₦airaland Forum

Ugosample:
How far you na

Ugosample:
Is that the actual returns for the balanced funds

WhichKindWahala:
I submitted a request at GTBank on Tuesday.
But I’ve not been notified of anything till this moment .
Please tell me how it normally goes
Anyone
Thanks �

Agbaletu:
You just need to calculate very well. Once you see an area that has the potential for development, just lock your money there. I miscalculated in one of the plots that I bought somewhere in Ogun, but the one in Abuja is appreciating every month. The one in Nasarawa is depreciating everyday.
Sometimes, you can have your fingers burnt. I bought a plot in 2010 somewhere close to Abuja in Nasarawa State, I was shocked when I learned that the current price of a plot in that village is just 200K. I bought it for 250K from NSCDC Cooperative.

ahiboilandgas:
they both good...have a mix of the 2 ...real estate then to battle inflation and devaluation better and can return some very crazy percentage ten fold more than any security

awesomeJ:
Depends,
Like ahiboilandgas stated, if your location still has some potential developments in the near future, there could be huge capital gains. But for places already developed, say gra, the likelihood of capital gains is slim.

What I consider to be the greater downside is the fact that it could be difficult to hold on to cash. I mean there'll be tendency to just spend, especially since it's family funds as you have stated.

It may be better to buy 10-30year bond, or stocks when prices crash to push dividend yields to c.15%. You'll get annual dividend payments, and there could be capital gains that'll even double your capital.

You guys will have steady income to even pass down to the next generation.

Comeandcollect:
The advantage of T-Bils over Real Estate v The advantage of Real Estate over T-bills for small/medium/high scale investors


T-bills v Real-Estate
1. T-bills yields upfront interest i.e you get your interest payment straight away and use it for other purposes.

2. It is guaranteed 99% you will get your capital back upon maturity.

3. The period of interest payment is fixed i.e if your interest at purchase is 15 % , it stays the same.

4. You tend to have a physical asset i.e a house whatever happens and be known as landlord.

Real Estate v T-Bills
1. The risk of buying a genuine plot of land to develop without being duped by dubious Nigerians is 50%.

2. The estimated purchase price of a piece of land increases drastically after paying fees, entitlements, commissions etc.

3. On average it takes two years to develop a piece of land to living standard in most parts of Nigeria, within two years T-bills investment for any investment must have yielded a lot money.

4. Problematic tenants that owe you rent after paying two years advance payments destroys the initial aim.

5. Your only asset is your capital.

rentAcock:
You finished primary school, took common entrance, finished secondary school, took JAMB, took WAEC, finished University, continued and earned a masters degree and probably doctorate degree, applied for a job, went through the interview process before finally gaining employment as a professor. You went through several years of school, numerous exams and interviews just to land your dream job and probably your only source of income and then you lose all of that because of lust. How will you explain the cause of your termination to your wife, kids, church members and neighbors? For a 10 minute ok maybe 15 minute something, you lost what you've built over the past 30 plus years. Sad.

May konji never me the reason why I lose all i've worked for

Teetopz:
A thread on why PREPAID METER being distributed TO ALL may never be achieved in Nigeria.
After the Nigerian Police, Nigerian Electricity distribution companies are next on the list when it comes to corruption. This has been in existence from time immemorial, just like barracks, many government have come and gone but the deep rooted corruption in the system remains
In April 2016, I moved in to my current apartment. The apartment was still connected to an old meter and there was an outstanding payment of about N385,000.00 to be paid.

This wasn't revealed to me before I made payment for the rent, as usual (that's how they all do)
This became a worry and an absolute headache.

I asked the landlord why it was so and she made me understand that the apartment was not in use for 5years.

I asked how come it wasn't reported to NEPA so they'd stop the billing, she gave me a copy of the letter she wrote to them
So I took the matter up, wrote several mails to Eko electricity company and the matter was on for 11months, note that in the space of this 11 months, I never got a monthly bill lesser than 24,000.00

You want to ask if I have a factory in my apartment? No I don't.
So it extended from wanting the company to zerorize the ridiculous outstanding balance in the billing account to fighting and contesting the outrageous billing system which do not in any way represent my true electricity consumption and wanting a Prepaid Meter

The battle began.
After several exchange of mails betweens myself and Eko Electric and no solution was forthcoming, I moved the matter to NERC, the regulatory body for all electricity distribution companies in Nigeria.

I filed a petition against Ekedp and the undertaking in charge of my area.
Lo and behold, after three days from the petition submission to NERC, I got a call from the marketing manager for my area pleading for me to make myself available to allow them come to my house and take inventory of the electrical appliances I use.

NERC is working yeah? Right.
A staff of the Ekedp came to take the inventory and at the end of the computations, we calculated and multiplied each appliance by the estimated units they consume per day and multiplied by 31days.

Recall I said I never got a bill less than 24k in a month?
Then we arrived at a figure that even the Eko electric staff who came to take the inventory opened his mouth and couldn't close it.

What I should be billed based on having 24hour light per day(which is not even possible) in 31 days was 4,800.00

I almost ran mad.
I took a copy of the report, scanned it and attached it to my next petition to NERC.

At this point, the marketing manager attached to my undertaking had started calling and begging me to stop the petitions.

That they could all get sacked if matters gets escalated further.
Then in September 2017, after all the troubles and how I never got tired if pursuing the issue, I got a mail from Eko electricity to come with some required documents in order to fill a form for a PREPAID METER.

I went there and did as they requested

At Last.
On 27 November 2017, I was on leave.
I was at my gate then this Alfa looking guy was parading and trying to see house number on the fence. My instinct told me to ask if he was asking for Ayo, then he said yes

He was the prepaid meter installer, he was with my new prepaid meter
I also recall that before the whole issue started, I was discouraged severally that I can never be given prepaid meter due to the outstanding balance on the billing account, I paid no mind to all the people that said that and went ahead with my case.
I got the Prepaid meter for FREE. After a week, bill was brought and boom, outstanding balance has been cleared from 385,000.00 to zero balance.

How did I achieve this?
I mean I didn't pay a dime to anyone and I never for once bribed my way in all my dealings.
I achieved this simply because;

1. I knew my right.
2. I wouldn't settle for mediocrity
3. I never stopped pushing even after several months and it seemed unachievable
4. I was ready to take the matter up anywhere
5. I was informed.
Now imagine how many people are out there who don't even know how to go about such tedious and draining process.

I learnt that a lot of people even paid as much as 40k to get the prepaid meter. Something that's supposed to be free.
Since the prepaid meter was installed in November 27 2017, I have not exhausted the 303 units that came with it which is calculated to be 7,200.00

And I still have 140units left to use.

That's over four (4) months now
Do you now see why these people will never allow dream of every homes having a prepaid meter become a reality?

Because such development will block all holes where the electricity distribution corrupt members of staff perpetrate their fraudulent activities and corruption from.
They know that they will be forced to give light more in order to generate revenue and will not be able to charge people outrageously as they are currently doing and remitting the proceeds of their criminal act to their pockets.

Stand up and Fight for what is your right.
Prepaid meter is your right, fight for it to the latter.

If you believe that your monthly electricity bill do not represent your consumption, make a case.

If you're in Lagos, Ikeja Electricity company and Eko electricity company are there for you.

If they fail, involve NERC.
That will be all, for now.
Due to popular demand, these are the email addresses you can forward your complaints to -
Ikeja Electricity Distribution - customercare@ikejaelectric.com
Eko Electricity Distribution - customercare@ekedp.com
Nigerian Electricity Regulatory Commission - complaints@nerc.gov.ng

Kindly send details of your complaint to contact@cpc.gov.ng
https://twitter.com/CPCNig/status/1009438818364248064

MrBrownJay1:
good omen my foot! this man was stresssing himself to pay the rent, must have lost countless weeks of sleep over it, stre ss himself out like crazy... yet that woman was saving money for months (if not years)?!?!? if it makes sense to you, then it certainly makes NONE to me.

1234IKECHhukwu:
I pity men that always put their hope on women b/cos they can disappoint u at any point in time,& if ur not careful with ur thoughts suicide might be the next available option.( THEY ARE NOT WORTH IT )

Nigeriadondie:
Question that shows lack of sense or brain dead person

NdiaraIGBO:
How old was she?

NdiaraIGBO:
She has only 1, girl 4 years old. I married her at 38.

I can't do it, too much fear dey make my body weak....

NdiaraIGBO:
My wife is 42 and she wants a baby......

Dripy:
If you have comprehension problem, go and meet your English language teacher and stop showcasing your ignorance here. Olodo

OgogoroFreak:
Why was he shot?

Did he died?

Why did he die??

elopee3000:
rappers are killing them selves who killed tupac and biggie ?his fellow rappers ,white people made two terrible mistakes nunmber one mistake teaching black people how to use gun no 2 teaching arab and Muslim how to use bomb look at it today sucide bombing is the cheapest weapon in Muslim and Arab countries while black slaughter in each other's both in America and africa

Sagemomoh:
The dude already said he was gonna die a tragic death.. it's nothing new.. but I'm having a thought that Drake pulled the hit on him.. they both had some fallouts sometimes back and then Drake dropped a new song a week ago and the lyrics is quite an eye-opener "Jump up out the bed like I’m possessed
I go out on tour and I say I'm drinkin' less
End up gettin' loose and gettin' pictures from my ex
SMS, triple X
That's the only time I ever shoot below the neck (skrr)
Why you keep on shootin' if you know that nigga dead? (skrr)
That's the only kind of shit that gets you some respect" for those who don't know what SMS means.. it is SEND MY SHOOTERS. Don't ask me how I know this. And triple X is XXXtenciacion..
Skkrr is another way of mimicking the sound of shooting a gun.. go figure

abc115:
US & Crimes ....5 &6

Shit Hole Country