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Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? - Travel - Nairaland

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Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Basalt(m): 1:14am On Dec 13, 2020
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

43 Likes 5 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by ednut1(m): 1:24am On Dec 13, 2020
your friend is right. With a permanent stay, you will still have money to invest in Nigeria later.

245 Likes 11 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Godsspeed: 2:36am On Dec 13, 2020
A wise and true friend, but you have till 2022 before the expiration of your visa, plus an 18-month post graduation visa. So you fit buy land keep first, then focus on what your friend told you....

139 Likes 5 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by optimusprime2(m): 2:39am On Dec 13, 2020
Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I do all my monthly expenses from my Mini job and uses my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.

I plan to buy land or start building a house but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Your friend has told you all you need to hear and all you need to know...
Because if you have said a home return is out of the question, then start giving yourself a stronger base over there, you can always get a land when you are properly situated...

I have a couple of questions for you;

1-How good is your German on a scale of 1-10?
2- would you like to stay long term in Germany?

I asked you those questions because if your answer to question(2) is yes, then you need to heavily and I mean "heavily" work on your German language skills, the moment you can rate yourself a 7 out of 10, you would not need IT skills/certifications to land your self a job in Germany... getting a job in Germany quickly, to a large extent depends on your German language skills. Infact once you have a German diploma and can speak German proficiently, you may not even need that extra 18 months, because you would most likely find a job before the expiration of your student Aufenthaltstitel.

Take note job hunting as a German diploma holder and German speaker, is not limited to Germany alone... Austria is well in the hoop too!

171 Likes 20 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by flyingpig: 3:03am On Dec 13, 2020
He's a good friend, follow his advice.

12 Likes 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by DortmundGirl(f): 4:58am On Dec 13, 2020
Save your money!!

According to Aufenthaltsgesetz (immigration law of Germany) to buy land or property in Germany doesnt guaranty a residence permit!

They can still ask you to leave the country despite having land or a house if you dont find job after studies unless you open a big company and invest a lot of money in Germany .

Good luck

15 Likes 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Unityroad: 6:22am On Dec 13, 2020
DortmundGirl:
Save your money!!

According to Aufenthaltsgesetz (immigration law of Germany) to buy land or property in Germany doesnt guaranty a residence permit!

They can still ask you to leave the country despite having land or a house if you dont find job after studies unless you open a big company and invest a lot of money in Germany .

Good luck



Learn to read well before you type next time

214 Likes 10 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by tensazangetsu20(m): 7:08am On Dec 13, 2020
Op earn a permanent stay. Use that money you plan to invest in Nigeria to acquire certifications relevant to your field that can help you gain a job fast. Nigeria is not running away. You have your 30s, 40s, 50s, 60s, 70s and beyond to invest here. Get the passport first o. Don't do anything that will bring you back here so your kids don't come and complain in future of how their father went to Germany came back and they are all suffering today.

207 Likes 13 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by tensazangetsu20(m): 7:35am On Dec 13, 2020
..
Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Nobody: 8:24am On Dec 13, 2020
Op, follow your friend's advice. He's a good guy.

Goodluck and keep hustlin.

24 Likes 2 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Nobody: 8:29am On Dec 13, 2020
DortmundGirl:
Save your money!!

According to Aufenthaltsgesetz (immigration law of Germany) to buy land or property in Germany doesnt guaranty a residence permit!

They can still ask you to leave the country despite having land or a house if you dont find job after studies unless you open a big company and invest a lot of money in Germany .

Good luck
He's talking about buying a land and building a house in Nigeria not Germany.

49 Likes 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by adaora17901: 9:39am On Dec 13, 2020
He's a good friend, follow his advice.

12 Likes 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by cletz991(m): 9:52am On Dec 13, 2020
grin two gulder for you bro
Unityroad:




Learn to read well before you type next time

25 Likes 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by pseudonomer: 11:17am On Dec 13, 2020
A very good advice. And why would you want to start building a house in Nigeria right now when your future is not committed to Nigeria?

23 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by GallantDuke(m): 12:44pm On Dec 13, 2020
Unityroad:



Learn to read well before you type next time
She wants to show to us that she has vast knowledge about German laws.

25 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by optimusprime2(m): 1:42pm On Dec 13, 2020
GallantDuke:

She wants to show to us that she has vast knowledge about German laws.

Maybe she's just lost her touch of English...
No time for English, too much German grin

15 Likes 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Thegamingorca(m): 1:52pm On Dec 13, 2020
Our geography scholar. Better save that money and plan for Canada.

You can worry about gaining land in Nigeria after settling down permanently in Canada.

The lands are not running

42 Likes 3 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Plut01: 2:37pm On Dec 13, 2020
.

May God bless your friend.

Follow his advice. Nah better friend he be.

.

7 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Basalt(m): 3:39pm On Dec 13, 2020
Waoooo, thank you guys for your contributions.
Happy Sunday to you all.

14 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Elmaaq: 6:32pm On Dec 13, 2020
Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

You can invest a fraction of what you have

1 Like

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by cjeriia: 6:45pm On Dec 13, 2020
Basalt:
Waoooo, thank you guys for your contributions.
Happy Sunday to you all.
Basalt put me through on how to apply and get the German admission. Been trying to apply for an MEng/MSc in process engineering for a while

3 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by TRIPLEGATE: 6:58pm On Dec 13, 2020
@Op which City are u in Germany.
I am asking to know which City has more job prospects.
Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Basalt(m): 9:26pm On Dec 13, 2020
cjeriia:
Basalt put me through on how to apply and get the German admission. Been trying to apply for an MEng/MSc in process engineering for a while

https://www.nairaland.com/5621308/part-8

Follow this thread, read in between the lines.
That thread really helped me a lot during my application stage

10 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Basalt(m): 9:30pm On Dec 13, 2020
TRIPLEGATE:
@Op which City are u in Germany.
I am asking to know which City has more job prospects.

The big cities always have more job prospects. The good thing is that you can even work in another city if you want.
I heard there are limited jobs in the Eastern part of Germany, maybe you should focus on other parts.
Goodluck
Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Fidelismaria: 11:25pm On Dec 13, 2020
Enough has been said.

1 Like

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by ayomide8990(m): 12:50am On Dec 14, 2020
Godsspeed:
A wise and true friend, but you have till 2022 before the expiration of your visa, plus an 18-month post graduation visa. So you fit buy land keep first, then focus on what your friend told you....
Op Consider this advice.

7 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by cjeriia: 6:45am On Dec 14, 2020
Basalt:


https://www.nairaland.com/5621308/part-8

Follow this thread, read in between the lines.
That thread really helped me a lot during my application stage
thank you
Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Lexusgs430: 10:51am On Dec 14, 2020
Another confused student...... I wonder how you attained that educational status, if simple issues you cannot critically think about and self analyse............

1 Like 1 Share

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by kennyflames(m): 1:56pm On Dec 14, 2020
Firstly it depends on the kind of investment you want to do

I would advise you not to buy land or build any house there to you are permanently living there
to avoid stories

2 Likes 2 Shares

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by 900warriorz: 1:57pm On Dec 14, 2020
If only I was in your shoes, I'd have known what to do grin


Like if you agree with me cheesy

6 Likes

Re: Should I Invest In Nigeria Or Wait Until I Get A Permanent Stay In Abroad? by Promiseold: 1:57pm On Dec 14, 2020
cheesy

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