₦airaland Forum

ahiboilandgas:
meaning people with foreign income (exclusively)should not invest in local income generating aspect

They can/should but exchange rate risk should be factored into it especially when the investment is in a developing country.

ojesymsym:
If we keep doing this direct comparison, the person will just have headache. Best approach for now, use your forex investment where you are and only naira investment for naira.
If the money you used to build that property was in Naira, and since then you have increased rent from 500k to 800k, then nothing to really worry about.
But you sef, u wen na Abuja u mostly de, why rent a house in Lagos that you do not stay in all the time, do you have other people living there?

Gbam. I always wonder why this comparison and conversion is always done. Anybody investing in a foreign country should always factor in exchange rate risk into it. If the owner of that property was in Nigeria, he would not be bother about exchange rate if all his spendings are in Naira.

ojesymsym:
People who have never handled a cutlass much less cut a blade of grass will never understand why and how difficult agriculture is even cattle rearing. That is why they can easily believe the high returns.

No mind them. When a farmer looses his/her harvest, it takes a minimum of two years to recover and that is if nothing bad happens again.

Greenvaiper:
In January when they advertised their grass cutter cycle, I looked at what they were brandishing as their indices and I wasn't satisfied. I warned people on the digital agric thread concerning investing in that particular company, but I guess when people hear mouth watering ROIs with no basis, they allow the greed in them to determine their actions. It's so sad cos the CEO of that company is on AWOL

If the CEO is on AWOL, are you sure he has not relocated abroad?. With the money he collected from people, express route to Canada no go hard am..

SMJay:
Sir, why not state it here?

Done already.

DexterousOne:
Did any of these groups you listed suffer slavery for 200 + years, suffer jim crow after being set free for another 100 years, and mass incarceration and war on drugs after civil rights were finally put in place to end Jim Crow?
Not to talk of red lining, credit discrimination and other issues that they faced?


I'm telling you this
If Nigerians went through the same
Our society would even be worse than theirs.

These were years ago. Are the present generation still suffering all these you mentioned?. They need to come out of that metal block and strapped their boots on like others. America is a capitalist society.

Nwokeomajayb:
Both words are quite different with similar meaning. Check the words up before you slander someone else. You see I used slander which is synonym of denigrate.

Likes of Martin Luther king and so; fought a good fight. I respect that but where are the children now? A Nigerian will travel to America in 2 to 3 yrs he will be doing great far more than most black American citizens.

Most black Americans doesn’t want to do anything. If you can’t be somebody in America leave the damn country to another place simple

Few of them are miserable and decided not be educated. It’s all about quick cash. They live rich and die broke, which is mostly black people thing.

I have asked my classmates in the US several times why this is so. The black Americans keep complaining of years of slavery that was abolished several years ago. The Jews came there and prospered. The Italians came there and prospered. The Asians came there and prospered. Now the Latinos who can barely speak any word of English are now coming and also prospering. Instead of being challenged by all these, they keep blaming Africans that sold their ancestors to slavery centuries ago and also the whites that bought them as slaves. Meanwhile, they have opportunities there with access to free education. Instead na fast bucks through drugs, prostitution and crime they want to be doing.

ojesymsym:
Loyola Jesuit, Abuja is not your typical private school where parents can go and intimidate the school authorities and the teachers. When your kids get admitted into the school, the students go through an orientation process as to what the dos and don't of the school, at the same time parents go through their own orientation program.
There is no tolerance for "Do you know who I am" attitude from any parents and like you said, the main challenge is even getting your ward to be admitted because of the highly competitive entrance admission process.

This is not peculiar to Loyola. It is the norm and standard in all catholic schools.

pluto09:
I hope you have not forgotten some of the things you posted earlier.
You said there were good schools that are not very expensive. Now you mentioned Loyola as one of them and you are turning back that you don't know what they pay as school fees. If you don't know the fees,why did you say they are not expensive

'Not very expensive' is relative. What might be very expensive to you might not be very expensive to others. That is why i added it. These are private schools and not public schools. I doubt private schools are free or cheap abroad like public schools in the same abroad. So if you can put your kids in a private schools abroad, then you can afford to also put your kids in any of those private schools here including Loyola. Fees is not even the issue in Loyola. It is passing the competitive entrance and interview. They normally admit 100 students. There is no midstream admission even if some students drop ou midway. Thousands take part in the common entrance every year with examination centres in US, UK and Canada. The interview for those that pass the common entrance normally span 7 days or more.

Nigsrdumb:
Bro today's Nigerian youths are lazier than your average black American.

In fact u copy the worst of them.

Betting , drugs, degeneracy has become the order of the day .

There's no political consciousness or any movement to change things yet you think you're better than the black American who fought an oppressive force for hundreds of years.

Plus why do you feel so entitled to oyinbos lands?

They see u how u see urselfs and want none of it.

I saw a post somewhere that somebody staked 960k for Aston Villa vs Arsenal match hoping to win 1.9m. Arsenal now lost. Na so the 960k just take lost. That person will now come and say country is hard.

pluto09:
Most of the schools you mentioned are not cheap o.
We all know Loyola Jesuit is good but can you tell us how much students pay per year.

I do not know o. Google them and send a mail to them for the fees. They will oblige.

XiaoLi:
Can you share the list here, im sure many people would like to see it here rather than sending pm

Ok. I no want chop ban as you never know what spam bot looks for.

(1) Loyola Jesuit Abuja (full boarding mixed)

(2) St Gregory's College SW Ikoyi (Boys only day and boarding)

(3) Holy Child College SW Ikoyi (Girls only day and boarding)

(4) Lumen Kristi Uromi, Edo state (Boys only full boarding)

(5) Presentation National High School, Benin (Girls only full boarding)

(6) Christ the King Catholic College(CKCC), Odolewu (Boys only full boarding)

(7) Louisvile Girls High School, Ijebu Itele (Girls only full boarding)

(8 ) Atlantic Hall Epe (Mixed full boarding)

(9) St Francis Catholic School, Idimu (Mixed day and boarding)

(10) The Lagoon school, Lekki (an Opus Dei school for girls)

(11) Jesuit Memorial Port Harcourt (full boarding mixed)

(12) CKC Onitsha

(13) Marist Brothers Juniorate Uturu Abia state

(14) Whitesands School Lekki Lagos (an Opus Dei school for boys)

(15) Ambassadors college Ota (This is owned by the parents of the owner of Nairaland)

etc
etc
etc

NB: There are also several British and American schools but you have to pay in foreign currency for those. That is why i did not include them

fireback:
recommend one for us

Iam a fan of the missionary schools especially catholic schools. If you are interested in that, pm me and i will give you a list. You can indicate your state of preference.

DexterousOne:
I'm not saying that there are not such schools in Nigeria

And I'm not underating or over rating anyone

What I'm saying
Is that

A man who is earning 500k in Nigeria after a stint abroad with wife and kids cannot send his three kids to a school commensurate with what is obtainable abroad


You are earming more than 500k a month
That's for sure

You know it
And I do

If that was not the case

How will you pay house rent and utilities and other Bill's plus school fees of three kids on N6m per annum

Nwanne it will not work

Prioritize. Cutdown on frivolities. Prioritize the kids education. Secondary school is just 6 years. Schools in Lagos are generally more expensive because Lagos is a state as well as a city. Outside Lagos, schools of same standing are way cheaper.

Cyberknight:
I agree that top-level Nigerian education is good, never siad it wasn't.

However, for many parents who send their children back, it's not necessarily about the education, some parents bring their children back to acculturate them, let them learn language or culture or simply understand that the place whence their parents came is a difficult place, so they should value their lives in obodo oyibo and max their opportunity to the fullest.

So you think if there are no top level schools that provide that and good education, the parents will bring them back?.

DexterousOne:
What good school will you send your three children to, that is commensurate with what they are used to abroad

That 500k per month monthly salary can power up


No think am.


It's a different case if you are coming back to Nigeria to START A FAMILY

In that case what you suggest can cut it

But uprooting three kids
And putting them in mediocre schools

It wont end well

If you know, you know. My son in SS2 has four classmates that came in from abroad. Two were brought in from Canada, one from US and one from UK.

This academic session, my daughter's school had to create an extra arm because so many parents brought their kids from abroad and they passed the competitive entrance and interview.

So you think those parents do not know that such schools compete favorably with schools abroad?. You underrate Nigeria a lot and overrate abroad. Na small Covid-19 happen and almighty US started fighting over toilet tissue.

Btw, have you ever heard of a school called Loyola Jesuit, Abuja?. Parents abroad struggle for their kids to get in.

Google about the girl that got the highest in JAMB this year to know about her school.

DexterousOne:
If you have a wife and three kids

And you bring them back to Nigeria


500k a month wont cut it


The kids have to be in good schools
Commensurate with what they left behind

My opinion sha

Who told you?. There are good schools that are not so expensive.

DexterousOne:
I never felt at home in Nigeria

And I dont think I ever will


The environment and mentality and thought process of the people here

I just cant deal with it


Everytime I return to Nigeria

I'm like again
I'm looking to make the move permanent

Different stokes for different folks. I hate abroad to nonsense. I once went for a training in New Zealand. After the training, the company wanted to retain me so that i stay back. I just laff tell them say their way of life no suit me. The same thing when i went to London. The kin cold wen waya me for there, i never knew cold fit catch person like that.

ahiboilandgas:
i think 50 percent of people in Lagos have no business been here .....too much suffering

True word but the issue is that such people find it difficult to go back because they will be made fun of as failures. So they stay hoping to one day hit the Lagos jackpot and na so dem go take reach 70 years without knowing.

Nigsrdumb:
Me I'm relocating back to Nigeria. Good luck with your travel aspirations, hope you are still under 30

Relocating back ke?. Abeg, no come crowd the small space for us wen dey hustle for this place o. We no want make you come dey oppress us too o.

Congrats. This is massive and beautiful.

ahiboilandgas:
i dont get u .....sha the expense is more of consumption notting developmental....

Both in some places.

ojesymsym:
if the payment is a one time one, how do they continue to make money from it when it becomes full?

Do not have any idea.

IamR:
You don't mean it.

For over 10 years now self. Prices differ as it depends on what you want. In the private cemetary, you have a hall for the funeral service. You just need to bring your pastor or priest and conduct your service and straight to the grave already purchased.

emmanuelewumi:
Funeral service is now a big business in Lagos. People pay for their caskets 20 years before they die. The companies even have halls for funeral service, they also have clergymen who they use for their customers. You don't need to get from your church or mosque

There is now private cemetery in Lagos.

ahiboilandgas:
yes

I suspected. Iam also suspecting that the children do not visit or go to the village and maybe the parents also do not go to the village. Because of these, the community most times tasks the children to contribute to the community because they will never see them again. The burial is a once in a life time opportunity to get them to contribute. It is people and money contributed by others that is used for community development. If such was not done, dem for no even see any footpath to carry the corpse pass to the community. I always advise people that do not go back to their community that they should tell their children to bury them in their place of abode instead of taking them to the village for burial. Village is not only for burials.

ahiboilandgas:
Please can some explain to me the rationale behind huge burial expense in edo state or southern Nigeria ....my friend is about to bury his mum and expense is currently 3.9m but his sisters are still requesting another 900k to buy 3 cows ....it is a norm or they are trying to extort money from him since he aboard....

Which kin burial is that?. I have buried my dad and my mum and i did not spend such an amount.

Btw, was the mum staying in the city and after death was being taking to the village for burial?.

Crazeworld:
I don't know maybe this a stupid appeal but Sirs & Ma's, it would be nice if you don't reveal cash transactions on this thread. Not only for the fear of being prey to scammers (I believe they're present here as well), but so you don't discourage young folks like myself by the figures you call. Madam Sholapey decline at a certain offer almost made me lose my hold on my keypad

Such figures should motivate a young person to start investing early instead of such a young person getting a new job and the first thing he/she does is to go and buy the latest Iphone and be taking pictures and posting on whatsapp status update.

.

.

Mapple90:
Could you give me the list of the banks, thank you.

Call any bank or call your bank to find out the rate.

Mapple90:
Sorry guys, i don't know its no longer viable. What are the current savings rate please?

Some banks do minimum of 30% of MPR.