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Nairaland Forum / Nairaland / General / Travel / Relocate Or Stay In Nigeria (serious Dilemma ) (22020 Views)
Japa Or Stay In Nigeria / With N20M, Should I Travel To USA Or Stay In Nigeria? / Leave The Country Or Stay Back And Start Something?please Help (2) (3) (4)
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Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Gerrard59(m): 5:55pm On Jun 12, 2023 |
airsaylongcome: Few questions as that business has been peddled on TwitterNG as a good one to invest in considering the demographics. 1) Was he or the professionals in charge during the nascent stages? 2) Was he prepared to play the long game to break in revenue? 3) Where was the business situated? Region if you wish to conceal the state 4) Was his price above Lagos, Port-Harcourt or Abuja's prices (assuming he was not based in any of those places)? 5) Assuming he was based in Lagos or say, Ogun, were the prices way too high? Many questions to ask, but I want to believe there is potential for that business considering the cost involved in travelling outside Nigeria to perform the same operation. Except the patient is very rich, getting a visa to the US would be a herculean task. India is the second option, but in both cases, forex is scarce and hard to come by. Lots of documents to submit when a life is at stake. Many should and I believe would opt for a centre in Nigeria. |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by airsaylongcome: 5:58pm On Jun 12, 2023 |
Penguin2: Remember that a Rolls Royce has a huge war chest in investor funds, marketing budget and a sales channel. This OP probably hasn’t even ever delved into property development and has zero contacts or knowledge of the sales channels. Putting a high investment capital in an industry you know nothing about during an economic downturn is not a wise investment decision in my opinion 4 Likes 1 Share |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by MummyMalik: 5:58pm On Jun 12, 2023 |
money121:Who dare say my Oga no fit afford to go anywhere. Sometimes we need to flaunt here ki elegbe le mo egbe. You can afford to reside not lodge o permanent residency in Burj Khalifa in Dubai. This money dey. If cloth no full, we no dey put body. Ibu owo baba Iman. Adegboyega Ayyub University of Engineering and Technology loading. O porrrrrrrrrrrrrrr |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by pacificom: 6:01pm On Jun 12, 2023 |
Most answers you will get here is certainly to JAPA. Let me first credit your bright initiative to have invested successfully in your crypto business. I won't say you should stay or go, but let me help you to break down your chances in the two ways. Certainly Nowhere is like home. It could have been better for you to have conspire this travelling idea while you are still single than now that you have your own family. The major problem of abroad is the issue of securing the permanent residence alongside family members. If you are a moralist and a decent man, you may not like to break the law of your nature to keep the law of the foreign land. But if you however succeed by all means, you and your family will luckily settle for a good and stable life in abroad. Meanwhile Nigeria won't be a bad place for an intelligent and smart thinking individual. It is forseable that the new government is capable of stabilizing the economy and create attractive opportunities that will benefit young entrepreneurs. Nigeria is a land of opportunities and just good leadership will make things look as if we are in a different country from Buhari's era. Home advantage can give you benefit of becoming successful and enjoy the fruit of your labour alongside your family & friends in your our cultural society . But there are frustrating rules in abroad that can cause serious problem for immigrants and make you miss home and sometimes think this can't happen to me in Nigeria. My final advise for you is to be patience and monitor the way things are going with the new government in Nigeria. Don't rush out and later be eyeing golden opportunities back home. Good luck ! 5 Likes |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Gerrard59(m): 6:02pm On Jun 12, 2023 |
Selfkontrol: I am late to this, but stay in Nigeria. You laid the foundation for the wealth. You were not beauqthed, na you do am yourself. You are going 31, all things been equal, if you follow Express Entry and succeed, you should be 33/34. A big IF because you don't have the necessary work experience, additional degrees, wouldn't be interested in learning a new language etc. If you were 26 or max 28 and single, I would have said run it. But you don pass 30, which in my opinion, folks should stay put in Nigeria except they are able to relocate on a work visa. In your case, such a profile is nonexistent and your wife is pregnant. Stay put in Nigeria. Look for a physical business that has the potential to succeed/run itself in the long run. Run some programmes at Lagos Business School to gain insights and build a network. Your wife should be deeply involved. She is better off monitoring affairs in the new business than selling wigs. That too is not sustainable in the long term unless she owns a factory in Vietnam or China. Yes, bore your children in the US if possible. Offer the best education, school and parental. With that education, they can stand gidigbam in any part of the world. If safety is an issue for you, move to a less restive state. 3 Likes 1 Share |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Augustenite(m): 6:09pm On Jun 12, 2023 |
Selfkontrol: Seriously man, I wouldn't advise you to traveled out now. Try to establish a concrete business for yourself and one for your wife. Take your children to good schools in Nigeria, after they finish their secondary school, you can send them abroad for higher institution. And if you need to go abroad, you can always go on vacation with your wife. If you need a good and viable business, I mean a lifetime Business to do. Kindly DM. |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by JordanCyprianAj: 6:11pm On Jun 12, 2023 |
With the kind of wealth you have now, you can set yourself up for life with a monthly cash flow in dollars, while you live and enjoy yourself in Nigeria. If you have $100,000, you can easily buy up to 5 two bedroom property in the United States through mortgage system and rent the property out, at about $20,000 per property, including renovation cost on the property. On a monthly basis, you can make a minimum of $4,000 as rental income after paying your monthly mortgage installment. With this type of property investment and monthly rental income, you are set for life, even if you decide not to work at all. If you need more guidance and how to go about this process, send me a PM on Whatsapp: 0806 391 6398 1 Like |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by airsaylongcome: 6:16pm On Jun 12, 2023 |
Gerrard59: Business was located in a very high brow location in Lagos and priced appropriately. Running costs for diesel, rent, wages, supplies were spiraling while demand was falling. This wasn’t a business charging anything much hire than the competition. But was hemorrhaging at least 6m per month |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by MiracleMe7: 6:25pm On Jun 12, 2023 |
Mcslize:Please can you teach me about forest trading? Thanking you in the future! |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Gerrard59(m): 6:27pm On Jun 12, 2023 |
airsaylongcome: Omo! I am speechless! The demand falling is an interesting aspect. Be like those with the wherewithal don japa finish If possible, he creates a Case Study with it and submits it to LBS so others can learn: https://www.thecasecentre.org/caseCollection/LagosBusinessSchool |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Nobody: 6:29pm On Jun 12, 2023 |
If you have made money from crypto then I will advise you to start a business in Naija. It's not a bed of rose outside the shores of Naija. Nigerians are friendly and put strangers first but other countries don't, they put their citizens first. That's not saying that you can't survive outside Nigeria but the fact is that it won't be easy |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by abbiboy: 6:32pm On Jun 12, 2023 |
Selfkontrol:Take ur time to learn project mgt or business analyst/data analyst. U don't need certificate for this profession just the required skill, if u're lucky u can find a sponsor job or work remotely for companies while in naija. 4 Likes 1 Share |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by sonofthunder: 6:32pm On Jun 12, 2023 |
Mcslize: Exactly..... Many of these folks earn much better than salary workers but simply lack financial discipline hence most of them like to push the narrative of being unemployed since graduation. Unemployed and you done marry with 2 children buy honda civic for corner Issokay..... Well done sir |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Dyfynezz12(m): 6:33pm On Jun 12, 2023 |
Chijeep:I swear bro. As long as I still dy young and strong na japa o. I sure say before 35- 40 yrs I don gather enough mulla even relocate back sef. 2 Likes |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by airsaylongcome: 6:33pm On Jun 12, 2023 |
Gerrard59: You pin pointed it. The demographic that could afford dialysis 3 times a week has dwindled massively. This was a Lekki business! |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Lekan239(m): 6:44pm On Jun 12, 2023 |
Selfkontrol:property valued 60-70m. Which means this figures are in assest not in raw cash. For a man to start thinking like this, it means u are broke(cashless) now, or u foresee u will be in the nearest future. Now how will you finance your japa plan, are u intending on selling your properties for this plan. Another aspect is are those assets in good location that will prompt people to buy them quickly. Will you be able to sell them within a month. My conclusion is if u japa, u will start 9-5jobs starting from scratch... you that already seen and handle millions, can u cope with working other someone for peanut.... or u can think about starting a biz no matter how little here in Nigeria, and become ur own boss 1 Like 1 Share |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by 1Sharon(f): 6:54pm On Jun 12, 2023 |
You have potential with your engineering degree... |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Frankhad: 6:55pm On Jun 12, 2023 |
My dear brother, without much ado, Japa is a better option. Why If you leave Nigeria, you don't leave only because of yourself but also mainly because of your children. If your children grow up there and study there, they have a better future than here. Also, you study a very good course, if you travel there, work and do part time program on your field. Improve yourself in all ways possible, you will get better job. As you have said, engaging in crypto or any little thing here in Nigeria is not everlasting. In fact, if you get a job in a better place in Nigeria, it is still not favourable except if one is bold to steal. Of course, it is not that UK, USA or Canada doesn't have their challenges but living and working there is better than Nigeria. Anywhere one is, one needs to be smart and intelligent. Lemme use my family as an example for you. My father is a nurse and he is at least okay economically. He had opportunity to travel at a time but didn't believing that he is doing well here. In the long run, he struggled to send my siblings and I to university. But here we are seeking jobs relentlessly. If he had travelled, my siblings and I would not be where we are currently. Meaning; God forbids it for you: what if you are managing and struggle to send your children to school and they also later have to pass through what you went through? If you are okay as parents but you cannot help your children to secure job using legs and connection after study, won't those children also face what many Nigerians are facing now? Once again, the main reason why Japa is better is because of one's children. In fact, if they study there and come back here, they have higher percentage of getting good job than people who study here with or without connection. 5 Likes |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Graceful101: 7:00pm On Jun 12, 2023 |
GboyegaD:Nobody knows it all that is why we ask questions before we take major steps. We don't seek for advice for validation. Thank you. 1 Like |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by 1Sharon(f): 7:00pm On Jun 12, 2023 |
Walix: Are you practising in your degree? |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Mariezaza1(m): 7:01pm On Jun 12, 2023 |
[quote author=Selfkontrol post=123744522]Good day Nairalanders. Pls I need some mature advice because I’ve been in a dilemma for a long time now concerning relocating abroad or staying back in Nigeria. First of all I’m not a japa advocate. I believe if you’re doing well in Nigeria then there’s no point relocating abroad but I feel there’s so much uncertainty and I don’t know what the future holds for me in this country. Now I’m a married man of 30 years. I will turn 31 by this September. We have no child yet but wife is preg now. I have a B.Eng in petroleum Engineering but have never worked in my life. My current business is crypto trading which I have been doing for years now. During the 2021 crypto bull run I made lot of money and acquired some properties that’s currently valued atleast 60-70m naira in total. bought my car same year and got married same year to my long time Gf, settled some family members etc . I don’t have any other investments or business aside my properties and crypto portfolio because crypto trading has taken all my time and I won’t complain because so far it has been good. Making money in dollars while in Nigeria is bliss. Even though we have been in bear season since 2022, I still make some money every now and then that’s sustainable for now until we hit another bull run which is likely to happen from next year 2024. My fear lies here, on the long run crypto trading is not sustainable. If not for 2021 bull run I don’t think I would be in this position and even the projected bull run next year is not 100% certain I plan on learning a programming skill which is very difficult, I tried learning it late last year but stopped along the line because it was distracting me from trading and missing some opportunities in crypto because making money is most important. Coding would probably take me a few years before I start earning even though it is sustainable long term but crypto trading can be life changing but not sustainable long term . It’s more like a gamble most times. My plan A, is to gather enough money from now till 2025 which is the duration of the projected bull run if it happens and start investing in real estate development, Like building and selling and other businesses too but I don’t know how feasible that is in our present day Nigeria and if I don’t make my target amount, I might have to start with the available resources present. plan B, gather some money, learn a skill then relocate to Canada with my family via study route since I don’t have any real work experience aside crypto trading but that would mean me going to study and starting afresh. For my wife, she also has a degree in Human Resources with just nysc as working experience. She learnt wig making and installation and has been doing her online biz selling wigs etc. Abroad folks, what are my chances abroad considering my current profile. Is it worth it coming over there to start afresh And build? I have heard so many things how it’s hard getting a job and you have to rely on survival jobs for the first few years expecially for someone without any work experience. I really don’t like joining the bandwagon cos everyone seems to be leaving, I love to weigh my options and hate taking unnecessary risk that might lead to regrets, at the same time don’t want to regret not leaving since I’m still young and have the opportunity that’s why I’m here asking these questions to learn from experienced and matured family men home and abroad the action they would take. We learn everyday, For my unborn kids, if everything checks out, my plan is to give birth to them in either Canada or US for the passport and raise them in Nigeria and when they are grown, send them to study there and that is only if I’m not relocating. And if I’m relocating, what are the in-demand skills and professions I have to take since it’s clear I might be going to school because I hate survival jobs. What is your advice pls. Mature advice pls. Thank you 🙏 @justwise @Disguy [/quote Please don't be angry with me help me with any amount to get something decent to eat first this thread is above my standing 9016273767 Opay Thanks so much and God bless you 🙏 in advance |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Selfkontrol: 7:03pm On Jun 12, 2023 |
Kizzygentle:Haha money day crypto bro. If not for some bad trades I made, I’d probably be 10x richer right now and probably won’t contemplate japa but still thanks for your input |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by 1Sharon(f): 7:03pm On Jun 12, 2023 |
ednut1: But he can put his degree to use. Some people are relocating just to wipe asses. He doesn't need to do that. 2 Likes |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Selfkontrol: 7:05pm On Jun 12, 2023 |
ednut1: lol you have no idea. People are making a killing in crypto. In bull season people make millions of dollars with just $5k or even less. |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Selfkontrol: 7:12pm On Jun 12, 2023 |
Lekan239:Thanks for your input sir. You’re not far from the truth but I won’t say I’m broke. We’re in bear season so money doesn’t flow like that compared to bull season. Yes they are in good locations. I have a single property valued at 37m in a top estate. I don’t intend selling them to travel though. Even if I have to travel it would probably take a year or two, by then I would have generate enough money from crypto. That’s my fear too. 9-5 scares me like crazy. If I was still starting life with little to nothing, I don’t think I would here asking questions becos I know the part to follow |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by genkins(m): 7:13pm On Jun 12, 2023 |
Selfkontrol: Bros,Dont mind d guy,he know nothing If I knew what u know at such a young age,il be sharing fence with them looters in maitama here.you should Japa IMO,There I think u school and work while ur wify work full-time.it will be easier make dollars to position for the next bullrun at a bigger level.then you can come back asumming NG is better by then.pls il like to know what you are positioning for the bullrun.if you drop your email,I will send u a mail.plszi would appreciate.i can see Shiba Inu made you.pls ill like to know what u are positioning for. |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by Gohs: 7:13pm On Jun 12, 2023 |
Selfkontrol: Take the time to learn programming before relocating to Canada. Learn HTML, CSS, JavaScript and maybe React.js (it's a bit cumbersome so I prefer plain jQuery instead). Build clone websites of popular sites like Glassdoor, LinkedIn, Twitter, Instagram — they will give you a good portfolio. It's easier for you to land a comfortable job in Canada if you have GOOD programming skills. |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by millionboi2: 7:18pm On Jun 12, 2023 |
Penguin2:Forex trading is dangerous, those guys that parade themselves as forex traders are yahoo boys. 2 Likes |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by NutritionGuru: 7:19pm On Jun 12, 2023 |
Uncommon Wisdom! Glad to see that there are still intelligent Deepthinkers in Nigeria. Greenfaces: 3 Likes |
Re: Relocate Or Stay In Nigeria (serious Dilemma ) by bonnyhope: 7:19pm On Jun 12, 2023 |
Britishcoins: Gbam!!! Those who have money will not even come out to mention how much they have made. The guy just wan rope people into crypto 1 Like |
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