₦airaland Forum

Uzomarrr12345:
Lmao !

I laffed so hard … lmao

Where on earth did you operate your Pharmacy ,that you claim you didn’t make profit .

This is my first time I’m hearing someone say there’s no money in pharmacy business in Nigeria … I’m still laffing hard as I’m typing .

Like I said , business is not for everyone, continue flipping burgers at McDonald’s

Once again, remember “Where there is problem and population, there is money”

If you know , you know !

IbeOkehie:
Can't even read properly. I NEVER ONCE wrote that I operated a pharmacy business of ANY KIND in Nigeria, wholesale, retail, import or manufacture. I never wrote that. I wrote that I investigated the industry and found it was NOT profitable for a vast majority of participants.

Thanks.

Uzomarrr12345:
Let’s do it this way …

I will name all my Billings here in Nigeria monthly … do yours too

-ELETRICITY = #3,000
-TAX. = #0
-FOOD. = #50,000
-CAR INS. =#0
-GAS BILL. =#0 (I dey chop outside mostly)
-COUNCIL. =#0
-MARKET tax =#3,500 (Idumota)
-HAIR CUT. =#500
-RENT. =#33,000 (400k per year)

Total = #86,000 (£109 pounds)

This is rough estimate expenses of someone who sells drugs and make almost a mill monthly …

Give me your own monthly expenses , let see how far

Uzomarrr12345:
There is a reason why Apple , American company prefers dia production to be in CHINA … CHEAP LABOUR

Seriously, the loopholes in this country favours some businesses , that is why Chinese and Indians are bringing dia businesses here

Tell them how much water cost in the UK

erico2k2:
£34 a month is not up to monthly pocket money my child has from me.You need to stop quoting things you do not understand and ask questions instead. What the right question should be is this, what percentage of the person's wage is £ £34?

ahiboilandgas:
no tenacity and big grammar that the problem! We are talking of trading drug in markets whole sale drug markets not opening shining pharmacy! Even pharmacy are making it ( non bother dey price drug) health plus, medplus are all making it .health plus even got 40 m USD from a venture capital ! Welcare pharmacy . Make sale Notting less than 5 million daily. Free the Google all this name .the Kanawa drug markets is recently commsion by kano state governor .a multi billion drug markets the over 800 stall ! Major dealers can literally buy 500 k USD house without any morgate in america without loan. Mozida hotel and suit and club is also owned by a pharm trader. Royal place hotel drug trader. European centre This are young igbo guys with investment in excess of 1 million USD.

Uzomarrr12345:
You don’t get the point ?

How many peeps in Nigeria pays £34 (27k) monthly for water .

There are some things we get here for free.
See, expenses overseas is so high.

And you guys literally pay for everything including water !!!

When last did anyone get a parking ticket in naija ? … lol

IbeOkehie:
That's why Exxon Mobil and Shoprite closed their retail businesses in Nigeria.

That's why mass migration is a very hot topic on Nairaland.

Nobody, least of all myself, have said that there's ZERO possibility of business success in Nigeria. What I have said is that the chances of achieving the globally rated middle class lifestyle is very small, whether as employee or business owner. Conditions make it such that 99.95% of the population are living in poverty.

Also, most of the top CEO's of publicly traded companies are Europeans or Asians, so it seems Nigerians can't even compete well in their own homeland.

Yes I tried to succeed in Nigeria and failed. I lost over $200K. I wish I had listened to those who warned me at the time. I've done what Exxon Mobile and Shoprite and Michelin and millions of rational Nigerians have done, I left the place.

What have you tried? You can go and make the BILLIONS from your one room face-me-I-slap you in Mushin or wherever you are in Nigeria.

Bye.

erico2k2:
See how you deceive yourself, what do you eat in a day?
You make a Mil a month and you eat?N5k a day?
U see how you sums do not add up? let me say U eat Breakfast N1k, Afternoon 2k evening 3k, there is no way you wont eat N4k a day.x10 is 40K and x30 is N120K,unless you dey drink Garri.
I wont use myself cos Im not a newbie
House rent £450 (Shared Apartment }room all inclusive.
Food 150,you cook and freeze.
Transport if you live untreckable from work,£100
hair cut if you friend nor sabi cut £15
clothes £100
Total £815 round up £850 so if he earns £2k he can send £1000 to his UBA account in Nigeria easy.
Salary after tax and NI £1800
Do the maths

Uzomarrr12345:
You don’t get the point ?

How many peeps in Nigeria pays £34 (27k) monthly for water .

There are some things we get here for free.
See, expenses overseas is so high.

And you guys literally pay for everything including water !!!

When last did anyone get a parking ticket in naija ? … lol

Uzomarrr12345:
No energy bill ?
No gas bill ?
No water bill ?

Your list is incomplete now …

Look at a 2013 rough list of billing

Uzomarrr12345:
Energy bill £209 , E go choke ! Over160k…

While I’m here paying 3k monthly, sometimes 2k self (prepaid meter)

Baba , if you have anything that gives you 500k above monthly , especially as a bachelor, better stay put

Cost of living is affordable here ,don’t be deceived.

erico2k2:
You lack reasoning and comprehension, U nor do am for primary school, did you not see where I said Rent is Inclusive? it means all bills inclusive, this is how house share operates in the west .Bross abeg go trader's section,
Building Insurance, how does a person renting a room pay Building insurance nah the whole building him rent? You well SO?

Uzomarrr12345:
One question, Why una Dey share house ?

Guy , no place like home !
Seriously, all these managing lifestyle for Europe nor Dey freak me at all

Here , with 800k per year , you fit get a big and spacious 2 bedroom flat, design am well .

Uzomarrr12345:
Nor worry , when 1 pound go Dey equal to 1 naira … nobody go tell you twice , make you Dey come back

Uzomarrr12345:
One question, Why una Dey share house ?

Guy , no place like home !
Seriously, all these managing lifestyle for Europe nor Dey freak me at all

Here , with 800k per year , you fit get a big and spacious 2 bedroom flat, design am well .

rezzy:
Not this Lagos again o.
House don cost in Lagos. 2 bed room wey no too make sense in Agege/Alimosho na 800k. Tiny rooms.

erico2k2:
We buy hose not rent. Rent is for new persons. In Nigeria we dont Rent house, We build and rent them out to people like you. Come to the Property section we full there!

Uzomarrr12345:
There is a reason why Apple , American company prefers dia production to be in CHINA … CHEAP LABOUR

Seriously, the loopholes in this country favours some businesses , that is why Chinese and Indians are bringing dia businesses here

Tell them how much water cost in the UK

ahiboilandgas:
una borrow house to pay for 25 years ! Try sublease 1 room na make the real owner catch you !

erico2k2:
There is nothing meaningful coming from you nah poor hustler and developer in Lagos living in one room!

ibkayee:
People earning £40k in the UK are not considered poor, are you conflating it with just London? Even in London, assuming you don't have kids and family to provide for and depending on where you live, your commute and a whole bunch of other factors, it will be tight but it's definitely not 'poor' status

CyberWolf:
£40k without family in London, you’d be balling talk more of outside London. They don’t know that the purchasing power of pound sterling is very strong.

IbeOkehie:
Over 99.95% of Nigerians are POOR. Take it or leave it and it's mostly because most of what they use for modern life is IMPORTED, including petrol! So the reality is you earn naira and spend on dollar priced goods.

Again, most importantly, how many Nigerians earn that ₦‎200K per month? The best figure I know is 0.5% according to reputable surveys and by my own observation. What are the chances you're among them? A cousin of mine that teaches at a private elementary school in Owerri earns ₦‎17K, an Access Bank banker with 7 years experience that migrated to Houston in 2013 told me his salary was ₦‎150K.

Your ₦‎200,000 is $250 dollars or £200 It's practically NOTHING for even the poorest person in the UK/USA and only 0.5% of Nigerian workers earn that much. That about says it all, don't you think? The median income in the USA is $65,000 per year, meaning HALF of all families earn that and Nigerian immigrants are acknowledged as one of the better earning national groups in this country.

OK, someone earning £40,000 in the UK is poor, but Nigerians in that place still manage to send billions of dollars back to their relatives, they build houses, pay rent and health & education costs for their relatives.

That person earning £40,000 likely lives in an apartment with all basic amenities available 24 hours except in case of weather or disaster. Only 7% of Lagosians have that available to them. Low wage earners in the USA own cars, how many people own private car in Nigeria?

Even poor me that started out earning $3.50/hr in the USA, I managed within 7 years to build a house in Nigeria, buy car for my family and put myself through university with zero loan, I paid cash out of pocket.

The important thing is that only 0.5% of Nigerians earn the biggie ₦‎200K....not to talk of £20,000 per month You have nice dreams though.

Nigerians are POOR, they're suffering from debilitating poverty, that's why most people living in that country can't think straight. You're a perfect example. You and the other FAKE high earners in Nigeria are not worth discussing anything with. I believe what others have said on other threads - you're probably a frustrated university student or teen projecting their dreams.

I'm done indulging you. This is my last post to you and your kind.

IbeOkehie:
I'm a pharmacist. When I was planning my move back to Nigeria in 2008 or so, I actually had a good chance to get employed at a major pharma in Nigeria but I hated Lagos. I also thoroughly investigated the pharma business for investment opportunity. I can authoritatively tell you that pharmacists, even at the major drug companies, don't earn much. Basically, extrapolating from what I found out back then, 99% of pharmacists in Nigeria today earn less than ₦‎500K per month.

A pharmacist friend of mine also moved back to Nigeria from the USA and started a pharmacy business. He imported from abroad, got all the NAFDAC approvals and secured contracts selling to all sorts of hospitals, public and private. The business thrived for a few years then failed.

You can talk all you want about other things, but that your pharmacy story is FALSE and I say that because I know. In fact there's a pharmacist that moved from Nigeria recently....actually about 5 years ago....at the time I met him he was working at a grocery store. I talked to him at the time and he had nothing good to say about Nigeria. I'm sure he's doing very well now, in fact I should call him.

Have a good day.

Gemma11:
Nothing wrong with paying to have clean running water in your home with flushing toilets and to have the sewage taken away instantly. I am sure many Nigerians in Nigeria would rather pay for this service than to invest in water tankers in the home and to constantly pay Mallams to fether water or have to physically fetch water themselves on a daily basis.

"60 million Nigerians without access to basic drinking water and 80 million people without improved sanitation facilities"
https://www.worldbank.org/en/news/feature/2021/05/26/nigeria-ensuring-water-sanitation-and-hygiene-for-all

ttoyetade:
Which job are you doing in the UK that has brought you this much. its like you have save more than £3000 in 3 months. This can mislead new comers thinking they can make this kind of money within 3 months of arrival

IbeOkehie:
Over 99.95% of Nigerians are POOR. Take it or leave it and it's mostly because most of what they use for modern life is IMPORTED, including petrol! So the reality is you earn naira and spend on dollar priced goods.

Again, most importantly, how many Nigerians earn that ₦‎200K per month? The best figure I know is 0.5% according to reputable surveys and by my own observation. What are the chances you're among them? A cousin of mine that teaches at a private elementary school in Owerri earns ₦‎17K, an Access Bank banker with 7 years experience that migrated to Houston in 2013 told me his salary was ₦‎150K.

Your ₦‎200,000 is $250 dollars or £200 It's practically NOTHING for even the poorest person in the UK/USA and only 0.5% of Nigerian workers earn that much. That about says it all, don't you think? The median income in the USA is $65,000 per year, meaning HALF of all families earn that and Nigerian immigrants are acknowledged as one of the better earning national groups in this country.

OK, someone earning £40,000 in the UK is poor, but Nigerians in that place still manage to send billions of dollars back to their relatives, they build houses, pay rent and health & education costs for their relatives.

That person earning £40,000 likely lives in an apartment with all basic amenities available 24 hours except in case of weather or disaster. Only 7% of Lagosians have that available to them. Low wage earners in the USA own cars, how many people own private car in Nigeria?

Even poor me that started out earning $3.50/hr in the USA, I managed within 7 years to build a house in Nigeria, buy car for my family and put myself through university with zero loan, I paid cash out of pocket.

The important thing is that only 0.5% of Nigerians earn the biggie ₦‎200K....not to talk of £20,000 per month You have nice dreams though.

Nigerians are POOR, they're suffering from debilitating poverty, that's why most people living in that country can't think straight. You're a perfect example. You and the other FAKE high earners in Nigeria are not worth discussing anything with. I believe what others have said on other threads - you're probably a frustrated university student or teen projecting their dreams.

I'm done indulging you. This is my last post to you and your kind.

Lekan239:
some tech guys earn that much. Even some content creators. A guy who makes is cash through YouTube once posted is pay check here on nairaland, it was on front page, you could search it and confirm yourself

Its not about comparing the pounds to naira while you stay abroad, People who earn below £40,000 annually in the UK are considered poor there..

Earn £40,000 annually in Nigeria and you are a king here. So I could earn far less than what a £40,000 UK earner earn and still live far more comfortably.

Most migrant in UK who earn £40,000 and below, the least rent monthly(poor man house) in low income area in the UK for one bedroom is about £1000 plus energy bill. Leaving you with £28,000. You will be taxed about £10,000 for earning £40,000. Leaving you with £18,000.

To you that £18,000 runs into million in Nigeria, but it can't even pay the grocery and utility bills down where you stay.