₦airaland Forum

JagabanBorgu:
I read through the news in the link to see the evidence, yet, another beer parlor story.
Bring papers that shows that payment of money in subsidy by the FG.
Ur beer parlor taIks are boring already.
U have given me alot of mentions without evidence.

Crack on my man, whatever floats ur boat

obinna58:
IPhone 17 will be out of reach even for yahoo boys chaii, na only politicians go fit afford am now

No China will make fake and 9ja people will buy it as original for a fraction

armadeo:
I would assume the micro economy since most remittances come through the banks.

We can like it or we cannot like it, remittances affect the economy. As we can see they can surpass the budgets of most states.

What is your own point?

The Microeconomy only Benefit the immediate circle of those who run it, i n your case, if you send your Dad money, it benefits you direct family. However if you send a car to your Dad it benefits the Macro Economy.
The Apps we use to remit money to 9ja are registered in Tax Heavens ie UAE so they pay no tax to the FG
Anyway let me stop here.

Augustenite:
Even some of them that were deported by Trump are claiming they came back on their own.. lies

You no well ohh this is bellow the belt

okerekingsley90:
A lot to do like what exactly?
Virgin opportunities like ?

Yeh, you can steal Ideas from the west and Establish in Nigeria. If you have money you can do bulk buying of Land.
If you are into tech, there is a market
Car parts too
you can go into processing and manufacturing, there is loads to do if you are smart
The Renewable energy sector is brand new, you can jump o n it

Sonnobax15:
Good day my fellow nairalanders...It's been a while since I've been active in-here...I know how much you guys have equally missed me ,the warri guy .....But I must really confess that I've missed you all so much too...But the hustle has really got my hands so tied up

Well,I've sat and thought of sharing with you all my experience and journey so far on how I've fared since I left my bakery work for keke riding...

First of all,it hasn't been an easy journey..But I must say from the depth of my heart that it's the best decision I've made so far in my entire life....

Though it was given to me by a micro finance bank at a higher purchase price...But considering the amount of profit I usually make for myself on a daily basis after remitting the everyday #4k back to the micro finance bank is very mouth-watering .

Also,the peace of mind is top-notch....I don't have to be confronted by any boss whosoever for coming late to work or poor work output...As a matter of fact, I'm myself boss . If any passenger tries to intimidate me,I've every right to show him/her the exit door out of my keke . I remember how agberos took advantage of me at first when I first started as a novice......To the extent that I stopped working during the day, waiting until the evening when the different squad of agberos have departed the roads . Chaiiii,dem really show me shege cha

Las las,it wouldn't be nice if I don't mention the fact that "agberoism" is indeed a part of this job.... Sometimes I can't help but ponder and wonder how a dude like me who used to be very quiet has suddenly turned out to be the outspoken type to the extent that I now exchange insults with other motorists on the road . Perhaps it's something that's encrypted in every transporter's DNA


In a nutshell,my deepest regret is that I neglected this idea as at five years ago...If only I had paid heed to my old man's advice, definitely, I'd have had my own keke by now... But so far so good,I give God all the glory

Las las, I'd love to advise every jobless but aspiring nairalander out there, that there are enough legit hustling out there which are waiting for you to come and embrace them....."KILL THE PRIDE AND HUSTLE, BECAUSE LAS LAS, NOBODY GO PUT FOOD FOR YOUR TABLE IF YOU NO GET MONEY"......

You see this Zeal you got to hustle and F the rest, is what people abroad have hence the hustle hard,Big up,big up

armadeo:
Lagos state budget 2024 12.5 billion dollars
Kano state budget 2024 360 million dollars

Diaspora remittances in 2024 2.4 billion dollars.

Can you see the impact on the economy.


2.4 billion dollars comes into the economy without any effort on the country's part and tou don't think that's a big deal.

Which part of the Economy? Micro or macro

Nnamdipapa:
I pay directly from my bank here, It gets to their account in seconds. Even when I was on visit in Nigeria, I never kept money in Naira for more than two days due to the crazy fluctuations.

Why do you find it strange that I have companies and pay staff? I hire with my overseas registered companies and pay from here, what's the big deal?

My major concern is you are not smart enough to realize remittances do not neccssarly mean the money you send to keep in your bank account in Nigeria, reason you are finding it hard to appreciate the effect of remittances on the Nigerian economy.

This is me giving you a free education my friend.

Wow you sent all these money from your company in west Africa? wow educate me more, oh and you send this sum via bank or App?

armadeo:
It benefits them because the money you sent wasn't generated in Nigeria. That entire amount is almost dash to the country particularly if you spend it here. Unless you just lock it up.

If the money is your account the bank uses it for business till you need it and they refund it to you.

The banks take from the Economy, they are the champions of Microeconomy.
The MOney you send home only ends at Microeconomy level.
The true money that enrich the Macroeconomy in Nigeria are the ones generated i n Nigeria.
You might argue this but lets see how you do with your points, I am waiting

ogbonti:
God bless you for the bold parts- you have already answered your own question in a bid to be boastful

Why do you think the Nigerian returning from the diaspora will need to have N50 million when he can have just $1,000 in his/ her pocket

and start working remotely after 2 weeks of living in Nigeria ? You should be advising them to come home and do remote jobs THAN telling

them to gather N50 Million first ($33,000) before they can come home when IF YOU EVER LIVED IN THE WEST - you will know most

Nigerians living abroad do not have $10,000 saved anywhere - as cash money -- after bills and expenses and supporting folks back home

IT IS LIKE YOU ARE TELLING THEM LOGICALLY - DO NOT COME BACK EVER - that is so unfair...

Life na jeje - no one is required to build a house IMMEDIATELY they return from overseas - there are apartments to rent - they will get one!

IF dem no go dey rake for town say dem be returnee - nobody see dem - nobody send dem - calm down and set up things - work and earn

And live life on their own terms and be happy in the land of their ancestors and be at peace with the universe, SHALOM!

You missed the point, I saying I live in Nigeria is an Illusion, read my post well, I do not physically live in Nigeria I live in London and work there,I visit Nigeria as much as 6 times in a year cos I moved my family back there. Now this is my cos I could afford to mayB I got a good job thank God, but all fingers are not equal, if you read further you will see I said B4 making a move, do ground work, at least have a house and a vieble business that gives you good return that will give if not nearly same standard of living you have abroad. Going home with just N50m wont cut it.My individual case is way different from yours and anyone else,I am a Fluid Engineer and Im luck to be where I am,not everyone is that lucky.Im not in any position to tell a grown adult what to do howver my advice is,prepare well and also,N50m wont cut i t.

tabaralph:
I can see that you’re a frustrated person, inbox me your account details let me bless your life with 200k…. I will transfer you the money now and post the receipt here for all to see, am I rich man , I mean very rich…don’t play, if I begin to show you my properties all around Nigeria you’ won’t sleep tonight oo i swear.

I think you are misplacing my persona for someone else, You sure You can send me £200k? cos I live i n the UK,U sure you want my bank account boss?
If it is Naira then 200K naira is less than £100

Nnamdipapa:
You are not answering my question, Why the hell will I want to send money to my own bank account in Nigeria when I have never lived there in the past 16years?

Do you spend Naira abroad?

ahah I thought you pay staff i n Nigeria mega bunch?? dont the money go toy our bank B4 going to ur assumed workers? and oh Im still going fru ur profile CEO
and to answer your question, I pay money to my Bank cos I go to Nigeria very often and I am always investing there at the moment real Estate Around PHC.Its easy for me to pay wokers a local currency via local bank account.

Nnamdipapa:
I sent 4million to my brother last month to complete his bungalow. He spent all the money buying building materials in the Nigerian market and boost Nigerian economy.

I pay three of my staff in Nigeria about 900,000 every month which I count as a remittance.

Why the hell will I want to keep money in Naira in my own bank account?
Tell me what sense it makes for me to do that.

U know talk is cheap, let me go fu your profile, it usually paint a picture of whom you talking, I dey come.
1st discovery, Ur location says Gambia and you are Igbo

tabaralph:
I spent 14years in southafrica cape town precisely, I left South Africa last year, if you read my post well my wife and I are 9 months in Israel now,also I am not asking or seeking validation, not requesting for or begging people to believe me, what I said and I still repeat it that if you are lucky to be in Israel I will link anyone up for soft landing,no kobo required,attached is my picture with my three grown up sons all doing well in Cape Town,second picture is my artist son McKay, any one can check him out on Ig, am doing all these because of the idiot calling me scammer

SO howcome no mention of Israel in any of your post but loads of mentions in South Africa

frankson1:
At the bolded is always the issue. You guys never care about the mental health of these people putting up minimum of 45 hours weekly just to sort out bills.

My advice is, move out, work and immediately start to make plans to return. You don't have to wait for 5 years to start building or setting up a business and in doing this, you'd have to cut off and minimise your spending over there.

Have you thought of the mental health of workers i n Nigeria? They even work and do not get paid. Out of my own heart, I decided to pay my gateman N80k a month cos I don't know how he keeps a home,wife and two kids schooling.

ogbonti:
shorrop there - stop scaring people - you that is there, do you have N50 million in your bank account? IF you fit stay there, why returning diasporans no go fit stay ? Obasanjo - a former military head of state of Nigeria (1976-1979), rich farmer and having seen the beauty and glory of the world - him no spend 3+ years for prison (1995-1998) and awaiting execution? did that stop him from becoming president (1999-2007)?
AS BAD AS NIGERIA IS- INSIDE PRISON IN NIGERIA IS WORSE!!!

Buhari nko, having seen the beauty and glory of the world add ruled Nigeria for 20 months as head of state (1984-1985), was he not under house arrest in benin city for 3 years? did that stop him from becoming president of Nigeria again? (2017-2023)
AS BAD AS NIGERIA IS- BEING UNDER HOUSE ARREST IN NIGERIA IS WORSE!!!

In life, there is "NOTHING TO FEAR THAN FEAR ITSELF" -------- For all those willing to return to Nigeria, have your ides mapped out of what you want to do- raise whatever capital you can get, even if you do not have capital - your life and mental health is more precious than anything in this world - you owe no one an apology or explanation as to how you run your life - it is your life and you owe no one nothing

And when you come, there are lots of opportunities that japa advocates are not seeing - these are what foreigners see in nigeria as opportunities where the japa crew see obstacles - come home, blend in - live normal - DO NOT TRY TO IMPRESS ANYONE - and you will just be fine - and when that business starts, the DISCIPLINE you got living in the western world on money management - will ensure you do not waste your profits on nonsense - and you will able to prioritize and unite tasks easily where those who see obstacles fumble.

you have been exposed to western life and it's sophistications and that is real life experience no one can take away from you ---- you know too much already of the real world than you give yourself credit for - come back home, put it 2dega and MAKE IT HAPPEN! ------ E K AA BO!!!!

GO to my profile you will notice I actually live in Nigeria but work Abroad,U thinkN50m is a lot,I laugh in spanish, howmuch do you think it costt o build a 4 bed bungalow, and live and maintain same standard as someone who has lived in the Uk for 20 years?Anywyas, some peoples position 10 years ago is a whole family prayer point.

Nnamdipapa:
How does oil money and tax help Nigerian asxa country?
The above is the first question you should have asked or do you expect me to remmit my funds to your government?

Your last question shows you do not Understand what remittance means in this context,
I have an App on my phone and I transfer money direct from my UK bank account straight to my UBA account in real time Ie I get an alert in 3 mins. How does this benefit my next door neighbour?

2mch:
No contact this guy o. Na scam o. Israel wey de hostile to foreigners and de castrate black Israeli’s. I no know how Nigerians de pay pilgrimage go that place. No try wetin this guy de talk here. Una no dey tire for these useless small scams wey no de take una anywhere but de drag your descendants into poverty? You think you can keep scamming and go free?

https://www.the-independent.com/news/world/middle-east/israel-gave-birth-control-to-ethiopian-jews-without-their-consent-8468800.html

I know he was Scam, I already went fru al his post cos what he told me do not make any sense lol,it was unrealistic

2mch:
You are a thief and anybody that will contact you for help is a fool. Thunder will kill you for all these lies and you will die like an animal on the street very soon.

Bro you was to quick now E go run now , You for allow us roast am small small

tabaralph:
I wish you luck bro…tell me how much pounds you can gather in one month in the uk after taxes and bills, if you have friends or relatives in Israel your orientation will not be the same

Not Only has work taken me to Israel ,the company I work for has a lot of Biz with Israel in tech, also I live in N8, dominated by jews.
Now you say you live i n Israel you and ur wife send N8m plus, thats four k plus pounds.
Last time I checked, you was looking for people to sell fruits and was based in South Africa allegedly.

tabaralph:
If God help you to land in Israel your lineage are sorted for life, my wife I japa last year to Israel through Christian pilgrimage we are actually based in hatikva tel aviv and we sent home 8m combined every month and we plan to return home in 5years to enjoy the fruits of our labour and not because of laziness or weakness,process of residence documents are very easy, they renew your asylum every 4 months, there are thousands of jobs available with no one to work, average income is 45/50 shekels per hour, you can work 15/20 hours a day with one day off, 1 shekel is now between 415/420 naira, if you manage to enter Israel you can contact my email, no charge you one naira, we rise by lifting others

Sorry to burst you achievement, but I wont encourage anybody to go to a war zone, but good on you, The Uk is by far better than Israel I pound as we speak is now N2139.But like you said it is better than Nigeria why not.

DesChyko:
Diaspora remittances is a key reason Nigeria still breathes as a country. There is not enough jobs for the teeming youth; not enough advancement for the geniuses amongst us to thrive; yet the government is pushing that we all suffocate here??

Crazy.

How does the remittance help Nigeria as a country rather than small individuals or family and friends of the sender ?

motayoayinde:
Millions apply for slots in the university yearly without success.

Hundreds of thousands want to study medicine but are denied yearly.

Polytechnics are wasting away churning out trash, university are wasting resources teaching unwanted, outdated courses.

It's simple: Convert polytechnics into universities training highly skilled work force.
Fund universities to do same.

Give everyone a chance at quality education including the poor.

Watch how the country will becomes self sufficient with skilled work force and not notice any Japa effects.

This is what the education system abroad has concurred, no Jamb

HydraFeeds:
I don't believe in Japa,the billion dollars remitted by diasporans is not up to the potential of the amount Nigeria will generate locally if all of them stay back home .

I think you are under estimating the remittance by those abroad. Do you know people send N2m each month to thier bank accounts in Nigeria? now howmany people who are working can save up to N2m monthly after all bills
you guys dont know

DMerciful:
If you're hardworking naturally, you'll succeed abroad.

My people are thriving everywhere globally. It is what it is.

Here , only the strong survives because no shortcut.

Very true. The word equal opportunity exist abroad not in Nigeria, however if you have money i n Nigeria there is a lot to do as its still open and it has virgin opportunities, abroad is saturated for Biz

Racoon:
The japa thing is just a social, economic & generational slavery trap that the white imperialists set for the black world especially Africa, Asia and other third world country. It is simply neo-colonialism reincarcerated. This is why I have reservations about it

you are very wrong,can you walk to a Bank and get a loan of N5m to start a business ?
So going abroad is for you to get initial capital, then you can fall back and do the biz you want to do, getting initial capital in Nigeria is well hard bro

Ewedegubbler:
coming back home this year. I get money wella. but I am just tired of living abroad. Naija wait for me

Plan well, cos i n Nigeria of today N50m is not enough to come back, unless you already have house to live and investment already on ground yielding money if not, you go run go back in less than 2 years,my cozen learnt the hard way

CoronaVirusPro:
Experience is the teacher!

Those are few of the brave ones who have the guts and nerve to return. Many still cannot accept that reality and will rather die there.

I do read that statement saying “Comeback back home of abroad isn’t good” it mostly comes from people who have not seen the other side.

Just pray you never get to a point where returning will be close to impossible.

You will know why 20 years abroad is not a flex. You think thru don’t want to come home? It’s because there is nothing to show for those years. They believe their status is secret being abroad than relocating back where everyone will know.

Like I said, experience will teach you.

SOme people do not follow fru with the plan they go with, some flex all fru, or over do.SOme are cos of documents

kpankpangolo:
The weak returned. Nothing new.

or Undocumented

demoBaba:
BEDC

The situation where consumers served by BEDC electricity distribution company, we're having and experienced a significant delay in receiving prepaid electricity meters we applied for. They appear to be manipulating the system by preferring estimated billing, even though it results in unreliable electricity service, because it allows them to receive more payment than the electricity they provided. Essentially, they are benefiting from a system failure. This highlights a problem with both the BEDC's meter rollout and billing practices, and the consumers unethical actions.

Could you believe that BEDC has only one team installing meters for all of Ekiti State, and that this team is primarily focused on Ado LGA., strongly suggests a servers capacity problem. It's highly improbable and raises serious questions about the company ability to provide timely service to the entire state. This explains the significant delay in meter installations, the preference for estimated billing ( even with its flaws), and the potential for widespread consumer abuse.
The concentration of resources in Ado LGA., while the remaining 15LGAs., suffer demonstrates a profound lack of equitable service distribution.
This raises concerns about potential favoritism or mismanagement within BEDC.

I dont realy know much about your state but in Rivers state I found ut that the people responsible for Prepaid are diffrent from PHCN people.If you go fru PHCN, its a long wait, however if you go fru those guys is less than two weeks.

Double0h7:
The uk has no stress yet nearly 20% of the adult population are on antidepressants


I remember I had a Nigerian teacher in college, I wanted to apply for an extension for my assignment due to stress, and she laughed at me! I was so shocked: then she said you don't have time for stress and what are you stressing about! I went over her head and got a 2 month extension.

I hate people who tell you to look at so and so they have it worse than you. Stress is relative. One person could lose 1 deal, 1 relationship, 1of their loved ones, and that causes them to commit suicide.

Another person could have their whole country wiped out (Palestinians) and still wake up grateful to be alive and keep it moving.

That was not what we talked about, you are getting the tail End of it.
I started the conversation with
Stress in the Uk is the stress people living in banana island go fru.Now Im sure you know banana Island, Now at this point I was not delving into work related stress as you can not measure that in this context talking about the kind of stress that comes to you when you did not ven do anything to deserve it ie No electricity, Insecurity, going to the ATM to collect money and your card gets sucked in ,Bank network down and you cannot use online banking, No network in your phone even though you have credit., School strikes for 5 months

Can you even Imagine as a civil servant in the west Month comes and you do not get paid, can you even imagine recording the stress you going to pass through?

Double0h7:
I was shocked when you implied that people in the uk didn't have mobile phones to access the Internet! People were on YouTube, and downloading music from the Internet well before smartphones. My brothers were on MySpace. You just made the concept sound brand new when said 2007.

Nop its people mis understanding what I said, I said smart phones, so questions we should really look at, what makes a phone smart, is it not like saying what makes a TV smart? This is what the argument was all about.
Ok now we are here, what would you say is a smart phone.