₦airaland Forum

sisisioge:
Whew! All of you folks that were really "struggling" before leaving naija sef that are currently enjoying the "relief"...its always so hard for you to belief others are not "north east" materials....e no matter sha. All of us go dey alright last last. How your double shift?

It has absolutely nothing to do with struggle. If you have adequate plans and a legal means of migration moving when one is single and free of commitment is most times very rewarding. Our IT folks, heathcare workers e.t.c who leave were relatively well paid in Nigeria. There's a reason why these bright heads leave and very few regret it.

There are loads of Nigerians who are doing well much themselves out there and rising up the social ladder quickly.

Again, you fall into the Nigerian fallacy of class

truthsayer009:
Your points are valid in some areas, but may not be valid when compared to earning 3600 CAD. You didn't actually break down and justify why you aren't able to save more than 200 CAD in a month. You should still be able to save more than that.

I agree that saving abroad can be hard, also it is easier to earn 600k to 1M as a single lady in Nigeria. Usually most people that Japa may not have this knowledge, they might be on a 200 - 400k range. So earning $1400 CAD might sound like a lot to them. If you were earning really well before you travelled, you might be angry with your experience when you move, seeing that you spend more than 30 - 50 percent of your monthly earnings on rent which doesn't make sense.

For example, going by this thread, a lot of people cannot even live in major cities, they have to move up-north where ever they live to be able to afford rent & basic lifestyle, It's like moving from Lagos to Plateau State to just be able to live a normal life.

Aside accommodation, virtually every other expense of daily living is relatively cheaper in a western nation.

Talking about major cities and using UK as the example the person used it's certainly not equivalent to plateau vs lagos. In the UK, the difference between different areas are not as with Nigeria. Once again, this is something you'd fail to grasp if you've not lived there. If you're able to retain your income outside the big cities, then leaving the big cities is a very sensible thing to do.
You'd get better accommodation, better transport, safer environment, better schools, better environment for kids out of those big cities. There's a reason why many white folks leave/retire out of the big cities when they've made good money except they're in very prime locations. With covid, most who can now work partly from home have left the big cities to live a much better life in the surburbs.

sisisioge:
See you with your caustic mouth, na everybody no go school because you dey Canny ba? By the way, no be rumour, na experience I share. As if you no go pay tax and your bills are limited to that....before we start with the loans you're servicing. By the way, when I dey naija, a lot of my circle were earning way more than $1400 per month....don't use your limited experience to judge others. Na survival make crayfish bend biko.

When people abroad say someone earns 3600 a month, what they mean is take home pay after tax. Aside accommodation (which is same for all developed nations), most other expenditure -food, clothing e.t.c are relatively cheaper.
It's much easier for a single person to live a reasonable life and save on a good pay in Canada than it is in Nigeria.

sisisioge:
I said let me add this....how will one add that one bought a winter coat for almost 400CAD? Isn't that from the same little income? That's like crazy!

Lol... It's quite clear when it's google search someone is relying on.
Like I said earlier, clothing is hardly an expense you take note of in a developed society. The clothes people buy as okrika in Nigeria are clothes which have been given away or discarded.

yusfaith78:
I have been on Nairaland long enough to know that some people will sleep and have a dream that the have a good and job and big money then they will wake up and come online to drag about what they actually don’t have. I just ignore them. To prove my point look at this one that has been condemning people that relocate to the UK.

Interesting... quite typical of such toxicities.

What I always find intriguing is that majority of those who keep mentioning taxes and bills have not even left the country. If you read posts by those working and earning abroad, they're not as bothered cos they know the benefits of paying the taxes are very well worth it and add up at the end of the day.

ednut1:
so how are nigerians saving between 20k to 80k dols for down payment Once you get a good job and live within your means. You will be able to save.Many of my friends are doing 1k to 2k savings . i have a married friend who are doing over4k a month savings o. If you are doing hustling jobs and overtime you will save more than that. But the average oyinbo saves nothing, they spend all their salary

There are a good number of Nigerians abroad doing well. Alot are increasing their housing portfolio quite quick. Some came relatively recent and are yet to get permanent stay even but are doing well for themselves.

As with everything, there are always different sides

yusfaith78:
Thanks…… I’m old enough to know who to argue with. I just feel like I should share my experience for those that might need information. I noticed most people that condemned migrating to US, UK or any other western countries are those that have never actually lived there. I believe in giving correct information

True.. A good number who keep screaming 'bills' have not stepped outside there

zamirikpo:
Hello.....I know this must have been discussed here by....but with over 2000pages ,it'll be difficult to trace.

Well my concern is with this TB investment and the capacity of this government or the next to payback. I know govt can always print money but at wot point is it impossible to continue to print.

Nigerias debt profile is brutal......loan repayment is over 80% of our revenue.

I'm just concerned........uncertainty is too much

The CBN shouldn't have issues repaying debt denominated in naira.
TBs and Bonds are still about the safest domestic investment vehicles. If there was concern about the TBs defaulting, then you'd have bigger things to worry about

As of July, our debt to revenue ration was 118%. i.e, the only way of meeting up is by borrowing more (i.e a ponzi) or printing more money. The foreign denomi debt is CBNs headache as they can't print forex.

The real concern (which has been raised here before) is about the actual return on investment. Since the current turn of inflation + devaluation which has been ongoing since 2014, I have struggled to see any well established local investment vehicle that has given positive ROI when seen in real terms.

@op were you still able to subscribe with an atm card? I gather most cards don't work with Spotify

Miracood2:
A 22 years old is not a minor

Read my post again..... This time, slowly.

ogakamwu:
Please kindly advise me if it is okay.

I am a guy of 35 years considering a lady for marriage who is 22 years.

Please is it okay.

You are free to criticize.

I just want to get it right.

I'm more concerned that a 35yr old man is looking to get the approval of unknown folks for something as minor like this. You are both adults. Don't live your life based on people's opinion

May she rest in peace

Shamefully bigots have turned it to an anti-Igbo matter. What stops you from buying items from your trustworthy tribesmen?

Same story since 2019. Now it's been moved to mid-2023. Same time the budget on subsidy is due to end.

It seems Dangote is waiting for petrol subsidy to be removed before he start his refinery. Thats deceptive after getting cheap forex from emefiele

One thing people fail to ask- why are the number of marriages in western nations at an all time low while divorce rates have remained very high despite several moves by the government to counter this trend?

Is it that white men don't like good thing or they fail to see the goodness newcomers like the op see in their ladies?

People who reason like the OP are largely those who have never left Nigeria or who have just arrived in a western nation with less prospects at longterm stay hence they see kissing ass as their only route to survival. Most of them end up singing a different song after several years. In their 50s, they'd be the ones hustling all their relatives in Nigeria to help them find a wife.

In all, a good man/woman is not limited to any country or race. Find your heartthrob where you see fit and refrain from insulting your kind.

var... hehe.
red card cancelled

SeaTrade:
There are some truths in the movement,however some bitter ,frustrated guys In it bastardise it with their arrogance.
Men can't Do without women ,likewise women can't do without men.Both parties are to coexist together for life to work.
Where a lot of people find issues is understanding how to deal with the other gender.
Women are great tools if you understand them,they will give you access(use this well and create comfort/wealth for yourself) even to your fellow men on a platter that on a normal day you dare not go close to or be caught alive 10miles close to them unless you've gone through the ranks to eat at their table.
Learn how to use them and you will see yourself achieving great things in record time.
But if you continue your woman hating and arrogance in your cubicle thinking you're little voice too matters then sorry,you go dey that trench for a long time.
I normally don't put mouth in this their women bashing and extreme theories,but I just felt like educating an aspiring mind today.
Cheers.

Are you not the one who listed the number of underage girls you've supposedly with like it was an achievement? And same person who described women as 'useless'?
Calling a women tools says so much about your thinking faculty

@mods... such threads should be closed.
It's against rule 2 and 3

Nonam:
I am a 29 years old guy. To you, I now sound like teenager just because I have different views about relationship on (white and black women)

If you like Nigeria babes, does it mean I must like 9ja babes too?

A popular black man by the name Tiger wood, married and divorce a white woman, yet he continue to date only white women. He knows that he cannot endure their black dramas.

Leave me and my opinion alone. I'm in love. I am marrying my white bobors asap

Your excitement about white ladies is like a teenager that just had his first his first love.

I have no issues with whomever you want to marry. You could marry a stone for all I care. I have achieved enough to make my decisions on marriage on what I have experienced and see fit and not on what someone who I know nothing of is doing.

What smirks of illiteracy is insulting your female folk. I say illiteracy cos basic education ould teach you that if Nigerian ladies are truly useless, it's either because their parents who brought them up are useless or the genes of their parents are useless. Simply means, Nigerian men are equally useless. When you understand this, you'd know better than make some statements cos the white woman you're trying to please would see you as bottom rung.

Nonam:
Well, I will not argue with you. But as long as I don't cheat, I have no worries. It is better I have dual citizen than to have nothing in dating your sisters who have nothing good to offer me.

You sound like a teenager who just had his first sex

A man who insults his kind is weak. Most successful Nigerians abroad are married to Nigerians. Most folks who end up in your stare because of papers end up running out in their 50s (if they're lucky) after years of abuse to go remarry Nigerian ladies. Having travelled round, I'd pick a Nigerian lady many times over.

@op @TrendyBeatz
I wonder if you thought twice before providing unofficial download links to someone's songs/album.
Also wonder why nairaland and mods moved it to the frontpage without taking out the links. It's theft of intellectual property

Which majors are oversold and yet to pop?

Ada? Sol?
Ada tends to have an inverse relationship with eith...

Defi/eith linked tokens also look poppy..

Matic,Aave, Uni...

Matic at 1. A flip should first bring 1.2 and hopefully 1.8

jedisco:
Partly missed the move on eith, etc and ldo... If an opportunity avails, I'd get in. As eiths merge nears, good chance they rally into a selloff....

Eith has shown immense strength which is good news for alyts. The merge is about a month away. I still believe it's a sell the news event but longterm bullish for eith

Was able to get into LDO yesterday at 2.5. Aim is to take profit at 3.8.

ETC has been consolidating around 40. With Eith already moving, good chance it could reach 60

Betece dominance.... interesting spot...bounce or die...

Stuff has behaved weirdly of late...

Die= good news for alyts
Bounce= more tears

Anyone knows why bnb is showing strength?

It has one of the best fundamentals against majors.

Also, how will this affect select bsc tokens?

Good day fam... how una dey?....

Been sometime off the market.... back to the grind

santos123:
I have been waiting for ibime or jedisco to say something about this small moves made by BeTC.

Market has been largely slow with not much short-term opportunities hence I've been focused on other things. Was partly caught in the drawdown too. Coins have moved mainly sideways for a while but it seems a bigger move is getting close.

In recent weeks, aside buying some bitc0in at 19 and 19.5 k to keep for a while, I've made less moves lately...
Took a small move on Ape at 7... tight stops...

Partly missed the move on eith, etc and ldo... If an opportunity avails, I'd get in. As eiths merge nears, good chance they rally into a selloff....

Bnb is has attracted my interest.... A major making a new high against betece is a rare occurrence in a bear market

ojesymsym:
How and where?

Not very conversant with the process but I know some local fund managers do offer FGs eurobond. Some also offer usd denominated bonds.

Vote4ObiDatti:
"God help our country" indeed, when you're also part of the problem. Nigerians will use naira to buy dollar and hoard it. Some will demand for dollar officially and sell it in the black market. All these are rent seeking activities that sabotage the economy.

Why not look for ways to earn dollar legitimately instead? If you want to hedge against inflation, you can buy lands.

The kneejerk reaction by consumers who are speculating is not the reason we're here. Rather what they're doing is a consequence of past macro events.

When CBN was rapidly issuing short-term TBs at rates well over 10%, did we bother to ask how the government will generate revenue to pay back? We all knew the revenue of the government was in decline and the only way they'd pay back was to print more naira yet we kept quiet and enjoyed the largesse.

When DMO and MOF kept issuing eurobonds at rates of close to 10% and coming back to boast that their oversubscription means there is confidence in the market, what did we say? We said the professionals know better. Same forex that foreign governments borrow at negative rates.

Where was CBN when Emefiele was toying with the presidential race?
Where was CBN when dollars were bring distributed in the name of primaries?

Blaming the masses is similar to blaming the victims of the train attack for being kidnapped. Let everyone protect their wealth as they see fit so long they are not committing a crime.

Iscoflexxman:
*Eversend=71naira = 1 cidis is their rate

*Create and fund pyypl account, (its like buying dollar??)
Check dollar - cidis rate and send.

*PayPal

*skrill



Many more


Be careful,
Always use escrow


Make your research, knowledge is power.

Thanks

StrafordSTONES:
Hello Jedisco,

Please have you any idea if there is an option for locked staking on Binanz...I want to lock away my busd for a long time without being able to break or have access to it until expiration of the lock period.

There's option of lock staking.

Usdc and busd have the most trust in the market as they're properly backed by cash/cash equivalents and properly audited.

The recent drawdown in crypt0 has caused somewhat of a contagion that has affected some major players. Reason I say this is cos with locked staking, the security of your coins is dependent on the platform (Binanz here). It could be a single point of failure.

If investing good sums, it might be worth staking it across platforms.
Also, other forex denominated instruments are a good bet..e g foreign bonds.

rmx:
Well said , I have come to adapt very well to periods like this since I live in nigeria . The only thing I love better than holding dollars in times like this , is holding stocks of goods I deal in . Very interesting times , the pain won’t stop anytime soon , besides there is world wide inflation

Numerous knee-jerk moves by the cbn in quick succession played a good part in this jump. Let me see where the rate stabilises but for an economy heavily dependent on imports, you could expect goods to begin their rise from next month.

In such times, if opting to hold goods, I prefer to buying items whose price is directly correlated with the usd rate. The fact is one doesn't make profit with such moves, all one achieves is protecting their purchasing power.

chauder:
This is one that FG debt servicing is more than revenue, Gurus please what's the faith of our monies in FG TBills and Bond. Is there a possibility of default? or delayed payback?

Not a guru... I don't see an issue of default with TBs and bonds. They're denomited in local currency and the government would print money to pay up just as they've always done.

Most of the money used in settling TBs in the past was not from generated revenue. Reason why we should have questioned the high rates despite the instruments being oversubscribed. The effect of such reckless money printing is what we're enjoying now.