greggng:


They cannot burst that route that's why they are advising USA to scrutinise people they give visa to come to USA. Part of that arrangement is having Canadian official as part of USA official to interview anyone coming to USA. If you pass that interview and you find your way to USA, nobody can stop you from entering Canada.

high chief please stop misleading people here

even if u b PMB pikin dem fit turn u back from the point of entry....

seems u never get any travel experience before abi

Boss13:
@OP I think you made the first mistake to come here seeking advice. I have read all the comments and I’m not surprise with the comments here. I would drop some things here, but I don’t know if it would help you.

- Your N9m is relatively not much. However, if you are resilient you can convert that money to an empire.

- You already have a Masters, why go for another Masters again in Canada. If you are looking at education as a means to immigrate, please note there are other ways to immigrate to Canada apart from Education. What many people don’t tell you is the pains they go through during schooling. You don’t need to go through that stress to immigrate since you have a masters and why would an Employer employ an individual with 2 Masters. He seems confused academically or too expensive as a staff. The average highest degree in Canada is Bachelors and Canada is big on experience rather than academics. Canada is also big on soft skills than technical skills. If you want to immigrate, please note that you have to be prepared. You cannot escape Bills as it’s being done in Nigeria. Also, you cannot get rich quick or get rich at all, but you may afford the basic things of life which is treasured as Gold in Nigeria. You cannot oppress anyone abroad materially because the average Jones on the street is just like you and basically has everything you have.

- On the other hand, the business environs in Nigeria is tough and comes with challenges. I cannot tell you to go and do business because only you would face the challenge.

First, You need to sit down and evaluate your life. You seem dissatisfied. It’s normal. Do you want to switch job. If you get a job as a permanent staff, would you be more happy? If that’s the case, then start looking for a job. If you claim you don’t have time, then you don’t want another job.

Also, another question you should be asking yourself - why do you want to start a business? Do you have the entrepreneurial skills? Do you have the ability to be resilient when there are challenges? Are you a good sales man? Do you have people skills and can you manage people and motive them positively? Do you hate working for others? If these are your question, then start your business. If you cannot answer these questions, your N9m will go down the drain and put your under pressure.

Finally if you are considering the immigration route - why do you want to immigrate? Do you want to switch career or environment? Are you a flexible person that can adapt? Are you willingly to change your opinion? Can you integrate properly? There is no money to pick on the streets in the western world? You actually work thoroughly for every hour and on the hour? The Canada you want to run to still operates the Contract worker stuff. In fact it’s a normal practice, but as a contractor, you may earn more or less depending on your skill set, experience and the need for your skill. So you maybe running away from being a contract staff only to end up being another contract staff. It’s just a Nigerian perception crap and poor labour law that makes contract staff look like stench.

I have written more than I initially prepare to.

�� perfectly written. I couldnt havevdone better.

emelda86:



U mean cost of flight alone abi e get another flight?

God bless you , I didn't want to comment before.

Appliedmaths:
Mr OP, your 9million divided into 4 quarters of FG treasury bills with a min if 10% interest rate would fetch you about 900k * 4 yearly while you keep strolling to your contract job knowing you're functioning on full cylinders.

What you're feeling now is all in your head, don't squander that 9mill only to regret tomorrow oooo. For someone like me that loves risk, I'll multiply that 9mill by 3 given 1 year tops.

Study the pure water biz intoto but I believe there are more lucrative venture to multiply that cash.

Stop given wrong advise and people clicking like for you.

Who told you that if 91 days NTB is 10%, and he decides to purchase with #9m he will earn #900k quarterly?

My friend, you got it wrong. It will be #900,000/4 = #225,000 quarterly.

Mind you, TB isn't investment. It is an avenue to keep idle money afloat with inflationary pressure rather than keeping it in savings account, which will amount to losing value.

MPESA:

God bless you , I didn't want to comment before.

I want to be sure my brother, that's why I'm asking ooo...

you deserve some accolades on your saving.
but my advice is for your to look for another biz to do cus i work in water company. the first problem is logistic. and the logistic problem compress of Vehicle problem, mechanic wahala, driver problem( removing diesel to sell, selling motor spare part and putting bad one.) my brother pure water biz in Nigeria is not as easy as they said.

DaCharis2016:
In fact this him contract job dey diff ooh! How can a contract staff save up to such amt? Earning less than 100k in a bank monthly? Am doing same job here na. His own contract job is diff o. Except he has being there for like 10-15 yrs.

There diff types of Contract Staff in the Bank, I know some Contract staffs that earn above 600k monthly. So don't be surprised.

@ OP,
Actually, it all boils down to what you really want.
1.) Pray for divine direction. First step.
2.) Access your SWOT (Strength Weakness Opportunity Threat)
3.) Based on the 3., if your are entrepreneurially inclined, I suggest you stay back in Nigeria and do business. I tell you. Contrary to what most opinions here may suggest, it is actually BETTER FOR ONE TO DO BUSINESS IN NIGERIA. Contradictory enough, it's is foreigners : European, Americans, Asians and Arabs that tend to sniff the vast untapped business opportunities in Nigeria and consequently tapping into it. SAD SAD SAD!!!!!!?. If not, you are free to travel and LOOK FOR JOB abroad.
4.) In event of making up mind on business option; don't go for water production business yet. It might overwhelm you. Look for less competitive business and run.
5.) Subsequent to above, I will rather suggest that you look for business opportunities in SERVICE INDUSTRY and not MANUFACTURING for now. As an educated & exposed person, look for blue or black collar business such as Car repair & service business to undertake.
You will have to rent a space or abandoned filling station and set up a fully equipped workshop with all the repair tools, diagnostic scanners/laptop, welding machine, car spraying machine, a little inventory of modern engine oils & filters for car servicing.
Start up and the company (structured business with Account/Inventory Dept, Repair unit with You in admin/management Department.
Consult a Chartered Accountant/Management Consultant to draw up the operational, reporting, accounting, auditing/inspection structure and what staff to employ. Don't attempt to run a serious business with just your intuition and emotions. You will have issues on staff, funds, equipment and operational angles. Make it really formal. Use consultant to hire staff!! Pay and get the best. You know how bank use to recruit, do same in your business.
Then you are set to explode. Make the pace well arranged. Clients will be in waiting room watching TV and read newspaper while their cars are being fixed at the workshop. Take a cue from impressive banking environment.
- Interview and employ good mechanics, and all revenue will be paid to Account unit in order to avoid pilferage of funds. Acquire POS Machines, etc.
- Acquire basic tools such as spanners, Jack, Lift, computerised tyre balancing machine, tyre pump. Have the major units: Mechanic, Electrical, Tyre repair, Panel beating and Spraying section with functional equipment.
I tell you, mechanic business has now grown beyond what should be operating as road side business for school dropouts, rather, serious minded individuals should venture in and organise it in a way to meet up modern global standards.
All these new model cars don't really have competently equipped workshops to patronise, even when they have the money to spend, just no where to go.
If interested, search Google, make enquiries and venture in.
It is easy to learn business in the service industry than manufacturing.
All you need to do is to monitor the operations in line with your objectives.
Workers can be placed on either salary or with commission & bonus to motivate.
Ensure you have a repair equipment that is not common so as to attract referrals from other workshops and really boost patronage & revenues. That's the ultimate secret here.
**** God bless you

There are lots of profitable business to start here in Nigeria.

Firstly get a registered business name.

1.) In Nigeria today people eats rice on a daily basis...
Venturing into Rice supply direct from the manufacturer to the retailers is a good business in Nigeria. Wholesale price of Rice is around 12k per bag while the logistics cost may take 2k per bag, cost and operating expenses may take 14k as the case may be...while you supply at the rate of N16,500 or 17k. You will have almost N2,500 return on investment. That's a profitable one. You can still be on your job and be growing your business.

2.) Another business that is profitable now is catering business. Fast food business is a booming business in Nigeria now since you have up to 5m.

3.) Running a standard bar and event center is another booming business in Nigeria....5m is more than enough to start this business. The return on investment is always high based on the standard you for your business.

4.) What about opening a standard human hair and cosmetic shop for ladies...since you have up to 5m.

I won't advice you to travel abroad and stay while there are lots of opportunities in Nigeria if you have your capital.
Grow your business in Nigeria, monitor your business, have a standard financial reporting template and strong internal control that allows you to see through your business both on your absent.

greggng:


If you read carefully you would 've seen were I mentioned that the only difficult thing in the trip is getting to USA. Nobody cares how you made it to USA but just get there. There is no way USA can stop all Nigerians from entry that country. And there is no way the can see the minds construction on the face. People must survive whether you like it or not

Good luck!

fasho01:
Go to Canada joor.. Is that one hard to decide again

And be plucking money from a tree in Canada?

Hi guy...i rrlocated to Canada recently. My advise come to Canada and after few months u will be settled. You reap d rewards of ur efforts easily. Output will justify input....but it may take few months here o. Won't say anything about my Naija

Kudos to you having saved up that 'huge amount of money!
For a job to have given you that amount of savings, I will advice you not to quit so fast. Work for the next 3 years, be absolutely sure of your future and delve into your dreams. while still working, divide the money into 3 and use it accordingly:

1. First 3 million: Let your money work for u. invest it in treasury bills and the likes and watch your money grow.

2. Second 3 million: Invest it physically in side business ranging from agricultural produce to transportation and even 'buying & selling'. This is to test your business acumen while still collecting your paycheck each month.

3. Third 3 million: This is your fallback money in case every other thing goes wrong. Do not touch a dime from this, fix it in a reputable financial institution for 3 years. It is not being pessimistic but being wise in not putting all your eggs in one basket.

After 3 years your future becomes more clearer and capital at least doubled with less hassle.


My 2 cents though!!!
God bless your hustle

First, I have to commend you for being financially prudent unlike many bankers and wage earners who often run a rat race.

Your interest in opting for another MSc in Canada or starting a pure water business here in Nigeria isn't bad. However, they have to be weighed on their merits and disadvantages.

To the best of my knowledge, #9m might be exhausted to acquire one year academic MSc at Canada given the tuition fee, accommodation, living expenses and other sundry charges. And once the student visa elapsed, you might be unlucky to be deported back to this shithole called Nigeria. But if you are lucky, the sky can be your starting point out there at Canada.

Starting a pure water business with #9m sincerely is a huge investment. However, the money might not adequately fund operations of the business in some cities given that you will be required to purchase at least a plot of land.

If I might suggest to you, I will implore you to go into agriculture. The reason is not far-fetched. Demand for agricultural products will continue to exceed supply in a fast growing economy like ours. That's why there's increased importation of beef, fish, eggs, pork, etc.
In the light of the above, venturing into fish farming could be quite profitable with over 100% ROI. You can't exhaust 50% of your savings even after acquiring a plot of land and investing on 10,000 fingerlings with ten fish ponds. In addition, the risk is reduced given low level of mortality and readily available market.

Cheers.

Apply for Canada express entry. Start the process. At the same time you can a start a small business on the side here while awaiting PR.

I wouldnt advise going into pure water business until you've understudied someone in that industry. Start a business that has to do with buying and selling. Find a product with a decent profit margin and go strictly ecommerce.

Read Lean Start up by Eric Ries. Check my signature to place order.

If I'm in your shoe I will jet out to Canada.

The way some peeps analyse some business ehnnn, as if them go business school, bros abeg jejely and leroly enter the travel section of this forum and search for canada express entry thread, click on the link and get informations you need, please don't mind those saying wait and grow your business or wait and develop your nation, abeg no mind them, some of them are not based in Nigeria, Please leave this country, you are not wiser n more patriotic than Nigerian politician who have secured dual citizenship or who have their kids in western countries.

Morever one more advice, if possible learn french before you leave for Canada, it will do you good.

"The world is a book, those who do not travel, only read one page"

Pipedreams:
9m? Contract staff? U must be doing under gee deals on that cubicle. Cos even managers have not saved 9m raw cash. Last time I checked contract staff earn nothing more that 70k. So oga tell us how u saved 9m over the years? Cos iv been a FULL staff for over 6years with promotions and I never get reach 4m savings. cc: EFCC

Then the problem is. you,my sister worked in bank for only 2 yrs and resigned was able to save 4m.
if you are not meticulous and don't know that you can also invest while working as a banker,how do u advice potential investors.

jibs4lv:
Wow ! I congratulate you bro , it's not easy to accumulate such money in this country (legitimate wise o). God bless you @ jjbest123 for that beautiful idea .

bro kindly forget about travelling out for now and go for Agric business but before you do so, first locate those in system to gain more knowledge about it, it 'll really help you alot. nothing much in pure water business as people think.

Thanks jibs4lv.

The first question you need to ask yourself is do you want to be a career person or entrepreneur. If your passion is to be a career person then go to CANADA and if otherwise. Seat back and discover your passion then look for a successful mentor that will tutor you. But my question is this for you - For how long will you keep working for people? At a particular age you will be asked to retire. What are you going to feed with. Wealth is not measure by education qualifications you have but number of multiple stream of income. If you have multiple streams of income in this country bro Canada will just be vacation site. Read RICH DAD POOR DAD and come back to thank me later

Appliedmaths:
Mr OP, your 9million divided into 4 quarters of FG treasury bills with a min if 10% interest rate would fetch you about 900k * 4 yearly while you keep strolling to your contract job knowing you're functioning on full cylinders.

What you're feeling now is all in your head, don't squander that 9mill only to regret tomorrow oooo. For someone like me that loves risk, I'll multiply that 9mill by 3 given 1 year tops.

Study the pure water biz intoto but I believe there are more lucrative venture to multiply that cash.

Oga, this your calculation get K+Y leg. Re-check because this isnt true

oga start your Canadian PR journey as soon as possible. you won't regret it if you are patient enough to through the process

Pls bro....
You've tried to save such a money, I'll advice you to go into FMCG ( fast moving consumer goods) like grain business selling of rice, beans, melon + egusi, coca oat yam vegetable oil, corn, etc,or better still you'll go into chemist or pharmaceutical business, I bet they are more lucrative than any other thing.. They pay more than yahoo self...( just kidding)
I can't advice you to enter into any manufacturing biz cos of the unfavorable governmental policies like multiple taxations,
Secondly, don't ever dream of going to Canada, the visa cost, flight fee, standard of living, education cost, acquiring work permit....
Find any biz that relate to food ..... Better go into stock fish wholesale,....
Don't go into logistics ( cars )
All constructive criticism are all welcomed

chyima:


Then the problem is. you,my sister worked in bank for only 2 yrs and resigned was able to save 4m.
if you are not meticulous and don't know that you can also invest while working as a banker,how do u advice potential investors.

Depends on her level? Was she an entry level staff?? Your sister might be getting cash gifts but she won't tell u. I know of a colleague that gets 200k almost weekly from admirers n exclusive customers

I don't think u should travel out... however I don't think d pure water will do u Dat good with dat amount of money... but I know sure businesses u can venture into and get more returns... seeing u are a youth sef... ask me if u want. ucheng30@gmail.com

Morounofolu:
There diff types of Contract Staff in the Bank, I know some Contract staffs that earn above 600k monthly. So don't be surprised.

contract staff earning 600K,old what the job function even full staff and assistant manager in some bank are yet to earn that amount

Both are good, it all depends on your mindset, you start a pure water company in Nigeria you may make it, you can travel out to Canada and may also make it. sit down and research properly, the answer is in you, nobody can advice you on this, many advice will confuse you. making it big in Canada as a student will depend on what you studied in your first degree that will determine your integration into their system.

For me, if I have that kinda cash I ll migrate but may not be Canada. I know at first their are many challenges but at the end I must come out victorious by His grace. Nothing I mean Nothing is like a working system. I love it simple.

chyima:


contract staff earning 600K,old what the job function even full staff and assistant manager in some bank are yet to earn that amount

d way people just dey quote money for here go nearly make few peeps go commit suicide .....

contract staff 600k per month ? na how much con b the BM salary then ? 5m

papascode:
Good day all,

I have been confused on what to do with the money I have saved. I am a contract staff in one of the banks and I have saved considerable amount of money over the years I have been working there. But I am tired of my job, as same as many of my colleagues who wish they had one quarter of the money I had saved to quit the job.

I am not a lazy man I am very hardworking as adhuged by my supervisors but the issue is I have stayed on one spot for too long and no promotion. My greatest joy is that I was able to achieve a masters degree in a federal university in nigeria while working but my job doesn't give me time to even look out for other jobs.
So please guys I am throwing this up here because I know on this thread there are people who have been in my situation before that made the better choice and are happy for it.
I have two very important decisions to make either to use the money I have saved to travel abroad for school for masters and hopfully settle down there or to stay here in Nigeria to start up a pure water production factory but Nigeria and it's uncertainties keeps discouraging me. kindly note that I have saved up to 9million naira to take up any of these ventures and I am 35 years not yet married.
Please I need honest advice to a brother there are some persons like me who will benefit from this advice we render.
Thank you

My advise for you, please go to canada and don't look back, you don't need to go to school over there, with your Mac and your age you can put in for express entry which if you can pass the IELTS test well, you're gone, and you have enough money more than enough for proof of fund. Everything cost less than 500k and you still have like 8.5 million naira to enjoy your life there. My dear you have a huge life in front of you in Canada. With your experience you won't wait for long to get a job there. This is a huge opportunity for you don't waste it. I am talking to you from experience. Peace

papascode:
Good day all,

I have been confused on what to do with the money I have saved. I am a contract staff in one of the banks and I have saved considerable amount of money over the years I have been working there. But I am tired of my job, as same as many of my colleagues who wish they had one quarter of the money I had saved to quit the job.

I am not a lazy man I am very hardworking as adhuged by my supervisors but the issue is I have stayed on one spot for too long and no promotion. My greatest joy is that I was able to achieve a masters degree in a federal university in nigeria while working but my job doesn't give me time to even look out for other jobs.
So please guys I am throwing this up here because I know on this thread there are people who have been in my situation before that made the better choice and are happy for it.
I have two very important decisions to make either to use the money I have saved to travel abroad for school for masters and hopfully settle down there or to stay here in Nigeria to start up a pure water production factory but Nigeria and it's uncertainties keeps discouraging me. kindly note that I have saved up to 9million naira to take up any of these ventures and I am 35 years not yet married.
Please I need honest advice to a brother there are some persons like me who will benefit from this advice we render.
Thank you

My advise for you, please go to canada and don't look back, you don't need to go to school over there, with your Mac and your age you can put in for express entry which if you can pass the IELTS test well, you're gone and you have enough money more than enough for proof of fund. Everything cost less than 500k and you still have like 8.5 million naira to enjoy your life there. My dear you have a huge life in front of you in Canada. With your experience you won't wait for long to get a job there. This is a huge opportunity for you don't waste it. I am talking to you from experience. Peace

chyima:


contract staff earning 600K,old what the job function even full staff and assistant manager in some bank are yet to earn that amount

They are IT guys employed for special IT project.

Pipedreams:


Depends on her level? Was she an entry level staff?? Your sister might be getting cash gifts but she won't tell u. I know of a college that gets 200k almost weekly from admirers n exclusive customers

Entry level she was in head office and had no business with customers.though she was doing any major expenses like house rent cos she was leaving from the house,she is very prudent did lots of TB which accumulated her income