₦airaland Forum

mactoni91:
This is one Area nobody is talking about...

The government isn't doing anything...

The Landlords are becoming ruthless...
Agents are becoming evil.

That's why in this election I am not voting any idiot. Whether Obi oooo, Tinubu oooo, atiku ooo, governors, senators, chairman I am not voting anybody.


None of them has talked about housing shortage and sharp rising cost of accomodation in Nigeria


None of them

Love800:
Okay.

Some people don't prioritize. They just do things haphazardly without setting clear goals. This is the lifestyle am talking about.

Ok. I understand your angle sha.

I do not live a lavish lifestyle and I am very modest. What I earn is not a fix pay. I do business and have other passive income so total every month, the minimum is the 2m I quoted and many atimes 10 out of 12months I exceed that amount

I and my family live on 600k a month as that is the money I was earning before I left 9-5 work so for now I maintained same income in running the home which covers feeding, bills, clothing, school fees and clothing

The rest 70% always goes into my mutual funds accounts and kids future savings which is also a mutual funds for them.


So we live off 600k , pay bills from there while majority of the rest are invested in mutual and kiddies accounts.


That's why I say 600k is not luxury life because I am living it and can tell how we patch ourselves

Love800:
Lol.

I personally thought like dat for some reasons.

And i think i have quoted you before, abi? Or maybe not you.

Anyway, i appreciate your response.

Lol. I am curious to know those reasons

Love800:
Its ur lifestyle.

You clearly read how my lifestyle is and you still say it's my lifestyle.

You funny

So Arabs follow for oyibo ?

Una for don talk am since na

I love what the guy did

As a man you should learn to know what you want. Some people are dealing with demons and have been surviving, you shouldn't join them in fighting such demons because you do not have what it takes to survive what they've been surviving.


I remember back then asking a lady out, very beautiful girl and when we got talking I found out that her parents are dead, brothers and siblings too are dead. Some family members are dead too and she was living with her uncle.


I felt bad for her but I am not Jesus. I have not experienced such deaths in my family and I wouldn't want to have such experience. I don't know the kind of spirit she was operating with and wouldn't want to experience such. After that revelation I gradually began to pull out until I completely ghosted her

My friend once had a lady that was having serious eye problems, I think myopia , she couldnt see clearly and needed some medical glasses to see far distance he was in love and sometimes the sight problem was serious . Very good and beautiful girl and he was doing fine until I spoke with him.

Bro, I know you love this girl, she is good, decent , I have seen it, I like her too as a friend but you have to look at the bigger picture. If the table should turn do you think the same lady will choose you?

Women naturally look for strong, stable men they can procreate with. It's not only with humans but all female animals. They pick the best male gender available.

Have you thought of the bigger picture, have you considered your kids , imagine a situation if such conditions transferred to your kids , now you have your wife and your children dealing with it. Can your finances cope?

He didn't listen, fast forward to today, he is married and his son needs those big glasses too because his eyes sometimes brings out tears even when there is no sun. Hospital everytime and when he complains about money this and that . I just keep quiet and don't say anything because few years ago I advised him but respected his decision to stay


Sometimes he says, who no go no know oooo. Marriage na scam, them no advise us how e dey be oooo.

I just stay quiet

Everything about Tinubu govt pisses me off but for this one I am super proud of how they have handled south Africa so far.

The insult has become too much and with the one this govt is handling them, in no time they should come begging.

A child we helped liberate shouldn't be allowed to grow so much teeth to bite us

I earn about 2m a month and still not living comfortably. I still live in a boys quarter room and parlour self of 700k yearly, take danfo to work and barely have decent clothes I wear. Just me , my wife and baby. I don't drink , club, womanize or smoke

Yet I still feel the sense of brokenness every week

Naira has no value

The best thing I did for myself was getting married. People underrate how secure getting married makes you feel and saves you from alot of careless decisions.

One reason I quickly made a decision to get married was what happened to me when I allowed a female friend to sleep over at my place ... A girl that we've been talking online for over 9yrs we became really close and I felt I knew who she was until one day she pleased with me to allow her come over at my place so she could go from there for an interview since my area is closer and her place is far.

We met for the first time, I told my fiancée about her coming and she was cool with it then she came over and following day she wasn't supposed to go she gave an excuse, then next day she said it has been postponed, like play like play she stayed like a week, my fiancée wasn't in town so I lied to her that she already left because I didn't know how to tell her that she was still around. I was still playing Mr nice guy and after like a week she decided to leave my house.

Lo and behold 3wks later she got home and felt sick, it was then that I called her sister, because she used my phone to call her sister while she was at my place so I looked for the number and called her sister to check up on her and it happened that they just had a fight and immediately I called her, the sister opened up that the girl is pregnant and she actually came around to see if I would touch her and she would pin the pregnancy on me but luckily I had self control and wasn't interested in her, that saved me from raising another person's bastard

After that incident, I blocked her everywhere and quickly proposed to fiancée and we got married..

Atleast now I know that nobody is sleeping in my house. I am no longer that nice guy that welcomes or help everyone. I have my responsibilities now and they are taking care of my family

Sheuns:
You understand the stock market, it is just like those memecoins shat. You need large volume of money to earn decent profits. 100k, 1m? Just use your money buy land.

I swr. I was looking at Dangote cement IPO it was sold for 135 naira per share in 2010 and right now in 2026 the price is about 1089 per shares. Which means it took 16 solid years to increase my money 9 times. So if I invested 1m in 2010 after 16yrs I should be having about 9m. Just 8m profit in 16yrs and the funny thing is that the value of 1m then and what it could do in 2010 was far more valuable than what 9m will do for you now in 2026.

The worst one is Dangote sugar. Sold for 18 naira per shares in 2006 and after 20yrs it is I think around 65 naira per shares . That's a solid 20yrs to generate 7x profit.

It's bullshit....

If I am not playing it big to trade and make money with a slight price shit then I am not putting my money.

bassdow:
Generally, anyOne buying less than 1,000 units is just wasting their time while tying the funds down.

Even the earned dividended if and when paid, fit no dey enough to buy data watch tikTok

This mindset is why for long I didn't even think of owning stocks.

Bro you nailed it. It's a waste of timing putting your 100k or 200k in stuffs like this and hoping to be successful with it tomorrow.

You are up against people investing billions that even a 0.5% price movement fetches them millions of dollars in profit but someone with 200k or 1m may need to wait for a 600% price move to see significant gain and Jesus may return before that happens. Even the dividends they pay with your 2m invested your dividends may not exceed 30k when they pay.

Stock market is not for poor people. You need to go in with alot so that a little price movement can fetch you enough profit that you will smile to the bank

I had 2m set out for the IPO but changed my mind after some research..

It took dangote Cement 16yrs (2010 to 2026) to move from N135/shares to an all time high of N1,189/shares. That is a solid 16yrs for to get 7 times your investment.

It took dangote sugar 20yrs to move from N18/shares to an all time high of N95/shares that is it needed 20yrs to give me a 5x returns

With Dangote refinery already priced at N525/shares which I believe is already too high, I believe by following patterns with his other two companies it could take about 5-7yrs for anyone to get a 5x returns on investment. Because for a 5x returns the stock value needs to jump as high as N2,625/shares and mind you one of the reasons Dangote refinery made $1.8bn profit H1 of this year is because of Ukraine/Russia war and the strait of Hormuz conflict between US and Iran, pushing countries to likes of Nigeria.

Normally the big refineries in India and those of Russia provides alot of refining capacity and cheaper output for European markets.

one may say Dangote does can sell to African countries but we know that Africa is not a serious market and it takes one geopolitical moves from the super powers to scare them to shift loyalty. USA alone with Venezuela oil re pumping and refining like hell to take European customers from Russia.

So, Dangote refinery will give some returns but I am not waiting 5yrs to turn my 2m to N10m. Never doing that

I will wait for the IPO to list, wait for a dip and when the dip comes I will jump in to acquire some and quickly trade anytime the stocks goes up. I will swoop in and swoop out ...everyone knows that during an election year stock market tends to crash because investors tends to pull their funds out until the noise of the election dies down and stability returns

I am not buying this ipo.

At 525 per share I feel it is expensive and requires alot to give me 5x profit

For now I will stick to money market which gives me 17% annually and compounds the interest until an opportunity arises

Private investors have already bought billions at a discounted rate and waiting to make some quick profits once it is launched

For me I will wait for the dip and the noise to die then go in and buy the normal quantities I want

Love800:
Its your lifestyle.

My lifestyle is more modest than yours oooo . Don't be too sure

Skj13777:
Oga your in the top 5% of Nigerians . Better cut your expense further and help other people out of that your N2million . Things are really tough for people

Lol. Who did the statistics? My brother there are alot serious earners in Nigeria. 2m a month doesn't even fit into the top 50% percent in the country talk more of top 5%.

Forget the crazy statistics you see, Nigeria has a terrible record of tracking her citizens networth if no laughable statistics won't be pouring out every year.

Back to the discussion.

2m may seem like a lot of money monthly until you get there.

I don't know anyone that is as prudent and conservative like am in this country.

1. I do not drink, I do not keep friends, I do not womanize, I do not club or make unnecessary expenses

2. I live well within my means In a low budget environment living in a mini flat of 1.3m per annum that is so substandard that I am planning to move out but cannot go out because a 2 bedroom apartment in Lagos now cos between 2.5m to 4m... You might say that's less than 2months earning but it is too huge for me.

Let me give you a clearer breakdown

1. Rent alone for both my house and shop in a year take about 3.8m from me (shop 2.5m, house rent 1.3m)... That's roughly 317k to save every month out of 2m


2. Transportation alone to work daily (I don't drive and don't own a personal car) cost about 90k monthly

3. My Nepa bill for both house and shop cost me about 30k monthly (10k for house, 20k for shop)

4. Two kids school fees cost a combined 175k termly broken down to 59k per month to save.

5. House hold feeding cost about 350k monthly

6. Black tax about 60 - 70k

7. Emergency savings about 100k monthly


Let me leave it there. I still have other crazy bills I will just neglect and mind you this is at the conservative level because I did include alot of factors taking out money. I only listed but a few.

When you factor that I have barely 500k to save.

This is not me being ungrateful, it is me pointing out that with 2m don't think people are wasteful when they say it doesn't give them the life they seek

bigpicture001:
It's all in ur mind...if u like waste all your hay days creating very classy family standard, if anything still goes wrong, ur wife will still frown and detest u.

...keep living the best life. Always remember that most of us growing up had a swell time with our parents ..but grew up to suffer cuz parents didn't plan for our future..

I dnt want to say much before u label me poverty mentality..I HV seen this before many times, and have also seen it end either ways

Ur children dnt need much from u now, like they will need in 15 years time..

Being able to write doesn't mean that you have sense.

You stayed in front of your phone and concluded how I live my life.

Don't worry, when you get to that level let's talk and let's see how financially intelligent you are.

bigpicture001:
Those drivers average 500k monthly as u see them so...some jobs will take away ur gentlemanness

Aldou their money can't be compared with the afore mentioned two categories

Making 500k monthly isn't doing well.

I average 2m monthly with a family of 4 and I still struggle to meet certain bills or give my family the life they deserve

He should have struck a deal with anyone coming in to give him a certain amount for those shelves

God blessed your wisdom. The news is annoying

Samuels90:
Very poor minded citizens abound in Nigeria. No clinical diagnosis stated he died from malaria, he already left Naija some two weeks back. Mayb him and his family assumed, which mayb right, but the hospital did not give out that diagnosis. More so, I’m surprised all blogs are rushing to post the news just like you said, whether to show Nigerians are strong or to insult the country. They don’t know the later is what they are doing, crazy thing happens in Naija!

There is no one as stupid as an African living in Africa.

I have been seeing this news circulating round our media since this week and to the media they are seeking for content.

What do you mean by Russian man dies after getting malaria in Nigeria?

Such news will not only scare investors, it will also portray a terrible image of Nigeria and keep away tourists.

For goodness sake, the man died in Russia. Whatever he contacted, is not our business , he died in Russia.

This is where the whites are very smart. You will never see their national news media publish news of such. That a British man died after contacting let's say hiv in Russia. Or an African man died after contacting flu in Russia.


They will never promote such negativity about their country

Rubbish.

I got fed up with this obedient shenanigans.

The same pattern, the same one million man match, no real ambitions as usual the youth are for the fun and vibes and on election day, they don't even have PVC to begin with.

I was so pissed off and embarrassed with the last election that I broke my pvc. I have accepted my Fate with Tifnubu with another 4yrs.

I will get a new pvc in 2031 n expect that a new candidate can defeat APC

ImpeccableDust:
Good morning, everyone. I have been waiting for your advice on what to do and the next step to take.

I've already saved 13M, and I'm getting older. I'm turning 31 and have been considering getting married or building a house with my money.


Would you advise me to start a family with my money or to build a house and see where 13 million naira goes? I already have some land.


Please, I need some good advice.

What do you all think?

The worst mistake you will make is taking your entire 13m savings to build a house all because you are running away from paying rents. That 13m will likely finish and your house is not yet finished or it may complete the house but you will be starting life again from scratch with no money, no savings


And the second worst mistake you will make is rushing to get married because you have 13m in savings and you are turning 31. Let me tell you, the rate at which wedding expenses will suck dry that 13m it will come like the speed of light. There is nothing like small wedding now unless you want to do just court registry and move on but if you want to respect tradition, even the cheapest wedding will such minimum of 3m from that 10m then family comes with it's own challenges and before you know 13m has finished what then will you and your wife survive on? God decides to bless your ignorance and she takes it same year , you will regret that decision


This is my advice for you.

Do not build a house with all your savings, 13m doesn't mean you are financially stable. You are still very broke. Continue living in a rented apartment even if it is expensive, try look for a cheaper place but if you can't find, I will still advise you against using that money to build any house or buy any land.

Secondly do not jump into peer pressure and rush into marriage because you are turning 31. When the difficulties of marriage comes it is you that will carry your cross not those pressuring you to get married because you are 31.

With that 13m I will advise you to take out 12m and invest it into money market mutual funds like those on cowrywise or stanbic ibtc money market that gives 16.5% per annum which gives you N165,000 monthly . Do not touch it. Just leave it to continue to compound.

By the end of a one year period with compound interest your 12m invested could have amounted to about 14-15m.

Waiting for a year won't kill you. With that interest you can now get married with the interest while your initial 12m is still working for you provided interest rate remains stable.


Then the 1m remaining from the 13m, keep it as your emergency funds in any interest account like the piggyvest flex account that gives 12% yearly. That's an extra 120k yearly on the 1m and you can readily withdraw it whenever you need it.

I believe you have a job or a business that is fetching you money.


With this advice you can effectively manage your family with your salary or use interest from your mutual funds to pay your rent or start building little by little.

With 1.9m coming in from your mutual funds yearly at 16.5 p.a you can start building little by little but even with that I still won't start building all of a sudden except it has become a dire necessity for you.


Building a house or doing a wedding should never be done with life savings, it should be done with spare or passive income

That was how I was in front of my shop and watched a woman selling soft drinks and bottled mineral. While walking I think she stepped on a slippery something on the ground whether it was a banana peel abi orange. I sha know that she stepped on something and she fell on the ground breaking her bowl of drinks.

Some rolled into the gutter while many were still on the floor. I stayed in my shop watching everything.

She was able to pack all the drinks on the floor with the help of passers by that rushed to help but then to my surprise I saw the last and those people that rushed to helped going to the gutter to pull out the drinks and bottled water that fell inside the gutter.

They were hoping to wash them for her to sell that was when I stepped in.

I just told them to leave those ones in the gutter and I paid for those ones for her to go

I paid not because , I wanted to help her cover her lost because I felt it was evil for her to still be willing to sell that thing for unsuspecting buyers to buy and consume.

I think total rounded up to about 4k or so, I can't remember and I was just imagining the kind of sickness she would have passed to people all because she didn't want to accept her loss and move.

If Enugu people are protesting then wetin we for Lagos go kon do

Someone owing 40bn has the money, no sane institution will loan you a billion if you do not have the pedigree to pay back how much more 40bn and that's not the only debt she claims he owes.

I understand her game, she tries to use dragging to make the kidnappers change their mind.

I hope and pray for a safe release and let the madness of social media show of wealth be put to a stop

You earn ₦800k monthly in Lagos.

Apartment A: ₦3.5m yearly and 15 minutes from work.

Apartment B: ₦1.8m yearly and 90 minutes from work.

Which one is cheaper after transport, time and stress? Show your reasoning.

Pootle:
what you dont know doesnt kill you

Saying of a stupid person

USA for years didn't see Africa as a priority. After WW2 focus was on Soviet union so they concentrated their focus on Europe, expanding and doing the power fight with Soviet union because at the time Soviet Union was their immediate rival in doing so they left Africa alone since their main allies like Britain and France had presence in Africa, United states looked the other way while Europe milked Africa dry most especially France and Britain even after US had risen to become super power

US after the fall of soviet Union, Russia became less of a threat then US shifted attention to the middle east which they've been since the rise of China.

They succeeded in capturing the entire middle east and created blocks in South East Asia trying to make China surrounded by enemies like they did with Soviet Union but china has been smart and evading this.


21st century saw the emergence of smartphones and worst EV vehicles and with china massive growth, China saw itself blessed with critical minerals needed to control the EV market. While US has the codes and programs, Taiwan has the biggest chip processing factory In the world but china sits on most of the critical materials.


Here is where Africa comes into the picture.

Since US focused on Asia, China had taken almost the whole of Africa with it's loan. As if that wasn't enough, Russia has risen to also pick interest in the same Africa, crawling in, sponsoring coups and gaining influence while the people (Britain, France and Europe) become weaker and lose key control states

US is already squeezing China already. First with the taking over of Venezuela which is a key supplier of crude oil to China who's economy demands so much oil, Iran which shares border with Iran has been feeding china cheap sanctioned oils including Russia.

With Venezuela gone, US is battering Iran and imposing a painful blockade to starve Iran off oil revenue or sneaking oil to China then to Russia Ukraine is given military coordinates and support to cripple Russia's oil refineries again.

With this US is fighting an indirect war with China and China have to look towards Africa.

That's where Nigeria comes in.

US now is finding it's footing into Africa and it is the same geopolitics.

That consulate is not a consulate, it is a base for the CIA covert operations especially to limit China's influence and Russia's entrance and also to gain access to critical minerals resources needed for EVs which is the new oil.

In no time we will see US bases all over Africa and geopolitics with get worst

I remember explaining this on nairaland and some oversabi people insulted me.

I worked briefly with ajino motto in 2013 and also I have brothers who worked there. One has served for about 20yrs as a senior staff at ajino moto at creek road Apapa and another of my brother did worked there for 8yrs before leaving the job. I am surrounded by friends and bosses that are still working in ajino moto and I have full knowledge of that

For years we've cooked and grown eating food cooked with ajino moto

From the white one to madish to the new delidawa and all are healthy.

If you like run from the natural white ajino moto, U will eat the unnatural one mixed with salts and many artificial seasonings in your favourite cubes


For years you avoided ajino moto but didn't ask how is this company still in existence?

Let me shock you, your favourite cubes they come to buy the natural ajino moto msg then take to their factories to mix with their own seasonings.

So even if you don't buy ajino moto directly, indirectly you are eating it from other cubes and they are in turn paying ajino moto huge fees

Goto their head office in Burma road Apapa and their factory at creek road and see how massive Thier factory is and the big big cars staffs are driving. Money choke and they excel

dgitrader:
It's a factory defect. Theres a leak internally. He should return it immediately if since its still under warranty. Such products defrost faster that anything

There is no defect. When I bought mine, a snowsea product that was how it started and I was worried but after some days everything corrected itself and the freezer freezes so well that ice stays for over a week so long as I have frozen pure water in it