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Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba - Travel (11) - Nairaland

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Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Love800(m): 11:49am On Jun 12, 2024
Okay.
That means you are an dependant?
osothermal:
Oh actually I'm with my partner who is working full time hence we're okay. As a student working partime you'll be okay if you don't have school fees to pay
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Follak: 2:57pm On Jun 12, 2024
IbeOkehie:
I'm continually forced to question these assumptions.

In the 1970s during the Oil Boom, a lot of Nigerians with skills and education from abroad migrated back to Nigeria permanently, with no Green Cards or foreign citizenship. Maybe because I attended an FGC, I knew a lot of these people....but even in the small towns I grew up in, some of the local regular workers were returnees from abroad. I mostly grew up in a small tourist town in Imo State.

The local post master returned from Greece. The doctor who attended the births of my siblings was a returnee from Germany. The local vetenarian returned from UK. At least 3 of the school teachers came back from UK or USA. Heck, there were TWO Asian Indians families who were teachers too!

So there must have been many more such people in the bigger cities of Lagos, PH, Enugu and Ibadan. Have you heard of Pius Adesanmi, the Yoruba writer who died in the Ethiopia Airline crash? His family returned to Nigeria from UK and he wrote a bit on the internet about growing up with that background in Nigeria.

How come nobody talks about what happened to those families? Did they prosper? Did they regret returning or were they happy?

There were families that refused to return to Nigeria in the 1970s and remained abroad, some ILLEGALLY. Their children lost their connection to Nigeria. How do they or their parents feel about that?

Do you people ever ask yourselves what were the outcomes? Today 50 years later, what were the lessons learned? 🤔 It beats me silly that there's an entire body of experience and statistics that can guide our decisions and people are still stuck on speculation.

In particular I've asked @Gerrard and a few others that I suspect should know. How come nobody ever discusses this issue?

Anyway Oga, nature will take its course, pun intended. See I didn't make any claim about what is better or about the value of a connection to our native land. All I'm asking is, has anyone bothered to ask what happened to those who have lived through similar times in the past? Yes, because this isn't the first mass migration in our history. Because I remember when Buhari was President back in 1985, he was urging Nigerians to stop migrating abroad. Jakpa was called "Andrew" back then.

So Oga Nature your worries are beyond your power. Igbo people say use your tongue to count your teeth.

Good Luck to Nigeria.
Hmmm.... Good luck to us
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by richmanrichard: 3:26pm On Jun 12, 2024
Ilekokonit:
In the UK for example, health is free from cradle to grave if you get papers or acquire citizenship later on.

ALL Government schools are free and of top notch quality.

Parents get some form of child benefit and working family tax credit between the ages of 0 and 18 of the child.

From age 18, students get generous student loans from the student loans company owned by the Govt and they don't start paying back the loan until they start working and even at that they have to be earning above a certain amount before they can be asked for any repayment and the repayments are very affordable and if they don't get a job quick enough after graduation, as long as they regularly show the Govt the steps they are taking to find a job, their FULL rent is paid by the Govt and if they are below 25 they get £311 monthly extra allowance on top of their rent and if above 25 they get £393 monthly extra on top of the Govt paying their FULL rent.

That's why it is hard to see any burglar proof (fire hazard) on any UK window because unless you are on drugs and need money to fund your drug habit you will never be desperate enough to break into someones house to steal even if you are unemployed because the Govt takes care of the basics for you. Water, light, food, house according to Fela Kuti's Song - Original Sufferhead.

An unemployed person who later finds work is always too happy to contribute his taxes and National insurance contributions into the Goth coffers 'cos the Govt was there for him with a SAFETY NET that prevented him from hitting rock bottom or becoming destitute when he was unemployed and it is this system of paying your taxes and NI that funds the UK social security system.

Its not rocket science but our wicked leaders in Nigeria some of whom used to live in the UK will never introduce this kind of equitable system in Nigeria because that would mean that the pool of millions of downtrodden Nigerians they can pick their servants, drivers, cooks, cleaners, gatemen from will dry up and they will become demystified because no one will then be desperate enough to bow down to these Nigerian politicians out of poverty.

When some people criticize Nigerians wicked politicians, its because we KNOW that there is a better more equitable system that will work into perpetuity that our wicked leaders are not introducing.

It takes just 1 kind hearted leader with compassion to introduce a comprehensive system of social security like what the British introduced in 1948 in Nigeria and the servitude of the masses will end. But will our wicked Nigerian politicians listen huh?
posterity and nature would favour you and your seeds for speaking the truth 👏 👏
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Love800(m): 6:53pm On Jun 12, 2024
Excellent.

I appreciate ur every word.
osothermal:
I have a dependant
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie: 5:16pm On Jun 16, 2024
NaijaVietnamese:
God have mercy, make una Dey lie with fear of God abeg! Which country in this world would you see average employee doctors earning $50,000 per monthhuh!!! Are those two Nigerians specialist brain or heart surgeonshuh!!!!

That’s a lie from the pit of hell.
erico2k2:
U know those people we just start nah so dem dey talk.everybody ignorant nah them sabi pass.
I never tell lies because I don't post anonymously. I only post on what I'm sure about. Salary data for high earning EMPLOYEES, especially those of hospitals and non-profits, are widely available online. Sometimes you can even get the salaries of high level employees at private quoted companies. There are many Nigerian employees I know of who earn over $500K annually. There's this Yoruba guy working for oil company in Houston that I looked up, he was making $400K per year. Then there was my neighbor for a while and another I know of for fact, but I'll just go with a hospital CEO. Many working doctors at these hospitals earn more than the CEO, again I know this for a FACT.

https://www.propublica.org/article/methodist-le-bonheur-healthcare-ceo-promises-review-of-policies

https://boingboing.net/2019/06/27/1-6-mil-to-ceo-ugwueke.html

Memphis's inequality closely tracks with race, with Black people carrying a much higher risk of poverty.

Methodist University Hospital's management — including CEO Dr. Michael Ugwueke, who was paid $1.6 million in total compensation last year and former CEO Gary Shorb, who draws $1.2m/year to serve as Ugwueke's advisor — are apparently pursuing this agenda on their own. One former long-serving board member, Beverly Robertson (2003-12) says she had no idea that the hospital had pursued its patients so aggressively.
In all I write, I'm not overly concerned about HIGH INCOME earners or the top of the pyramid in ANY COUNTRY. My main concern is the PROSPECTS for average people like me who come from the poor to middle classes.

This is graduation season in the USA. I have three family friends or acquaintances who just graduated as nurses in Texas, Virginia and Georgia, ALL of them already had Nigerian university degrees before they arrived here 5 to 10 years ago, one of them is a Law graduate from one of the old federal universities. Their average starting pay is $33/hr, and they each got CASH signing bonus of $20K to $30K. I'm sure each of them can now comfortably send ₦500K = $325 per month to Nigeria, but I would advise them to use it as payment on a 5 year new car loan instead grin

One of them her husband is already a Nurse Practioner and I know their starting salary is $130K per year. So right now that couple is earning over $200K per year, guaranteed. That means they earn more than 90% of all households in the USA according to IRS data. I suppose they should have stayed in Nigeria or maybe return now and aspire to be the next Jim Ovia and Chinyelu Okoli or Dangote and Don Jazzy in Nigeria. LOL, I hope it works out for you all.

Good Luck to Nigerians.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by RodgersAkpafu: 6:38pm On Jun 16, 2024
IbeOkehie:
I never tell lies because I don't post anonymously. I only post on what I'm sure about. Salary data for high earning EMPLOYEES, especially those of hospitals and non-profits, are widely available online. Sometimes you can even get the salaries of high level employees at private quoted companies. There are many Nigerian employees I know of who earn over $500K annually. There's this Yoruba guy working for oil company in Houston that I looked up, he was making $400K per year. Then there was my neighbor for a while and another I know of for fact, but I'll just go with a hospital CEO. Many working doctors at these hospitals earn more than the CEO, again I know this for a FACT.

https://www.propublica.org/article/methodist-le-bonheur-healthcare-ceo-promises-review-of-policies

https://boingboing.net/2019/06/27/1-6-mil-to-ceo-ugwueke.html



In all I write, I'm not overly concerned about HIGH INCOME earners or the top of the pyramid in ANY COUNTRY. My main concern is the PROSPECTS for average people like me who come from the poor to middle classes.

This is graduation season in the USA. I have three family friends or acquaintances who just graduated as nurses in Texas, Virginia and Georgia, ALL of them already had Nigerian university degrees before they arrived here 5 to 10 years ago, one of them is a Law graduate from one of the old federal universities. Their average starting pay is $33/hr, and they each got CASH signing bonus of $20K to $30K. I'm sure each of them can now comfortably send ₦500K = $325 per month to Nigeria, but I would advise them to use it as payment on a 5 year new car loan instead grin

One of them her husband is already a Nurse Practioner and I know their starting salary is $130K per year. So right now that couple is earning over $200K per year, guaranteed. That means they earn more than 90% of all households in the USA according to IRS data. I suppose they should have stayed in Nigeria or maybe return now and aspire to be the next Jim Ovia and Chinyelu Okoli or Dangote and Don Jazzy in Nigeria. LOL, I hope it works out for you all.

Good Luck to Nigerians.
This right here is the thing
especially in the United States, if you put your head down, you will see the rewards sometime down the road
you can't say same for naija

Even here in the United Kingdom, although the economy is not as diverse as the USA, but its still a place where dreams can come true IF you put in the work, learn the skills needed and position yourself in the right industry
there are folks in the UK making £70k annually in Canary Wharf.

But in naija, the avenue for such mobility no dey like that
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie:
RodgersAkpafu:
This right here is the thing
especially in the United States, if you put your head down, you will see the rewards sometime down the road
you can't say same for naija

Even here in the United Kingdom, although the economy is not as diverse as the USA, but its still a place where dreams can come true IF you put in the work, learn the skills needed and position yourself in the right industry
there are folks in the UK making £70k annually in Canary Wharf.

But in naija, the avenue for such mobility no dey like that
Even janitors, cooks, retail and hotel clerks, drivers and care workers that stay in such low level jobs for decades generally accumulate much more wealth than higher status, middle class residents of Nigeria. I've seen this with my own eyes in over 30 years observation. Outliers are NOT relevant in making responsible recommendations.

You see factual situation like this - https://guardian.ng/property/foreign-real-estate-investors-record-huge-losses-amid-rise-in-exchange-rate/

When you factor in GENERATIONAL class or income upliftment, there's no comparison between the Anglo-West and Nigeria or Black Africa in general. Which is why I keep asking about the mass of Nigerians living abroad that returned in the 1970's. Nobody wants to tackle the subject.

Check this out, I brought it to another thread recently:

IbeOkehie:
Please tell them. Facts speak for themselves. No need to look far in the age of internet. Here's one from Baltimore Maryland, one of the UNDESIRABLE cities in the USA. I chose this house because I know a Nigerian couple that bought on the same street back in 1986 for $90K.

https://www.zillow.com/homedetails/1127-Cowpens-Ave-Baltimore-MD-21286/36411353_zpid/

This house was bought for $79K in 1979. Today it's priced over $500K. The records as shown make it likely that it's owned by the same person/family that originally bought it in 1979 because it hasn't been bought or sold since then. It's very likely the mortgage is paid off. Ditto for the Nigerian family, they've lived there since I came to this country. The man is a high school teacher, wife is a nurse.

So what exactly is the problem with mortgage biko nu? Gain of $400K = ₦560 million at current exchange rate. As in, half a billion naira....this man and wife can sell their house and get half billion naira cash. And the kids are all grown, one is nurse, one engineer at Microsoft. When the parents do die, these kids will inherit this profit. Imagine how comfortable their grand children will be. Would this have been possible in Nigeria?
When you take time and dig deep you can only conclude that those recommending major investment into Nigeria or returning there to live are deliberately trying to mislead others.

Good Luck to Nigerians.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie:
YoshihideSuga:
No vex sir, are things really so hard in Nigeria, especially outside Lagos, Port-harcourt and Abuja?
Thank goodness the guy answered your question. THINGS ARE HARD.

That you ask is a sign you don't know much about Nigeria. Are things hard outside Lagos PH and Abuja?

Dude standard of living is generally lower in smaller cities and rural areas and it's harder to make money! The infrastructure is likely worse. The one majorly good thing in rural areas is plenty of free housing is available. You might even get paid to live in and look after a small mansion.

How could you even ask this 🤔

Good Luck to Nigeria.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by mishooo(m): 6:00pm On Jun 19, 2024
IbeOkehie:
I never tell lies because I don't post anonymously. I only post on what I'm sure about. Salary data for high earning EMPLOYEES, especially those of hospitals and non-profits, are widely available online. Sometimes you can even get the salaries of high level employees at private quoted companies. There are many Nigerian employees I know of who earn over $500K annually. There's this Yoruba guy working for oil company in Houston that I looked up, he was making $400K per year. Then there was my neighbor for a while and another I know of for fact, but I'll just go with a hospital CEO. Many working doctors at these hospitals earn more than the CEO, again I know this for a FACT.

https://www.propublica.org/article/methodist-le-bonheur-healthcare-ceo-promises-review-of-policies

https://boingboing.net/2019/06/27/1-6-mil-to-ceo-ugwueke.html



In all I write, I'm not overly concerned about HIGH INCOME earners or the top of the pyramid in ANY COUNTRY. My main concern is the PROSPECTS for average people like me who come from the poor to middle classes.

This is graduation season in the USA. I have three family friends or acquaintances who just graduated as nurses in Texas, Virginia and Georgia, ALL of them already had Nigerian university degrees before they arrived here 5 to 10 years ago, one of them is a Law graduate from one of the old federal universities. Their average starting pay is $33/hr, and they each got CASH signing bonus of $20K to $30K. I'm sure each of them can now comfortably send ₦500K = $325 per month to Nigeria, but I would advise them to use it as payment on a 5 year new car loan instead grin

One of them her husband is already a Nurse Practioner and I know their starting salary is $130K per year. So right now that couple is earning over $200K per year, guaranteed. That means they earn more than 90% of all households in the USA according to IRS data. I suppose they should have stayed in Nigeria or maybe return now and aspire to be the next Jim Ovia and Chinyelu Okoli or Dangote and Don Jazzy in Nigeria. LOL, I hope it works out for you all.

Good Luck to Nigerians.
This man here says a lot of truth.
Speculatively, I'll say the ratio of legally migrated educated (BSc/HND) Nigerians doing well abroad (mainly US/CA/UK) is about 8/10 compared to 3/10 in Nigeria according to my limited data as a Statistician
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie: 3:43pm On Jun 26, 2024
RodgersAkpafu:
I'm just wondering
Why the "Anglo West" distinction in all your posts.

France and Germany are also very good countries , maybe language barriers but apart from that they are alright too
Compare the long term outcomes of their colonies all over the world and you can understand the distinction.

French colonies
German colonies
English colonies
Spanish colonies
Portuguese colonies

Compare their outcomes after independence. Compare the INTEGRATION and socio-economic mobility of immigrants into the culture and economy of each country.

Good Luck to Nigerians.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Laird(m): 9:07pm On Jun 30, 2024
RodgersAkpafu:
This is a very interesting read...
Seems like we have had one or two engagements on twitter before
anyways that aside, this is my perspective sha

Just like you, I'll say that the biggest pro, despite the many ugly sides to spending your formative years in Nigeria is that you learn GRATITUDE and appreciate more, what the west has to offer.

A second generation American or Brit will see the country as his country (which is the norm and expected) and only see the issues and conplain a lot, entitlement may even creep in
but for us that came from literal "hell fire" , we appreciate more what is available in the west and work with it.

You made a reference about the rich in Nigeria and how people think they are criminals.
My fellow Nigerian, take it from me, most "rich" fellows in Nigeria are "criminals" or lemme use a more polite word, rent seekers.

The Nigerian economy is what you call a near imperfect economy, in an economic sense, that means that outlandish economic returns are very much possible, especially when you throw in cronyism and weak institutions in the mix.....
That explains how soneone can out of the blues blow, in Nigeria and say China, than in the west, because as an economy nears perfection, the returns normalise, and the returns tend closer to zero as the economy nears perfection (there is no 100% perfect economy sha, because that will mean zero returns)
My point is the supposed elite class claiming big boys in Nigeria, operating in a space where the economy nears the perfection line exposes their underbelly, so I understand WHY they will think that rich Nigerians are crooks (not all but most) and I side them on that one.

The undertone as to why I say that my descendants have minimum interaction with Nigeria is because the dominant cultural mentality in that space is antithetical to common sense and proper development...
to put it more mildly, I don't agree with it and to be frank that is the major motivation for escaping the country

I strongly believe that burning myself out and sending them to the best schools here like Winchester Eton or one fancy school in Switzerland that i used to admire will be better for them in the long run, as they will make global connections which will better position them for great things in the west , which Nigeria cannot offer let's be frank.

I see my sons as a Kwasi Kwarteng, Sajid Javid, Sunak or Chan...... or even Tidjane Thiam
that's the vision for them....
but for now they are all dreams and that's what I work towards day and night everyday.

the above answers your question about social capital. Going to Eton or Winchester gives you social capital that BIS or Turkish international cannot give.

on a final note, you made mention of the rat race and the debt accumulation that they have.
I wonder why a typical Nigerian who grew up in Nigeria have this kind of antagonist mentality towards debt.
Debt is the number one wealth building tool and has been what have pulled hundreds of millions of folks across the western world and even China out of poverty.
Our aversion to debt is the reason why Africa will remain poor and wretched, because just like a knife that is a good tool, but could kill as well, debt is the same
will you say cos knife can kill, I won't use it ?

On a final note, I can tell that you are a very intelligent person who has some balance.
I wish you the very best out there mehn.
To add to.this

Debt is used by Rich individuals, organisations and companies amd corporations to get money for business projects

Real Madrid FootBall club is expanding their stadium with debt at 1.7 % interest rate per year

Which Nigerian banks would give You that interest rate and give you long term loan

Dangote took loans to build his refinery

Many Nigerian banks borrow money from.overseas to.lend out and do business in Nigeria

Even access bank got foreign money

Any one who.has access to migrate legally and through an indemand skill should do

Any one who can open a business in Africa and legally and honestly generate significant revenue and the accruing profits that beat inflation should do so but keep options open
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by RickyJesus: 7:03am On Jul 01, 2024
Gerrard59:
Some ethnicities would find it hard to thrive in some sectors in Nigeria.
Can you please elaborate more on this or point to any post where you most have dealt with it, thanks.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Usefulsense:
SoNature:
My biggest concern about leaving this country is starting a generation that will never return to their country ever again.
What have you put in place to ensure that your great grand children remains in Nigeria after you're gone?

Let me paraphrase the question. What have you put in place to ensure your children have the same philosophy as you and they will not send their own children to live permanently abroad?

My great grand parents may have refused to move abroad because they do not want to start a generation that will never return. But, here I am now changing all of that and they are no where to stop me or give me reasons why I shouldn't.

Do everything to give your children a better life. Where they choose to live when you join your ancestors should be the least of your concerns.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Usefulsense:
onadana:
Like my son,I know he won't return back to Nigeria because he has no stake there.He never speaks about Nigeria and is not interested about anything Nigeria. He did Nursery Primary and secondary school in Nigeria but never had Nigeria at heart.He is gone for good.
You should be happy your son is in a place that guarantees him some level of security of life. Would you rather he stays in Nigeria where there are chances of his being kidnapped or shot by the police or robbed at gun point?

The best legacy you can give to your children is take them out of Nigeria. They will forever remain grateful.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by UnitedKingdom: 10:48pm On Jul 08, 2024
helinues:
The places they are running to, they would still need to work their ass off because no free things even in Freetown.

I am not discouraging those who want to Japa oo, but before you Japa, make sure you have degree/certificates that could earn you jobs immediately you arrived at your destination, have skills about things that can fetch you money.
I don't leave you Japa and many more will still leave you Japa. You have more 7yrs to defend the undefendable. 8yrs of Buhari has gone. Tinubu still have 7yrs. That's roughly 16 wasted years for you.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by UnitedKingdom: 10:50pm On Jul 08, 2024
ihavesense:
Lol you are trying to sound reasonable but you are a tribalist.
I am sure that you don’t want to travel because you believe that tinubu will make Nigeria great 😆
Travel to where? He will remain in Nigeria to continue defending bad government in NL. No travel for him, never.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by UnitedKingdom: 10:55pm On Jul 08, 2024
Mercenary123:
. That guy you just quoted is a state agent. He is doing exactly what he is paid for. To always redirect discussions and change narratives to favour the country

He is good at it
Y'all should stop allocating credit to Helinues. Nobody is paying him shishi and he works for no one. He's a nobody hustling to be noticed by APC government.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie:
Laird:
Any one who can open a business in Africa and legally and honestly generate significant revenue and the accruing profits that beat inflation should do so but keep options open
It's VERY DIFFICULT to operate a business in Nigeria that generates profits above inflation. I know this from experience and close observation. It's very, very difficult.

Inflation is a TAX and the most prominent root cause is government printing money at a rate that exceeds the rise in productivity.

Printing money in such conditions is THEFT and that's what government has been doing in Nigeria for DECADES, but APC took it into overdrive. I've published the links here, showing that as far back as 2013, President Tinubu was a firm advocate of money printing as good economic policy, so he only did what he promised.

So CBN under APC just printed and printed. The data is now public, I'm not making any claims, anyone can consult reputable economic publications and see it. The government officials just printed worthless naira and shared it among themselves. They then each bought dollars at cheap CBN rates from hard working Nigerians and exported it abroad. This has been going on for a loooong time, that's why our elites never want to float the naira. ALL Nigerian governments have done it but APC just went crazy 🤪

The naira has gone from 200/$ in 2015 to 1500/$ today. If you had accumulated ₦150 million in profits in 2015, it was worth $700K. You could use it to buy substantial inputs to continue producing the goods and services that you sell.

Today that same ₦150 million is worth $100K. How does anyone work through that? I've been in that situation and it's like a kind of black magic when that devaluation and inflation hits your business. Fela Kuti called it government magic. That's a major reason for economic stagnation in Nigeria. And people are claiming Nigeria is a good place to earn a living or do business.

Good Luck to Nigerians.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by tvafrique: 10:20pm On Jul 09, 2024
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Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by TWoods(m): 6:30am On Jul 10, 2024
helinues:
The places they are running to, they would still need to work their ass off because no free things even in Freetown.

I am not discouraging those who want to Japa oo, but before you Japa, make sure you have degree/certificate that could earn you jobs immediately you arrived at your destination, have skills about things that can fetch you money.
No one works their ass off better than Nigerians... yet we are still poor. Why not go elsewhere that your labor yields a higher return on investment?
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Zihno: 7:27pm On Jul 10, 2024
5eyesWikipedia:
You are the one who is poor and looking for who to scam into your travel lies. People should beware of this guy @Twoods he is in the Eastern part of Nigeria claiming visa agent. People are still doing great in Nigeria . Avoid him. God Bless Nigeria.
@justwise
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by 79733139(m): 8:19pm On Jul 10, 2024
So this thread is still on? It has turned into endless arguments.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie: 11:39am On Jul 11, 2024
tshtsh:
You even tried to respond to him. I see many like him in Canada who think Canada is heaven and continue to share data about Nigeria's poverty and all that. The society has wired them to think the rat ace life they live is paradise. There are Nigerians doing amazingly well in Nigeria and there are those struggling to get by. As a person I make decisions based on what works for me not based on some data. Some of them return to Nigeria on wheel chair in old age and live a miserable life after living the rat race life abroad
The data is important. It's about probability, chances and such. Hostility to statistics is a Nigerian cultural failing. If you still don't get it, then you're too young to understand.

(1) You say you did NYSC in Nigeria in 2019. Are you in touch with your your NYSC mates? Overall how are those of them in Nigeria faring in the current economy?

(2) You seem to be very young, so you may not know that a huge number of Nigerians abroad returned permanently to Nigeria in the 1970s. You should ask older Nigerians how those people turned out.

And also, it would be useful to compare those returnees to those who remained abroad in the 1970s both legally and illegally.

I think your parents must be rich Nigeria based business or government big wigs. Understand that the DATA shows your circumstances are the EXCEPTION and not the rule in Nigeria. Again it's about general outcomes, not you in particular. I don't want to live in a country where people need high social capital to get petrol to put in their car.

All the best to you and

Good Luck to Nigerians
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Gerrard59(m): 1:28pm On Jul 11, 2024
tshtsh:
You even tried to respond to him. I see many like him in Canada who think Canada is heaven and continue to share data about Nigeria's poverty and all that. The society has wired them to think the rat ace life they live is paradise. There are Nigerians doing amazingly well in Nigeria and there are those struggling to get by. As a person I make decisions based on what works for me not based on some data. Some of them return to Nigeria on wheel chair in old age and live a miserable life after living the rat race life abroad
While the bold is true, the statistics say more people are struggling to get by. While I agree with what works for each individual, we should respect numbers - accurately researched - especially when assessing the whole picture.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Gerrard59(m): 1:38pm On Jul 11, 2024
IbeOkehie:
The data is important. It's about probability, chances and such. Hostility to statistics is a Nigerian cultural failing. If you still don't get it, then you're too young to understand.

(1) You say you did NYSC in Nigeria in 2019. Are you in touch with your your NYSC mates? Overall how are those of them in Nigeria faring in the current economy?
For me, I will say most are doing fine. What I must state here is that I had more female classmates, so in a society like Nigeria, we know what that means. But most of the males are doing okay. It is that of secondary school that is not favourable.

(2) You seem to be very young, so you may not know that a huge number of Nigerians abroad returned permanently to Nigeria in the 1970s. You should ask older Nigerians how those people turned out. And also, it would be useful to compare those returnees to those who remained abroad in the 1970s both legally and illegally.
This is a question I hope to answer before this set kpeme finish. It would be good so we compare their trajectories and experiences to recent emigres. We know where we are coming from and where we are going.

I think your parents must be rich Nigeria based business or government big wigs. Understand that the DATA shows your circumstances are the EXCEPTION and not the rule in Nigeria. Again it's about general outcomes, not you in particular. [b]
It is an issue with most Nigerians online - they debate anecdotally. Just because people see pockets of wealth here and there mostly in Lagos, Abuja and Port-Harcourt does not mean on a whole Nigerians are doing well, at least compared to the early 2000s. Nigeria does not start in Lagos and ends in Abuja.

I don't want to live in a country where people need high social capital to get petrol to put in their car.
I was shocked to read that there are fuel queues. Sometimes, Nigeria tends to defy rational thinking.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie:
Gerrard59:
It is an issue with most Nigerians online - they debate anecdotally. Just because people see pockets of wealth here and there mostly in Lagos, Abuja and Port-Harcourt does not mean on a whole Nigerians are doing well, at least compared to the early 2000s. Nigeria does not start in Lagos and ends in Abuja.
This article again is worth a good read for everyone - https://businessday.ng/columnist/article/time-to-end-the-nigeria-is-rich-myth/

I'll add that I have extensive experience, reports and observation on the matter of Nigeria vs UK/USA. My conclusion is that in the long term, living in the UK/USA even as an illegal migrant offers a better chance of living a long life AND accumulating wealth above the world 50th percentile and attaining a lifestyle consistent with WORLD middle class standards.

I'm pleased you referred to TWO different cohorts of your life, secondary school and university.

When I got my bachelor's degree here in the USA, I remember that the percentage of adults with university degrees was 12.5%, whereas in Nigeria it was around 3%. Even at the time of Obasanjo's presidency when private universities were becoming popular, I remember it was around 5%. The point being that University graduates in Nigeria are a very ELITE group, they're a very small and privileged slice and even then, most of them don't live better than a working non-university educated UK/USA resident of Black descent.

Nigeria got independence in 1960, the USA Civil Rights Act bestowing full rights to Black Americans was passed in 1965. Here's some statistics that anyone interested in the Nigeria vs USA/UK comparison should find interesting.

https://www.google.com/search?q=what+is+the+GDP+of+Black+America+as+a+nation&rlz=1C1NDCM_enUS837US837&oq=what+is+the+GDP+of+Black+America+as+a+nation&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigAdIBCTE5MzI1ajBqNKgCALACAA&sourceid=chrome&ie=UTF-8

I could go on and on. I have an 18 year old Black American working beside me today...owns a car and rents an apartment which I'm sure have the usual amenities that are basic to housing here. And doesn't have to queue to buy petrol. How many 40 year olds in Nigeria live better than that?

Yet supposedly educated Nigerians when comparing these countries and their prospects for the average person will cite Aliko Dangote and Olugbenga Agboola and Don Jazzy. How stupid is that? There's no wondering why Nigeria is the Poverty Capital of the World when the educated ones can't even think logically.

Good Luck to Nigeria.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Gerrard59(m): 4:24am On Jul 12, 2024
IbeOkehie:
This article again is worth a good read for everyone - https://businessday.ng/columnist/article/time-to-end-the-nigeria-is-rich-myth/

I'll add that I have extensive experience, reports and observation on the matter of Nigeria vs UK/USA. My conclusion is that in the long term, living in the UK/USA even as an illegal migrant offers a better chance of living a long life AND accumulating wealth above the world 50th percentile and attaining a lifestyle consistent with WORLD middle class standards.
I love Remi Adekoya (no homo). His thoughts about the need for a prosperous black Africa align with mine. I intend to buy his book: "It is not about Whiteness, it is about wealth". My thread on the issue: https://www.nairaland.com/5886610/racism-against-blacks-reduce-drastically
I created that thread before coming across Mr Remi.

I agree with your hypothesis but further and detailed research is required to solidify the notion. Also, I agree with strictly to the US/UK as other developed countries don't provide similar opportunities as their Anglo-American counterparts.

When I got my bachelor's degree here in the USA, I remember that the percentage of adults with university degrees was 12.5%, whereas in Nigeria it was around 3%. Even at the time of Obasanjo's presidency when private universities were becoming popular, I remember it was around 5%. The point being that University graduates in Nigeria are a very ELITE group, they're a very small and privileged slice and
Well, this is universal, not just a Nigerian thing. University graduates are an elite group everywhere, especially in countries where tertiary education is quite expensive or out-of-reach from most citizens.

even then, most of them don't live better than a working non-university educated UK/USA resident of Black descent.
Interesting, but this is quite hard to agree with until there are clear numbers to back the notion. For one, the US is an economic giant, so non-university-educated African Americans might out-perform university-educated Nigerians. So, on the basis of differences in GDP, it is an apples-to-orange comparison. Rather than do so, it will be better to compare them (AAs) to, say, black Brits in the same category of non-university educated. I would have suggested we compare that class of Nigerians to black South Africans, but the history of the latter makes it lopsided.

Nigeria got independence in 1960, the USA Civil Rights Act bestowing full rights to Black Americans was passed in 1965. Here's some statistics that anyone interested in the Nigeria vs USA/UK comparison should find interesting.

https://www.google.com/search?q=what+is+the+GDP+of+Black+America+as+a+nation&rlz=1C1NDCM_enUS837US837&oq=what+is+the+GDP+of+Black+America+as+a+nation&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigAdIBCTE5MzI1ajBqNKgCALACAA&sourceid=chrome&ie=UTF-8

I could go on and on. I have an 18 year old Black American working beside me today...owns a car and rents an apartment which I'm sure have the usual amenities that are basic to housing here. And doesn't have to queue to buy petrol. How many 40 year olds in Nigeria live better than that?
The search results, especially the one by McKinsey support your notion. So, yes, you are right, which is factual anyway - African Americans are the richest set of black people in the world.

Yet supposedly educated Nigerians when comparing these countries and their prospects for the average person will cite Aliko Dangote and Olugbenga Agboola and Don Jazzy. How stupid is that? There's no wondering why Nigeria is the Poverty Capital of the World when the educated ones can't even think logically.
Most times, many university-educated Nigerians, especially those from families already in the upper-middle class, don't consider the bigger picture when analysing issues. I recall my former boss was stunned that federal roads were horrible. Why? He has always been using flights to travel out of Lagos. That was his first time experiencing what MOST Nigerians go through. These people don't travel by road or move out on foot to various parts of their regions. Their adventures begin in Lekki/VI/Ikoyi/Ikeja GRA and end at Maitama/Asokoro/Guzape. Boom! They have seen the beginning and end of Nigeria.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie: 4:09pm On Jul 30, 2024
Gerrard59:
The conversation has been very interesting and data-driven. Thanks to Mr IbeOkehie. Even though we disagree on a few issues. Thanks too to Mr Tshtsh. Mr Ibe, I think your animosity is largely because of the sector you attempted to break into, coupled with your ethnicity. Some ethnicities would find it hard to thrive in some sectors in Nigeria.
Heard from an old friend this past weekend. Software guy, we were friends 10 to 15 years ago, we lost contact. He lives in Owerri, Imo State now, doing a USA software job from home @ $75K per year salary. He moved back to Nigeria after his marriage broke down, his wife is a medical doctor, they have 3 children.

Another old friend is packed and heading to Nigeria to retire and live there. He will live on his retirement paycheck from USA. We had a looong discussion during which I tried AGAIN to dissuade him. I even referred him to our village discussion forum where one rich guy who made that move 10 years ago has posted his regrets and has moved back to Atlanta where he was before. He said he spent $200K building a student hostel in Nigeria than now earns him $120 per month, he posted pictures and everything.

Make of it what you will.

Good Luck to Nigeria.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by Gerrard59(m): 9:06pm On Jul 30, 2024
IbeOkehie:
Heard from an old friend this past weekend. Software guy, we were friends 10 to 15 years ago, we lost contact. He lives in Owerri, Imo State now, doing a USA software job from home @ $75K per year salary. He moved back to Nigeria after his marriage broke down, his wife is a medical doctor, they have 3 children.
This makes sense as well as receiving pensions while living in Nigeria. White Americans do it a lot across Central American countries and South East Asia. I am curious, is he married currently? What about the children from the previous marriage?

Another old friend is packed and heading to Nigeria to retire and live there. He will live on his retirement paycheck from USA. We had a looong discussion during which I tried AGAIN to dissuade him. I even referred him to our village discussion forum where one rich guy who made that move 10 years ago has posted his regrets and has moved back to Atlanta where he was before. He said he spent $200K building a student hostel in Nigeria than now earns him $120 per month, he posted pictures and everything.
Any business a diasporan must invest in Nigeria has to generate dollars as revenue else the person should cut the losses and move on. In my books, the only worthy place to do real estate investment in Nigeria is Lagos. That said, good luck to our people who try such.
Re: Japa: People Now Liquidate Investments, Savings To Leave Nigeria — Ali Baba by IbeOkehie:
Gerrard59:
This makes sense as well as receiving pensions while living in Nigeria. White Americans do it a lot across Central American countries and South East Asia. I am curious, is he married currently? What about the children from the previous marriage?

Any business a diasporan must invest in Nigeria has to generate dollars as revenue else the person should cut the losses and move on. In my books, the only worthy place to do real estate investment in Nigeria is Lagos. That said, good luck to our people who try such.
He's not married now. He's about 12 years younger than me. The children are still with the ex-wife here in the USA and she has remarried. I had some insight into their marital problems back then and I have to say she was in the right.

I agree with you on the need for dollar revenue in Nigeria.

It's POSSIBLE to operate a profitable business that beats inflation, it's just rare BECAUSE government control is so heavy and their policy change can destroy that business at any time. That's the POLICY INCONSISTENCIES we read about from analysts. The cuurent laws don't put much constraints on government. That was my experience sha.

I actually know the hostel owner very well, he's someone I can call and talk to right now with no problem, though we haven't talked recently

He's a wealthy larger than life figure. He moved back to Nigeria many years ago, I want to say 2012 or so. He also narrated some troubles he was having with real estate holdings in Abuja/FCT. He's not hurting for money, he owns a business here in the USA that his son now runs and the other kids are all doctors, lawyers and business owners too.

He specifically wrote that he is sorry for having persuaded anyone to move back to Nigeria. For him to make such an admission on an open forum is really telling.

Still would be leery of moving to Nigeria for $75K per year. lipsrsealed There's other things beside money that make the country inhospitable to me. But one could always take up melon farming or frying chicken thighs to make up for the drawbacks. 🤔

Anyway I thought you'd be interested.

Good Luck to Nigeria.
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