Badgers14's Posts

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Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 9:26pm On Feb 03, 2024

michlins:
so like this, which way biko cause it's like an looped circuit with no exit

The situation on ground.. seems like economic sabotage Promax. I thought it was bad during GEJs tenure.. Buhari's government was worse and Tinubu's government goes hold my beer.

For lack of better word.. it is like a hopeless situation.. and almost irredeemable...( but I do hope and pray for a miracle for it to be redeemed)

It's makes me sad to see how things are bad for the common man.

Like we all are discussing building construction here.. now let's say someone managed to raise $63k to build a house in this current clime.. now where you go see legitimate tenants that would rent the place?

How many people can comfortably afford the high rent at this time, even yahoo boys sef... if you allow them in your property and stomach their wahala.. when there rent expires.. it is usually war for them to pay.

Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 8:11pm On Feb 03, 2024

gbadexy:
Rent was probably lower in naira at N367 also but it would still give much higher equivalent in dollars.

Well not by much in average though..

I don't know if this is an outlier but the actual building I used in my calculations here.. rent was 700k/yr in 2020 and the rent is still same in 2024.

Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 7:26pm On Feb 03, 2024

gbadexy:
No western union money transfer outside Nigeria

Although there are alternatives... say you do transfer for others that need it.

The pesin would want you to transfer at bdc rate of 1525.. say man got 3m in rent and want to use it for one or two at base.. 3m would give ya $1,967 (@1525/$1).. that's is not even enough to pay one month rent for many people .

Compared to 367/$1 that would fetch $8,174 (for 3m)

3 Likes

Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 7:09pm On Feb 03, 2024

gbadexy:
You got me scratching my head sir.
I think last year the value is about a million while it is around 1.5 million today.
I think it's nero2424 that once told me that the increase in price of materials in Nigeria doesn't bother diasporas.
The dollar is not going anywhere, it's the naira that is bolting.

Exactly, for diasporans.. as bad as it sound.. now is the time to build .

2019/2020 to build 6 flats of 3 bdrm from foundation to finishing is 38-45m at exchange rate 356 - 367 = $122,615 ( 367 /$1).

This year to erect similar project would cost about 80 - 92m at 1,525 per $1 would give us....wait for it.. wait for it... $63,000.

Half the cost!!!

But the problem is that the money is trapped in Nigeria, when you want to wire the money back to abroad na when you will be crying wah wah grin

1 Like

Crime › Re: Japa: ‘many Nigerians In Forced Prostitution In Belgium’ by Badgers14: 3:35pm On Feb 03, 2024

Dittodat:
Na to experience the vices at the district na.
A little smoke and some actions. Smoke was illegal almost everywhere back then.

Yehn yehn yehn.... grin

1 Like

Politics › Re: FG Not Considering Converting $30 Billion Domiciliary Deposit To Naira. by Badgers14: 10:52am On Feb 03, 2024

RepoMan007:
No dollar no dollar yet we have so much dollar seating idle and hoping it sells for N5000.
Now the exchange rate has been collapsed properly, those speculators will start scheming to have the naira weaken on both windows so they can sell with profit. I blame the FG who kept pumping cheap dollar into banks and trusting them to sell it cheap.

CBN weren't regulating the flow properly... at least according to what former deputy governor of Kano said a week ago.

8 Likes

Politics › Re: FG Not Considering Converting $30 Billion Domiciliary Deposit To Naira. by Badgers14: 10:51am On Feb 03, 2024

Sports › Re: Angola Congratulates Nigeria by Badgers14: 10:48am On Feb 03, 2024

Zonefree:
Nice one Angola.

But, why dem add cutlass for their national flag?

They are comrades...

Na there vawulence start as dey no gree for the Portuguese colonial masters grin

Crime › Re: Japa: ‘many Nigerians In Forced Prostitution In Belgium’ by Badgers14: 10:44am On Feb 03, 2024

Dittodat:
Na today?
I still remember seeing Nigerian prostitutes in the Red light district in Amsterdam more than 26 years ago. This has been going on for long time.

You sef, wetin you go find for red light district grin

1 Like

Education › Re: Nigerian Students Abroad Groan Over Naira Free Fall by Badgers14: 8:33pm On Feb 02, 2024

1 Like 1 Share

Travel › Re: Traveling To Nigeria With An Expired Nigerian Passport by Badgers14: 10:57am On Feb 02, 2024

erico2k2:
You are talking lur own story ..nobody can stop anybody to leave to thier country as far as the yhold a valid passport for thier country..B4 now check the post how folks here said yiu cannot travel with an 3xpired passport.U seeing iga at the top is u encouraging corruption and all the things we frown against at the airport.

Oga sir, my suggestion is to follow what obinoscopy said earlier.. if you are able to renew your passport while in Nigeria, please do it even if you don't have the renewed passport, have documentation that proved that you have initiated the process.

That I saw oga at the top doesn't mean anything exchanged hands.. after much preaching from the oga how they are trying to make Nigeria better etc.. he said he will let this slide because I was not doing ' big man, do you know who I am" that I was conversing with him in a calm voice and explaining my situation.. they know there was passport scarcity at the time but they still want people to make an effort to do the right thing that's why the paperwork that proves the process was done will suffice.

Abeg, let's leave big grammar aside.. please if you are able to renew it in Nigeria, do it otherwise they could frustrate your movement and you might miss your return flight.

See screenshot from U S department of state website..

Travel › Re: Traveling To Nigeria With An Expired Nigerian Passport by Badgers14: 12:50am On Feb 02, 2024

erico2k2:
I think you forgot the part where I said I have a British passport.

Nigerian immigration do give folks hard time while leaving the country with an expired Nigerian passport even if you carry a valid foreign passport. ( speaking from experience, I had to go see oga at the top in the office).

Politics › Re: Why I Cannot Work With Labour Party, Sowore Opens Up by Badgers14: 7:53am On Feb 01, 2024

Who told him labour party wants to work with him?

54 Likes

Business › Re: CBN Imposes Limit On Banks’ Foreign Currency Exposure by Badgers14: 9:03pm On Jan 31, 2024

Nonsense journalism from business day.. what does the whole thing mean.. how does business day think this would affect our current economic situation?

Journalism is just dying and free falling like the naira

8 Likes 2 Shares

Politics › Re: Court Orders Arrest Of Fubara's Chief Of Staff, Edison Ehie by Badgers14: 6:49pm On Jan 31, 2024

Ohraykon:
Wike howfa you no go face kidnapping wahala for abuja

Wike should leave Fubura alone and focus on his job as FCT minister

5 Likes

Politics › Re: Court Orders Arrest Of Fubara's Chief Of Staff, Edison Ehie by Badgers14: 6:48pm On Jan 31, 2024

Dpharisee:
Another court in Rivers restrains Police from arresting him. Wike group are getting injunctions from FCT High Court, the Fubara group are getting counter injunctions from Rivers High Court, our judiciary is messed up

Business › Re: Naira Trades At ₦1,520 Per Dollar by Badgers14: 2:53pm On Jan 31, 2024

Chai

Business › Re: Naira Continues Free Fall On Official Window, Trades N1482.57/$ by Badgers14: 9:07am On Jan 31, 2024

It is finished 1
!!

Politics › Re: Wike Approves ₦‎30.9 Billion For Rehabilitation Of FCT Schools by Badgers14: 3:57am On Jan 31, 2024

YinkaOlusesi16:
Money dey this country oooo but in the wrong hands.

Our problem in this country is mismanagement of our resources.

Our brothers and sisters outside of the country repatriated more money than the national budget for many years in a row now.

So basically if the national budget is 1m, our families abroad repatriated 1.2m extra making it 2.2m

But our politicians can't stop looting.. they relooted Abacha's returned Loot..

No project of substance.. we don't have 24hrs power supply... our road networks are bad.. our school systems from primary to tertiary is bad..

Multinational companies are leaving the country.

When you need to pay your kids school fees abroad or your supplier in China..

Bank tells you they don't have any dollar but direct you to BDC. You go to BDC and buy dollar to deposit in the "bank" . The bank turns around and sells that dollar to BDC and the circle continues.

Now tell me, why can't we just walk in our bank and request for a wire transfer and the bank deduct the money in naira and wire the money to the respective recipient abroad? It's not like our bank will carry that cash we deposited to go and deposit the cash abroad .. they still conduct the transaction electronically?

So why don't they conduct the transaction electronically from the get go instead of the merry go round with the BDC?

Kidnappers will kidnap someone and collect ransom via wire transfer or have the victim empty their bank account to the kidnappers account..

The police find it hard to track the kidnappers? Why can't the police work with the telecom companies to track the cell phone of the victim and the kidnappers? Why can't the police trace the bank account that received the ransom and arrest the owner of the account?

People are missing daily but police can't work with telecom company to track their cellphone.. check their last few calls and text and query the last individuals the victim communicated with to get some lead.

A politicians will loot and just share bags of rice during election and people come online to praise them instead of demanding good governance.

Politicians will share Okada as empowerment during election then ban Okada when they are sworn in.

We all know what's right in this country but will not do it.

11 Likes

Politics › Re: Wike Approves ₦‎30.9 Billion For Rehabilitation Of FCT Schools by Badgers14: 3:44am On Jan 31, 2024

YinkaOlusesi16:
Money dey this country oooo but in the wrong hands.

Sports › Re: Super Eagles To Play Friendly Against Argentina In March. by Badgers14: 8:51am On Jan 30, 2024

Osaze in the second picture looking at Messi like..

"I want to be like you when I grow up"

Politics › Re: Atiku’s Spokesman Daniel Bwala Meets President Tinubu In Paris (Picture) by Badgers14: 7:38am On Jan 30, 2024

Nigeria is a funny country... we endured Bubu that was frequently out of the country for 8 years and elected another president that is frequently out of the country for medical reasons..

What happened to our "top class " medical institution they built for us in Nigeria?

Health › Re: How Bandits Cured My Acute Idiopathic Pollakiuria In Their Den - Benue LG Boss by Badgers14: 12:25pm On Jan 29, 2024

Sleekfingers:
I remember, what an elderly man told me, during my NYSC in Cross River. he said, cure for every disease available around us. Especially herbs, roots, fruits, barks, insects etc. But knowing the right combination or application is the problem.

But the bigger problem is "big pharma".

Drugs they sell for millions of dollars in profit and you want to cure the ailment with banana leaves??

They will do whatever is in their power to frustrate that effort..

2 Likes

Sports › Re: Equatorial Guinea Vs Guinea: AFCON 2023 Round-of-16 (0 - 1) On 28th January 2023 by Badgers14: 10:10am On Jan 29, 2024

AndroBlaze:
Oga which kind mathematics be this, our population is more than a 100 times their size from yor maths their.
I also don't agree with you that population means that much unless China and India would have dominated the world or at least their continent in football.

Did you forget India beat Nigeria 99-0 grin

Sports › Re: Arteta Informs Entourage He Will Leave Arsenal This Season by Badgers14: 10:00am On Jan 29, 2024

Being a coach is just nerve wrecking...

Sometimes I am watching a game and I am feeling sorry for those guys.. it seems there heart will fly off their chest..

Even experienced coaches like Ferguson, Ancellotti , you can see the nerve, he probably chews a carton of gum each game..

Crime › Re: ABSU Deputy Vice Chancellor, Prof. Emezue Kidnapped by Badgers14: 10:59am On Jan 27, 2024

Why can't the security agencies utilize the available resources to track down this criminals??

This criminals will empty the wife's account and the police still can't track them down..

Even with all the NIN registration, linking bank accounts to NIN, the police still will find it hard to pick up the person that owns the account that received that money and follow the leads to lead them to the culprits..

When are we going to get things right in this country??

50 Likes 1 Share

Politics › Re: Samuel Nwanosike Apologises For Calling Fubara A "Foolish Governor" by Badgers14: 10:54am On Jan 27, 2024

He should apologize to the person he offended..

Apologizing to Nigerians ke?

He just tendered an apology for the sake of tendering an apology..

He called a governor foolish abi? If he felt remorseful, he should apologize to the governor first, then others

62 Likes 3 Shares

Politics › Re: FG Lines Up 140 Officials To Assess Tinubu's Ministers by Badgers14: 9:58am On Jan 27, 2024

Agboriotejoye:
1. Minister for Petroleum should go for missing the PH refinery deadline and also for Dangote refinery yet to come on stream by end of January.

2. Minister of FCT should go for overheating the polity and playing crude politics while Abuja was being ravaged by kidnappers

3. Minister of Sports should go for demoralising the eagles by claiming the president is not impressed by the fact that they qualified out of the group.

4. Minister of Finance should go for his mismanagement of our fiscal policies. The budget deficit has widened and the supplementary budget was badly implemented. Also, his claim of "No More Loan" has turned out to be a lie with another $1.9bn reportedly being sourced after $800m and $3.3bn in less than a year. At this rate, Buhari will look like shylock compared to prodigal Tinubu.

5. Minister of Power for experiencing grid collapses 3 times since this administration took office. The former Minister managed to stem that tide till this dude arrived.

6. Minister for Defence. I don't think much needs to be said here. Kaduna bomb blast and Plateau attacks need no introduction.

7. Minister for Mines for the Ibadan explosion. No illegal miners. Just weak regulations which led to loss of lives and propertiesin the heart of a major city.

8. Minister for Aviation for Abuja Airport escalator not working for 3 months while he's busy doing social media owambes

9. Ministers for Creative Arts, Transport, Marine and Blue Economy, Steel. What are they doing anyway?

Feel free to add yours

Infact , everyone should go..

Let them share the 2024 budget to us Nigerians so we can sort ourselves out.. the suffering is too much

Properties › Re: Sanwo-Olu Launches E-GIS System For Land Verification Before Purchase by Badgers14: 6:56am On Jan 27, 2024

Good initiative..

All the states should implement this to reduce criminal and fraudulent activities in purchasing a landed property..

8 Likes 1 Share

Culture › Re: Oyinbo Man Speaks Hausa Fluently (video/pictures) by Badgers14: 10:41am On Jan 26, 2024

A foreigner speaking Hausa in Kano?

I was shocked when I saw a Nigerian speaking German in Berlin.

3 Likes

Business › Re: Kingsley Moghalu Reveals The Problem With The Naira by Badgers14: 10:14am On Jan 26, 2024

We know what is right in thus country but won't do it....

Saudi Arabia have billions of oil reserve more than Nigeria but in the past 10 years, they have been aggressively diversifying thier portfolio and investments to avoid total reliance on oil.

In addition to this , the Nigerian government does turn blind eyes where there's an obvious room for improvement like the over reliance of dollar.

Yesterday We heard from former deputy governor of Kano state that BDC is unregulated sector, CBN doesn't know what is going on there.. they pick up money from the government house with bullion vans in broad day light..

When one go to pay their kids school fees or their supplier abroad.. they bank says they don't have dollar and give them BDC agent to contact to buy the dollar..

The customer comes back to the bank to deposit the dollar purchased from BDC .. then the bank turns around to sell the dollar to the BDC and the circle continues..

Why can't customers just walk into their bank and initiate the wire transfer? Their bank withdraw the money from their account in naira and transfer abroad at an official rate?

It is not like the bank will pack up the cash and travel to China to deposit the money in bank of China, the transaction is done electronically.

So why then do customers need to go to BDC to buy dollar to deposit for the transaction huh

Abachas loot, what did the government do with the money?

Had they targeted that the Abachas loot would be used to enhance the power sector and national grid to make sure the country has sustainable 24hr powers supplier that would inturn decrease the cost of doing business and create more employment..
But no, they listed big big name white elephant project for the money all to reloot the loot..

Properties › Re: The Total Cost Of Building The House You Want. by Badgers14: 9:39am On Jan 26, 2024

spyder880:
Did you even believe them? I didn't.

My brother, I thought we were matching to a better Nigeria grin

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