₦airaland Forum

Elizkid:
A sector that's dying, commerical banks will soon become a thing of the past, necessitating a downsize in workforce.

A branch will only need 2-5 employees on average, and I look forward to it.

On the contrary, as the Nigerian economy grows, banks will only get bigger.
Growth in every large modern economy has been driven by or in tandem with growth in financial institutions especially in a capitalist one which Nigeria largely is.

Competition breeds innovation

OKOATA:
I don't know what you guys gain from this rubbish you always do. You are there in abject poverty and he's out there in Europe or the USA enjoying his life and having a good time. The woman will soon pass on and likely will all he has to the guy. The guy remarries and it's a win for him but your hate and badbelle won't let you pass one place.

That woman may still have 20yrs to go. You think there is no suffering in Europe too or that some people in Nigeria are not better off than their counterparts abroad?

Likely he gets his papers and divorces her

Sonnobax15:

Guyman wey don successfully escape from the grip of Nigerian bannies no know wetin God do for am....

What nonsense. You think this is escape?

I can assure you that once he's settled, he'd be back to Nigeria looking for a wife

ferfer:
A 'ridonkulous' amount of money.

Interesting that this is not the only thing being bequeathed to the next generation and the least concerning - personally I think there is something else.

For sure, these type of people will not complain about high property prices, after all the Bank of Mummy and Daddy is the home gift that keeps on giving.

Anyway you look at this, African immigrants need to band together and form strong communities that help each other whilst eschewing immediate gratification. The panacea for levelling this field and having an advantage is working smart and doubly hard.

True- fact is he who has is more likely to have more. Daddy and mummy made their wealth from property/stocks/business decades back. They have 2 kids who are well educated. They'd gift them thousands to get on the housing ladder in the 20's. Pikin wey get sense would build from there. Ultimately, parents would pass on and leave another chunk.

Many migrants on the other hand, come in and start paying rent. Hehe. We can only work hard+smart and push for the society to remain meritorious (and affirm certain adversities) while at it plus effective taxation to help redistribute wealth. Also, not to shy away from wealth generating opportunities which manytimes could be in business, property or both.

ednut1:
some immigrants are looking for other countries to go. Some have accepted their fate to go back home and retire. We can now see that the whole immigration drive wasn’t solely done to solve labour shortages. It was to drive up demand/prices of real estate, services, education tuition and other consumption

Hehe. I remember a leader of one of the nations in the anglosphere (Australia I think) stating how they can't let house prices fall because alot of people's retirement depends on it. People keep asking for cheaper houses but I can assure you that any PM that lets house prices fall by say 20% in a widespread fashion will see an end to their reign due to wider reverberations. When you're a landlord, a bank, grocery outlet, have a land bank e.t.c. more people is good news to your ear. Especially if gdp per capita i.e average wealth per head rises or remains stable (which so far it has done).
Canada gives out circa 400k PR invites per year. Add dependents and growth from other sources, thats well over 1% growth in population per year- majority of which are working age adults. Imagine the consumption and wealth created yearly. Financial independence could be finding where that wealth is generated and get plugged. Not only that, many of those people come with money from their host nations. I know a few who moved to Can in the last year and subsequently sold their houses in the UK - taking the money with them to invest in Canada
Reason why I don't get it when migrants are denigrated. They are seeking the best for themselves. It's those who let them in or drive policy that should be questioned

All said, the hustle continues- If Canada no work well or other places work better, people will activate japa 2.0. Also, going back home to retire can be a good thing. At a point in life, we begin to ask ourselves what the essence of life is. 150yrs from now, we'd all be gone and forgotten. We should cherish the moment and live life to it's fullest. IKnow many Brits who pack up and retire to Spain or have second houses there. This life no be by suffer.

In other news, my prayers for this 14yo British lad who now is receiving court-sanctioned straightening and cultural enlightenment in Ghana currently.

Not a fan of such moves... but sometimes.. it's necessary. I wonder if the parents would have been forced to bring thier kid back should the Judge had ruled against them.

https://www.bbc.co.uk/news/articles/cdryre7y4n0o

OgbeniOptional:
How is that racist boss? What do we call what Kemi said?

In typical British speak, manytimes it's not what is said that matters, but what is not said.

What he was saying was that we who were born westerners are not chorusing about western salvation, it's you who came as a visitor that's more interested in saving us. I.e being more Catholic than the Pope. Going ahead to insinuate she was being hypocritical and only doing it to remain relevant. That jab wouldn't have hit if it was Nigel in question- folks might even acuse Keir of not taking the concerns of average British people seriously.

I wouldn't say he was racist but I can see the angle - some might insinuate that he meant she wasn't western enough to drive such narrative.

I've seen Nigel do similar with James Cleverly on a Reform campaign speech - he was basically asking where he got that name from i.e the name was too English sounding for someone of Mr Cleverlys look. Even the audience were taken aback only for Nigel to then say he was joking.

mizGene:
Wowza! I'm one of those "most". I've never seen any option for this in Moneybox.

When searching I believe I came across a S&S LISA option from Moneybox only that you can't switch if you already have a cash ISA with them. I also did not think the options in their S&S LISA were quite robust as I wanted a global low cost fvnd. Their fees were relatively high too. Money-saving-expert has a page on LISAs

Another thing to note especially if you're saving more than 4k per year i.e above LISA treshold is that regular cash or S&S ISAs have flexible offerings meaning you can withdraw money and pay it back in same year without it affecting your allowance. Foe example, say you have 30k contributed across tax years in a Cash ISA, you can withdraw that money for a home purchase (or any reason), afterwards could still put back 30k in that same tax year (and retain its tax free status) if your provider is flexible. This is not possible with LISAs - you'd have to wait for the next tax year to start afresh

Goodenoch:
Indeed.

I'm particularly interested in what she herself contributed to the UK during the years she was languishing(/s) in highbrow Lagos before she discovered that she was entitled to British citizenship, since she believes people ought to do a lot more to earn citizenship.

Was she working and paying taxes remotely, perhaps?

Hehe... In her words, 'we don't want these people coming into our country'. She does appear like someone who loves being argumentative for the sake of being argumentative. We sabi them.

It was an under the belt blow from Keir though. Classic British insult -saying what you mean in an obvious but non commital way.

I continue to wish her well

@justwise, always wondered why the NL spambot is set to be so hyperactive.
It picks up on most post containing the work st*cks (or similar) and automatically hides the post + bans the poster.
Got caught despite trying to evade its net

ferfer:
https://www.msn.com/en-ca/news/canada/a-trillion-dollar-tsunami-canadians-grapple-with-unprecedented-wealth-transfer/ar-AA1znZnq?ocid=winp2fptaskbarhover&cvid=705ecb66a31940c9b687aea49c8573cb&ei=11

Hmmm

Interesting... lots of money would be passed down - most tied up in property. Call it first mover advantage but I don't see recipients complaining about high property prices when they have a large house bequeathed to them.

This almost locks out current migrants and means they have to work doubly hard to attain same standing. Also, if adequate taxation isnt in place, it can entrench inequality.

Goodenoch:
https://uk.news.yahoo.com/starmer-accuses-badenoch-desperate-search-123457910.html

The brave, straight-talking Kemi Badenoch had another catastrophe at PMQs today, and ended up complaining to daddy the Speaker about Starmer being patronizing when he dismissed her flimsy questions (even the Spectator said they were ineffective) as 'a desperate search for relevance' from someone who had 'cast herself as the saviour of western civilisation.'

You'd almost feel sorry for her...until you remember how she reffered to care workers as butt wipers.

It looks like her real value lies in her ability to provide entertainment, and she's doing well at that, to be fair.

Hehe. In her struggle for relevance, she has struggled to latch on to real issues and sounds hypocritical or rather pathetic when she speaks on certain issues.
She should start by telling what contribution she or her parents made to the UK before she was granted British citizenship. Nigel has hardly given her much thought- if she's still there at the next election, she'd make good punchlines for him.

mizGene:
Are there options for choosing what your LISA is invested in? I thought it was just cash by default.

Yes there are. Most go cash as they are unaware or feel the 25% rebate is all there is to LISAs

Lolli2pop:
Thank you so much jedisco and everyone else that commented l… i am sorry for a late response i have been quite busy.

From my understanding of what you said jedisco, your most prefered is life time ISA (stock and shares not the cash one). Please why would u prefer the lisa stock and shares to the cash one that the government gives 25% on in each tax year.

Also is the lisa st0ck and shares not more risky as isnt st0ck nd shared like f0rex where you can loose money?? Also i dont think the govt gives 25% on the st0ck and shares lisa right??

Please forgive me if i have used any wrong terminology, i am completely new to this world of investing and i will be glad if yu can clarify my confusions.

Also @lexusgs i am hoping to do a ling term investment, from my research i have seen long term investment pays better.

A good starting point is understanding what ISAs are. ISAs is the umbrella term for your tax free saving allowance of 20k. Its like a tree which then has different subdivisions such as LISA, S&S ISA, Cash ISA e.t.c. I've found this site useful in explaining the whole concept : https://www.moneysavingexpert.com/savings/isa-guide-savings-without-tax/

Now to LISAs - Its a seperate bucket under your ISA where the government tops up your contribution by 25% but this can only be used penalty-free for 2 purposes: buying your first home or at retirement. There is also an exemption if one is terminally ill. Also worth noting that you can't currently use it to buy a house that costs more than 450k - something to consider as you're in London.


First is to decide if you want to save for your home in a LISA or normal ISA or both. To many, filling a LISA first is preferable as you get the 25% rebate. With the money (your deposit + govt rebate) now in a LISA, you then decide what you want to do with it. Do you leave it in cash and get 1- 4% per annum without the risk of loosing money or do you invest it in S&S with potential for much higher returns but risk of losing some capital. If investing, the next question is do you buy individual companies (st0cks) or do you buy a basket comparising a large amount of companies (i.e fvnds). Fvnds which are my preference, if well chosen are cheaper, little hassle and historically return 7-10% pa. There's the risk you may lose some money when investing but if you your time frame is long enough (3-5 yrs and above), you would likely come out much better when invested properly. The risk is actually holding cash. Remember guaranteed interest on cash would struggle to match inflation and is unlikely to keep up with house prices.
When deciding on whether to go with solo st0cks or buy a collection, I've found this short video series quite good in explaining the concept.

https://www.youtube.com/watch?v=gM4KEJQ_Z5U

I'd give an example (pictured)- after buying my place, I decided to continue investing in my LISA for retirement purposes. This time I went with S&S against cash. Its maxed out for the financial year and invested for under 8 months in the named fvnd. Returns so far (aside government rebate) is over 9%. Granted the last 2 years have been exceptionally good for markets but it'd take 3 years for same amount in cash to bring same return if the interest rate was 3%. I say 3% cos though you might get higher now, rates are likely to fall as BOE drops rates. Interest rates on cash were 1% is not too long ago. While saving for my place, I used a cash ISA+ LISA but with what I know now, I'd save in S&S if I'm doing it again.
Thesame concept largely also applies to how pension investments are made. Just like ISAs, they are all called tax-free wrappers. It's what you do with money inside the wrapper that matters.

Voltron007:
I say let me use google map and search for Nigerian restaurant near me since I’m in a new town. The first suggestion I got was “Suya spot”, 3km from me. Na so I rush go there. From the reception I should have known it’s a scam. The attendant was Ghanaian while her assistant - a Cameroonian.

Na so I ordered egusi soup and pounded yam. Cut long story short, I had to trash the food. Na so $37 take waste.

Ghanaians will be using Nigerian names to attract customers only to end up selling crap.

Hehe... business idea for you?

The Nigerian diaspora would only grow

Afolavid:
Thank you to everyone that contributed to the discussion. I reached out to a friend regarding the issue and during the convo, a thought came into my head, to send her a document that shows I'm being asked to leave Canada and I need the money to book flight etc... This is supposed to be the last line of action before I involve the parents tomorrow and so on. I sent in a WP application which was refused and told her I've been asked to leave, after backs and forth, it worked. She sent the money!!! Thank you

Lol... out of curiosity.. how much u give am?

A president commissioning a rehabilitated section of a road that has claimed many lives?

We need to grow past this and start demanding elected officials do what they were elected to.

What else was he going to say?
Or is he expected to say anything different?

Kenneth4u205:
Foolish man . Nigeria concrete is different from abroad concrete. Your dangote cement will only last 1 year

So what is the difference?

Hope you realise that concrete has been in use for hundreds of years right?

FreakyNasty642:
Thanks for the response. I already did extensive search via gov.uk before asking but just wanted 2nd, 3rd opinions on someone who's done it b4 to be sure. 👍

Just to add, if something is stated clearly on the gov.uk site, then that's the dependable version. Asking multiple people would mean everyone adding their personal nuance which results in confusion.

ferfer:
Yes, they are definitely right-leaning - not a fan and will probably never be one.

Their solution for improving the fortunes of the African-American (AA) community sound simple - stay married and get a job. But a closer look reveals they may actually have a point as shown by the screen shot below. The married AA family is closest in terms of earning to the 'folks at the top of the pyramid'.

These are labor earning stats so there is sufficient reason to believe they are valid. The limitations of this data include how old it is (2016) and generalizability/extent to which it can be applied to other A communities.

Interesting.

https://www.stlouisfed.org/publications/regional-economist/second-quarter-2019/earnings-gap-marital-status-race-gender

It doesn't surprise. One of their points was that once one accounts for married families and college education, earning between whites and AAs equalise.

A more traditional approach to raising a family should suit them better. It's also a strong factor in many relatively successful ethnic communities

Kenn55:
Besides, while I understand the point he is trying to make which is reasonable, he is making it in a wrong way cos the Indians are not our allies, don't give a damn about blacks and are not united themselves so i don't see any reason to bring your own people tribal fault lines just to defend them....

What I dont understand is why we are even seeking 'allies' among them hence getting disappointed when we dont think they are returning our favours. Many Nigerians would even (unwisely) say they avoid fellow Nigerians in the diaspora - then why cozy up to Indians? I try to approach every human with similar suspicion.

I've let the matter be as the point has been made and it was deteriorating into the proverbial fight with a ....

RodgersAkpafu:
NIUK is filled....

I dont even know what group you are referring to. Perhaps your unsavoury words are cos you didn't find room to fertilse hate there
I am talking about the Nigerians in UK thread on Nairaland. Do come and 'warn' us about them - afterall there are over 1.8 million folks of Indian heritage in the UK.

Is this what would power the whole of Ogun?
30MW.
Some reporters are disgusting

What rubbish reporting!
Sometimes it seems some media house reporters are on the payroll of foreign powers.

Where does it state they are probing the recipients of funds? The article only states 'mechanisms were in place'
Question is: where did those funds end up - which is what they are yet to answer

Atk1nson:
Who would have thought an immigrants with a knack for culture wars was only demarketing herself.

Thankfully she indentifies as a "strongly integrated british" citizen.

If I ever want to vote a hard right, I will simply vote reform. Why would people vote a reform-wannabe, when reform is there.

Hehe...

The issue here is why would the average right-leaning Brit vote for Kemi over Nigel?

We already know the current Labour government would have a stronger 'grasp' on migration than Boris et al had. So she can't really campaign on cutting migration given that Labour would be quick to remind her of their last result. Starmer also appears calculated and is unlikely to have too many slip-ups (usual caveats).

She's tried to build trust among traditional Tory voters by giving vibes of 'I'm not like these other migrants' which as expected, hasn't stuck. Doesn't help that her way of reminding folks of her Nigerian roots has been by demarketing the nation (and herself in reverse).
Her anchor baby situation would always be in the news especially with Trump seeking to end birthright citizenship. Nigel would soon be quick to remind her that her much castigated carers would contribute far more to the British society by the time they are citizens than many anchor freeloaders like her did.

I wish her the best.

justwise:
[/b]

Really jedisco? Is this really who you are? I never knew that you are a bigot, so why do we come down gun blazing on the issue of racism in the UK if this is your views about the Igbos?

To say that i'm shocked reading this from you is an understatement, i'm so disappointed in you and you have to be shamed of the character you displayed here.

I have zero respect for anybody that expresses such view about another tribe

Hehe.. continue reading and see the trend of my post before you jump into conclusions. Sometimes, the best way to explain to explain racial discrimination is by giving someone a mirror

All those were words I have read and heard stated to me as an Igbo person. Being Igbo and having a good track record of fighting hate on NL, I was willing to expouse things that way. Oddly, I didn't even know of RodgersAkpafu's ethnicity when I posted that. All I knew is that he would claim to shy away from local tribalism now he's abroad while still using thesame tribalistic mindset to approach others. It would have been 'enlightening' to see him argue against tribalism while looking for excuses to promote hate against others. The only downside is that conversation forced me to mention my ethnicity which is something I shied away from doing in all these years

I am 100% against and triggered by hate and racial discrimination whether its Indians, Pakistanis, SA e.t.c.

In thesame way I did not tolerate Igbophobia on when I lived in Nigeria or on NL - I would not tolerate senseless hate against Indians because its a different group involved.

RodgersAkpafu:
Wetin concern pajeet matter and "how do I make myself better"?

Again, aside hating others it does not surprise that you are unable to string a coherent entence on how you as a peron or we as a community can improve ourselves. Thats always my litmus test for people like you. You see why I said you think like an almajiri?

You are a Nigerian in the UK but too cowardly to post or 'spread your warnings' on the NIUK thread as you know you'd be put in place by fellow Nigerians who are not bottom feeders. Rather, it's on the Canadian thread you think you've found like minds you can think low with.


Nwanne, my advise to you is simple, if you do not get on your feet, work hard and improve yourself, you would continue to languish at the bottom of the food chain. Today, you'd blame Indians for not geting work as a security guard, tomorrow, you'd blame them for waiting for charity food at a soup kitchen.
BTW, the speed of your responses make me wonder how much time you spend online. Why not use some of that time to improve yourself?

ferfer:

https://www.youtube.com/watch?v=hIiyIEyUxu8&ab_channel=HooverInstitution


What is your take on the opinions expressed in this video?

Nice... though it is right leaning and would have wanted contrasting opinions included (in a non-adversorial) manner, I love the clear message. They are obviously introspective and focused on making their community better. I love how the focus of the conversation tilted towards that from about 22 mins. No blame games- just improve.

Interesting fact is how an increasing proprietary of frican Americans have voted Trump ober the years. From 8 to 12 to 20%. Interesting

RodgersAkpafu:
As per your first paragraph, the answer to the "we" was very simple: It's we Igbo ppl.
We have REJECTED second class citizen status in Nigeria. If that's how others feel about us, its their fundamental human right to feel that way lol.
Yotuba people will say "ko kan aye"
I don't feel hurt in anyways for the perception some low life almajiri beggar has of my ethnic group, he should worry about getting fed first lol
Or the agbero somewhere in Lagos drinking "paraga" with two half witted baby mothers and destitute kids. He should check his kidneys

So you're saying the fact you reject a stereotype is what matters and you're not worried about what someone else thinks? Does this bar only apply to certain groups?


You've spent the last 10 pages being obsessed with and 'warning' us about Indians even blaming them for being unable to secure a job as a security guard. You were them jubilating in the hope that Trump would target them to make you and your overlords on Twitter happy. I had to explain how the world works. What you fail to understand is that your thinking process is same as that almajiri e.tc who has been told to blame Igbos for all his problems believing that by killing them, some good would come to him. Soon enough, you'd blame them for not being able to maintain a functioning manhood.

I've seen people like you plenty and know how they think. Your double concorted replies reminds me of one particular ahiboilandgas ( https://www.nairaland.com/ahiboilandgas/posts ) and his closet supporter emmanuelwumi on the Treasury bills thread. Both seemed a bit knowledgeable but Ahib was as obsessed with his Igbophobia as you are with hating Indians. Read though his posts and replace 'Igbo' with 'India' and I'm sure you'd have found a best friend. I tried in multiple ways to explain to him that Igbos were not the source of his problems but as expected with hate-filled souls like you, he was having none of that. I later chased him off nairaland as hate got the better of him.


All said, the question that matters is simple

1. How do you plan on making yourself better?

2. As an aside, are you still hoping Trump helps you fight Indians?

Maria96:
https://nationalpost.com/news/ontario-trucker-cocaine-2
Another one.

Are you posting this as a 'gotcha' moment?

The quality of some discussions here are appalling. It's no wonder you see Indians in your dream. Your focus should be on how to improve yourself. Ask yourself- how do I improve my fortune?

Whether today or 20 yrs in the future, there would be rouge truck drivers. That Indians are plentiful in the sector stands to mean a significant percentage of rouge drivers would be of Indian heritage- its common sense.
The question becomes are they overrepresented? And irrespective of whether they are overrepresented or not, the most important thing is how is crime reduced in the sector and other sectors without resulting to racial profiling

jedisco:
I have heard on Nairaland and Twitter how they are the problem with Nigeria- how they killed 'good' Nigerian leaders in a coup, how they only sell fake goods, how they only do drugs, how they only engage in pr0stitvtion, how landlords don't want to rent to them, how 'shinedu' should never be allowed to aspire for any political position outside the East, how they are the ones supplying bokoharam drugs and guns, how they only cheat in exams, how the north got tired of them resulting in many riots over time where thousands of them were killed, how anyone of them who is rich is usually engaged in fraud, how any of them should never be allowed to be the Nigerian president, how violence should be meted out to any who dares come out to vote outside their region. Infact some have advocated or gone on to kill when a wanted political candidate didn't win. Even the wife if the current president had something negative to say about them

Igbos have been receiving it heavily on Twitter - if you have not experienced their attitude, then its either you are one of them or have not met them.

This was my initial post. Oddly most of these are common statements I've heard in person. The worst was meeting a well-schooled engineer and soon in went on a rant on how an igbo person can never be Nigerias president

Living in northern Nigeria, I witnessed lots of ethnic killings and spent ages trying to convince some bigoted fellows that the Igbo trader, doctor, corper e.tc was not the cause of their misfortune. Remember working in the north during the 2015 elections and had colleagues make veiled threats at me cos I said PMB might not be the majic bullet we all need. Many, even a sitting governor blamed Igbos for bokoharam believing they were the cause of all their problems. It was an obsession. It was impossible to convinve a child beggar that if all Igbo people left the north, he'd be worse off. Sadly I have witnessed thesame myopic thinking in every part of Nigeria.

On a Nigerians in Canada group, we've spent more than 10 pages arguing about Indians- It's thesame obsession I saw in Nigeria. I can only wonder what a neutral stumbling on this page would think of us. But just like the northern street beggar, some could go on blaming Indians for everything, but its worth looking in the mirror and remembering that they are not the cause of our problem and if we don't put in the work, we'd continue to scrape the bottom. Not surprising that when those doing the blaming are asked how we as a group improve our fortunes, they can't string a coherent response.

And for those wondering, I specifically highlighted rampant bigoted views about Igbos because I am Igbo