pocohantas:


Eweyyyyy!!!!🤣🤣🤣🤣 the system there would test you. If you don’t have mind, inferiority complex won’t allow you apply for their jobs. I don’t mean to be a pessimist, but somewhere in my mind, I have a feeling this one would have to shrink at some point.

So long as one is being paid. As I am here I don't mind being an apprentice in a faang company. They will still pay you really well. All way na way

tensazangetsu20:


So long as one is being paid. As I am here I don't mind being an apprentice in a faang company. They will still pay you really well. All way na way

You will still be a superstar. 😀😀

tensazangetsu20:


There's very few tech jobs in Nigeria now sef. On LinkedIn there's zero Nigerian tech openings. On hotnigerianjobs same thing. This wasn't how it was when I got into tech. Did my research and apparently a lot of Nigerian startups are shutting down and the founders running away to the UK.

Wow. In your opinion why do you think the startups are failing? What's wrong?
Whenever I attend startup meetings Nigerians always come up with good pitch deck and presentations. Their metrics and vision are on point. But it's worrisome to know that they'll fail.

studyless123:


Wow. In your opinion why do you think the startups are failing? What's wrong?
Whenever I attend startup meetings Nigerians always come up with good pitch deck and presentations. Their metrics and vision are on point. But it's worrisome to know that they'll fail.

I think a lot of startup founders overestimate the Nigerian economy. The reality on ground isn't what is always on pitch desks. The real market in Nigeria is around 5 million max but people are always projecting 200 million people as a market which isn't right.

tensazangetsu20:


I think a lot of startup founders overestimate the Nigerian economy. The reality on ground isn't what is always on pitch desks. The real market in Nigeria is around 5 million max but people are always projecting 200 million people as a market which isn't right.

True.

In addition, some models would stop working or not work in the long run. How do you want to survive in Nigeria when you simply cannot charge your customers fees. You want to compete with Opay et al? Ordinarily sms alerts that GTB charges once in a while, Nigerians wont let Twitter rest.

We have more fintechs here than in any other African country.

Someone commented that why do i need to have 1,000 ways to pay for a yam.

Unfortunately, many of these fintechs are the same solution with no new innovation. If you are planning to start a fintech and your major solution is still deposit and withdrawal, copying kuda, opay, palmpay and the 150 others, then you might fail.

truthCoder:


True.

In addition, some models would stop working or not work in the long run. How do you want to survive in Nigeria when you simply cannot charge your customers fees. You want to compete with Opay et al? Ordinarily sms alerts that GTB charges once in a while, Nigerians wont let Twitter rest.

We have more fintechs here than in any other African country.

Someone commented that why do i need to have 1,000 ways to pay for a yam.

Unfortunately, many of these fintechs are the same solution with no new innovation. If you are planning to start a fintech and your major solution is still deposit and withdrawal, copying kuda, opay, palmpay and the 150 others, then you might fail.

With all the fintechs we have, absolutely no one has found a way to crack cross border payments. There's always one hook or another. You can't even send money from Nigeria to Mali except you are using a dorm account

tensazangetsu20:

With all the fintechs we have, absolutely no one has found a way to crack cross border payments. There's always one hook or another. You can't even send money from Nigeria to Mali except you are using a dorm account

That issue is Meffy based.

The Naira is on drip. If they should open cross border anything... that currency go reach N2,000 to the USD fast fast.

Ordinary Form A payments, you need olive oil sold at Winners gate plus CAC water and Celestial candle to anoint the request.

This is the only reason why CBN frowns at crypto. Why do they keep bribing us with N5 per USD for inward remittances?

tensazangetsu20:


I think a lot of startup founders overestimate the Nigerian economy. The reality on ground isn't what is always on pitch desks. The real market in Nigeria is around 5 million max but people are always projecting 200 million people as a market which isn't right.

Well said. They overestimate not just the economy, but their solution. I say this as someone that knows a few solution driven tech bros. This includes the UK one. He is also onto this fintech stuff and when he talks about it, na too much fancy words. I ask him a question and more fancy words.

He rolled out a service and when I was hyping it for him, a friend asked me, what are they doing differently? He did tell me what they are doing differently and I wonder how they plan no sustain no charges in Nigeria. Right now I am just observing him.

tensazangetsu20:


It's crazy to be honest. Funding is scarce and a lot of them threw in the towel. Only the startups that raised millions of dollars are still standing now. One tech CEO I used to follow now works as an intern for a company in the UK. Was a bit shocked when I found out cause I always felt he was a badass programmer

💀

pocohantas:


Well said. They overestimate not just the economy, but their solution. I say this as someone that knows a few solution driven tech bros. This includes the UK one. He is also onto this fintech stuff and when he talks about it, na too much fancy words. I ask him a question and more fancy words.

He rolled out a service and when I was hyping it for him, a friend asked me, what are they doing differently? He did tell me what they are doing differently and I wonder how they plan no sustain no charges in Nigeria. Right now I am just observing him.

We agbayas/arugbo have seen this all before. The dot com boom of the 90s. Then to people were making websites for everything, venture capitalists were throwing money in the hope that the startup was the next Microsoft. It all crashed in the 2000s.

Warren buffet had refused to jump on the train because it violated one of his investing principles - you do not invest in a business where you do not understand how they make money. He was looking like an out of touch oldster until it all folded.

This is really zuck and the fallout of his meta nonsense. He wasted billions, went on a sacking spree to maintain paper profitability for the investors and now as is always the case, the rest of the industry is forced to follow suit. And now here we are.

Also a lot of ceo tech bros are really just burning through investors money without being prudent while hoping the incubation period pays off. Fiscal responsibility is ultimately far more critical that talent for a business

tensazangetsu20:


It's crazy to be honest. Funding is scarce and a lot of them threw in the towel. Only the startups that raised millions of dollars are still standing now. One tech CEO I used to follow now works as an intern for a company in the UK. Was a bit shocked when I found out cause I always felt he was a badass programmer

This is strange, a Tech CEO now intern? It might be just a front to get into the UK, so I don't trust this CEOs. Please which company is it? I want to go & verify by myself

tosinhtml:


This is strange, a Tech CEO now intern? It might be just a front to get into the UK, so I don't trust this CEOs. Please which company is it? I want to go & verify by myself

A lot of startups were fronts to get into the UK through tech nation visa. I think that's ending tomorrow

GloriousGbola:


We agbayas/arugbo have seen this all before. The dot com boom of the 90s. Then to people were making websites for everything, venture capitalists were throwing money in the hope that the startup was the next Microsoft. It all crashed in the 2000s.

Warren buffet had refused to jump on the train because it violated one of his investing principles - you do not invest in a business where you do not understand how they make money. He was looking like an out of touch oldster until it all folded.

This is really zuck and the fallout of his meta nonsense. He wasted billions, went on a sacking spree to maintain paper profitability for the investors and now as is always the case, the rest of the industry is forced to follow suit. And now here we are.

Also a lot of ceo tech bros are really just burning through investors money without being prudent while hoping the incubation period pays off. Fiscal responsibility is ultimately far more critical that talent for a business

Oh well In my opinion, this is the foundation of tech itself, many startups like WhatsApp & co never knew how they would make money & still doesn't make money but continued never the less. It's mostly success by trial & error motivated with a lot of hard work behind it. Metaverse is just like every other startup with great ideas that either didn't work or people didn't buy the idea. Before Tiktok, we had Vine in 2013 which is carbon copy of the former but the world wasn't ready for it. Remember years back that it was a Taboo for strangers to live in your house, now we have AirBnb that allows not only strangers live, but also share your parlour & food with you like families. Tech is trial & error, if it works, you're genius, if not, try another idea till you cash out.

GloriousGbola:


We agbayas/arugbo have seen this all before. The dot com boom of the 90s. Then to people were making websites for everything, venture capitalists were throwing money in the hope that the startup was the next Microsoft. It all crashed in the 2000s.

Warren buffet had refused to jump on the train because it violated one of his investing principles - you do not invest in a business where you do not understand how they make money. He was looking like an out of touch oldster until it all folded.

This is really zuck and the fallout of his meta nonsense. He wasted billions, went on a sacking spree to maintain paper profitability for the investors and now as is always the case, the rest of the industry is forced to follow suit. And now here we are.

Also a lot of ceo tech bros are really just burning through investors money without being prudent while hoping the incubation period pays off. Fiscal responsibility is ultimately far more critical that talent for a business

Is it wrong to make websites? Are we talking of actual websites that I know here? I think they made those websites for the wrong generation, because in 2023, I am always excited to see a business with website.

Yes to these CEOs wasting investor funds.

The downsizing in that industry isn’t out of place. They were already too much to start with.

studyless123:


Why is the company not willing to sponsor you since you will be earning almost 100k?

They clearly indicated they were looking for folks in EMEA and had no plans to sponsor for Visa Applications

pocohantas:


I know one. He didn’t shut down though. But he compressed his Nigerian operations. I tried not to use the word downsize as I do not know what he did with his staff and I chose not to ask.

😂😂😂. How does one "compress" their operations? Like they do the entire week's work in a day? The guy sacked his staff after getting is UK tech visa joor. Nigeria is such a big jungle only lions with brave hearts can survive in it

Qinglong:

Like in the interviews or he indicates so in cold emails?

In the interviews. It's not always successful pitching 1099 cos most places are looking for FTE. But he says he keeps mentioning it in every interview he gets. This was prior to his upgrade to his current role were he's an FTE working EMEA hours.

pocohantas:


Eweyyyyy!!!!🤣🤣🤣🤣 the system there would test you. If you don’t have mind, inferiority complex won’t allow you apply for their jobs. I don’t mean to be a pessimist, but somewhere in my mind, I have a feeling this one would have to shrink at some point.

Omo! The system will test you bad bad. Like squeeze the hell out of you. You either cry out that you don't really know it like that like that or you will be disgraced. Me when I started my role I told them krokro "me I don't know anything o. Na hungry pursue me to find job". My manager took a whole month to train me. Another month to shadow him before I start to waka small small.

airsaylongcome:


😂😂😂. How does one "compress" their operations? Like they do the entire week's work in a day? The guy sacked his staff after getting is UK tech visa joor. Nigeria is such a big jungle only lions with brave hearts can survive in it

No be from my mouth you go hear that one🤣🤣🤣🤣. Compress as in, they had 3 branches that I know of and only 1 is still up. I no know if the rest are now working remotely na.

As for the state of Nigeria. Portable done kuku talk say im be baboon and he lives in a zoo (Nigeria).

airsaylongcome:


Omo! The system will test you bad bad. Like squeeze the hell out of you. You either cry out that you don't really know it like that like that or you will be disgraced. Me when I started my role I told them krokro "me I don't know anything o. Na hungry pursue me to find job". My manager took a whole month to train me. Another month to shadow him before I start to waka small small.

Lmao! What is this? One month is good na. My own reach 6 months to be well grounded.

truthCoder:


That issue is Meffy based.

The Naira is on drip. If they should open cross border anything... that currency go reach N2,000 to the USD fast fast.

Ordinary Form A payments, you need olive oil sold at Winners gate plus CAC water and Celestial candle to anoint the request.

This is the only reason why CBN frowns at crypto. Why do they keep bribing us with N5 per USD for inward remittances?

Hahahaha....this is the most hilarious comment I've read today. Thank you for the laugh.

Totally agree with you that it's Meffy or rather the CBN that is setting hook to catch the Agbada of the Fintechs. Anything like cross-border to anywhere even Ghana and Naira will be in free fall. So what CBN are doing now is what Yorubas call "Folorunsho"

tensazangetsu20:

With all the fintechs we have, absolutely no one has found a way to crack cross border payments. There's always one hook or another. You can't even send money from Nigeria to Mali except you are using a dorm account

I think is because they are all sharing the same API. just different interface

pocohantas:


No be from my mouth you go hear that one🤣🤣🤣🤣. Compress as in, they had 3 branches that I know of and only 1 is still up. I no know if the rest are now working remotely na.

Lmao! What is this? One month is good na. My own reach 6 months to be well grounded.

Na real "compress" then. Or maybe they will describe it as "business compaction"

pocohantas:

Lmao! What is this? One month is good na. My own reach 6 months to be well grounded.

The one month was to allow me to waka small small. Me personally I sleep on one Iranian's YouTube channel for very in depth content. Pay for and attend some very technical training. I just realized that in this remote thing information, knowledge and confidence is key. We recently hired a Nigerian working from Turkey. And I was happy that at least we be two wey go fit dey relate well. Somehow the guy let slip his pay and I was horrified. He told them to pay him "anything" cos apparently he was "hustling" in Turkey earning the equivalent of USD250 monthly. I think they quadrupled his pay and he was really excited. This is someone that should easily have been starting at 10 times his previous pay with "abeg" from the company o. He told them to pay him "anything". I asked him if he did pay research before asking them to pay him "anything" and he said "wetin concern me? Anything wey dem pay me go better pass wetin I dey earn for Turkey". In my mind I'm like "this guy dey spoil market for me Nigerian o". Me that I researched pay for my role well and asked them to pay me 50% more than the average pay for my role before we agreed to 20% higher.

airsaylongcome:


Na real "compress" then. Or maybe they will describe it as "business compaction"



The one month was to allow me to waka small small. Me personally I sleep on one Iranian's YouTube channel for very in depth content. Pay for and attend some very technical training. I just realized that in this remote thing information, knowledge and confidence is key. We recently hired a Nigerian working from Turkey. And I was happy that at least we be two wey go fit dey relate well. Somehow the guy let slip his pay and I was horrified. He told them to pay him "anything" cos apparently he was "hustling" in Turkey earning the equivalent of USD250 monthly. I think they quadrupled his pay and he was really excited. This is someone that should easily have been starting at 10 times his previous pay with "abeg" from the company o. He told them to pay him "anything". I asked him if he did pay research before asking them to pay him "anything" and he said "wetin concern me? Anything wey dem pay me go better pass wetin I dey earn for Turkey". In my mind I'm like "this guy dey spoil market for me Nigerian o". Me that I researched pay for my role well and asked them to pay me 50% more than the average pay for my role before we agreed to 20% higher.

Chai! Poor guy. This is so touching, but he isn’t alone in this. A HR friend said $3/hr is not bad. Can you imagine $3, Airsay? I had to ask her what she earns currently and the thing shock me. I always thought most HRs are well paid.

I understand starting small, but don’t enter inside ground na. How does he begin to renegotiate this pay now?

Indeed you need a lot of confidence here.

tosinhtml:


Oh well In my opinion, this is the foundation of tech itself, many startups like WhatsApp & co never knew how they would make money & still doesn't make money but continued never the less. It's mostly success by trial & error motivated with a lot of hard work behind it. Metaverse is just like every other startup with great ideas that either didn't work or people didn't buy the idea. Before Tiktok, we had Vine in 2013 which is carbon copy of the former but the world wasn't ready for it. Remember years back that it was a Taboo for strangers to live in your house, now we have AirBnb that allows not only strangers live, but also share your parlour & food with you like families. Tech is trial & error, if it works, you're genius, if not, try another idea till you cash out.

All of those ideas are being funded by venture capitalists. The companies did not continue becaue of the ceos drive or hard work, but because the investors kept pumping money into it. This is also why twitter is now a mess. It has never made money and Elon wants value for his investment.

For every success, there are over 100 or more failures and the failure is usually funded with other people's money.

In the end tech is a business like any other business. It is not intended to change the world but to first and foremost make money for the investors. And that seems to be the correction that is going on right now.


Also this. It was supposed to be funny but what bros emotional damage said at the end is the reality


https://www.youtube.com/watch?v=314OLE6mKOo

tensazangetsu20:


You get even guys like qtguru and co who are doing well in Naija no plan to stay at all 😂😂

Bro, soon omo boy dey port, no vex say I no dey come gym, too much work

qtguru:


Bro, soon omo boy dey port, no vex say I no dey come gym, too much work

Same bros o

truthCoder:


True.

In addition, some models would stop working or not work in the long run. How do you want to survive in Nigeria when you simply cannot charge your customers fees. You want to compete with Opay et al? Ordinarily sms alerts that GTB charges once in a while, Nigerians wont let Twitter rest.

We have more fintechs here than in any other African country.

Someone commented that why do i need to have 1,000 ways to pay for a yam.

Unfortunately, many of these fintechs are the same solution with no new innovation. If you are planning to start a fintech and your major solution is still deposit and withdrawal, copying kuda, opay, palmpay and the 150 others, then you might fail.

I just downloaded opay app how do I go about registration?

jessylaurel:


I just downloaded opay app how do I go about registration?

I dont have the application.

I am guessing it should be just signing in and providing details.

If a user has to ask this question, then the UX process on the app is poor. Very poor

pocohantas:


Chai! Poor guy. This is so touching, but he isn’t alone in this. A HR friend said $3/hr is not bad. Can you imagine $3, Airsay? I had to ask her what she earns currently and the thing shock me. I always thought most HRs are well paid.

I understand starting small, but don’t enter inside ground na. How does he begin to renegotiate this pay now?

Indeed you need a lot of confidence here.

It's okay to start small. But start well abeg. The only way to negotiate is to exit to another employer cos were do you start asking for 10x increase? Naija has flogged shege from our psyche that we are willing to accept pittance. I understand that ground no level but what people are willing to accept dey shock me. $3/hr for a HR role that the business has probably budgeted $10 or $15/hr. And the funny thing is that these employers end up loving the Nigerians they hire cos we dey work die. I worked briefly for Crossover and while it is somewhat tough getting in, they LOVE Nigerian staff. We can take anything thrown at us. For my Crossover role, I initially turned down an offer of $10/hr cos the workload and expectations did not match the pay. I got called a month later by the Romanian manager for a different Business Unit with $15/hr and "abeg". I took it and worked for a bit before leaving cos I got something better in my current field. Manager offered to increase pay, but me I don't look back when I put in my notice. Cos then you'd just be a sitting target for a future layoff. My God allow us to make the right decisions and request for the best available.

airsaylongcome:


It's okay to start small. But start well abeg. The only way to negotiate is to exit to another employer cos were do you start asking for 10x increase? Naija has flogged shege from our psyche that we are willing to accept pittance. I understand that ground no level but what people are willing to accept dey shock me. $3/hr for a HR role that the business has probably budgeted $10 or $15/hr. And the funny thing is that these employers end up loving the Nigerians they hire cos we dey work die. I worked briefly for Crossover and while it is somewhat tough getting in, they LOVE Nigerian staff. We can take anything thrown at us. For my Crossover role, I initially turned down an offer of $10/hr cos the workload and expectations did not match the pay. I got called a month later by the Romanian manager for a different Business Unit with $15/hr and "abeg". I took it and worked for a bit before leaving cos I got something better in my current field. Manager offered to increase pay, but me I don't look back when I put in my notice. Cos then you'd just be a sitting target for a future layoff. My God allow us to make the right decisions and request for the best available.

100% accurate.

For context, minimum wage in usa is $7.25/hr.

Do we blame the foreign employers? When you see Nigerian companies offering N70k per month for a fullstack developer and they will list requirements as if they want to write typescript documentation.

And our developers no sabi say no. Some employers would even insist you commute to their noisy office.

This is why i am happy that developers are leaving en masse. If you own a company and cannot afford to pay developers, buy typewriters.

airsaylongcome:


It's okay to start small. But start well abeg. The only way to negotiate is to exit to another employer cos were do you start asking for 10x increase? Naija has flogged shege from our psyche that we are willing to accept pittance. I understand that ground no level but what people are willing to accept dey shock me. $3/hr for a HR role that the business has probably budgeted $10 or $15/hr. And the funny thing is that these employers end up loving the Nigerians they hire cos we dey work die. I worked briefly for Crossover and while it is somewhat tough getting in, they LOVE Nigerian staff. We can take anything thrown at us. For my Crossover role, I initially turned down an offer of $10/hr cos the workload and expectations did not match the pay. I got called a month later by the Romanian manager for a different Business Unit with $15/hr and "abeg. I took it and worked for a bit before leaving cos I got something better in my current field. Manager offered to increase pay, but me I don't look back when I put in my notice. Cos then you'd just be a sitting target for a future layoff. My God allow us to make the right decisions and request for the best available.

Oh, Nigerians can work! At first they have this bias, but they get hooked eventually, We don’t say NO to work. I never knew it was normal to say NO until I saw the Ukrainian guy do it over and over. I started saying NO sometimes with valid reasons. I am on leave now and that guy messages me everyday.

I do hope they learn o. Because if you tell them, they will misinterpret you. I allowed her put the $3/hr. That is like 88k a week. Not bad.🤐

pocohantas:


Oh, Nigerians can work! At first they have this bias, but they get hooked eventually, We don’t say NO to work. I never knew it was normal to say NO until I saw the Ukrainian guy do it over and over. I started saying NO sometimes with valid reasons. I am on leave now and that guy messages me everyday.

I do hope they learn o. Because if you tell them, they will misinterpret you. I allowed her put the $3/hr. That is like 88k a week. Not bad.🤐

At the bolded, many start thinking that you are "forming" or that you are proud. So me I don't "chook" mouth in those kinds of advice.

Regarding the Ukrainians, those guys are everywhere shaaaaa. We have a team of Ukrainian developers. They are very good and don't get pushed around easily. They put in their best during work hours. But will not accept being pushed around. There's currently a major malware breach in my niche (VOIP telephony) where the app of one of the major players (3CX) got compromised by North Korean hackers. So all competitors are trying to review their apps to ensure they aren't in the cross hairs. Our Ukrainian devs are working intensely combing our code, and have made it clear to management that there'd be a bill for that. And management told them to "fire down". I'm sure a Nigerian dev would have accepted the increased work load without batting an eye lid. We (Nigerians) may have a bad reputation, but when they meet those ready to work, they know we go hard without complaints