₦airaland Forum

Kenn55:
So the average Joe in Lagos can buy a house abi? Rich people anywhere in the world can afford to pay cash for a house. You are comparing rich Nigerians to average Nigerians abroad. Compare average Nigerians in Nigeria and abroad.

Have you bought a house in Lagos before? Do you know how much it takes to buy a 3 bedroom terraced duplex? In common Ogudu, you can't buy anything reasonable with less than 200m naira not to talk of high brow areas of Lagos.

John is a brilliant Nigerian, graduated and got a job in Lagos where he earns 1m naira a month. Let's assume John will rely on his salary only, no corruption involvement to make extra money. Let's assume John will save 10m a year from his salary, how many years will John save up to 200m to buy a house in Ogudu? By the time he saves that amount the houses prices have jumped to 300m.
So what option does John have to buy a house in Lagos where he lives and work since he doesn't want to rent forever? Start looking for corrupt ways to enrich himself to make money faster, looking for somebody to use for rituals to make money, becoming a politician etc. With his legitimate income, he can never own a property in Lagos, this is why there is too much corruption and ritual killings in Nigeria.

However, if John lives abroad, the system tells John, get 5% of the cost of the house, we will give you mortgage to buy it. Pay the balance for 20 or 25 years. John buys the house and start enjoying it immediately while he keeps paying the balance. Each month John pays his mortgage, he reduces the amount he owes on the house. If after 5 years or anytime John gets tired of the house, he can sell it back and pay back the remaining balance he is owing on the house. Luckily for him, in most cases, the house he bought for 200m would have appreciated to like 210m after 5 years so he makes some good profit on the house.

So you can see that John can actually enjoy a better life without being rich or putting his hands into corruption or bad things to make crazy money. With this, there is less corruption in the society, nothing like ritual killings or desperation to make millions. Everybody benefits both rich and poor.
But Nigeria tells people like John to get rich or die trying, there is no in-between. The result is why our society is what it is today.

Most Nigerians abroad are common and average middle class Nigerians like your daily workers in Lagos. So if an average worker in Lagos can't cough out like 200m to buy a house outright in Lagos, how do you expect an average worker abroad to cough out hundreds of thousands of dollars to buy a house outright?

Good points you made, albeit long.
However you miss a few things.
1. The post was about upper class Nigerians throwing in the towel to move abroad because they believe 'naija don cast'. They may end up living a life below the standard they left behind. It doesn't include John. Someone earning 1m today is similar to someone who was earning 250k in 2015. They are not upper class Nigerians.

2. There are mortgage loans in Nigeria too. The criteria is different from abroad but it is there and thousands of Nigerians who know are using it.

3. Lagos is not the only city in Nigeria. There are at least 37 other cities. Most are cheaper than lagos. Less than 12% of Nigerians live in Lagos. 200 million duplex in enugu is a mansion.

justwise:
I think you should give yourself one, paying outright makes little or no financial sense unless you are not interested in building weath

no wahala, to each his own. Whatever works best for who

This was a breach of protocol though

justwise:
[/b]

You really lack finanacial education.

Even the mega rich don't pay outright even as they have the money

lol, I'm an accountant. Giving financial education is my job.
Interest rates and credit risk means the house you were sold 1 million cad would end up costing you over 1.3 million cad when paying instalments.
How do you think banks make their money!
The only time I suggest credit is credit cards. The interest rate is low and the soft loan comes in handy and increases your credit score once you pay. But if you can afford to pay outright, always choose that option, chances are you are getting it cheaper

justwise:
If this is your knowledge about mortgage why then did you go into it and not renting?

because it's still better than renting but worse than outright purchase

justwise:
Yes and i can pretty much guess your next comment

well i will still say it, as someone who is currently paying off a mortgage, outright buying and mortgage are not the same.
Nigerians own their homes, banks own the homes of most Canadians. The difference becomes clearer if you fall on hard times.

Love800:
It doesn't matter whether there are safe estates. So wont you come outside of the estate to go to work, negotiate business with someone or purchase something? The poverty revolves around. It(results of poverty) may still cross your path as far you move around!

so how come there are still rich men in Nigeria? Why haven't they been killed?
How many rich people were killed in your state last year?

Love800:
Your country is a poor under-developed place with poor jobless niggas littering the streets. With your large money, you will still be affected with bad situations one way or the other!

there are safe estates all around Nigeria. I'm sure even in your state, there are big business men and even foreigners living and working there safely

legacystore:
Funny

Less than 1% of Nigerian population can earn 4million naira monthly what is common is 4 million yearly that is 300 to 400k monthly

the post is for those who earn 4 million monthly but still wan japa. Dont.

justwise:
[b]

This is just am ignorant statement, anyone earning 10,000 Canadian dollars a month will be able to build a house in Nigeria and buy one in Canada and still be sending money home.

you mean 'and mortgage one in Canada' if I hear say dem fit buy

MTNnews:
Does this also apply to Obi for dumping APGA n PDP or you are just being foolish like many of you seneless obidient ipob ?or is Reno your president ?!

Doesn't apply. For many election cycles, APGA adopted PDP in presidential elections. Apga was like anambra branch of PDP.

Someone who is earning 4 million naira a month in Nigeria (3000 usd) is richer than someone earning 10,000 Cad a month in Ontario, Canada.

With your 4 million, you are earning almost 50 million a year. A nice duplex in Enugu can be as cheap as 100 million. Your 2 years salary can get you a duplex.
A duplex in Canada is about 1 million cad. Your 120k cad a year will need to be saved for about 9 years to get you the same duplex.

Then there is the issue of community. You have a social life in Nigeria. It comes easy. In Canada, you have to make extra effort to have what resembles a social life.

Most successful Nigerians lived abroad for a while and came back. Think on it if you are a big person in Nigeria currently. The grass is not greener on the other side

The only fools capable of making such statements in Nigeria are El Rufai's family and the other tout who works for Tinubu in Lagos as transport coordinator mc oluomo

SoftSport:
Yes, you can exchange Australian Dollars (AUD) in Nigeria, but it might not be as widely accepted as major currencies like the US Dollar (USD), British Pound (GBP), or Euro (EUR). Many Bureau de Change operators in Nigeria primarily deal with these major currencies. However, some larger or more specialized ones may accept AUD, especially in cities like Lagos or Abuja.

To exchange your AUD note:

Visit major financial hubs: Try Bureau de Change operators in areas known for forex trading (e.g., Lagos Island or major airports).

Contact banks: Some banks in Nigeria may also exchange AUD, although the rates might not be favorable.

Explore online groups: You might find individuals or platforms willing to exchange AUD for Naira.

Consider alternative exchanges: If you struggle to find a Bureau de Change that accepts AUD, you could consider exchanging your AUD for USD, GBP, or EUR while abroad and then exchanging that currency in Nigeria.

It's always a good idea to confirm rates and availability with the Bureau de Change before visiting.

na for Enugu i base

Does anyone know this for sure?
Is it only pounds, euro and usd?
I have 50 AUD note

madridguy:
Nothing can happen to the reputation of Islam. So for asking you a simple question I've suddenly turned menaces You can call us any names but no Muslim will ever hide his/her religion.

The reputation is already bad. In 2015, even the president of Iran urged Muslims to improve Islam's bad reputation. Even Ghadafi said Islam's reputation was bad and that people like Bin Laden should not be allowed to shape Islamic ideas.
The Saudi Arabia is among countries that have refused to establish diplomatic ties with the Taliban. UAE is quickly trying to build a society above Islamic restrictions.
Even in Nigeria, Dangote has said he wished his people in the north will move away from fundamental Islam and be more like Yoruba Muslims.

goatandyam:
Still dey play. Abdulmutallab entered the chat.

I m sure you know how rich that was.

that's why I said especially women

madridguy:
You need to sit down yourself and study world politics to know some certain things. Some people you tagged terrorists are some people freedom fighters.

Terrorism is just one aspect of Islam's reputational problem and it's so cute how you switched from no Muslim can deny their religion to terrorists are freedom fighters. Forcing women to hide from public, is that one freedom fighting too?
This thread is for moderate Muslims not menaces that further worsen the reputation of Islam, such as yourself.

madridguy:
Mention the country you live and let me google the Muslim percentage there. No Muslim will ever hide his or her religion.

Toh at the bolded. Of course a fundamentalist believes in extremes. Out of over 1.4 billion Muslims in the world, not one is capable of hiding his/her religion in certain circles.
Toh

madridguy:
Big lie. Stop telling lies for useless likes.

Well I live abroad and I know many Muslims who don't like to talk about religion and things like that. They just do it privately. I guess they are afraid of being judged

goatandyam:
Moderate muslim? Dey play.

They are all the same thing. Doubt this at yoir own peril.

They are all walking potential terrorists.

lol, I believe some Muslims (especially women) are going to be apolitical and just follow the religious doctrines. Don't you think? For instance Dangote's daughters or children of the elite.

Today is Friday and I wish all Muslims a peaceful Friday prayers.

Non-muslims like myself form opinion of Islam by looking at Muslims and their actions. Our parents did not indoctrinate us to see islam the way we do. We just watch the news and interact with muslims. There are other religions like Hindu, Christianity and Buddhism with billions of adherents just like Islam. But Islam is one that spectacularly stands out as 'off-ish' to neutrals.

Terrorism, violence, restrictions of women, hard-line laws, repression, political ideology, aversion to modernity etc are some of the things that Islam has become known for.

Many Muslims feel uncomfortable identifying as Muslims in certain circles.
How do you feel about the reputation of your religion? How does it affect you? Do you want the reputation to change or are you ok with it?
Can we hear from you?

budaatum:
Tunisia is about as close as it gets.

• Men and women in Tunisia have equal divorce rights

• Domestic violence is illegal

• Abortion is legal for any reason for the first trimester

• Birth control is available over the counter.

• There is no law against not covering your head.

• Workplace discrimination is illegal.

Tunisia still has a lot of problems (being LGBT is still illegal, etc.) but in comparison to many other places they are doing very well. (Quora)

that's great. Hope you realise though that this is an exceptional case. Which means it doesn't represent the norm

budaatum:
Is it Islam that represses or is it ignorant fuqs oppressing with their own corrupt version of Islam?

https://www.nairaland.com/8306529/muruna-tatawwur#133539369

tell me one Islamic society that gives women equal rights as men?

EmperorCaesar:
Number 1 is correct. Sometimes, i used to wonder if their morning starts by 11am
Number 16 is quite true too


Just read through. You couldnt have said it better.

As for the population of Northerners in Anambra, I guess it says more about the region than the Northerners themselves. Aside Deltans(linked by state boundaries), its very very very hard to see non-Igbos in Anambra(excluding Onitsha). You could just walk into anywhere and speak igbo and most times, 100% of those there are Igbos

Why compare them tho?

Lol, of course it's entirely weird to have more northerners in Lagos than in Anambra. BTW, how many northerners live in Ibadan compared to Lagos?

AK481:
Isreal arms kurdish separatist and they are their natural alien in the mid west .

Heard of PKk,YPG and persmerga?

no. Explain

jazzman7711:
Was there any country called “BIAFRA” before the colonial invaders came?

Did Igbos even regard themselves as one people?

NO THEY DID NOT.

They WARRED against each other.

You lived in INDEPENDENT CHIEFDOMS which regarded their fellow Igbo-speaking neighbours as FOREIGN COUNTRIES.

So this your nonsensical “Igbo kwenu” tribalism and “Biafra” sentiment itself is a DIRECT FUNCTION AND PRODUCT OF BRITISH COLONIALISM.

Nigeria as presently constituted can and will be the world’s first genuine black superpower since Ancient Egypt.

Can? Yes. Will be? Probably not. Because our best days are fast going behind us. We are gradually losing our economy. It would take a major restructuring to start growing economy again. We also have not managed to put aside our differences after 64 years of independence. We are still as Awolowo described us, 'a mere geographical expression'
Also 3 nations were brought together in 1960 to federate and form Nigeria. Gowon destroyed that by creating 12 states. Successive fulani military men managed to up that to 36 mushroom states that struggle monthly to pay salaries. Monthly minimum wage is less than 50 dollars and even that is hard for these states to pay on time. States created simply to share oil money and give undue advantage to North

Exousiang01:
Okay now I see you are a child.
Please go and read for your WAEC

Throwing insults about does nothing but expose you as someone to be ignored. My last reply to you

Exousiang01:
so with the diplomatic relationship China and Russia has with one of the strongest nations in Africa you think they will throw that away for a nobody like Biafra in the middle of war....
Every nation wants a strong partner, These nations will not destroy their relationship with a string nation Nigeria for a mushroom nobody community like Biafra.

Or you don't know why Nigeria was invited to the last BRICS meeting in SA before this previous one in Russia?

The BRICS need the power houses in every continent not some government in exile with less that a 1000 troops and zero global economic influence....
Like I asked earlier, How old are you.
You don't seem to know anything about international politics.
You think Iran with what they are facing right now will come to help Biafra

Are you even educated?
Don't you know the process of getting independence?
Don't you know it's your house of Assembly and national assembly members that would push for it?

Who do you think will loss if a war breaks out?
You thinl you 5 local governments can hold the Nigerian Armed forces
You must be less than 5years old

Lots of insults, little substance. Typical of a Nigerian.
First of all, countries have supported countries to break up in Africa in the past. Somalia, Sudan and Ethiopia all broke up by groups that got foreign support. Also countries go against allies all the time. When the South Africa wanted to Anex Lesotho and Namibia, UK refused. Even though South Africa has a large British population.

Russia and China may not be interested in fighting Nigeria today. However tomorrow may be another matter. Nigeria being invited to a BRICS meeting is of little consequence. Nigeria is not part of Brics and Nigeria does not hold any strategic importance to either Russia or China today. They may not interfere because Biafra means little or nothing to them.

However Iran can interfere, has the capacity to interfere and has the incentive to Interfere. What they are facing today makes it even more pertinent for them to arm more proxies around the world and expand their influence. That is the only way their regime can survive. The Biafran territories have oil and gas that would appeal to them. And being able to defeat a Western-backed government in Africa sends a strong message to the west that Iran is not defeated.

Lol Nigeria has said over and over they would not negotiate its unity. This simply means that no political mediums to achieve Biafra, only military ones.

Exousiang01:
So you don't understand how international politics works right now.
You think any country even the world powers would want to have issues with Nigeria?
How old are you again

Lol this is very funny and laughable. You are the one I should be telling this to.
As we are currently speaking, many countries are arming groups in other countries to cause mayhem, to achieve certain objectives your apparently small mind won't comprehend. Nigeria is currently not a top 3 economy in Africa. Nigeria is currently not a top 3 oil producer in Africa. Why would a world power feel so particularly averse to having issues with Nigeria?
Nigeria is under the protection of UK as its founder. Countries that align with or fear UK will not want to interfere in Nigeria. But that does not include countries such as Iran, China and Russia etc. They will interfere if they want and nothing will happen

NaMe4:
The likes of Nnamdi Kanu, Simon Ekpa and co do not have such capacity even within the SouthEast. These guys can't even influence a change of government within any of the SouthEastern states. In fact, there's no evidence of any form of positive development in the S/East anchored by ipo.b. Only armed gangs who intimidate and kill poor, striving citizens in the name of sit-at-home. They can't even take the sit-at-home madness to their government houses.

they can influence a change of government. Hell, they brought sit at home and it has been largely followed for 3 years. If they flex that change of government muscle, they will achieve it. They however play as being above Nigerian politics.
One thing about Nigeria and Nigerians is they underestimate a security threat. Only a typical Nigerian would write off kanu and ipob as not being influential. Hezebolah had an army stronger than Lebanese military but never interfered in the governance of lebanon

jazzman7711:
You have just said a whole lot of NOTHING.

Utter nonsense and trash.

Nigeria is standing, and is developing FAST, and is going nowhere.

Nigeria is not fast developing. Nigeria is not even among the top 20 fastest developing economies in Africa. But I like your patriotism. Hope your patriotism is to Nigeria and not to your ethnic group, otherwise toh