₦airaland Forum

Kaczynski:
Dey play Plastic surgeons make way more than finance bros in the US

https://www.wallstreetoasis.com/forum/investment-banking/fact-average-doctor-makes-way-more-than-average-financebanker

You should read the points where most outlined how bankers out-earn doctors. Plastic doctors were the exception. Moreover, that is just banking whereas I also mentioned quant specialists. How many US doctors get paid $250K as an intern? If you say doctors earn lowly during housemanship before commencing their careers, remember that they spent more than half a decade learning it. Mathematicians spend only four years. It is no surprise that even in Nigeria, the most brilliant folks (judging from WASSCE and UTME scores) aren't interested in medicine as a career path. E no dey pay.

MrPresidon:
That's because you understand terms and conditions of the business. Most Nigerians don't, and they don't like to do things properly.

I also feel the business owners are partly to be blamed. Many of them familiarise themselves too much with their customers hence creating room to compromise business policy with those customers. You know how Nigerians love to do things on a paddy-paddy basis.

I run a service business also and one thing I don't joke with is my payment policy (at least 70% upfront payment before work). I have had issues where clients will not want to pay due to one excuse or another but if heaven likes, let it fall, I will not do any work without collecting payment first. Some people will even say that I'm chasing away customers with my "harsh policy" but I say its better that they choose to go over payment policy than bad service. Whoever understands the value I create will continue to patronise me, and of course I try to maintain the best service.

Some even say that I'm not friendly, but in business we don't make friends, we make money.

Your business would prosper.

If in Japan where the natives are largely honest, dry cleaning businesses request for FULL PAYMENT after the collection of clothes, then you are on the right path by requesting for 70%. Anyone does not like it should buy bucket and OMO.

Nazgul:
So I was discussing with someone earlier today and he was telling me that he spends about 24k to dry clean his clothes every weekend. He went on to tell me that his dry cleaner told him that he makes between 70k-100k per day from customers. I know that despite the harsh economy, people still patronize their dry cleaners. But that 70-100k which he told me he's dry cleaner makes is really tempting me to go into the business. I know some dry cleaning services within my neighborhood, and even though they look good and even have staffs which they pay, I can't give a rough estimate of their earnings.

That's why I brought it here to seek public opinions from those who might know better; as to whether it's possible to make such money in a day or whether it's as lucrative as it's being projected. Cos I'm already thinking of starting the business and employing people to manage it.

Those are revenues, not profits. What is his profit margin? Also, how long has he been in the business? Who are his clientele?

pansophist:
Sadly he went to japa to the worse country where shege pro max dey wait for am.

He no see FInland, Australia, Switzerland, Austria etc go?

lol

Those countries except for Australia (aside from language similarity) have onerous post-study work visa policies for Africans. Why do you keep recommending them? They are not feasible in any way for an African who wants to stay back after their studies. For education purposes, Switzerland is the only better option. I don't see the reason an African should spend money to study in Finland and Austria simply for educational reasons.

pansophist:
I like the softening nature of women.

You go see a hard man wey stingy like tortoise, greedy to the core and hardly smile, but one girl go just hold his button like remote, and he wchinistic, just because its a male domain.

Women also have an andrenaline factor on men. Women makes lots of men work very hard financially and in the gym, either to take care of her, to woo her, and be the favour of her eyes.

Karleb, she I told you this stuff? Hypergamy works because men have to toil to get the women of their dreams/interests. The reason men work isn't just for themselves, but for their women.

Kukutenla:
1. What is the relationship between subsidy and homogeneity? Is subsidy in any way linked to history or culture? Subsidy is an economic term that's linked to economic stability and societal equality. No subsidy and class inequality gaps gets wider! That's why you have subsidies in critical sectors of an industrialised economy. Most of you run to industrialised countries without realising that they all became what they are through subsidies. The West built their age of civilisation on the back of cheap labour provided by slaves harvested from Africa. They transpired to the industrial age through the exploitation of cheap raw materials using colonialism. That's how they built the societies they have today. Don't get me wrong. They were highly ingenious and creative. But ingenuity alone does not provide the abundance of materials that's required for the level of industrialisation of the West.

Subsidies work best in countries with fewer people or homogenous demographics. Cultures are different and when yoked together, they have different approaches to life. Nigeria cannot be like Namibia or Saudi Arabia or Norway simply because of our population and ethnic diversity. Developed countries apply subsidies, but one thing you must know about almost every developed country today is that it became developed and prosperous as disproportionately homogenous nations. Apart from the US which had only a black population of less than 15% as of 1990, no other developed nation that you can think of today is heterogenous. So you see, subsidy works best in homogenous settings. A nuclear family will utilise subsidised resources better than a polygamous home because the former is homogenous by blood. The same applies to extended families. Humans are tribal.

About slavery, while the West enslaved us, the belief that having slaves lead to prosperity does not apply to East Asia or now rapidly developing South east Asia. If you equate slaves to cheap labour, labour costs are cheaper in Nigeria compared to China. Thus, a developed and prosperous society can be achieved without slavery.

You think Nigeria's economy is not free? I beg to disagree! The Nigerian economy is free. Most Nigerians get by with little or no government interference. As a matter of fact, government interference complicates things just as we presently have with the whole issue of subsidy. The basic fault with fuel subsidy is corruption. We can't even say how much we consume with confidence. We talk of smuggling, oil theft, bunkering and we ignore all that to complain of subsidy? OK. The subsidy removed since last year, over a year now, where is it? The claim was that we spend N400bn every month on subsidy. It's over a year now that it had been removed. That's N4.8trn. Can you point to any cogent thing that has been done by this govt that you think can amount to just N2trn? So where's the money?

You cannot export yam from Nigeria. This means farmers in the north central have been cut off from the export market while their Ghanaian counterparts export yams to African communities in the abroad. Two, STARLINK Nigeria which generated $1BN from cocoa exports could not have achieved the same if not for SAP by IBB. Before then, there were commodity boards. Today, farmers in the north make a lot of money by selling their farm produce at market rates to exporters. That is freedom.

If you want to eliminate corruption, reduce subsidies or remove them entirely. NITEL was subsidised, but it was inherently corrupt. MTN is not perfect, but anyone in anywhere across Nigeria can obtain a SIM CARD without knowing anybody. Mr IbeOkehie has written extensively on this. From what I have read, subsidy seems not have to be fully removed. This problem started when Tinubu and Buhari vehemently opposed and fought Jonathana for the same policy they try to enact today. Karma if you ask me. The problem with Tinubu's policies seem to be his crony capitalism, which is not surprising anyway. He has always been a crony capitalism.

Ayo1011:
I'm not 100% but I believe the total amount has to be equal to 11k Euros, i.e on a a scholarship of 5k euros, you would need to block 6k to complete it

If so, then interested folks should aim for partial scholarships while being prepared to cover the remaining part to move from Category B to Category A.

---

I recall when I disagreed with Nigerian students aiming at Germany last year but was vehemently insulted by a few Nairalanders. You see, in this life, you have to be brutally realistic and always expect the worst to happen even while hoping for the best. I don't consider it reasonable for any Nigerian student to spend two years undergoing online classes while hoping to get an interview date. No school would wait for you. You are better off using the blocked funds to cultivate cassava and process it into garri then flour and hopefully ethanol.

Germany should be erased from the minds of anyone who doesn't qualify for Category A as a place to study as a graduate student from Nigeria. If you love Germany, do so on a work visa.

Kirssey:
Any publicly funded scholarship will do. Doesn't have to be full

If so, what do you say about this post?:

Hannania:
Every single applicant must meet the €11k yearly requirements. If you're on scholarship, it must cover that amount. If it's less, you must block the deficit. If you're a PHD candidate, your PhD contract must cover such, or you provide BA or SL.

So no matter your category, proof of that $11k must be provided by BA, SL or Scholarship

jaeima:
The waiting period now for category B is 25 months (2 years 1 month)

digilexsolution:
True, it's confirmed.
From 18months to 25months.
Only God knows what's next.
Anyways, I don't blame them. I blame our useless leaders who has made the country unbearable for young people to strive.

Hannania:
There's nothing you can do because more than 5000 Nigerians are in your shoes too. Unless you fall under CAT A, meaning you get a scholarship or PHD admission , you have at least 19 months to wait. There's absolutely nothing you can do. No special treatment. 2026

lol

lol

Proserpina:
Softlife baby ! 🧖🛀🪂🏂🌮🥨🌭🍗🎌🇦🇺🇨🇺🇨🇿👠✈️🎠🍸🍺🍻💅

lol

Good luck to your quest.

IbeOkehie:
cc Gerrard, we had this discussion a bit ago
Thanks 😊 to sula.ak for posting this. It's a good summary and solution to a simmering quandary. Very relevant and well written.

Good Luck to Nigerians

The post really made sense. I thought you were the one who wrote it sef.

If things don't change for the better in the next decade, I forsee many young Africans (the Gen-Zs and Gen Alpha) yearning for a return to colonialism or charter nations. However, I don't fully believe the West wishes to see a prosperous Africa judging from recent events. Nevertheless, it is in our hands to make the continent better, not anyone else.

Onegai:
Marriage in Nigeria is popular as a socio-economic apparatus: it affords both genders social and financial benefits.

The Middle Class isn't marrying as much because it's easier for them to japa as a single person than with a young family. They're also not reproducing at a high enough rate for proper population replacement (ignore than 200million Census number).

Maybe for Canada Express Entry, but if I am to go by the media opinions surrounding UK japa, I would wager that the majority were married, especially as the naira's value plummeted and immigration rules tightened. Student visa japa to other countries generally favours single people.

You're getting a country of poor people with a population replacement of the poorest and most uneducated lot. And even in that demographic, they're now avoiding Marriage and Reproduction.

At the bold, the birth rate begs to disagree. But I do agree that marriage cum birth rates in the south are lower than in the north.

It's hard to see but will be more noticeable in the coming years. People who monitor these things have already noticed it.

Any place you could point me to? Like journal studies or guest opinion articles. Thank you.

Solanaa:
I'm curious to ask our brothers especially those who live in countries with so many migrants from different nationality, (USA, UK, Canada, Dubai, etc.)

First of all, This is not a form of racism in anyway, I solely believe every color is beautiful and unique in its own way, But I just wish to conduct a research and Google isn't really helping matters too. So from your experiences and interactions with people of other races, Can you categorize people of different nationality on average of their color?

Yes. I can differentiate Africans according to the region they come from. Over 10, I get 8 right. Southern Africans have certain features which are distinguishable from East Africans as well as West Africans. It is getting the country that is hard for me as there are many countries within each region. So, most times, I go with the region or a general name. Except for a few such as Ghanaians with their accent or South Sudanese with their height and dark colour. Southern African women are very distinct because they have big yansh - steatopygia. Also, they have a unique accent. Those in the Horn of Africa are also distinguishable to me because of their skin complexion. Nonetheless, I can easily tell who is an Francophone African. One feature is that Francophone Africans tend to be calmer in their disposition. In my opinion, they have this less aggressive look.

Take for example, I believe Americans are whiter than Romania and Romanians are whiter than Japanese (Asians) probably Yellow, Then Asians are whiter than South America while they are whiter than the arabs usually referred to as brown then Africa is the darkest in terms of skin color.

I can differentiate Arabs very easily and even go further by differentiating them based on their appearances. I base this on the wealth status of countries. I believe an Emirati or Saudi would look "cleaner, posher and richer" than an Egyptian. I can also tell if the certain Arab grew up in the West by how fluent the English is and skin texture.

As for Americans, I can know them by how loud they talk. Generally, I classify them as Anglophones - Irish, British, Australians, and Americans. Only Americans have marked differences. It is quite hard for me to differentiate the other three as the tone of their English is the same. For Indians, I do the same and even try to pin-point the particular region with India. However, I failed in this recently but got an earlier guess right. I guessed Goa for both, but the most recent encounter comes from Chennai. I do the same for Pakistanis. I did one recently but he is from Mauritius, which historically had immigrants from India. Those from Nepal makes it hard for me as they look like Indians. Vietnamese, on the other hand, are easily identifiable.

For East Asians, I would say I am almost perfect as I work with Japanese and Chinese. I also studied with them. Mainland Chinese tend to be very loud just like Americans and also in their spoken Chinese. Singaporeans, Taiwanese and Chinese Malaysians aren't the same. I would add Hong Kong as well. On the other hand, I can easily differentiate a Singaporean/Malaysian Chinese from other Chinese groups by their accent. It is so distinct. I did this with a Chinese PhD student who lectured me and an Indonesian for an experiment. First, I mentioned Singapore which was wrong and replied with Malaysia, which was right. The accent is so unique. This applies to Indians and Malaysians of Singaporean origins. I know Koreans and Hong Kong Chinese - they speak better English than Mainland Chinese. Again, the accent of Mainland Chinese is easily noticeable when they speak English.

Eastern Europeans are generally whiter than those in the West. Northern Europeans and those in Central Europe (Austria and Switzerland) have unique features, but I would say they are whiter than those in the UK, France, the US, Canada, Spain etc. Those in the north and east have this "blonde look" that is not found elsewhere amongst Caucasians. Israelis are basically Eastern European Jews who emigrated from Europe. Yes, South Americans are different except for Chileans, Argentines, Uruguayans and those in Southern Brazil who look exactly like Europeans (Swiss, German, Italians and Spanish). No difference whatsoever. In my opinion, Chinese (from the eastern part where the wealth is) and Koreans are "whiter" than Japanese. Japanese from the south or Okinawa have a slightly different skin colour from those on Mainland Japan.

Lastly, for African Americans, I can easily know them as their skin texture is very different from black Africans. I think only South Africans come close, which is not surprising as both groups are the wealthiest set of black people in the world. Also, the way African Americans speak, walk, dress and do things is markedly different from black Africans. Before amassing these experiences, I asked another Nairalander - Ramalot - a similar question. You can find his response here: https://www.nairaland.com/7484940/lived-visited-over-30-countries/1

Proserpina:
Like! It's crazy!

Honestly, what I've learned is choosing a partner is way deeper than what we think. Craziest part is qualities to look out for keeps changing everyday. I don kukuma talk am no matter how much I earn the man must provide. That percentage thing is not for me. I used to be an advocate but these Men don't deserve it.

Interesting.

No harm intended, but what would you use your money for?

BlueRayDick:
The national grid collapse affects everybody from Band A to Band Z. Once the national grid cannot supply the Disco's, obviously the Dicso's will be unable to supply their customers on the respective bands.

Once the national grid is restored, the Band A people will be amongst the first set of people to be prioritized by the Disco's to get supplied before any other group of customers.

Fair deal. Thank you.

Supposedly "educated" Nigerians with PhDs, MBAs and other relevant credentials/certifications vigorously campaigned and voted for him because he told them "I would phight kwarruption".

Tomorrow, they come online to type big big grammar claiming to be "intelligent". More like intellectwats!

The UAE is a strategic country in the grand scheme of things. The elites have done well. But I wonder how its relationship with Russia would be managed since it had to reassure its biggest ally - the US - of its partnership in Artificial-intelligence with China.

The country has benefited immensely from the influx of Russians from the UK/EU and Russia into its territory. House prices have quadrupled and there's a booming Moscow like scene in Dubai and environs.

When a country get better elites, e dey show for body.

Gerrard59:
I come in peace.

I want to get something straight. How many hours of electricity does a provider supply an area designated as "Band A"?

If it is at least 20 hours per day, how come people complain about the prices since it is almost constant? And protest if their area is about to be designated Band A? Two, how come industries still have to face diesel issues when Band A areas are available across every state (please correct me if I am wrong)? Or is Band A only meant for residential areas?

Thank you.

Thank you to everyone who responded.

As a result of recent events, another question came up within my mind. The national grid has collapsed twice (maybe thrice?). Does this affect Band A areas/customers as well? If yes, what's the severity like? Lessened or as everyone else?

Thank you.

IbeOkehie:
LOL, this is how Nigerians destroy themselves.
Once you hear anything about SUBSIDY for solar systems, know that sector is DEAD. Subsidy ALWAYS produces scarcity, low quality, corruption and high prices. ALWAYS. Federal University, railways, Forex, NIPOST and NTA are all subsidized. Time to learn the lesson.Good Luck to Nigeria

When I read some of the items/industries Nigerians want to be subsidised, I am shocked. Something is wrong with the quality of education most of us obtain. Why would someone advocate subsidy for solar panels or DSTV?

Nwaikpe:
Don't worry, you would soon learn.

Entertainers more popular and richer than you have faded and their wealth fizzled out with their popularity. And they remained at the bottom, simply because they didn't have the means to add value to the society beyond their arts.

You are just a small boy. You will learn.

All he has to do is employ seasoned professionals to manage his investments. What value does Ronaldo add to the world beyond his artistic talent? Is Ronaldo a poor man? What about Thierry Henry and the likes?

I am glad to see young people make financial success from non-conventional sources that are legal. This is the third time I have come across his name, but read that he is popular on TikTok - a new source where young Nigerians are making a kill with their talents. I see many envious people here who should be happy that young people are making it in life faster and in foreign currency.

A good reason never to publicise one's success story in pictorial form. No wonder witches full black dominated environments.

NybenSBF101:
Exactly, his parents won't care, his siblings too. We all believe that money answers everything. I pity this generation

The previous generation with all its performative morality wasn't any better. The previous generations made Nigeria what it is. Make we hear word abeg.

MasterTeeUSA:
This is why one needs education lol...We put value on material things when truly, the essence of living is to live beyond material things...check out Marlow's Hierachy of Needs. He is still at the lower part.

Na small small. He would climb the hierarchy ladder with time. I wonder why he is lampooned. Did he steal the money used to purchase the car?

deji17:
The plantain is getting rotten but we assume it is getting ripe. What a society that idolize and glorifies nonsense.

I am curious, how exactly is it nonsense? Provided his source of income is legal, nothing wrong in getting himself a car as a reward for his hard work.

tensazangetsu20:
Better wait till you hear the man's side before you start raining curses o

While this is true, but for him to have issues with the pastors after her side has been aired shows he has the biggest faults. Churches generally favour men in most cases, but he is not happy none is siding with him. That tells something.

I am a strong advocate of the two-parent household, but in this case, there should be a separation. Maybe not outright divorce since OP does not like it, but for the sake of mental sanity, OP needs to be be separate from her husband. Since she has better finances, the kids stay with her. The man visits as arranged. I don't believe in a do-or-die situation/marriage. If e tire person, let it go.

jify, No vex, but wetin una dey discuss during courtship? I thought married folks married their best friends kini kon kini kon

tosinhtml:
I'm so invested in this story, this daughter was 12 years old & is being pimped at that tender age?

I wonder wetin men dey see for underage children. But seeing the demographic involved, I am not too surprised. Anything can happen.

Kaczynski:
Most doctors make more than bank managers

Because of this post, I will create a thread of salaries in the banking industry.

P.S. The average banker out-earns his medical counterpart, especially when the years of training are factored in. I am willing to bet the bonuses of bankers would match the salaries of doctors. The only positive economic benefit about medicine is job security till old age. Nothing else. If na money, doctors are not amongst the top three highest-paid professionals in any part of the developed world. Quant/finance, tech and law professionals are the top three. Most importantly, they spend fewer years in school than doctors.

Onegai:
Many, MANY men globally, fumble the good women. I've read forums from different countries and I'm frankly so afraid for my sons.

Because there's so very few good resources teaching men how to be Good, Upright Men. Even the Church and the Mosque are failing. Now, add Red Pill to it. Even my male uncles that are elderly now, look back at their mistakes and are full of regrets, some have remorse. But nobody's listening to them and learning from them. Marriage rates are plummeting, even in Nigeria (it's not yet noticeable, but young people are legit delaying marriage now).
.

Largely as a result of economic reasons: anameic economic growth for almost a decade with an increase in population, deaths of young men via ethnic clashes, security brutality, destruction of livelihoods, competition for scarce resources etc. Nigeria is a largely conservative country such that an increase in living standards would translate to higher marriage rates. Northern Nigeria, even with the economic crises, still adore marriage.

Social media rhetoric isn't a full representation of Nigeria. Nigerians (both genders) love marriage and wish to get married.

If anyone had told me eggs would be so expensive and hit 7K (present prices), I would not have believed it. During my university days, I ensured there was a crate as long as school was in session. Boiled eggs remain my favourite and ready source of proteins.

Saladdin:
I wish I can give this comment 1,000 likes! There's a wide gulf between entrepreneurs with corporate experience and those without it. Wide gulf. Nearly all the successful entrepreneurs in Nigeria and beyond have once worked in a structured company for as few as 3 months to as much as 2 decades. The few exceptions are individuals that comes from families with strong multigenerational experience in businesses or families with deep-pockets who can afford to float their ward's business infinitely—profitable or not! The benefits are much, as it'll ground you on workflow, inter-departmental processes, new product development etc. As a graduate trainee in a good firm, at least 2 years experience in a firm you will give you a decent foundation for you to start your own firm effortlessly, provided the funds are there.

It is actually a global phenomenon. Check all the top successful entrepreneurs - the majority worked somewhere even for, as you stated, three months. Some industries even necessitated it even when one has the finance, which is an exception. How many oil companies were started by fresh graduates? Or audit firms? Or notable engineering firms? People have to grind for a while to learn the ropes and establish a network and reputation, especially if banks are to lend the business money. For those who began immediately school, they had a strong supportive system - educated and grounded investors, wealthy parents, hired managers who knew the industry etc.

One of the benefits of working in a structured environment is managing people. A company goes beyond its products and services as people are the engine room of any company. The way they are managed will affect the company negatively or positively.

Four years ago, I stated the same:

Gerrard59:
Preach sir!

So OP is right. No one is saying don't become an entrepreneur but do not so on an empty stomach. You would most likely eat your revenue not even profits as the latter take time to come. Someone would ask what about in the US. What people tend to forget that is the kind of profiles these straight-out-of-school entrepreneurs have. They most likely went to Ivy Leagues, got funded based on the idea not the bottomline of the business, have a strong base to fall on, live in country where interest rates are miserably low and the VC/angel investors' market is strong (literally got founded). So you see? Getting a reasonable job does not make you a slave like some cretins say or keeps your dream away like some mor0ns opine. What it does is: it provides you a support (financially and mentally) on living your life while you plan towards starting your business. What people rarely say about entrepreneurship without investors/parental support/existing history of credit lending is that you would be eating your revenue as they come because your personal problems (rent, feeding, clothing etc) need to be solved.

I come in peace.

I want to get something straight. How many hours of electricity does a provider supply an area designated as "Band A"?

If it is at least 20 hours per day, how come people complain about the prices since it is almost constant? And protest if their area is about to be designated Band A? Two, how come industries still have to face diesel issues when Band A areas are available across every state (please correct me if I am wrong)? Or is Band A only meant for residential areas?

Thank you.