Theflint1:

This is deep.
My greatest joy na always say them no dey give price of goods or services based on your party card.

Itsrm:


In 2020, I had decent amount of money. I wanted to buy stocks at rock bottom prices but decided against it and built a house instead. It was the worst financial mistake of my life. Those stocks have now returned more than 300% since then. Meanwhile, I'm yet to fully collect rent of last year and the current year is almost running out. One day, I will cut my losses and sell off the house.

Now I'm fully anti building a house for rent. It's pure waste of money.

Except its for the flex of being a landlord and able to collect rents in kind from female tenants its not worth it

I remember telling Olowu this sometime this year. Its even worse if you are planning to collect the rent and send abroad

5M Naira rent which was over $10k before is now like $4k

LP party Senators reject party directives and collected their SUV

https://www.nairaland.com/7884030/lp-lawmakers-shun-abure-set

But when asked on Thursday whether LP lawmakers would do as Abure said, the lawmaker representing Delta Aniocha North and South, Ngozi Okolie, said Abure’s demands were unrealistic particularly because he had yet to provide them with alternatives to carry out their jobs.

The LP lawmaker said, “The SUVs are meant to aid our jobs as lawmakers, particularly as it relates to our oversight functions.

“Yes, he can say that the economy is struggling but having one official vehicle as federal lawmakers isn’t frivolous; it’s a necessity.”

raumdeuter:

Except its for the flex of being a landlord and able to collect rents in kind from female tenants its not worth it

I remember telling Olowu this sometime this year. Its even worse if you are planning to collect the rent and send abroad

5M Naira rent which was over $10k before is now like $4k

I wish I knew this earlier. It was a terrible mistake.

Aturitoroman:

E nor supposed better for you🙏🏽.

izzou:


E never late to buy

The optics are not looking good. This thing go reach 1500.

Meanwhile, air ticket will be at least 100k for a one way soon. My guy working at the airport told me.

Wahala for Sugar daddies and side chicks. Dem go use 3 days take organise quickie.

What Tinubu cannot destroy, does not exist.

My Return ticket Lagos-PH is N172k as at last week. God knows what it will be now.

raumdeuter:
LP party Senators reject party directives and collected their SUV

https://www.nairaland.com/7884030/lp-lawmakers-shun-abure-set

But when asked on Thursday whether LP lawmakers would do as Abure said, the lawmaker representing Delta Aniocha North and South, Ngozi Okolie, said Abure’s demands were unrealistic particularly because he had yet to provide them with alternatives to carry out their jobs.

The LP lawmaker said, “The SUVs are meant to aid our jobs as lawmakers, particularly as it relates to our oversight functions.

“Yes, he can say that the economy is struggling but having one official vehicle as federal lawmakers isn’t frivolous; it’s a necessity.”

make he request for Toyota Corolla naa instead of the suv

Same trip, minor differences

raumdeuter:

Except its for the flex of being a landlord and able to collect rents in kind from female tenants its not worth it

I remember telling Olowu this sometime this year. Its even worse if you are planning to collect the rent and send abroad

5M Naira rent which was over $10k before is now like $4k

It kinda works if you're able to buy or build in a highbrow area.
Huge capital outlay but rents creep up in choice locales.
Anything middle class or lower. Abort mission.
Or you eat the loss and hope to sell for multiples if long term projections of property value in the neighborhood are rosy.

The perennial FX crisis has been a major incinerator of wealth.
Meanwhile diasporan Indians are living the dream.

-Lord

I would not advise anybody on building anything now...My compound where I'm building a row of stores, the first part of the stores on one side of the land took about 1.5 million to roof early last year, this time I've spent that amount and then some only on wood...No workmanship, no aluminum and other miscellaneous..They just finished the wood work, I called the aluminum supplier and he said the price we agreed on is no longer possible as the price has increased by almost 15% just in two weeks...If I knew I would have not started the wood work at all cuz as long as there is already wood you must cover soon, may God help us for this country...

raumdeuter:

Except its for the flex of being a landlord and able to collect rents in kind from female tenants its not worth it

I remember telling Olowu this sometime this year. Its even worse if you are planning to collect the rent and send abroad

5M Naira rent which was over $10k before is now like $4k

Bros thanks to that convo with you & Ibime on the house matter, I got more clarity on my reasons to buy, so I decided to hold fire until I was on ground; bought 3weeks ago in phase 1 as oppose to Ikate; got a slightly bigger and better apartment & 15% less due to FX.

Buying now for me made sense as I am not expecting to repatriate any income generated, btw another angle is cost savings against hotels/accomdation cost when visiting Naija cos the prices are also on the up, paid averagely like N90k per night for a decent non international brand; likes of Raddissons will be maad money for 3weeks stay.

So I would still opine that maths still works for owning an apartment for shortlet especially in high brow areas.

Theflint1:
Donjazet is a Buharist.

I summarise it best as this;
2015 - pro APC\ anti-PDP
2019- Anti -pdp (protest vote).
And maybe I was indeed wrong for that 2019 vote.

No way Atiku would have been worse than Buhari. But anti-corruption has been my strongest word since I became politically conscious and corruption issues always determined who will ultimately get my vote. Fair to say PDP has been a child's play when it comes to the institutional multilayered corruption under APC. One that is set to continue under the grand looter of Lagos in the coming years.

Olowunl01:

Bros thanks to that convo with you & Ibime on the house matter, I got more clarity on my reasons to buy, so I decided to hold fire until I was on ground; bought 3weeks ago in phase 1 as oppose to Ikate; got a slightly bigger and better apartment & 15% less due to FX.

Buying now for me made sense as I am not expecting to repatriate any income generated, btw another angle is cost savings against hotels/accomdation cost when visiting Naija cos the prices are also on the up, paid averagely like N90k per night for a decent non international brand; likes of Raddissons will be maad money for 3weeks stay.

So I would still opine that maths still works for owning an apartment for shortlet especially in high brow areas.

Congratulations you suppose declare something for us oh

Cost of hotel can be very high. Radisson Blu, Marriott and highbrow hotels cost like 300k a night around May to July, with FX wahala it probably costs even more so it makes sense to get a place if you will be spending longer time

Who is winning?

The only funny thing today

https://www.nairaland.com/7884261/saudi-sheik-says-palestinians-real

Amoto

liveLongNprospa:
Who is winning?

Man Utd wins this easy.

liveLongNprospa:
Who is winning?

Apari will knock scummies head now and forever

Na.. Apc

nihilistjnr:


Until you can tell me what % of your income you currently pay in income tax, you will be put on the naughty step and ignored.

What your smooth brain is unable to understand is that the FG is subsidising too much relative to how much it earns. This does not preclude corruption from happening.

But when you see multiple presidents telling you fuel subsidy must end, including all 3 candidates in this election, when you see VP Osinbajo begging CBN to stop burning billions trying to prop up the Naira, when you see ASUU striking for months because FG can't afford to pay staff, it shouldn't sound too crazy to you to realise your country is broke.

When you hear CBN telling you that NNPC hasnt remitted monet into its accounts for months, and when NNPC comes back with a rebuttal that all its revenue is being used to service Nigeria's fuel subsidy commitments, then you should have a sense of what is really going on.

You are a gbolo complaining that fuel prices are at an all time high. What do you think kept them low in the first instance? To put in perspective, here in the UK, 50% of the pump price per litre of Petrol goes straight to the government in Tax.

Not only are the UK government not subsidising our petrol, they are literally doubling the pump price per litre through taxation.

You have never lived in a real capitalist society so you can't understand what I'm talking about. If FG were to let market forces run unfettered in that country, you would be crying tears of blood.

I take no joy in revisiting this. I've been saying this for years and personally evangelising the japa gospel publicly and privately for this reason.

Nigeria cannot get better in its current state, there are just too many vectors working against it as a country.

The civil war was a huge opportunity missed for the future of the people that inhabit the accursed contraption called Nigeria.

If you can japa, do so. This country has nothing for you.

nihilistjnr:


I take no joy in revisiting this. I've been saying this for years and personally evangelising the japa gospel publicly and privately for this reason.

Nigeria cannot get better in its current state, there are just too many vectors working against it as a country.

The civil war was a huge opportunity missed for the future of the people that inhabit the accursed contraption called Nigeria.

If you can japa, do so. This country has nothing for you.

Under what circumstance do you think Nigeria can work if we take today as our starting point, Even with a break up, what are the things that can make it work?

Or what does "work" look like to set realistic expectations

They are caving in. Lol

But seriously..like some one said ..

It seems Naira is falling per hour.

Confirm free fall. What a disastrous administration.

Naira please fight back

liveLongNprospa:
Who is winning?

Man City 😑.

https://www.nairaland.com/7884370/wont-accept-non-indigene-mayor-aba

Aba not no man's land. Interesting

Lmaooo

Bank robbery Benue state innocent people killed just like that🤦🏾‍♂️

https://twitter.com/HillsMezie/status/1715461163855523852?t=ATOLXpXUVVp7tX6Iw7Sopw&s=19

Propaganda will wound this government

nihilistjnr:


I take no joy in revisiting this. I've been saying this for years and personally evangelising the japa gospel publicly and privately for this reason.

Nigeria cannot get better in its current state, there are just too many vectors working against it as a country.

The civil war was a huge opportunity missed for the future of the people that inhabit the accursed contraption called Nigeria.

If you can japa, do so. This country has nothing for you.

And when analyzing use this chart below for context and what can realistically be done. And how it makes things work

Factor the 200M population, National Income, Democracy cost and where we are at this point.

ibime look at this numbers and see where the hope might come from

raumdeuter:


Under what circumstance do you think Nigeria can work if we take today as our starting point, Even with a break up, what are the things that can make it work?

Or what does "work" look like to set realistic expectations

My opinion is likely to be controversial, and so I apologise in advance to anybody I might offend.

Nigeria is too big for the incredibly under-resourced government to administer to any degree of efficiency.

In all honesty, the way to fix Nigeria is to be cut throat and ruthless. When a ship sinks, the surviors must leave the victims to drown in a straight choice between survicval and saving lives.

Most of the North is a foregone conclusion. Most northern states were unwieldy , infeasible and economically impotent. There is no hope for that part of the country. There never was. They were backward since 1914. They were ill-equipped at the dawn of independence, and they are feudalistic society in 2023, sharing more in common with Middle Eastern Culture than they do with us in the south.

As if the modern day serfdom that hold sway in most of Nothern Nigeria is not enough, they have also historically and contemporararily clung tight to the more violent tenets of fundamental Islam, and so the affliction of utterly senseless violence that is shared by so many majority Muslim countries is present there, as well as the associated desire to pursue a stone age lifestyle.

I personally would cut everything above the confluence line loose to go and sort them selves out, as a minimum starting point. There is no place for them on the lifeboat. They must drown. I'm sorry.

Then I would examine what's left. This potentially leaves me with a yoruba country from ayetoro spanning all the way west to the Benin Republic border and then all the way south to Otta.

I see Lagos as another country. The areas around Lokoja, Kogi etc can be the Benue Republic with access to the coast through the river. Then there's Biafra around a core Igbo identity although I'm not sure this the likes of Edo Delta or Rivets state will join them, and not having access to coastline could prove a serious sticking point.

I think the Niger Delta is likely to break out into civil war if given the opportunity to do so. There's too many chiefs, warlords and guns, the rewards of access to oil money are too great, and the historical fault lines are too deep. I think this combination is too potent, and they will likely drown.

I think the cross river and calabar region is its own country as well.

I don't have an answer for Edo.

This is my starting point. I'm on my phone and I don't have the energy to flesh out my ideas all at once, but you might be able to guess what my ideas might be in terms of economic policies, political organisation, security architecture, and immigration issues.

Magnoliaa:


Man City 😑.

You know ball(s)

liveLongNprospa:
Who is winning?

Man shitty easily

As far na fergie dey touchline,apari will roast him no matter the star studded team he has...he gave us the most one sided UCL final ever on two occasions