IbeOkehie:


Most of the Anti-Japa Crew will never want to tackle that question 🙄 My experience living in Houston gave me some insight. Suffice to say that the proportion of Nigerians living at the world middle class standard of income & wealth is tiny.

You can even get an inkling of the reality right here on Nairaland. Most of the Nigerian residents who comment here regard a ₦500K
or $500 monthly income as superlative. This likely means very few Nigerians earn this amount. Which gives some credence to reputable surveys and my own direct observations and sources that less than 0.5% of Nigerian adults earn over ₦200K per month.

Regarding 500K as monthly income, it depends on the industry and role one is employed at. The reality is: the industries that can afford such a salary is few compared to developed countries, especially in Anglo-Saxon countries. That is what we tend to forget. Also, such a salary is only available in Lagos, Abuja, Port-harcourt and maybe, just maybe, Kano. Outside those places, salaries are very low and depressing for the residents. Yes, the living costs are also low, but most times, there are very few "good paying" jobs by Nigerian standards available in those places. Statistics say most Nigerians work in the agricultural sector, which is largely subsistent. What I want to know is how that is between southern Nigerian and northern Nigeria.

To be on the fair side, I don't like converting naira earnings to dollars as living costs differ. In Japan, a salary of Y10 million/$100K per annum is classified as very good, but entry level in the US. However, there are diverse industries which pay such in Japan compared to Nigeria.

There's lots of data I'd like to know about Nigeria. What percentage of people over age 50 own a cement home from which they commute to their work...but do you even call it a modern, up to date home if it doesn't have running water?

One of the issues I have regarding discourse about Nigeria is the lack of accurate and well-researched data to support certain claims we see around. The Lagos state government, National Bureau of Statistics and McKinsey do well enough to compile these data. Still, I would love to see more publicised and the methodologies used.

As for running water, I think we would have to define these amenities using Nigerian standards, most of which might not align with global standards. But for relatable sake, the standards should be Nigerianised. If you ask whether running water is available, the next question will be: is it clean? Is it privately financed or from a public authority? With that, one has erased half of homes with running water in Nigeria.

How many Nigerian adults over age 21 own a car? In a country where "new" is generally means a scrapped, unsafe car disposed off as unusable in the USA, then exported to Nigeria.

It is an appropriate question considering Nigeria is a big country by landmass compared to Japan, Singapore, Taiwan or Hong Kong. As outlined above, we would have to define "new" using Nigerian standards. If a new car is, say 2010>, one can say very few Nigerians above that age own such, let alone a new one. The age also has to be increased because most people in that age range are still with their parents, and because of cultural reasons, many might not buy a car. So, make it 30> or better still 35>.

I've repeated it many a time, I personally know working Nigerians earning $500 to $1500 per day in Nigeria, but the question remains - how many such people would you meet at MMIA on an average day? They're so rare as to be irrelevant to any discussion about the economic prospects of an average Nigerian citizen.

While using dollars makes it understandable for a global audience, we have to consider the living costs in Nigeria and standards. Anyone earn those figures is in the upper middle class. I agree that the numbers are so tiny compared to the general population. I think this report do a good justice: https://businessday.ng/business-economy/article/nigerias-dollar-millionaire-club-shrinks-30-in-a-decade/

PARADIZEPRIEST:
All una greedy ,badwishers and despiradoes Nigerians should leave to modern slavery nations,let's have a sane and progressive country

Same GSK JUST LEFT KENYA,NAIJA IS NO EXCEPTION,THE MORE FOREIGN COMPANIES LEAVE,THE LESS PRESSURE ON OUR FOREIGN EXCHANGE TO PAY FOR THEIR EXCESS IN DOLLARS. THIS GSK THAT LEFT IS MORE BUSINES FOR INDEGENOUS PHARMACEUTICAL MANUFACTURERS AND MORE CHINA.
IF YOU DONT UNDERSTAND ECONOMICS ,GO BACK TO SCHOOL NIGERIA IS HEALING FROM LAST 8YRS ECONOMIC MISRULE,AND YOU NEED ONE FULL FISCAL CALENDER TO ASSESS THE PROGRESS.

sukkot:
man proposes God disposes. You are not in control. Anything can happen at anytime . Death sickness etc etc

I'm ready for that so for now lemme focus on my gaol and one of it is to travel outta naija which I’ve achieved and the rest to come

So live death
Let face life first

steeltrust:
I'm ready for that so for now lemme focus on my gaol and one of it is to travel outta naija which I’ve achieved and the rest to come

So live death
Let face life first

all the best bro. But try go taste of Chicago lol

sukkot:
all the best bro. But try go taste of Chicago lol

this guy lol

hammed71:
this guy lol

isArray:
This is why I laugh at Nigerians that say they don't want to japa they just want to make money in Nigeria and travel the world , even the elites have residency somewhere else should in case things turn upside down in Nigeria

so which countries do you suggest will accommodate 200m+ Nigerians? Sometimes you guys talk without reasoning

onadana:



That's not true.It's not all about money,I applied from Nigeria with my son to a big embassy,I did it myself and we got our visas.All the fake agents I paid could do nothing.France rejected us twice,UK I did on my own rejected us 4times,Italy rejected us once,Estonia rejected us once.I learnt from each rejection and got better.If I had applied UK again I would have gotten it.Now my son and I can genuinely say Happy New year.The feeling you get when you're taking your time to move knowing fully well your visa is in the bag.

Not all about Money? I beg to differ. Let's ask those sleeping on the street of Canada right now, Every single thing about travelling is Money and Knowledge (like seriously who uses agents anymore?). Happy you got your visa, but guess what it's a fact that rejection are lower when applying from any other country than Nigeria. (would have you saved you time and effort on almost 10 rejections)

I have 2bedroom bungalow for sale at roofing level if anyone is interested DM .

Geovanni412:


That's better

Nothing worse than to japa and see confused children wey u no fit wipe Oraimo cord.

Lol

victory36:
so which countries do you suggest will accommodate 200m+ Nigerians? Sometimes you guys talk without reasoning

Of course not everyone can japa, that's why Nigeria needs to work!

Agbado people too want to jump ship. And japa. Isn't Tinubu the Lord and saviour of Nigeria no more? Bloody fools

sukkot:
whatttt in chicago ? whats her name

Greetings to you Sukkot. Hope you're doing great right now?

Not Chicago, it was in Philadelphia. She got shot in Philadelphia in March 2021. Najeebat Sule was 24 while doing her PhD program then, and her father's name is Adewale Sule.

The incident was quite painful to read back in 2021... even till now. Choosing the right neighborhood or U.S. State to live in really matters. I found one of the many web links on the story which you can fully read below:

https://www.dailymail.co.uk/news/article-9423903/amp/Nigerian-beauty-queen-PhD-student-24-shot-dead-sitting-Philadelphia.html


https://www.forbes.com/sites/laurabegleybloom/2018/09/27/revealed-the-15-most-dangerous-places-to-live/?sh=2cb7b58a4706

Gerrard59:


Regarding 500K as monthly income, it depends on the industry and role one is employed at. The reality is: the industries that can afford such a salary is few compared to developed countries, especially in Anglo-Saxon countries. That is what we tend to forget. Also, such a salary is only available in Lagos, Abuja, Port-harcourt and maybe, just maybe, Kano. Outside those places, salaries are very low and depressing for the residents. Yes, the living costs are also low, but most times, there are very few "good paying" jobs by Nigerian standards available in those places. Statistics say most Nigerians work in the agricultural sector, which is largely subsistent. What I want to know is how that is between southern Nigerian and northern Nigeria.

To be on the fair side, I don't like converting naira earnings to dollars as living costs differ. In Japan, a salary of Y10 million/$100K per annum is classified as very good, but entry level in the US. However, there are diverse industries which pay such in Japan compared to Nigeria.



One of the issues I have regarding discourse about Nigeria is the lack of accurate and well-researched data to support certain claims we see around. The Lagos state government, National Bureau of Statistics and McKinsey do well enough to compile these data. Still, I would love to see more publicised and the methodologies used.

As for running water, I think we would have to define these amenities using Nigerian standards, most of which might not align with global standards. But for relatable sake, the standards should be Nigerianised. If you ask whether running water is available, the next question will be: is it clean? Is it privately financed or from a public authority? With that, one has erased half of homes with running water in Nigeria.



It is an appropriate question considering Nigeria is a big country by landmass compared to Japan, Singapore, Taiwan or Hong Kong. As outlined above, we would have to define "new" using Nigerian standards. If a new car is, say 2010>, one can say very few Nigerians above that age own such, let alone a new one. The age also has to be increased because most people in that age range are still with their parents, and because of cultural reasons, many might not buy a car. So, make it 30> or better still 35>.



While using dollars makes it understandable for a global audience, we have to consider the living costs in Nigeria and standards. Anyone earn those figures is in the upper middle class. I agree that the numbers are so tiny compared to the general population. I think this report do a good justice: https://businessday.ng/business-economy/article/nigerias-dollar-millionaire-club-shrinks-30-in-a-decade/

Very insightful analyses from you, and same with the well-respected Henley & Partners report below.
~~~~~~
https://businessday.ng/business-economy/article/nigerias-dollar-millionaire-club-shrinks-30-in-a-decade/

Topmaike007:
abroad police won't harass you because you look fresh

abroad bandit won't kidnap you or kill you

abroad your children will never shout up Nepa

abroad your vote over there count

abroad there's lots of opportunities

your father shouted up Nepa, you yourself is shouting it now you want your own children to continue from you cant you see that you are wicked

You are a village monkey, people go abroad for holidays, they don't have to slave their life away. Slave mentality kill you there. Na suffer head you be, that's why you wan come nairaland to form for your papa...mumu poor man.

isArray:
What image? Is it the federal government that's settling bills here? Or you think we will be here discussing japa if the state of the nation was okay? People are trying to survive in -1, -2 degrees here , I curse the government anytime I have to step in the cold weather, they should give us stable economy and better living conditions, many will return back, but since 1960 we are still telling the same story. Living in a sane environment is important for one's mindset, and Nigeria today can't offer that.

If you are doing well you won't come to nairaland to spew such bitterness. Na suffer head work you dey do. Men dey chill collect millions, at 40 you dey drive truck up and down, nothing to be proud about... enjoy your modern day slavery in humility.

ImoleNaija:


Thank you for this o.
The post is just hateful.

Funnily, even with their PR & multiple citizenships, they would still tag them 'Nigerians' whenever they are found guilty of any crime/offence.

No mind them, by their posts and comment, you know they are dumb, likely criminals or on minimum wage jobs...still poor over there, eating junk food.

DEBJOCH1:
AN AGBODORIAN SPOTED.

See how dumb you are, check how much European nations make from corn yearly...

Validated:
If you have a good certification, still in your thirties or below 40, or even early forties, you are able to save up to N10m and have a child or two children and not a political actor or a clergy of a big church, may I ask, "What are you still waiting for"?

You see, 7 months ago, your N10m was about $22K. Now, it is only about $8590. However bad, it could still take you to UK, atleast. Then you can begin sorting your life. Even if you have a business, it will be eroded soon.
What the likes of GSK, P&G, Unilever, Suntory, etc are saw or are seeing and moving should give you signal that this train is headed to a total anarchy.

Even if you do not love yourself, for the sake of your family, move. There is no hope in the foreseeable horizon. I am not a doomsday prophet, but if you understand the times, you know that things are going to get worse.

10 years ago, I called a friend and advised him to come over to Canada. He said he is not going to another man's country to "slave". He would rather come and visit and enjoy holidays. Funny enough his subordinate took the initiative. His (surbordinate) wife got a scholarship and in two years he relocated and he and his family now lives big in Ontario.

Fastforward to 2023, my friend is now in his early-50s, he has lost his job, his tottering business is now almost moribund. No thanks to Tinubu's economic janglova. Now, he is asking me to help him and his family relocate. 4 adults (Him, his wife and 2 children). How?

My reply may be brutal abd unfair, "Bro, you are 10 years late". He is now franticky looking towards the UK, looking for buyers of his inheritance, but the Tories are locking the gate on Dec 31, 2023. Not sure if he can still make it across.

My advice, if you can leave this sinking ship, please do ASAP. Today, it is armed robbery and kidnapping. In few years, a reminisce of the 1000000 boys will resurface.

Someone is going to come here to preach that it is not rosy out there. Yes, at first it will be rough. With time you will get along, learn the system, culture, then boom, you will just know you made a bold move. Nigeria is not getting better soon. Atleast, not with the huge debts and dwindling revenues that is over 50% channelled to debt servicing. Not with over 45% budget deficits to be financed on loans. Not with low purchasing power of the populace. Not with this "owambe" government. Not when our oil production is already swapped for loans for next 5 years and steeply declining productivity.

No, not with a Tinubu that does not understand productivity.

I have the same experience. I have many friends who left Canada and went back after school. Instead of staying to get citizenship. They were the naija 4 life crowd. They'd even laugh at me saying I couldn't make it in naija. As for me, if a building is on fire and I escape it, why would I run back in ? Years go by and they were forming online pretending everything was good.

10 years later, those who were able to run back, all cameback to Canada. They had to borrow money to even afford their Japa back to Canada. Most couldn't afford it and live EVERYDAY with regrets. The ones who cameback have to start their hustle from the start. Meanwhile, me and the Mrs are comfortable with 2 properties (1 is being rented out), government jobs with job security and amazing benefits, Canadian passports, small pikin with an already bright future. My point is YOU CANNOT BUY BACK TIME. Don't waste your time forming naija 4 life. Always do what's in you and your families best interests. The ones who were fortunate to return cannot believe how they wasted 10 years of their lives going back to naija. Literally no progression in 10 years. Anyone who lives in a developed nation knows how much you can accomplish in 10 years.

The ones here who are against japa are mainly bitter and unhappy. You know the guy that couldn't get the babe. So he starts insulting her ? Trust me, give them a Canadian passport tomorrow, watch how fast They'd be on the next plane out.

You don't know how much your mental health is being affected in naija, until you move to sane country where everything works

Goodnewsforlife:
which forex?

I rather gamble with my money than trade forex

Before u argue, tell me d difference between aviator game of sportybet n forex trading

My brother I reason your line
However, the way the Forex is being thwarted looks as if money dey am
And as everybody dey try hustle, e come be like say na him be the way out

Gerrard59:

.....I think we would have to define these amenities using Nigerian standards,

To be on the fair side, I don't like converting naira earnings to dollars as living costs differ.

While using dollars makes it understandable for a global audience, we have to consider the living costs in Nigeria and standards.

Gerrard59:

Regarding 500K as monthly income, it depends on the industry and role one is employed at. The reality is: the industries that can afford such a salary is few compared to developed countries, especially in Anglo-Saxon countries. That is what we tend to forget. Also, such a salary is only available in Lagos, Abuja, Port-harcourt and maybe, just maybe, Kano. Outside those places, salaries are very low and depressing for the residents. Yes, the living costs are also low, but most times, there are very few "good paying" jobs by Nigerian standards available in those places. Statistics say most Nigerians work in the agricultural sector, which is largely subsistent. What I want to know is how that is between southern Nigerian and northern Nigeria.

We're doing comparisons across borders, so NIGERIAN STANDARDS don't apply

You made at least 2 references to living costs. There is a world middle class standard of living. I know I've listed the ingredients that contribute to that standard, public and private amenities inclusive. No matter the country, those standards are the same. For example, world middle class standard means having an indoor enclosed flush toilet. Any family not using one is NOT living at world middle class standard. Most humans beings PREFER to live at a minimum middle class standard.

There's very few Nigerians living in Nigeria that ever attain that middle class living standard and it's been that way for DECADES, even in the boom years of the 1970's Nigeria was still very, very, poor. The incomes in Nigeria are abysmal due to low productivity. Productivity is suppressed by an essentially communist economic system.

Add to that, Nigeria has a VERY HIGH COST OF LIVING even in medium sized or 2nd tier localities like Calabar or Owerri. Just the cost of food alone in Nigeria is prohibitive. I lived in Nigeria as a relatively prosperous bachelor so I know. This has nothing to do with currency conversion but the ABILITY TO EARN THE MONEY to buy middle class goods and services. And some of the public amenities that contribute to middle class living standards are simply unavailable.

We agree that ₦500K or $500 is a very high monthly income in Nigeria. In all seriousness, what kind of life can that get you in Nigeria?

This thread makes the point well - https://www.nairaland.com/7929193/see-what-someone-bought-hour

On this thread - https://www.nairaland.com/7421487/abroad-guys-relocate-back-nigeria/19#118895342 I posted a video tour of a government subsidized apartment for poor people in the USA.


https://www.youtube.com/watch?v=ihiZzv9Y4p0

Truth is over 95% of Nigerians in Nigeria can't afford to rent or buy a similar quality home/apartment in a medium sized town in Nigeria.

There's a very strong desire to migrate from Nigeria and for very good reasons. How can a University graduate with expectations of at least a middle class life achieve it in a country where less than 0.5% of workers earn over $200 or ₦200K per month and a 50kg bag of rice is $50? The person who drives a car I left behind in Nigeria tells me it now costs over ₦50K to fill the tank. It's no wonder so many car owners are permanently parking their vehicles.

Nigeria makes me sad but the people have brought this situation on themselves. Unfortunately the USA seems headed the same way, I guess it's the human condition.

Good Luck to All.

XAUBulls:

Greetings to you Sukkot. Hope you're doing great right now?

Not Chicago, it was in Philadelphia. She got shot in Philadelphia in March 2021. Najeebat Sule was 24 while doing her PhD program then, and her father's name is Adewale Sule.

The incident was quite painful to read back in 2021... even till now. Choosing the right neighborhood or U.S. State to live in really matters. I found one of the many web links on the story which you can fully read below:

https://www.dailymail.co.uk/news/article-9423903/amp/Nigerian-beauty-queen-PhD-student-24-shot-dead-sitting-Philadelphia.html


https://www.forbes.com/sites/laurabegleybloom/2018/09/27/revealed-the-15-most-dangerous-places-to-live/?sh=2cb7b58a4706

ok my Chief, i remember that story. its sad. these people dont value human life. that girl gone just like that. well the good book does say to be absent in body is to be present with God so she is in a better place than the hells of killadelphia

Rayd502:



What is the the email address?Can you share?

helpdesk@customs.gov.ng

BigDawsNet:


Sweearr bro.. it's about enjoying basic amenities and solid quality life...

How can you be in a country where they take light for weeks.. I mean in 21st centuries... when country like Ghana enjoy constant power...

Why is light a rocket science in naija?
Why do you have to get a connection to secure a job?
Why do you need to do runs to make it large
Why do you have to fly local plane because roads ain't secure no more?
Why do you have to be unsecured when you are with a policeman...
Why do you have to suffer rise of food cost in the market?

Chia... God will deliver Nigeria..

you have said it all. Right to enjoy Basic needs. In Nigeria the common man struggle for everything . No 24/7 pipe borne water/power, bad roads ,poor health care , insecurity (kidnappers, bandits e.t.c), police brutality, judiciary is corrupt, politicians are demi gods, it goes on and on. Lots of reason to Japa if anyone has the opportunity

creativehubb:

If you are doing well you won't come to nairaland to spew such bitterness. Na suffer head work you dey do. Men dey chill collect millions, at 40 you dey drive truck up and down, nothing to be proud about... enjoy your modern day slavery in humility.

Hehehehe, you should audition for a comedy show 😁

Great0ne1:

Opono!! You want them to stay here and suffer to death. May thunder strike that useless hand you used to type this. Idiat!

Most of the people who are in the class he's talking about are not interested in japa, that's why they are in Nigèria, u dón't belong in that class, most of u talk about japa doñ't beIong in that class, with ur kind of reply, u will likely ñèvèr achieve anything worthwhile in ur Iifètimè.

Mcslize:


Pepper body. Body must pepper una.

Does ur comment have any meaning?
Because I have read it over and over again and it doesn't make any meaning.

Geovanni412:


Big man, the Nigerians that do well in USA are not the ones doing menial jobs

My uncle who is doing alright there works in a tech company and even as at that, coming back to Nigeria with his entire family, is an expensive trip'

It will take him four years to recover financially from that trip he made

Another uncle of mine, works as a nurse in UK, he doesn't have $20,000 in his bank acct, even though he has been working in the system for at least 7 years.

The money no easy like that...as you dey make am, bills and taxes dey chop am too , even with a decent job

One delusional japa bro once told me that once he gets abroad and start working, he will get money to build hotel and gas plant in Nigeria

A house in Azikiwe road in Aba costs a minimum of N 100m to buy, how many people do you know that japa that can boast of $80,000 in their acct.?

Many Americans that earn that much don't even that type of money left after all is said and done, not to talk of Uk folks working caregiver and driver jobs.

The only benefit of japa is more opportunities if you are into sports or more business opportunities but as a 9-5 worker, you'll probably enjoy more in Nigeria than in Uk.

Wow this is a very good and reasonably accurate Anti-Japa comment. Thanks a lot for putting it up.

I've lived in the USA for over 30 years. I've relocated back to Nigeria, re-migrated back to USA. I've observed children grow from birth to adulthood in both Nigeria and USA/UK, I've consorted with the poor and rich and I think I have a reasonable handle on the issues. To use the popular witticism, I've seen it all.

The major suppressing factor against wealth building for Nigerians living abroad is their financial commitments to Nigeria in general and their relatives in particular. The sad part of all this is that most people in Nigeria have a passionate hatred for any diasporan relative who is helping them. I've seen and experienced this personally over many years and generations. You can even get a sense of it on this Nairaland. You can smell the hatred and JEALOUSY. I could tell you some very terrible stories.

There was a close friend I once travelled with to Nigeria. He had $60K on his person, declared and everything. Ordinary worker, not involved in any fraud or crime. He got to Nigeria and gave the money to his brother who lives in Nigeria to hold, deposit or change to naira. Do you know that to this very moment I'm talking to you, he's not seen that money again. This was over 15 years ago. And that's not anywhere near the worst case I've personally witnessed.

There's a doctor that wanted to buy land, it was $70K. He saw the land and in the village, sometimes you go with your people to negotiate. Anyway, he paid and all that was left was the final ceremony called "iwa nnu", it may have different names among other Igbo clans. He went back to the USA and left his brother to do the rite.

When the day came, his brother told the seller the doctor was no longer interested. The seller returned the money and the doctor hasn't seen a dime of it till today. Me myself I couldn't actually believe the thing o, even till now. And the doctor, well he's a rich guy, he just laughs about it.

So my advice to diasporans, I preach it here to all the people in my social circle, is to leave Nigeria and Nigerians alone. At the most, build a small tiny house in the village or maybe the city if your (extended) family has no house at all. The ONLY time a diasporan should start putting money into Nigeria is when they have an annual income of at least $250K for a single person or $300K per family. Or have a net worth of over $500K.

The ONLY thing a diasporan should aim to do for relatives is to bring them to the USA or wherever they want to migrate to. Make it a priority, work on it desperately until it's done. Give them that credible choice to come and earn for themselves and if they feel Nigeria is better, good for them, that frees you from any dependency.

All those your claims of poverty for people abroad, well if that's what you feel that's fine. If Nigerians abroad are so poor, how do they remit $10 to $25 billion per year? Even the Nigerian Federal Government's total revenue in 2022 wasn't over $15 billion. That your uncle who spends enough money to transport 4 or 6 people to Nigeria, I hope he earns over $250K/yr? If he earns less, he's just foolish, not poor. I was once like him, so I kinda understand.

Right now it will cost him over $15K to make a holiday trip to Nigeria assuming one has to ship in a car and make other sundry preparations. Why not save that, add some more and put a down payment on a small house in America that can grow in value over time...instead of wasting it on a useless trip to go and spend dollars on jealous and hateful relatives in the village.

Anyway I've lived the reality and I know that Nigeria's title as the Poverty Capital of the World is well deserved.

Have a good day and Good Luck to Nigerians.

creativehubb:

You are a village monkey, people go abroad for holidays, they don't have to slave their life away. Slave mentality kill you there. Na suffer head you be, that's why you wan come nairaland to form for your papa...mumu poor man.

mumu na market monkey that's what you are ..is this present Nigeria better where a woman was arrested and jailed for condemning the killing of an innocent Christian girl Abeg no come here dey sweet talk Nigeria for where I dey abeg

JagabanB:

Does ur comment have any meaning?
Because I have read it over and over again and it doesn't make any meaning.

How will you understand when you dropped out of school? You can never understand cuz you voted APC into power for the second time. Now you're grinding your teeth.

Opio!

Mcslize:


How will you understand when you dropped out of school? You can never understand cuz you voted APC into power for the second time. Now you're grinding your teeth.

Opio!

Combine ur fada's certificate and schooling together with urs and bring it, it won't match half of mine.

Validated:
If you have a good certification, still in your thirties or below 40, or even early forties, you are able to save up to N10m and have a child or two children and not a political actor or a clergy of a big church, may I ask, "What are you still waiting for"?

You see, 7 months ago, your N10m was about $22K. Now, it is only about $8590. However bad, it could still take you to UK, atleast. Then you can begin sorting your life. Even if you have a business, it will be eroded soon.
What the likes of GSK, P&G, Unilever, Suntory, etc are saw or are seeing and moving should give you signal that this train is headed to a total anarchy.

Even if you do not love yourself, for the sake of your family, move. There is no hope in the foreseeable horizon. I am not a doomsday prophet, but if you understand the times, you know that things are going to get worse.

10 years ago, I called a friend and advised him to come over to Canada. He said he is not going to another man's country to "slave". He would rather come and visit and enjoy holidays. Funny enough his subordinate took the initiative. His (surbordinate) wife got a scholarship and in two years he relocated and he and his family now lives big in Ontario.

Fastforward to 2023, my friend is now in his early-50s, he has lost his job, his tottering business is now almost moribund. No thanks to Tinubu's economic janglova. Now, he is asking me to help him and his family relocate. 4 adults (Him, his wife and 2 children). How?

My reply may be brutal abd unfair, "Bro, you are 10 years late". He is now franticky looking towards the UK, looking for buyers of his inheritance, but the Tories are locking the gate on Dec 31, 2023. Not sure if he can still make it across.

My advice, if you can leave this sinking ship, please do ASAP. Today, it is armed robbery and kidnapping. In few years, a reminisce of the 1000000 boys will resurface.

Someone is going to come here to preach that it is not rosy out there. Yes, at first it will be rough. With time you will get along, learn the system, culture, then boom, you will just know you made a bold move. Nigeria is not getting better soon. Atleast, not with the huge debts and dwindling revenues that is over 50% channelled to debt servicing. Not with over 45% budget deficits to be financed on loans. Not with low purchasing power of the populace. Not with this "owambe" government. Not when our oil production is already swapped for loans for next 5 years and steeply declining productivity.

No, not with a Tinubu that does not understand productivity.

I align with this post. This government doesn’t seem to have a clue what they’re doing. The president’s irresponsible (from a timing and planning perspective, in my opinion) inauguration address comment about the fuel subsidy removal ruined the strength of the Naira. In other countries, government officials are careful and thoughtful of what they say publicly (about economic matters) because they know that irresponsible comments do cause fiscal damage.