₦airaland Forum

004gist:
No one forces u.. So u guys should keep ur opinions to ur selves

You are losing it, keep it together rude boy

004gist:
Even if u invest in productive ventures.. You still can't recoup the funds in few years. It take several years to breakeven n that's even if the business doesn't die off.

House is a sure investment. A place i bought n wanted to build a 2 bedroom is going for 850k per month.

So investment in this sector is a nice investment

Not several years if you invest in business. And of course, businesses have their own risks too. The point is that you and I might channel the same amount into different things. As for me, I'm not building a house or houses for rents

ZACHIE:
Hmm.

Don't listen to that nonsense o.

Build that house, bro.

In all you do, retain value for that 70m million. Don't save it in a bank. Be careful which business you do with it.

That house will retain the 70m come what may for ever.

And it is poor thinking saying 350k/annum is what the rent will be in 33 years. Who taught you business?
The house you are living now, how much did you rent it last year, how much is it today?

Build that house. Retain the value of that money. Stop listening to BS.

The hit the Naira took in 2 years should make you learn a big lesson

You don't have to keep it your account, look for low risk businesses/investments. Low risks means low returns but far better returns than yearly house rents

004gist:
The recent campaigns against investment in building is demonic. Asking those who are away not to return home to invest is demonic.
When i wanted to travel someon had to buy my land and that person happened to come from abroad.

People buy lands for various reasons. Op is specific about what he's saying. Nobody told you not build a house or invest in real estates but just that you should think about it if you want to wait for like 20 years and above before recouping your money

Goodnewsforlife:
between a fallow land and a building

Which of them have appreciable value more in 10 years to come?

Buildings depreciate with years just like motors but at a slower rate. What makes buildings look like they're appreciating is the plots of land upon which they are built, it is the land that appreciates, not the building. Buy multiple genuine lands instead of wasting money on a single land.
Though, the high rate at which naira is losing value also makes building and motors appreciate which ordinarily is not a normal economic principle

aicon4s:
I used to have this mindset painted above until I had the opportunity to discuss with people that own such properties.
One of the best collaterals you can have as a business man is a landed property with a CofO.
With that 2 or 3 storey building worth 150Million you can have access to loan of up to N500 million.
The owners of those properties don't care about the Return on Investment (ROI) on the property, they see it as opportunity to access loans. That's why if you go to places like Onitsha and Aba you will see so many high rise residential buildings. Most of them have been mortgaged for loans.

This is also a good reason. And in that case, it is still a business strategy but not for just house rents

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

Are you going to sell it in 10 to 15 years time? If not, it is a still a waste of resources as stated by Op

SUPERPACK:
And you invest same 70 million in XRP crypro coin a month ago you will have 500,000,000 by now.. So you see there are even bigger risk than bonds. My question to you is why did you ignore crypto that is faster?

You mentioned that crypto is a bigger risk and you still asked why ignoring it? I hope you, yourself understand what you meant by bigger risk

jmoore:
Spending 70 million naira to build a 2 story building 3 bedroom flats.

Put the rent at 350,000 naira per year for each flat in a location like Aba, it will take you more than 33 years to breakeven.

House for rent as an investment is what your children will enjoy, not you.

Use your spare money to build if you have excess cash.

If you have 80 million naira in your account as a young man, don't use it to build that story building. Reinvest it in your business that gave you that 80 million naira.

You can buy land, but don't build until you have at least times 3-4 of the building budget in your account.

Everything you said is spot on except that part highlighted by me. Not necessarily to reinvest in the business that gave you that money. Sometimes, it could be gambling, a gift, inheritance. Sometimes, people want to divest and sometimes, people want to move away from their current business for a number of reasons.

richiemcgold:
Although their names are not revealed, it is 💯 certain and sure they're not from southeast.

You don't know that

WowSweetGuy:
2 female hajiya & 2 male mallam

If South easterners now una go put the names bold am sef but now they are northerners u no put names

I wish them justice tampered with mercy. Na money dem dey find... Dem no kill anybody

Laughing. You might be surprised after hearing their names

Goners

DeLaRue:
It is easy to be a CBN Governor when times are good ala Messrs Soludo and Sanusi.

When times are good, lol. They were good at what they do. Plus the fact that they had bosses that listened to their advices on economic policies.

No Nigerian CBN Governor in the last 50 years has faced the difficult economic circumstances that Mr Cardoso has faced since he was appointed.

He may not have the bravado of some previous CBN Governors, but he has quietly proven himself as being super competent.

Let us hear word! Economic difficulties that he and Tinubu, his boss created with their newly introduced policies, right?

SalamRushdie:
Someone that wrecked GDP from 300bn dollars to 190 bn dollars in one year ?

Someone that wrecked GDP per Capita form $2500 to $877 in just one year ?


Some that caused egg prices to jump from 2500 to 7000 Naira in one year ?

You say he knows how to assemble the best minds ? You are not ok 😅

Well for those wondering why the Naira gained here is the reason:

1 Diasporan have started arriving in droves for the Christmas festivities and they are all looking for Naira to spend so they are changing dollars .

2 : Diasporans that are not coming for Xmas have also started sending dollars to their loved ones so they can shop for Christmas early.

This is what is responsible for the Naira gain and not any Tinubu

You didn't read the report to the end, you should good back and complete the reading

jamafa:
Nah unah dey use mouth inflate price of commodities 😁

Where U dey buy egg 7000 for a create ??

U people will destroy the country with propaganda.

Always happy when it's negative news

I'm not supporting him as I'm going to quote him later and disagree with him on another point he made. But on the price of egg, jumbo is now N220 per egg, medium/small is N200 per one. I think you should multiply each price by 30 and tell us the answer. Tinubu has destroyed our economy

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

Edit: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value.

You and your bdc don't know how to read: The introduction of EFEMS by the CBN appears to be driving transparency and efficiency in Nigeria’s forex market.

The platform, which consolidates all forex transactions into a single market, has now delivered gains for four consecutive days, further narrowing the disparity between the official and parallel market rates.

You think it is a coincidence? And how many abroad based guys in your area have arrived home for Christmas?

Jagabanbattle:
I believe Nnamdi Kanu will be released at the end. There’s always presidential pardon in every Democracy. Even Biden is pardoning everything even his kids future sins.

I guess he will be held pending time he has something positive to offer. Maybe 2027 with whatever whatever.

Because enough police officers haven't been killed based on his orders, right? More wives and children of police officers need to be made widows and orphans respectively, right?

Amumaigwe:
Just because he is 90 years, all corners should be cut just to pacify him even if he is guilty. This Yoruba obsession with respect for old age is very funny. You guys forget that fools also get old. You don't also consider the respect for the age of your victims when you want to use them for ritual.

He's guilty, there is no doubt about that. And there is nothing wrong or unlawful with accelerated hearing. Accusing lawyers and judges involved in the case you lost for your clients of bribery or corruption without evidence!

He clearly called them corrupt elements, only that he didn't mention any names in particular. But he equally accused the supreme court judges that handled his firm's case against Afe Babalola's of being corrupt, that was a direct and specific allegation. That man needs to be taught an unforgettable lesson

A lost case, no be today national lawmakers dey decamp

What is their plan for increased revenue?

Where were the parents during abortions that they are just disowning her now?

nairavsdollars:
Husbands dey. Na you dey find one true love

Dating groups on Facebook, ladies and women dey snub guys and men, yet they would be screaming that they need husbands.

What about the best male graduates, the potential family heads and breadwinners?

Inaa lillahi wainaalillahi rohjiuhna

Acidosis:
To a proper Muslim, it is Islam first before the "conventional culture" or ethnicity. To a Christian, it is ethnicity, nationality, and culture before Christianity. Christians may not admit this fact, but that's the reality. Check the percentage of people who often oppose religion-based names, it's often the Christians who believe their culture comes first before any religion.

In Islam, religion is interwoven with culture. So, you'll often find a Nigerian Muslim, an Indonesian Muslim, and a Togolese Muslim prioritising the same name for their kids - Muhammad. Nationality is secondary.

Muslims from all over the world will come into your country and, while you're busy fighting their religion (mosques), they are actually taking over your culture and nationality. Islam is not just a religion but a culture.

Christians count their spread by the number of Churches they build. Hehehe. Muslims will build only one mosque in a city and still have more population than Christians and their 1,000 worship centres. That's what culture can do. It is a way of life. They carry their religion everywhere. It will show in their names and even in their manner of dressing, something modern Christians - who want to worship Jesus and still do onlyfans - can't do.

Even on the foreheads. Thanks man

Godblessme1:
Oga rest why is the Christian God so weak when it concerns the defending of his church?


I'm a Christian I think of this everyday. A time will come the whole world will be destroyed by Islam and it's coming near.


If you know the sacrifices of the apostles in the middle east , how they preached and shared their blood to make sure Christ reaches the middle then after 600 years Islam came and destroy those sacrifices the apostles made.

Irag, Syria, Lebanon, turkey(formerly called Constantinople) was once all Christian nations, Islam came and sweep all away, killed almost all Christians for over 300 years. Jesus did nothing.


Same thing happening in Africa right now, I'm a Christian somethings I hate the teachings of weakness of Christianity. We're made to be seen as sheep without defense, this is what Islam used to fight Christians.


Enough of the teaching of slapping me and turning the other check, it makes Christians so weak. Today the European are weak because their strong men and rulers who where once Christians are now atheist.


Christianity is too weak something must be done or in next 100 years there won't be any Christian strong community in the world

May be you should start by encouraging Christians in the affected countries to start by going to churches on Sundays because most of the churches in those country are now locked up permanently due to lack of worshippers

MadamVanessa:


Hahahaha , I laughed because the conquest of England seems inevitable due to the growing Muslim population there. I attribute this to the 'wokeness' of modern England. Some might label my views as hateful, but I believe a prudent nation prioritizing its citizens well being and progress would exercise caution when allowing large scale Muslim immigration.

History suggests that when a minority group outnumber the native population, respect for the indigenous culture often dwindles, and conquest may become a strategic objective and this has always been the motives of Muslims.

England please be careful, Muslims are not to be trusted, their sting is worse than venomous scorpion or puff adder sting.

At first, you mentioned Muslims which means that you are talking about religion. Then you mentioned something Natives which has nothing to do with religion. You are clearly confused on the subject because you are discussing two different subjects.
The population of Muslims growing in UK, Wales and USA is more than about Muslim immigrants only. You can clearly deal with that by controlling your immigration policy but what you can't actually deal with is the NATIVES who are embracing Islam. That's why I said that you are confused by discussing two different subjects

EmptyGarden:
It happened in Turkey… now it’s happening in The UK before our eyes.

Eeyahhhhh! Sorry. I understand your pain and the subsequent helplessness

MadPolitician:
They're now using federal forces to say who is going to lead the emirate in kano? Is Tinubu trying to impose his own Emir on Kano people?

And you are complaining on behalf of Kano people

Sanusi is an impostor, he should stop ridiculing himself and vacate the seat

Una Just wan kil EFCC, corrupt elements.