₦airaland Forum

pizapato:
I come again to quote you now as dollar has eventually touched 1k

Are you still holding unto your hypothesis that the true value of dollar below 700?

I was thinking 1k5 will happen in 2025 but the way it is going by mid 2024, we will likely be seeing 1k5.

Of course I still hold some naira invested in stocks where profit can beat devaluation, I however do not have blind optimism that naira will be stable in the next 2 years.

Believing that the corrupt government of APC will stabilize the naira is like hoping the Atlantic will turn to dry land

Hehe... you sef..
It's funny how these discussions come around in circles. Remember having them here when usd was 350.. only thing is that with each grind up, more people jump on the train as they sadly loose faith in the naira.

Issue is many times our reasoning is beclouded by sentiment. Before the naira remains stable and appreciates against the dollar, certain basic fundamentals have to be present.

It's not difficult to identify these fundamentals- all one needs to do is look at the last time our currency held relatively stable for a while (2008-2012) or look at other nations with a stable currency and see what fundamentals we lack.

First, economic growth, a good shift in our inport/export balance, and less f00lish printing of the naira
All the hopeful talk of government is set to do that e.t.c doesn't work

Olaide1295:
When I saw that your post. I changed significant amount of my dollars to Naira (at 720) and bought a duplex house in Nigeria.
I made a terrible mistake. Being outside naija, I don’t even live in the house and it gives me no return.

A grave mistake many Nigerians make when they initially migrate. Worse still, the opportunity cost of the duplex at home would have been a good mortgage or a buy to let with over 4% yeild and average 3% asset appreciation where you reside. 10 years in, you can easily liquidate a property abroad. Selling a high value duplex in Nigeria is very dependent on finding cash buyers which is mostly a hassle.
Wouldn't blame you.. made same mistake too.

The fact is our mindset has been conditioned by investment opportunities we grew up seeing locally. It takes a while to recondition and now appreciate global opportunities.

ElSudani:
All of you japa people who run down your country. Even after surviving the Mediterranean sea don't be surprised if your children have to face this on the other side.

Japa does not absolve standing against this.
Racism juut as discrimination everywhere should be fought

Many Nigerians in western nations would tell you they suffered more discrimination as Nigerians in Nigeria than what they encounter abroad which is really bad. Look at NL for example and compare it to reddit. How many other places would you see people freely using common slurs we have normalised here.

Sad watching this.
Apparently, it happened 18m ago but has just gone viral.

Their gymnastic federation has issued an apology which I find half-hearted.

Discrimination anywhere should be should be fought. Sadly, it happens even in Nigeria.

Focus99:
You should learn how to read to comprehend anyways. I asked a question NIGERIA GO FIT BETTER SO? how is this an insult na wa oh...I see a working system and I asked a question abeg get lost abeg abeg

Hope you retain your sharp mouth when you start work. Confused fellow.

Schoolhike:
Reason why I have overdraft in-place in my DD enabled bank accounts. Then add the money before end of the day, to avoid interest on the overdraft.

Sound like a lot of manual fiddling. What happens if you forget or have a busy day?

I prefer setting up all my DDs to be on a particular day (preferably after payday). That way, I know what sum I need to leave in my account to clear it and move most of the rest to savings afterwards.

mayowa94:
Hello
1. Please can someone on Health care visa work 20hrs as a data analyst?

2. Will changing from healthcare visa to skilled worker visa affect ILR timeline?

3. If given 40hrs/week on COS and on the rota someone get about 58hrs/week does that affect the part time job of 20hrs allowed by the government?

For Question 1 and 3, the answers are clear on the UKVI Health care visa webpage. Regarding basic visa rules, you'd not get any information online that'd rival what you have there.

Extra work has to be in thesame occupation code as your mainjob or a shortage occupation. Extra work done with your sponsor is not counted towards your 20hrs.

For Q2. No.

Buliwyf:
This is what happens when people believe in ridiculous superstitions. Most of those cases of missing genitals are nothing but mass hysteria.

Infact All cases are just mass hysteria

Why don't people go around stealing other people's kidneys etc.

Focus99:
...
Nigeria go fit better so? Hahahahahhahahaha the system is working here JESUS omo ehn

Una don start.... first week in the UK, first tickbox na to dey insult Nigeria..

Well to the outside world, Nigeria is a product of Nigerians. You'd not be seen as a special breed from Nigerian. Worth bearing that in mind.

CowbellY:
Not fear mongering. I have cancelled certain DD as well. But not all are without effect. I know a lad who cancelled his Vodafone DD because he felt they over charged him for a month. It’s gone as a missed payment on his record and takes 18 months to clear.

That’s my advice.

Valid contract terms are generally upheld even decades on.
There are different types of DD but one put in place after a valid credit agreement shouldn't be cancelled unilaterally. It's why there are good consumer laws e.g 14 day cooling period. If not, folks would simply cancel their DD for their mortgage, pcp, insurance e.t.c as they see fit.

BTW, missed payment stays on one record for up to 6 yrs and can significantly impact ones chance of a good credit/mortgage in future.

ehizario2012:
It's been interesting reading the comments on pension and the general economic outlook of the UK in the short, medium and long term. Personally I feel it's important understanding the true economic status of the UK since that's where we live at the moment.

My question, could this seemingly gloomy economic outlook be the reason why many migrants are looking at leaving the UK to Ireland, Australia, Canada?? This has been a burning question to me. I'm on a CoS in the UK, and don't intend leaving to the aforementioned countries even if I get the opportunity... But again, is this my thinking right at all??

I'll appreciate informed responses/comments as always.

Migration is an eternal constant. There's no point fighting it. The thing now is to look at the peculiarities of the world in which we live.
Many folks in the UK left jobs in Nigeria that others thought they were crazy to leave but then, within a few months of arriving the UK, many knew they made the right decision. The difference now is that change in leverage. As a UK resident/citizen, you have a better leverage and time to make an informed decision. The UK is still top in lots of metrics and not many countries offer better opportunities.

For the first time in centuries, the standards of living in many western nations has fallen over the last decade as population platued. In addition, economic growth over the next 50 yrs is unlikely to be in the west (asides the U.S). Western leaders are keenly watching Japan navigate uncharted waters- a nation whose economy hasn't grown in 30yrs despite racking up the highest debt/gdp of any nation. For many Western leaders, migration is now being seen as an economic/existential necessity. Their headache is targeting thr needed talent. The international market for good talent has got increasingly competitive.

The question then becomes what skill do you bring? With the right skill, a move from the UK to a few select nations has seen folks improve their earning and standard of living by a good proportion. I have seen folks earning well into 6 figures here double/triple their earning and quality of life by moving - similar to some folks who were average earners but to a lesser degree. To them, it was still reminiscent of when they decided to leave Nigeria. In the end, when Nigeria gets certain basics right and gets on a growth trajectory, they'd have a better leverage to latch on early.
All said, you need to have the right motivation, skillset and sometimes age to get the right leverage.

SIRTee15:
Just ignore the guy. He's among the failed generation of Nigerians who went to UK in the 90s and early 2000s to date white girls and oppress those at home with fine pictures.

Asians that came same time in the 90s have bought the whole of UK.
Go to any private schools in UK, they are filled with Indians and not even whites.
The Indian landlord of my former church own all the buildings on that street, up to 18 houses.
In fact those guys are done with houses now. They are now buying care homes and hotels in the uk, they then import their Indians into the country to work in the hotels and care home.
These Asians guys came into UK with nothing.

What I will never understand is what exactly were Nigerians doing same time these Asians were doing the hard work and buying up everywhere.

Black man has a long way to go. The way we lack vision at home is same outside the country.
Very pessimistic and negative in thinking.

Hehe... don't agree with your last statement. Some Nigerians are doing well in the UK.. Indians have more numbers so that helps

Alot of Nigerians are more churchous than the pope, stuck shouting 'my father, my father' withouth understanding the financials of the UK or lack career ambition.

Wotowotoman:
They are all afraid of him. When lazy youth was calling him out, did you not stay silent

Hehe... Lazyyouth appeared unnecessarily aggressive and many steered clear. But looking back, his ways were effective in caging the fellow.

It was not until I stumbled upon some of ahibs hate filled posts it because obvious he was truly unhinged. The interesting thing is that he would always boil in hate triggered not only by everyday facts but more by the reality of the successful strides the group he so hates continue making everywhere. Soon enough, he would return to preach patriotism...

phoinix:
Lol, when it comes to top managerial positions, Indians leave Nigerians in the dust. It's a fact. Look at most top American companies, and you'll see that Indians are very well represented. I can count at least 15 top notch companies, not some upcoming or managing venture.

That's not necessarily a good thing..

Take India and China as an example; they were both large countries which were very poor in the 60s after decades of colonial oppression.
China found a way to develop its talent and retain/bring back its best heads. India OTOH, exported its best heads. The economic trajectory of both has been telling with India playing catchup.
The likes of Rishi Sunak and Satya Nadella are are very brilliant but primarily benefit the UK and US respectively. They have little or no impact on the Indian economy or the livelihood of the average Indian child.

P.s Had to split the timeline to show both nations were very close earlier on

Zahra29:
You make a lot of good points on this topic, but I disagree that migration is being regarded or used by the government as some type of silver bullet to solve all of its public funding issues. Mass migration typically creates as many problems as it solves, so it's not the answer.

It's not a silver bullet but it's a practicable solution for alot of issues- one the governmenthas embraced. Those in power have access to data the general public would prefer to avoid.

For over a year, there has been rampant abuse of the health care visa route. Virtually every major news outlet has done an investigative expose on it. Yet the government seems handicapped to take action- the reason is obvious.
Same with those looking forward to triple-locked state pensions plus gold plated work pensions. Ask them how the government would afford that in a slow growing economy....

Donbrig:
The uncomfortable truth here is because most Nigerians are thieves, if you have a big company and employ 100% Nigerians, you should prepare for bankruptcy in few years or months time. Because the main aim of 95 to 98% of Nigerian workers would be to steal from you and falsify all necessary documents.

Nigerians are some of the most fraudulent and criminally minded humans on earth, no matter how much you gonna be paying them as salaries, their criminal instinct will always tell them they could rise and become the boss, intead of taking orders from their fellow mate.

Nigerians don't like taking orders or play by the rules. This is one of the main reasons we have so many many fraudulent churches all over the country, assistant pastor or a regular church member would get tired of taking orders from senior pastor, his/her aim would be to open his own church, and the circle continues.

Either we believe it or not, we are not just normal humans, this is why we are the most disliked nationals on earth, not just our leaders, but our society is too hostile and unhealthy for rearing animals, much more raising human beings.

I rest my case.

What you said epitomises self hate and inferiority complex- The idea that someone is inately superior to you.

I've been around the world and can tell you human nature is same everywhere. India is in alot of ways similar to Nigeria- high birth rate, huge poverty, discrimination e.t.c. They have made steady progress recently. We can make same too.

There are loads of Nigerians who are making good strides both at home and abroad. Nations go thru phases. Europeans have been in a constant deadly rivalry for the better part of their existence.

phoinix:
Very revealing backstory there. So, he was once a trader. It's funny how some people taunt other upcoming traders as if they are the very cause of our bad economy, simply because some of them come from a specific tribe.

......

I wouldn't bother much about ramblings of the unhinged fellow and also did not find it surprising for someone who had been actively hateful on other sections of NL. For people like him, what drives the hate is the obvious inability to meet up to a group they hate plus the shortsighted idea that nepotism would some day trump hardwork.

Conversely, what I found rather interesting was the relative silence that ensued here while he rambled on. It was as if folks were unable to call out his folly

iammo:




Canada is a cold vast land, they need animal heat through perspiration to keep them from having unhealthy temperature

Canada taking in Immigrants isn't for charity, they need more and more inhibitant to make their country habitable and densely populated to make human survive

.

Talk with little sense
So how have Canadians survived for centuries?

lavida001:
They have gold reserve 🤷🏽‍♂️

Human gold reserve abi human gold coming thru. Hehe

MichaelUde:
No be only the triple lock that's probably going to go, the state pension itself will at some point become means-tested then will probably disappear by the time our own time reach. The liabilities for public sector workers pensions alone don reach like 2 trillion so far and the UK's economy is worth 2 trillion or so, so its becoming clear that its not sustainable, unless taxes go up to European levels and the retirement age goes up to like 70 - plus. The issue is that there is no such thing as an NI fund, so all the money they take from you as NI doesnt enter a pot somewhere for the future - pensions are paid out of ongoing taxation.

Scotland case na a different matter - obviously taxes will go up here, the demographics are very unbalanced and Scotland can't keep its young people as work no really dey outside the public sector in most of the country except for the central belt and Glasgow and Edinburgh don turn to London in terms of housing because of the numbers of people finding their way here.

True, I have not factored state pension in my plans as I might likely not meet the eligibility criteria and even if I do, it might not exist in its current form then. If I get it, then would be a nice bonus. Even the gold platted public pensions have continually been cut down as reality hits with economic growth failing to keep up.

The UK is not the country it once was and many Brits have struggled to come to that reality. There are fewer nations available for plunder and even in that sector, there is fierce competition. Look at how the Indian deal is being hotly pursued- something that'd have been a given years back.
For the first time in over a century, a generation of Brits are in real danger of being worse off than their parents.
The issue with the inverted population distribution is that the elderly at the top would have undue advantage over policies as they have the numbers so they have to be kept happy at the expense of the ever decreasing younger populace. Good example is the recently implemented lifetime cap on care costs and mooted abolishment of inheritance tax by the Tories who many older folks are likely to vote for. Well, they have immigration to prop things up.

Zahra29:
The state pension age will continue to rise to cope with the cost of funding, not just in the UK - that was one of the main causes of the riots in France a few weeks ago.

Net migration was over 500k, a lot of whom will not be permanent settlers for various reasons.

Pension age is set to track life expectancy so that each generation expects similar proportion of life contributing to and receiving state pensions. Life expectancy has began to plateau (and even slightly dip) hence pension age would rise slower than before- from 66 right now to 68 in 2046. In same time, the number of people eligible and cost would baloon out.

At 500k, net migration is just about able to replace natural population decline .. but then, is migration really the answer?

maishai:
https://www.nairaland.com/7827222/rivers-govt-begins-demolition-ait

This is an example of the type of chancing i am talking about in real estate investment, it like there is this virtual ceiling on the profit an outsider can make from property valuations

At every valuation junction there is an agbero waiting patiently to skim his cut, even down to banana island and maitama in abuja

It's like the ownership model is dictated by this guys(family),and d model changes based on the pace of development of the area, No paperwork can escape their tactics

My bane in emphasising this is that most times as a property owner, u dont have the financial muscle to ward them off

If anybody has strategies to overcome this please discuss

Your land or property can be knocked down at the whim of some big man even if you have all legitimate papers. It's the risk to bear for having weak property laws and a weak judiciary.

Not defending hooligans but one can factor that cost into sales... 3-10%/ flat rate e.t.c for estate fees, local chiefs e.t.c.
Your price of sale is guided by market forces. Mostly, they'd even want you to sell for a higher price so their cut is larger from both you and buyer.

Gerrard59:
When Tensa20 told me this, I was shocked. How doctors go dey bribe for residency slots?

You see, these are the reasons I call out those blatantly against relocation demons. Miscreants would be on YouTube tying mumbo-jumbo without fully explaining the nitty-gritty of everything.

As everyone can see, when I call these cretins demons, e get why. There are more than a thousand and one reasons to term them so. They are not happy young and ambitious folks are fleeing the system they spoilt. From Agbaje of GTB to the demons in this section.

Demonic bastards everywhere!



I pray the medical exodus continues. The medical monkeys and donkeys at the helm of affairs might be compelled to change for good.

Anyway, it will continue. I have never lost betting against Nigeria. Never has it happened. Not today, not tomorrow, not anytime soon.

Young Medics, there you have it: flee the hell hole leaving the demons to slug it out!

Hehe..
It's a culture of impunity and low accountability.. sure not helped by poverty. We see it everywhere from president, military, religious offices. Universities, senate, judiciary e.t.c.

A top cleric slapped a child in broad daylight. Nothing was done. The lawyer who took it to court was hammered by the Judge for being a busybody and had to pay a fine. That same cleric would have got hammered if he tried same thing in the UK.

Ask the followers of that cleric what they think... they'd say 'touch not my anointed' but at thesame time, they want to question impunity elsewhere.

It'd take a while to fix moreso with gradual change except something serious happens.

Oyindamolah:
Why north?

It was the locale I was familiar with. Ongoing violence has rendered many parts of suburban Northern states (which traditionally saw the fastest growth) unlivable even for locals. The reverse hs been the case in some parts of the South where folks relocating has pushed up house price.

Overall, Abuja seems to be a safe bet. Relatively safe, more liquidity, rapidly expanding, fair infrastructure, easier to verify the authenticity and less issues with locals compared to elsewhere.

Interesting few weeks..

Talk of sustainability of the state pension triple lock... meaning state pensions currently rise by the highest of either 2.5%, annual inflation or average annual wage rise. Moreso state pension is not means tested so most people are eligible to get it.

2.6 million (and rising) people of working age are currently not working due to long-term sickness. A vast majority of these claim benefits and pay no taxes.

In Scotland, the population of those over 65 has exceeded those under 15. Infact 1 in 5 people in Scotland are over 65.

Over 500,000 people permanently emigrated the UK last year... many of which are young and working age...


One wonders how the government would keep funding some benefits... moreso with high debt, slow economic growth and lots of sectors already being underfunded for a while.. hehe

Progressivegee:
That's not right. Aside transparency of the process, one primary reason you can't swap a Nigerian Drivers licence with the UK is because of the right hand drive issue. Nigerian trained drivers would need additional training to learn RHD. Zimbabwe licence and some other African country can be swapped with UK license because they drive in the same Right Hand.

If Nigerian license is that bad, then they wouldn't allow Nigerian trained drivers drive on their roads for one year with their Nigerian license.

We no say naija no good but make we self dey calm down when criticising. Their many positives the country has

Good point, if our driving was so dvmb, we would not be allowed to drive for a year.
Yes there are differences in driving practices largely down to road layout and how tests are carried out but the ease at which our folks rubbish both their home nations and self worth is concerning. Sure, it shows up in differential attainment down the line. It's sad that the oyibo folks sometimes see more value in us than we actually see in ourselves. If our initial education was so useless, they'd be asking us to start primary school all over again.

The other day here, it was one euphemising the white man and how much of a 'god' he was while at thesame time denigrating himself. Bring back colonialism today, many Nigerians would vote in support.

Mirrors my comment earlier on perception. Sure if there are classes termed '10 steps to pass a driving test' e.t.c and you'd see immigrant folks trooping in because they believe a basic driving test is hard