₦airaland Forum

sweetkev:
700 houses ? Keep lying

dey there dey jonz..one of his houses has a personal transformer u think say na play

essentialone:
Why do most wealthy Nigerians prefer to live in Nigeria than to relocate abroad permanently?

the people on the pics you posted are super wealthy billionaires,from what I have seen even millionaires in onitsha,Lagos,aba,pH,Abuja etc with good thriving business do not fancy going abroad,people that japa wants economic freedom,if you have access to good money in Nigeria it is the best place in the world to live,the freedom is incredible,an offence that will cost you 25 years imprisonment in abroad will only cost you #25k at the police station.

finallybusy:
Their presence in the country is obviously the source of their wealth.

Dangote, Otedola and many oil CEOs can’t handle their affairs from outside the country. Their Nigerian managers will run down their businesses. Glo would have long closed shop if Adenuga decided to run things from the USA. Ordinary supermarkets, the cashiers and attenders always steal, talk less of a company run by a CEO without a physical presence.

Indeed.

GambaOsaka:
Cool down bro
$100k per night ?
Where?
Is it located in heaven ?
Haba

U dey mind d mumu??

advanceDNA:
I get your sarcasm.....but corruption is the problem Nigerian isn't doing well....not because the rich is paying low or flat tax rate with the poor


The emiratees are oil producers like us....they don't even levy income tax on on its citizens weda rich or poor.......

Yes, but their population is very small.

Kuwait with about 3m people produces more crude oil than Nigeria with a population 7 times as much. What do you expect?

Remember when Akpabio as governor of Akwa Ibom was splashing money anyhow due to the 13% oil derivation and high oil price? Now imagine Akpabio had 20 times that sum then and you might begin to understand how wealthy these Gulf Arab states are.

That is why they can afford not to administer taxes.

grandstar:
Yes, but their population is very small.

Kuwait with about 3m people produces more crude oil than Nigeria with a population 7 times as much. What do you expect?

Remember when Akpabio as governor of Akwa Ibom was splashing money anyhow due to the 13% oil derivation and high oil price? Now imagine Akpabio had 20 times that sum then and you might begin to understand how wealthy these Gulf Arab states are.

Ur point is??

One man stole enough money Nigeria can use for national budget... u are here talking population stats ...... don't get angree ooo ..


The emiratees didn't over steal their oil money..if they did .they will need to start taxing their people ...

If Nigerians politicians don't steal we will enjoy more basic amenities.... ordinary free education at primary and secondary school level is not even feasible, let alone water, and health care...... subsidy at all level is gone... abeg don't tell me about population

advanceDNA:
Why would u want to go to where tax is crazily high for the rich when u can be in nigeria, pay less, and flex on the poor...

You have Sense

There are different types of wealthy individuals, the super rich can make anywhere to feel like home for at least a month.
They have their private jets, mansions and luxury cars regardless of their location.
Most of them love Nigeria, but prefer to jet out from time to time to rest and for a peace of mind.
These super rich get whatever they want regardless of the country they reside….Every day is Xmas and every other day is new year.

It's simple. They have thriving businesses here so they don't need to go anywhere because it makes no sense . . The same thing applies to rich people everywhere . They're not looking for jobs. They travel as much as they want to and have the best of both worlds .

justwise:
You can if you can afford it.

same thing noni!!!

I guess that should have been his conclusion.....

If you read my comment very well, you would have noticed that I mentioned that "Most" (not all) people relocate abroad for economic reasons.

ednut1:
why does Atiku live in Dubai Why did Aisha Buhari relocate to Dubai while still a first lady Is it for economic reasons 🙄

hkidola00:
Dozy Mmobuosi is a nigerian billionaire in europe

In naira, not dollars.

gforce5:
Gerrard, I respect you a lot but that is not true. Have you ever heard of Mo Ibrahim? He's the richest black man in the UK from Sudan. As of last year, he was worth $1billion. He was the owner of CELTEL. He also has a popular foundation in Africa called the Mo Ibrahim foundation. Dude is not that famous due to the fact that he is low key. The man was in the Sunday Times Rich list for years (that should tell you that i have lived in the system for a while and cannot lie). Google him.

My bad, I apologise. I know about Mo Ibrahim and Strive, but I did not really have them since their wealth was not generated from the UK and/or Europe compared to their Indian and Pakistani counterparts.

sulaak:
Being a billionaire is not a sign of success in society.

The majority of Black Nigerian Britons are middle class, they own their property (Value £200 -500k) the will have an annual income of £50k and they are educated.

I beg to disagree. Depending on the industries in which the billionaires generate their wealth, it shows how dynamic and enterprising an economy is. So, the US is obviously a more successful society than the UK.

Yes, most of his wealth came from Africa but he started his business in the UK. The reason why Black Africans/Carribbeans aren't as successful as their Asians counterparts in the UK is due to various factors such as a lack of support system that our Asian counterparts in the UK enjoy and the inability of black brits to think outside the box and hack the financial system to our advantage. The Asian community in the UK, for the most part, is very united.

Gerrard59:
My bad, I apologise. I know about Mo Ibrahim and Strive, but I did not really have them since their wealth was not generated from the UK and/or Europe compared to their Indian and Pakistani counterparts.

advanceDNA:
I get your sarcasm.....but corruption is the problem Nigerian isn't doing well....not because the rich is paying low or flat tax rate with the poor

The emiratees are oil producers like us....they don't even levy income tax on on its citizens weda rich or poor.......

It is doing well, the nation comprise of social, traditional, political and mental/sychological...as a nation socially and traditionally we are still doing good, the problem is mental and political...the people are still resourceful, the natural resources still abounds, the economy keeps growing (scale of our economy, not government revenue), the people pays less taxes. It's actually a good thing to live where you pay less taxes and bills etc...

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advanceDNA:
Why would u want to go to where tax is crazily high for the rich when u can be in nigeria, pay less, and flex on the poor...

Lol! In America, rich people don't pay tax. Only the poor and Middle class do!

gforce5:
Yes, most of his wealth came from Africa but he started his business in the UK. The reason why Black Africans/Carribbeans aren't as successful as their Asians counterparts in the UK is due to various factors such as a lack of support system that our Asian counterparts in the UK enjoy and the inability of black brits to think outside the box and hack the financial system to our advantage. The Asian community in the UK, for the most part, is very united.

It probably means blacks are not as entrepreneurial as peddled in the media. My postulation is: the brains of first generation immigrants have been wired for enterprises suited to their dominant environments. But if so, what about second generation immigrants who grew up in the country and should have assimilated better than their parents? To be fair though, the UK isn't noted for big-time entrepreneurship and most of Europe's big businesses are in regulated industries and less dynamic in nature.

The bold has to do with the refusal to enter partnerships and forging alliances. Everybody wan be boss on hin own.

creativehubb:
It is doing well, the nation comprise of social, traditional, political and mental/sychological...as a nation socially and traditionally we are still doing good, the problem is mental and political...the people are still resourceful, the natural resources still abounds, the economy keeps growing (scale of our economy, not government revenue), the people pays less taxes. It's actually a good thing to live where you pay less taxes and bills etc...

Nigerians pay taxes, so I don't know why people parrot the claim that taxes are not paid. People tend to look at it from the formal sector as the informal sector is "less taxed". However, there is what is called a levy, which almost every business, no matter how big or small, pays. The combination of taxes and levies leads to multiple taxation, most of which are punitive. Also, in return for not paying taxes, people pay on their own for services, basic services o, which should have been provided by the government.

By not paying taxes, roads are not maintained, hospitals are not stocked up with standard equipment, security agencies have to be paid before they act on a case etc. I am an advocate for low taxes to ensure businesses thrive, but they are essential as they form the bond between the state and citizens. A society where people less to no taxes, with limited sources of revenues, is an anyhow society.

However, there are examples of where low taxes are paid and amenities are provided: UAE, Qatar, Switzerland, Luxembourg etc. The underlying theme is low population and excess natural resources. Nigeria is highly populated, so taxes are necessary to provide the needed infrastructure and amenities. Bonny Island can afford to be a "no tax" area, but Lagos cannot.

Gerrard59:
Nigerians pay taxes, so I don't know why people parrot the claim that taxes are not paid. People tend to look at it from the formal sector as the informal sector is "less taxed". However, there is what is called a levy, which almost every business, no matter how big or small, pays. The combination of taxes and levies leads to multiple taxation, most of which are punitive. Also, in return for not paying taxes, people pay on their own for services, basic services o, which should have been provided by the government.

By not paying taxes, roads are not maintained, hospitals are not stocked up with standard equipment, security agencies have to be paid before they act on a case etc. I am an advocate for low taxes to ensure businesses thrive, but they are essential as they form the bond between the state and citizens. A society where people less to no taxes, with limited sources of revenues, is an anyhow society.

However, there are examples of where low taxes are paid and amenities are provided: UAE, Qatar, Switzerland, Luxembourg etc. The underlying theme is low population and excess natural resources. Nigeria is highly populated, so taxes are necessary to provide the needed infrastructure and amenities. Bonny Island can afford to be a "no tax" area, but Lagos cannot.

I said low taxes as they implied, is better than too much taxes, from the citizens perspective.

essentialone:
Why do most wealthy Nigerians prefer to live in Nigeria than to relocate abroad permanently?

Is it not money we're going abroad to look for? If you already have a boatload of it, what exactly is the motivation for relocating abroad permanently?

Na to kuku stay Naija and be travelling for vacation and medical reasons.

Plus, believe me, there are benefits to having money and living in a third world nation.

You are very correct with your assertion. I would add that the greatest problem facing the black community in the UK is lack of unity. No sense of communal bond. We see each other as 'competition' that needs to be eliminated. Always want to be the top dog in the community. Just look at black professionals. We have associations for black lawyers, doctors and co but what do they do? Nothing. Just talk, Asians, especially Indians, are very cooperative with each other. They have the Immigration sector on lockdown. They are gradually taking over the Financial sector. 98% of corner shops in the UK are owned by Asians. Why can't black brits hack into that?

As bad as the UK is, it is easier for blacks to become richer there than in any other European country because of the population of blacks living there (the largest in Europe), the number of educated blacks, the language and established colonial ties. It's the lack of unity and orientation of black brits that is a stumbling block, After all, the richest black people in Europe are based in the UK.

Gerrard59:
It probably means blacks are not as entrepreneurial as peddled in the media. My postulation is: the brains of first generation immigrants have been wired for enterprises suited to their dominant environments. But if so, what about second generation immigrants who grew up in the country and should have assimilated better than their parents? To be fair though, the UK isn't noted for big-time entrepreneurship and most of Europe's big businesses are in regulated industries and less dynamic in nature.

The bold has to do with the refusal to enter partnerships and forging alliances. Everybody wan be boss on hin own.

gforce5:
You are very correct with your assertion. I would add that the greatest problem facing the black community in the UK is lack of unity. No sense of communal bond. We see each other as 'competition' that needs to be eliminated. Always want to be the top dog in the community. Just look at black professionals. We have associations for black lawyers, doctors and co but what do they do? Nothing. Just talk, Asians, especially Indians, are very cooperative with each other. They have the Immigration sector on lockdown. They are gradually taking over the Financial sector. 98% of corner shops in the UK are owned by Asians. Why can't black brits hack into that?

As bad as the UK is, it is easier for blacks to become richer there than in any other European country because of the population of blacks living there (the largest in Europe), the number of educated blacks, the language and established colonial ties. It's the lack of unity and orientation of black brits that is a stumbling block, After all, the richest black people in Europe are based in the UK.

Na we do ourselves. There is a level of cooperation and camaraderie amongst Chinese from different countries - Mainland China, Thailand, Taiwan, Singapore, Malaysia etc., except for maybe politics. But I don't see such amongst blacks from different regions except so-called diaspora wars and which women do this and that. Or could the UK's case be so because the blacks are from different regions, unlike the US, where the majority have a common origin?

Indians were not conspicuous in the financial sector? What do you mean by gradually taking over the financial sector? To be honest though, I am always afraid when Indians start flooding an organisation or country or field, it only means one thing; they would dominate it and employ their people over others, except probably the white man.

Second bold, there are more blacks in the UK than in France?

Yes, most black brits come from different nationalities, regions and ethnicities. As a result of these differences, there's so much infighting amongst the black community (black africans v black carribbeans, light skin v dark skin, somalians v other blacks). Big problem. Even the Nigerian community is not united. However, this is not an excuse. The Asian community is very diverse as well and they are running things.

Do you know why the Indian community is so successful in the UK? They studied the system and understood that the only way to gain power is to be like them. They sent their children to the most expensive boarding schools and networked with the creme de la creme. They knew that if you wanted to become a successful politician in the UK, you have to go Cambridge or Oxford. They succeeded in business by strategically living in areas dominated by other Asians (Bradford, Leicester, Bolton, Birmingham). With that comes the corner shops, restaurants, law firms, real estate agencies, car dealers, Kebab shops etc all run by them . With that kind of strategy, why won't an Asian become a billionaire before blacks?? Mo Ibrahim had to think outside the box in order to become a billionaire in the UK. He knew that he couldn't rely on the black community in the UK if he wanted to become rich.

Gerrard59:
Na we do ourselves. There is a level of cooperation and camaraderie amongst Chinese from different countries - Mainland China, Thailand, Taiwan, Singapore, Malaysia etc., except for maybe politics. But I don't see such amongst blacks from different regions except so-called diaspora wars and which women do this and that. Or could the UK's case be so because the blacks are from different regions, unlike the US, where the majority have a common origin?

Indians were not conspicuous in the financial sector? What do you mean by gradually taking over the financial sector? To be honest though, I am always afraid when Indians start flooding an organisation or country or field, it only means one thing; they would dominate it and employ their people over others, except probably the white man.

Second bold, there are more blacks in the UK than in France?

gforce5:
You are very correct with your assertion. I would add that the greatest problem facing the black community in the UK is lack of unity. No sense of communal bond. We see each other as 'competition' that needs to be eliminated. Always want to be the top dog in the community. Just look at black professionals. We have associations for black lawyers, doctors and co but what do they do? Nothing. Just talk, Asians, especially Indians, are very cooperative with each other. They have the Immigration sector on lockdown. They are gradually taking over the Financial sector. 98% of corner shops in the UK are owned by Asians. Why can't black brits hack into that?

As bad as the UK is, it is easier for blacks to become richer there than in any other European country because of the population of blacks living there (the largest in Europe), the number of educated blacks, the language and established colonial ties. It's the lack of unity and orientation of black brits that is a stumbling block, After all, the richest black people in Europe are based in the UK.

At the bold, is it just the black community in the U.K or the black race in general?

I would argue the latter.

It's the black race in general. We just don't like each other at all. It's mad.

Raalsalghul:
At the bold, is it just the black community in the U.K or the black race in general?

I would argue the latter.

gforce5:
Yes, most black brits come from different nationalities, regions and ethnicities. As a result of these differences, there's so much infighting amongst the black community (black africans v black carribbeans, light skin v dark skin, somalians v other blacks). Big problem. Even the Nigerian community is not united. However, this is not an excuse. The Asian community is very diverse as well and they are running things.

Do you know why the Indian community is so successful in the UK? They studied the system and understood that the only way to gain power is to be like them. They sent their children to the most expensive boarding schools and networked with the creme de la creme. They knew that if you wanted to become a successful politician in the UK, you have to go Cambridge or Oxford. They succeeded in business by strategically living in areas dominated by other Asians (Bradford, Leicester, Bolton, Birmingham). With that comes the corner shops, restaurants, law firms, real estate agencies, car dealers, Kebab shops etc all run by them . With that kind of strategy, why won't an Asian become a billionaire before blacks?? Mo Ibrahim had to think outside the box in order to become a billionaire in the UK. He knew that he couldn't rely on the black community in the UK if he wanted to become rich.

If there is one stereotype I have about British elites is always assuming they either studied at Oxford or Cambridge and few times, LSE or Imperial College. I have been wrong a few times. The only black politician I know of who studied at an Oxbridge is Bim Afolami, whose dad is/was a GP. Although there has been a rise in blacks studying at Oxbridge, but apart from costs, what else hinder the growth? I think the route /path of migration matters a lot in wealth building apart from social/ethnic/racial cohesion.

Which sectors/industries do educated blacks in the UK tend to congregate the most? I think of medicine, law, finance and higher education. In your opinion, which sectors lead to the upper middle class in the UK, apart from finance and elite law?

Lastly, I think we should be distinctive about "Asian communities". This is because East Asian communities have little in common with South Asian. East Asian tend to dominate in North America.

Yeah, it's a massive stereotype that you have to be a graduate of the Oxbridge schools in order to make it to the top in the UK. It's not always true though. There are exceptions though. Kemi Badenoch studied at Sussex and Birkbeck (University of London), Alok Sharma studied at the University of Salford and Priti Patel (University of Keele). Kwasi Kwarteng (the previous Chancellor of the Exchequer) studied in Cambridge and his father was a GP. Apart from costs, what hinders the growth of black politicians in the UK is institutional racism and inability to master the system. Our Asian brothers understand politics. Just look at it, they have penetrated the Conservative Party in massive numbers. Blacks have been voting for Labour for donkey years with nothing to show for it!

As for the sectors that black brits congregate the most, it's hard to say as blacks are scattered in every sector in the UK (Finance, real estate, construction, etc). Do you mean upper middle class whites or upper middle class blacks? I also agree that "Asian communities" in the UK needs to be distinguished. 80% of British Asians are from South Asia of which Indians constitute the majority. Indians are the most successful out of all of them (obviously) followed by the Chinese. Pakistanis are in the middle (not that successful but not that poor). Afghans,Iraqis, Syrians and some Bangladeshi are at the bottom of the social ladder for Asians in the UK.

Gerrard59:
If there is one stereotype I have about British elites is always assuming they either studied at Oxford or Cambridge and few times, LSE or Imperial College. I have been wrong a few times. The only black politician I know of who studied at an Oxbridge is Bim Afolami, whose dad is/was a GP. Although there has been a rise in blacks studying at Oxbridge, but apart from costs, what else hinder the growth? I think the route /path of migration matters a lot in wealth building apart from social/ethnic/racial cohesion.

Which sectors/industries do educated blacks in the UK tend to congregate the most? I think of medicine, law, finance and higher education. In your opinion, which sectors lead to the upper middle class in the UK, apart from finance and elite law?

Lastly, I think we should be distinctive about "Asian communities". This is because East Asian communities have little in common with South Asian. East Asian tend to dominate in North America.

lots of generalizations here... many one percenters have homes in multiple countries and maintain a presence Nigeria for business reasons, networking and maintaining their social relevance. Many big decisions and business moves are initiated at some of the parties we see them attending so they have to maintain a presence in Nigeria to some extent. A lot of them technically live in two or three countries and they take their domestic help along with them in addition to regular staff that they maintain in their homes worldwide. I was surprised to see a comment saying they can't have domestic staff abroad I don't know why anyone will think a billionaire's maid or assistant will not have access to any country's visa to follow their boss around the globe. The people that have just relocated should please try and live abroad for a while and expand your experiences before coming to generalize and paint a picture that is inaccurate and only shows a lack of exposure.

gforce5:
Yeah, it's a massive stereotype that you have to be a graduate of the Oxbridge schools in order to make it to the top in the UK. It's not always true though. There are exceptions though. Kemi Badenoch studied at Sussex and Birkbeck (University of London), Alok Sharma studied at the University of Salford and Priti Patel (University of Keele). Kwasi Kwarteng (the previous Chancellor of the Exchequer) studied in Cambridge and his father was a GP. Apart from costs, what hinders the growth of black politicians in the UK is institutional racism and inability to master the system. Our Asian brothers understand politics. Just look at it, they have penetrated the Conservative Party in massive numbers. Blacks have been voting for Labour for donkey years with nothing to show for it!

As for the sectors that black brits congregate the most, it's hard to say as blacks are scattered in every sector in the UK (Finance, real estate, construction, etc). Do you mean upper middle class whites or upper middle class blacks? I also agree that "Asian communities" in the UK needs to be distinguished. 80% of British Asians are from South Asia of which Indians constitute the majority. Indians are the most successful out of all of them (obviously) followed by the Chinese. Pakistanis are in the middle (not that successful but not that poor). Afghans,Iraqis, Syrians and some Bangladeshi are at the bottom of the social ladder for Asians in the UK.

Thank you for your response. Seeing those South Asians at the bottom tells me that culture is everything. You are right that blacks in the UK are not fully represented compared to their cousins in the US - Democratic Party. Also, the Conservatives were smart by nurturing ethnic minorities within the party. David Cameron did the magic, and that is where the Republican Party failed in the US.

In your opinion, what do you think or predict of the recent black African migrants in the UK in a decade's time?

I don't know what to say really. I can't predict the economic standing of black brits in the next 10 years or so. I can only say that they need to get their acts together or they will be still at the same level/left behind. I will tell you that those Indians are going to be more dominant. They have literally penetrated every sector bar the military and religion. The natives will NEVER allow them to dominate the military. That's their identity. Same with the Church and Monarchy.

Gerrard59:
Thank you for your response. Seeing those South Asians at the bottom tells me that culture is everything. You are right that blacks in the UK are not fully represented compared to their cousins in the US - Democratic Party. Also, the Conservatives were smart by nurturing ethnic minorities within the party. David Cameron did the magic, and that is where the Republican Party failed in the US.

In your opinion, what do you think or predict of the recent black African migrants in the UK in a decade's time?