₦airaland Forum

BRATISLAVA:
It makes one wonder what the people we come in contact with want from us: to enjoy our company, or to use us ruthlessly?

I sometimes think of that person. Wonder how decades of "friendship" vanished just like that. I can understand why they would do it, I can understand that it is jealousy today.

Lord help us all to stay above human evil in this world.

Amen dear.
It’s well

BRATISLAVA:
That's human nature for you. Humans are selfish and evil things at heart.

No matter how nice and sacrificial you are to/for a person, they wouldn't raise a finger for you in the littlest of things. Most of them are jealous of you, waiting for when they can gloat, and you'll never know that until you eventually do. I can't tell you the deep jealous cruelty I never knew my "friend" had for me, until I didn't have something they had. I was not even asking for something, just didn't happen to have what they had when they had it. It was a painful, hard lesson, and I couldn't understand why then. Now I do.

The only thing you can do with humans is make acquaintances of them. Friendship is for the weak. Help for the weakest.

Hmmmmmmmmmm

You are truly right.
Had a friend whose mother and him usually come closer to us then and wanted me to date and marry their daughter because they believe I am doing fine and has good future.
He was struggling with 30k job here in nigeria before his mum processed US visa for him 10 years ago.
When he left, they all started avoiding us and feels they are better than us. I don’t know who gave them that perception anyway.
He started come in and out of nigeria silently to avoid only God knows who.
My parent were disappointed when they mistakenly met at the bank.
My dad was like….. when did you come to nigeria? Since when? And you didn’t contact your friend?
Life.
We moveee

Regex:
Oyibo can not pronounce my name.


Sometimes if I want to have a laugh, I tell em to pronounce my name.

Regex:
Emmaodet, I now understand why my mum never gave me an English name.

smiles bro.
I never did also to my children.

i gave them native names. Anyone who is not satisfied can hug a transformer.

HARDESTNIGGAINT:
DONT LET THEM SCAM YOU WITH

"AFFORDABLE GENERATOR FOR FOR SALE"


BUY A NEW GENERATOR

Hmmmmmmmmmm

Oluwa oooo

Thought the deity Sango left the world a long time ago, never knew he came back in another form and body

Heyzee5:
Man, I love your explanation; very leyman friendly. Thank you.

Uwc bro

LagbajaTheBEREAN:
You've done a great job with this, I will go with your explanation, Sir.

I'm grateful for taking out your time to educate me.

You welcome bro

Acidosis:
Ahhh BRT WIFI and Cowry cards are parts of Tinubu's projects?? LMAO


How can these insa.ne men lie so much and expect sensible Lagosians to root for their godfather??

How can you steal Ambode's contemporary legacy for the corrupt artefact from Osun? How could Tinubu had thought about a revolutionary project like Cowry and public WiFi in 1999??


Una don cr.ase finally.

Studymore123:
Sir, don't take what I said too personal. You should be happy for what you're achieving. I don't compare my life with others, because everyone will decide what they want in life, I only gave my 20 kobo. One thing I know is that anything can happen anytime because this life nor balance. Send me your contact make you create connect.

People hardly think about enjoyment.
If they are not saving, they are mounding blocks etc.
common. There is more to life than working working working. I just hate it.
Go on vacations, concerts, beaches, cinemas, outings, picnics etc
And these things are not even that expensive to start with. Just that people are so programmed that it is only work, work, work they see.
If not working, they are bleeping or using the little money they used to buy a car chasing ladies up and down.

Treadway:
lol. You are one very funny person. How is diaspora remittance boosting economy or keeping the country afloat? Na wa o. This your own economics na ghenghen. It ain't a major part of GDP so it ain't boosting any economy. If not for how the elite class has pauperised Nigeria, which slightly sensible nation will bank on diaspora remittance as fundamental to GDP, boosting economy etc. Nigerians are complaining about high Forex, but we are fuelling it big time. The demand is tooooo much because of Japa. Now this is backed by economics. I want this wave of Japa to subside ASAP, hopefully by end of 2023 make everybody wey wan cut out don cut out, so that naira can start recovering. Hopefully we won't have a more morose and inept CBN gov like Emefoole

Below is GDP of India 2021 - 3 trillion
Diasporans - 87billion
That is about 2.5% if I'm not mistaken. Do this same calc for Naija and see the percentage. Maybe if all 200millionof us leave sha, until then your theory no click. C for cheers

Moreover, diaspora remittance is not actually coming from many Nigerians in abroad ridden with loans/debts to service their house mortgage or cars not is it coming from many who are saving to pay tuition huge fees. This remittance is mostly coming from exporters.
They export snails, dey pepper, honey etc just name it and need to remit the money back to nigeria.
That money is been sent back by business men not employees that barely survive.

Krismas:
Here u are! U say Inflation and interest rate move opposite direction and inversely related. Only for u to explain a direct relationship and moving in the same direction. One go up, d other go up too. And one go down, the other go down. That’s directly proportional

You raise interest rate (goes up) to bring down inflation rate (goes down). I think this explains it better.

Ex0rrcist:
Oga devalue the currency, let's know where we are headed. An economy with two exchange rate is bound to collapse, ask Sri Lanka. Devalue the currency to meet the current market rate, so this will enable him to control the situation. But no, mumu man working for mumu president with stupid economic decisions. Can't wait for the next dispensation, honestly this government is really terrible.

If not for the high level of corruption going on in this government, haven't they suppose to remove subsidy by now. Dollar is 725, they exchanged dollar at 425 among themselves, since they are only there to add to our woes. How will they even understand the pains of ordinary Nigerians hustling under the hot sun when all they do is antipeople.

No sir. If the cbn moves the forex rate close to black market, the abokis will move their own again to like 850 to make it attractive to people.
Because there is no point changing money from aboki if the forex rate is close.
People will start looking at security, it is a risk changing money with abokis because you can be attacked after changing money, abokis can give you fake notes. So why taking such risk when there is little difference between the two exchange rates? But presently, the risk is worth it.
So cbn moving it closer to black market will only cause more disasters

LagbajaTheBEREAN:
I still don't get it, will the interest rates reflect on customer accounts?

That is why the developed countries run on Loans.
That is the number one factor driving their economy.
If you want US and Europe to crumble, increase there interest rate just to 5% per annum. Just 5.
People will start avoiding loans, there will be many defaults from individuals and big companies who have taken loans to establish expand.
It will result in job loss which in turn leads to more lower demand in goods and commodities which will continuously trigger more company close downs, more job losses and less demand for goods also.
That is why it takes very little to crumble such economies unlike we - he that is down needs fear, no fall na him be our own.

LagbajaTheBEREAN:
I still don't get it, will the interest rates reflect on customer accounts?

No sir.
Interest rate and inflation goes in opposite directions or let’s say inversely proportional.
If there is inflation in a country - too many cash in the hand of people chasing fewer goods thereby driving the price of the goods up, cbn kicks in and raise interest rate to cub the menace.
It is one of the tools used to push back local currency again dollar and also brings down the price of commodities.
Examples -
Let’s assume cbn drops interest rate to 0.5%(this is what they use in Europe and US), it means cbn prints out money and give it to commercial banks at 0.5% and they the commercial banks will add there own (let’s say another 0.5% to make it 1% total because interest rate is the major source of revenue for banks to pay salaries and expand) and the push out this money and borrow citizens.
So in total, a Nigerian who goes to bank to borrow money to buy equipment for his business in china, the one that borrows to buy car,electronics at home, buy house on mortgage will only pay 1% per annum on the loan.
Imagine taking a 10m loan to build a small 2 bedroom flat payable in 20 years.
That is less than 12m in total to pay back in 20 years. It is attractive. Isn’t it?
The joy of having your home and paying back just )00k per annum or 50k per month.
That means a family where the hubby earns 100k and wife earns 50k can easily pay their house mortgage of 50k per month while still have 100k to feed the home.
This is the reality with most people abroad.
They live on loans. Cheap loans.
So attractive and very easy to get into and you work your entire life servicing loans and praying you don’t lose your job or get laid off.
Segun travels to america and within 6 months uploading his car and house. Meanwhile he will have to work next 20 years clearing it.
Now
In the cbn decides to raise interest rate from 0.5% to 15% just like nigeria. Banks will add theirs factoring in yearly inflation rate of 10-15%. They want to make money and profit too
So first they won’t borrow you a long term loan because you will default and may not be able to pay back. Also by the time you pay back, the purchasing power of the initial money borrowed you would have eroded thereby literally leading to loss for them.
So they give out loans as high as 25-30% interest because they need to make profit too.
People will avoid taking loans which in turn will drop consumer goods demand.
And since demand for commodities have dropped because people don’t have access to loans, producers don’t have a choice than to keep lowering their prices.
Inflation has been curbed but such society hardly grows.
Reason while you don’t see Nigerians taking loans to build houses or buy cars on a long term to ease their pressure thereby making the society to develop.
A 25% interest rate means a 10m loan you take to build your 2 bedroom flat payable in 20 years will result to you paying back 50-60m in 20 years.
Who does that? How is that possible to pay back? Instead of paying 60mback in 20 years, why not just I mould my blocks slowly slowly as the money dey enter they build am small small.
Reason why you see nigeria so littered with incompleted buildings or people moving into shambolic buildings where they use the wife wrapper to cover the windows, unplastered walls, planks to cover windows pending when they have small cash to do some parts and many more.

Na wa ooooooo

I just only hope this is to scare people if not, hmmmmmm the future won’t be funny

pansophist:
Amen, and God bless you too
Anyways I have written a lot, I only hope these youths can wake up and smell the coffee.

This obsessive need to be employed is one of the relics of colonialism. In the past, most Nigerians used to be tradesmen, and employment is actually freelancing, that guaranteed workers freedom and the right to negotiate equally. For example, calling Mr. Alabi to come to clear your farm and pay him off, or the drummer to play at your event. Especially with the Igbos, you can see it through their names. Nnaji means ''father of yam'', Nwosu means the child of a herbalist'', and so forth. From the surname, one can tell the economical pattern of the family. -
You are right. Even me, my surname which i used for my moniker ''ode'' means a hunter. My grandfather was a hunter and farmer. Ogun means God of Iron, so ogunsola/ogunwande etc are from the Ogun's family. Oba is king, Ade is crown so anybody bearing Obasanjo/Adebanjo etc is from the royal family and has opportunity of becoming king.
Names were identities then not now that everyone is forming posh and foreign with Kelvins, Jessicas were you start struggling to identify the country they came from not to talk of region or tribe.

Sometimes I wonder what the point of schooling is if it can't really open the student's eyes, and their mind and make them think and see the realities right in front of them. School now is becoming a joke - It has become the breeding ground for prostitution, cultism etc instead of a place of enlightment and innovation.

If you pick random students in either uni or high school, you will observe that most of their parents are blue-collar workers. They didn't go to school, but they have trade and will train their kids through it and still even feed the graduate while he is busy waiting for a job. How can you explain that? An illiterate bankrolling a so-called literate - smiles. A woman close to me who buy and sell locust beans in bulk from north used the business to build her house, train her 3 kids through university but the children are out now working in a hotel in my place for 30k per month. When i questioned her why the kids can not follow her foot step and trade, she said they claim not to be interested. Can you imagine not interested in what trained them? We lack continuity in Africa.
Our parents and grandparents always die with their trades, knowledge and experiences. My grandfather who was a cocoa farmer with many plantations died last year and i can categorically tell you that he was richer than all his 7 graduate/employed children. What a shame for being educated.
There so many LEGALLY rich illiterates in nigeria than educated folks and that is shameful.

pansophist:
The simple advice would be for him to get back to work, and at this time, should focus on self-employment, not as an employee. In underdeveloped countries where almost nothing is regulated, it makes no sense to be an employee.

As a family man, he should not make the grave mistake of resting his livelihood on the shoulder of employment, especially when his salary is fixed, his employer can just sack him, delay payment, not pay him, and nothing will happen. His salary will be stagnant but the cost of living is going high, inflation is slowly rendering his earnings worthless, in a job that will replace him if he messes up.

Look around you, most people are not white-collar workers. The Nigerian economy is closely 50% shadow economy. The people making real money are mostly traders and business people who are not in white-collar employment. Employment in Nigeria is slavery, don't do it. If you live in the west where systems are regulated, with strong workers union, your rights are protected, with severances and benefits if you lose your job then yes, you may be an employee but definitely not in Nigeria.

So my advice will be that he should start something doing, and make a killing in cash. There are lots of things he can do if he is willing to look down, and not egoistic like many graduates who think some job is below them because they have degrees. A degree only proves you passed through the school, it doesn't measure education or level of intelligence. I will end this with a quote by Carl Jung

.

God'' meaning the desires of our heart. Lots of times, it is right in front of us but because many have developed ego instead of humility, arrogance instead of esteem, and starting small instead of starting big, we miss God. Like Zlatan said in one of his track, ''owo wa l'eko, awon kan wa okay''. It is true. There is money in Nigeria, and many people are okay. You can too if you can enter one industry and give it all your best.

I personally like doing experiments myself. I have done lots of jobs just to see how people doing it earn. I usually talk to everyone from the street beggars to the uber driver, to the conductor and your policeman. I ask and observe, and lots of the jobs people look down on, those doing it are achieving wonders with it. I see youths shouting no employment, but lots of people from other African countries are here doing business and making big money.

I buy bread and ewa agoyin (porridge beans) from a Togolese woman, and she has a house in Aflao. The bricklayer building houses in my street are from the Ivory coast, the man who fry and sells puff puff to those who hawk it is from Kumasi. The nylon that is given to you when you buy groceries, the company is owned by an Indian. All these people are fcking wealthy, and they are there with you in Nigeria, but somehow, because lots of people's eyes cant look low, they miss God.

Pansophist…..my God go bless you …. Say Amen abeg.
I say my God go bless you.
You see, this is what have been screaming on nairaland that there are so many things to do in nigeria. So many opportunities that for me to japa, doesn’t make any sense to me because I see opportunities, I mean opportunities around me.
The Nigerian youths are totally blind and it makes me question Education and School.
If not for stealing and inflation of contracts in private sectors and corporate organizations in nigeria, you will clearly see that the richest and middle class Nigerians are illiterates and drop outs instead of the educated and graduates.
I think you and I have the same mentality and charisma.
Despite working onboard. Pansophist if you see me at home, you will question yourself if truly am working offshore.
If I am not in my factory with my manager on shorts working, piecing machines and coupling it, I am in the farm inspecting crops, sitting at the back of the bike while my manager drives.
I mean, I look literally like other farmers or villagers when on duty but when off duty, I am in my casuals and suits again.
I will always thank my mum for bringing me up in this manner.
She was a hustler. Until her death, she was never idle. She was always doing one biz or the other till her final day on earth and I took her blood.
In my short life on earth, I have seen more LEGALLY rich illiterates than educated/graduates.
Is it the water melon seller? Buying about 25% of water melon trailer every week?
Or the alhaji I bought my beans from? Atleast 2 trailers from Niger state offloads in his warehouse every week.
My former landlady deals in quarry. From there she bought her truck and now she has more than 5 quarry trucks (30 tons capacity/14 tires) with another 6 trailers loading and supplying diesel from depots.
Stinkingly rich. Has many houses in my place.
Is it the bike guys? Do you know how much bike riders make a day? Especially if you own your bike.
A vulcanizer in my place moved to his house 2 years ago.
Many many many more bro
Many more
God bless you abeg.

Nigeria is a third world country.
It is not a country designed for job seekers unfortunately graduates are trained to be job seekers hence the surge in to japa because looking for job is what they know.
They were not trained to see opportunities and grow it rather to work for those who see opportunities and have grown it while looking for ways to steal and manipulate receipts of the job makers and skim them.

pseudonomer:
Is it the same requirement for Nigerians not flying from Nigeria? Like a US/UK/EU resident?

Actually tbh, I can’t say but the requirement says Nigerian passport holder.
So I believe it should apply to anyone holding that passport

Misscaring:
Through agent to avoid stress too. But agents fee will cost more.

Agent is okay and it shouldn’t be more than 100k max.

MYBILLIONS:
Hello, Please I need the urgent services of a good agro business expert. I need a business model on a drying machine located in Jos Plateau State. Pls reach me on 08155466707 ASAP.

Thank you
Moderator pls help move to front page

Which crops does your dryer dry?

Horus:
Africa should never trust the West, this is why Russia and China created their own international online payment system to avoid
dependence on Mastercards, Visa cards. Africa should do the same

They won’t allow us.

Any government who try that would be invaded and ousted.
We don’t have the financial means, military might or technological advantage to fight them.
The battle would be won within 6 hours

Misscaring:
Would you suggest another country please �

You can do west Africa tour - fly to senegal and move by road through Gambia, sierie Leone, liberia, ivory coast and ghana

2. East Africa visa - Kenya, Rwanda, Uganda for $100 tour e-visa while you can add Tanzania and Ethiopia if you want.

3. Shengen visa to tour most Europe countries

I don’t know your pocket.

My budget is 2m for a family of 4. Time frame - between march to august next year for the vacation God willing

Misscaring:
I'm married with kid, would that make any difference getting visa easily?

Are you going to process the visa by yourself or agent?

To avoid stress, I plan using agent.

The new requirement is that 6 months bank statement, flight booking to and fro and hotel booking the the days to stay.
If you can present the 3, they will give you visa

Misscaring:
Next year by God grace.

Can you also keep me in update because I plan doing it also.
Though I have a friend who is based there and will show me around to make the vacation more fun and fulfilling.

MrBrownJay1:
abeg, let them remember that this is what a former presido of Libya suggested a few years ago, and was assassinated.

Anything to push Africa forward and less dependent on west would be met with aggressive attacks

henryobinna:
Pre tax.

People who earn such amount typically don't pay tax. I think they run a progressive taxing system. Where the more you earn the more tax(in percentage) you pay. There's a minimum amount before you start paying tax, I don't know the exact figure but $31k might be below those getting taxed.

Well. If it not taxable then it is not a bad.
Any wise person will squeeze himself to save

Yoighaman:
Well said.

Wisdom, knowledge and understanding would never depart from you.

Amen bro.
Thanks

phemocheee:
You're absolutely right. However, the difference between the western world and Naija is that standard of living is almost the same for everyone. Hence, artisans charge a whole lot so that they can live comfortably like everyone else in the corporate world.

It is what it is bro.

You are right.
Nobody should be slaving for others