₦airaland Forum

sukkot:
freedom, peace of mind, not being heavily taxed to death, you are beside the food you love to eat, no second class citizeshipp based on your skin color, not too many bills, not feeling like an out of place alien, not feeling like a unwanted visitor etc etc. thats what we mean by sweetness

Freedom, peace of mind? Lol.... even Buhari will laugh at you.

Taxes- western societies are structured in a way that the government needs folks to work so they don't have to depend on benefits. In Nigeria, you need to work so you don't die. When you understand that, you'd see why even your leaders will rather pay high tax in a western nation than zero tax in Nigeria. I would rather pay high taxes if that's the cost of development than pay zero and be an undeveloped nation.

Food- If you're foodie, leaving Nigeria would open your senses. Then you'd know that eating Ethiopian, Japanese, spanish, Jamaican menu e.t.c can be a weakly routine. If i want Nigerian food, I know the best is supplied to the west

Bills- expatiatiate... most bills paid are voluntary for good services rendered

Discrimination? Lol... the highest discrimination I've witnessed was as a Nigerian in Nigeria. Below is a picture I took of Nigerians slaughtered in their home state. There were more bodies packed in trucks waiting to be offloaded. Their own governor denied the killing. The shocking thing is that this picture happened in peacetime. I don't want to tell you what is going on there now.

Again, what is the enjoyment you refer to?

sukkot:
ignorant ass nigga obviously you dont know what you tambout. alright lets do earnings to car insurance ratio. so they want 4000 a year from me as insurance. this is 80 pounds a week. the average wage in uk is like 400 a week. so at 80 pounds you want a fifth of my salary just for insurance alone. i never pay rent ooooo and my other 20 bills. now here in naija the average wage is like 300 thousand a month ( average not minimum because i used average for uk too ). so the insurance at 5000 a year is 10 naira a week. wage at 300 thousand is 75000 a week. so out of 75000 naira a week they only want 10 naira a week for insurance. thats less than one percent of my wage whereas in uk they want 20 percent of my wages in auto insurance. hope you have been schooled ignant nigga

I doubt you've ever left your village.

Tell me what vehicle you're insuring for 4000k. Folks drive a 2020 SUV with less than 3yrs on their licence and pay less than £500 pa for comprehensive insurance.
Regarding salaries, try and leave your village. There is only so much you can get from hearsay

Congrats to them. It takes alot to pull thru.
Next time, a chkld should not be left unattended

All said, there is no country with automatic prosperity for everyone. Some folks would do better in Nigeria and some folks would do better outside. Those looking to migrate anywhere (even within Nigeria) should think it thru. There are no bed of roses

IbeOkehie:
This is seriously funny. Please there's data about economic conditions in Nigeria, this isn't like 25 years ago. Let's quote some of them offhand -......

You write from experience and with facts...
Relativity is important. Dangote saying he's broke and an average Nigerian saying same do not mean thesame thing.
Most of the things the western media would be agog about and folks overseas would complain about are things we'd not even bother with in Nigeria... e.g inflation of 10%, forcing out a PM because he went for a party during lockdown, 'heatwave' of 35 C. e.t.c.

Lastly, when folks say Nigeria is the best place for someone with money to 'enjoy', ask them what enjoyment means and you'd be surprised.

Shutupthere:
They do and most even leave with 20M and leave jobs that pay 500k plus for the UK . If they are focused they will be better off in 5 years there than they will be in Nigeria. If you have ever invested in a personal biz in naija you will know what it means to play Russian roulette with your hard earned savings

Good stuff...

IbeOkehie:
The essence of this thread is something I've noticed among the upper class in Nigeria - they don't want other Nigerians to make it out to the UK, USA or other developed countries.
Talking to some of them, you can tell they would prohibit Nigerians from migrating if they could

The UK of today is as enjoyable as any other era. I know a few fresh doctors and nurses and also students and lower class workers who have made a higher standard of living for themselves than they would ever have in Nigeria. Some of them even work illegally.

Warren Buffett has said it plenty times and I know by experience, there's nothing that a rich man can enjoy in the West that a poor man can't get except private jet.

So this is what it has come to. � No wonder Nigeria is the way it is.

True... in the past, Nigerians in the UK saw themselves as 'elites'. These group get angry when they see regular folks migrating and doing well for themselves.

progress160:
Hello guys. I posted about driving bruhaha where I worked. Although my company advised me to apply for a provincial license which I have done, I noticed they have been very cold towards me since then. They find fault in everything I do and threaten to send me home at any slight instant. They are delibrately frustrating me. I get accused for things I didn't do and I am not given a chance to defend myself. Currently I trek several miles daily to see clients because my company said I can only buy a car until I get my pass my driving test and I can't use my international license. They paid me without a pay slip and wen I requested they ignored. I was threatened that I will be sent home if any report comes about me. I am tired. I just called another company who are willing to sponsor me after an interview.

My question. Can I go with the new company because I have only worked for a month with my current company. What about my dependents, do they need to apply as well

The details on this are sketchy and gives the vibe of somethings not being said.
There are too many red flags.
Denying you your payslip has the potential to land the company in much more trouble.

Fact is, the treatment you're receiving would not stop until something gives.

skydiver01:
I agree. But, lets remain positive whilst diversifying.

Being positive shouldn't stop one from demanding good leadership. Nations move ahead on the basis of citizens voting and demanding good leadership.

I bother less today about inflation/devaluation as I believe most is already locked in and I remain well hedged.
I n the early days when the seeds driving the current economic performance were being sown, some of us called it out here. Folks said it's only those that don't have investments that complain about inflation or devaluation... lol... now the fruits have ripened.. hope their investments did add up.

GRACEGLORY:
Almighty CZ participated in the Twitter acquisition deal by providing funds for Almighty Elon. So, in the market, we assume that Binance will become a provider between Twitter and the crypto world. Now, with the implementation of the new verification thing, that is stipulated at the price of $8 per month, obviously, cryptocurrency payments will be accepted.

Technically, the BNB has destroyed major resistances, leaving the $400 area.

Why are you calling mortals like you almighty?

Bnb has about the best tokenomics among majors. It's truly deflationary. It was a monthly chart I posted... it's shown strength for over 6m now
I was skeptical after the recent hack when millions of bnb tokens were minted by the hacker. That held me from exchanging some bitc0in into bnb

Labadi69:
It is that scramble by criminals and politicians to change to USD that is the key driver of the sudden fall as never seen before. Read my comment again…

This move doesn't come as a surprise to me. As far back as last year, I knew the tipping point was close
For every devaluation, there would always be a group CBN seeks to blame. At the end of the day, the resulting inflation visits suffering on the masses. It's the job of the CBN to control and adress that not pass blames.

Remember the UK PM lost her job following a move that resulted in such outcome. They didn't go blaming one group or another.

skydiver01:
Stability will be achieved. Currency appreciation will occur. It is my view that the Naira will appreciate e.g. when the government implements the necessary and steep cuts to its running expenses. Thus reducing borrowing for expenses (civil servant wages) rather than for infrastructure development. Another example is the elimination of fuel (PMS) subsidy. This will happen too.

I hope it does. But hope alone does not run an economy.
My life wouldn't be paused for looters in government to do the right thing. The last 8 years for Nigeria has been that of severe inflation and no growth. If the next 8 years turns out similar, then that'd be about 2 decades wasted.

jedisco:
In a bear market there are still some movts...
Some coyns are moving well against bitc0in.... These are opportunities for those already stuck in these coins to jump out/move to something safer and not necessarily for folks to take new positions
Eith and etc made good rallies before the merge. Now xrp and chilliz are pushing up.


Idea behind this is that any bull run would always start with a bitc0in rally. Also, should the market dip further, one is better off in bitc0in. As we've seen, very few coyns will outperform
bitc0in in a bear market. Hence, until the market has established a trend, bitc0in is usually the safest bet

This week... matic and doge rallying beautifully...
I'm rotating more into bitc0in... I suspect it'd drive the last quarter

jedisco:
Bnb is the only major who has been making new ATHs against bitc0in.... Also on the cusp of breaking out against eith.

I know it's the only deflationary major and binaz is looking at converting all other stable coin trading pairs aside usd.t into busd. Asides these, is there any bullish upcoming event driving it?


P.s. I'm not in a position as I don't think market conditions favour alyts. Also, I don't like buying alts when they are in price discovery against bitc0in.

Bnb is still rallying strong. Still unfazed despite the hack.
Coins that show such strength in a bear market pique my interest.

Kay005:
Pls, how far more can doge go, considering we are in bear season.

Sold some at 0.. 072 against betece... watching to see how it develops

Labadi69:
The rapid rise to 830 and maybe eventually 1,000 or even 2,000 is because criminals, politicians, looters, kidnappers, terrorists and co are rushing to change the old Naira notes stockpiled in their hideouts to dollars before the deadline to exchange the old Naira notes. It is very artificial.

What Emefiele and co are trying to do is to make all the ill gotten, looted and stolen Naira useless to these criminals and politicians. Hence the mad rush for USD. Kenya did the same not too long ago..

N.b: it may just be part of a grand political agenda to neutralize targeted money bag opponents. Who knows?

Artificial or not, that rate has a direct effect on the livelihood of millions.

When the naira devalued to 450 against the usd, some blamed it on businesses they christened smugglers. Do you really think that folks who stockpiled billions would be affected by this move? Bank managers would personally supply them with the new currency. Alternatively, they change to USD. I wonder if the CBN gave thought to this.

All said, a currency is the representation of an economy

AngelicBeing:
Gbamsulotely, end of thread, the law of retributive justice always holding koboko to flog anyone, government or institutions that violates it, you can't plant maize and expect to reap cassava and you can't keep churning out Oluwole and burukutu economic policies and expect to Reap heavenly results

It's easy to forget that the UK PM was forced to resign after a move that resulted in a similar outcome as ours...

narite:
This present administration just want to make sure they completely ruin things before they leave office. Clearly, this is a sabotage. If I may ask, when this Current regime leaves office; can the Naira still go back to the current bank rate 490-500?

I doubt... except with redomination.
We're asking of stability now...before we start talking of appreciation.

Estroller:
Go to topcashback website and look for your desired merchant, check the cashbacks available from them, make a choice and go to the merchant's website from there. Topcashback will record your sale and payout your cashback when your sale if confirmed.

Also do well to read the terms of the individual cashback and also confirm the price from the merchants site independently before sealing a deal via a cashback site.

I use Quidco. They're good for making purchases you're going to make eitherway.

Schoolhike:
Passed Driving Test First Attempt.

I actually followed the advice from this forum.

Got an instructor that charged me half of normal price because I used my car to learn, tho I’m still within the 1 year limit for international drivers licence holder.

Also, I watched almost 10 different videos of about 20-25 mins long from (DGN driving school mock test).
Only the mock test nothing else from the channel.

My insurance is now around (£1.1k) for 1.6l engine diesel car, due to the the Uk licence.

Good advice from our predecessor on this forum.

Thanks for all the Good job.

Will also try to be an active participant to also help others with advices that has worked well for me or people around me.

Congrats.
I have never understood the hype around driving tests. Truth be said, it's straightforward.

narite:
Are you subtly saying this is the End of the “Naira”?

It's far from that. Countries have seen much worse. We reap the consequences of our decisions.

Ashirioluwa:
I will not call her a madwoman or stupid because you don't know her plans. I did the same thing some years ago when I left my job to relocate abroad. My coworkers and friends called my idea strange because they all believed I was doing better then. I never argued with them or challenged their negative comments because I knew back then that none of them was ready to take care of my bills. The reason(s) behind my relocation moves then was to be able to improve my life, and that of my kids and help friends/family members when I am in a position to do so.

You will not believe that those who condemned my actions then are the ones bothering me today for one form of help or another.

My advice to those young folks who are planning to relocate is that living abroad doesn't make you rich, but it will allow you to live well. You will be able to enjoy those things that only the rich enjoy in Nigeria. You will be able to help your parents who help you to become the person you are today.

Man needs to make a move. Life is all about risk. You lose some, you gain some.

Do it. Japa if you can.

Same story with most....

Reason why the chap talking about migrating bank MDs evokes laughter. He should ask himself why someone savvy enough to be a bank MD would leave all the enjoyment associated with his post for the uncertainty associated with migration. It's like an everyday folk goving Dangote financial advise.

Bksense:
Do you have such respect for an average mechanic, care worker in Nigeria? But since it's abroad now, all job are decent and everyone should be respected. I used to see this hypocrisy from y'all

Not everyone is guided by the worship of looting politicians.
My parents did well to teach me the ethos of dignity in legitimate labour. Reason why I don't see oppressing others as enjoyment.

zamirikpo:
This our afinity for dollar is fueling the rise in its price..........I've stopped encouraging people to buy dollar, its no longer sensible...........even though I don't see the naira ever regaining these lost grounds but I think we should start thinking local.......its about time we start consuming locally produced goods and services...........wahala dey ooh.

The stability of your currency is a reflection of your economy.
Your barking up the wrong tree. People flee to the dollar because they have lost confidence in the naira i.e the economy. Preaching does not save a currency. Turn the economy around and investment would flow in.

Regarding devaluation, always held that the 650-700 mark is a point where the average Nigerian begins to lose hope in the currency- A point if not well handled will make things spin out of control.
The government has made multiple interventions at this level over the last 3months, that's why the rapid rise to 830 is concerning but not totally unexpected.

All said, I've traded markets enough to understand the psychology behind certain numbers. When a market rallies to 8.3, it's tends to be a matter of time before it hits 10.

Who is playing doge?
So far, it's been respecting levels against betece

I can see paid employees chorusing 'congratulations '

Useless awards... aka pay as you go

IDeyNL:
Is it Shymexx

Can't remember the name again... but he was quite popular then.. bragging about Peckham, talking down on Nigeria and how our healthcare workers would not survive a day in the NHS. In his mind, the UK was for the 'elites' only

I'm sure he's somewhere now chorusing 'migrants are taking our jobs'

Perhaps, there should be a cap on the number of kids non-uk born folks can have.

Why should the fertility rate of a non-uk born mother be higher than her uk-born counterpart?

https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/livebirths/bulletins/parentscountryofbirthenglandandwales/2021