Amotolongbo:
You can buy them laptops to help their ministries.

FYI, their laptops were part of the assets they sold in Nigeria for them to ger there

I think I should also pay their tuition

I was a bit disappointed with what I noticed when I was invited by a university to give a speech on employability to international students (minority groups) in a western European University.
My target group were the MBA and Msc students as they constitute the largest pool. I observed that these students were all using recent versions of the iPhone and Samsung but over 48% of their laptops were coated with the university logo.
At first, I thought they were showing support for their school and I was like "wow you guys truly love your school by placing the school's logo on your laptops". That was when a proud student responded that they were actually borrowed .
Then I asked them, how do you practice when you have returned the laptop? How do you update your analytics skills? Your programming knowledge and your Microsoft project skills? More than half of the class had indicated interest in Business analytics, logistics ,Data management and project management but you do not have a basic laptop of your own?
I saw that as the highest level of irresponsibility. I truly felt I wasted my time.

Penboy:


Not true sir.
They operate a Dorm account.
I know for Shell and Chevron workers.
That I can confirm.

they can get estacodes paid in USD, but their monthly salary in Nigeria is in Naira

Dennisbulkan:

£35k/month or £35k/year, which one?

If you meant £35k/month, that's over £400k/yr which is equivalent to a CEO average yearly salary. If you meant 35k/yr that's less than 3k/month salary, with that salary in UK, you would end up a homeless person on the street in no time. You don't know what you're talking about. You're one of those ignorant morons that pull figures out of their stench butthole.

with 35k/year you won't end up a homeless person, that amount is higher than the average UK salary you can live comfortably in all parts of the UK except London

Penboy:


Difference is, oil guys are paid in USD. So they stay abreast on inflation

Nigerian oils guys are paid in Nigerian Naira

IbeOkehie:


Only 0.5% of Nigerian adults earn over ₦200K per month. That's statistical fact and I know it from real life interactions. If indeed you earn ₦1 million per month, you're probably in the top 0.005%. I would only doubt your claim because you've chosen an anonymous handle. What are the odds that someone that rare would be on Nairaland? Every Nigeria resident on Nairaland claims to be a remote worker for USA companies, earning over $20K per month.

Good Luck to Nigerians.

well your statistics is right however a bit exaggerating. When I worked at AFC, I was earning over 1.7million per month as an analyst, that was a long time ago, there were other young Nigerians in more senior positions at the corporation. Nigerians work in McKinsey, Shell, Schlumberger, NNPC, BAT, Nestle ( depending on your grade) and they earn well over a million and they are on Nairaland. Infact I can give 5 monikers because I know them personally

casualobserver:


The point is such doors are closed to you abroad…full stop! And those positions will go to those who are probably not as smart as you because of the vacuum you created by being abroad. There is a limit to how far you can go abroad by just doing your job.


Nigeria is a member of WHO, Nigeria will nominate people andit won’t be the Nigerian doctor in the Uk. Nigeria is a member of IMF, Nigeria has positions to fill, they won’t be filled by Nigerian economists in the Uk. And so on. not all positions are DG, there are many Nigerians working for the IMF, WHO, World bank, UNICEF etc. there are many positions that countries are required to fill, Nigeria has its quota. Those positions will not go to the Nigerian abroad and your host country will. It put you forward against their indigenes.

I listened to the screening of the new EFCC boss and I thought to myself are you telling me this man was Nigeria’s representative at bodies like interpol, sent by the Nigerian government to places like Harvard, our representative of world bodies like international money laundering committees etc amd the man’s English is one kind? Yes He is because people who are probably better qualified japad. There are Nigerian graduates who are policemen in the UK and the US. The UK or Us govt will never send them to Harvard or to represent the Uk or Us as their official representative on matters bordering of international money laundering etc. or elevate them or give them the sort of exposure Nigeria gave this man.

I have listened to both of your arguments but you seem to be missing the point, you assume that Nigeria is a merit based society, obviously it is not. Hence, you can be a smart ass and languish as a primary or secondary school teacher. Those abroad can go as far as merit can take them. Understandably, some positions by appointment you won't get while abroad, I have personally witnessed that but all the same, I wouldn't even be in the system if I stay in Nigeria. So what's the point you are trying to make? Nigeria only favours those whose Godfather is in the system, hence it is better you travel if you are smart and intelligent. I wrote several proposals to CBN, when I was working in Nigeria, I am not even sure someone opened those proposals....let me end it here

Lekan239:
just like expecting and igbo girl doing housegirl in lagos or a Ogbomoso guy pushing cart in lagos to work and build house in there respective villages.

The only people who can Carter for them self abroad and still send more moni home*niger* are either people who earn money illegally, people who owns successful biz there, people who are high income earners, and olosho them.

People who are cleaning yansh in the UK are very low income earners. Even the moni they earn is nor even enough to carter for there lifestyle there. Funny enough majority of Nigerians in the UK fall into this group

If this is what you think, you were being lied to.

casualobserver:


Because like 90% of Nigerians in the UK, he doesn’t have the money to relocate and nothing to show for all his years abroad. Most Nigerians in the Uk cannot come back to Nigeria and match the lifestyle of their compenporaries who never Japad.

That is the real truth of japa. Your gain is only short term, eventually your contemporaries who stayed in Nigeria achieve more in Nigeria and you are are stuck in a comfortable rot in the UK.


2 Nigerian professionals of equal intelligence and capacity, graduate from University. I stays in Nigeria and the other leaves for the Uk. Initially the one who leaves for the Uk does better but with time the one in Nigeria over takes and surpasses the one in the UK. The one in Nigeria will come to buy a holiday home in the Uk while his friend in the Uk is still paying mortgage for his only home.

Nothing wrong with japaing when you are young but don’t stay too long or else diminishing returns starts to set in. There is a ceiling you will never break for 99% of Nigerians abroad.

If you were talking about Nigeria of the 80's and early 90's yeah but not today

BItt:
Better to make that 1 million in assest than in cash.. Take this as words of wisdom

Cash is also an asset. Cash is the king of all assets

Freelancerr:
Only in assets..
Not cash

Cash is also an asset, just that is a liquid asset, your can evaluate your non liquid asset by finding its FSV (force sale value). The FSV of your non liquid asset can be seen as as cash. How do you that, let say I have a car of about 20million, how much will anyone be willing to pay me right now for that car? That might bring down the value from 20million to let say 6million. Hence ur car FSV is 6million which could mean the instant cash equivalent

benzion72:
You have not made a million a company you are employed with paid you a millions.
To convince us. You go out there establish a business and produce or offer service and generate turnover that will equal to a million

This is unnecessary, you can choose to be in paid employment and afterwards retire in peace. You can also choose to have a company, you can also choose to run a consultancy from the experience you have in paid employment. Nobody is got to convince you...the life and the choice is yours

Desusi:

More money and planning does.

In microeconomics there is the law of diminishing marginal utility ....

Neduzze5:
Salary. Consciously gathered my salary for three months or thereabout in 2020... Took out a loan of 500k to add to it and invested it in MBA Forex.

Never came back, neither the interest, not the principal.

Crypto made me smile 2021.... Invested about 50k in a coin and saw my portfolio rise immediately to 1.5M. While contemplating whether to cash out or not, it dropped further.

However, I was able to gather over 2M in piecemeal before the bear season came on.

Since then, I've never really been so conscious about getting back to 1M.

The first rule of investment is never lose your capital. What that means is that you need to have a thorough understanding of the risks involved and how to mitigate those risks.

AOOG1:


Yes true, but that's one of the best ways you can improve yourself and have knowledge with some tools, while at the same time praticing real life simulated examples.

For instance where I recently did 8 months internship, I stood out because I had knowledge of SQL, powerbi and salesforce already from cousera, youtube and telegram. I have learnt to use other tools too like tableau, and dynamic365.

Nice one, keep learning as well, I am also deeply investing time and resources in conversational AI, and my team and I have worked with two commercial banks in Nigeria on the conversational AI project... basically we are making the normal chat box more interactive and more intelligent...so you keep pushing

online4business:

Bad advice na so I follow the pretend experts in Treasury bills and inflation eat all the gains.

Search for Treasury bills on nairaland a long thread dey here.

Money wey I for just put for motion invest or empire flipper and 10x the money.

Don't invest in Nigeria in naira inflation eat your profits and if you're not careful even the capital.

If you get lump sum get the hell out of this hell hole or better still buy house I no say build house ooo... Just buy the darn building.

Get Payoneer account and start investing in $$ in the us housing and energy market.

Also to anyone who cares to read this

Gambling is not a business (it's a rigged game) the house always win.

If you're the house then good for you.

Learn a skill any skill will do.

It is disrespectful for you to cut in and tag an advise as bad. You cannot advise people to put their money in high yield investments where you have no idea of the risks involved

EMREX02:
Op, Congratulations on making your first millions. By Grace of God, I will surely make mine. I will be wealthy abundantly and without stress.

Amen

Acidosis:

What's next after making your first million?

that wasn't the question

Khyrvxjzy:


i hate all these learning of skills and taking courses

face work squarely

The most difficult step when you have the right skills is the first step...

SenatePresdo:
I got my first one million from Gambling.

I promised everybody around me 10k each out of overwhelming joy.

The next day, the joy reduced and i reduced the promise to 5k each.

The money eventually finished because i started staking high, never knew i was just lucky.

I enjoyed myself that period sha because i was spending anyhow.

That was before i went for my NYSC.

When i made my second million, i got scared instead of happy, i was scared not to go to ground zero again like the first time.

Fortunately my fear saw me through.

Gambling

Ok, I have been getting messages, see my company is quite small , what we do is Advisory, Business intelligence and analysis. In a nut shell we sell analysis of almost every business sector to clients who want to expand into these sectors. We compete with people like Mordor intelligence, reportlinker etc but we are still quite small cos we do not have a large client base and subscriptions so we cannot take in a lot of people for internship. I do not run it physically cos I am still in paid employment.

fryo4life:


Just asking. To know whether you have science background or not.

oooh science, Mathematics

Wesha:
Online millionaires.

Lol, ok share your own story with us at least yours will be offline millions

horlahwaley:
First million in assets, 3 years ago.
First million in cash, last month. I was like so this is how 1 million looks like in cash.
May God bless every hustling spirits out there.

welldone, so how did you make the first million?

post=126460859:
[b][/b]
Hmmmmm, this is so true.
We can relate.
But when you hit that mark,
You will never want it to come down again.
All thanks very to God for life....Good life with hardwork and God's blessings.

tell us how you reacted when you made your first million...

Goalnaldo:
I haven't even made 100k lol, but one day I'll join the millionaires club.

if you have a diploma or a degree, then you can carve a niche for yourself by learning skills and developing yourself etc

garriAndsugar:

Do your company take interns?

If the need arises we do

fryo4life:


Your first degree is Bsc Accounting, right?

lol why do you think so?

Hidewell:
Thank you for your assertion. I will put it into goof use. I am currently learning data analytics on Alisson. I topped it with YouTube videos. You look like a good mentor. How I wish you could be mine.

I am not a good mentor, but it is good that you are doing something productive, don't forget to attend boot camps where you can meet others and develop further

Goalnaldo:
oya boss come and show the widows mite

share your story let learn and laugh

garriAndsugar:

Okay, nice summation.
Why I don't like large sums, it comes with too many expectations and if not managed properly might go faster. I prefer little regular sums even if I'm investing especially starting a new business.

When you have a large sum, you can call any of the financial houses like the IBTC Mutual funds, they have higher rates than bank deposits, you can also invest in Secondary market treasury bills or let your bank bid for you in the primary market....there are lots of legitimate fixed income products that many financial houses can sell to you, where you can get better rates. Some of them even pay you interest upfront...that can be reinvested hence compounding your income

Hidewell:
I have never in my life seen 1million in my akant. Even 50,000 has never entered my acct. I know I won't be able to sleep that night if I ever see a million. I tap from your testimony sir hideki. More money for you. Currently my acct is superb red. Nothing. I won't despise the millionaires because I know one day I will be one even if I don't anything now. How I wish I could even see 10k now. 😢😢😢

Hi, if you are young and focused, just be good with people and be learn to be good with numbers, that has been my recipe for success. Spend time on Udemy and Coursera, search for where you can learn free online courses, carve a niche, master it, and build your CV. If you learn some data skills, I could let you use my company for reference and referral purposes, this could help you earn experience hire positions.