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Paradox Of The Japa Syndrome On The Nigerian Economy - Travel (3) - Nairaland

Nairaland Forum › Nairaland General › Travel › Paradox Of The Japa Syndrome On The Nigerian Economy (10627 Views)

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Re: Paradox Of The Japa Syndrome On The Nigerian Economy by erico2k2(m): 7:14pm On Apr 12, 2025
internationalman:
Please could you be kind enough to tell me the name of the App
Tetrad.Lemfi, there are thousands
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by internationalman(m): 7:22pm On Apr 12, 2025
erico2k2:
Tetrad.Lemfi, there are thousands
Noted. Thanks
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by armadeo(m): 7:26pm On Apr 12, 2025
erico2k2:
The Microeconomy only Benefit the immediate circle of those who run it, i n your case, if you send your Dad money, it benefits you direct family. However if you send a car to your Dad it benefits the Macro Economy.
The Apps we use to remit money to 9ja are registered in Tax Heavens ie UAE so they pay no tax to the FG
Anyway let me stop here.
Again I disagree. As long as money is being spent and earned everybody benefits.

The money arrives. You cash out you buy bread. Seller makes money baker makes money.

Baker buys meat , butcher makes money. Butcher pays transport , transporter makes money.. you see how it goes.

These funds injected into the economy have a widespread reach beyond your immediate family.

2.4 billion dollars is a lot of money and it affects the country that's why the government is aware of it.
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by erico2k2(m): 7:32pm On Apr 12, 2025
armadeo:
Again I disagree. As long as money is being spent and earned everybody benefits.

The money arrives. You cash out you buy bread. Seller makes money baker makes money.

Baker buys meat , butcher makes money. Butcher pays transport , transporter makes money.. you see how it goes.

These funds injected into the economy have a widespread reach beyond your immediate family.

2.4 billion dollars is a lot of money and it affects the country that's why the government is aware of it.
YOu obviously did not do ECONOMICS IN secondary SCHOOL,HOWVER THATS STILL NOT AN XCUSE, you OBVIOUSLY DID NOT GRASP WHAT i TRY TO XPLAIN IN THE DIFFERENCE BTW Micro and Macro Economy. ALl the transactions you just mentioned are all Microeconomy ,Buying and sending cars to your Dad in Nigeria falls under remittance if the sender lives and work abroad and its Macroeconomy as you pay import duty to FG and pay taxes to FG fru FIRS anyways Im done here, whatever you think Bro Enjoy,I dey go O2 Arena.
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by EDGEof2MORO: 7:35pm On Apr 12, 2025
ednut1:
5m out of 220m japa. Why not focus on the remaining 215m. This obsession is getting tiring . For everyone that japa there are at least 5 available people that can be trained to replace them except for doctors. Make una rest
because the population of Nigeria is not up to 220m as everyone likes to claim. we are far less than that.
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by DesChyko: 9:40pm On Apr 12, 2025
erico2k2:
How does the remittance help Nigeria as a country rather than small individuals or family and friends of the sender ?
Preventing wider scale unrest.
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Lawalemi(m): 10:03pm On Apr 12, 2025
Racoon:
"....A situation where Nigerian leaders take advantage of a condition that is costing its economy more in terms of human capital does not augur well for our future.

The energy the government is putting in to attract more remittances could also be used to put the country in a better state that will help reduce the number of young Nigerians the country is losing on a daily basis.


Irrespective of how much Nigeria gets from diaspora remittances, it is time the government stops and improves on the issues chasing the country’s best away."
They love short term gain due to poor planning for the country
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by erico2k2(m): 11:45pm On Apr 12, 2025
DesChyko:
Preventing wider scale unrest.
So does who do not have people abroad contribute to unrest yeah?
Some of the reasoning of 9ja na wahh
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by erico2k2(m): 11:46pm On Apr 12, 2025
Observer210:
abroad should stop stealing our best citizens oo
Stealing lol, most of the said people got educated abroad, myself inclusive.
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by erico2k2(m): 11:47pm On Apr 12, 2025
columbus007:
My dream too na to japa if I see the connection
Tchard dey there grin grin grin
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Cromagnon: 11:53pm On Apr 12, 2025
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Cromagnon: 11:53pm On Apr 12, 2025
othermen:
The tragedy is all of the best minds are lost. It is the aspiration of the best of us to leave.
if they left they weren't really our best
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Cromagnon: 11:54pm On Apr 12, 2025
obinna58:
Japa is the only hope no matter the situation, Nigeria is dead an gone
dangote and òbí Cubana still here o
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Cromagnon: 11:54pm On Apr 12, 2025
ednut1:
5m out of 220m japa. Why not focus on the remaining 215m. This obsession is getting tiring . For everyone that japa there are at least 5 available people that can be trained to replace them except for doctors. Make una rest
but who will train them
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Konquest: 2:12am On Apr 13, 2025
[quote author=Raco.on post=134421734]In recent times, diaspora remittances to Nigeria have been an important contribution to our foreign exchange earnings. It is no surprise that the Central Bank of Nigeria (CBN) in 2024 said diaspora remittances to Nigeria reached $4.22 billion from January to October, a 61.1 percent increase from the same period in 2023.

This increase was attributed to improved efficiency in the remittance process, the policies of President Bola Tinubu, and increased confidence in Nigeria’s financial system. It is therefore logical to conclude that the more Nigerians go abroad (Japa), the more remittances the Nigerian economy will get, all things being equal.

Ironically, in the last few years, the Nigerian government has been worried about the mass exodus of skilled and unskilled Nigerians leaving the country for greener pastures elsewhere. Amusingly, the same government also covertly and overtly depends on diaspora remittances and is often worried whenever there is a drop.


Remittances from the Nigerian diaspora are a significant source of foreign exchange for the country and also an important part of Nigeria’s economic recovery. They are a vital source of income for families and a steady inflow into the economy. They also play a significant role in alleviating poverty and improving nutrition and are linked to better outcomes such as higher birth weights and increased school enrolment.

Despite interventions, the rate has not held up to expectations, and according to the CBN, in 2024, Nigeria received an estimated $23.4 billion in remittances from its diaspora community, making it the largest recipient of remittances in Africa and one of the top five globally. The CBN is most likely to continue its interventions after the World Bank predicted that Nigeria will see increased remittances in the years ahead, due to higher food prices.

This can only be true if the planned repatriation of Nigerians by President Donald Trump’s administration and some European governments is not followed through. As diaspora remittances are from both the skilled and unskilled Nigerians who went abroad either legally or illegally.

We are not against the government exploiting the gains from its diaspora population. If anything, we think remittances do help the economy; however, they are not a sustainable strategy for long-term economic growth. Nigeria has an economy that is dominated by consumption rather than production. So, once the remittances are received, they will merely be used to service an import-oriented economy. In other words, the money will simply go back to where it came from.

Nigeria therefore needs to increase production for a sustainable growth in the economy, knowing well that production requires the best in human resources.

A situation where Nigerian leaders take advantage of a condition that is costing its economy more in terms of human capital does not augur well for our future. The energy the government is putting in to attract more remittances could also be used to put the country in a better state that will help reduce the number of young Nigerians the country is losing on a daily basis.

In 2024, the UK granted over 430,000 visas to Nigerian nationals, according to the British High Commissioner. This included visas for study and relocation, a December 2024 report showed. In the year ending June 2024, the UK issued 432,225 student visas, noted GOV.UK, a 13 percent decrease from the previous year, but 61 percent higher than in 2019.

In the first half of 2024, the UK processed over 225,000 visas for Nigerian nationals. The figure above is for the skilled labour, while for the unskilled who use intermediaries, it is not known. For the UK, Nigerian migrants also showed by far the biggest growth among the top five nationalities granted skilled work visas. For every talent that leaves Nigeria, a local business is suffering because it cannot find a suitable replacement on such short notice.
https://businessday.ng/editorial/article/paradox-of-the-japa-syndrome/#google_vignette[/quote]
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by Goodadvice01(m): 10:37am On Apr 13, 2025
columbus007:
My dream too na to japa if I see the connection
I won't even think twice if I see the opportunity.. God knows
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by gforce5: 1:02pm On Apr 14, 2025
You are wasting your time arguing with these people that lack exposure. It's even less than 5 million Nigerians that have migrated out of Nigeria. The total number of Nigerians in Europe including the UK is less than 1 million while the total no of Nigerians in North America is also just under a million. That means that less than 1% of Nigeria's population have migrated out of the country yet Nigerians keep focusing on that small minority instead of sorting out the majority. How many people in the North (including the middle belt) reside outside of the country? Nigerians in the diaspora are just easy targets/scape goats for Nigeria's problems. Ignorance and lack of accountability are two big problems facing Nigerians.

ednut1:
5m out of 220m japa. Why not focus on the remaining 215m. This obsession is getting tiring . For everyone that japa there are at least 5 available people that can be trained to replace them except for doctors. Make una rest
Re: Paradox Of The Japa Syndrome On The Nigerian Economy by papyjaypaul: 4:08pm On Apr 19, 2025
papyjaypaul:
Please say this loudly. While Nigeria has economic challenges, many of them are artificial and Nigerian-made.

Nigerians are building houses and charging rent in dollars.

Nigerians are paying school fees in Nigeria in dollars and pounds.

Nigerians are spraying dollars, euros and pounds in Nigerian parties.

Nigerians are buying clothes, shoes and necklaces in dollars.

Nigerians are even paying for professional courses in dollars. Someone told me ICAN charged them in dollars and I was flabbergasted that a professional body that should know better and advocate for the right thing to be done was charging foreign currency in Nigeria. Teacher no teach me nonsense undecided

What do I know? Even when the CBN banned dollar under Buhari, Buhari's child still sprayed dollars.

https://www.nairaland.com/7713113/buhari-daughters-caught-spraying-dollar

Nigerians pay for medical services in dollars.

Nigerians pay for wigs in dollars.

Nigerians spend dollars in election campaign. All political parties are guilty.

Even their president has not been in the country for 3 weeks now and he is obviously not spending the Naira.

What a country of foolish people who want to live like they are abroad but they are not there but they keep oppressing themselves with another man's currency 🤡 How can the naira grow? The man who gave the Nigerian policemen money was decent enough to spent naira. How many Chinese do you see ogling over the dollar or pounds? I don't think Nigerians will be happy to find out $1=7.3 yuan. As long as a dollar is in thousands of naira, they are happy. Many people trying to japa are only lured by the conversion craze but they never ever compare to the expenses of living abroad or the cost of social amenities. Nigerians love and worship money and it's not for anything but bragging rights.

We like to look at another man's food and never like our own. If only we were competing with the abroad in infrastructure and quality of life, I would have said it's a good thing but most of the conversion to dollar is a crab in the bucket mentality to show others that they are above them. We are very confused and we need leaders who will realign our consciousness. For now, we are the black ants without a leader. Our leaders are not so different from us in this craze for dollar and anything foreign. It's psychologically demonic.
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