₦airaland Forum

toprealman:
Greedy, clueless mofo hoping to reap where they didn’t sow! Wait till you get a trillion pounds budget before you transform your country! Imagine the audacity!

Starboytwo:
Let's all try to make Nigeria a better place then, instead of what it currently is.

CrossRhodes:
He will pay it without stress cos he's most likely in NHS so job is secured, and if not much dependents.
Oya try that in nigeria let's see...

flokii:
IThey won't tell you t's mortgage and loans . those facilities are available in Nigeria as well but poorly managed.

UnitedKingdom:
Some envy people who will never leave Lagos will come to insult him. I vow nothing will ever make me raise any of my children in Nigeria. Leaving Nigeria to UK after 2023 election is the best decision of my life. I'm not regretting it.

OriOko88:
Many of those gigantic houses being built in osogbo belong to Diaspora people. Those guys are rich. I envy them ooo..

Oyinbo are really supreme than us. I support white supremacy. They really plan for their country

studyless123:
Govt have a role to play but these are private sector driven. Besides the average Nigeria is not a good debtor. There are many reasons why these cannot work for the average Nigerian. You're just affected by a "system". It is what it is.

Friend22:
I knew something wasn't right about that guy's claim but trust gullible Nigerians who believe in 'tapping' from someone.
We are too gullible in this country that's why most of political leaders don't rate us.
The UK I have read and heard about can't be a walk in the park for any newbie, but just post anything Nigerians wish for they will fall head over heel without questioning you.

They are a lot of things we need to work on the ways most of us think.
Even the so called educated ones fall for this nonsense.

ednut1:
he is a nurse. And likely lives in northern England. He qualifies for mortgage and car loan

jendoslim:
I usually laugh at these type of comments cos its bereave of common sense, no offense, let me explain.

If you are an average Nigerian, employed and doing well for yourself, before you can settle down to own a befitting car and a house of your own, you will be in your late 30's or 40's which you will consider yourself among the 5% extra lucky

Now, a young man in diaspora either by mortgage (that you belittling here) or outright purchase has those things earlier in life and enjoyed them throughout his life whereas, you in Nigeria or Africa get to own those thing at your mid or late years.

Pray tell, can you enjoy a fast car at 60 years or is it when you retire that you wanted to start living in your smart house? Any luxury that you can't enjoy when you are young and agile is utmost useless. Why we are like this is this country is that we lack efficient credit line which would enable us enjoy life and put almost everyone on same pedestal.

Quit listening to motivational speakers about buying multiple lands and building house when you are 50 years and above cos immediately after your demise, the probability of the house which would be your greatest asset being sold is almost 90%

Gracias

DaddyCoool:
😆 This calls for a "shall we tell him?". If only you knew how easy it is to get trapped in debt and how stressful it is. They'll be offering you credit on everything, plus credit cards. Like 90% of people with this mentality you'll quickly get trapped and find that most of your income goes to servicing debt!

Tellmeastory:
THE UK ANNUAL BUDGET IS 2 TRILLION DOLLARS.

NIGERIA’S ANNUAL BUDGET IS 30 BILLION DOLLARS.

STOP COMPARING APPLES AND ORANGES.

erico2k2:
Can U get that in 9ja?

Abee79:
I wish Nigeria had such arrangement for average citizens. As a civil servant, I've not been able to access Nationa Housing Scheme (NHS). Certain highly placed individuals were demanding for a percentage of the money before they even consider processing. . . 🤐

The small bank loan I collected to complete my house, The useless bank wants to stranglē me with outrageous interest rates that have more than doubled in the last two years 😭💔💔💔

To import a second hand vehicle, Nigerian Customs will practically drain the last bloød out of you. One can't even dream of acquiring a brand new car in Nigeria without having High Bloød Pressure 😞

nedu666:
And still people are stealing the small 30 billion dollars to buy mansions in Hampton and Park rolls royce that they drive once a year.

Starboytwo:
Let's all try to make Nigeria a better place then, instead of what it currently is.

Bekermann:
You are a ram

Blazetrailer:
This is another myopic post from a known buffon on nairaland. Surely you just stated that to console yourself.

Nearly 200m Nigerians will prefer to even have thst credit system to meet their basic needs and they don't have access to. At kesdt they have debts to buy houses and lucurious items whike having their badic needs like security, food, medical and access to public power taken care of by the government. Contrast that to you that is not in debt but can not travel out of your state for fear of being kidnapped on the highway, can nit sleep at night because of constant armed robbery, sleep in darkness for weeks due to ppwer grid collapse, spend whole weekends at fuelling stations queuing for gasoline, go to teaching hospitals that are more useful as mortuaries when you are ill, no medical insurance cover, costant harrasment by security personnel who sre more like gangsters , drive rickety cars on pothole designed roads and have no debt. If they dare add debt or credit to all those your problems, na die be that.

If you have the opportunity, you would not mind taking on those credit too.

DaddyCoool:
We are discussing DEBT. I never said living in Nigeria is better. We are talking using debt to acquire consumer items like you were championing. Experienced gurus would tell you NEVER to do this thing you are running to - using credit to acquire non-investment stuff! See example below

haybhi1:
Could this be true, guys? How reasonable? Only those of you in London should respond, please.

LandMann:
There are foolish people everywhere, even in the USA.

If one has the opportunity to go to a cheap community college to obtain education but instead goes to a posh expensive university and stacks ip huge debt then that person is stupid, and there are tons of people who do that in the US and end up complaining about student debt.

Again, there are those who feel too big to do certain jobs after graduating from expensive posh universities and stacking up student debt. These class of people take the opportunity they have for granted and so become loafers and complainers instead of being hardworking and goal oriented so they can quickly clear whatever debt they have and get on with life.

For every one American who complains about student debt, there are 10 more Americans who took advantage of it to build a good comfortable life. They just don't make the news cos theirs is not "bad" news.

If you feel your corruption infested malfunctioning country Nigeria is better than western countries like USA, Canada, UK, Germany, etc, by all means enjoy the country. Let those who want to better their life in an environment that promotes competence and hardwork instead of nepotism and tribalism do so. And when they announce their achievement, don't get envious and bitter. It's their life, not yours.

LandMann:
Even if it's mortgage and loan it's not a problem cos interest is low at around 6-9% and he can easily repay it with a stable job

Compare that to Nigeria where interest rate is over 33% and you can't even get a reasonable loan cos you're most likely in a shitty job or "contract" job that a stupid yoruba president brought to Nigeria. What about mortgage in Nigeria? No go area for any working class unless you're stealing from your company, committing fraud or crime to augment your shitty salary.

If someone tells you Nigeria is a completely useless country because of its leaders, don't argue it, even if you're in a privileged position.

It's when majority of citizens in a country are living well and happy that's when you have a functioning society

Blazetrailer:
And your so so called "Experienced guru" told you a house is not an asset/investment?

This clearly shows your shallow knowledge of financing. I hate it when people just gorge out nonsense out of ignorance and confidently come to a public space to exhibit their foolery.

Go and read books on fundamentals of financing(not those motivational nonsense your pastors sell to make money from you or those one sold in yaba or oyingbo traffic or those written by buffons who tell you a house is a liability) and search what is called "weighted cost of financing". You would understand why Billionaires borrow to acquire assets and why most large ans successful corpoaration mix debt and owners capital, because the weighted cost of finance is lower with an appropriate mix of debt and capital. Debt is cheaper to raise than organic capital(in a functioning society of course, which Nigeria is not)

Come back and thank me later.

Blessedman98:
"He must be into Yahoo Yahoo"

Please don't batch me that's meant to be a funny comment

Mindlog:
Happy for him.

So many opportunities in this UK, if you are highly skilled in the health and social care sector.

nedu666:
And still people are stealing the small 30 billion dollars to buy mansions in Hampton and Park rolls royce that they drive once a year.

sage:
http://www.leadershipnigeria.com/index.php?option=com_content&view=article&id=28:the-vague-future-of-nigeria&catid=28:friday-column&Itemid=56


Lord Lugard, the former governor-general of Nigeria, in 1926, wrote his unfiltered thought about Nigerians. From his book, The Dual Mandates, come these excerpts: "In character and temperament, the typical African of this race-type is a happy, thriftless, excitable person, lacking in self-control, discipline, and foresight. Naturally courageous, and naturally courteous and polite, full of personal vanity, with little sense of veracity, fond of music and loving weapons as an oriental loves jewellery. His thoughts are concentrated on the events and feelings of the moment, and he suffers little from the apprehension for the future or grief for the past. His mind is far nearer to the animal world than that of the European or Asiatic, and exhibits something of the animals' placidity and want of desire to rise beyond the state he has reached.

"Through the ages, the African appears to have evolved no organised religious creed, and though some tribes appear to believe in a deity, the religious sense seldom rises above pantheistic animalism and seems more often to take the form of a vague dread of the supernatural. He lacks the power of organisation, and is conspicuously deficient in the management and control alike of men or business. He loves the display of power, but fails to realize its responsibility - he will work hard with a less incentive than most races. He has the courage of the fighting animal, an instinct rather than a moral virtue. In brief, the virtues and defects of his race -type are those of attractive children, whose confidence when it is won is given ungrudgingly as to an older and wiser superior and without envy. Perhaps, the two traits which have impressed me as those most characteristic of the African native are his lack of apprehension and his lack of ability to visualize the future"


Guys lets discuss the thoughts of Lord Lugard. he had  a supremacist view obviously. But is he right in the way he describes Nigerians and Africans in general? How many of the issues that he raises are valid?

Letz get some responses

flokii:
While I agree with some of your points, I still feel the truth should be revealed.

He took a mortgage that will take a large fraction of his monthly/annual income spread over 20 - 30 years depending on how quick he is able to fully repay his debt.
It's not as if you'll just wake up one morning, pack all your savings to buy car and build house, where will you even get such money from in 3 years?.
He should enjoy his "success" and hope not to lose his job for whatsoever reason.

DaddyCoool:
People like you make me laugh. Here's what you wrote verbatim "Pray tell, can you enjoy a fast car at 60 years... Any luxury that you can't enjoy when you are young and agile is utmost useless."
I wish someone like you could be dropped off in one of these "Western" countries and given credit cards. With this your mindset I know exactly what would happen.
As the saying goes "fools rush in..." See below

anonimi:
Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?

In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;

or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority?
\
\
The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.

Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.

https://www.thisdaylive.com/index.php/2024/10/12/neo-black-problem-must-blacks-be-ruled-by-whites-in-order-to-prosper/

DaddyCoool:
People like you make me laugh. Here's what you wrote verbatim "Pray tell, can you enjoy a fast car at 60 years... Any luxury that you can't enjoy when you are young and agile is utmost useless."
I wish someone like you could be dropped off in one of these "Western" countries and given credit cards. With this your mindset I know exactly what would happen.
As the saying goes "fools rush in..." See below

Vision101:
Forget this. Nigerians are too loud. The house is on mortgage, the car is on credit. He will not tell you how many shifts he's working to make up. He might presently be bothered that his papers are about to expire. He might be thinking of the route to use. With his masters degree he might end up accepting sponsorship from a care home. This means that that's what he will do for the next five years.

This means bye bye to a career in engineering for example that he made 2.1 plus masters degree. If he decides to avoid using this route he might have to go for a PhD. This means that he has to face payment of tuition for another three years and back to 20 hours per week menial job for the duration of his studies. UK PhD is not beans particularly in stem. Many start but don't finish.

I'm not saying that there are no advantages after all the family invested life time savings. There should therefore be returns. But it not the way some of them come online to paint it.

Abee79:
I wish Nigeria had such arrangement for average citizens. As a civil servant, I've not been able to access Nationa Housing Scheme (NHS). Certain highly placed individuals were demanding for a percentage of the money before they even consider processing. . . 🤐

The small bank loan I collected to complete my house, The useless bank wants to stranglē me with outrageous interest rates that have more than doubled in the last two years 😭💔💔💔

To import a second hand vehicle, Nigerian Customs will practically drain the last bloød out of you. One can't even dream of acquiring a brand new car in Nigeria without having High Bloød Pressure 😞