought a brand new car.
He is currently pursuing a part time degree in a university and at same time working his walmart shift.
He enjoys the best healthcare, best gyms, 24/7 light and good roads. That alone will add another 5 years to his life and that is worth more than 20 milla looool

Currently, his wage is below the average income in the united states because he has no tetiary education u.s. and the nigerian degeee is not regarded.
He is working hard towards attaining a degree in accounting.

Even with 20million, he cannot enjoy such opportunities in Nigeria.

P.s. 20million cannot buy you a u.s. greencard like some people are insinuating

20 million is huge to some extent but it cannot buy you a house in ikeja or lekki phase1 or v.g.c. or ikoyi.

20 million cannot launch you a large scale business nor cannot it let you into the oil downstream sector.



Keep that at the back of your mind.


Do you ever wonder why most folks that cross over dont wanna come back??

Empero1:


What a myopic viewpoint! Going by your analysis, someone like Femi Otedola started his business in Nigeria less than 20 years ago and today he's a billionaire in U.S. dollars. So, what are you saying?

LONGFELLOW02:
20million Naira. .

20million is enuf for me to start Good agricultural business and My Political career.

4ck green card
4ck any country
4ck d government

Naija is My Home. . .

ttmacoy:
While I agree that N20 million is a lot of money, basing your calculation on $10 per hour is not taking into consideration people with good jobs who earn more.

I work in the Consulting sector and know people who work in Consulting and banking etc in the US who earn 6 figures and those quite senior who earn 7 figures in dollars. it all depends. MBA grads entering consulting start on $145k excluding bonus so will they be impressed with a one off $100k payment? That depends on the individual.

For those who are earning lower level pay or who are business inclined and have good ideas, then you are right N20 million is something to be considered but it doesn't guarantee financial success. That N20 million can be multiplied in a few years or lost in a few years.

It all depends on the opportunities available to you.

mufasaus:
The difference between Femi Otedola and those that I am talking about is they earned their money honestly and nobody have to suffer or live in an unjust society. To average Nigeria $450,000 is a lot of money but if you live in USA and work very hard, plan your life, it is nothing. I know Nigerians here who work for Investment Bank and their bonus alone is over $10m. May be you guys only hang out with the wrong crowd.

By the way, the guy who bought the $450,000 investment property is not only selling laptops alone, he does a lot more, he owns the Mr Biggs in Challenge in Ibadan, owns supermarket and he has a business he runs in the US too. I am not saying everybody can achieve this but it is much easier here if you work very hard, you don't need to kiss anybody's ass and the law will work for unlike in Nigeria where you can open a business and the authority can shut you down if you mess with the wrong person.

wilcox:
How can green card give me 10 million in two months legitimately? But with 20 million I can make additional 10 to 12 million in a legit business transaction within 45 days. make the most hold their green card whenever I feel like throwing cash around, can easily cough out 3 to 4million and give myself and my family a good treat in any country of my choice Atleast 3times a year.
Bro and sis, to make money is difficult but not when you have 20million and know the right track principles to apply.

Blackkie:
GREEN CARD!
It will redefine success for in inside out.

Give me a GREEN CARD today, call me back in 24 months and i will give you N20million with thanks!

sleek82:
im not sure you understand wat that word 'myopic' means. You mentioned Femi Otedola, do you know how femi started his biz? Pls go read about him

mufasaus:
The difference between Femi Otedola and those that I am talking about is they earned their money honestly and nobody have to suffer or live in an unjust society. To average Nigeria $450,000 is a lot of money but if you live in USA and work very hard, plan your life, it is nothing. I know Nigerians here who work for Investment Bank and their bonus alone is over $10m. May be you guys only hang out with the wrong crowd.

By the way, the guy who bought the $450,000 investment property is not only selling laptops alone, he does a lot more, he owns the Mr Biggs in Challenge in Ibadan, owns supermarket and he has a business he runs in the US too. I am not saying everybody can achieve this but it is much easier here if you work very hard, you don't need to kiss anybody's ass and the law will work for unlike in Nigeria where you can open a business and the authority can shut you down if you mess with the wrong person.

ayodele234:


People who earn 150k annually still take loans to send their kids to school in America. In 2015 America earning $100,000 is nothing. After tax you will be left with $69,000 which barely pays the bills if you are living in a rented apartment that cost $1,500 monthly.

cococandy:

So if you earn 100,000 dollars in America you pay 31,000 in taxes and of home tog 69,000?

I've read all sorts of things on this thread today.