₦airaland Forum

Demainman1:
@bolded, I belief that retirement homes abroad may be a better option that aging in Nigeria without your kids around if you happen to have them all abroad.

I wonder if family members or those employed to help you will treat you well when you are no longer able to help yourself. I have heard many stories of carers stealing the food and money of old people and leaving then to go hungry because their children who are footing the bill are all living abroad.

A friend of mine once told me that his aunty(mum younger sister) who was looking after his mum told him and his siblings that the cost of feeding the old woman was 80,000 naira a day. One day o o.

Now tell me, was that woman not better in an old people's home?

Successive govt have really ruined our beautiful Nigeria. We don't have any reason to leave our people back home to come and live in all these strange places abroad if not for the destroyers we have as leaders.

For those who have the fortune or misfortune of having all your children reside abroad, I'll say be prepared. Old age will be quite interesting. May God help us all.

Retirement home nah death sentence oh, its a place you go and stay and await death.I have been to visit a person in one,My ex gran dad was inone.I will take a home and a maid paid for bck in 9ja anyday to that.
Let me brake it d ow n a bit 4 all of us
U cant just wake up un Saturday to go block your friend
U work work and work
going out cost money (2much)
d unattended to, meaning if ur kid(s) are less than 16 nah to pay child care be that so if U n madam work, una bills don rise be dat
U go or U nor go Hospital u go pay still.4
U get bored day in day out
The cold is not friendly
its very xpenssive to stay warm but cheap to be cold
Cost of housing has hit the roof, almost out of reach for hustlers
list goes on

jossy26:
while some people are striving so hard, some have even sold all them properties with lots of prayers and fasting trying to get out of this shithole according to you "men" the ones abroad are very willing and pushing strong to come back home, what an irony

Dont get it twisted, nah men wey arrange dey think of comming back home Ohh
if dem say clap for Jesus nah only those wey get hand fit clap oh, those without hands nor fit clap

Obynolee:
Innoson doesn't assembly but manufactures, he only import chassis and engines the other components are locally sourced, the tyres,bumper and other fittings plastic fittings comes from his plastic industry in Enugu.Him being a spare parts dealer is immaterial because he is not the person making the cars but employs engineers. When he started, each Chinese that was working there has two Nigerians under him to train. At least you I hope you saw different stages of motor making when innoson plant was in the news?,ranging from when it's been fabricated and stage when it's being tested to ensure that water doesn't enter the car and rest of them but all I can see in this picture is fixing of body parts or can you educate me more on this company.

you are wrong the import %70 of what they use, or can you please show my a pic of an hydrolic press

XketchDesigns:
this is nice but however, my problem with this has always remained the same.

last year, i worked at a similar company in kano, Although we assembled tricycles imported from india.
the only true manufacture we did was for the aluminium body of the tricycle. it was owned by indians, i am sure this is also owned by indians.
the major issue with this kind of companies that are just springing up all over is that they do not and cannot employ graduates. A graduate has little to do there, most of the jobs are for people that did not go to school, just show them how to put parts together.

Nigeria suppose don pass this level.

Nigeria needs company that employs people that collaborates with car manufacturing companies to code programs for the software used in the cars, design engineers that design if not the engine the other parts, material engineers that can make use of our abundant natural resources.

But we have to start from somewhere, my question, is anyone willing to do trial and error with his or her N20M? cos it might cost 10 times that to trial to manufacture components

EgunMogaji:
Ma Broda, he who feels it knows it o

I talk am before and one little shrimp come begin dey post Facebook page to show visits to Europe which suppose prove am an expert

There's a stark reality between living here and visiting to really grasp the idea of being here.

I'm lucky in a sense that my Wife is here now for 3 years, she's a good currentish litmus test for me on whats happening in Nigeria lately.

I dey tell you, visiting and living diff. ball game.Im very lucky my madam is back in 9ja, 4 that Im very greatfull 2 baba GOD. I be one man squard.the way the life is now once you grab teh kpali and get some mobile money nah to think out of the Box sharp sharp nah sure pass.If not you will live abroad all your life and donate your estate to the queen or govt wen you pass, kids wont even be bothered to them thats stress lol
or baba U fancy retirement homes?

abouzaid:
what i can't just understand is why somebody living in a sane and safer society like Ireland, Europe, north America etc would even retire to this hell hole, forgive my ignorance but i won't hesitate to leave this country without looking back if i have the slightest chance, i still regret lost opportunities for a first degree abroad and I'm try to understand why this folks can't move to more affordable parts of their adopted countries and spend their retirement in peace.

Exactly, that was waht i was thinking when I first came to London, I met some bross then saying how they cant wait to go back to 9ja and I thought they where nuts, now I know better.Its kinda hard to explain, but your full life here is controlled, it gets boring after a while and you realize that for you to make an impact here you must be born here.Now imagine my xcahneg rate £=500, just think of what i can do with that money back home.have you seen how lonely Old people get here?

itswell1:
Warri & ph? Naa militants go full your church oooo, our blood dey hot from that region. As you dey collect the collectibles, dem dey by the side to collect thier own share if not naa to kidnap you.

Him go drop DEVE, cos eye wey see much shop cos na co-operation make rice full pot

Adminisher:
To support a clueless and corrupt nonenitty?. The arms everywhere are a legacy of PDP 16 years in power if you blame Buhari for that you will die a moral coward.

PDP had local conflicts going in all George political zones in Nigeria. Every ethnic nationality had a militia.
One of the Western countries' support for Buhari was based on the fact that only him could disarm these militias. Jonathan was too confused, weak and corrupt

The name JONATHAN will never lack from your mouth and mention IJN

3strikes:
Not really . I mean you write so well.


Anyways my own retirement plan na to go back to naija and start church o. Make I dey rake in tithes, offering and prophet offering / first fruits every sunday. How can you go wrong with that?



I forget to add say I go dey sell prayer stones and oil too....

Running out of the thread now...

holy water nkooo? lol

dainformant:
Former governor of Anambra state Peter Obi was seen strolling at Falomo area in Lagos state. According to his media team, the former governor met with some students who were surprised to see him -as he interacted with them.

Source; http://www.nationalhelm.net/2016/08/former-anambra-governor-peter-obi.html

SO
I dey see Boris Johnson everyday 4 London, if he is not on the Tube he is riding his pathetic bicycle kini BIG DEAL

EgunMogaji:
We in Yoruba say "the stick wey we no want make e shook us for eye, na for afar we dey look am"

EgunMogaji:
Thats not a reflection on me. It's a reflection on the Nigerian building industry and they all combined should be ashamed.

RichYoungRuler is one of the few that earned my respect for using technology on his builds.

well true, wen U wish automation prices sky rocket and cost goes up the roof.true reflection or sincerity well that's another Big question.

3strikes:
I swear I didnt even see this comment when I made similar comment above.


Make everybody keep and hold their pension money tight o. Na from advise e dey start o.

I no fix write statement later o

U must write statement oh, infact you must list statement,
anyways, when things like these happen ,it just brings you down to reality of one of the trillions of things that could go wrong if you do not keep an ear to the ground,I like the idea of a FRIDAY,In my lil xpirience, I have instructed workers to do certain stuff for me in a precise manner then to return they have used 6 head pan of stone instead of ten and structure appeared weak, so if i was building for a customer i don enter na to refund money or re do that part with my own cash or better still, cover it up.I think with al the frauds,let down, insincerity, we are gathering experience and knowing what to watch out for.Some people do not know jack about buildings, while they could be xperst in other things they are dumb wen it comes to construction.Typical example is my Dad, he is brilliant when it comes to financial forecast, he can give U detailed forecast of your Biz in less than an hour for 10 years but trying to show him where the visitors toilet is on a plan ah OYO.So all good and bad on here is working for our good.
there is a proverb in warri,** stick wey U see finish nor fit burst ur eye ball **

n3xt:
Bro! I don't need to tell you how smart I am. You definitely know where to place me on ratings.

You mentioned CNC machine here sometimes ago and I said if only we knew how much ideas we are wasting out here, a lot of us wouldn't be bothering about putting bricks and mortar together to make a living or whatever we choose to make out of it.
I took note of those things we discussed that period. Many people didn't do so. They were here on a collision course.

Make I no too talk but I keep wondering why someone abroad will be asking what to do in Naija to make a living. I won't spend half the year most people here spent to figure it out.

I've shared wifi hotspots here. The pioneer in Nigeria around 2006 is from UK. Funke Opeke and Adeola are doing the magic by bringing the high speed Internet to Africa taking in billions.
Someone in one of the exhibition I attended last year setup a technical and vocational institution (recognized by Lagos state) in Ikorodu where construction workers are trained on how to build the standard way. So people and govt go to him to pick labourers.
Film distribution business was hijacked by our common sense senator from the South Africans and he's doing so good.

Bros there are thousand of ideas and opportunities for diasporans than building houses or buying lands.
My friend and boss is making a big hit in Ghana for replicating what he did in Nigeria a decade ago without stress. He left Abbey National Bank Plc over a decade ago after almost 2 decades of sojourn in Europe and he's good for it here at home. The positives is this govt will deal with diaspora more than the locals. If in doubt, ask Kemi Adeosun and the likes.

So I don't need to stay that long year to know how best to plan. As a matter of fact, I run with an exit plan from the very first day. Ogbon ologbon la fi nsogbon. I learn from other people's experience.

make we leave that CnC matter Ohh, that nah to Hammer later, the blue print is in teh brain we r not even allowed to store it on hard drives ,
In other news I was on about the urge to return home quick and xcape from life abroad.The idea we brought with us is our profit cos money cant buy these.People from abroad learn methodical ways of doing things cos things you read about in Nigeria to add to your bank of technology is what we abroad see and work with every day.
PS:Im not dising people back home ohhh na so me and Egun dey rake about machine to use wen our build start, wen we reach ground we come realize say wen in rome U behave like D romans

n3xt:
On retirement, this all I have to say:

"Surviving abroad is hard, retiring in Nigeria is hard. Choose your hard!"

In Nigeria, you're your own republic. You generate your light, construct your road, provide your security, live and fight with people who have given up on hope of a good life (the this-is-how-we-do-it people) for the rest of your life. Yet you pay tax for the things you can only hope for.

Isn't retirement meant to be a better life after meritorious years of service? In NG, it can only get worse when the planning is wrong.

when you have lived abroad for the duration most people on here have, you will see beyond all what you just listed, kinda hard to explain but you have to feel it to know it.

skimanski:
ABEG WHEN EVERY BODY DON RETIRE FINISH. I DEY WAIT UNA FOR NIGERIA. MAKE UNA BRING UNA PENSION MONEY

Badt guy ahaha U 2 no go retire abi ,U wan supervise with walking stick ni

mufutau55:
Same thing will happen to me and I don't think I can make it to 112 years with all this toxic foods we are eating everyday.
Thank God, I have a good room downstairs to use AND another good Livingroom upstairs, where I don't have to come down.
Nah adequate planning dey kill us... but we too like the Duplex to overlook everybody for neighborhood.

Hajji M.

ahaha U know nah,we like to do close to the kind of life we don use to abroad.But U know nah, most of us don see strong thing pass people wey dey 9ja sef, So we be like water proof bag inside soap water.

mufutau55:
Of course you never so... I am just giving another example.. of how N5m may not be enough.
But Diordaves is surely right, we don't have to build mansion for retirement home,
especially for people like me who only have few more years to spend on earth... before
we go say we are building it for the kids... where, which kids.. they have their own life now.

Hajji M.

My Grand father now had to re construct his 2 story duplex cos he can no longer climb the stairs, mind you he is 112 years plus. walking without aid.This house was built in the early 80s

Bisjosh:

Cos naija men like ladies they can boss around but they can't do it with the ones over there

I do not think so, teh social economic situation does not favor 9j 9ja marriage, only by the grace of GOD

EgunMogaji:
One of my ex is a Brit so the regular digs at you guys

Again, I should be done with building my house and set up before I retire. I'm not removing my retirement from the US, that's insanity, I'll only transfer the yearly interest income to Nigeria.

It's not how long one has been in oyinbo land, some have been here well before me and they're still driving cabs in LA.

I never let anyone dictate my positioning

I should be nice to Europeans though as I tend to go there for senior healthcare instead of all the way to even Florida.

baba U lie, we dont want maskurade here, where we go Inject arm or leg
on a serious note you are right,planning is the key, me Im not going back cos of retirement in my case,Im stil a young person, and by the special grace of God the youngest lanlord on this page .
U know for me the major achievement of being here is learning a better way of adapting to life and and self realization.These goes beyond money.I told my Dad that I am only going to spend 10 years abroad then come back,16 years later Im still here lol
But its all good, at least i can bring my Range |Rover to your office together with non alcoholic heny for servicing and we can sip fru the pages of NL and laugh back

mufutau55:
That you are surely right... When I retire and come home.. nah only to look from the upstairs.. I am not thinking of business or any type of work. I will damn too old to do any of that anyway... Then, where and what is my retirement?
If you are young and retired like EgunMogaji, you can still be MD of your own company instead of chasing the little girls around the street.

All in all, be prepared... constant income is a better way of protecting yourself. I am serving my time for future...

Hajji M.

You just reminded me of a programm I watched last week,I learnt there are young pensioneers and old pensioneers

EgunMogaji:
I've continuously resided in the US since 1986, I don't know what they do in Canada or Europe because frankly I don't care. I know that the Brits need better dental health insurance though

I can only speak for myself and won't even guess at Hajjs or QC1 strategy.

I do things based on what makes me happy, I'm a very selfish person, and I really don't care what others think I should be doing or have. I think QC1 might have gone up to N30million due to situations beyond his control as we know.

Now, I am building my retirement house in a village where I bought two 60X120 plots for N500k a piece. The 1,500 square feet structure is roofed and the 4,500 square feet structure is at roofing level. I haven't broken N8million at this stage including the price of land, fence, soakaway, etc but I think I will need twice that to get the level fo finish that will satisfy me. Why do I need something that elaborate? It's what I want. Can something smaller do? Of course but it's not what I want. Reason why I drive used high level German automobiles versus brand new American made shytes.

In my opinion, before I move away from the house issue, I was very prudent on where I bought, what I bought, what I am building and my level of involvement. I can't do real estate as a rental business, I salute those that does but we all have our own capabilities. I would love to develop an estate one day if time and money allows in Ibadan. Buy land, develop, build houses, sell them off and move on. Day to day hand combat with tenants and strategies around that is not my thing.

Also, people that are buying in GRAs, Lekkis, etc spending N10m etc is not my thing.

On income, I have a robust 401k plan that is matched 125% by my employer and I've been working for them since 1997 with no plans of leaving until I pack my suitcase to go to Nigeria. Days old on a promotion with pay increase, allahmdulilai. I bring this up to show two things, pay increases and employer 401k matching. I also have my own IRA that I contribute to.

Additionally, there is social security. My plan is that if all I have is SS income then I'll be living very comfortable in Nigeria. But SS is only about 33% of my retirement income. One has to be critical and diligent when it comes to retirement. I simply prefer to keep my money in USA economy as remove them only as needed and not put it in Nigerias economy. It's a personal choice.

So moral of my story, we all have individual plans and choices that we make. Mine, build a very comfortable and bespoke house pre retirement as time permits. At retirement buy a full flight restored classic SUV, triple out of country visits to Europe for medicals and sight seeing. Set up a technical automotive training school to keep sharp. DONE

baba U don dey Dis England gain abi ,the queen must hear Dis
In other news I have a bad tooth ache and I dont want to go dentist cos all you will hear is filling so Im using bonjela
Baba 1986 cough cough cough cough cough that year I just wan enter class 1 ni, and like dis I don tire for Europe
In other news retirement is inevitable, waht you do when you retire home is determined by so m any factors and our Economy back home is not helping matters, whats the way 4ward, we have to be innovative.I still believe if you are skilled you are good to go, but if you are retiring and thinking of business in the Nigerian climate hmmmm OYO however if your Biz involves you traveling back and forth abroad and 9ja then yeh. Question waht biz
In my view, I think we should put a great deal of work into managing our xpectations.No matter howmuch you come back with it will be exhausted without receipt if you do not plan well

EgunMogaji:
For the old timers


https://www.youtube.com/watch?v=Eg2KmZd6X8g


https://www.youtube.com/watch?v=J07PA_idbkU

My dad had the LP, back in them days I was thinking what a sad song lol now I know better,I remeber me trying to salvage some of his old LPs when I came of age lol

Qc1:
Are you in Edmonton or Fort MacMurray ?

Bro regards going to 9ja for good,U could have done what Im doing right now, make the retreat a gradual process, I started mine in 2013, and I will be going final next year by his grace

mavverick:
I am glad to be of help, at least i like to think i helped to expose a fraud, shared some ideas and learnt a lot here. Met some really cool people, you all know yourself, not only meeting on a faceless forum, some here I have met face to face (you know yourself). Thanks to all the regular positive contributors on this forum, been of immense help.

As for LastPage, well Erico said it all, lol. Only for LastPage to say that whenever he enters the country, some people in the airport will tell him/her, now what was LastPage thinking for coming here to type such a thing, does that even make sense ? Is that a threat or what ? When Qc1 hinted that he might be on the lookout for a weapon, he was heavily criticized, however when LastPage said that he will get someone in South south or whatever to let them know when someone is in Nigeria, we knew LP was referring to Erico, nobody here said anything to criticise LastPage for such a cowardly comment and what I find to be childish. I smell hypocrisy, well as for me I am not scared of anyone but GOD, and independently minded I guess anyone can go and find out the meaning of the word "maverick"

My brother U know nah Empty Drum dey make the loudest noise, me I nor dey talk plenty,if I enter 9ja dem go wait me,
Out of respect 4 my Ogas in teh house I just stay quiet and press mute I know wen broke people issue threat.

diordaves:
Most tenant generators in Nigeria are pull to start and for you to extend any wire you need to first convert pull to start to electric start. Trust Nigeria, to convert to electric is more expensive than the genset. Far from the less than N1000 prudent run you advocate.

wait a minute, my Dad has a remote start Gen, I so liked it, no need to walk out

itswell1:
God bless you oga QC1 you dont need advice from people living in a country illegally with no papers. His plan was to pass from tunisia enter italy but nemesis come catch up with am. The man is stranded!!!! And shame no fit make am come back home.
At that year the desert rat was still running around alaba rago on pants. Person when never see anything go call snake rope.

Thank God say we No longer dey Europe

nursevee99:
more of the site work

It would be a good Idea to clear inside the build of any growth and rubbish that might rotten and form void underneath the German floor.

Chukzyfcb:
Paid employment well maybe but in business setting, na lie o!
For an average igbo man doing business at alaba or idumota. He can get 24million naira in cash or asset in 30yrs. There are plenty evidences around me, so I cannt argue that.
Infact I'v come to the conclusion that an average business trader makes more money than average salary earner.
You are also forgetting that the individual investment skill. Someone that's quite savvy with land investment or stock trading can grow his money to 20million in 30yrs. Its all bout what's in your brain & how it can be converted to money. But as for trading , average igbo boiz dey make 5million sef in 3yrs

You are missing the point,Plz read again you will see and realize I was talking about salary earners, hope it makes more sense now

grossintel:
Are you sure it's my account your checking? It was created in 2013 and my first post ever was in 2016. Even if you say 2010 if you haven't made it yet in 6 yrs after school you need to invite Jesus. But wait o why u carry my matter for head like this guy?

yeh was a typo, but chey we dey discos nah ,in other news I just realize how old you are,I can now free you with your thought,your frame of mind is def going to be diff frm mine.

grossintel:
You don't even know me or what I do for a living so you can assume anything you want. In as much as the economy is bad a lot of people in this country only read it on the news but they are still getting richer that is life. So don't sit their and conclude you know people on nairaland because they are activate
Users.

guy your life is on nairaland, go check your previous post, you lot seem to forget when you post on line you leave digital finger prints, go and check you post from 2010 then come back, why did you think I was confident you do not have N5m in ur bank