dacool1: On the long run its a very bad idea especially in an economy like ours, let the next idiot devalue the currency then you will understand why it's better to build the house.
You do have a point, though, regarding devaluation. A major reason ambitious entrepreneurs should pivot towards export. Julius Berger had to start exporting processed cashew nuts as construction no too dey pay.
IbeOkehie: Medical care in Cuba is NOT excellent or even adequate. Like all subsidized and free government owned systems, it STARTED and operated well for some time, until the government couldn't sustain it and now it's broken down, inefficient and unwanted. The Cuban medical system is still basking in the glow of propaganda based on achievements that happened decades ago.
Here are two articles, one critical and one praising the Cuban health system.
Nothing owned by government ever works, the same breakdown now afflicts the FREE medical systems of the UK and Canada. In Canada healthcare has so overwhelmed the government that it has resorted to a massive program to encourage SUICIDE.
All pharmacies in Sweden used to be owned by government, they got so rundown that the government SOLD them all to private owners in the 1990s.
A reasonable person can concede that healthcare is not totally amenable to free market principles. Demand for health service isn't voluntary, so that distorts the market. The solution is NOT government takeover or massive subsidies. Healthcare is a secondary good sustained by a booming economy, marginal demand increases when people are economically buoyant. So making the general economy better is necessary.
Nothing owned or operated by government works well in the long run. Nothing. It's human nature, it can never change. The problem of healthcare in Nigeria is government ownership, control and regulation. Think about this - FERTILITY MEDICINE is booming in Nigeria, providing good service and excellent results. Why?
Good Luck to Nigeria.
Mr Ibe,
It is always refreshing to read your posts.
Welcome back to making more of them. Though, I wonder why you went on AWOL few weeks after DT inauguration.
ibechris: I have a land I can start building on anytime soon but I decided to wait this long and grow my capital to a certain level when I may deemed it necessary.
I've chosen to delay building on my land to accumulate sufficient capital.
Upon calculation, I realize that investing about 50-60million naira on a duplex is unwise.Yes,if i invest that amount at 20% per annum it would yield 10-12 million naira per year. This passive income would comfortably cover rental expenses, making it more financially prudent to rent for now rather than rushing into construction.
nnamokenna: You pay 2.5 million naira per annum in Abuja and you don't yet have you own house? Back in 2022 when my then landlord increased my rent from 700k to 1.5 million in F01 Kubwa, I pinched myself and said "No. I didn't come to this world to make money for another man." I got a land, and within 6 months, built a 3-bedroom bungalow and moved out of the man's house. I know I would probably have felt comfortable living there if the man had not increased the rent - even though I have many lands to develop - but sometimes you need to sit down and ask yourself some hard questions and take some hard decisions.
It makes sense for a thriving business person to rent rather than build a house to live especially when the business is in its nascent stages. Also, the environment matters. The children's schools and the serenity. Except the business person can afford the current tenant environment and it does not affect the business, it is better and actually cheaper to rent than to own to live there.
Some of these "I must build my house" result in people living inside thick bushes. Live in Mowe but businesses dey Ajah. Is that life?
There are many people in their fifties that never used those nitel landline. I grew up seeing people on queues at the nitel near our house in the 1990s but i never used it . Does that make me a Gen Z?
Many Nigerians abu.se the GenZ term. People during the 90s are also GenZs. They have this belief that GenZs are only from the 2000s.
pansophist: Ibrahim Traore of Burkina Faso is under tremendous watchlist, that he had to fly to Russia for the May 9th parade on a Russian aircraft to be protected from the aggression of the so called guardian of the ''rule base'' world order.
Same way China flew Assad on Chinese state Aircraft to China in Sept 2023.
In a world where state leaders who wants the best for their country cant fly freely, but global cabals who have enslaved mankind for centuries can, it becomes evident that we live in a very dangerous, unsafe, and unfair world.
People have been so indoctrinated to see ev.il in China and Russia, whereas their presence and standing, especially China's economic juggernaut, is why everyone never turn sl.ave. Sha, I was once like them, so I can understand.
So Assad dey China? I thought he moved with his family to Russia? But how he fell so easily?
Slytiger: 2027 is settled. Make una go prepare for 2031. Tinubu would even get more votes in 2027 than he got in 2023.
He won the presidential election when he was not even in government. It's foolish to think he would lose now 2027 now that he has all the power in his control.
Ofodirinwa: multinational investors are nonsense. China built up Huwaei to superpass all foreign tech companies, do your own.
. Without multinationals, the Chinese economy wouldn't have grown so rapidly as it did. In fact, what China did was forcing companies to enter joint ventures agreement with Chinese companies before being granted access to the Chinese market.
EXPRESSSMAN: Man, if you see the kind of inefficient that goes on in this power sector, you will not be talking of cost reflective. Take it anywhere, electricity is cheap. It is not a thing that worry people in other countries.
Sorry, but that's not entirely true. Electricity is only cheap in countries with abundant natural resources (coal, crude oil and plentiful of high flowing rivers) and a low population. The moment the population is above say 50 million, even if the county has abundant natural resources, electricity costs are bound to increase.
dacool1: The fact that some nigerians in their right mind still defend this stupidity called cost reflective tariff annoys me. When it's time to justify wickness you make comparison with the rest of the world but when the masses demands what's obtainable in the rest of the world pertaining their welfare you simply remember they are living in Nigeria and not spending dollars.
Has power generation improved significantly? I relatively have same hours of power since 2010 in my area, yet bill is shooting off the roof.
You know the joy of it is that we are all in this mess together. How do you justify this massive inflationary effects in 10years of a particular political party's rule.
Only kids and fraudsters will not complain of this regime. To an adult Nigerian now 10, 20, 50 and 100 naira notes are virtually useless.
A country wants to bill us like the western world yet her minimum wage is less than 50 dollars. Let's all continue pretending that all is well. A big burst is coming soon.
I was told the same by a friend recently. He talk say N50 is the only lowest denomination that's useful. Anything below no get use.
praxs: I am jealous of you. Before I stopped using Napa completely, I was spending 170k/month on electricity in my two bedroom apartment. Appliances includes: deep freezer, fridge, 1.5hp ac (10to 15hrs daily), fans, bulbs, kitchen electronics, 3 tvs. Now I am completely off grid through the use of solar *modify - I see people asking my solar set up:
Initially, I was using nepa together with a 2.5kva inverter + 2pcs 220ams battery (no panels). After I relocated to a new place with band A, the elect bill suffocated me. I discarded my both nepa and upgraded my solar system. Now I am using a 10kva inverter, 15kwh lithium battery and 16pcs of 500w panels in my 3 bedroom apartment. This powers my freezer, inverter fridge, washing machine, water dispenser, 2pcs of 1.5hp ac, 4pcs TV, fans and bulbs. Mind you, solar will make you learn load management even more than when you are using nepa. All the applainces are on from 8am to 5pm. Then I start switching off some so I can use my ac at night (I put ac at 28/29 degrees + fan to circulate the cold air). Not for one day have a gone even for 10 minutes without light since I put this set up. Solar is expensive no doubt, but it is worth it at the end[
LegendHero: If N10k last you for 2 weeks which simply means 20k per month, then that is fair pricing when you have like 20hrs per day. Electricity is not cheap anywhere. Na decades of subsidy make this pricing look weird.
We just need to ensure we increase wages so people can afford basic things like electricity.
Affordability is the main problem here. If we can have massive jobs and increased wages, then it will be easier for the populace to afford things.
Absolutely agree. Constant electricity isn't cheap in any part of the world.
I'm forced to agree with those who say Nigerians don't know how to be productive with constant electricity.
atoliman: Being a single mum is not a death sentence or sentence to remain single for forever. Off course a single mum priority is going to be her children, what do one expect when you are dating one? To cook rice for you and buy you beer while her children are hungry. if you have sex with one, expect billings- It is what comes with the terrority. if you do not want date one, leave them alone. Let them find someone who wants to date them
I wholeheartedly agree with everything you have stated.
One major problem with the low salaries and wages in the country is too many people. We are too populated for the revenue we generate as a country. People just dey born born anyhow.
omonnakoda: What is raw form? Does it have a name? DO you actually have any technical knowledge of this issue or you are just blabbing
What is the chemical name of this so called RAW FORM What is the Definition of processing In what form is it exported Honestly you are guessing, clueless and talking nonsense Please do not quote me if you have no facts or anything intelligent to say
You have quoted me twice, even when the government has explicitly stated that mining companies would not be granted permits if they don't process the raw materials before eventual export. The same applies to gold. Processing is as the word applies - processed either to a finished or semi-finished state. No processing? No export. That is the government's stance.
omonnakoda: I asked very specific questions . I want to believe you do not have comprehension problems If you were not going to answer the questions there was no point quoting me
1. What is the definition of processed. What does that mean?
Entire processing from start to finish. The lithium isn't exported in its raw form. The government forbids it. The same applies to gold mining.
2 . I did not mention the word profit at all.
You did to someone else. You asked for the revenue and profit of the lithium processing companies.
It is important to read and comprehend before reacting
I did. You are the one who wants the government to compel cassava farmers to produce only for Nigerians, even when there is an export market. As I stated, nothing stops you from producing garri while others supply to firms that produce ethanol. It is a free world.
Ransomtheking: But how is ikom in South East make una dey relax oooo
In geographical terms, states East of the Niger are categrrised as Eastern Nigeria or Southeast Nigeria, and rightfully so as Cross River State is more eastern than say Anambra. The term "south south" is a political term that only exists within Nigeria and has nothing to do with geography of which cocoa farming is part of.
omonnakoda: Can we start by agreeing on a definition of PROCESSED
let us be certain we are talking about the same thing
So please share your definition
For clarification as far as Lithium batteries is concerned when I talked of exploding demand I was referring to batteries for Electric Vehicles that is where there is explosion
With regard to whatever factory you are referring to how much have they made in revenue since they started business
Oga,
The processing facilities just started, so profits will take some time to generate. However, like the poster you replied, unprocessed lithium isn't exported from Nigeria. The government is vehemently against it, especially in the long-term.
Why do you think Nairalanders don't know about lithium uses for you to attempt lecturing someone about them?
omonnakoda: On the individual level the farmer is making money but at a strategic level Government needs to pay attention
e.g India puts in place export bans on rice because of the food security of their people
Today a lot of Chinese companies in Nigeria buy cassava which they use to make ethanol for export
That is cassava that does not end up in our plates The effect . Less cassava for garri. Higher prices of garri
These companies are often state backed with cheap loans whilst interest rates in Nigeria are nearly 30%
We do not understand international trade and geopolitics
For me there is nothing to celebrate in this in is not in our national interest. We have no control over cocoa prices and are vulnerable to shocks We are excluded from the chocolate industry and need to think Nigeria first
Using our land for Cocoa is not the best use of our land if we cannot participate in the chocolate side
The same thing applies to Lithium we export unprocessed lithium when we should be making batteries which is exploding in demand We are loading our jobs on those containers of cocoa
Lithium is being processed in Nigeria before export. The government doesn't issue licences to mining firms or traders who aren't planning to open processing facilities. Cocoa is also processed into by-products, ditto cassava. No one stops you from planting cassava for garri production.
Qinglong: How long have you been in Japan? I’m surprised you plan to come back since I’m used to seeing you, Tensa, etc doom and gloom about the future of Nigeria (Islamisation, northern rule and civil war, etc).
Or do you feel a bit more optimistic about our future?
lol
Well, many reasons as I see the economy expanding in the next few years. The civil war can happen if the Islamisation trend continues (which I maintain my stance about). Northerners will always govern Nigeria, I don't think I kicked against that. For me, it is mainly the weather.
Kenn55: As for me, I won't live in a 3rd world country again. I will only jakpada when I'm over 80 years and I will return straight to my village to live the remaining part of my life until God calls.
But what I will never do again is to live permanently in a 3rd world when I'm still young.
Unfortunately, Nigerians don't have any interest in collective good and this is why I have no interest in living in Nigeria again when I'm still young, I don't want my children to have that mindset.
So, I'm genuinely curious, why buy lands (you once mentioned this) in a place where you won't nor your children spend their youthful days?
onuman: Virgin girls in Nigeria? With all the economic hardship? Very hard to find.
Maybe in some regions where the men have vowed to fvck all the young girls early on without marrying them. In other regions, they do the same, but marry them. So, unmarried young girls are most likely to be virgins.
IbeOkehie: They re-migrated because Nigeria is a difficult place to make a living and achieve progress. I personally know MANY such people, I've talked to MANY of them at length about it. Some of the stories are fascinating. The musings of Prof. Pius Adesanmi, the late Nigerian-Canadian writer/blogger, are useful to get the point....he said he and his siblings often cursed whatever it was that made his parents leave the UK and return to Nigeria in the 1970s. Most of such families couldn't get anywhere near the living standards they enjoyed in the Anglo-West or even Germany or the Soviet Union. For example, how many people has access to PHONE SERVICE in Nigeria before 2001?
Good Luck to Nigeria.
Sorry I had to shorten the entire post as embedded links could result in a ban by the anti-spam bot.
I was about to reply your earlier post, but since you have elaborated further with this post, let me give my two cents regarding the YouTubber.
1) Not everyone who will stay back in the abroad. As seen here: https://x.com/Nzuko_igboUK/status/1917341349604446713, many agreed that they will return to Nigeria. People return for various reasons, and as I have continually preached, the majority of this japa set did so when they were >25 years old. Being born and bred in a particular place for 25 years and moving to a new place brings a lot of challenges.
2) She lived in SAUDI ARABIA, not the UK. So, it is not an Anglophone nation just as Japan isn't one. In fact, yesterday, I was with two friends (male and female) who visited Nigeria last month and while they expressed their thorough dissatisfaction with how the country is, neither agreed to live here forever. They plan to return on a certain date. The male was delighted to see Black women with nice boobs, big yansh and beautiful legs - something he rarely come across while here. This is someone who was neutral regarding the racial group of the woman he would want to marry. But after his time in Nigeria (where he was born and bred for 25 years), he changed his mind to marry a Black woman. For the lass, this is someone who vowed never to return, but in less than two months of working in an international school in a faraway prefecture (state in Nigerian parlance), she has seen reasons why a co-scholar who was in a similar faraway prefecture returned to Nigeria jeje. So, she too has decided to return to Nigeria at a later date.
3) The YouTuber is most likely married with, say, two children or more. As I am, I am not interested in having more than one child. I came into this world to enjoy myself, not to raise plenty plenty children. So, I have always been indifferent regarding childcare in Nigeria. Also, if my generation is said to be well morally raised because our parents could flog us to obedience, how come the country isn't better? The main problem with Nigeria is the political structure, where there are many "nations" and as a result, enforcement of laws becomes difficult because they could be seen as an attack on participants of each "nation".
4) She used the word "regret" to draw the attention of viewers, but did not expressly state that she regrets her move. In fact, towards the end of the video, she expressed positive remarks for returning rather than negative ones. Yes, I watched it to the end and read ALL the comments.
5) She did not study abroad as you stated, but lived with her husband in SAUDI ARABIA. Also, she spent no more than three years in total. So she cannot be compared to persons who spent >10 years in other countries, especially Anglophones.
6) As you stated, many returnees are doing well. As much as we focus on those who had it bad when they returned, we should also look at those who succeeded. There are many such people, and most aren't that popular, but they are doing well. Yes, the stats might be low (no numbers yet), but their successes should be acknowledged as much as the failures of others. Just because plane crashes do not mean people should stop air travel.
7) Jamaica and Nigeria are not the only Black dominated countries. There are other options, so it is not a must to move to the UK to retire and die off. Also, people move to places for various reasons, and that is okay.
IbeOkehie: This is NOT the first major migration from Nigeria. There's a prior experience that can be studied to understand what is likely to happen.
All anyone needs to do is research the massive return of diasporans to Nigeria in the mid 1970s to early 1980s. Many left Nigeria, returned to Nigeria and left again. Careful study will lead a reasonable person to conclude that less than 5% of Nigerian migrants who left in the big wave starting around 2014 will return to Nigeria permanently.
In fact there's a trend of wealthy older Nigerians moving to the US & UK to retire. There are DOZENS such people in my social circle in the medium sized city I live in...I've given examples with identifying info except for names. For example I know a former CBN Governor who retired to New Jersey and a NAFDAC executive who lives in the same town with me.
Nobody is harassing those with legal papers or citizenship. The only major negative change is for CRIMINALS without legal basis for their stay. There's also SOME danger for legal residents who offend the government in some way...which includes crime of any kind. That's all. ILLEGAL MIGRANTS with no criminal record are under no pressure at all. That's fact that even Federal Government officials are openly acknowledging and that combined with no movement on protections for corruption like with the Epstein Files is WHY Trump's approval ratings are low.
Before Trump ILLEGAL MIGRANTS in many States had more economic rights than citizens. Yes, that is true. In fact it's correct to say that while Mr Trump has acted decisively in CLOSING the borders to illegal immigrants, he is FAILING in his effort to rid the USA of illegal immigrants already inside the country. He has failed, in fact his performance is terribly poor.
When discussing the merits of migration from Nigeria, bear the following in mind - attaining the world middle class standard of living in Nigeria requires extraordinary assets - could be talent, beauty, ambition, aggression, psychopathy or massive social or financial capital. Or maybe extraordinary luck.
Private car ownership or good public transport is a marker of the middle class. Check this out this data for Nigeria, a country with over 120 million people, possibly 200 million...same number with South Africa, a country of 60 million.
In the Anglo-West, an illegal migrant with somewhat below or average endowments can achieve world middle class standard of living within a demographic generation, which is 25 years.
Anyway here's a recent Jakpada who is still in Nigeria. She only spent 2 years abroad and has no regrets returning to live in PH. Probably went to do Masters degree and we know how expensive that is for most. So she's likely from a well to do background with lots of socio-economic capital in Nigeria.
Most notable to me is her commentary on financial desperation and deterioration of morals, the anything goes kind of mentality that has taken hold.
Less than 5% is very low. I foresee at least half returning.
Nevertheless, I agree with you regarding the previous japa generation who returned and japa'd again. Hopefully a study will be conducted to ascertain why.
APOPTOSIS: Northerners are very very hardworking. I lived among them for a few years and I ensured to travel to different parts. Their problem is Religion and their successive wicked corrupt political leaders who fail to open their eyes through education and enlightenment. . pathway to feeding west Africa without BoKo Haram and extremism they would have gone far. No nation with such Agricultural plans ever sleeps hungry. A farm in a county in Texas makes $5billion a year from sales of Agricultural produce.
If that's the case, why aren't Ghana and Ivory Coast wealthy as well? South Africa is different, but what about those two West African nations?
GIDIBANKZ: Anything make me CROSS NIGERIA BORDER FINISH.... I am not coming back again
I said the same when I was in Nigeria
I'm okay where I'm; almost free education, full-time job in a MNC, health insurance coverage and everything, but see me every day reading BusinessDay and Nairametrics
My prayer is that you leave Nigeria and when you do, go through the abroad and let the abroad go through you. Afterwards, come back to your statement.
Politics › Re: The Amount I Spend On Band A Electricity by Gerrard59(m): 6:16pm On May 09, 2025
