₦airaland Forum

franchasng:
Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?



Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent

Normally shouldn’t house investment be recovered in 30-50 years.

My apartment building the way the rent is calculated, it less that 5 years the landlord would recover his cost of building the house. Why?! Isn’t that greed?

At point I asked the also greedy caretaker why there are a hand full of Yahoo boys taking up flats: the foolish old man told me that they are one that can afford to pay . Like seriously why won’t Yahoo boys be the only ones to afford it when rent is outrageous

iwaeda:
The video made my heart skipped, Oke-Ode has more than ten thousand people, Nlfpmod. Our leaders cared less.

Again Kwara is just two states away from Lagos.

It is really too close for comfort.

helinues:
This op has dedicated his time to be posting about the unrest in Kwara state, not that he cares about the Kwara people but the unrest in the state is a vindication for anything to undermine this government.

I am a fan of Tinubu government but you don’t strike me as a sensible person.

For some weeks now insecurity has been escalating in Kwara, if your family members lived there would you be politicalizing it or asking for a solution

We4all:
You are not discerning, so let me explain. Any woman that marries a 'second hand man' has no self-worth. And if a mad man can get married, it means marriage is easier than eating a pie. Bimbo choose to remain single, but your shallow mind thinks she is lonely, and no man wants her. If she were a conformist, all she needs to do is to get married to one useless mad man just to make people like you happy. If she isn't doing so, it's because she doesn't have the shallow mentality of the average African that sees marriage as an achievement.

Speaking of immediate family, is your sibling not a part of your immediate family? Most people are even closer to their siblings than their spouses, so what is your point exactly? Besides, when you talk about love and to be loved, how many Nigerians are in love with their spouses? If they truly are, then why the domestic violence and cheating?

Mr 'marriage is an achievement', there are people who choose to remain single because they are not conformists. They are happy and living their best lives. So, stop consoling yourself that marriage is the most important thing that happened to mankind. Even Jesus Christ wasn't married and he still fulfilled his purpose on earth. The question is, how many married people have fulfilled their purpose on earth?

You are very very good at consoling yourself lol

I like that.

With this your level of thought processing, it will come in very handy for you. You’ll need it.

We4all:
You are not discerning, so let me explain. Any woman that marries a 'second hand man' has no self-worth. And if a mad man can get married, it means marriage is easier than eating a pie. Bimbo choose to remain single, but your shallow mind thinks she is lonely, and no man wants her. If she were a conformist, all she needs to do is to get married to one useless mad man just to make people like you happy. If she isn't doing so, it's because she doesn't have the shallow mentality of the average African that sees marriage as an achievement.

Speaking of immediate family, is your sibling not a part of your immediate family? Most people are even closer to their siblings than their spouses, so what is your point exactly? Besides, when you talk about love and to be loved, how many Nigerians are in love with their spouses? If they truly are, then why the domestic violence and cheating?

Mr 'marriage is an achievement', there are people who choose to remain single because they are not conformists. They are happy and living their best lives. So, stop consoling yourself that marriage is the most important thing that happened to mankind. Even Jesus Christ wasn't married and he still fulfilled his purpose on earth. The question is, how many married people have fulfilled their purpose on earth?

You are very very good at consoling yourself lol

I like that

We4all:
I have two relatives, one is a slow poke and the other is mentally imbalanced. Both were married at some point to women who do not value themselves. I know men who are useless drunkards, child molesters and criminals, but they are all married to their type (low class women desperate to be addressed as 'Mrs somebody).

So, the statement: "no man agreed to marry Bimbo" is the biggest joke of the century! There are men who are ready to eat out of her palms, but she is obviously way out of their league. The truth is, it is better to remain single than marry 'second hand ' men who bring nothing but pain to a woman. Unfortunately, Nigeria has more 'second hand' men than real men, and that is why we still have sophisticated single ladies like Bimbo who are not ready to settle for such men.

Na so

“Story of my life” by We4all lol

Wow. You don fire shots at the Bimbo lol say slow poke and mentally unbalanced can get married but sophisticated women can’t. Why naa

You didn’t see Tiwa Savage’s recent tell it all, that’s a billionaire. Would i say she is desperate, of cuz not she’s human. Wanting to be loved is totally normal. Tell yourself all the tall tales you want. No-one absolutely, no one wants to be alone without an immediate family of their own to love and to be loved by; not especially at 52.

We4all:
No woman in your life comes close to Bimbo in terms of class, intelligence, poise and beauty, so stop yepping nonsense. As for your later statement, sorry to disappoint you, but you don't need to know about my life so, I won't dignify you with a response.

Lool na hin no man gree marry am at 52 Abeg comot for here

When you go past a certain age, E jus mean say no man wan you. I’m not even bashing you or her; it’s the plain truth

We4all:
Common sense should tell you that when an orange gets spoilt, no seller will put it up for sale. So, what the heck are you blabbing about?

Exactly oo

She no see buyer since, till she comot market lol

I understand your pain what is over with men, with God it is never over

Kelvinnchucks:
so I only have issues with one thing.

The soundtrack in the background is talking about killing your husband. I think ned should start writing his will

Az in ehn. I take things like this literally.

It’s just like when a “friend” is using jokes to insult you.

In abundance of the heart the mouth speakth. Na from clap, dance dey start. Issokay

We4all:
Pain kini? You are the one who needs sympathy for taking panadol for another woman's headache.

Sorry no vex

We4all:
I am not confusing myself at all. You are the one not getting the point here. The first statement I made was out of sarcasm. You likened an older single woman to a product nobody wants, and I responded accordingly.

If a product is of no use to the people that want it but cannot afford it, more people will continue to show interest until that person who can afford it will eventually buy it. Peradventure you can afford it, but it doesn't interest you, then just walk away and allow others who want it to work hard for it.

The level of irrationality here is god level.

I have mentioned it like 3 times. People that can afford it, don’t want it! you still dey talk your own lol. At that stage of life is it not even obvious to you.

Orange wey no sell when it was green, e no sell when it ripened, na when e don spoil e go sell lol

We4all:
I am not confusing myself at all. You are the one not getting the point here. The first statement I made was out of sarcasm. You likened an older single woman to a product nobody wants, and I responded accordingly.

If a product is of no use to the people that want it but cannot afford it, more people will continue to show interest until that person who can afford it will eventually buy it. Peradventure you can afford it, but it doesn't interest you, then just walk away and allow others who want it to work hard for it.

Lol now i get it.

Sorry for your pain ma lol

We4all:
How is it even possible that nobody can afford a good? If you cannot afford a good, there is someone out there who can. So, what you should do is to work hard, brush up, and level up so you can afford it.

You are now confusing yourself.

I was talking to your comment (screenshot below).

If the people that want it cannot afford it (nobody - means none of the people thats show interest can afford it). What use is it?

Again what use is a product that i can afford but doesn’t interest me in a way?

It is useless, completely useless.

This is exactly what we need in Nigeria!

We4all:
As good as those luxury products that is above the reach of the common man.

Yes “Common man” but there are people that can afford it. Their patronage keeps the manufacturer afloat.

When nobody can afford it, what use is it?

We4all:
Or maybe the people that want it cannot afford it.

What good is a product, if nobody can afford it?

Please what is “religious habits”?

Truth be told, any organization would have dismissed her. Imagine exposing your place of work on social media. It doesn’t make it right but it is what it is.

I am asking myself was there no better way for her to handle it then come on social media to put a stain on her religious body, (I am not even catholic)

Laalasticla:
Then there was no point for Christ coming to die going by this...
It means he didn't come to do anything....

Please read again. He came to set an example for a sin-free life and empower you with the Holy Spirit to achieve this.

There is something i learn and come to believe.

When you see a good/product stay in the market for a very time.

There could many reasons for this, but it boils down to one fact: Nobody has seen any value in it to own, nobody wants it!

Laalasticla:
What is Sin?
Answer- It's simply the breaking of the law..

Yet Christ has redeemed us from the curse of the Law...I'm not bound by the law but I'm saved by Grace...I say again , if we could keep the law (i.e do without sin), Christ wouldn't have come to die..
But remember all sins have consequences that doesn't mean you're not saved...My take

Lol can you still be saved and be in sin?

Omo we should be careful of falling in error, emitting from our liberty.

You can do without sin! Christ came to set that example and empower you with the Gift of the holy Spirit to achieve this. One blot of sin and you won’t enter heaven! 1 Corinthians 6:9 - Do you not know that the unrighteous will not inherit or have any share in the kingdom of God? Do not be deceived; neither the sexually immoral, nor idolaters, nor adulterers, nor (perversely) effeminate, nor homosexuals,

Christ redeemed is from the curse of the law, did he redeem us from having to follow “the law”?

At your bolded, you just said (example). If you commit fornication, it has consequences but it doesn’t mean you are not saved (that your name is still not in the Book of Life) lol. Brother you don’t want to find out, anybody that has been saved once and continues in sin, would go to hell for free!

femi4:
10k yearly house rent? You dey share the room ni

10/12 = N833 per month

Room ke.

Which room would you see for 10k a year

If this is true, it has to be a tent deep in the forest

kelechi50:
If there's another adjective to qualify the evil, let's say demons infected money. any child you use it to train, will end up useless.

Brother ehn. In this life nobody can escape “harvest”. Whether you sow good or evil, harvest must come.

Nothing good every comes out of such money, you buy car: it will crash and may take precious lives with it, you train children with it; they will eventually turn to error, house built with it: turns to ashes etc

There are monies that i avoid with all of my soul, money from doing evil, money that is not mine (if i can’t talk my way out of the responsibility of keeping it, i would open excel and track it even to the nearest kobo).

Last last, may we not miss eternal home in Heaven cuz of something as trivial and temporary as money.

It is time for Israel to end the war genocide in gaza.

Fighting terrorism is never easy, fighting a faceless and hidden enemy can be very tiring and difficult but the rate innocent children are being killed is a cause for concern.

Plus Israel doesn’t seem to understand they are in fact raising a new generation of terrorists that would afflict them, these Palestine children might not fully understand what is going on but they can see; when they grow up i can’t imagine what would be on their agenda for Israel. It is a lose-lose situation.

InfoGuru118:
Jimmy, a manager with a clearing and forwarding company in Port Harcourt, had innocently offered the soldier a lift from Trailer Park in Onne.

At Oboro Junction, Ikot Abasi, Iweh shot him before escaping with the vehicle and valuables.


https://news360ng.com/soldier-sentenced-to-death-by-hanging-for-murder-armed-robbery-in-akwa-ibom/

Na wa.

If is man just minded his business and didn’t offer free ride, he would still be alive

Orlandoo:
This is a watershed ruling but will the rogue officers comply with the judgement?

The question is who exactly go pay lol

.

Orlandoo:
It seems it is only America that still supports Israel. I think Israel have every right to defend herself from enemies.

Yes, defend yourself.

Not massacre innocent people.

Predictor3:
See the girl this one dey beg. Men will never learn. My cousin's wife was sponsored in school by a fridge repairer. She met my cousin who had a master's degree from UI and had a good job. Na den she know say fridge repairer no go school and that they're not compatible.
Na then the mama remember say she don dey see her daughter for dream for England just because my cousin dangled UK travel in front of the girl's eyes. Chai, women. Some men can be so stupid

I don’t even know how men marry women by promising them heaven and earth, like why?

The thought of a woman being with me solely cuz of what i have no dey make my john-bosco energize i won’t even enjoy her company talk less of marry her.

Chidimercy:
Just got one that is 1 year now, others are still on their way by Gods grace. How do I invest in stocks for them?

You need to open Stockbroking account (take your pick from Stanbic Stockbrokers, MorganCapital etc).

You would also need to broaden your knowledge on stocks, read easy books like “stock investing for dummies” etc.

You are in for the long haul you don’t really need expert knowledge, you approach it as a regular market you go to buy chicken; your foremost concern is getting value for money. Meaning you want to buy the best quality chicken at the best possible price.

“In my opinion” (it is my opinion o lol. Experts can chip in). I noticed that good NSE stock do atleast 400% at all at all in that 10 years time horizon. Some even do 1000% upwards. If you don’t believe run excel of all the stocks as at today and then compare with their price as at 10 years ago.

Even N50,000 per month is sufficient for this endeavor, “once a month just walk into the market and pick the best brand of chicken at the best price” - no matter the company. no sentiment or no being stuck up on one company. Then never liquidate them, no matter what.

yinkus6750:
What else was she expecting ?
If you arriving late for an appointment,due to unforeseen circumstances,courtesy demand you communicate and apologize ahead of expected time.
Been punctual means you value and take the appointment serious, hence you must be ahead of the appointed time.
Let's value time and use it wisely.

Of course it would be a black woman. We blacks are lacking so much value..

Thank God from basic training i got in my GT years. Same attitude to work in like to instill in my younglings at work by example.

Once it’s 8am and I am not at the entrance of my place of work. I send a running late text. Once i am not in by 8am, they know already that it’s either i step in within 1 minute or they get a text. They see the way i conduct myself and they follow without me telling them.

How can you be late, you still don’t have the common sense to communicate. I avoid people with low standards, i shows in the smallest of their dealings

Chidimercy:
Please ,I know this is unrelated to this thread but I have seen that people here have good financial knowledge, I want an account I can open in trust for my children, where it could accumulate just like mutual fund and their can access the money when their are 18. Please any suggestion?

How old are they now. Money market is not bad but If their 18 years of age is far away (10 years from now), I would advise you do 100% stocks on their behalf. Or you split between MM and Stocks based on your risk appetite.

ezebunafo:
Lol my company sacked everybody that went on strike that was induced by the union body,and told everyone they are free to reapply,but have to write an undertaking that that they will not be joining the union again,that's how the union died a natural death.

This is rubbish.

If i own a company, I believe staff have a right to unionize. If i have nothing to hide, what am i afraid of.

In my opinion, Dangote is not a good company to work for. Yes my opinion. From what i have heard, Dangote’s pay is usually sub par compared to the industry’s pay.

megawealth01:
1. The cost of fund at 27% vs capital gains tax

If you take an asset-backed loan at 27% interest, that means you’re paying ₦27 annually for every ₦100 borrowed.

Capital Gains Tax (CGT) in Nigeria is 10% on the profit when you sell an asset.

On the surface, 27% financing cost looks much more expensive than 10% tax.

At the bolded, it is not “looks much more expensive”. it is for a fact much more expensive.

Where what you are mentioning works effectively are 1st world countries where interest rates are so low (US - 4.25%, UK - 4%….). I would never advise anybody to take loan and buy stocks in “Nigeria”. For business where your RoI is more than 27%? Its between “Maybe” and “Yes” cuz you are slaving for your creditor.

It is good to be vast in knowledge but sometimes we forget the purpose of this enlightenment, it is not just to follow blindly.

I would advise, for the Nigerian environment ehn, be very knowledgeable then write your own playbook to fit the environment. Cuz if Adam Smith was born in Nigeria, half of what he wrote would have never seen light of the day. Nigeria’s economy would invalidate them

Final bullet: don’t forget the “rule of 72” 72/27 = 2.67 years. Meaning what ever amount you take as loan at 27%, would double in 2.67 years (ie 50 million becomes 100 million in just 2.67 years). That is not a small burden if you ask me.