₦airaland Forum

Emaprince:
I have both and none opens on my end. Only opay does...and I have just change in there

My Zenith has been opening. I just even opened it now. Na first mobile no dey gree open.

Try toggle airplane mode. Turn it on and off. Sometimes it works.

Emaprince:
Almost all my bank apps, no gree open except Opay. I am supposed to take delivery of a package I ordered on jumia today..now I cant do anything, cos its not something I can easily pay in cash for. Its worth 570k so na by tranfer. The dispatcher have called and I told him to not bother coming. Maybe tomorrow

Some bank apps like first mobile will not open if your network isn't strong.

Some like Zenith Bank will always open as long as there's network.

larride:
When will those cables be fixed like this?

Will take minimum of one week. Maybe more.

I'm just imagining a situation where the cables we are currently managing gets damaged. No Internet. E go red

GloriousGbola:
thanks

the flint with his starlink right now

GloriousGbola:
Man. I sure say I no go return to glo like this? I can't do anything. Even browsing on NL is messed up

Airtel is slightly better in my location. You can check.

izzou:
[color=royalblue]Lambardinho.

He will be running charity here as what?

The CBN one is another revelation entirely. I guess this was last year[/color]

Yes, he was referring to CBN under Emefiele.

I'm not seeing any reason not to believe him. Many businesses make losses in Nigeria year in year out and they are still running.

Theflint1:
Wahala, this man no sound like who ready forgive sha...

Shebi I was saying it. The impression I got watching him is a man who does not care if heaven falls

Make person dey pray not to jam this agbako of a man. I saw one lawyer on twitter say someone pushed his son and the boy broke his hand. Imagine pushing the child of this kind man.

izzou:
[color=royalblue]He is not making any profit and he is still running a business?

Lamba has got nothing on him[/color]

Watch from 9:45 to 10:20 and from 19:26 to 19:46

What do you think?


https://www.youtube.com/watch?v=xLfxFUbBhn4&t=133s&pp=ygUORXJpc2NvIGFyaXNldHY%3D

liveLongNprospa:
Could be but then again it could also be that guy caved to the anger of people.
Coz he was really insulted by people for taking the gig.
Then the sudden rise of pro biafra pages on twitter defending the company😁.

I have watched that man's interview. The impression I got is a man who does not care if everything burns to the ground.

liveLongNprospa:
If it wasn't affecting him, how come he hired the PR team in charge of innoson motors and also paid twitter influencers😁

Didn't the guy that claimed he was hired delete it? How do we know he wasn't just chasing clout?

izzou:
[color=royalblue]Typical one man business where the owner is the HR, Marketing manager and even CSO.

Only the loss of money can make such people behave well.

That is why i don't believe those SM noise is affecting him.

If it was, he wouldn't have the guts to still be dragging the matter.[/color]

I watched an interview where the man said he's not making any profit from his operations in Nigeria. He said he uses profit from his factory in Dubai and one other country I can't remember to fund operations in Nigeria.

Said he's only doing it for his love for the country and the thousands of people under his payroll.

So if everyone decides not to buy, it seems to me like the man does not care. He will simply close shop and move on.

Na our people wey dey work there go suffer.

GloriousGbola:
Submarine fibre cut, now everybody dey send mail saying 'their engineers are working on it'

Na you lay the line?

Wetin dem go send before na 😀

This cut has exposed a lot of things people don't know about the telecoms industry. They are all interconnected one way or another. All those fibreone, ipnx, mainone, e.t.c are all reliant on the big players. Even the big players are reliant on themselves.

The WACS fibre that got damaged is largely owned by MTN. MTN initially migrated their traffic to a 200GB pipe from Glo and then another 200GB from Equiano which resulted in some level of stability.

iamoyindamola:
Are you sure the landlord is not your inlaw

My first 3-6 months in Onitsha, I was surviving on noodles, bread and Akara, fruits and any other thing that does not require cooking.

I remember saying it here I would not have married a woman who is not from my tribe and can cook our yoruba delicacies the way yorubas cook it.

Me and the man no relate anywhere. Na grace

BlueRayDick:


But some landlords are cool like that. I know someone too who was lucky like that for a long time like that too. Na under Buhari administration the baba later increase the rent o

Leave them. They don't know what is called grace

Most people here na heathen

raumdeuter:
You are stealing a living or nacking your landlords daughter

All these concessions you are getting no be normal eye at all. 10yrs unchanged rent? Say wetin happen

Landlord die? Abi you don visit village for landlord matter

Na grace

The man no get problem. Does not rely on the rent. Still does contracts for some OG companies plus other businesses.

A friend living in another location pays like half the amount of other two bedroom apartments in his area. Good house as well. His landlord no send.

These are unlike other landlords who are retired and totally dependent on the rent or just downright greedy

raumdeuter:
400k in 1999 and 5m today. By the time we factor inflation and time value of money. You are richer in 1999

Noawadays if you carry baddie for weekend she fit charge you 1m. I saw one short video of a Nollywood movie in the 90s wey the girl dey charge either 5 or 10k for the week

Theflint1:
Yea, increasing at 20% every 3 years, go dey inch those 40m dem, and that's about what would build you a 3 bedroom in a decent vicinity. The numbers favour renting, but not everybody has that mind and knowhow to navigate entrepreneurship, so getting a property would work for a lot of persons too.

You can stretch that 40m budget to 60m and it'd build you 6 bedrooms in a lot of places in Nigeria, and you'd earn rent on your investment (using that same 20% increase in rent every three years for your tenant, in 25 years you'd have a property worth probably 120m, and rent collected in that time period about 40m)...say removing maintenance, you'd get 100m + 30m.

Abeokuta no follow this your arithmetic

When they tarred the road infront of our house, I told my dad that the landlords will greatly benefit since they can now increase rent.

He laughed and asked me who will pay? That even the current rent, people are struggling to pay.

Sportsweb:
Car is necessity. It becomes luxury when you want to buy the biggest or expensive brand.

I used to be seriously against buying cars. Then one day I went to Ahoada to work. Ahoada is on the outskirts of PHC. I finished late and it was raining(not heavy). I can't remember what exactly happened but there were very few vehicles coming from Bayelsa axis to take people to PH. We were more than 100 by the road.

Even if any bus comes, the most it will have is space for one or two persons and good luck entering the bus.

Eventually, one bike man came and was heading to PH. I think he charged 1000 per person and two of us offered to pay. Naturally, most people avoided him when they heard the price but I was seriously tired of standing by the roadside. Imagine the risk we took taking a bike on an express road while it's raining at night.

I got home and asked myself why I was inflicting hardship on myself. It wasn't that I didn't have the money.

Na so I go buy motor.

Theflint1:
In 21 years, it's about 27m, starting at 700k.

I've seen the mistake I made. Was only adding three year rent.

So if your rent increases by 20% yearly, you'll still need upwards of 25 year rent to build a house.

Still not worth it for me. I'll rather pay that rent yearly for 25 years and use the money for other things.

BlueRayDick:
U are an outlier in that data set. Most landlord will increase rent at least once in 3 years; somebody said that's the provisions of tenancy laws but I don't know how true it is.

Let's say the rent starts out at 700k and landlord increases it by 20% every three years.

In 30 years, total amount the tenant would have paid for rent is 16.6m

This amount will not even buy a land in most places where 2 bedroom rent goes for 700k.

However, you look at it and however you do the maths, renting always makes more financial sense.

Odunharry:
Rent 50-60 years except we are assuming rent remain unchanged over the years.

My rent has not changed in 6 years. Unlikely it will change in the next four years except I move out.

Lets even assume my rent doubles, I'm still looking at 25-30 years. Still not worth it.

BlueRayDick:
Na true na.

It was when we were much younger one would be mouthing stuff like " I will first build house before I buy a car because it makes more sense" ; one knows better now. Building a house is not a bad thing , but building is very very tough now. U go even dey frustrated along the way.

That was the mentality then. It felt like a taboo parking a car in a rented house.

Times have changed.

BlueRayDick:
Take it from me as someone who was actively involved in a residential building project between may to September 2023( It was to complete an already roofed uncomepleted building project o) ; N5m will not do shit for u in Lagos as far as building a 2 bedroom is concerned.

Do u even know how much u will do aluminium window? Sharp sand truck, red sand truck, bags of cement, blocks...etc

Omo, u better go use ur N5m buy camry make u dey enjoy ur life

liveLongNprospa:
400-1m?
Interesting.
But what about holidays? Like travelling to another country atleast once a year. Should that be impossible for a middle class family? Is 1m salary capable of paying for that especially if you have kids?

In my opinion, travelling and vacation is not middle class lifestyle. At least, not in this country.

I know people tend to use general definition of middle class families forgetting those abroad can take 50 dollar flights for those vacations.

Our reality here is different. If we can also take 50 dollar flights between African countries then most middle income earners can afford that.

seankafor:
hmm, so you don't like to be confined in your own space and privacy 🔏?

At the cost of 50-60 year rent, no way.

I mean, I can't because of privacy even though important spend my rent of 60 years to build a house.

iamoyindamola:
Wetin happen na
Cement 3m to build house

At 8000 per bag, that's 375 bags. Anyway, like I said, I read it somewhere. Anything building is not my forte.

iamoyindamola:
To get a good car in today nigeria you will be needing from 5m
Are you saying with 5m you can't buy land and build 2 bedroom bungalow with it?

I read somewhere cement alone will cost you 3m in todays Nigeria to build a 2 bedroom apartment.

iamoyindamola:
Car is a luxury why not change the car to a house that is your own
Not paying house rent is a better peace of mind than owning a car you will surely be spending on

I don't see cars as luxuries. I think it's a necessity.

Secondly, a lot of people including myself belong to a school of thought that it's a waste of money building a residential apartment. It will probably cost me my rent of 50-60 years to build a decent 2 bedroom apartment in PH today. Why will I want to do that?

So one can be a middle class earner and either cannot afford to build his own house or it doesn't just make financial sense to do it.

liveLongNprospa:
What does it mean to be middle class?

And how much do you have to earn in Nigeria right now to fall under middle class

You've been following the arguments on twitter.

In my opinion, if you have a car, can send your kids to decent schools, feed properly and can afford most basic things you need then you're a middle class earner.

I'll put the amount between 400k-1m monthly.

GloriousGbola:
i am not sure it is about easy money so much as it is about actual value.

It is. Look at it this way, why will I collect your money, give you fixed deposit at 13% and use your money to buy treasury bill from the government at 20% when I can pool money from current account holders that I'm not paying interest and earn the entire 20% to myself.

Or I can just buy fx with it and make all the money to myself from devaluation.

If that was not the case, then I'll have to make people open accounts, give them loans they may end up not paying and suffer losses.

BlueRayDick:
Banking has evolved beyond what it used to be. The advent of FinTech's, modern microfinance banks and even new & existing commercial banks embracing IT solutions for banking services is why u don't see anybody coming to beg u to open account with them.

No, I disagree. It's because they are no longer reliant on getting new bank accounts as they used do.

I remember when it used to be a thing to celebrate bankers who bring in accounts with huge money to the bank. They will send a mail and copy all staff nationwide.

These days, they no longer do it.