jedisco:


Lets always remember that the reason over 90% of Nigerians either identify as Christians or Muslims is mainly because other groups or nations forcefully spread their religion to us thru conquest.
If homosexual relationships were legal in the UK as of the time of colonialism, just like we speak english, we'd be singing a different tune.

Homosexuality hardly the world problem today. We have our women openly soliciting sex on our streets and people like you picking them up and coming to brag on NL. Let's start with that.

no I cannot risk destroying my kids with my money!in places where unnatural act is been promoted. They now targeting kids in public school when Nigeria parent are busy working shift before you know you have this nonsense as a kid

jedisco:


Japarians are suffering but can at least return 20b usd after sorting tax, accomodation e.t.c

How much would the 10 million out of school kids produce when they are grown?

Dude, you know me. I discuss facts not emotional opinions.

which tax and accommodation his Nigerian don sort ! This Man stop misleading people.

IbeOkehie:


I'd advise anyone living in the UK or abroad to ignore these guys like Treadway, Ahiboilandgas etc. They're trolling. It was people like this that instigated me join Nairaland, their posts were so denigrating to Nigeria Diasporans and at the same time so blatantly unreasonable & untrue, that I felt pushed to respond. I first came across this sort of thing with another one named Ozoemeka, maybe 5 years ago. I just laughed and that's what I should have done here.

I even tried to inject credibility by using my real name. None of these guys can do that because it would expose their psychology.

I can tell from your posts you're an intelligent fellow who has taken time to study the macroeconomics of Nigeria. If a majority of Nigerians took the time to do that the country would be a very different place. Strangely enough our people see that as a waste of time while living with the results of their ignorance. Yes, there's nothing like fuel subsidy in Nigeria Indeed.

It's hard, I know that first hand, I was warned by some here and didn't take the advice.....just try and ignore them.

Happy New Year to you and yours. This 2023 is going to be great.

we are saving life's. There no money tree in Europe .don't let travel agent make you sell your successful business don't sell your houses and borrow money to JAPA

erico2k2:

Look at you talking about HQ, ask yourself where did you think P square made thier first brake? was it not in North London?
ALl others you mentioned where did you think they made initial money to move up? you think it was by selling N100 CDs?
Look all these political heavy weight ie Jagaban we have today vast majority of them have two passports. even PMB went to school here in England at some point.

Changing topic within the main topic to divert attention to endless argument.

Typical tactic of unintelligent people. Goodbye but thank God I left you with pearls of truth.

If you like continue to look down on Nigeria and think people here can't make it AKA wallow in your delusion or accept truth and grow from there.

jedisco:


Read my post- used Budget not GDP

The diasporan remittance for 2021 was 20b usd
The national budget for 2021 was 13.6 trillion equating to between 27b usd - 35 b usd depending on the prevailing exchange rate used at the time ( cbn or parallel)

Remittance sent home by individuals is spare money left after attending to necessities where they're based.

The GDP comparison is equally impressive when you take into cognisance that GDP is one measure of the total economic activity... i.e stocks, oil nd gas, telecommunication, businesses in different sectors e.t.c


Money can be made anywhere. Japa is not for everyone.
That one made money in Nigeria or declined migrating does not mean inaccurate information about folks elsewhere.

Facts are facts...

There are 2 million Nigerians living abroad. $20,000,000,000/2,000,000 = $10,000 on average per annum.

This cannot be spare change. So you are not reeling facts.

Most Nigerians abroad send home substantial money for investment as backup plan in case things don't work out well abroad.

$10,000 by any standard is a substantial amount. Why would they risk such if Nigeria is worthless?

Not all of it will go into investment, some to support family back home but the bulk of it will be for investment.

LagBlogger:


There are 2 million Nigerians living abroad. $20,000,000,000/2,000,000 = $10,000 on average per annum.

This cannot be spare change. So you are not reeling facts.

Most Nigerians abroad send home substantial money for investment as backup plan in case things don't work out well abroad.

$10,000 by any standard is a substantial amount. Why would they risk such if Nigeria is worthless?

Not all of it will go into investment, some to support family back home but the bulk of it will be for investment.

it more than 2m ! Only aboki for Saudi Arabia pass 500 to 700k , Sudan 500k , cameroun 500k , come add libya plus Ghana all na remittance them dey send steady. Abokis have been japing to Saudi Arabia since 1900 and remiting usd to Nigeria and have a entire neighbourhood ! The WAPA money exchange Markets started operating in 1953 cos of aboki remittance to Nigeria. This why the BDC markets is control by aboki . But they don't make noise like some new Japarains that assume the 20 bn USD remittance is exclusive from the UK and America! Saudi Arabia is 3 largest remiting Nation ! The migrants from Nigeria in Saudi Arabia have money usd to send home due to low cost of living and zero tax !

Aboki have been remiting forex by telephone in the kano exchange Markets via phone since 1958 from Saudi Arabia to the biggest currency exchange Markets called the WAPA exchange serving the whole west Africa! WAPA own by Mamuda dantata WAPA exchange was the biggest source on remittance into Nigeria after FDI and FPI . By deflaut 100,000 Nigerians go Saudi Arabia every year and only about 80 percent return. While the remain work to send million of USD as remittance to Nigeria. BUT they don't go about catigating their Mother Land and calculating remittance vs federal budgets! They are humble and quiet but hold the real JAPA money!

ahiboilandgas:
Aboki have been remiting forex by telephone in the kano exchange Markets via phone since 1958 from Saudi Arabia to the biggest currency exchange Markets called the WAPA exchange serving the whole west Africa! WAPA own by Mamuda dantata WAPA exchange was the biggest source on remittance into Nigeria after FDI and FPI . By deflaut 100,000 Nigerians go Saudi Arabia every year and only about 80 percent return. While the remain work to send million of USD as remittance to Nigeria. BUT they don't go about catigating their Mother Land and calculating remittance vs federal budgets! They are humble and quiet but hold the real JAPA money!

very well articulated exposition. Let's see those who can refute this. Also to add, our polithiefcians sef dey among the much celebrated 20b USD, abi shey the Atiku's and co no dey send dollars too ni? Money laundering cartels sef dey. Yahoo boys client payments sef dey. But somehow the people in Nairaland travel section believe say na their clique for here dey send the 20b USD which as I have already said and you have rightly echoed is still just 4% of the total pot of soup. Look at how that fellow earlier was putting down the work of hardworking Nigerians that generated the 96%, and was praising the 4%. The toxicity in this section is actually quite entertaining, as it is so bunkum that it is funny, hence, my interest in this section.

LagBlogger:


There are 2 million Nigerians living abroad. $20,000,000,000/2,000,000 = $10,000 on average per annum.

This cannot be spare change. So you are not reeling facts.

Most Nigerians abroad send home substantial money for investment as backup plan in case things don't work out well abroad.

$10,000 by any standard is a substantial amount. Why would they risk such if Nigeria is worthless?

Not all of it will go into investment, some to support family back home but the bulk of it will be for investment.

First, the sum has risen well above 20b usd and over four times our foreign direct investment.

It only captures the sum sent through official CBN channels which I can tell you is cumbersome. A good chunk of remittance is not captured in this.

Whatever reason they send money back home for, they'd have first paid tax, accomodation, food, and some even mortgage and cars e.t.c. Hence in economics whats left is called discretion income i.e change

Investing in Nigeria is hardwork. Not many prioritise this. The growth of the economy tells you that. The naira has lost 26% of value against the usd this year. I.e, anyone holding usd eithout even doing anything is already 26% up. Why wouldn't that person seek investments in their abode and avoid the hassles of some thieving relatives. On average, the naira loses 10- 20% yearly for the past 40 years. Yes, some make investments back home but most have been severely burnt and have vowed never to.

Hence the remittance figure you see is indeed a small portion of the full picture

timesuploaded:
Every Nigerian living in America and Canada are broke, depressed and suicidal. The first 10million richest Nigerian live and work in Nigeria. Nobody ever traveled to America or Canada and made it. They are all slaves. Tell Americans to pay cash for their cars and 80% of them will be trekking this very minute. Tell Americans to pay cash for their houses and 99.9% of them will be homeless and sleeping on the street tonight. There is no progress in America. America is a failed and glorified shiithole

So you wish. Of course Nigerians living in Nigeria are enjoying with their private jets

What you fail to understand is that the western countries are taking your best heads in health, IT e.t.c. That is why they far outperform even the locals. The other day, Buhari was thanking these diasporeans for saving the naira from further disgrace

Regarding your statement about cars, I'd add that to the odd analogies I shared above.
The folly in this statement is same with when ahib said food in the west was more expensive than in Nigeria cos he was comparing the usd price of a coke bottle. After effective teaching, he has never repeated such statement.

I agree America is poor but in our rich Nigeria 95% of our 'new cars' are cars they've used and discarded. Many of which are accidented/flooded and written off.

America is poor yet their discarded clothes are packaged and sent to the rich Nigeria as okrika. lol

America is poor yet it has the biggest economy in the world but rich Nigeria is not even in the top 20.

America is poor yet one U.S company has a market value of over 2 trillion usd. Lol

Reflect over those statements and you'd question the validity of your thought process

jedisco:


First, the sum has risen well above 20b usd and over four times our foreign direct investment.

It only captures the sum sent through official CBN channels which I can tell you is cumbersome. A good chunk of remittance is not captured in this.

Whatever reason they send money back home for, they'd have first paid tax, accomodation, food, and some even mortgage and cars e.t.c. Hence in economics whats left is called discretion income i.e change

Investing in Nigeria is hardwork. Not many prioritise this. The growth of the economy tells you that. The naira has lost 26% of value against the usd this year. I.e, anyone holding usd eithout even doing anything is already 26% up. Why wouldn't that person seek investments in their abode and avoid the hassles of some thieving relatives. On average, the naira loses 10- 20% yearly for the past 40 years. Yes, some make investments back home but most have been severely burnt and have vowed never to.

Hence the remittance figure you see is indeed a small portion of the full picture

only around 5 percent are in those level you listed above! The bulk of the remittance it to pay back JAPA loan ! Sponsor more Japarains ,black tax , develop retirement home ( while living like a pauper overseas) develop status home , send illegal earned money from undocumented workers , business email comprise remittance , hookers for Italy ( zero tax ) drug and 419 funds from India to Thailand . Infact the main remittances is from hustle ( una sabi within I mean sha ) how much per hour work one send na ...100 to 200 pound. While the Italian Madam can send 100,000 euro , the run girl 5000 euro !Yahoo boys 11 m USD . See mopha transaction. 32bn Naira remittance . After you pay rent pay health insurance pay tax ,pay car insurance pay parking pay day care pay gas and electrical ( 180 USD) barb ( 20) water 50 where you want see money remit to build house for lekki . You need about 1300 pounds per month to Manage for UK vs media wage of 18k ( after taxing above the 125000 income) ...1300x 12 =15600 - 18000 = saving 200 pounds per month ( so where the 20bn USD remittance) wan show from .

ahiboilandgas:
only around 5 percent are in those level you listed above! The bulk of the remittance it to pay back JAPA loan ! Sponsor more Japarains ,black tax , develop retirement home ( while living like a pauper overseas) develop status home , send illegal earned money from undocumented workers , business email comprise remittance , hookers for Italy ( zero tax ) drug and 419 funds from India to Thailand . Infact the main remittances is from hustle ( una sabi within I mean sha ) how much per hour work one send na ...100 to 200 pound. While the Italian Madam can send 100,000 euro , the run girl 5000 euro !Yahoo boys 11 m USD . See mopha transaction. 32bn Naira remittance . After you pay rent pay health insurance pay tax ,pay car insurance pay parking pay day care pay gas and electrical ( 180 USD) barb ( 20) water 50 where you want see money remit to build house for lekki . You need about 1300 pounds per month to Manage for UK vs media wage of 18k ( after taxing above the 125000 income) ...1300x 12 =15600 - 18000 = saving 200 pounds per month ( so where the 20bn USD remittance) wan show from .

They're suffering but the poverty capital of the world in enjoying. Happy now?

jedisco:


They're suffering but the poverty capital of the world in enjoying. Happy now?

no the question and topic remain ! Why are Nigerians japing to the UK when UK worker are on strike. If don't have any reasonable answer to the question move on.

Poor Nigerian diasporeans....

https://www.ft.com/content/ca39b445-442a-4845-a07c-0f5dae5f3460

jedisco:
Poor Nigerian diasporeans....

https://www.ft.com/content/ca39b445-442a-4845-a07c-0f5dae5f3460

kindly open another thread on that if it so interesting! This thread has 38000 views. Kindly open and stop jumping goal post .

ahiboilandgas:
no the question and topic remain ! Why are Nigerians japing to the UK when UK worker are on strike. If don't have any reasonable answer to the question move on.

I've have answered that multiple times...

Reason is high cos of items due to 10% inflation- the highest in 40yrs.

Now, when was the last time inflation in Nigeria was 10%?
Imagine what UK workers would do if they have suffered a decade of roughly 20% inflation.

BTW, our CBN target for inflation is 9% while theirs is 2%. Says it all.

Still same folly- comparing problems of developed countries to developing countries. Dangote saying he's broke is different from an almajiri being broke.

jedisco:


I've have answered that multiple times...

Reason is high cos of items due to 10% inflation- the highest in 40yrs.

Now, when was the last time inflation in Nigeria was 10%?
Imagine what UK workers would do if they have suffered a decade of roughly 20% inflation.

BTW, our CBN target for inflation is 9% while theirs is 2%. Says it all.

Still same folly- comparing problems of developed countries to developing countries. Dangote saying he's broke is different from an almajiri being broke.

so based on this analogy, you or rather Nigerians japaing are the almajiri's. Good thing you said it, cos if I or he had said that everywhere for catch fire.

Treadway:
so based on this analogy, you or rather Nigerians japaing are the almajiri's. Good thing you said it, cos if I or he had said that everywhere for catch fire.

Comprehension....

In the analogy, Dangote is the Uk. Nigeria is the a....

Well if you believe your doctors, IT specialists audiors, middle class e.t.c are almajiris, then that says so much about the 130 milliom poor Nigerians

jedisco:


I've have answered that multiple times...

Reason is high cos of items due to 10% inflation- the highest in 40yrs.

Now, when was the last time inflation in Nigeria was 10%?
Imagine what UK workers would do if they have suffered a decade of roughly 20% inflation.

BTW, our CBN target for inflation is 9% while theirs is 2%. Says it all.

Still same folly- comparing problems of developed countries to developing countries. Dangote saying he's broke is different from an almajiri being broke.

that the problem with JAPA people you started well but ended emotional why must you bring in Nigeria into the comparisim?.any body intending to JAPA is not in the bottom of the pyramid in Nigeria .

jedisco:


Comprehension....

In the analogy, Dangote is the Uk. Nigeria is the a....

Well if you believe your doctors, IT specialists audiors, middle class e.t.c are almajiris, then that says so much about the 130 milliom poor Nigerians

lol..ok sir.

ahiboilandgas:
that the problem with JAPA people you started well but ended emotional why must you bring in Nigeria into the comparisim?.any body intending to JAPA is not in the bottom of the pyramid in Nigeria .

Absolutely... our doctors, nurses,IT experts, auditors, middle-class e.t.c are at the bottom of the Nigerian pyramid.

Our 10 million almajirai, theiving politicians and 130 million poor folks are at the top of our economic pyramid.

jedisco:


First, the sum has risen well above 20b usd and over four times our foreign direct investment.

It only captures the sum sent through official CBN channels which I can tell you is cumbersome. A good chunk of remittance is not captured in this.

Whatever reason they send money back home for, they'd have first paid tax, accomodation, food, and some even mortgage and cars e.t.c. Hence in economics whats left is called discretion income i.e change

Investing in Nigeria is hardwork. Not many prioritise this. The growth of the economy tells you that. The naira has lost 26% of value against the usd this year. I.e, anyone holding usd eithout even doing anything is already 26% up. Why wouldn't that person seek investments in their abode and avoid the hassles of some thieving relatives. On average, the naira loses 10- 20% yearly for the past 40 years. Yes, some make investments back home but most have been severely burnt and have vowed never to.

Hence the remittance figure you see is indeed a small portion of the full picture

Once again you are wrong. Let's pretend the remittances is $30 bn per year, the official GDP is a gross underestimation of real GDP.

Checkout thisday article that explains how our informal sector is not computed: https://www.thisdaylive.com/index.php/2022/07/11/the-informal-economy-in-nigeria/amp/

Nigeria has the third largest informal sector in the world as an estimated 58% of true GDP which means if informal sector is captured we should be talking at least $830 bn.

Your remittances then would be less than 3% of true GDP even at $30bn.

How I arrived at 57%? Do your research yourself.

LagBlogger:


Once again you are wrong. Let's pretend the remittances is $30 bn per year, the official GDP is a gross underestimation of real GDP.

Checkout thisday article that explains how our informal sector is not computed: https://www.thisdaylive.com/index.php/2022/07/11/the-informal-economy-in-nigeria/amp/

Nigeria has the third largest informal sector in the world as an estimated 58% of true GDP which means if informal sector is captured we should be talking at least $830 bn.

Your remittances then would be less than 3% of true GDP even at $30bn.

How I arrived at 57%? Do your research yourself.

Keeps clutching straws.
The 30b usd is their change that is 4x our foreign direct investment.

Absolutely, diasporeans are suffering. Our 130 million poor are enjoying.

jedisco:


Keeps clutching straws.
The 30b usd is their change that is 4x our foreign direct investment.

Absolutely, diasporeans are suffering. Our 130 million poor are enjoying.

You keep clutching your straws the real figure is $20bn but I dashed you the extra $10bn to satisfy your delusion that you guys are helping the country survive with your chicken change.

Please preach to your fellow diaspora folks to stop remittances forever, let us see whether Nigeria will collapse.

Finally, you seriously overrate yourself. You may be shocked to meet uneducated people in Nigeria that make your entire income for one year in one week.

No be lie for Abuja at Apo I meet illiterate traders making millions in sales everyday.

Move on. Your delusion is appalling.

Gerrard59:


But bros, you sef, you have talked about staying around people who look like you. Now, you want them to move to places where they are very few blacks? If London is like Jamacia, is it not better for the average black person than Oslo?

Australia and New Zealand are tough to relocate to, even for most native Europeans (except the British). About London not being English again, that is true. I read posts about their city being lost to multiculturalism, which I understand. But then, the British went round the world causing havoc. Karma just happened.

Bros, me just de talk my own, I no de impose or dissuade, or persuade, or anything. As in, I am neutral. I just want clear the fog in people's eyes when they think of the UK through the lens of James Bond and Mr Bean. White Brits might become a minority before 2070.

https://www.independent.co.uk/news/uk/home-news/white-britons-will-be-minority-before-2070-says-professor-8600262.html

pansophist:


Brosi, me just de talk my own, I no de impose or dissuade, or persuade, or anything. As in, I am neutral. I just want clear the fog in people's eyes when they think of the UK through the lens of James Bond and Mr Bean. White Brits might become a minority before 2070.

https://www.independent.co.uk/news/uk/home-news/white-britons-will-be-minority-before-2070-says-professor-8600262.html

a recent article suggest to the UK is moving down now have same per capital income with Poland?

ahiboilandgas:
a recent article suggest to the UK is moving down now have same per capital income with Poland?

Sometimes, I honestly refuse to the believe GDP figures of these developed countries. I see so much suffering in a sizeable number of their populations, but somehow, these countries are the richest. The UK is a good example of that.

Nurses are on strike, and homelessness is increasing, same with the crime rate that you can hardly walk freely in many areas in London at night without being attacked, and somehow, these countries sell themselves as the developed, wealthy world.

Meanwhile, in many countries with less than 10th of their GDP, life is peaceful, with fewer to no crime, and no homeless problems (e.g Slovakia). The same also applies to the US, a wealthy country with indebted citizens, with almost one-quarter of their population on anti-depressants or a form of medication.

There should be other forms of measuring a good country to live in, it's not just by GDP, that shit is outdated.

Most of you are about to become tenants in your own home.

An average African does not have the ability to think the future from the present, it's all about what to eat and how to enjoy all the material gains of today.

ahiboilandgas:
a recent article suggest to the UK is moving down now have same per capital income with Poland?

Honestly I don't know about other industries but for the tech industry, Poland has much higher salaries than the UK. The only UK companies that pay well are American firms. Traditional UK firms pay very terrible wages. It's so laughable.

tensazangetsu20:


Honestly I don't know about other industries but for the tech industry, Poland has much higher salaries than the UK. The only UK companies that pay well are American firms. Traditional UK firms pay very terrible wages. It's so laughable.

when the UK was good with a lot of benefits ...Visa was hard! Now the UK is in Mess and declining Visa easy for Nigerians .. smart move by .UK