₦airaland Forum

Solatium:
Whatever you do don't buy and a piece of land and keep if you are not ready to commence building

There is something yo want to say. Please say it, i want to learn this part.

hola106:
Guy buid a house in Nigeria get a reliable and trusted person to help you renovate it then put on lease sharp after few years you earn double

That is not an investment jare.

Na we dey here

gypsey:
I am thinking of relocating to Nigeria, even though i was born in hackney East london. But hang on! Security is rubbish in Nigeria.

Lekki is far safer than Hackney where you could be knifed by a member of gangs there while minding your own business!

sukieboy:
Dont invest in Nigeria oooo. There is no hope that Nigerians can elect a good leadership to sustain your investment. One idiot will wake up one day and Gokada your investment with a silly policy and Nigerians on social media will ask you where you got the investment money from in th4 first place.

Don't invest in Nigeria. Buy stocks on US stocks where the dollar is secure. Even if your 50m grows in Nigeria, after 10 years it will be the same money or less in dollars.

Don't invest. A word is enough for the wise.

Gbam!!!!

This is something many people dont understand, naira devaluation which is a guarantee over time, will erode any Naira gains. if you bought a flat in Lekki for 35m in 2015, you would have spent $170-200k approx, today that flat is 50M, 60m if you are lucky which is just about $100-120k because Naira has gone from 190 to $1 to 460/470!! naira always falls, it has been falling since the 1970s and it will continue to fall!!!

That is a very good friend and good advice. Also probably start your PR process to Canada or any other choice country now if it's possible. You have to think of plan B if you dont get that professional job. Don't build any house. Just save your money if possible. And ofcourse like you said most young Nigerians now should be looking for in simple terms how to "japa" The country has failed the youths for sure. My 2 cents.

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Boss, congrats on escaping the poverty cycle. For people like us, struggling graduates who long for a better future like yours, the best way to appreciate your elevation is to complement the struggles of someone like me who reminds you of your past. I finished from OAU with 4.31 and did professional exams during service, yet nothing appreciable to show for it. Pls help a brother with something to start anything. I sent you a PM, but your profile says you can't access your mail. Help me bro. Thanks. My WhatsApp no is 09013417186.

My advise to you is very different from others. Being also a student in Germany since 2018, I have come to realize that no matter your resident status anywhere in the world, home is where the heart is. As a student, it is not mandatory to invest in Nigeria while studying but is is a very wise decision to take. Waiting until you get PR in Germany or Canada is like putting all your eggs in one basket. You can buy a plot of land in Nigeria and watch the value appreciate before you graduate!

Studying/working in Europe is not easy as many people assume. The system has been designed to take back a large chunk of your earnings (tax, health insurance/ bills etc) and you may be left with nothing to save. Also getting a PR does not guaranty that your income/savings will improve. Remember, after graduation, you will not be living in the subsidized student hostels anymore. There are lots of PR holders and citizens here that can barely get by with what they earn. Some can not go back home for a visit because they have nothing to show after staying for years in the West. If you invest early in Nigeria, your life will have a purpose here in the west. I know students who have real estate investments in Nigeria and they earn returns without breaking a sweat.

A wise investment in Nigeria may be your saving grace in case of emergency! Government policies in the West changes without notice and you need a solid backup at home! No investment is too early, only late investments are regrettable.

Mister. I have a few words. Your friend has told you the reality of your situation. My two pence piece of advice is this. A bird in hand is worth two in the bush.

If nigeria favour you, stay, don't go to abroad. Without money i don't think any other things can take me abroad.

DortmundGirl:
Save your money!!

According to Aufenthaltsgesetz (immigration law of Germany) to buy land or property in Germany doesnt guaranty a residence permit!

They can still ask you to leave the country despite having land or a house if you dont find job after studies unless you open a big company and invest a lot of money in Germany .

Good luck

yeah, he should safe his money. German immigration law is the worst in EU. Your permanent residence in Germany can’t work or live in another EU country, but EU member state permanent residence can work in Germany.
Try and find way to have another European document, german document is not strong for immigrants.
You can easily be deported for slightest mistake.

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Your friend name na Solomon? See sense. You not need any advice here, your friend has said it all.

you don't have to bother about investing at home for now "nah person wey chop better food dey do stunts"... just take a chill pill, establish and invest in yourself well in Europe doing all good advices from others and from your... and after you become better than this, then you should definitely invest back home... cos returning the will be kingly... mafo

Good advice, great friend.

As someone who invested in Nigeria from abroad, Nigerian investments will only make you poorer.

I don talk my own oh

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

/
This is a very tough question and a big dilemma.

The answer is not as easy as some people may think.

The only thing I can think of now is 50:50. Push some fund into a dom account in Nigeria and keep upgrading yourself with the rest. Nothing to invest(?) in Nigeria for now since you are not there.

/

To me invest now.

Naira is at an all time low because of covid and drop in oil price by next year when covid ends and naira starts rising ur money might not be as big as it is if u invest right now.

bamdexfarms:
My advise to you is very different from others. Being also a student in Germany since 2018, I have come to realize that no matter your resident status anywhere in the world, home is where the heart is. As a student, it is not mandatory to invest in Nigeria while studying but is is a very wise decision to take. Waiting until you get PR in Germany or Canada is like putting all your eggs in one basket. You can buy a plot of land in Nigeria and watch the value appreciate before you graduate!

Studying/working in Europe is not easy as many people assume. The system has been designed to take back a large chunk of your earnings (tax, health insurance/ bills etc) and you may be left with nothing to save. Also getting a PR does not guaranty that your income/savings will improve. Remember, after graduation, you will not be living in the subsidized student hostels anymore. There are lots of PR holders and citizens here that can barely get by with what they earn. Some can not go back home for a visit because they have nothing to show after staying for years in the Wets. If you invest early in Nigeria, your life will have a purpose here in the west. I know students who have real estate investments in Nigeria and they earn returns without breaking a sweat.

A wise investment in Nigeria may be your saving grace in case of emergency! Government policies in the West changes without notice and you need a solid backup at home! No investment is too early, only late investments are regrettable.

In Europe u might make money but u can never make the big bucks. And u would continue to work all your life. But there's a kind of investment u would do in Nigeria all u will do I. Europe is just chill and enjoy d place

Basalt:
Waoooo, thank you guys for your contributions.
Happy Sunday to you all.

Please sir, I am a graduate of computer science and a practicing web developer. I want to leave this country as soon as possible. Can I talk to you?

My brother ur friend is right.
If u know what is good for u don't u ever think of relocating to Nigeria.
I will advise u to look for a wife there also.
Ur country Nigeria is a shit hole.

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

MyGeneration:
In Europe u might make money but u can never make the big bucks. And u would continue to work all your life. But there's a kind of investment u would do in Nigeria all u will do I. Europe is just chill and enjoy d place

This would be factual if inflation wasn't a problem.

My best performing assets are those left in forex.

Trust me I tried a lot of different types of investments in Nigeria but inflation keeps rendering them useless.


I can't recover the full amount i sent, isn't it better to keep your fund's until the government set's a clear path for stability

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

You can actually invest in yourself as your friend suggested and also invest in properties in Nigeria.

1. If you graduate with a good grade, you have a good chance of getting a funded PhD programme in Canada or USA. So, whatever your jobs you are doing now, make sure they do no affect your studies. Investment in yourself through certifications/professional training will come handy when you are applying for PhD programme. There are few universities in Canada who do not require language proficiency results, what will count is your grade and how many papers have you published.

2. In any human endeavours, you must have a plan B. If plan A does not work out, you can always fall back to your plan B. Investing in properties in major cities in Nigeria is not a bad idea at this juncture. You can buy plots of land in good areas and I tell you, you will get your money back.

If I may ask, do you need to spend Millions to invest in yourself? I don't think so...

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Set up your siblings, build a family house if there is none but do not invest except you want to set up a business for your parents or siblings.

Unityroad:
Learn to read well before you type next time

Omo, she nearly confuse me, I come dey think wether I read the story upside down

God bless ur friend

jajeri3216:
This would be factual if inflation wasn't a problem.

My best performing assets are those left in forex.

Trust me I tried a lot of different types of investments in Nigeria but inflation keeps rendering them useless.


I can't recover the full amount i sent, isn't it better to keep your fund's until the government set's a clear path for stability

It depends on area invested on.

I have investments in agriculture and the investment has been good this year

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Invest in German stocks or Treasury Bills until you are sure which location you will settle in. DO NOT invest in land/house in Nigeria unless it is inevitable that you are coming back. You lose nothing because even if it takes a year before it is 100% sure you are coming back, your $1 that is worth N470 today, may be worth N550 by then.

Generally any Nigerian that does not have foreign currency investments is DOOMED. I GUARANTEE you by 2030 $1 will be N1000!!

optimusprime2:
Your friend has told you all you need to hear and all you need to know...
Because if you have said a home return is out of the question, then start giving yourself a stronger base over there, you can always get a land when you are properly situated...

I have a couple of questions for you;

1-How good is your German on a scale of 1-10?
2- would you like to stay long term in Germany?

I asked you those questions because if your answer to question(2) is yes, then you need to heavily and I mean "heavily" work on your German language skills, the moment you can rate yourself a 7 out of 10, you would not need IT skills/certifications to land your self a job in Germany... getting a job in Germany quickly, to a large extent depends on your German language skills. Infact once you have a German diploma and can speak German proficiently, you may not even need that extra 18 months, because you would most likely find a job before the expiration of your student Aufenthaltstitel.

Take note job hunting as a German diploma holder and German speaker, is not limited to Germany alone... Austria is well in the hoop too!

I am in level A2.1 now which is about 3.75/10 German level.
My main aim now is to have a permanent stay in any western country not necessarily German but any developed country at all and you can only do that by getting a professional job or by marrying a German citizen. I just like the way things are run here and when you work hard, you earn hard.

If you like yaself, berra siddon there.

Domiciliary Account? When he decides to withdraw his the charges are too high!

InvertedHammer:
/
This is a very tough question and a big dilemma.

The answer is not as easy as some people may think.

The only thing I can think of now is 50:50. Push some fund into a dom account in Nigeria and keep upgrading yourself with the rest. Nothing to invest(?) in Nigeria for now since you are not there.

/

MyGeneration:
It depends on area invested on.

I have investments in agriculture and the investment has been good this year

That's the problem, he can't manage the business from abroad.

As someone who's starting out, he's better off piling away more funds for now and with the citizenship issue, he's not secure enough to be sending money home, maybe after.


My two cents, been there done that.

Basalt:
Goodmorning Ladies and Gentlemen.
I am Basalt by name and I came to Germany last year(2019) October for my MSc studies with a little amount of Money and a partially borrowed block account from my inlaw (his money and my money).
On arrival in Germany, I took only a few courses and got a job outside my city and also got a mini-job. I did all my monthly expenses from my Mini job and used my main job to completely pay back my debt within a few months of arrival.

Now, that's not the discussion at hand.
I need advice especially from people who have lived abroad or have many years of experience in life.
My visa still counts till 2022 and I can even extend it if I don't finish my studies by then.
According to German policy, once you graduate from the University, you will be given 18 months to get a professional job or return back to your country.
Returning back to Nigeria is totally out of my plan at least for now because I came from a very poor family without any job connection and I am really enjoying Europe.
I plan to buy land or start building a house (I saved millions of naira and will even save more as time goes) but my friend who is also a student here discouraged me against that saying that my root is not yet fixed abroad that I should wait and continue investing in myself and undergoing professional training until I get permanent residency before investing. That I should always keep saving because it is not certain that I will get a professional job after graduation since my course is not in Information Technology which is currently booming in Germany. That even if I don't get a job, I can use the money to migrate to Canada or any other country of my choice.
He asked What if you invest the money now and don't get a job after graduation, what will you do after the 18 months of post graduation visa since you don't have any backup from home who will help you out financially.

What do you guys think. I need opinions

Listen to you friend, develop your career first hopefully in the booming IT industry, stay in Germany or migrate to Canada, but don't invest in Nigeria until you have bought your first house in Europe or Canada.

Nigeria is on the downward spiral, population explosion, hopeless, corrupt and ignorant political leaders and an economic that is a joke.....the currency has gone from N180 to N600 in 5 years. If you bought a house for 40 million in 2014, that cost me £222,222. That same house is now value at £66,666 today and I can't even get my Naira converted into dollars.

FanOfMyself:
Please sir, I am a graduate of computer science and a practicing web developer. I want to leave this country as soon as possible. Can I talk to you?

also a bsc graduate in computer science. Wanna leave this country too. Do you have any publication cos I do.