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Is Japa Worth It? - Career (13) - Nairaland

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Re: Is Japa Worth It? by lastkingsman: 9:20am On Jul 26, 2023
tensazangetsu20:
Bros I know people insanely skilled that will kill for a 200k job now. This were people earning more than 3000 USD o. Life happens fast in naija o. It's not even about how good you are, you being in Nigeria is a factor many do not want to deal with at all
True talk. Nigeria doesn't provide any safety net or security. It's a jungle where things can quickly go from high to zero.
Re: Is Japa Worth It? by tensazangetsu20(m): 9:22am On Jul 26, 2023
lastkingsman:
True talk. Nigeria doesn't provide any safety net or security. It's a jungle where things can quickly go from high to zero.
Gbam. My German friend that was laid off just took a holiday to travel and come back to Germany and got a job In 2 weeks cheesy cheesy. Government was paying him all the time there was no job o. Nigeria has no social contract. Even as highly capitalistic as the US is, there's a social safety net.
Re: Is Japa Worth It? by lastkingsman: 9:49am On Jul 26, 2023
tensazangetsu20:
Gbam. My German friend that was laid off just took a holiday to travel and come back to Germany and got a job In 2 weeks cheesy cheesy. Government was paying him all the time there was no job o. Nigeria has no social contract. Even as highly capitalistic as the US is, there's a social safety net.
A perfect example to illustrate my point. Someone can lose his job in Nigeria and that's it for a long period of time. Kai
Re: Is Japa Worth It? by Love800(m): 9:53am On Jul 26, 2023
Can one start a business in abroad?

I thought it was only employment jobs that exist there.
Lotechi:
I am not sure the country you are thinking of relocating to, or the relocation pathway. Because your experience in western countries is to a large extent dependent on the immigration pathway taken.
Assuming you are coming to the U.S as a skilled professional or H1-B employee, you need to know that as a software engineer in the U.S, you will make more than $3k per month. If you have an M.Sc from an American university, you should be able to make $100k+ per year in the U.S
Yes, it is more expensive to live in the U.S, but you earn more when you live here, and if you are entrepreneurial, you have access to relatively cheap loans to start and build your business ideas. In addition, the life here is way better and easier compared to Nigeria, and this is because of abundance of basic amenities, quality education, sound healthcare, no significant corruption, and food here is so cheap, among other things.
Re: Is Japa Worth It? by Gerrard59(m): 9:54am On Jul 26, 2023
yewit37486:
OP, hear from the horse's own mouth.

https://www.reddit.com/r/eupersonalfinance/comments/159dsbe/why_is_it_difficult_to_get_rich_in_the_eu/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=2
Apples to oranges. OP is a black African and a Nigerian. His approach towards life differs from white people.

Also, how many people are even rich in Nigeria when the total number of HNWIs has declined over the past five years? You Yewit37486, are you rich judging by global standards?
Re: Is Japa Worth It? by lastkingsman: 10:06am On Jul 26, 2023
Gerrard59:
Certainly residing somewhere in Ado-Ekiti chanting that Australia and New Zealand are fvcked beyond repair. grin grin grin grin grin grin grin

The braggadocio and nonsense you people spew on this forum is befuddling.
Just checked the GDP per Capita of Australia in USD and I was smiling.

To much of cassava, agbado, corn, yam... Is a problem
Re: Is Japa Worth It? by cyrusmillz: 10:07am On Jul 26, 2023
Fsboperator2:
Only if it's the US.

Canada and UK nah scam.

Germany is cool but there is the German work ethics and OCD that will drive you mad.

Avoid EU entirely because like Canada and UK, it's a tax plantation.

Australia and New Zealand are fcked beyond repair.

Thank me later
Do you live in any of these countries ?
Re: Is Japa Worth It? by azpekuliar: 10:19am On Jul 26, 2023
IbeOkehie:
As I've written before, as I've explained extensively, I know people who've done unskilled labor like cook, janitor, nurse assistant, driver for 20 to 30 years in the USA, some of them are still illegal residents till this very moment. They live better lives than 99% of people in Nigeria. They all own homes in decent neighborhoods, their teenage or university age children drive and own cars. How much more people earning over $100K? Anyone earning $400K/yr has a higher income than 99% of USA citizens. That's the verified, accurate data. For your information, the MEDIAN and AVERAGE household - not individual, household - income in the USA is around $65K per year. If someone earning TWICE that amount is suffering, that means ALL of the USA is suffering.

Compare that to Nigeria where only 0.5% of workers earn over ₦‎200K. I've seen how Nigerians celebrate and dream of earning ₦‎500K per month, it's a huge salary for them...ordinary $650 cheesy and the naira is buying less and less everyday. I talk to people in Nigeria and I know what they're telling me, so anyone earning $3K is a rarity and coming from anyone on Nairaland and living in Nigeria, it's likely they're lying. It's not even as if they're using their real name. No credibility at all.

I lived in the USA for about 15 years before RETURNING to Nigeria and I know what I experienced. Nigeria is a hell hole. And I did the sane, logical and proper thing and returned to the USA where I belong. Those who thrive in cesspools can choose to live in Nigeria, good on them.

I'd like to hear from this fellow today - this is a thread from 2007

https://www.nairaland.com/33866/relocate-abroad-despite-having-bright





Good Luck to Nigerians!
Over to you lagbaja. Did you do it?
Re: Is Japa Worth It? by yewit37486: 10:24am On Jul 26, 2023
Gerrard59:
Apples to oranges. OP is a black African and a Nigerian. His approach towards life differs from white people.

Also, how many people are even rich in Nigeria when the total number of HNWIs has declined over the past five years? You Yewit37486, are you rich judging by global standards?
I don't understand why you are defensive and aggressive in almost all your responses here. Please, I do not have the interest in such aggression. Let the OP read and come to whatever decision he chooses. Se fini.
Re: Is Japa Worth It? by Gerrard59(m): 10:29am On Jul 26, 2023
yewit37486:
I don't understand why you are defensive and aggressive in almost all your responses here. Please, I do not have the interest in such aggression. Let the OP read and come to whatever decision he chooses. Se fini.
I am aggressive to liars, hypocrites and people who support APC yet constantly discourage others from relocating. Again, your reddit thread does not concern the average black African. Not in anyway close.
Re: Is Japa Worth It? by theamazonguru(m):
Kelechi009:
This doesn't make sense, you cannot fall into poverty if you earn 3000 every month for one year.
That's almost 20 Million Naira in savings. You are a multi millionaire after one year.
I laugh in Spanish.
If the guy doesn't know what he is doing,he won't be able to account for those millions.

I know someone who works with Shell as a full staff for years.
Oga dey collect big money, that money enter his head, na so the guy dey show off, live extravagant, travel out on vacation every year, yet he doesn't have a piece of land even after over 15 years of working with Shell.

Yes people will envy him because he drives nice cars, lives in a lovely estate, but oga no get anything to secure his future.

People act differently when they get access to funds they never thought was possible, they keep saying the source is always there and it will keep coming.

I once got a contract job that paid 150k monthly, with 2k daily out station allowance paid, there was this my colleague Paul. This guy makes sure he spends that 2k everyday because he believes it is his due and another one will be paid the next day.
After 10 months of earning 150k/month, 2k daily,this guy could not account for what he did with his income.
He was arguing with me that we haven't collected UpTo 10 months salary.

Meanwhile from that same income, I bought my first land, started building it.
This was 12 years ago.

I have another guy who earn 600k monthly, dude will still come and borrow money before the next salary comes. This has been his habit.

So do you think this guy despite earning $3k can not also fall in the same category with these guys ?

Dey play.
Re: Is Japa Worth It? by MT:
Gerrard59:
The MT man you are replying to worked in the oil industry in Nigeria and later relocated to the US, Texas specifically. This is someone who complained that he and his Nigerian colleagues were looked down upon when they were in Nigeria. He stated everything here on Nairaland. His eyes opened when he moved to the US. Thus, he is an American citizen. He would lie that having a second passport is not important, but will not consider that travelling even for the wealthy these days is not easy as visas get denied. That's where the passport comes from.

It is this hypocritical wickedness that I detest. The same man has this innate envy towards Ednut1, which I cannot comprehend. He lied through his fingers that Canadians and Mexicans cannot work in the US even though every bloke knows what a TN visa is for. The same man believes Ednut1 dey wash corpses in Canada. Worst of it, the same MT man campaigned and supported Tinubu during the last elections.

In my books, anyone who supported Tinubu is a wicked and terrible person considering the events before and after the elections.
Sorry to burst your bubble, you have mixed me up with another person.

I have neither claimed to work in the oil industry ever nor claimed to live in Texas. I have only gone as far as to state that I work in an IT industry with many years experience, and I have contributed in the IT section multiple times..

I won't come to a public platform to gloat over my experience abroad. If you are a lapdog to the person you mentioned, you are free to, our conversation took a particular trajectory and I exposed the person's inconsistencies few years ago.

So, instead of holding on to bitterness for many years, why don't you walk past when you see my post ?. You don't need to rebut whatever I say, instead of mixing me up with another person in order to drive home your false claim. My posts are there for you to reference, go and quote where I stated any of your claim.

I never claimed that going abroad is bad. I never claimed that having a foreign passport is bad. There is a caveat to each case and individual's cases are never the same. Anyone that says anything differently from the view you hold must be your enemy. I don't paint life with a broad brush, like you are doing

And regarding the TN visa, I have so much going on for me than to relitigate the past. Believe whatever suits you, your cup of tea.

I won't reveal my identity here to claim a cheap propaganda. Knowledge is profitable to direct.

So, if we see any good policy by this current administration, we should not say it so as not to offend the god that you are. Be open minded and accommodate other people's views, mister. That's the way you grow and not live in bitterness throughout your day on earth.

I'm still pleasantly amused that you take life on public platform this serious to be bitter over a thread of years past. I don't even recognize your existence on this platform. How do you treat people around you if you are this bitter to someone you have never seen or met? You have a lot of growing up to do. Everyone is a crocodile on public domain whereas they are ants in real life. Grow up, son.

PS: Shockingly this dude went to open another thread and linked our discourse here to.a political party. How divisive, ignorant and childish can @Gerrard 59 be? How low can he sink over a simple discourse? (https://www.nairaland.com/7778685/why-apc-supporters-against-relocation#124666825)
Re: Is Japa Worth It? by yewit37486: 10:39am On Jul 26, 2023
Gerrard59:
I am aggressive to liars, hypocrites and people who support APC yet constantly discourage others from relocating. Again, your reddit thread does not concern the average black African. Not in anyway close.
That's your problem.
Re: Is Japa Worth It? by IbeOkehie: 11:11am On Jul 26, 2023
MT:
Sorry to burst your bubble, you have mixed me up with another person.

I won't come to a public platform to gloat over my experience abroad.

So, instead of holding on to bitterness for many years, why don't you walk past when you see my post ?

I never claimed that going abroad is bad. I never claimed that having a foreign passport is bad. There is a caveat for each and individuals cases are never the same. Anyone that says anything differently from the view you hold must be your enemy. I don't paint life with a broad brush, like you are doing

And regarding the TN visa, I have so much going on for me than to relitigate the past. Believe whatever suits you, your cup of tea.

I won't reveal my identity here to claim a cheap propaganda. Knowledge is profitable to direct.

So, if we see any good policy by this current administration, we should not say it so as not to offend the god that you are. Be open minded and accommodate other people's views, mister. That's the way you grow and not live in bitterness throughout your day on earth.

I'm still pleasantly amused that you take life on public platform this serious to be bitter over a thread of years past. I don't even recognize your existence on this platform. How do you treat people around you if you are this bitter to someone you have never seen or met? You have a lot of growing up to do. Everyone is a crocodile on public domain whereas they are ants in real life. Grow up, son.
This is the usual argument by those caught lying or making irrational claims on this forum. Their ANONYMOUS view is as credible as any other and there's nothing anyone can do about it.

🙄

You're right. Nothing on Nairaland is worth taking seriously. It's mostly NIGERIANS, the human beings who collectively produced the official Poverty Capital of the World.

Good Luck with all that.
Re: Is Japa Worth It? by NaBanga: 11:25am On Jul 26, 2023
If you are earning $3,000 a month in Nigeria, do not travel abroad. I am a abroad and I can tell you that there are even some who do not earn that here, on top of the excessive bills. Don't be foolish. Use the money where you are and build your life in Nigeria.
Re: Is Japa Worth It? by Love800(m): 11:30am On Jul 26, 2023
Nice.

Tankz
franchasofficia:
Residential house is a house you built for you and your family to live.


Rented apartment is a house you built for rent to tenants to be collecting annual rent (Nigerian style).


Why is building a residential house at the age of 45yrs below a waste?


Imagine you buy a plot of land for 15million, and spend like 30million to build a 4 bedroom duplex on it.

It means every year, you and your wife and kids spend 30million (I subtracted the 15million used to purchase the land) on rent. Whereas you can use 1million to rent a decent flat in a nice environment annually. While your land appreciates. Empty lands appreciate faster than built land.


Imagine if you use that 30million to buy 2 more lands.

In 10 years, they will be worth nothing less than 100million if you decide to sell them. So in 10 years you have 100million savings from the 30million and 10million spent on rent, if you do the calculation, you saved 60million in 10 years.


But if you built a residential house with the 30million, in 10 years, highest you will sell the house and land you built the duplex on is 60million.


Same applies to rentable apartment.


They are for civil servants who don't want to invest in business that can incur loss, as a retirement plan not for active young people to tie their saved capital down instead of investing it on a more profitable business that will generate more returns or using it to buy many lands with full govt papers in secure environments
Re: Is Japa Worth It? by Lagbenjo: 11:44am On Jul 26, 2023
SpatialKing:
No matter what at least

Get a post graduate degree in any top rank schools abroad another especially in USA, UK or Canada.

Then come back to Nigeria to pick up international organizations jobs like UN, USAID, UK Aid etc..
Or country office of Microsoft, Cummins Inc, KPMG, PwC, etc..

Better still join NCC, NIMASA, NNPC etc
Am sure you are not yet a graduate. Na so Dem dey pick am up ! Are those companies you mentioned your fantasies ?
Re: Is Japa Worth It? by franchasofficia: 11:52am On Jul 26, 2023
Love800:
Nice.

Tankz
Welcome
Re: Is Japa Worth It? by IbeOkehie:
franchasofficia:
Empty lands appreciate faster than built land.

Imagine if you use that 30million to buy 2 more lands.

In 10 years, they will be worth nothing less than 100million.

They are for civil servants who don't want to invest in business that can incur loss, as a retirement plan not for active young people to tie their saved capital down instead of investing it on a more profitable business that will generate more returns or using it to buy many lands with full govt papers in secure environments
There's nothing like safe land in Nigeria. No amount of government papers can guarantee your "ownership" of any land, built or not.

Profit of 100 million naira adjusted for inflation in Nigeria comes out to very little profit. Calculate it in dollars and pounds sterling to understand. Anyone who has owned lands or buildings in Nigeria can testify to all this but Nigerians like to live in denial.

Recently the former Labour Minister Festus Keyamo, SAN wrote a Facebook post showing off a new home he bought in a small Texas town and also another one he bought in Statesville, a small town in North Carolina. Mr Keyamo knows what you should know - property ownership is NOT secure in Nigeria. Because the Land Use Act is a real thing. Nobody owns land in Nigeria. You can CLAIM you own land but the LAW says otherwise.

Anyone earning money in Nigeria should try to convert as much as possible to hard currency AND if feasible buy investments in countries with secure property rights and free markets.

Mr Keyamo is a real person. Anyone can take him more seriously than an anonymous handle on Nairaland.

Have a good day.
Re: Is Japa Worth It? by Kobicove(m): 12:53pm On Jul 26, 2023
IbeOkehie:
As I've written before, as I've explained extensively, I know people who've done unskilled labor like cook, janitor, nurse assistant, driver for 20 to 30 years in the USA, some of them are still illegal residents till this very moment. They live better lives than 99% of people in Nigeria. They all own homes in decent neighborhoods, their teenage or university age children drive and own cars. How much more people earning over $100K? Anyone earning $400K/yr has a higher income than 99% of USA citizens. That's the verified, accurate data. For your information, the MEDIAN and AVERAGE household - not individual, household - income in the USA is around $65K per year. If someone earning TWICE that amount is suffering, that means ALL of the USA is suffering.

Compare that to Nigeria where only 0.5% of workers earn over ₦‎200K. I've seen how Nigerians celebrate and dream of earning ₦‎500K per month, it's a huge salary for them...ordinary $650 cheesy and the naira is buying less and less everyday. I talk to people in Nigeria and I know what they're telling me, so anyone earning $3K is a rarity and coming from anyone on Nairaland and living in Nigeria, it's likely they're lying. It's not even as if they're using their real name. No credibility at all.

I lived in the USA for about 15 years before RETURNING to Nigeria and I know what I experienced. Nigeria is a hell hole. And I did the sane, logical and proper thing and returned to the USA where I belong. Those who thrive in cesspools can choose to live in Nigeria, good on them.

I'd like to hear from this fellow today - this is a thread from 2007

https://www.nairaland.com/33866/relocate-abroad-despite-having-bright





Good Luck to Nigerians!
If you are an illegal and undocumented migrant, how then is it possible for such a person to purchase a home since he does not have social security number and other necessary documents? undecided
Re: Is Japa Worth It? by Litmus:
This may sound facetious but I'm serious. If you feel Nigeria is hell on earth and anywhere outside Africa is better; however you now know Europe is bitterly against migrants, why not- as that US soldier did- try North Korea ?

North Korea benefits - off the top of my head:

1) N.Korea will welcome you since the regime has always wanted to seem legitimate befor the world's eyes. You migrating there would be used by them as endorsement.

2) North Korea will never let you leave, so you need not fear deportation.

3) You may live the life of a celebrity since you're certain to be used by the regime for publicity, specifically to show the glorious life that exist in North Korea for the people thanks to the beneficence of comrade Kim.

4) you may accidentally acquire super human abilities in any of the period you spend being experimented on.

5) you'll benefit from North Korea spoiling you as they drive to prove to the world that life for blacks in North Korea can be better than life in the West.

6) Since you'll be world famous due to international media discussing your case, if you ever manage to leave N.kora , a lucrative career awaits plying the T.V and radio interview circuit.

7) If you're one of those Strange Africans that live only for demarketing Nigeria, by migrating to North Korea, you'll strike a huge blow against Nigeria.
Re: Is Japa Worth It? by Desusi: 1:21pm On Jul 26, 2023
Gerrard59:
Stop lying through your fingers. He would earn more than that as a software engineer in those countries. Which abroad did you stay and what do you do for a living?
Is that how cheap to get permanent stay and working permit? Bloody liars? Whom do you think you're talking to? You never learn,wait and see.Nothing you think you have that oyinbo did not have,they would prefer their person to Africans,even with qualified certificate.
Re: Is Japa Worth It? by SpatialKing(m): 1:40pm On Jul 26, 2023
Lagbenjo:
Am sure you are not yet a graduate. Na so Dem dey pick am up ! Are those companies you mentioned your fantasies ?
Like I said earlier

Those who understand

Get the point already
Re: Is Japa Worth It? by Love800(m): 1:44pm On Jul 26, 2023
Bros, can one start food business in abroad?
lordchiz:
With 250k dollars?
Haba ogaa.....Na you go even employ white guys out there!
Even u fit run restaurant matters with better employees.....Barbing saloon there Na better money....buy one uber ride there.....change go remain!.....
Still dey run your remote job!
Guy u will be made for life even out there.....
U no go remember say u come from Nigeria!
Very useless Nigeria!
When I dey sleep ..I see Japa....wen I dey eat , I still see Japa....even if I dey toilet, my thinking is Japa.....Japa is all I care!
Nothing but Japa!
I repeat, Nothing but Japa oooooooo....
I just collected my passport for a start....
Make I begin find money small small so I fit leave!
Re: Is Japa Worth It? by bigrod2080: 1:45pm On Jul 26, 2023
Hey don't be foolish you think $3000 go make ur head big just Japa as you get the funds now opportunity very soon you go live ife of regret how wish I no you for Japa.Alot are looking for opportunity like you they didn't see hear you are with the funds you asking foolish question ❓⁉️⁉️❓❓❓ you better japa.my colics who is in Spain now is a big boy with 5 houses in Nigeria,3 hotels,7 lands,2 plaza with lot of cars.he told me let Japa together last 10yrs ago I refuse today I regretted it.do you think if he was in Nigeria he would have suceeded like this.you better run as fast as you can before you live to regret and be a failure.you have the funds don't think once not to talk of twice.Those telling you not to go don't want ur good if them get such opportunity them go Japa.
Re: Is Japa Worth It? by NuCypher: 4:20pm On Jul 26, 2023
hazinibones:
Hello Nairalanders,

I have this decision bothering me. I know it is a personal problem, but I believe everyone need some guidance at every point in life.

Straight to it, I have been considering Japa for over two years now and I think the opportunity might be here but I am having a cold feet.

I recently started working for a foreign company as a software engineer and the pay is decent when converted to Naira. Enough to live an averagely comfortable life. But my challenge now is that, I have been talking to some friends that are outside the country and they keep telling me how life is not easy there and cost of living is super expensive out there.

I currently earn $3000, which I plan to either save and travel or startup a business here in Nigeria. Please, Nairalanders with experience, is it worth japa to live an almost average life for almost the rest of your life or investing here in Nigeria and growing wealth?

The healthcare and quality education benefit is there as an advantage for japa though.

Thanks in advance for your responses!
The best advice you can get, in your situation, is to continue applying for remote jobs and also jobs in your country of choice (US, UK or Canada). For the first case, if you get a remote job while in Nigeria, you can increase your earnings a lot to, say, $6k and be in a better situation in Nigeria, in which case you don't need to japa. $6k in Nigeria and not paying taxes is the best situation you want to be in. Alternatively, if you get a better job outside of Nigeria and they sponsor your work visa, then you are better off. Only make sure that the job pays you way more than your current earnings, after factoring in taxes, accommodation, etc.

The mistake you shouldn't make is leaving your job to japa.
Re: Is Japa Worth It? by grandstar(m): 5:55pm On Jul 26, 2023
bigrod2080:
Hey don't be foolish you think $3000 go make ur head big just Japa as you get the funds now opportunity very soon you go live ife of regret how wish I no you for Japa.Alot are looking for opportunity like you they didn't see hear you are with the funds you asking foolish question ❓⁉️⁉️❓❓❓ you better japa.my colics who is in Spain now is a big boy with 5 houses in Nigeria,3 hotels,7 lands,2 plaza with lot of cars.he told me let Japa together last 10yrs ago I refuse today I regretted it.do you think if he was in Nigeria he would have suceeded like this.you better run as fast as you can before you live to regret and be a failure.you have the funds don't think once not to talk of twice.Those telling you not to go don't want ur good if them get such opportunity them go Japa.
What exactly did your friend in Spain do to make this money?

Why would he want to invest in property in Nigeria?

Real estate in developed countries is much profitable there as they use leveraging.

He is probably in some shady business. He isn't telling the truth.
Re: Is Japa Worth It? by lordchiz(m): 6:26pm On Jul 26, 2023
Love800:
Bros, can one start food business in abroad?
Na that one be say u don hammer quickly....
My babe elder sis is also a citizen there.....Na wetin she use atleast dey send a thousand dollar every months for her siblings here to jollificate.....
Sometimes she get contract from neighbours to cook Nigerian dishes or even normal dishes like fried rice, jollof, coconut rice and so on....
Food biz Na hot cake most especially in the US
Re: Is Japa Worth It? by lordchiz(m): 6:30pm On Jul 26, 2023
Justiceleague1:
Please what do you mean by 250k?
250 thousand dollar!
Him say e no wan suffer out there.....from his explanation.....he wants to be a big boy out there......3k dollars in US, Na average life u go dey live there and that's why I said he needs to get to 250k dollar to invest in something big overseas to even get people employed over there
Re: Is Japa Worth It? by Gerrard59(m): 7:02pm On Jul 26, 2023
Desusi:
Is that how cheap to get permanent stay and working permit? Bloody liars? Whom do you think you're talking to? You never learn,wait and see.Nothing you think you have that oyinbo did not have,they would prefer their person to Africans,even with qualified certificate.
If OP moves to any of those countries, he will earn more than he currently does. That is my point. It is not a lie. This is a verifiable fact anywhere. The tech industry cares less about the certificate, and more about the skill and relevant certification one possesses.
Re: Is Japa Worth It? by alphabbey1(m): 7:12pm On Jul 26, 2023
IbeOkehie:
There's nothing like safe land in Nigeria. No amount of government papers can guarantee your "ownership" of any land, built or not.

Profit of 100 million naira adjusted for inflation in Nigeria comes out to very little profit. Calculate it in dollars and pounds sterling to understand. Anyone who has owned lands or buildings in Nigeria can testify to all this but Nigerians like to live in denial.

Recently the former Labour Minister Festus Keyamo, SAN wrote a Facebook post showing off a new home he bought in a small Texas town and also another one he bought in Statesville, a small town in North Carolina. Mr Keyamo knows what you should know - property ownership is NOT secure in Nigeria. Because the Land Use Act is a real thing. Nobody owns land in Nigeria. You can CLAIM you own land but the LAW says otherwise.

Anyone earning money in Nigeria should try to convert as much as possible to hard currency AND if feasible buy investments in countries with secure property rights and free markets.

Mr Keyamo is a real person. Anyone can take him more seriously than an anonymous handle on Nairaland.

Have a good day.
You are just lying. If you acquire your property in the right way with your lawyer by your side, nobody's dragging it with you.... Stop feeding yourself with lies.....
Re: Is Japa Worth It? by alphabbey1(m): 7:24pm On Jul 26, 2023
IbeOkehie:
There's nothing like safe land in Nigeria. No amount of government papers can guarantee your "ownership" of any land, built or not.

Profit of 100 million naira adjusted for inflation in Nigeria comes out to very little profit. Calculate it in dollars and pounds sterling to understand. Anyone who has owned lands or buildings in Nigeria can testify to all this but Nigerians like to live in denial.

Recently the former Labour Minister Festus Keyamo, SAN wrote a Facebook post showing off a new home he bought in a small Texas town and also another one he bought in Statesville, a small town in North Carolina. Mr Keyamo knows what you should know - property ownership is NOT secure in Nigeria. Because the Land Use Act is a real thing. Nobody owns land in Nigeria. You can CLAIM you own land but the LAW says otherwise.

Anyone earning money in Nigeria should try to convert as much as possible to hard currency AND if feasible buy investments in countries with secure property rights and free markets.

Mr Keyamo is a real person. Anyone can take him more seriously than an anonymous handle on Nairaland.

Have a good day.
You are just lying. If you acquire your property in the right way with your lawyer by your side, nobody's dragging it with you.... Stop feeding yourself with lies.....

And unless your plan is to live in that country you are saving in its currency, you have no business saving in that currency... buying land in a developed area should be your best bet.... if you make a move to buy dollar at 870 it is now, This goverment can just bring a policy to drag the rate down to 600+, Exchange rate is not immune to coming down...

Think of how much people that bought dollar at 860 last year October lost when the rate went down to 730....
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