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Nairaland Forum / Nairaland / General / Travel / Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? (38357 Views)
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Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by cooltola(m): 10:08pm On Feb 13, 2018 |
000120 |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by Ugosample(m): 6:22am On Feb 14, 2018 |
To a large extent, yes it is Nigeria is a rough country, so it does not hurt to try elsewhere |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by Ugosample(m): 10:39am On Jul 18, 2019 |
vanbonattel:lmao |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by Ugosample(m): 10:43am On Jul 18, 2019 |
MansaMoussa: True that |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by Ugosample(m): 10:55am On Jul 18, 2019 |
dabossman: you have spoken well 2 Likes |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by Ugosample(m): 10:57am On Jul 18, 2019 |
you are right 1 Like |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by choicesam(m): 7:35am On May 15, 2022 |
Come with your money let me do BAHRAIN VISA for you. *Free Accommodation *Good Job *Big pay *Peaceful country. Call or Whatsapp 08154735503. |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by Joanlondon: 11:45pm On Mar 20, 2023 |
i be uk base i go like find site like gumtree.com.or pageads.co.uk nigeria site |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by IbeOkehie: 1:38pm On May 17, 2023 |
This is a thread from 2017 with some stellar commentary that will make you THINK. Good Luck to Nigeria! |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by tensazangetsu20(m): 2:49pm On May 17, 2023 |
Op did you move. Nigeria of 2017 is like a paradise compared to Nigeria of 2023. Omho |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by ednut1(m): 3:31pm On May 17, 2023 |
tensazangetsu20:check his most recent posts from 2021. Looks like he stayed |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by tensazangetsu20(m): 3:34pm On May 17, 2023 |
ednut1: Wahala. See all the dumb posts on the thread. Well tinubu is president now 1 Like |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by IbeOkehie: 4:28pm On May 17, 2023 |
Even if anyone was doing well in business in 2017, let's say someone who had wealth in Nigeria valued at ₦100 million at the time, how much is it worth now? Two main internal factors have been driving the Nigerian economy for about a decade now: 1) Massive money printing by the CBN that is not supported by productivity 2) Massive inflation, which is related to (1) 3) Strong resistance by government and populace to further privatization, deregulation and decentralization of the economy 4) Insecurity of lives and property. The economy has been in sustained economic recession, if not depression. I don't even need to ask the question because I know several entrepreneurs in Nigeria and many more ordinary middle class workers in banks, oil & gas, government and also traders. I know they're not doing better because they tell me so, but all I need to do is look at the data. The data is what drove me from Nigeria in 2013. On the flip side, I know many Nigerians who migrated ILLEGALLY to the US and UK in the past decade and they're doing fine and even sending money home to Nigeria. erico2k2: 99% of people who had a chance to leave Nigeria in 2017 and didn't take it are surely regretting their decision today. Good Luck to Nigeria! |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by worried222: 4:37pm On May 17, 2023 |
tensazangetsu20:And it’s looking like Nigeria of 2023 might become a paradise compared to Nigeria of 2029. At least in 2017, it’s easier to relocate to Canada, UK, US, Schengen countries, etc. But forward to 2023, it’s difficult and more expensive to migrate to a better country. Anyone who had the opportunity to leave and declined it is more likely to regret it than otherwise, generally speaking. 2 Likes |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by tensazangetsu20(m): 4:43pm On May 17, 2023 |
worried222: In 2017 Canada express entry points weren't up to 450. All you needed was your degree and like a year of work experience now dea it seems you need a PhD, be below 30 and some french proficiency to get it. Only God knows how Nigeria of 2030 might be and how difficult japa will be |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by worried222: 4:51pm On May 17, 2023 |
tensazangetsu20:Plus the free fall of naira till date. If naira had remained stable all these years, at least one can be able to japa easily. Now 5m is nothing when converted to dollar. |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by tensazangetsu20(m): 5:03pm On May 17, 2023 |
worried222:Omho na wa o. Truly one can't lose betting against Nigeria |
Re: Is Travelling Out Of Nigeria Only Way To Escape The Harsh Economic Situation? by IbeOkehie: 8:39pm On May 17, 2023 |
tensazangetsu20: This has been my outlook for a loooong time now. Why? When Okonjo-Iweala was in government, one day I read something she was saying about the Nigerian yield curve. I went and looked up the term and that's when everything I could see around me in real time could be explained with some solid economic theory. She said at the time that Nigeria has had a negative yield curve for many years...she said 20 or 15 years or something like that. In fact she was explaining that before she got into government nobody could even ascertain the yield curve for Nigeria, it was only after President Obasanjo's economic team cleaned up the debts that it could be calculated. After reading up on what she was talking about, fear catch me. Once you grasp the economic essentials of Nigeria you will NEVER invest in that country. There's always luck or God though😂 Godbless and Good Luck to Nigeria! |
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