₦airaland Forum

Propaganda. The concreted sections are nice but many sections are still not done.

Over 50% of this is yet to be completed.

Goodenoch:
ISA, LISA, SIPP - All set for regular investments every month and auto-purchases of my selected ETF (just one across all three - I have given up trying to pick stocks (PLTR did me good last year but the seesaws aren't good for my emotional wellbeing lol).

I think dollar cost averaging is the best way to do it and not trying to time the market, which with Trump at the help of affairs; is infinitely more difficult to do now anyway.

Hehe... the rollercoaster of price swings with individual stocks reminds me of crypt0- high BP for nothing.
Index fvnds offer one good piece of mind. But it seems new tech coys want to feed fat on the index space and guaranteed purchase by launching directly into index fvnds at exceptionally high valuations. One can be sure that if this works, more listings would follow suit. This video by Ben Felix explains it further.

https://www.youtube.com/watch?v=iOyFja87uyw?si=nDzKGGiS34g_n78f

Haven't been able to get myself to invest large sums at once even though from verifiable data and personal experience, it beats DCAing. I still prefer to DCA over some months.

Lexusgs430:
Historically, how many times have the markets, never returned from a slump........ 😁

So far... zero. The question becomes how deep/long a slump can one stomach.

Human ingenuity would continue to blossom and the market would reflect this.
If not for anything, the advent of fiat money, guaranteed government printing and inflation ensures money flows to the market at least nominally.

Lexusgs430:
With direct debits long term investors.this swings would simply not affect our portfolios greatly.....

But imagine having a £3 million pot on standby, taking advantages of this swings..... A 20% upside is enough to buy you a Lamborghini Revuelto....... 🤣😂

Lol @Lamborghini Revuelto. Had to look it up. E be like say your eye don dey look big things.

Finally, it takes balls to sink large money in at once when the market is down. Markets would only fall for a reason and anytime it's down, majority of folks would call for even lower prices. In retrospect, it's always clear. Reason I saluted the chap who put £20k on 6th April last yr.

https://www.youtube.com/watch?v=7KOWN2E30cE?si=LTDyxbGv0ZwvjyTI

Interesting video... quite keen on property ownership among us
Do blacks in the UK really own zero housing wealth (net)?

Doesn't surprise how building wealth in other domains would be difficult when the basics are missing. The concerning part is how easy it is for the average person today to compound wealth and have themselves in good stand within a generation or two. This is also a benefit black households should enjoy.

Take a couple who have largely paid up their mortgage and now gifting their kid money for a house deposit in their early-mid 20's. That already sets that child on a pedestal they can compound from. That is my worry - that stats like this don't get worse.

Memorychip:
Trump's erraticness is now normalise and factored in the market. I personally do not see a very steep V but still expect a mild V once an agreement is signed with Iran

Fingers crossed.
I aim to keep DCAing though instruments available to me in Canada are different

justwise:
That is exactly the point, that narrative helped the clown in USA win presidential election and now certain section of the UK establishment wants to replicate the same here.

Quite typical. Give a dog a bad name to hang it.
It's same reason why we pay IHS today. A miniscule number of folks on visiting visa used the NHS for non-urgent care without paying the result after the resulting media fanfare was that a blanket tax was placed on all working (not visiting) migrants. This has since been turned to a revenue stream for the govt.


This driver was driving illegally outside the initial 12 month period. How many times does this happen and what are the percentages compared to the corresponding general populace? This driver may have been behind the wheels even if that ban was in place.
What if a foreign driver who passed commited such error - would the coroner advocate foreign drivers be subjected to stricter rules even after passing their test?


The coroner overstepped the boundary of the case seeking means to unduly infringe on allowances migrants enjoy. Being able to drive has been a life-saver for many families -many of whom limit their ride to short distances. This has existed for a long time and what evidence is there to infer that banning this group would make British roads significantly safer?
These are critical questions that should be asked before the right-wing narrative carries this on.

zoedew:
Critical thinking evaluates the truth or
Falsehood of a statement. Was Baba Achebe right or wrong about Ndigbo?🤔🤔🧐🧐

You cant come to that conclusion without fully evaluating what he said. Stop the rigmarole and post the full sentence and background upon which it was said.
You don't cherrypick to drive a dubious narrative.

With the new tax year, how are folks planning to utilise their tax-sheltered accounts?

I remember last year, someone filled his ISA on 6th April and bought a global fund. That was during Trumps tarrif market selloff- in a short period, he was well in the positive.

I thought about that this year as the markets were down due to Trumps Iran war. Would we have a v-shaped recovery again?
Well, if investing for the long-term, these small moves don't really matter and its said that if one has a lump sum, a one off buy beats piecemeal investing in majority of cases.

zoedew:
Humility listens and adjusts for acceptance. Take your choice and live with the consequences.

Typical. You don't cherrypick statements to suit your narrative. That's not critical thinking

zoedew:
Chinua Achebe a prominent Igbo and a global literary icon had this to say about The Igbo, his kith and kin -"There is no doubt at all that there is a strand in contemporary Igbo behaviour that can offend; by its noisy exhibitionism and disregard for humility and quietness."
THE WORDS OF OUR ELDERS ARE WORDS OF WISDOM. ONE IS IN THE HOPE THAT NDIGBO WILL LISTEN TO THE WORDS OF OUR ELDERS.🧐🧐🧐.

Why not complete his statement instead of picking what suits you?

OriOko88:
I understand their action
Without Colombus, USA will never have attained the greatness it has today.

Those indigenous Americans will never have brought greatness to USA,it would hv been like colombia or Mexico.

If Europeans are inhabitants of Nigeria, Nigeria would hv been a developed country since
Fact!!

Crap. Reeks of low esteem.
You fail to realise the genocide meted on indigenous communities in America, Canada, Australia or NZ.

If colonislism was a thing today, our resources would be used for the benefit of the coloniser.

Fact is until Nigerians stop thinking this way, we'd struggle to forge ahead which many non-caucasian nations are already doing.

HustlaOfLagos:
Did it .. got the data from the websites and asked Claude to put in a table. AU's website was doing segesege so I didnt wait for them

Interesting. It's quite clear where UK stands on the list. I hope others don't copy bad habits and excuse it saying 'afterall, its done elsewhere. Also, all these shenanigans combined with the 10yr route means exact folks the country wants to attract and keep end up not seeing the place as home but rather a stepping stone to elsewhere.

BTW, you didn't include Saudi Arabia. Hehehe

HustlaOfLagos:
I remember saying how crazy these fees are some time ago and they are increasing it again

It costs $645 CAD for citizenship application in Canada fgs, that's about £355 and minors are about £55. £3,200 for ILR is madness too when you consider a family of 4 and I know a family of 6

I think I will create a comparison table for UK, US, Canada, Australia & maybe Germany sef later in the day

Please do, it'd be worth having a look. I also gather the Australian PR pathway is more open now. The fact is that these fees are rather extortionate.

Two sectors I like comparing and contrasting between Canada and the UK are housing and migration. UK has commoditised migration first seeing it as an income generator before others. The process could be fast but its unduly expensive
In Canada, housing is also highly commoditised. A good chunk of the economy runs on it and they are building in hundreds of thousands. The whole process from viewing to completing a home purchase can be done in 4 weeks. In Canada, migration to the government is viewed differently. There is a consensus that migrants are needed. Question is how many and what skills. A visit visa to Canada would costs about 100CAD (£55) and could be issued for the duration of ones passport (i.e 10yrs). Processing times used to be longer but have now significantly improved.

Gentle reminder of the above-inflation fee increase across board. E no easy for Ezekiel.

BTW, the way bills are shooting up no be here. Water is now mid-120's, electricity >110. Council tax na 5% yearly increase on repeat. Most annoying is Gas. No more regular fixed tarrifs as most providers pulled these at the start of Trumps war on Iran. Gas prices should drop in April as this had already been pre-announced but after that period, na God hand we dey

Goke7:
😂 you don come again abeg let us enjoy our Tinubu visit in peace. At lease uk go benefit from our shithole is God not wonderful?

Shebi when Aunty kemi bash us again we will remind her how British companies and the economy are enjoying plethora of contracts from our country, please leave us o make we too help this uk economy Abi we do bad?

Funny how there is no mention of 'third world' e.t.c when Nigeria does this or an Indian coy offers to build a car battery plant in the UK.

HustlaOfLagos:
...and there lies the problem but it really is not their fault or their business how the money is used so far they get their own % back

If the loan is quickly obtained, I strongly believe it will be used towards re-election, 9ja way

There should be fudiciary duty on the lender to see within reasonable limits that large loans are used for the intended purpose especially when there's ample evidence of past misuse. This should definitely be the case for IMF and World Bank. A UK bank would not offer a mortgage if certain conditions are not met.

It's a tricky aspect as independence has to be balanced against the practical way of getting results.

Chinese loans have tried to adress this by making the host country commit to the project by funding part of it first. It also seems part of the money goes directly to companies or is released at set stage of work so it's not free cash that recipient nations spend at will. Also, Chinese companies are involved in the project. I don't wholly agree with this part but the end result is that these companies deliver as they know full well the repercussions of fritting away their governments money.
Overall, parts of the system could be improved upon but its one that does work to deliver quality projects even in challenging environments.

SpencerForbes:
Omo that oil is being followed by satellites. Except they’ll produce another illegally but you see this 140 million, USA knows wherever they’re going to dock or even how the payment would be made.

Are you thinking through what you are typing?

Hope you know some countries e.g China has been buying Iranian oil and paying them for a long while before this war broke out?

So you really think they'd let their oil be sold at a time of oil crises without getting paid? Like seriously??

Do you realise what leverage actually is?

obiekunie01:
Th only honest person here.

Many dont understand what America is playing at but rather pretend to know.


The thing is, USA JUST SET IRAN UP BETWEEN THE DEVIL AND THE DEEP BLUE SEA.

IRAN BADLY NEED THE MONEY - AND IRAN KNOWS IT IS A MONKEY AND THE NUT IN THE JAR TRAP.

BUT THE MONEY IS TOO TEMPTING FOR IRAN . . . SO IRAN WILL COLLECT THE OFFER HOPING TO FIND A WAY TO BEAT AMERICA TO IT.

IT BE GAME OVER FOR IRAN IF THEY DONT TAKE THE OFFER. AND GAME OVER FOR IRAN IF THEY TAKE THE OFFER. . .

'Beat America to it'. Like seriously?

The money for their crude would be deposited in an account that Iran has free access to. They're are not exactly drilling crude, loading it unto ships and then giving it away for free. Their oil infrastructure wasn't built on dust.

You don't even need to belabour this. The oil would be likely paid for in Yuan. Good luck with the U.S trying to make China enforce a sanction on Iran. Afterall, China has been buying oil from Iran all this while and the U.S is now a net exporter of oil hence lacking the buying leverage it once had.

SpencerForbes:
....

Worst of all, while the oil is moving to keep global fuel prices stable, the money is still trapped. Financial systems are still on lockdown, so the revenue is basically "Audio Money" sitting in accounts Tehran can't touch.

Basically, the US is taking the oil to kill global inflation while keeping the pressure on Iran exactly where it is. Masterstroke.

So you really think Iran is pumping oil today, loading them unto ships and selling them without getting paid money they can utilise in return? Sometimes, think things through. Their oil infrastructure wasn't built with dust

HustlaOfLagos:
LOL When you see oyinbo praising you and your jollof, when you see them rolling out the red carpet for you so you and your illiterate supporters can brag about being the first one to receive that as a Naija President, just know they are whinning you and about to fleece you.

It was obvious to the blind that the deal will not favor Nigeria in any way or form but we love optics more than sense but I guess they need headlines to tout as achievement for their useless election next year

When I read about jollof, I just dey shake head. I hope our trade envoy were not just enamoured at all that was going on around them but rather negotiated strongly.

Also, it seems it's cash that'd be given to 9ja - a good chunk of which would be transferred to British coys to support the British economy. My main worry now is that the unentangled cash we receive is used judiciously to see out that project - not looted and siphoned back into the British economy. That is how western nations rip off African counterparts twice. First by giving loans with unfavourable terms, second by making it easy for those monies to be looted and send back to western nations. The borrowing nation then has to pay double- first for the loan and secondly for a project which never gets completed.

BTW, where was Kemi? Doesn't appear she met with the envoy. Or is Is she still avoiding her 'mortal enemy'

lavida001:
White pipo will always defend their own. The earlier black man know his place the better for all of us.

Where do you think is the place of the black man?

Goke7:
The real fear which one of us has emphasised here before is the exit from the care sector of these workers when they get ilr 😂 but let’s continue to gaslight ourselves. They have to continue to use the benefits thing to justify their excuses. Already oversea care workers have been stopped so I wonder who are they still importing into the country!

I used to think this was a factor being considered but frankly with recent events, it seems Labour are just grappling at whatever they can to increase their popularity. Other parties aren't too different. We can see how Kemi and Farage quickly backtracked when they saw the public was not in support of Trumps war against Iran.
Labour are the ones who gave a platform to rightwing gossip about healthcare workers in the hope that they could win some votes. Now the Greens have startled them and many of their MPs seem prepared to revolt, I wonder what excuse they'd use to backtrack.

LONDON, March 19 (Reuters) - Britain and Nigeria announced a 746 million pound ($990.32 ​million) export finance deal ‌on Thursday to fund the redevelopment of two of Nigeria's main ​trading ports.
- UK Export ​Finance will guarantee the investment in ⁠the refurbishment of the ​Lagos Port Complex and the ​TinCan Island Port Complex.
- The loan will be coordinated and arranged by ​Citibank.
- The deal is expected ​to result in 236 million pounds ‌of ⁠supplier contracts for British firms.
- Benefits include a 70 million pound contract for British Steel, ​described by ​the ⁠government as a major boost to Britain's steelmaking ​industry on the day ​it ⁠announced a new strategy to help the struggling sector.
- Deal comes ⁠during ​Nigerian President Bola ​Tinubu's state visit to Britain.
https://www.reuters.com/business/finance/uk-nigeria-agree-billion-dollar-export-finance-deal-refurbish-ports-2026-03-19/


Just look at the terms. Basically, we're getting a pound denominated loan from the UK. First is that we'd need to pay interest on this and also pay back the capital in pounds - forex we'd have to source by selling our stuff. In essence, Britain benefits.
Secondly, a good chunk of the money would be used to buy British products at possibly inflated prices. We most certainly would have got inputs at cheaper rates if they were sourced elsewhere.
What's the interest rate on this loan again? Nothing mentioned so far. At least with most of the Chinese loans, their interest rates are publicly available. Who's to say we're not paying over 10% in interest on this? Yet, no warning- it's daddy UK afterall

With all the pomp and pageantry followed Tinubu's visit to the UK, I am still seeking out what was actually achieved for the Nigerian side. However, what I find quite telling is the absence of 'warnings' from mainstream, social media and even here too on how the UK might look to shortchange Nigeria.

We just signed a deal to purchase over £70m of inputs from British Steel. Imagine if it was a Chinese steel company we signed that deal with. It'd have been tales of how their steel is not strong enough or how they are trying to take advantage of us. Foreign media outlets would have made it look lime we don’t know what we're doing.. 'But at what cost'? is the usual cliché.

Wouldn't surprise me that in the coming weeks (just like with Kemi's 'deal'), we'd be told to offer gratitude to the King for being given the opportunity to buy great British steel

All this sweet talk by King Charles. What is the UK seeking?

I hope our negotiators and business leaders have their eyes open and seek our best interests when talks are taking place

elengine:
This is her interview with GB news:
“Home Secretary said in interview that she made a series of announcements and made really radical changes and she will be legislating later this year to put this into law and to make sure that system run very differently in the future.
Journalist : when is this judgement for you ?
Two years time one year time?

Home Secretary: over the next year or two, we will be rolling out these reforms and I would expect them to start making changes and of course as we get toward the end of this parliament. I would expect the new systems to be up and running.

Me: I hope the idiot youtubers would not pick this my summary and be louding it in a bid to earn youtube money that will kill them all

Interesting... it seems the loss to and rising popularity of the Greens has caused alot of unease in the Labour camp. It was the right wing media that first brought up extending ILR period before Labour quickly jumped on it hoping to win votes. The rightward tilt by labour was done hurriedly to counter a rising Reform. It's becoming clear they have not won any votes via that move instead, they're losing lots of their traditional voters.

Net migration is already down. Couple that with below replacement birth rates and if modern economic history is lesson enough, there'd be attendant economic challenges ahead.

I wouldn't hold my breath but it wouldn't surprise me they move this forward/water it down which would also not look good on them.

Goke7:
Let them remove the voting rights sef before they start blaming immigrants for losing elections or they start saying they are threatening their democracy. You know even if Brits start having malaria now you know who they will blame again 😂 Biko many migrants are not actually interested in voting in the first place. It’s all distractions from lazy politicians!

Hehe... sure we already have the excuse for the next Reform loss

Goke7:
African nations are too territorial to unify as a block. Even within nations there are territorial tensions. For example see the dispute over the Nile river among Egypt, Sudan, Ethiopia and all the way down to Rwanda, you don’t expect such countries to come together when there are a lot they are already contesting for. It’s that hard and deep!

Ecowas e.t c was supposed to kick-start some of this but it's failed to. Folks though that with France adopting the Euro, francophone countries would be released from certain shackles but that hardly happened. Now most are under military regimes which brings alot of uncertainties into the mix.

The African free trade agreement is a good win- hopefully, we can build from that.

As regards the current NHS brouhaha, I'd say this- It has been brewing for over a year and I've been well involved. A good fight has been put up although it does seem like the majority would have their way.
Eitherway, it doesn’t come as a surprise - it was easy to predict and we spoke about this in our circles as far back as 2019. Its been a recurring theme for over 80 yrs - as far back as the world wars and windrush arrivals. You go back to the 50's and 60's and thesame narrative played out. Many foreign docs arrived - offsprings of whom went on to do well (e.g Sunak)

The funny thing is that what's happening today is a direct result of Brexit. It took me a few weeks after my arrival to the UK to see how Brexit would benefit me. Remember telling one that I don't get why folks can't see the realities of Brexit- and eventhough it might not be good for the economy, it'd sure benefit me - chap thought I was being sarcastic. Afterall, the focus then was on chasing away Europeans with very few seeing other moving parts.

I wouldn't get into the specifics as just like with most subjects on migration, most of what's reported is emotive and hardly the fact. Europeans were taking all the jobs afterall. But things are already moving and give it a few years and same folks in war against migrants would start paying them to come over. I was paid £20k just a few years ago.


All said, I'm glad that before I came to work in the UK, I was clear eyed that the only reason I had access was because I was needed not wanted even when folks here accused be of being proud for stating such facts. When covid hit and people were clapping and foaning how we were saving lives, I told a colleague that this same cohort clappping would throw stones when the times comes and that didn't take long to manifest. It's the simple reason I was aggressive and unapologetically took opportunities so that when the day came, even if I remained in the UK, I'd be unaffected. Infact, I was already applying for my second role before starting the first which I subsequently switched from in under 6 months. Good enough, quite a few colleagues also caught the vibe at different times. Unfortunately, those who didn't or who came in later would face the realities of the present day.

Like I've said for the past 7 years and keep saying, we're only here cos we're needed. Every migrating person should do well to remember that. It's a 'needfeast' not a lovefeast.

Goke7:
Seriously I doubt it will make any difference as most commonwealth citizens are not even aware they can vote and when they are aware many don’t actually participate. This is just an excuse to continue to rile up the base as usual. For starters what’s even the figures if we also add EU citizens that are residents (as so many exited after Brexit) that could actually impact the outcome in any major election reason I stated earlier about the concept of wasted votes!

It's just like the 'family voting' brouhaha they wanted to use as excuse for the last defeat or Trump claiming the election he lost was rigged. When you look at the actual numbers, it's more of a storm in a teacup and doesn't really move the dial except for performative wickedness

Goke7:
😂 it’s just like Ghana who accepted to allow deportees from the US to escape the earlier visa ban Nigeria got who rejected to accept deportees but still ended up on the 75 nation ban list! The man in the White House no send you even if you give him your father’s house!

Hehe.. the earlier nations understand, the better.

My worry for African nations here is that we're still individualised so it's easy to pick us apart. Looking at Europe, most of their strength today is due to the union. They come to the negotiating table as one block which is indeed powerful.