₦airaland Forum

EgunMogaji2:
It’s against my grain but you can’t be seen as soft here. You’ll simply be eaten alive.

I too fell for the “Jesu Ti Mo Nsin” BS.

EgunMogaji2:
To me it’s like loaning a friend money. You only loan what you’re ready to forgo.

I only invest my slush funds in Nigeria.

I can get on the plane tomorrow morning for the USA and never look back.

TinubuGoQuench:
TINUBU IS A CRIMINAL!
HE WILL NEVER RULE NIGERIA
NA QUENCHING LEVEL TINUBU DEY

descarado:
Heeelloooo
How have you been?

qdlvy:
You're correct on this.



Let me first admit I don't know too much about finance and investment but I have been forced to learn by myself on how to manage my own assets and money. With that been said, I will never invest my money in Naija TBills, stock market or real estate for that matter . I'm sorry but the economy practices and instability in the country doesn't fill me with any confidence.

In regards to real estate investments in the country, I'm willing to bet the majority of them lose money when intricate number crunching and adjustments are made. Yes, you're right that domain knowledge might mitigate these risks to turn a profit but only very few shrewd and prudent (or lucky with inheritance or government lobbying) will make money. The lack of verifiable data is also one big problem to making educated investment in the country as opposed to the slew of anecdotes I have seen people making here. Sorry, I can't take all these stories of "my clients, my neighbor or the alhaji down the street" seriously. I need verifiable data and if the shambles that is the naira is anything to go by then I'd rather invest in somewhere else.

Take for example, average exchange rate usd-naira in 2010 was 122 naira to 1 USD (source: https://www.exchangerates.org.uk/USD-NGN-spot-exchange-rates-history-2010.html). Today it's 470 naira to 1 USD. If you had 100k USD in a low cost index fund like the VTSAX or VFIAX from 2010 to 2020, you're looking at 6% annual return (adjusted for inflation) compounding to $179,084.76. (source: https://americanfundsretirement.retire.americanfunds.com/tools/calculators/investing-results.htm https://dqydj.com/sp-500-historical-return-calculator/). Yes, it does comes with its own risk which can be minimized with diversification but the potential return will be lower. The advantage is you don't have to do anything. Just leave the money there, you don't have to worry about tenants, repairs, omo onile etc. And your money will be in a strong stable currency.
Land bought in 2010 for 12.2 million naira (100k USD) can become what in 2020? 45 million or 50 million which is sadly still 100k USD today. Yes, location and domain knowledge matter but I'd rather just take the trusted and easy route.

descarado:
Fried tomatoes, onions and pepper for stew and stuffs

nairavsdollars:
Donald Trump

myk2mic:
This is what you should be doing channeling ur prayers to your Country instesd ,it's American presidential election that is your issue. Face Nigeria, nd leave the Usa to sort themselves out.

InvertedHammer:
\
Nigeria was heavenly and free of crime until after the EndSARS protest.

The level of insecurity remains same in Nigeria with or without the police. This is the "ember" period yet bank robberies have been minimal compared to when SARS and NPF littered the place extorting innocent citizens.

/

NwaAmaikpe:



I almost said that God has suffered but it is impossible for God to suffer even though he created everything in the world including suffering.

But God has suffered in our mouths.
From the fake pastors deceiving people with his name to the one-minute boyfriend who screams his name when ejaculating to this demented fanatic who has killed his own kids.

I just hope something comes out of this case because if this man gets a mentally-twisted lawyer like myself who can advice him to say he came home one day to meet his kids blaspheming against Allah; he will definitely be acquitted.

I hope no one tells him this because those poor kids deserve justice.

illicit:
Righteousness must hear this....

Fahdiga:
Abnormalities has become the norm in this present Junta. expecting Buhari to do the right thing is like expecting Tinubu to stop looting. it is impossible

NwaAmaikpe:



Pa Michael Imoudu will be rolling in his grave after seeing what the NLC has become today.
How did she fall from grace?
A once vibrant militant trade unionism that was further revamped by Comrade Adams Oshiomhole despite 'you know what' is now as impotent as an expired, adulterated painkiller.

The Trade Union we see today is even less than an unfunny joke in the mouth of a drunk jester.
No one takes her threats seriously...not the people, not the government, not even the union itself.

Incase you've forgotten, it's almost a month of the expiration of their two weeks' ultimatum on the Electricity tariff.

But like my grandmother will always say.
"Do not ask whose side the househelp is on when she will not intercede when the master is fighting with her madam".
She's only looking out for her self.

InvertedHammer:
/
We are saying the same thing but in a different way. Just a little prodding and logistic problems which you never mentioned in your previous post surfaced. I bet you more challenges will prop up if pushed more. Those are the "stories" I talked about that will enter after an investor buys a truck and s/he will be left holding an empty bag. It gets worse if the investor is in diaspora and waiting for remittance. Many people have been through this hell before.

Anyone who wants to commit money in Nigeria should be willing to relocate full time to dig it out. Otherwise, you will be feeding others with nothing to show on your side. Business owners in Nigeria are wrestling with all manners of principalities to stay afloat, na person wey dey abroad go just sit down and owo dey enter. It ain't easy like that.

/

Abolarin91:
It not a lie ma. Bring your ears let me tell you something "I am trying to run out of this country too"(nobody is hearing this conversation at all! . Come home oo, Nigeria is now better, 1 bag of cement is now #750 and rice is #4000/bag...

Abolarin91:
Come home

Throwback:
It is time for Nigeria, ECOWAS, and African Union to send a high powered delegation to prevail on the American strong man called Donald Trump to step down after losing the election.

Such Nigerian/African delegation was successful in Gambia, to get Yahya Jammeh to step aside as an African strong man of many years after losing his last reelection.

Even Mugabe was prevailed upon to step aside in Zimbabwe.

Or we adopt the older Zimbabwean option where whoever was good enough to defeat Mugabe in a democratic election, would instead be offered the Prime Minister position a la Morgan Tsvangirai.

If Trump will not yield, I encourage the Nigerian government to impose sanctions on America until the dictatorship of Trump is brought to its knees.

This is what Trump has reduced American democracy to.

EgunMogaji2:
Diasporas on board, please read the bolded twice and memorize it.

The I know like me share the ideology that we invest in and live in Nigeria while consuming in Nigeria. The only ones I know that are making a killing are those that strictly come in to harvest raw materials. They’re not building factories or warehouses or dealing with staff. Come in grab exotic trees and natural resources and split.

And please don’t be sweet talked while sitting in the abroad. Come home and sweat with us for a few months to get the lay of the land. Then decide what investment that you want to get involved in.

Iseoluwani:
d gospel of Christ is not all about sin, don't magnify sin as if it is the only true msg in christaindom... When you teach your congregation the truth of God words, they will live this earth in victory and spiritual perfection such that they become matured Christian. sin sin salvation repentance are elementary teachings.

Hebrews 6:1
[1]Therefore leaving the principles of the doctrine of Christ, let us go on unto perfection; not laying again the foundation of repentance from dead works, and of faith toward God,




don't come here and magnify teaching of sin as d only teaching

Rapture4real:
They are but not.limited to them:
Pst Kumuyi, Bro. Gbile Akanni and Pst Niyi Makanjuola. What they have in common:
1.Preaching the truth of holiness, becoming like Christ, pointing their audience to Jesus and preparing them for heaven
2.They practise what they preach
3.Not in ministry for gain
4.They are genuinely born again, genuinely called into the ministry and doing God's will.
5.If they lose all the material things they have, they will still continue the work
6.They do not promote carnality,materialism,prosperity etc
7.They do not get possession by.manipulating people
8.Their family exemplify what they preach etc
How do I know?Do I stay with them? I have only seen Bro. Gbile at close contact several times, I have seen Baba Kumuyi at distance.Ive not seen Pst Niyi Makanjuola at all but there is no single day withouy.listening to his message for the past five years. I even ordered for 50 copies at a time. If you are going to heaven and live a victorious christian life,listen to the above preachers. Dont choose a preacher because he preaches what makes you happy but because he tells you the truth.Jesus and John the Baptist and Apostlea didnt preach to make people happy. They were concerned about heavens. Todays preachers adopt custimers friendly approach to gain more members and more money, hence there are as many churches as there are many sinners.

hopefulLandlord:
Adeboye is my favourite pastor, he drove a car from Ore to Lagos on empty tank. also for saying anyone not giving him 10% is heading to hell

Johnson Suleiman too who prophesied El Rufai would die but nigguh still dey alive and kicking

Biodun Fatoyinbo for his screwing Ese Walters although we're still awaiting his "Robust Reply"

TB Joshua because, you know, Hillary Clinton is the president of United states also his sending prayer water to Sierra Leone saying it'd cure their Ebola

Tim Omotoso for his screwing all the young girls in his church

Kumuyi for his preaching against TV but now broadcasts programmes on that same TV

Oyedepo who slapped a witch, guess the holy spirit in him did not let him realise he was slapping an innocent girl that had poor English understanding

Rev Ezeugo King For burning "sinners" in his Church


Internationally

Peter Poppof for his using earpiece to get information from his workers and presenting it to the audience as prophecy and revealtion

Robert Tilton for his getting prayer requests in envelopes that come with money. he kept all the monies, disposed the prayer requests while telling his audience he prayed individually to every prayer requests

Jim Bakker for raping his assistant and paying her $270,000 to buy her silence

George Alan Rekers for his vehement preachings against homosexuality but was caught paying homosexual men to have sex with him

Tony Alamo for having sex with children while preaching against it when he's on the pulpit

Mike Murdock for saying if you send him $1000 your debts would be wiped out

Shellsploit:
See the signage sef...
The red direction be like "isi amu" male cockhead

Shellsploit:
I am indeed legally bewildered!!!!



Where is Lalasticlala sef
See as the place be like matogun court house

EgunMogaji2:
I’ve been here now full time for 22 months.

I say the following with no joy and I expect to catch clack for it.

Here goes:

Nigeria can never be good. All what we can do is find a way to exist within the chaos. Anyone that is expecting vast changes will just die in vain.

Addition:

When I was a toddler, the same issues that I grew up hearing my father complain about is still here. Olopa wahala, armed robbers, government, bribery, oppression, etc. Here we are in 2020 and we’re still on the matter.

The average citizen is a corrupt and ungovernable mfer.

To bring this back on topic. My father lost a plot of land to some Alhadji in Iwo Road in the early 70’s. Fast forward to 2020, people are still loosing land.

Armed robbers are writing letters to community to gather donations. Insurgents are being settled by farmers so they don’t cause havoc.

My micro estate is designed around the Lagos/Ibadan railroad. Guess what, most of the hardware that holds the actual rail line has been stolen already.

Fela died for nothing, his mother died for nothing. No change. Buhari jailed Fela in the 80’s as head of state, Buhari is president today.

Acekidc4:
No Time..... Biden my Man....... Continue Joor don't mind haters........Every Trump of Dirt in My Life is ForBiden

EgunMogaji2:
An artisan killed a snake in my estate some months back. About 12 feet long and 3 inches in diameter.

That I was practically sharing space with the thing got me weak.

EgunMogaji2:
Exactly Sir.

Ivory and Cream colors for me in Naija.

Easier to spot snakes on them

ThatHistoryGuy:
Don't mind those against you using black tiles for sitting room. Believe me it's one of the best options for sitting room. It always turns out awesome