GallantDuke:
I think anyone earning 200k monthly in Nigeria is not doing bad.

maternal:


Hes not doing well. Because if he was, he wouldn't be thinking of migrating. Lastly what is wrong with paying taxes? Why are Nigerians so uncivilized. You complain government doesn't do anything. Then when you live in a country where the government does something, you complain about taxes......

FieldMarshall06:


95 percent regret. If you did not school there, don't go there. I mean first degree not masters. Don't dare, else you drive taxi.

Rickywowoz:


I have a bachelor's from Nigeria and masters from Canada. I'm done school and I have a professional job. So what are you saying. Even people that didn't goto school here get certifications and land professional jobs. Canada is hard Canada is hard abeg Nigeria easy? Canada was giving even international students upto a $1000 during pandemic while 9ja dey hoard food for warehouse. The only regret I have is not leaving Nigeria on time , I for abandon my bsc run comot that shithole.

thejourney200:


I am convinced he isn't thinking Nigeria will change for the better, he is only pained he doesn't have the capacity to emigrate. He is an hypocrite like Desmond Elliot who wrote IELTS in 2018 in an attempt to relocate at least his family to Canada and is bashing his fellow celebrities today for supporting end sars.

TransAtlanticEx:
Indians head billion dollar companies,not that they built them.
Anybody can be appointed CEO by a board irrespective of whatever.
All this your poverty numbers is senseless.
There are still things these poor people buy,not so?

Why don't you sell them those things?
Would you take a 2020 S class you want to sell to your rich uncle or to that your barrow pushing brother in Enugu who the whole family had to contribute money to marry him wife 2 years ago?
Answer this first before you quote me again,thanks.

Gerrard59:


There are actually Indians who founded companies which generate millions and billions in dollars. Compared to Nigerians and even other black immigrants, they (including the Chinese) are more enterprising.

Regarding the poverty stat, it's a reality not conjecture. When a populace is notoriously poor and continues to be at the bottom of the Maslow Hierarchy of Needs, there's a limit to what they buy. It's why out of 400 companies that are worth a billion dollars plus, very few are Nigerian while most are South African.

In business, numbers do not lie. Nigerians are very poor people.

Rickywowoz:


I have a bachelor's from Nigeria and masters from Canada. I'm done school and I have a professional job. So what are you saying. Even people that didn't goto school here get certifications and land professional jobs. Canada is hard Canada is hard abeg Nigeria easy? Canada was giving even international students upto a $1000 during pandemic while 9ja dey hoard food for warehouse. The only regret I have is not leaving Nigeria on time , I for abandon my bsc run comot that shithole.

maternal:


If 200k naira is keeping you in naija over getting a Canadian passport you're mentally unstable.

TransAtlanticEx:
Did I say Nigeria wasn't poor?
How do some of you even reason?
There is a limit to what they can buy,yes.
Does that mean purchasing power is absent?No.
So what are these poor people buying?
Rice,toothpaste,milk,medicine,petrol,etc...not diamonds and luxury.
How do I make money from their poverty?
Simply by selling to them what they can buy.
It's that simple and it's common sense,really.
If every business went by those numbers that whining bitch of a guy put up there without looking at their kind of product and concern,I'm sure the likes of telcos,retail chains,industry,etc..won't have been present in Nigeria today.
After all an average Nigerian don't make up to a dollar a day so how can he buy anything at all?

Also,can you name some of those billion dollar companies built by India immigrants in America?

Redberyl:
This thread prompted me to do research about life for immigrants in Canada.

The Canadian dream we have been sold is just good PR by their government,in addition to some sweets thrown in (Free health care,free education,child support).All this is indirectly paid for by way of taxes.The unemployment rate is high,high cost of living and rent.


Now,on the relaxed immigration policies to Canada.The Canadian government isn't doing anyone a favour.Rather they are luring you in to build their workforce, increase their population and also generate a lot of revenue off the visa fees immigrants pay.
The fact is this,the more persons that immigrate there,the more tax revenue the govt makes!


So many Nigerians don't do any research before moving there,they just want to escape from Nigeria.I will attach screenshots of persons living in canada as found on quora so everyone can know what to expect before moving there.

If you want to get a true picture of what life can be in canada,go on quora.Many are not saying the truth here on nairaland.It's not so rosy.

Imagine a Nigerian who left here,was living in a one bedroom basement apartment with his wife and 3 kids.Both of them work but can't make enough to get a bigger apartment.So they basically live from hand to mouth!

My thoughts are this: Canada is for persons who don't really have much going on for them here or persons who have made so much money, that even if they aren't making enough money there,they have savings to live off on.

Redberyl:
This is exactly what i was discussing with my husband.My point is that people should do proper research before jumping on a plane to Canada.It's not the paradise that it's painted to be.The average Nigerian gets carried away easily, only few of us actually think these decisions through and do thorough research before moving.

Redberyl:
And Indians are not humans,or they are not smart? What's your point?This attitude is why many keep shut and allow people to go there and see for themselves.

My husband is a sailor who travels round the world due to his job.He tells me about Nigerians he meets while on shore leave in different countries.Many are well educated but had to resort to working at coffee shops , cleaning, driving taxis etc. A [b]lot of them regret moving abroad because all the money you make, you spend on rent,bills and tax,with little room to save.Th[/b]e sad thing is that so many are ashamed of coming back home.


Last year my husband had to give a guy he met in Portugal some money to buy himself food.They got talking and he told my husband that he is saving up money to go elsewhere and see if luck will smile on him.He had to cut down on food.Even when he is hungry,he endures it.

A lot of persons make it abroad, while some don't.What works for A may not work for B.
All i am saying,do proper research about where you are going to.Imagine the worst possible scenarios and prepare for it (especially financially).Plan well,have enough backup funds and be ready to rough it out being that it's a new Country you just moved to.

Canada is like every other country on earth.So many of you paint it to look like heaven, luring gullible people to risk it all and move there only to end up disappointed.This is my last post here, good luck to us all.May our hustles pay!

TransAtlanticEx:
Money that a lot of them don't have,and I mean really good money.
Unless for those targeting limited market businesses like selling african food and so on...

TransAtlanticEx:
Its easier to do business in Nigeria than in Canada.
Can you have what it takes to start a business in Canada?

Gerrard59:


Well, even the likes of Nestle, Unilever and many businesses are groaning admist low purchasing power. Like Tensazangetsu20 said, it makes sense to start a business in a place where purchasing power exists compared to a place where it doesn't. Just because Nigeria has a population of 200M doesn't mean our purchasing power equals Brazil who has similar population stats. Our people are too poor which is why major brands aren't operating here unlike say India or Brazil or even Vietnam.

https://www.hindustantimes.com/business-news/7-indian-americans-in-forbes-list-of-richest-people-in-us/story-KlLN16SGeNDYUlJ22OCCkI.html

Those are Indian billionaires who started their businesses in the US. Again, Tensazangetsu20 is right and even more so when one considers that India has more homegrown dollar billionaires than Nigeria which doesn't even has an abroad-grown billionaire.

maternal:


The west has a good and easy credit system where one can easily raise the capital they need to start a business. What are you talking about?

TransAtlanticEx:
Go and collect one million dollars from the easy credit na.
If you succeed,come back and tell us
Or you think it's by getting peasant car loan for 8% interest or CC that you'd use to start and run a business?
Easy credit my ass.
And suddenly they'd give that kind of capital to a person with no credit history,an African nigga for that matter because money grow on trees in America abi?

GallantDuke:
I think anyone earning 200k monthly in Nigeria is not doing bad.

maternal:


Why do Nigerians coming abroad expect everything to be easy. I can. But I don't do business. Whats wrong with building your credit history, then accumulating assets, to take a loan against that ? Must everything happen overnight? Better yet why haven't these young business minded men in Nigeria, gone and collected loans from a naija bank ? They must have created credit history by now lol. They same car bank loan you mock, 95% of the people there wouldn't even qualify for it here with their 2 USD per day salary.

TransAtlanticEx:
Nestle and Unilever is leaving Nigeria to go where for lack of purchasing power?
I don't know who you think you are talking to,but if a brand such as Moet hennessy that is a luxury brand has its biggest market for Africa and middle east in Nigeria,then I wonder why Unilever and Nestle of all people will be groaning over N50 maggi they sell.
Go and look for who to tell this joke,not me that is in actual trade.

Gerrard59:


I never stated that those companies are leaving Nigeria rather they are groaning. Groan doesn't equate to leave. And yes, I'm right, those firms are groaning due to the low purchasing power.
https://www.ft.com/content/f5d1d240-524b-11ea-90ad-25e377c0ee1f

https://www.ft.com/content/de2aa98e-1360-11e5-ad26-00144feabdc0

maternal:


I agree. Because in naija every kobo you make you keep. You don't have to spend money on taxes, school fees, generator, fuel for generator, police bribe, transportation, phone credit, water, food, clothes, etc. Only in Canada does your money go to bills and daily expenses.

Kekereekun123:
bsc, highest ielts under 30 is 441, with bsc and another degree 474, with masters 481. No be today things we don dey use that tool. You probably did not simulate well

TransAtlanticEx:
I will speak about myself only,I don't need a loan to buy a car in the first place and I drive pretty new cars.
Also,you were the one that said nothing is stopping any immigrant from opening a business abroad na lol.
Why you dey change mouth again.
You can take a loan of $1m?
Do you know what a loan is this woman?
You think its mortgage or car loan abi lol?
Let me tell you the difference since you don't seem to know.
With mortgage,the bank don't give you money.They simply pay the developer for you and collect their money in bits,so that if you default,they collect their house back and throw your ass in the streets.
Same for cars.You all don't own this things while the loan lasts,because a single default can have them repossessed.Just a paycheck away from being homeless kind of situation.
But for loan,the bank has to actually credit your account with funds they will have no control over with no collateral to hold on to for an immigrants case,so if you fail or chose to take their money,how fo they recover it?
So my friend,nobody will give you $1m
You can tell that to these unexploded,desperate kids,not me.

Logic over emotions please.

donogaga:


Please assist me.

For instance, less than 30 years of age, M.Sc, High IELTS, 3 years work experience and again, having a sibling who is a PR/Citizen of Canada, what would be the likely score?

ecomalchemist:


lol, your the sarcasm in your post smells like lavendar.

maternal:


Using cash for everything is a 3rd world mentality. Even billionaire take loans. Nothing is stopping an immigrant from opening a business. A bank has to assess your liability. This isn't your fathers bank. Prove your responsible and there's a realistic way you can pay the money back on time, why won't you get it ? Or you think you'll land today, then get a 1 million dollar loan tomorrow? So they do that for naija as well ?

People who live in the west are laughing at you. I let you go when you mocked the restaurant business, one of the most profitable industry in the west. But your ignorance is comical. The unsecured loan you're talking about is called a line of credit which most have. Its in your account. But if you want a business line of credit, even in the millions, you have to show your business plan to the bank. This is not the bank of jagga jagga, or first uncle bank. Prove you can pay them back with interest and the money is yours. Which bank doesn't assess their risks ?

As for real estate/home ownership in the west. When you get the mortgage and start paying it down, your house also appreciates. The bank will take what you owe on your mortgage, along with the new appreciated value, come up with a number, and allow you to take a loan for that against your property, the new appreciated value, based on your mortgage interest rate. Are you following? So I know someone who bought property in an expensive area in Toronto called lakeshore 10 years ago. With the appreciated value, and with him paying the mortgage down for 10 years (he has renters there) the bank said he could collect 900k dollars loan against his property. He's only 38 years old. Again what are you talking about?

TransAtlanticEx:
Billionaires take loans,but not at the level of cars and houses
They take loans to do business and expand their empire.
Only poor people buy houses and cars on credit,so they can use their little change for something else.
It seems you are very dull,how does an immigrant prove to a bank that he is worthy of credit worth a million dollars,not mortgage,but outright cash credit?
You talk about business plan?who gives a shit about your business plan?the ban wants something it can hold unto should you default you dey talk business plan?
Ngwa go and collect the loan na,mugu
It is not a must that your house will appreciate in the west,that depends on an whole lot of factors you might be too daft to understand,this one weh to understand common credit dey hard you.
You give example of someone who has paid a mortgage for 10 years and owned the property and you describe it as easy access to credit?
Wouldn't the bank own his property should he default?how is this easy access to credit?
Where will a fresh migrant get the collateral to give in the first place?
Also for African restaurant business,its a limited market for Africans only.
What happens when this tiny market isn't buying as much for factors such a no time to cook,temperature,cost,competition,etc?
That a few people have made money from it don't make it a good business because its customer base is restricted to Africans only.
Whites,Latinos no get time to dey buy your garri na
And you don't need much money to start up an africa food trading business.So why bring that up?

maternal:


You're getting emotional. Its a sign of defeat. Stop talking about things you know nothing about. I'm not reading all that. Still waiting for the criteria for a common man to get a bank loan in naija. I guess Zack is broke ? lol. You don't know anything about business. Go and sit down.

https://www.cbc.ca/1.5782642

TransAtlanticEx:
I will speak about myself only,I don't need a loan to buy a car in the first place and I drive pretty new cars.
Also,you were the one that said nothing is stopping any immigrant from opening a business abroad na lol.
Why you dey change mouth again.
You can take a loan of $1m?
Do you know what a loan is this woman?
You think its mortgage or car loan abi lol?
Let me tell you the difference since you don't seem to know.
With mortgage,the bank don't give you money.They simply pay the property developer for you and collect their money from you in bits,so that if you default with periodic payments,they collect their house back and throw your ass in the streets.
Same for cars.You all don't own this things while the mortgage or note lasts,because a single default can have them repossessed.Just a paycheck away from being homeless kind of situation.
But for loan,the bank has to actually credit your account with funds they will have no control over with no collateral to hold on to for an immigrants case,so if you fail or chose to take their money,how do they recover it?
So my friend,nobody will give you $1m
You can tell that to these unexposed,desperate kids,not me.

Logic over emotions please.