Treadway:
Nigerians abroad are NOT the ones keeping Nigeria afloat. If an unenlightened person said this, I could look past it. Will be happy to dive I have kuma dived in

Then again, I might as well just state the FACT I want to state. Diaspora remittance of 20billie is a measly 4% of the GDP at over 500billion. India diaspora remittance that I shared on this thread, or another about a month ago is about 5% of their GDP but you don't hear the Indians saying that is what is keeping the economy afloat, cos hey how can 4 or 5% keep something afloat?? The news you read that makes you guys throw around that figure all the time, you didn't read it in-depth. What that article showed/said is that diaspora remittance is a major source of FOREx to the country, and it stops there! Saying that is what is keeping the economy is not grounded on anything. Also, I have said this earlier too, that when the time comes and we read the report of the capital flight in dollars that the japa movement is fuelling, it will far exceed 20billion. So as the billions have come in to the families that need them, the billions have also gone out on top japa. Estimate how much it takes to run student visa parol in UK for a family of 3 in USD and tell me what that accrues to when you do for Nigerians that have thronged UK in the last one year. Let's not even talk Canada or US or Australia or everywhere else ppll are running too, just UK, then you will see that this 20billie noise is just noise.

He was looking at it in terms of remittances. He is a bit right in the sense of dollar inflow into a dollarized economy. But in literal terms, I agree with your analysis 100%.
I will also add that we all know that the agriculture that keeps majority of Nigerians busy is predominant in the North. And I can hazard a guess that number of families in the North who have people outside to send them money can't be more than 10% of the northern population!! And that's a very extravagant guess.
Oh, and let me also say that a good amount of those remittances is actually monies kept in overseas account by our polithiefcians.

ayinba1:


But he was very clear to describe what two groups he compared. It was not apples to apples and he did it in context.

Comparison based on tangentiality. The CEO of Naija’s biggest company-Dangote makes $700k/yr… There are some Naija immigrants in the US/Canada who make this type of money.

sukkot:
Hanty wetin you find go hongkong ? abi you marry bruce lee ?

Lol...Bruce Lee is a dead man na. There are hottie Hong Kong guys here for me to marry

Quinex2:
Lol...Bruce Lee is a dead man na. There are hottie Hong Kong guys here for me to marry

hehe enjoy

Gerrard59:


You went to Hong Kong yet you say Canada is very lonely So, how is Hong Kong very lively for a black woman? Tell me, I am very curious. I don't understand some of you people o. So Hong Kong is not heaven compared to anywhere in Nigeria? Unless you get to reside in Hong Kong after your studies, I don't see how the low taxes will benefit you.

"Learn the hard way". Could you please explain how someone who migrated legally from Nigeria to Hong Kong will learn the hard way?

Thank God say I follow dey this abroad una dey complain about, because if I was still in Nigeria, I would be believing anything most of you write here. You people surprise me a lot.

I don't pay tax but my colleagues in Western countries do. Hong Kong is lonely but no so cold. The lowest temperature I've seen here during winter is 6 degrees. I have psycrophobia, I may not cope living in extremely cold countries.

sukkot:
hehe enjoy

Treadway:
Nigerians abroad are NOT the ones keeping Nigeria afloat. If an unenlightened person said this, I could look past it. Will be happy to dive I have kuma dived in

Then again, I might as well just state the FACT I want to state. Diaspora remittance of 20billie is a measly 4% of the GDP at over 500billion. India diaspora remittance that I shared on this thread, or another about a month ago is about 5% of their GDP but you don't hear the Indians saying that is what is keeping the economy afloat, cos hey how can 4 or 5% keep something afloat?? The news you read that makes you guys throw around that figure all the time, you didn't read it in-depth. What that article showed/said is that diaspora remittance is a major source of FOREx to the country, and it stops there! Saying that is what is keeping the economy is not grounded on anything. Also, I have said this earlier too, that when the time comes and we read the report of the capital flight in dollars that the japa movement is fuelling, it will far exceed 20billion. So as the billions have come in to the families that need them, the billions have also gone out on top japa. Estimate how much it takes to run student visa parol in UK for a family of 3 in USD and tell me what that accrues to when you do for Nigerians that have thronged UK in the last one year. Let's not even talk Canada or US or Australia or everywhere else ppll are running too, just UK, then you will see that this 20billie noise is just noise.

Now let’s put those numbers in context. That $20bn is year on year contribution to the GDP. It doesnt include goods and services Nigerians send.. maybe another $10bn -year on year.

Also, the national budget is about $20bn/yr.. so are you saying that it’s not impactful?

Just $2bn sent to Naija by diasporans eclipses what 10 most profitable companies in Naija made as profit in 2021.

https://businessday.ng/amp/companies/article/nigerias-10-most-profitable-companies-in-2021/

Per having more $millionaires, S/Africa with less than 50m people has more millionaires - 10k of them than Naija with 200m. They have more millionaires per capita. Why??

https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-number-of-dollar-millionaires-according-to/ntd6by1.amp

The only good thing about having business in Naija, is that Nigerians control and own the country. You can stay in a -5star hotel owned by Naija, use telecommunication network owned by Naija, fly on airplanes-owned by Naija, use banking and financial services owned by Naija. But make no mistake about it… the odds of you being one of these owners of Naija are slim to none.. without any political connect.

Agbegbaorogboye:

He was looking at it in terms of remittances[b]. He is a bit right in the sense of dollar inflow into a dollarized economy.[/b] But in literal terms, I agree with your analysis 100%.
I will also add that we all know that the agriculture that keeps majority of Nigerians busy is predominant in the North. And I can hazard a guess that number of families in the North who have people outside to send them money can't be more than 10% of the northern population!! And that's a very extravagant guess.
Oh, and let me also say that a good amount of those remittances is actually monies kept in overseas account by our polithiefcians.

exactly, there is no contesting that. I agree that diaspora remittance is the major source of Forex, that and the other points you stated. Cheers

BigIyanga:

Now let’s put those numbers in context. That $20bn is year on year contribution to the GDP. It doesnt include goods and services Nigerians send.. maybe another $10bn -year on year.

Also, the national budget is about $20bn/yr.. so are you saying that it’s not impactful?

Just $2bn sent to Naija by diasporans eclipses what 10 most profitable companies in Naija made as profit in 2021.

https://businessday.ng/amp/companies/article/nigerias-10-most-profitable-companies-in-2021/

Per having more $millionaires, S/Africa with less than 50m people has more millionaires - 10k of them than Naija with 200m. They have more millionaires per capita. Why??

https://africa.businessinsider.com/local/markets/10-african-countries-with-the-highest-number-of-dollar-millionaires-according-to/ntd6by1.amp

The only good thing about having business in Naija, is that Nigerians control and own the country. You can stay in a -5star hotel owned by Naija, use telecommunication network owned by Naija, fly on airplanes-owned by Naija, use banking and financial services owned by Naija. But make no mistake about it… the odds of you being one of these owners of Naija are slim to none.. without any political connect.

but why are you totally ignoring the capital flight like I pointed out? You are looking at only the credit, shouldn't you also consider the debits? Remittance value may be almost equal to the budget, agreed, but it's not like it is what is funding the budget. What you aren't seeing is that the 20billie isn't staying, it is leaving as it is entering. The entire japa-driven capital flight for this year alone will be far more than 20billion USD, excluding Forex payment needs for businesses, imports etc

Treadway:
but why are you totally ignoring the capital flight like I pointed out? You are looking at only the credit, shouldn't you also consider the debits? Remittance value may be almost equal to the budget, agreed, but it's not like it is what is funding the budget. What you aren't seeing is that the 20billie isn't staying, it is leaving as it is entering. The entire japa-driven capital flight for this year alone will be far more than 20billion USD, excluding Forex payment needs for businesses, imports etc

How’s $20bn inflow contributing to capital flight?

BigIyanga:

How’s $20bn inflow contributing to capital flight?

I didn't say it contributes to capital flight guy. I said:
1. To say diaspora remittance is what is saving the country is somehow.
2. I am saying that the 20billie is not in one account somewhere. It has found its way into the market and into the hands of Nigerian like you and I that are emigrating on per second billing, a process which is 'forex-ized' from start to finish. 20billie credit alert entered the economy, 30billie debit alert comot. Where is the impact in that? ok let me rephrase this, yea it has some impact (cos at all at all it helps with forex supply) but stating that it is keeping the economy afloat is out of it.

Treadway:
I didn't say it contributes to capital flight guy. I said:
1. To say diaspora remittance is what is saving the country is somehow.
2. I am saying that the 20billie is not in one account somewhere. It has found its way into the market and into the hands of Nigerian like you and I that are emigrating on per second billing, a process which is 'forex-ized' from start to finish. 20billie credit alert entered the economy, 30billie debit alert comot. Where is the impact in that?

1: Without Diaspora remittance, inflation rate would be like 300% since we import almost evertything.
2: Foreign reserve would be $500m since dollar is needed to import. Our FX reserves would have been depleted by fuel importers long time ago.
3: A liter of petrol would be N500 since fuel importers would be required to buy $ at black market rate.
-“4- Remittances are expended in Naija asap.. it’s used in building house/real estate in Naija
5-They are used in paying rent, school fees and supporting families.
6: For every Naija that japas, she/he is likely to bring in an ROI in tenfold.. like Indians and Chinese do. They bring in $$, investors and technology to their countries

sukkot:
and how much savings do you have in your bank account sir ?

Hey Mr man I am not debating about Naija vs Canada. Yes I am a church rat in Nigeria even jobless at the moment. I am only telling him dat if there are truly better opportunities in Canada he should hustle more as per his savings.

IbeOkehie:




This is an excellent insight into outcome. The REASONS for this are the INNATE QUALITY of the Nigerians who migrate to the USA, not because the Chinese or Indians are favoured, if I may use that word. Asian Americans have higher average & median INCOME than White Americans, again because of certain innate qualities and cultural habits. I think I will leave it at that.



Then why aren't Nigerians generally much richer? China and India are developing countries and were much poorer than Nigeria in say the 1970's. I remember Indians used to migrate to Nigeria for a better life and live in remote villages, a couple of them taught in the village where I grew up. So why are India & China much more developed than Nigeria today? And yes there may be very few Nigerian millionaires in the USA/UK, but there's even fewer Nigerians millionaires in Nigeria, measured per capita. That's FACT.

Bottom line - if what you say about Nigeria is true then MANY MORE INVESTORS or enterpreneurs would be doing it, taking advantage of the OPPORTUNITIES in Nigeria. For some reasons, very few are taking on the RISK in order to get the FAVORABLE RETURNS that you're positing. That's the current situation right now and that outcome is the evidence. Period.

I could go on and on, but I'll tell you the underlying controlling factor - Nigeria is NOT a free market. The government controls just about all aspects of economic activity, including PRICE and without free pricing, it's almost impossible to invest. It's hard to get Nigerians to understand this. Right now the APC Presidential Candidate Bola Tinubu is proposing he will resurrect Agric Commodity Boards to implement minimum pricing for agricultural produce in Nigeria. It's amazing that knowledgeable people aren't screaming from the rooftops about it.

Then there's also the APC obsession with the Water Resources Bill. Those interested should go peruse the proposals in that legislation. I think it might become law if the APC wins the coming elections. The Nigerian economy is bad now, such policies will make it infinitely worse. I can't exaggerate the level of dislocation that will be inflicted in the long term.

I lived in the USA for over 15 years then moved back to live in Nigeria and run a business. I know what I went through, I learned a lot. Nigerians are generally IGNORANT about the laws and political-economy of their own country...I used to be that ignorant too, I'm not criticizing. My family understand what is going on but it took us two generations of back and forth to really internalize the structural reality.

The bottom line, Nigeria is an almost COMMUNIST economy. That's the reason it will NEVER become prosperous and like any Communist/Socialist nation, only those with the right connections or relationships can make it to the top of the pyramid. The GOVERNMENT decides who gets rich, not the MARKET, so yes you're correct, it's EASIER to become a dollar millionaire in Nigeria, but again, it's easier in the West. I know, sounds contradictory but that's that.

Going back to my first paragraph, this CULTURAL predisposition to climbing the pyramid through government patronage is THE REASON Nigerians don't make it to the top in the West as business founders and top CEO's. That's not merely my assertion, I have good EVIDENCE.

Oh look someone else responding to you knows exactly what I'm writing about, so....



What a nice summary of the facts. Have a good day.

Thank you for your feedback which is full of facts and not guided by emotions. Its obvious you have lived in both continents and I understand you clearly. Kindly note I never mentioned that the system favored the Asians better rather I was pointing out that the Asians tend to do better. The first time I moved to Toronto after securing a software job, I had issues renting an apartment. I had no Canadian credit history/report. Friends I had in Toronto did not even believe me when I mentioned that I got a job and will be moving to Toronto to resume hence they were all being evasive. I must point out that I have lived in USA prior to my stint in Nigeria and I know how difficult the support system is for Immigrant Nigerians compared to what is obtainable from Family/Friends in Nigeria hence the Air BnB app was what I relied on before even arriving in Toronto. I booked a two month stay via Air Bnb. Spent the first few days with an old friend sleeping on his sofa before moving to the Air bnb home. Home was located in Markham, a region dominated by South east Asians. The owner of the house was a 25 year old lady from Hong Kong. It was a spacious house and out of curiosity I looked up the last sale price of the house and it was about $1.2 million . I wasn't surprised based on the high rating that host /home had on Air BnB app rom previous guests. The lady had another home where she stayed but was using this duplex for Air Bnb to generate money to pay up the mortgage. It was like a guest house but tastefully furnished with everything a typical traveler will need. She visited the building every morning to ensure me and the other guest were alright. After some weeks she got a bit comfortable with me and was only visiting once a week. After my two month stay I extended my stay by another 60 days. When we got talking she told me how her mum gave her the money for the down payment of the house when she graduated from York university at the age of 22. By age 25 she bought an apartment from money she saved after working for two years plus. The duplex mortgage payments is being sustained by revenue from Air BnB while the value of the property is appreciating. She is 25 years old and I can guess that most Nigerians in Canada her age (including some from wealthy families) do not have what she has. Our culture is more inclined to showing off the little money earned while the Asians seem more inclined towards building generational wealth. I can go on and on but I learnt a lot from my 4 month stay in a Cantonese dominated community. She told me how grand parents and parents tend to save money for their children and grand children. Her mum and dad are pressuring her to get married because they are already saving for their unborn grand children. She said she is also expected to save money for her children to have a good start to life when they are born. The man she will eventually marry is also expected to do same. She complained about how canadians dine too frequently and go on vacations at every opportunity. I believe the Asians have over time positioned themselves better and hence tend to do better as they also have a much stronger support system

tshtsh:


Thank you for your feedback which is full of facts and not guided by emotions. Its obvious you have lived in both continents and I understand you clearly. Kindly note I never mentioned that the system favored the Asians better rather I was pointing out that the Asians tend to do better. The first time I moved to Toronto after securing a software job, I had issues renting an apartment. I had no Canadian credit history/report. Friends I had in Toronto did not even believe me when I mentioned that I got a job and will be moving to Toronto to resume hence they were all being evasive. I must point out that I have lived in USA prior to my stint in Nigeria and I know how difficult the support system is for Immigrant Nigerians compared to what is obtainable from Family/Friends in Nigeria hence the Air BnB app was what I relied on before even arriving in Toronto. I booked a two month stay via Air Bnb. Spent the first few days with an old friend sleeping on his sofa before moving to the Air bnb home. Home was located in Markham, a region dominated by South east Asians. The owner of the house was a 25 year old lady from Hong Kong. It was a spacious house and out of curiosity I looked up the last sale price of the house and it was about $1.2 million . I wasn't surprised based on the high rating that host /home had on Air BnB app rom previous guests. The lady had another home where she stayed but was using this duplex for Air Bnb to generate money to pay up the mortgage. It was like a guest house but tastefully furnished with everything a typical traveler will need. She visited the building every morning to ensure me and the other guest were alright. After some weeks she got a bit comfortable with me and was only visiting once a week. After my two month stay I extended my stay by another 60 days. When we got talking she told me how her mum gave her the money for the down payment of the house when she graduated from York university at the age of 22. By age 25 she bought an apartment from money she saved after working for two years plus. The duplex mortgage payments is being sustained by revenue from Air BnB while the value of the property is appreciating. She is 25 years old and I can guess that most Nigerians in Canada her age (including some from wealthy families) do not have what she has. Our culture is more inclined to showing off the little money earned while the Asians seem more inclined towards building generational wealth. I can go on and on but I learnt a lot from my 4 month stay in a Cantonese dominated community. She told me how grand parents and parents tend to save money for their children and grand children. Her mum and dad are pressuring her to get married because they are already saving for their unborn grand children. She said she is also expected to save money for her children to have a good start to life when they are born. The man she will eventually marry is also expected to do same. She complained about how canadians dine too frequently and go on vacations at every opportunity. I believe the Asians have over time positioned themselves better and hence tend to do better as they also have a much stronger support system

You really have to put things in proper context. Majority of Naija immigrants are the first in their families to travel abroad or earn a decent living in Naija.. how can they transfer wealth?
Hong Kong was administered by UK for over 100yrs..It has built wealth for centuries and passed on their cantonese citizens. It’s one of the most expensive places to live in. At night, after work, young bankers and hedge fund managers pull up in Tesla, Bentleys and Benzes by Koowloon Market to have a good time. How many young Nigerians out of unis can afford 3 square meal a day… let alone a car and decent apartment.
Also, British rule gave most of then automatic British passport, so it was easier for them to migrate to Commonwealth countries like Canada, Australian UK and get settled in than it would take a Naija person with a Naija passport.
Also Hong Kong govt has one of the most generous welfare systems in the world. So it’s easier for them accumulate wealth and pass it on.
I dont know about you, most Nigerians in my immediate circle are breaking the poverty circle in their lineage. They are the 1st generation at graduating university; the first to travel abroad and be successful; the first to open a profitable business; the 1st to be an employer. We’ll get there.

tshtsh:


Thank you for your feedback which is full of facts and not guided by emotions. Its obvious you have lived in both continents and I understand you clearly. Kindly note I never mentioned that the system favored the Asians better rather I was pointing out that the Asians tend to do better. The first time I moved to Toronto after securing a software job, I had issues renting an apartment. I had no Canadian credit history/report. Friends I had in Toronto did not even believe me when I mentioned that I got a job and will be moving to Toronto to resume hence they were all being evasive. I must point out that I have lived in USA prior to my stint in Nigeria and I know how difficult the support system is for Immigrant Nigerians compared to what is obtainable from Family/Friends in Nigeria hence the Air BnB app was what I relied on before even arriving in Toronto. I booked a two month stay via Air Bnb. Spent the first few days with an old friend sleeping on his sofa before moving to the Air bnb home. Home was located in Markham, a region dominated by South east Asians. The owner of the house was a 25 year old lady from Hong Kong. It was a spacious house and out of curiosity I looked up the last sale price of the house and it was about $1.2 million . I wasn't surprised based on the high rating that host /home had on Air BnB app rom previous guests. The lady had another home where she stayed but was using this duplex for Air Bnb to generate money to pay up the mortgage. It was like a guest house but tastefully furnished with everything a typical traveler will need. She visited the building every morning to ensure me and the other guest were alright. After some weeks she got a bit comfortable with me and was only visiting once a week. After my two month stay I extended my stay by another 60 days. When we got talking she told me how her mum gave her the money for the down payment of the house when she graduated from York university at the age of 22. By age 25 she bought an apartment from money she saved after working for two years plus. The duplex mortgage payments is being sustained by revenue from Air BnB while the value of the property is appreciating. She is 25 years old and I can guess that most Nigerians in Canada her age (including some from wealthy families) do not have what she has. Our culture is more inclined to showing off the little money earned while the Asians seem more inclined towards building generational wealth. I can go on and on but I learnt a lot from my 4 month stay in a Cantonese dominated community. She told me how grand parents and parents tend to save money for their children and grand children. Her mum and dad are pressuring her to get married because they are already saving for their unborn grand children. She said she is also expected to save money for her children to have a good start to life when they are born. The man she will eventually marry is also expected to do same. She complained about how canadians dine too frequently and go on vacations at every opportunity. I believe the Asians have over time positioned themselves better and hence tend to do better as they also have a much stronger support system

Thanks, your narrative is interesting. I've taken to discussing these things on Nigerian boards but the one drawback is you rarely find anyone using their real names. So anyone can make any claim and use any kind of upside down reasoning with the implied justification that your ANONYMOUS claim is just as plausible as their own ANONYMOUS claim. When I REPEATEDLY came across this kind of "Nigeria is better than the West" narrative on Nairaland, I decided enough is enough. It probably won't make any difference, but some will see the truth in what I write. Add to that, I'm not shy in saying this - I know more about the interrelated economics of NIgeria and its Diaspora than almost ALL Nigerians. I say that from over two generations collective family experience on both sides of the Atlantic Ocean so I'm no longer shy or diffident about making that claim, you can call me ITK or arrogant or whatever.

I'll comment on one aspect of your post:

She is 25 years old and I can guess that most Nigerians in Canada her age (including some from wealthy families) do not have what she has. Our culture is more inclined to showing off the little money earned while the Asians seem more inclined towards building generational wealth.

I think I mentioned CULTURE in my earlier posts. You're very correct in this. I think that anyone interested in this subject has to acknowledge that CULTURES CHANGE over time. I've concluded that "Nigerian Culture" as evolved over the past 60 years is essentially self destructive against the TRIBAL CULTURES that are contained within Nigeria. One aspect of the tribal culture that has been destroyed is this vital aspect of collective self preservation.

Another aspect that I've learned and try to impress upon discussants and those in my social circle is that SUCCESS is not very worthwhile or even attainable when pursued as an INDIVIDUAL goal. It has to be an EXTENDED FAMILY thing, in fact the attainment of SUCCESS is more likely to be achieved as a FAMILY than as an individual, and is even more worthwhile as a TRIBE or at least community.

The COLLECTIVE aspect of success has unraveled in the Nigerian and Black African community. Just like Chinua Achebe wrote in Things Fall Apart - they have put a knife to the things that held us together and we have fallen apart. It becomes very ironic when you know that the popular wisdom among Nigerians is that Americans/Canadians or others "don't have a family orientation" or even "they don't have a culture at all" LOL!

Nigerian culture is just self destructive. I had to learn this the hard way. Until a substantive, critical mass of Nigerians...and I mean the people, not the leaders...learn to THINK PROPERLY, the country is doomed to perpetual poverty and stagnation. I'm a credible prophet on this matter. I told people the EXACT RESULTS that would come from retaining fuel subsidies in 2012 and I was laughed at. I'm the one smiling now.

Nigerian culture, I repeat, is destructive to collective achievement, which is essential to a good community. That's why Nigeria is the way it is and by the way, the USA is headed the same way as Nigeria, it's a matter of time. Luckily I'm likely going to be dead by the time the evil day arrives.

I also want to particularly appreciate this -

Thank you for your feedback which is full of facts and not guided by emotions.

That's my goal. I'm too old and settled to tell lies now. The worst that can happen is a bullet to the head and I'm OK with that.

Good Luck to all.

BigIyanga:

Comparison based on tangentiality. The CEO of Naija’s biggest company-Dangote makes $700k/yr… There are some Naija immigrants in the US/Canada who make this type of money.

And how did you arrive at this figure of what he makes annually? Dangote is counted among the world’s billionaires in USD- this annual income you quoted for him does not add up. and few Naija immigrants make 700k a year- please.

ayinba1:


And how did you arrive at this figure of what he makes annually? Dangote is counted among the world’s billionaires in USD- this annual income you quoted for him does not add up. and few Naija immigrants make 700k a year- please.

I don't know about Dangote, but I know quite a few Nigerian households in my own small area here that make over $500K per year. As in, some of them have their incomes published in the newspaper or government website because they work for non-profit institutions. With just a little determined looking around, you can find these OFFICIAL websites. Some of them are friends who've told me their salary with their own mouth, some I've seen their tax returns. Some you can make a reasonable guess by their jobs or businesses they own.

If I know at least 10 households making over $500K per year in my own small Raleigh NC, what about NYC or god forbid, Houston TX? Just now I started counting those I know in Houston and I'm already at 3 and I only lived there for like 2 years off and on.

Anyhow, Dangote isn't important. He's less a representation of Nigerian good life than the average Nigerian in the US/UK making even $150K per year. Or let me put it another way, Dangote or his CEO is an outrageous outlier on the Nigerian Bell Curve, he shouldn't even come up in any serious discussion about Nigerian wellbeing.

ayinba1:


And how did you arrive at this figure of what he makes annually? Dangote is counted among the world’s billionaires in USD- this annual income you quoted for him does not add up. and few Naija immigrants make 700k a year- please.

Dangote is not the CEO of Dangote Cement PLC. Learn how to read, comprehend and respond. Highest paid Naija CEO is a public info and I had mentioned his name.
Also, highest paid Naija CEO are mostly white men.. non-Nigerian..surprised??
I dont ‘believe it’ is a not a way to rebut a fact. You have to show superior fact… and you have shown zilch.

BigIyanga:

Dangote is not the CEO of Dangote Cement.. Learn to read, comprehend and respond. Highest paid Naija CEO is a public info.
I dont ‘believe it’ is a not a way to rebut a fact. You have to show superior fact… and you have shown zilch.

LOL...thanks for that but Nigerians don't do facts or approach discussion with an appropriate or expansive state of mind. Don't you know the sky in Nigeria is YELLOW, not BLUE? Don't you understand that FUEL SUBSIDY DOESN'T EXIST, there's nothing like subsidy? And Nigeria is far richer than the UK?

I think you may have to find another community board to interact with if you're interested in FACTS...what the hell is that? Nigerians are all about ego OR ego, if you know what I mean.

LOL, sometimes it's pointless but sometimes one has to try.

IbeOkehie:


LOL but Nigerians don't do facts. Don't you know the sky in Nigeria is YELLOW, not BLUE? Don't you understand that FUEL SUBSIDY DOESN'T EXIST, there's nothing like subsidy? And Nigeria is far richer than the UK?

I think you may have to find another community board to interact with if you're interested in FACTS...what the hell is that? Nigerians are all about ego OR ego, if you know what I mean.

LOL, sometimes it's pointless but sometimes one has to try.

I know lol. It’s an acquired bad defensive mechanism passed on to generations. You cannot question your parents, seniors, bosses etal in Naija.
Lol

BigIyanga:


Also, highest paid Naija CEO are mostly white men.. non-Nigerian..surprised??

Nooooooo, they're from Cameroun Or maybe Guinea, O pari o, the argument has entered another level like APC change!

This bit here is left me falling YAKATA to the floor....I didn't even think about that! See, this is how we learn. I of course KNOW that the Nigerian environment is more favorable to foreigners, especially lighter skinned foreigners, but I didn't think about this simple thing. Chai, Nigeria is lost. You need to read the controversy about the pay for the Indian born CEO of Google, then think about the Nigerian situation.

Nigeria has lost the plot, there's no redemption coming anytime soon. Sorry O, anyone who can should just get the hell out of that Zoo!

BigIyanga:

You really have to put things in proper context. Majority of Naija immigrants are the first in their families to travel abroad or earn a decent living in Naija.. how can they transfer wealth?
Hong Kong was administered by UK for over 100yrs..It has built wealth for centuries and passed on their cantonese citizens.

Both were ruled by the British, same with India and even Singapore. The REAL question here is what structure or kind of arrangements enabled Hong Kong to become wealthy. That's the real contrast between Nigeria and HK.

The answers are very clear but who has the time to get into it. Nigeria has a CULTURE problem. That's all.

tshtsh:


Vegas Pain hospital is a very small primary care centre and not comparable to evercare or lagoon in terms of size, number of services offered, number of physicians employed and number of patients treated. If it was so good at Vegas Pain and life in USA was all why has maduka tried to involve himself in anambra politics so much ? Why has he been investing in Nigeria rather than expanding his medical practice across Nevada and the who of USA ? Most of us are more comfortable in north america but deep down I will rather be successful in Africa than here. South Africa was even my first choice place to work .

We may never agree on this issue but there are levels to these things and even among Africans the americans rate Ethiopians higher than Nigerians. All that talk about Nigerians being the most educated blacks in USA is because of the population of Nigerians not because Nigerians are high up there. In Greater Toronto Area the cities of Richmond Hill and Markham are expensive neighborhoods occupied mostly by immigrants from Hong Kong. The average price of a house is over $1 milllion. In Vancouver the laws were modified to reduce the inflow of investments from asian millionaires in the property market. Brampton is dominated by wealthy indians. There is no neighborhood in USA or Canada known to house wealthy Nigerian-immigrants because Nigerian immigrants have not yet been able to acquire the level of wealth and influence there counterparts from asia posses. The kind of wealth that will make them dominate a district

When I lived in Maryland I once visited a nigerian in Potomac (an expensive neighborhood). The man was a retired judge at the supreme court of Nigeria. He showed me mansions belonging to Nigerians but they were all ex-governors (Uzor kalu, former gov of kogi state, atiku and a nigerian business man). You have pockets of upper middle class nigerians here and there in USA but nothing compared to the wealthy businessmen in Nigeria like cosmos maduka, chukwuma innosson, ABC Orjiakor, mike adenuga, akintola williams and many more.

Can a Naija Supreme Cour judge afford a home in Potomac based on his/her honest income? NOPE
Can a Naija governor afford a home in Potomac, MD based on his/her honest income? NOPE.
Those houses were bought with stolen wealth.

IbeOkehie:


Nooooooo, they're from Cameroun Or maybe Guinea, O pari o, the argument has entered another level like APC change!

This bit here is left me falling YAKATA to the floor....I didn't even think about that! See, this is how we learn. I of course KNOW that the Nigerian environment is more favorable to foreigners, especially lighter skinned foreigners, but I didn't think about this simple thing. Chai, Nigeria is lost. You need to read the controversy about the pay for the Indian born CEO of Google, then think about the Nigerian situation.

Nigeria has lost the plot, there's no redemption coming anytime soon. Sorry O, anyone who can should just get the hell out of that Zoo!

Lol. So Nigerians arent even dominating Naija CEO ecosystem… and some are thinking that it’s easier to make it in Naija without connect?
https://www.thisdaylive.com/index.php/2022/07/17/highest-paid-ceos-in-nigeria-in-2021/amp/

Look at them Oyibo CEOs own the country

BigIyanga:


Lol. So Nigerians arent even dominating Naija CEO ecosystem… and some are thinking that it’s easier to make it in Naija without connect?
https://www.thisdaylive.com/index.php/2022/07/17/highest-paid-ceos-in-nigeria-in-2021/amp/

Look at them Oyibo CEOs own the country

God this is bad. And again, it's a direct result of Nigerian culture evolved over the last 60 years.

Please I don't want to hear any argument from ANYONE about how much better life can be for Nigerians in Nigeria. What a crock of shit.

BigIyanga:

Can a Naija Supreme Cour judge afford a home in Potomac based on his/her honest income? NOPE
Can a Naija governor afford a home in Potomac, MD based on his/her honest income? NOPE.
Those houses were bought with stolen wealth.

My point is that Nigerians in USA equally cannot afford a house there.

IbeOkehie:


Nooooooo, they're from Cameroun Or maybe Guinea, O pari o, the argument has entered another level like APC change!

This bit here is left me falling YAKATA to the floor....I didn't even think about that! See, this is how we learn. I of course KNOW that the Nigerian environment is more favorable to foreigners, especially lighter skinned foreigners, but I didn't think about this simple thing. Chai, Nigeria is lost. You need to read the controversy about the pay for the Indian born CEO of Google, then think about the Nigerian situation.

Nigeria has lost the plot, there's no redemption coming anytime soon. Sorry O, anyone who can should just get the hell out of that Zoo!



Both were ruled by the British, same with India and even Singapore. The REAL question here is what structure or kind of arrangements enabled Hong Kong to become wealthy. That's the real contrast between Nigeria and HK.

The answers are very clear but who has the time to get into it. Nigeria has a CULTURE problem. That's all.

There is no commonality of purpose. Nigerians are united in poverty, hardship, bad governance and suffering…. But we are so divided along religious and ethnic , tribal and state of origin lines to forge a common front to tackle our problems.
Also, the military brass ‘won’ Naija during the war and shared it as ‘spoils’ of the war amongst themselves and their cronies. There was never a national plan to build and develop Naija after the war.Can you imagine if they had resolved to develop and build just 2-3 cities-Abuja-Lagos-PHC/Kano into modern cities like UAE or Qatar did? They would have snowballed into cluster cities and rapid development. Hong Kong gave birth to another mega city. Shenzhen

tshtsh:

My point is that Nigerians in USA equally cannot afford a house there.

Yes Nigerians in the USA can afford a house in the Potomac area. Ngozi Okonjo-Iweala and her husband had a home in the Potomac BEFORE she worked in Nigerian government or became Finance Minister. That one is PUBLIC KNOWLEDGE, you can go look up the county real estate records.

Besides her I know of at least one Nigerian living and working in the USA who owns a home in the Potomac area, in fact very close to where Atiku has his own.

Having said that, Nigerian prosperity is nowhere near that of Asians or even Black Americans in the USA, yes I said it.

BigIyanga:

There is no commonality of purpose. Nigerians are united in poverty, hardship, bad governance and suffering…. But we are so divided along religious and ethnic , tribal and state of origin lines to forge a common front to tackle our problems.

That's one important factor. Let me tell you, when you read some generally accepted & admired academic studies about the characteristics of prosperous nations, you will find that Nigeria has exactly the OPPOSITE of most factors enumerated. I kid you not. I had a very sad encounter with a fairly highly placed Nigerian in real life about this. We used to be friends I guess. After a discussion cum argument about this very issue of national cohesion he basically told me never to talk to him again because I "insulted him". This is someone from a fairly highly placed Nigerian family with ties to the military.

Nigerians are a severely damaged people, from Aso Rock to the vulcanizer or hawker on the next street. I understand them and their issues well so I'm quite confident nothing good will come out of that country for a very loooong time.

IbeOkehie:


Yes Nigerians in the USA can afford a house in the Potomac area. Ngozi Okonjo-Iweala and her husband had a home in the Potomac BEFORE she ever became Finance Minister of Nigeria. That one is PUBLIC KNOWLEDGE, you can go look up the county real estate records.

Besides her I know of at least one Nigerian living and working in the USA who owns a home in the Potomac area, in fact very close to where Atiku has his own.

Having said that, Nigerian prosperity is nowhere near that of Asians or even Black Americans in the USA, yes I said it.



That's one important factor. Let me tell you, when you read some generally accepted & admired academic studies about the characteristics of prosperous nations, you will find that Nigeria has exactly the OPPOSITE of all the factors enumerated. I kid you not. I had a very sad encounter with a fairly highly placed Nigerian in real life about this. We used to be friends I guess. After a discussion cum argument about this very issue of national cohesion he basically told me never to talk to him again because I "insulted him". This is someone from a fairly highly placed Nigerian family with ties to the military.

Nigerians are a severely damaged people, from Aso Rock to the vulcanizer or hawker on the next street. I understand them and their issues well so I'm quite confident nothing good will come out of that country for a very loooong time.

Yep. The political elite does not believe in Naija.They only love Naija because it’s their cash cow
Buhari- His wife lives in Dubai and his kids live in England. His primary care doctors are in the UK.
Osibanjo. Per his CCB filing, 80% of his investments were in €£$ asset class.
BAT-His houses are in London, NYC, Chicago etc
Peter Obi: Has a house in UK and offshore accounts
Atiku: Has houses in the US; and lives in Dubai.

BigIyanga:

Yep. The political elite does not believe in Naija.They only love Naija because it’s their cash cow

Oh and let me add, this is someone earning about $1million per year right here in the USA (publicly published info) and he would always tell me mournfully that his mates in Nigeria were doing so much better than him and how he was going to join them in Nigeria and make REAL money. I was and still am puzzled by that.

Yeah, they love Nigeria and of course they HATE lower class people like me who are in the USA with them. That's a truth and an attitude mimicked by regular Nigerians even on this discussion board. The Stockholm Syndrome, Black African strain.

Nigeria is so sad. Really, really sad.

BigIyanga:

Now let’s put those numbers in context. That $20bn is year on year contribution to the GDP. It doesnt include goods and services Nigerians send.. maybe another $10bn -year on year.

Also, the national budget is about $20bn/yr.. so are you saying that it’s not impactful?

Just $2bn sent to Naija by diasporans eclipses what 10 most profitable companies in Naija made as profit in 2021.

https://businessday.ng/amp/companies/article/nigerias-10-most-profitable-companies-in-2021/

The facts are clear and that's why I didn't bother responding to him. I'm learning to sift the plausibly serious and earnest posters from those who are here to provoke and have typically ignorant Nigerian arguments.

Diaspora remittances are the main factor keeping Nigeria afloat. It's more important than crude oil & natural gas, it has more impact than the budget of the federal government. I can even reel out more relevant facts than the ones you've put out here. Again, THE SKY IS YELLOW IN NIGERIA, we have to learn to ignore that inescapable fact and move with more serious discussions.

Nonsense and ingredients.

IbeOkehie:


Yes Nigerians in the USA can afford a house in the Potomac area. Ngozi Okonjo-Iweala and her husband had a home in the Potomac BEFORE she ever became Finance Minister of Nigeria. That one is PUBLIC KNOWLEDGE, you can go look up the county real estate records.

Besides her I know of at least one Nigerian living and working in the USA who owns a home in the Potomac area, in fact very close to where Atiku has his own.

Having said that, Nigerian prosperity is nowhere near that of Asians or even Black Americans in the USA, yes I said it.



That's one important factor. Let me tell you, when you read some generally accepted & admired academic studies about the characteristics of prosperous nations, you will find that Nigeria has exactly the OPPOSITE of all the factors enumerated. I kid you not. I had a very sad encounter with a fairly highly placed Nigerian in real life about this. We used to be friends I guess. After a discussion cum argument about this very issue of national cohesion he basically told me never to talk to him again because I "insulted him". This is someone from a fairly highly placed Nigerian family with ties to the military.

Nigerians are a severely damaged people, from Aso Rock to the vulcanizer or hawker on the next street. I understand them and their issues well so I'm quite confident nothing good will come out of that country for a very loooong time.

I read a few of your posts on this thread and you made some salient points.
Nigeria has a long way to go and both the leaders and the followers are not helping matters. Actually I don't know who's worse. We so influenced by our ethnic and selfish bias. While I've always known all politicians to be the same, the ones in Nigeria are outliners and the problems in Nigeria are multidimensional. Worse is the fact that everyone rant on social media while in reality they're doing nothing but looking for opportunities to have a piece of the pie. No one is bold enough to ask questions or tell the truth on a one on one encounter. I don't discuss these kind of issues on this platform, because it doesn't alleviate the problems and even many that complain are not interested in making a positive impact. Any dick and harry can reel out stats, most of which is inaccurate. Wining an online argument on which country is better doesn't make the lives of either citizens better. The pursuit of money is an endless one and income inequality will continue to be wider irrespective of the country.
I'm brute in asking anyone what value have you added to your society? What have you done for humanity? All in all, many believe the human race is a mystery but that a different topic.

Having lived in both continents and sojourned all but 2 states, I know the human race is on a downward trajectory.