₦airaland Forum

Unperturbedpota:
Rubbish trash nonsense . I work in medical feild and leaving Nigeria was the best decision I ever made.

Today I have a clear plan to achieve my goals . Pls all those of those who have been deported and banned from entering foreign countries or those who can't afford to travel should please stop disturbing people!!.

Leave them alone , you are all like the OP are bitter and angry and want to hold others back!!

The energy you use to source these stories why not use it to source stories of people like me and my friends who are doing very well abroad

Fellow Nigerians ignore these people and focus on your plans

He's still a student and it shows... its a phase. Someone of his status emigrating should have done weighed the outcome beforehand.

Also, best time to emigrate is when young.
For many Nigerian medics emigrating has been overwhelmingly worth it.

Good riddance....

Itzlinda:
Nigerians would round-trip rega as long as they see the opportunity.

I have friends in banks that blow from processing form m and school fees for student.
So even if bdc is out of the equation, round-tripping will still continue.

That's not the point.

Point is: The naira is exchanging at it's current rate today because of the decisions and indecisions made. When we defended irresponsible decisions because of ethnic reasons, we should not forget to be happy for the outcome we see

phoinix:
Is it not Tinubu's hasty plays that fueled the current dollar hike.

The way and manner the change was managed played a role but the foundation for what we have today was already set by the ineptitude of PMB.

Credit due, BAT has made some decisions that could change the nations course for better in a few yrs especially if inflation is brought under control.

ahiboilandgas:
BDCs is a necessary evil the Nigeria state must learn to accommodate . Pmb learnt the hard way both in 83 and 2019 ! Nigerian is an abnormal society and text book policy will not work as planned in other society's! .This unrecognised market was organised by CBN /sunusi after years of self deny that is doesn't exit or dont have any effect on official rates ,inflows and stability! Wapa starting exchanging money before the Nigerian state came into been and will still be doing currency exchange after the Nigeria state expires!. Nigeria a highly corrupt ,selffish and crime infested society where 95 peecent of citizens have criminal tendencies are surprised the naira is unstable and BDC strives ! Give a Nigerians manufacturer 1m usd @300 to bring raw materials he will instead sell tp BDC @600 make 300m collect cheiftancy title and come to press and blame poor aboki for devaluation of Naira .give xxxx Man visa to India ,thailand cambodia for business he start selling drugs and remit same to BDC to build his mansion! All the ashawo in italy,drugs in asia , yahoo crew are th crew sustaining the BDC enterprise

It's fascinating how you go out of your way to defend BDC operators....

Regarding Dangote, a single person should not have the freehand to over 10% (arguably 50%) of a nations reserve.

Let me ask, would your defence of BDCs be different if they had neen mainly of another ethnic stock?

Would you have said sane thing qbout Dangote is his name was Chukwudi?

How much forex has Nigeria spent to quell the self-inflicted extremist terror in some parts?

Again... patriotism thru an ethnic lens

phoinix:
The current situation is complicated. It was exacerbated by BAT's impulsive calls. I do not know what is available in our reserves or what the inflows look like. However, a good solution would be to map out a plan to release 5 billion USD or more at an exchange rate of 750 or thereabouts. Flood the market with it. Allow the BDC, banks, and manufacturers to take as much as they want. Sustain this for at least a couple of months until all speculators have had their fill. In effect, buy out all the speculators. If the money is not there, then we are at the mercy of the speculators.

They should never ban or outlaw the black market, or the dollar will reach 2000 in days.

Markets thrive on confidence. The dollar in itself is mainly paper, many times its just numbers on a computer.

What percentage of oyr reserves would $5B come to?
What happens after 2 months?

A single man was given unfettered access to $3B -a chunk of our nations reserves at a discounted rate of over 50% from prevailing the market rate. When questions were asked here it was said he is a business man.
As if that was not enough, the government then bought into his private venture at an inflated fee of $2.7B

But we're to believe it's the money paid by hapless masses escaping the brutal effect of the padt regime that's responsible for the nairas decline

Patriotism thru ethnic lens. It

ahiboilandgas:
na the bad news from Goldmansac bank cause this panic again !tbey trigger the panic bank of America says naira is over valued above 600 .Goldman says the net reserve was 3 bn USD. They are playing mind games . Once we start getting weekly bid like before ( 2000 bdc) currently undergoing doing final round of documentation na 650 you go sell am last last .the Fgn is going to sell down of usd assets to raise 15 bn usd . Like some stake in NLNG and NNPCL with buy back option is on the table .a stable currency (Naira ) is in the overall interest of everbdoy ( speculators,citizen's,rumour mongers,haters of Nigeria Bdc operators politicians) no body is totally immued to the fallout of a collapsed naira

The last time BDCs were allowed to operate, they were largely involved in rountripping creating a bottomless pit the CBN could not fill. Same reason why their licenses were suspended.

When questions were asked here, you were quick to defend their acts as 'business men' and instead blamed 'importers'. Well the importers have survived.
The devaluation today was set in stone partly by their actions. If BATs government allows then do same thing that PMBs allowed, same outcome would be guaranteed.


Patriotism thru ethnic lens.... it doesn't matter what BDCs do to the naira. As far as they are my brothers or I benefit directly, I must protect them and point fingers at others.

BorisJohnson:
Help Needed!!
The Care Agency that brought me to the UK on Health & Care Visa CoS has just been sanctioned by the Home Office. They have now lost their CoS status.
All the foreign staff (plenty of us) have now been told to find a new sponsor, or leave the UK within 3 months.

Please, do you know where I can be able to get a new CoS? Please help.


Please help a brother.

Any plugs? Leads? Recommendations?
Please help.

Hope you find something soon. Being in the UK should make it easier this time. But what happened?

pizapato:
Yes I am not.

I can't let patriotism drive me into penury. Anyone who is wise will split their investment into 2 parts (some in dollar and some in naira).

The issue we have here is that people often colour patriotism behind an ethnic lens.
Most of the decisions that led to the issues we have today were taken within the last 4-6yrs.

What did people say when those decisions were taken?
Now the fruit of those decisions are coming through, people are blaming victims.


The current devaluation was set in stone at least 2yrs ago. The question now should be- is the government making decisions that would prevent a repeat in 2yrs time?

Neverlosemoney:
Humans wants are just insatiable.

People really need to learn how to adjust their lifestyle to their income. Chasing more income, more yields has always been the root cause of financial catastrophes and most needless sufferings out there.

True, human wants are insatiable but taking legal steps to see you (in old age) and your children are afforded some necessities is not greed.

There has been no smaller country that saw rapid inflation and currency devaluation where its citizens did not turn to other available currencies. Nigeria will not be the first.

The last time we had this widespread emigration of our middle class was in the late 80's/90's. How many people who left then regret it today?
How many who had the means then but refused to leave still think they made the right decision?

Acidosis:
.....

These are the unpatriotic people behind dollar scarcity.

One wonders, who does more harm to the naira..
1. A sitting president who travels to the UK for medical treatment or
2. An average earning banker who sells his property to seek greener pastures abroad?

Neo-colonialism.... aka mental slavery

Anambra has a number of indegenous companies ... in Agric, oil n' gas, manufacturing e.t.c. This helps keep money home

giselle237:
You are contradicting yourself. If noone’s life’s worth is from a British passport as you say, why then are you saying they need to wait 6 years to get this same passport?
.

First, tone down on the agression, it's not a fight.

My point here has been that people should get relevant sought-after skills that enable them climb the right ladder and if conditions are right, could be open to explore other options. Plus it gives you the capacity to adress unfair decisions when they arise.

The conversation here has been telling. Perception truly differs.

missjekyll:
"Recent immigrant"

That is a self limiting misnomer and I encourage every legal immigrant to take advantage of every single legal opportunity this country offers.

I think thats an issue here. For some folks, their sense of worth is tied to having the passport. Unfortunately, it's not the case for everyone. Over recent years, a number of our best heads have moved to the UK. All these folks cannot be pummelled into the bottom rung as in times past. Most recent legal migrants into the UK have put in more than is due and its up to them demand the full gamut of experience for their moneys worth.

Zahra29:
That's not true.

There are many more examples, but typically I'm trying to provide a more balanced view and I guess it comes across like I'm bashing

How about your post depicting Nigerian health workers as quacks?

What if I tell you a number of them can't wait for the 6 years to come before they retrieve their well earned passport and head off while having their UK investments incl properties yield? They dont even pay IHS, some are offered a good sum to remain and may have their visa fees paid for.

Some who's life worth stems from having a British passport would not stomach 'immigrants' who see same passport as an optional bother.

hustla:
Costs £148 per person to renew post study visa for Nigerians in Canadian school . Just dey blow my mind since my friend told me

We will soon be paying about £2500 per person, roughly CAD 4,317.Now imagine a family of 5 applying for this route excluding rent, feeding etc, major cash out for UK gov

Hehe... it's why I advise folks moreso those who emigrate early to build themselves and aim high... That's when u know that employers would make exceptions for you. When the questions then become whether to remain or move elsewhere.

Peerielass:
....You want them to charge VAT on tuition fees for parents who are already subsidising other people’s education by not taking up places in state schools?

I like your impressioned statement about VAT on school fee. Those are tired arguments that have been well addressed with a number of national examples.
Why not share reasons why it makes economic sense to abolish inheritance tax, keep private education vat free, abolish additional tax rate while at thesame time, make ilr/visa fees go up every year with inflation, extend time for ilr to 8 yrs, put all immigrants on a 45% tax treshold and worse still exclude naturalised folks from state pension.

Cue: These are all political decisions. Groveling over a policy that rewards the rich at the expense of the poor only creates inequality.

Are there no better pictures to depict an African child than this?

While the wealthy are being readied a tax break that'd see the government lose £7B, minimum wage earning migrants would have to fork out over 50k per family beore they get the chance at building a reasonable life, mortgage, private pensions e.t.c.

I know enough about macroeconomics and social engineering to know that it's moves like this that compels a group to the bottom rung of the society.
What happened to vat on private school fees? Oh! That does not punish immigrants.

Win-win my compatriots said.
Oh how about the UK changes its laws, brings in a hoarde of Nigerians, harvest one kidney each and in return, grant them permanent leave. Win-win my compatriots will say. It's capitalism afterall... supply vs demand. They can go back if they don't want.

heroshark:
...
If you believe paying the fee to move to the UK will make you poorer, then by all means stay in your country and remain richer.

The idea that 'oh your country does not treat you any better' is not a tenable excuse for unjust treatment in any modern society else that'd be a good excuse for racism, slavery, prostitution e.t.c. oh! you were called a monkey in your workplace?...well your country does not treat you any better so shut it.

Also hiding behind capitalism is not also an a answer to this else the NHS, social housing e.t.c would be toast. The government exists for that very reason.

Immigrants make more than their fair share of contribution- thats called tax, NI, school fees, the skills they bring, economic footfall, while having no recourse to public funds'
Forcing them to shoulder the wage rise of others while still bearing the cost of living crises is unfair. It means many would be condemned to the bottom rung of the society.

P.S. I would not be paying the new visa or IHS fee as those would be fully covered by my employer (should I need to reapply) but that does not mean I should make excuses for an unfair system.

heroshark:
I don't know why you keep stressing the black and brown like the policy is targeted at them only. The policy is targeted at immigrant/non-immigrant who want to leave their countries to come live in the UK whether black, brown or white the race is inconsequential.
And I think it's a win-win for even the immigrants because I personally will choose to pay the increased ihs fee, once and for all, than having my tax increase. Additionally even the immigrants working in those sectors also get a pay increase.

Go to page 86 and see the origin of 'black and brown'. After that, you could raise it up again.

A win-win I see.

Let me break it down for you. This is like your boss taking from your salary to pay for the road trip of your work colleagues. You then call it a win-win cos you were also on the bus and that you alone paying for the whole trip prevented everyone from contributing their fair share.

This move means that immigrants are left poorer (cue inflation) irrespective of whatever salary increase they receive just so Brits can have more in their pockets. This creates inequalities. Read through polished 'right sounding statements'

Zahra29:
White immigrants from Europe, US, Australia, Canada and others will also be affected by these increases.

Lol...

Goke7:
and you think the average EU citizen will pay that much for IHS fee when the Uk is not heaven

It's why I chuckle when I hear about an EU deal to plug the labour shortage.

This graph says it all. Expect a steeper decline from the EU with this new levy. Good luck crafting a deal that undermines the 4 pillars of the EU or getting EU folks to pay uni fees, IHS fee, T2 e.t.c and fund your 7% wage demand. Talk of slave labour.

I'm still wondering how many immigrants are needed to fund this wage rise.

Bourne007:
This your statement is baffling .. . Isn't IHS for all continents inc EU? .. .

That statement has an origin...
To quote 'The average Brexit voter certainly did not vote for increased immigration from black and brown countries...'

They don't want EU folks, dont want black and brown people, dont want a tax rise but want 7% wage rise a stagnant economy can't pay for.

Zahra29:
I'm not sure I understand question 1. Are you saying there is only a binary choice between higher taxation or higher immigration? I was in favour of the social care levy that Sunak introduced when he was chancellor before it was reversed by Truss. I obviously did not like the additional tax on my income but I accepted it if it would help rescue the NHS/ social care.

You do know the IHS was introduced about 8 or so years ago by Theresa May? It's not a recent phenomenon. It started at £200, but has been increased twice since -roughly doubling each time. It was only a matter of time before it would have been increased again, even if the Tory MPs had not written to Sunak.

I did not infer.. only asked.

With tax thresholds frozen, there's a real fiscal drag and most people would invariably pay higher taxes. The question Zahra becomes, would you prefer the government increases taxes to fund the pay rise or would you rather black and brown immigrants pay?

The double taxation called IHS and visa fees may have increased with inflation... but an increase aimed at paying public sector workers higher wages has not been a matter of public discussion before. It's not like we never knew... it's just that there's now an acceptance of this fact.

hustla:
Isn't it on this same thread we said people should try to aspire for Better jobs than care and people got angry and said all sorts?

Hehe.. he's mouthing now. If na oyibo pikin tell am to jump, he'd say 'master how high'

Looking at himself as a lesser human would only stunt his growth moreso after 10months in. Hopefully, a 22 year old oyibo pikin resets his brain with well garnished insult.
It's why I advocate having the good mix in your circle and see your fellow compatriots rising up the ladder.

Finally, neo-colonialism is not a good thing. Ask most Nigerians where their ancestors are, they'd say in hell... i.e to them, every Igbo, Hausa, Yoruba person e.t.c who existed before Christianity and Islam is burning in hell. Tell me what else is needed to conquer a mans psyche.

eniola1010:
One thing that marvels me is how a disable person can live a normal life abroad.

.....

Dude after you're done being in awe, start building yourself.
Looking diwn on yourself and your ilk shatters your confidence and only keeps you at the bottom rung of the economic ladder in this society.

For those looking for the link- starts at abt 4:58
Funny how despite the UK mainstream media attending the brief, in reporting, they’ve been largely silent on the visa fee increase. Imagine a headline line 'Immigrants to shoulder 7% public sector pay increase'


https://www.youtube.com/watch?v=k9aN9XlIm6A