₦airaland Forum

Ekpekus:
See, the day people abroad stop remitting money back home, you will understand they can actually save alot of money.

Hmmmmmmm…. This I think the money they are remitting home is more or less for their own personal projects like buying land, building it than giving.
With the way they hustle, I don’t expect them to give out more than 10-20% of what they send home.

seanwilliam:
hmm, you’re very intelligent. You sounds like someone that reads a lot..

Thanks bro, I appreciate.

hayoholla:
You're missing the point bro, the renumeration for these kinds of jobs are meagre. And also, Nigeria doesn't run a hourly wage system, so it will amount to nothing, if you do these jobs. And also to note. Working in between jobs in not flexible in nigeria, one reason because we are paid at the end of each month. So you're basically tied down to one work, even if you want to hustle like mad. Another thing is, in nigera, whether you're rich or poor, you'll have to pay through your nose to access standard basic amenities. You provide them yourselves.

You raised a good point.
The big difference between developed countries and poor ones is the basic amenities.
If the basic amenities are good, many people won’t run out of the country because no matter how small you earn, it will show.
Normally, most citizens are supposed to send their kids to public school and not private. Likewise public hospitals likewise low cost housing.
All these brings down drastically the cost of living and increases standard of living.
Imagine earn 100k per month and your kids school fees is just 4k per kids per term or 3k for baby delivery.
Your 100k go show well.
Imagine you decided to take a room and parlor low cost housing mortgage for 20 years at 3m. That is 150k per year or 12.5k per month from your salary.
It will reduce the pressure of looking for money.
A good economy shouldn’t run on big or large cash.
Another factor causing this issue is inflation.
Because our inflation is very high, all I listed above can’t work because it is not sustainable

sokeril:
You should have worded the question better bro- is it possible to save 11000 CAD annually in Canada?

I think that is the reason why many are angry with the question

Kyong:
Dry groundnut available for sale in Kano.

How much?

edoman2016:
Somehow you are on point. I was amazed when i discovered an akara seller at T-Junnction close to my office makes 50,000 naira averagely everyday. This akara lady is a graduate of accounting. I then understood why she refused white collar jobs. There is money in Nigeria ohh. How many immigrant in canada make 50k daily? Canada is overrated and overhyped.

This is sarcasm.
I don’t know if any akara seller that makes 50k per day.

Canada is not overrated nor overhyped my friend.

babyfaceafrica:
Please can I have your contact, i need some suggestions please

You want to go for the Benin vacation?

Follow these links for weekly crops price update for storage.

https://www.nairaland.com/4907998/updated-price-grains-location

https://www.nairaland.com/7088139/updated-prices-grains-vegetables-madallah

https://www.nairaland.com/6733885/grains-price-update-northern-state

Have done business with one of them and it was cool.

They operate different markets - one operates in kotangora while the other two operates in other ones.

Also, the west and 3rd world countries terrain differs.
Most Nigerians are employees or job seekers in nature. So most of the time, they are always seeking for jobs which is a wrong move in third world countries compared to advance countries.
If you want to earn well here, you have to be self-employed or have your own business which most lack the skills else running to countries they will work and earn.
If you have your own bike and drive here or keke napep or car or bus and you put in 18 HOURS a day while you live like a miser, you will make bastard money per month.
A man that can’t drive car or keke napep or work in mortuary in nigeria all of a sudden doesn’t see anything wrong in old peoples home cleaning their bumbum. Can’t be a taxi driver over there, can be a barber etc.
You finish teaching around 3/4pm and can’t open your suya spot by 5pm to 10pm again but you can combine job in abroad.
You can’t pick up a bike by that time and hustle to 10pm. You can’t decide to be a mortuary attendant doing afternoon shif till 10pm in nigeria - Ohhhh, I am crazy right?
Aside salary of 30k per month, do you know how much mortuary attendant make per day? Washing and cleaning dead bodies? Collecting ambulance contract per dead body, the clothes to wear the corpse? Then the corpse owners still tip him for taking care of their corpse?

Bro, I don’t have problem with those traveling because at the end of the day, we all are migrants but what I don’t like is the currency conversion and comparison.

One thing I noticed about Nigerians abroad is that once they get there, they put down all egos are hustle crazily something they hardly do here.
You see people putting in 15-18 hours into working / doing double shit jobs or combining it with schooling. These are things they will hardly do here at home.
They push themselves to the LIMIT. I mean it is damn Crazy.
The person here going to school in the morning by 8 and coming back 2/4pm and then start chasing women around or watching ball or wasting the rest time in church all of a sudden will go to US or Canada and in the next 6 months won’t even have time for a woman not to talk of relationship.
Pushing himself to the limit.
My uncle is in Dubai complaining that he drives between 16-18 hours per day. Damnnnnnnnn
18 hours per day on the road yet when he was driving for FC Ebede in nigeria, he will only drive for 6 hours and the rest time at home or sitting in his wife shop.
Another funny thing is the way they live like a miser.
A person claiming he can’t stay in a face me I slap you in nigeria all of a sudden doesn’t see anything bad in staying in a small studio in abroad or sharing an apartment or bunk sef.
All of a sudden, a woman can now hustle and co-finance and sharing bills abroad while she is also putting in crazy time in working.
A woman that won’t work here citing she is taking care of babies or not her duty to spend on the family suddenly is hustling despite having kids and sharing bills.
Any man who works 8 to 2/5pm in nigeria after that picks a bike and go hustle extra in nigeria till 10pm while his wife hustle crazily from 8 to 5pm too in nigeria and while doing all this are staying in a face you I slap you apartment will save heavily also here.

@ Treadway ….. this is my reply to my mention.

Helpout12345:
I agree you must obey the laws of foreign countries so that you don't end up in Jail. But I disagree that you must forsake all your own culture and your own people to accept all the foreign culture. You can learn new better ways if it’s actually working better than your ways at home, but I bet you, everything cannot be bad about your culture that you have to completely embrace foreign culture over yours.

Only we black people make this mistake in the world. Arabs, Indians, Chinese don't do that. Even the westerners don't do it.

This issue here is mainly in the black immigrant community in western countries, where we neglect our ways the moments we land in foreign lands.

This type of behavior is very rare in other immigrant communities all over the world.
Ordinary relationship and marriage, we cannot manage within our community once we are in foreign land.

Is it not the same way you are calling the men out for? that they are too bossy, misogynist, archaic etc? you wrote it in one of your comments above.

An afrcian ma will want to continue managing his home just like he did in nigeria and many ladies will jump at him fr bringing his backward african way of life to a civilized society. Now you are still blaming the men

patoski39:
and u never block her?
B like u get plans to send her d money

Send giniiiiii
Which yeye money. I don mute her.

ednut1:
There are still good nigerian women abroad but the problem is most men want slay queen. Or go for ass or boobs. Many of the ladies abroad too Nigerian inclusive are not marriage material for the kind of marriage many Nigerian men want. I have lots of them around me . Living above their means, living in luxury apartments that take 70% of their salary, eating out/ ubereats with little or no cooking, multiple holidays in a year, expensive ring and wedding is also a requirement. The truth is many of them will wreck you and still throw you out hahahahah

Ednut my good friend. I am always looking forward for your comments.
At the bolded is also now becoming a common thing in nigeria among working class ladies.
Met a lady few weeks ago in a tourist group because i want to plan a tour.
This lady and i started flowing.
Omo, this lady has traveled to many countries - mauritius, tanzania, kenya, maldadive etc but shishi no dey her hand again.
She is not saving. Has a very big mouth and taste but damn broke.
If you see her whatsapp status, always uploading the countries sha has gone too as throw backs and the ones she is planning to go in future.
Uploaded some scenes she was with davido and some big shots.
She works with BAT - British Tobacco company yet living above her means.
She has been singing house rent to me for some days now i just ignore her.
She will ''Hi'' me and any little chat, house rent, house rent...abeg i don tire
House rent for lekki na my mate?
I no talk say i wan date you. Even when i carry the mind to flow and date her sef, e don commot for my mind. She will be too damn expensive to maintain.

I don't know why most working class ladies live above their incomes. It is very very common. Can't be explaining here. Men don't do like that. We dey calculate dieee

On the long run it is expensive.

I once used it. Started with 4k per month to pay up in 5 years. 4k per month times 60 months (5 years) is equal to 240k yet it can't do much outside charging your phone and light.
If you use it to watch a low watt flat screen, 3 hours it will finish, use solar fan, 4 hours, charge laptop maybe once or twice.
To make it worse, they have increased the monthly subscription to about 6k sighting inflation.
Setting-up a 100ah battery solar inverter will cost you less than 200k with panel and everything and you won't bother about any payments again.
If there is light, it will charge the batteries, if no light, sun will charge it and it can take tv and co for 6-8 hours conviniently.
I am using 200ah battery.

Well, i did my india visa processing by myself in 2013 when i went there for a 2 weeks course.
I paid the school while they sent me letter of invitation which i took to the embassy at walter carrignton, VI- Lagos.
It cost me 15k for visa processing then for a 3 month.
After interview, my passport was collected and given visa the 3rd day.
You can do everything by yourself.
Agents are mostly thieve. What i did myself for 15k, some of my friends who were not aware of the processing and used agent paid 200k to agents.

Can you imagine that? a whooping 200k? for something of 15k?
Nigerian agents are thieves. They want to buy a plot of land or buy a car from one transaction.
All their family problems would be piled on just one customer.
Reason while i will likely be doing my thing myself.
India is a poor country if you are going there for hustling but for business it is okay.
Many igbos are at Masjid (it is like our own idumota or alaba).
Their rail system is also good. Without rail, the poor indian population will surfer alot and their economy will ground instantly.
People stay in poor areas and use the train to come to city center to work.
For example, i stayed at Navi-mumbai which is a relatively cheap area. Was paying 3k per night in a room i was staying but was going t school by train at Powai.
Imagine using a train from lagos to ibadan and it will cost just 45 rupees (#90) to and fro. Powai hotels would have drained me.
Like traveling from bayelsa to Ph to and from for 90 naira. With today's exchange rate, that is 240 naira to and fro journey.

Let me stop here

I stayed at Nungua and Kasoa in ghana. The electricity there are okay likewise water and it is relatively cheaper than inside the city like Circle, Tudu, Teshie, Labado/Lapas etc.
As at 2019 when i went there last, average one decent room can cost you about 20 ghana cedis per month which is about 20k/month.
My friend took a 2 bedroom at kasoa and it cost 9000 ghana cedis then which is about 900k/year.
Accra is costly because it is their capital and also commercial center. Like combining lagos with abuja.
SO the best bet is to stay at the outskirt like i told you or Tema.

Japheth17:
Attention-deficit/hyperactivity disorder
Inability to concentrate for long, restlessness etc

Ohhh.

Thanks

ibechris:
Both of us have same appetite for business if I am not mistaken.
In 2017,I saw an advert on jiji of a land close to the area I had a land along the airport road Abuja. So,I decided to call the owner who happened to be lawyer and I made a request to help further advertise the land, she agreed.

So we schedule to visit the plot,low and behold the land sharesd fence with my land. After some discussion with my wife,I decided to buy the plot for 2.1million and resold it around 4th of April this year and I made an extra 1.6million on it.

There was another one I bought last year,for 5million naira is currently going for 12million naira as we speak now.

Property gives more money than tbills and others but where your money is not enough to buy landed properties, one has to settle for what he or she can afford.

You can buy, keep and sell gold to hedge against inflation too. I did it before 2009.
I am also do cows. There is a mallam reading them for me and I get Atleast 50% after a year.
Agro-commodity is also a good one.
I bought Egusi in July at 15k per bag and now selling for 23-25k per bag and it has not even reached it’s peak. A 70% profit beats inflation and devaluation.
Locust beans in April was 15k and now trading at 24k. Again a decent investment.
Bonds and treasure bills doesn’t worth it bro

ibechris:
I agree with u totally but another thing is,can u invest your money in real estate...especially in an area where property value increase geometrically?
If u live in Abuja I could suggest such areas for u.
Sometimes the value of money gets eroded with time and because of that, one may not have a choice but to invest his or her money in the existing portfolios.

Well, I don’t think we can call what is not appreciating an investment rather a savings.
The calculation I made for you was only for inflation. If you factor in devaluation, you would have run at loss in those portfolios.
2013, exchange rate was 156/$, 2022, it is 685.
Bills and bonds won’t survive it but real estate will.
As a rule of thumb, any investment that won’t give you Atleast a 50% profit on investment is a bad investment in nigeria because you have to factor in 15% inflation rate plus another 10% devaluation before talking about your own profit. After all, you will spend out of it.

ibechris:
Invest in treasury bills,money lending,bonds,Commercial papers and see your money increasing rather than keeping it in one account.

Now let’s look at another investment.
Real estate - a very good investment that adjust with inflation perfectly.
I will use my personal experience.
I bought a land in the bush at sagamu for 300k per plot in 2013 (I mean bush with so many monkeys. I was discouraged when buying it but my mum insisted I get it).
Sold it in 2020 for 1.5m.
In 7 years, 400% profit aside my capital.
In 7 years, nigeria inflation would have been 100%.
Which means it will take me 600k in 2020 to buy a goods I bought in 2013 at 300k but now have made 1.5m in 7 years minus 600k 2020 face value plus inflation.
So I got a 900k profit in 7 years from 300k.
So if have invested 1m into the land for 3 plots just like you did to bonds and bills, in 7 years, I will make a profit of 3m from 1m while you have not made any tangible thing in bonds.

Thanks

ibechris:
Invest in treasury bills,money lending,bonds,Commercial papers and see your money increasing rather than keeping it in one account.

But the problem in investing in all these bonds, treasure bills etc is that the interest is below inflation rate. So technically, it is not a good investment.
For example - Present Nigeria inflation rate is staggeringly at 20% per annum but let just make it 15% for argument sake while treasure bills and bonds average interest rate is at 10-12%.
What does this mean?

At 12% interest rate on your bills, if you invest 1m in 2022, it will be roughly 3m by 2023 (10 years after) provided you don’t touch the profit and do a rollover.

At 15% inflation rate per annum, if you have 1m, it means every year a 1m is getting weaker by 150k (15% of 1m).
In other words, what 1m will purchase in 2022, you will have to purchase it with 1,150,000 naira or get a goods worth 850k instead of 1m since you can’t add extra 150k to get the complete goods you would have bought with 1m last year.
So, how many years will it take to render 1m useless?
It will be 1,000,000/150,000 (15% per year) equal to 7 years.
So in 7 years, what you can buy with 1m, you will have to buy with 2m because there has been a 100% inflation rate in 7 years.
So in 2023, you will need 2.5m to buy what you bought with 1m in 2022 and you also invested another 1m in 2022 into treasure which matured in 2023 to give you 3m
If you do your plus or minus, you have made a profit of 500k over 10 years without touching a dime. A meagre 50k per year from 1m or 5% profit per year.
This is not investment

Softmirror:
AND THAT IS WHY PORNOGRAPHY INDUSTRIES HAVE THEIR HEADQUARTERS SCATTERED ALL OVER AFRICA. THE AFRICAN CULTURE IS VERY DEEPLY ROOTED IN PROSTITUTION UNLIKE EUROPEANS. INFACT WHITES RUN AWAY FROM BLACKS BECAUSE THEY FEAR WE WILL DENT THEM WITH OTHER FORMS OF SEXUALITIES LIKE GAYISM, LESBIANISM, BEASTIALISM AND INCEST TOO.

Are you for real? African culture is deeply rooted in prostitution?
Whites running away from us because of our wild sexuality? Or is it not we the blacks running away from whites loose sexual life so as to protect our culture?

Japheth17:
Thank you for this!
You literally described me.
I got admission at 16, I was young.
God knows my parents tried their best (they still are), but the lure Owerri had on a naive young boy like me was too much to ignore.
I also suffer from ADHD

I finished in 2016, I would be rounding up service by next month (I would be 27)

I still believe that degree is not for me, i am currently an undergraduate at NOUN, studying criminology.

I gym now as it helps me focus (it's what works for me!)

I hope life gives me just one more chance sha..

But thank you

About the tech industry, how legit is alx-africa?
I've been hearing about them...

What is ADHD?

sync:
As a young woman, never stick beside or support a young struggling guy cos when he eventually makes it, he will dump you like hot pot from fire

True but while the struggling man is hustling, what is the lady doing too? Standingby waiting for him to blow? And marry her?
She should also focus on how to make her life productive if she thinks it is that easy to do.

SmartyPants:
That is WebMD, one of the leading, verified medically resources online, not just anyone typing on Google sir.

But if you insist, share an authority to back your claims.

But there's literally no point because you are contradicting yourself with content that you googled and repackaged.

You just said it female libido rises as fertility wanes (which you copied word for word from an online source).

And at what age does fertility wane? Is it not in the 30s - 40 range that i specifically mentioned?

You must be a terrible doctor.

Acidosis:
Tinubu left N100 Billion debt for Fashola. With inflation, that amount is in trillions today.

Tinubu took the highest loan ever in the history of Lagos and delivered only a "master plan" with few roads.

Ambode took zero debt and delivered more. I hope the veils covering the eyes of Lagosians will be removed someday.

����

henrysam:
That women are not meant to be trusted. That they are just object of fun and not to be taken serious.

Hmmmmmmm

tommy589:
E be like say Dem don show you

But you can't stop giving if it is in your DNA

Is giving in the DNA?

GlobTrotter:
Hello guys, just arrived in Suriname, Paramaribo. Any Nairalander here in Paramaribo or have passed through/lived here before? I have some urgent question

Na wa ooooo

People dey travel ooo

Surinam keee?
The poorest country in the world when you use population density in relation to landmass

Nwaomaah:
Remember when Abuja-Kaduna train passengers were kidnapped? It was discovered that there were more passengers not on the manifest than those in it.
1000 passengers enter train and all buy tickets. 300 tickets are remitted and 700 pocketed.
That's also how our airline died, our refineries, our ships etc etc
Corruption will be the end of us all

Waoooooo
1000 entered train, 300 entered manifest. Jesussss Christ

You see, I am aware they make good profits per trip.
That kaduna train when I entered last year January was 1,300 for economy times it by 700 people and another 300 times 3k for business class, that is about 1.6m and they make more per trip. Now this idiot is saying they barely make 1.7m nationwide per day. Plenty people dey wey suppose go jail for this nigeria

FuckSilly:
Wow betide you foolish old leaders and these fool ani fools in government.
In most countries in Europe where they don't have crude oil, train transport is almost free even if you're traveling to heaven. You tell us that you import petrol and put subsidies, no problem. We all know the truth. But what about diesel? DIESEL IS THE EASIEST FUEL TO REFINE FROM CRUDE OIL
It's so easy that 70% of what Niger Delta boys refine and cook up daily is DIESEL!!!
How is it possible that you fools are telling us now that you run at loss?

Blacks are cancerous in nature.
They are very very very stupid.
Do you think whites don’t steal? They steal a lot but not in a stupid way.
A white man will make sure where he is stealing from is working well, well maintained and workers well paid and happy so that he can keep stealing at rest without issues. He makes sure that place doesn’t collapse but you see black man? He will steal soteeeeeeeeeeyyyyyy until the place collapse and close up.
The politicians and NRC civil servants don’t know that it is better to steal 1m per day nationwide that won’t crumble the train nor raise eye brow because everything is functioning l, debts being paid, workers paid, small quota enter govt hand, maintenance done yet you are stealing 1m per day that is sustainable for yearsssssss 10,20,50 years even when you are gone, your back to back continue enjoying the scheme but a black man is soooooo greedy, that he will lot, lot, sales …. Lot, revenues….lot, loan…..lot, properties….. lot
Everything/anything just lot.
A crazy race

Cantonese:
Please I do not understand what these people are trying to say.

“ On how the NRC was sourcing funds to sustain its operations, Okhiria said, “In the 2022 budget, the.government provided about N500m for diesel, which barely lasts up to a month for rail services across the country.
“We also search for funds from other sources, such as property rents and others. So, we use it to augment what we earn from the train services. See, it has been a serious headache, I won’t lie to you. It has been stressful and the NRC is owing for diesel, but we cannot stop.”

If railways were built to make profits from loans obtained from China, how is it that government provided 500m for diesel in the 2022 budget? What is government’s business with providing funds for diesel if the NRC was set out for profit making in the first place?

Why do they have to source for funds for diesel from everywhere?

As a government organization, is it not possible to make arrangements with the NNPC to get regular supply of diesel at cheaper costs, rather than “suppliers”?

Please at this rate, how will Nigeria pay off loans obtained from the Chinese?

Is it not common sense that since diesel charges alone amount to 4.4m daily, prices have to be increased to make profit?

Are railways built for to score cheap political goals?

One may not doubt that diesel and maintenance has become a veritable source of looting by civil servants in the NRC and politicians.

When will Nigeria get out of the grip of corruption?

My brotherrrrrr….. they will do mismanage the train until Chinese take over it. Just wait and see