₦airaland Forum

Progressivegee:
...In a couple of years, they would have earned transferable skills for other roles outside care or would have grown in their profession ...

In a way, you, @hustla and @lexus are all eluding to same thing.. Just via a different lens

Taal17:
Well said.
Left to me care jobs should be for those who have the capacity and empathy for it.
I can't even imagine having to need support or loved one needing support and then the care worker is one who thinks so badly of it.
It's like being left to your fate with a doctor that is just in it ONLY for the money..that's how coverups and mismanagement and death can happen.
, people you care would do these things themselves if they could butt hey can't.

Hehe... capacity, passion and empathy. That can be said if any role including okada drivers back home. I want my okada driver to have passion for riding okada.

You want people who think highly of it but want to pay minimum wage? hehe..

There are 150k care vacancies at same time about 150k additional people go on longterm sick leave every month many collecting benefits that on their own could rival minimum wage while some still work cash in hand...

The irony dey shock me.

toughest007:
Many immigrants believe that when the ladies here smile, flirt and drink with them, all is set for them to dive in! Many make these assumptions out of ignorance, many get away with it and a few get caught up and we hear about it.

The other day, somewhere in the North, this guy was caught visiting an underage girl... Actually dressed up and travelled a long distance to hangout with this girl. Same assumption, they say hello, smile, flirt and gbam, they interpret it as 'the girl is into me'...

I avoid the ladies here like a plague. The juniors I mentor in the office, I keep them at bay, with many boundaries set! Any small thing the team/group will arrange drinks, kilode?

Speak for yourself. A paedophile in Nigeria would be a paedophile in any part

Don't learn to mix and understand your new environment. Keep avoiding and living in a cocoon. Na the kind of una dey shame me when they finally are forced out e.g for a work dinner and they start looking at the menu like it was written in Arabic or using cutlery like a crippled fellow.

justwise:
I know at least one Nigerian who does care work, two houses, one mortgage free and drives 2023 E-car.

She is a masters degree holder from this country.

Hmm...probably working as an independent contractor and might now be involved in COS racketeering.. sorry issuance. Care has it's pros when done rightly

tushqueen:
Are you sure about this, any link or policy to read?

It's long established and hasn't changed to the best of my memory

You could check the rules for 'taking on additional work' for those on skilled visa. If it's not clear, then could call/email UKVI.

Thewritingnerd:
The problem is cos in Nigeria nobody gives two hoots about rape cases or consent PLUS they know that “nothing will happen”.

Speak about consent to most young men in Nigeria and watch them laugh in your face and say “boya make you sef no start wetin you can’t finish”. That ill-behavior is why you’ll see people giving back-handed advice when they’re immigrating. Only then will they suddenly know what consent and rape is. But I guess this young man’s depravity must be beyond measure to not even think of the consequences of his acts in a a country he’s an immigrant in. Only God knows how many he has done back home and not even a complaint was lodged because “nothing will happen”.

We should be careful not to reflect the ill of one person against a group moreso when the evidence doesn't point to that.

Stereotypes against blacks moreso immigrants are well established. Oddly, I just stumbled upon an expose by Sky that showed the profile of a white lady was almost 40% likely to get a positive reponse while house hunting compared to a profile by a black lady even though all other variables were theame. If you ask the racist landlords, they'd point to a newspaper article to satisfy their stereotypes that black women are ...

Nigeria like every nation has its problems which should be addressed. Regarding rape, there is a significantly more worrisome rape issue in India, Pakistan and many Asian or Arab nations but we don’t go about seeing every Indian man as a potential rapist that needs to be constantly reminded of its repercussions so he doesn't go rouge.

A single person did wrong- he had been jailed. Reasonably so. That he is black/Nigerian does not reflect on us all.

Congrats to her. Worth of emulation

Tier4Dependant:
So I reached out to my HR and this is the reply, however I have been advised that I double check with the home office and I will do that.

I also know for a fact that my trust provides our bank shifts. I know some Trusts uses agency like NHSP etc to run their bank but ours is not the case.

Thanks for your input once again.

This is long well established.

Extra work done with your employer does not count towards your 20hr limit.

Birdbyrde440:
Every day I'm baffled by the method of the of our so called "PhD having" eites in this country.
I wish there was a way I could help this country and stir it to the right path and ensure prosperity for all.
Its really very simple albeit a bit complicated.

In every event, there must be winners and losers, Tinubu should leave currency speculators alone they were wise enough to buy USD at the right time due to their foresight ability so it is only right to let them reap the benefit of their labour.

South Korea is the 4th largest economy in Asia but its exchange rate is worse than Nigeria's as long as you maintain the value of your currency in your country, ensure open, fair and transparent monetary policies then you will gain currency stability.

But it seems our country is under the control of some foreign powers that is incharge of piloting the economy and currency affairs.

In your drive to be make it political, you contradict yourself.

The actual rate doesn't matter much but stability does.

Attached is the exchange rate of the WON to USD for over 20yrs. As you can see
1. It's averaged between 1000 and 1500
2. It's in constant flux i.e not arbitrary fixed.

That's the stability and efficiency investors need

Within the last 4 weeks, the exchange rate has gone from 1k to 1.3k down to 1k and now 1.1k. That's movement of over 10% in a few days. Foreign investors don't want that uncertainty.

Lexusgs430:
It simply serves as a warning to all of us ..... Not to fall prey.......

Not to belabour this, but anyone who is forcing himself on a lady in the manner described doesn't need a warning.

There is a difference between pointing out fall points in a system and making it look like every Nigerian male has a tendency towards rape and hence should be bridled. Conversely, the average newish immigrant can appear so timid that they don't even take a stand when their rights are being trampled on.

Thousands of Brits comit crime all over the world. Their media doesn't use their punishment as a recurring flyer to teach other Brits good morals.

Lexusgs430:
Another one of us or is it one of them ........🤣

Came on a student visa in Jan 2023 ...... Raped within a few months (I bet he would have raped over 20 innocent ladies in Nigeria)........


https://southyorks.police.uk/find-out/news-and-appeals/2023/november-2023/man-jailed-after-raping-a-woman/

Is it just me but I don't get the drive on NL to maximise any criminal activity carried out by a Nigerian abroad and subconsciously reflect it on us all.

At least 50,000 Nigerians arrived the UK over the last year. It goes without saying that some would have untoward tendencies just like any group in any part of the world. Are sexual offences overepresented in our group here? I don't think so. I work in a county which is over 95% white British and there are many incidents of sexual harassment and rape which are rightly punished when caught but I don't see how that is a British thing.

The average African/Nigerian male is a recipient of many unfair stereotypes. We fanning those stereotypes does us no favours.

koolaid87:
I dont think so.

The most submissive women that have been tested are Asians and Latinos. They've been exposed to the western culture, yet, many stood to their values and morals. Most of their women are also feminine. Nigerian women have not passed through those test yet, by that, I mean living in a western country and acting right despite the laws on their sides.

So why are Nigerian men not marrying those submissive Asian and Latinos?

luminouz:
I have proven you wrong. Go hång yourself.

Your anger says it all... Mr submissive woman

Mindlog:
The same UK immigration officers whey me and my family pass through at the airport?

Whoever told you that is bloody lying.

Hehe... u dey mid am...
People wey never see airport dishing advice

Metrofox:
Oh this is not a comparison of cultures? I was thinking your point is that only Nigerian men demand submissive women globally

Men from 'conservative cultures' do..
But for the average Nigerian man moreso a new immigrant to the west, your best bet of a 'submissive woman' is a fellow Nigerian woman

Mindlog:
Why did the pharmacist not marry any of the women that live in the US, who he would not have to waste money and time to bring over from Nigeria?

Pharmacist is looking for a submissive lady

Metrofox:
Oh really? I wonder what the Arabs, Indian and Chinese cultures think of that

Like I said, the privileges you enjoy her would not be replicated anywhere.

How many Nigerians are in Arab, or East Asian nations married to 'submissive' Arab or Chinese ladies?

luminouz:
Lies. A South African and a Tanzanian babe changed that outlook for me. Don't get me started on Eastern Europeans. They have some of the best ladies out there. I will admit I have dated good naija girls because I screen thoroughly but saying not one submissive girl dey outside naija, that means NA YOU NEVER STEP OUTSIDE AIRPORT!!!

Why not marry the many South Africans, Tanzanian or Eastern Europeans Mr Screener?

The fact you're so hung on 'submission' says alot. That would even be considered offensive in many parts.

Don't worry, there are many Chadian and Congolese ladies who are 100% submissive... go and marry

Couldntfigurean:
My uncle took a village girl to the USA as a wife
After staying for years,she made friends with some women who adviced that she divorced him,She sued the man for everything he had and worth,the man died homeless in the streets of America
She told the kids that they are Americans and never lets anybody near or contact the kids

Both families(hers and her husband’s) are waiting for her in Nigeria

They should keep waiting and not get on with their lives. The man could have suffered same fate irrespective of who he married. Divorce rate in most western nations is approaching 50%.

cathodekazim:
The truth is the western culture is already influencing Nigerian women even here in Nigeria. The new generation of women and mothers we have are not even 10 percent submissive. Now imagine these ladies finding themselves in a country that gives women too much power. It'll surely be abused and this is more reason why Nigeria men who took their wives abroad kept regretting such decision.

The western culture has influenced our culture for over 400 years. Same reason why you converse in English.

The most 'submissive' woman you'd encounter as a Nigerian man would be a Nigerian woman. If you still think that there is a string of 'submissive women' in other countries waiting to do your bid, then it shows you have not seen an airport.

Mindlog:
Another crap!


Same Uncle, who when he was a Masters student was always yabbing that marrying a Nigerian woman and bringing her over to the UK is suicide mission, is now developing cold feet getting into a serious relationship and marrying one from the millions of women from different parts of the world living in the UK.....there is always an excuse! Marry a Nigerian lady based here in the UK....NO, because they are too liberated and there would be "power struggle" in the marriage! Marry an Asian lady, he came up with excuses. Marry a lady from the Caribbean, he said those ones are streets. Oya, marry a Caucasian British whey go gree for you....brother man went mute!

Its the usual talk of insulting 'Nigerian ladies' until they leave the country and go in search of the submissive oyibo.

Keep saying it- the privilege our society bequeaths to Nigerian men would not be replicated in any part of the world.

Solumtoya:
All these NHS children... If you're like me that doesn't work in NHS, check your Employers, they might have some juicy offers like pension matching, schemes where you can get Stock Options by buying the Company shares at a discount using your pre-tax income, etc.

I will definitely do BTL sha, like jedisco said there's Asset Appreciation, Rental Yield and Leverage. Let's keep packing up chunks of the King's land. Diversification is key

Thinking about it is bonkers... the main advantage is that of leverage

The government ensures you get a cheap loan to buy a dividend yielding product. Thesame government also ensures that by its policies (building constraints, migration, help-to-buy, mortgage guarantee e.t.c), the price of the underlying asset rises with time. It's an ever-yielding fruit as once the house price has risen well enough + built equity, you return to the bank to borrow fresh money on the value of your house to rinse and repeat. Reason how many portfolio landlords started with a small sum.

I can't find any other example in general consumer finance. Imagine same occurring with stocks

Peerielass:
Yes, higher and additional rate tax payers could get up to 25% but majority of basic rate taxpayers will only get 20% on SIPP.

Isn't it 20% rebate (i.e top-up the SIPP provider applies for) for all initially. Then higher rate tax payers can now claim the remaining 20% on the returns.
I.e. 40% tax relief it it's all within the higher rate band- similar to salary sacrifice

ukay2:
For me, l continue with my

-Stocks and Shares ISA for dividend stocks and growth stocks,

-LISA to receive 25% of my contributions till govt stops contributing their own at age 50 (15yrs to go) and

-my NHS pension contributions till retirement.


I don't have headaches for BTL for now.

NHS pension is a good diversity bridge as it's a defined benefit schemme and tracks inflation. But it doesn't preclude one from a SIPP as you'd stil get the government rebate.

Your ISA (LISA, S&S) would be invested in the stock market plus the additional risks of picking individual stocks.

My looking into BTL is that it can be used as an outlet to diversify. But when compared to a stressfree global cap, is it really worth it?

Lexusgs430:
Before you start considering BTL, you need to fully understand the implications of nasty tenants, almost sending you to an early grave.......

If a S8 or S21 is issued, it could take you the better part 6-9 month's to get your property back (all the while, the tenant would be living rent free)......

Ensure you have access to about 5-9 month's cover, to bridge void periods.....

Government legislation is also hammering the BTL industry (ensure you're up-to-date with all implications) (for now and future).......

SIPP/ISA - With a SIPP, you cannot remove fund's, till you reach retirement age (the advantage of SIPP accounts), is HMRC credits you 25% of monies deposited.....

Property vs SIPP/ISA - Why not dip your toes in all ......🤣😂 (subject to affordability)........😁🔥

Hehe.. in an ideal world, one would want to maximise all - in a real world, there's the opportunity cost. The way I see it,

SIPP (max per yr 60k across board)- for retirement - good stuff is the government tax rebate for those contributing personally. If via a ltd co, reduces corp tax as its an expenditure.
ISA (max 20k): tax free and flexible - could be a bridge for early retirement or used to save funds for other things.
BTL: 45 - 70k initially (in most parts) if looking at a modest 3 bed with 25% deposit.

SIPP and ISA would for most be invested in same things hence the worry i.e diversification.

The op seems to have made good success of BTL contrary to the current predominant notion that BTL is 'dead' and small landlords are selling. Maybe cos he started early and had good tenants. With the new legislation plus rising entitlement of the average Brit, I can see how periods of non-payment can be a grave concern.

The public and politicians have set their eyes on landlords and just like Brexit, they wouldn't stop going until something breaks.

From little maths, a non-flat dwelling should average upto 3% (or more) increase in asset price per annum. Hence benefits would be asset appreciation, rental yield, leverage (both when buying and later remortgaging)

Cost wise - additional stamp duty surcharge, conveyancing e.t.c, repairs, LTD co fees, estate finder and mgt fee, insurance (building and void).

Currently my sipp and isa are in similar funds and would just keep it that way- when one gets a clearer insight of the BTL market.

Ralphlauren:
My first ever purchase was an apartment. Maybe one of the best £12,500 investment I have ever made in my life. Like you, I didnt want to wait any longer by saving for a larger depoait for a house whilst still renting.

..

Good experience..

I've been giving much thought to BTLs lately thru the Ltd co route. While I understand they are not as profitable as before, I wonder how they'd compare going forward against stress free and more tax efficient instruments such as global funds in SIPPs/ISAs in the longterm. Many now advise against BTL but I wonder if it's just the usual British moaning.

The main advantage of BTL I gather is that of leverage which you don't have with a SIPP/ISA. This leverage is more amplified in a rising market but I wonder if the next 2 decades would see same asset growth as the last.

From research, the sweet spot seems to be 2 or 3 bed for full home lets. The rental yield where I live averages between 4.5 - 5.5 %.

Two questions...

How would you factor in the additional stamp duty cost, void periods, chance of unruly tenants, repairs, estate fees and tax liability into your profit?

If you keep a SIPP/ISA, in your experience, how does a BTL compare yield wise

Interesting how quickly this thread has picked up. A testament to our increasing presense... Good stuff

maishai:
My dear Africa as a whole have to find a way to enforce accountability, the amount of money that is not accounted for in our system on a daily basis is humongous..... If you have done one form of business or the other you would be able to attest to this, even high brow areas like banana island, burdillon and maitama, we have sophisticated agberos with PhDs terrorising citizens and extorting monies in the name of taxes dat never gets to the coffers of government

While most of what you list is factual, we could list over 500 problems of investing in Nigeria and still not be done. Same with most nations at different times.

Point is progress has to start from somewhere. If OBJ was able to fashion it out despite even more challenges, it means it can be done. Subsequent governments should build from that.

EngrKemp:
Pls which reputable institutions do u suggest and what types of investment.
Note: I need the one for monthly roi and the percentage is?

Off the top of my head, I know First Bank, Stanbic, AXA and GT have theirs or affiliated entities. The major financial houses would typically have one as its a way of leveraging investors funds for more profit. You'd need to have a look at them individually.

Protection wise, each would have a fact sheet worth reading thru to see whats protected and to what extent. Also how often profits are disbursed. Last I checked - aside being SEC registered, it largely boils down to the trust in the manager/custodian.

Not invested in one as it doesn't suit my strategy.

Nakedman:
And First Bank was offering me 9% for 350days Treasury Bill on Monday. Thank God i Walked out on them.

It should filter into TBs soon.
Again, the issue with fighting inflation mainly by increasing rates in Nigeria is that it doesn't work as we are cash based with little credit hence it hardly has the impact on the common man we see elsewhere. It then opens the government to mounting local debt which they'd simply print more money to offset thereby causing more inflation.

chuksbobby12:
Nigerians and their low mentality , you have 35 million naira and you use it to do visa to another man's country to do petty and dirty jobs.. I mean 20 to 30 million naira. That's so foolishi , you can start a small firm , agriculture , real estate , poultry , fashion school , agro processing plant etc, there are thousands of things i can do with it and be successful . People run away from Nigeria because we are not producing anything , there are no jobs, we only import in the morning , afternoon and night , import import import . Running away with such amount of money is wickedness , use it and start something in Nigeria and employ 2 workers . If the multitude in embassies trying to japa can each , use the funds to establish small scale enterprises and employ one or two workers , the unemployment level in Nigeria will reduce .

When you have 30 million, you'd understand better.

Life is in stages

pansophist:
If you have 20M, you can actually study in Latvia for example, bring in your family, rent a huge flat, have a Schengen residence permit that gives you entry to about 30 European Schengen countries, and have peace of mind. And oh, you can work there, start a company, and play until permanent residency.

Nigerians, why only the UK? There are other countries out there that will not stress your life. You just have to start somewhere. Lots of Nigerians I have met in these places, will only visit the UK, and go back to maybe Poland.

If you are flexible with learning a new language, then life will be easy for you. I have visited the UK a lot, and surprisingly, I see more wretched Africans there than other small EU countries that most Nigerians would skip.

Guys in Poland, Slovakia, Finland, and Latvia for example are living in huge houses, paying less and having less stress. The world is bigger than the UK.

I see your point but finally, the UK is popular for a reason. Once settled, not many places offer better opportunities.

Same thing people say abt Lagos... why are people in Lagos when they can go to Damaturu and 'enjoy'?