yemmie:
@ poster .. Don't abandon your good life at 48 to Australia.
Shuttle between Australia and Lagos
Don't ever sell your house or investment to relocate at this age .. it is like committing suicide

Australia employers pays superannuation 11% per your base income. You can't access that money till you are 65 years, they want to pass a law to move to 70 years.

To live a comfortable life ( not luxury life) in Australia in Perth, you need $5000 monthly to pay mortgage and other bills. A gross salary of $180k Australia is $10,340 monthly.. only 10% of Australia professional working class earn that much.

$ A 200k - $ A 250k gross annual only 5% of professional work force earn that ..above $A250k only 1% of the work force earn that.

Tax bracket change to 45% above $A180k

Median house price for 4 bedroom house is A$650k now to purchase mortgage loan .. you deposit 20% to avoid LMI

So look at your future and think about retirement plans .. your kids have the time but not you

By 50 years of age - Nigerian with dual citizens in Australia / Canada /America should be planning of retirement ...go enjoy life with fresh palm wine, correct ponded yam in mortal -- with your childhood friends back at home in your palace ( a king in your domain) .. otherwise setting up yourself to work like clock forever

yemmie:
@ poster .. Don't abandon your good life at 48 to Australia.
Shuttle between Australia and Lagos
Don't ever sell your house or investment to relocate at this age .. it is like committing suicide

Australia employers pays superannuation 11% per your base income. You can't access that money till you are 65 years, they want to pass a law to move to 70 years.

To live a comfortable life ( not luxury life) in Australia in Perth, you need $5000 monthly to pay mortgage and other bills. A gross salary of $180k Australia is $10,340 monthly.. only 10% of Australia professional working class earn that much.

$ A 200k - $ A 250k gross annual only 5% of professional work force earn that ..above $A250k only 1% of the work force earn that.

Tax bracket change to 45% above $A180k

Median house price for 4 bedroom house is A$650k now to purchase mortgage loan .. you deposit 20% to avoid LMI

So look at your future and think about retirement plans .. your kids have the time but not you

By 50 years of age - Nigerian with dual citizens in Australia / Canada /America should be planning of retirement ...go enjoy life with fresh palm wine, correct ponded yam in mortal -- with your childhood friends back at home in your palace ( a king in your domain) .. otherwise setting up yourself to work like clock forever

If these first one hundred days of Tinubu’s Presidency are anything to go by, one can say without equivocation that Nigerians are in for a long time of pain and anguish.

Virtually all of Tinubu’s decisions so far have been egregious, whether nationally or on the international front. At home on 29th May 2023, the day of his inauguration as President, Tinubu brazenly announced an end to petrol subsidy in Nigeria.

Within hours of that hasty announcement, the price of petrol at the petrol filling stations jumped by 300% from 185 naira per liter to 500 naira. The price keeps on going up, and today,100 days later, the price of a liter of petrol has risen to 617 naira.

Virtually all aspects of life have been impacted negatively by the petrol price increase. Cost of transportation is the first to be impacted, followed by everything else: food, housing, medication, clothing, household items such as soap and cooking gas.

The destructive consequence of the oil price increase is also evident on a macro level. Nigeria’s economy is in grave danger of collapse.

Companies are folding up, unable to bear the cost of production. They are laying off staff in the thousands. Unemployment is therefore increasing exponentially. Even where they are not laid off, workers can’t go to work because they are unable to pay for transportation. Productivity is drastically reduced nationwide.

The situation is so dire that some state government offices and agencies have resigned themselves to operating a three day, instead of the normal five day work week.

The reduction in productivity implies a reduction in the county’s gross Domestic Product (GDP).

Tinubu’s failure to understand that oil in the service of transportation is the lifeline of any economy, is creating unbearable hardship for citizens, and threatening to destroy the economy.

Unfortunately for the country, Tinubu’s missteps since taking office are not limited to the removal of fuel subsidies. Consider the other corrosive policies and pronouncements:

Anti Education Policies:

Conventional thinking worldwide is that education is the antidote to poverty. It is by embracing this philosophy that India, South Korea, and Malaysia for example were able to pull their countries out of poverty, making them models of economic and social emancipation.

In the last three months, Tinubu’s attitude toward education has totally disregarded the role of education in human capacity building.

By increasing fees in federal schools and Universities, he has undermined the ability of parents to send their children to school, and consequently reduced the number of the nation’s productive work force.

His Foreign currency policy which has depreciated the value of naira from 1/ 700 to the dollar to 1/880 has had a chilling effect also on education. Form A through which foreign education costs are paid at bank rate is no longer available since the bank rate of 1/450 has been eliminated.

Online education has also been adversely affected because payment at bank rate for online courses is no longer an option. Under Tinubu’s watch, the bank rate and black market rate are virtually the same.

Another aspect of education which has been undermined by the Foreign Exchange policy is travel.

The legendary Chinese philosopher, Confucius long ago appropriately identified travel as the greatest source of education.

By voiding bank rate Personal Travel Allowance (PTA) the Tinubu administration is inadvertently placing limitations on citizens’ exposure and education. Discouraging travel also reduces potential revenue from tourism

Immoral And Reckless Proposals:

Under Tinubu, every day is another day of one outlandish proposal or the other. Not minding the constitutional separation of state and religious powers, Tinubu’s government is debating the idea of collecting license fees from Christian priests before they are allowed to mount the pulpit. Perhaps Muslim clerics will also be required to pay a fee before qualifying to say the Fathia!

Another mean spirited idea being considered is that car owners must register ownership of their vehicle annually with a 1,000 naira levy, even though all vehicles sale or purchase is accompanied by strict identification processes.

The idea of imposing tax on the informal economic sector is rather pointless. Government will be expending far more paying the salary of tax collectors than the taxes collected from petty traders, most of whom make less than 3,000 naira profit per day.

As in everything else, Tinubu will put the cart before the horse. He fails to realise that it is imperative for the government to provide an enabling environment for marketers before demanding taxes from them. Otherwise, operators of the informal economic sector will continue to be harassed and abused by local government touts as they are presently in the society.

A proposal to increase electricity tariff by 40% is another one of Tinubu’s ill-conceived ideas. Such an increase is hostile to citizens and detrimental to business. For the people, already suffering from the recent astronomical increase in cost of petrol, and the overall high cost of living, triggered by removal of petrol subsidy, an increase in cost of electricity will be another crushing blow.

Reacting to what it termed punitive economic policies, Nigeria Labour Congress (NLC), called on all unions in the critical sectors of the economy and its 52 other affiliates to shut the government down on 5th and 6th September 2023. NLC was determined to dramatize its opposition to Tinubu’s draconian economic measures.

Nigerian Union of Petroleum and Natural Gas Workers, ( NUPENG), National Union of Electricity Employees (NUEE), Telecommunications and Communications Union, and National Union of Bankers, Insurance and Financial Institutions Employees (NUBIFIE) have all come together to express their displeasure with the Tinubu led administration with this September strike action. Nigeria Labour Congress called it a warning, which could lead to an indefinite strike action if Tinubu does not bring down the price of petrol, and reverse his other anti-people policies

Shortsighted Economic Policies:

All the revenue needed to develop the Nation’s economy can be obtained without elimination of petroleum pump price if in the short run government tackles corruption, waste and inefficiency in major government agencies like the Nigerian National Petroleum Corporation Limited (NNPCL), Nigerian Maritime Administration and Safety Agency (NIMASA), Central Bank of Nigeria (CBN), Nigeria Ports Authority (NPA) and Federal Inland Revenue Service (FIRS). In the long term, the President must take the bold step of championing a review of the 1999 Constitution to the effect of enabling state control of minerals within their jurisdiction.

If the Nigerian economy is to achieve its full potential, the constitution must be reset to allow states determine ways to develop their mineral resources, instead of depending on Federal Government approval as is the case currently.

With such a review, Ondo State which is sitting on the third largest deposit of bitumen in the world, Enugu State with the ninth highest reserve of natural gas in the world, and other states with abundance of gold, uranium, bauxite, led and lithium can add trillions of dollars to the country’s existing oil revenue.

Under these circumstances, Nigeria has the potential of becoming one of the wealthiest counties in the world.

This country has no reason to remove oil subsidies. In fact, in addition to subsidizing petrol price, a responsible government is obliged to provide subsidies in transportation, health, food, education, housing, and electricity. Tinubu should realise that it is the extent to which he is able to do this which will determine the success or failure of his administration.

A Perilous Foreign Policy:

Within 60 days of his administration, Tinubu’s foreign policy aptitude came under scrutiny, and sad to say, he failed miserably.

On July 26, 2023, a military junta in the country of Niger Republic announced that it had ousted its democratically elected president, President Mohamed Bozoum.

Three days later, with little or no consultation, and without waiting to dialogue with the coup d’etat plotters in Niger, Bola Tinubu, newly elected President of the Economic Community of West African States (ECOWAS), approached Nigeria’s National Assembly with a request to prepare to go to war against Niger.

Just as he had done with the removal of petrol subsidy, Tinubu approached the Niger question without proper introspection, without considering the implications of his action; with what gives the impression of childish bravado, and youthful exuberance.

Nigeria has nothing to gain, but all to lose in a war with the Republic of Niger. Consider the potential for destruction; The Nigerian led forces will be confronting the combined military of Mali, Guinea, Bokina Faso in addition to that of Niger. The Russian Wagner Forces will join them. Nigerian led ECOWAS forces will be dissipated.

Not only does Niger share a common border with seven Nigerian States; Kebbi, Sokoto, Zamfara, Katsina,Yobe, Jigawa, and Borno States, the land space of Niger actually forms an arc over Northern Nigeria. It is easy to see how the war will close in Nigeria and leave it helpless.

Niger Republic can quite feasibly lay siege on Nigeria from up the North. It will cut off economic activities, such as supply of the much needed agricultural produce from the North.

Then there is the thorny question of troop loyalty. Does Tinubu know the percentage of Nigerian soldiers that are actually Nigeriens?

A war against Niger will be the greatest misadventure in Nigeria’s history. It will exacerbate the fragile North – South divide. It will sever the North from the South. It will lead to enumerable loss of lives, and most likely destroy the Nigerian economy.

To summarize, in his first 100 days in office, Tinubu has demonstrated that he is a man who is quick to act without considering the consequences of his actions.

The key responsibilities of any government to its citizens are the provision of a secured environment, the promotion of positive economic policies, and the establishment of fairness and equity in governance. So far Tinubu’s administration is flawed in all three areas.

He has been oblivious of the suffering of citizens. He was quick to remove oil subsidy claiming it to be an economic burden on the country. Meanwhile, his bloated administration of 48 Ministers and hundreds of support staff; the most expensive in the nation’s history may actually prove to be financially damaging to the nation.

Insecurity has gone unchecked. In parts of the north, farmers are unable to go to farms because of fear of bandits. Whole communities are held hostage by terrorist gangs who extort taxes from defenceless citizens.

Travelling from one state to another state is perilous as citizens are abducted from public transportation vehicles, and those traveling in private vehicles fall prey to armed robbers.

Insecurity in the South – South and South -East geopolitical zones is getting worse because this administration has failed to address the issue of the growing influence of warlords and secessionist groups in the area.

And in the area of governance, Tinubu’s choice of ministers has been criticized by many as a demonstration of his poor sense of judgment. It is a recycling of ‘ deadwood ‘ failed, former governors and misfits.

Pastor Bakare, the influential Overseer of the Citadel Global Community Church (CGCC) believes that most of these ministers have been brought on board simply as beneficiaries of government patronage.

It is unfortunate, but all that one is able to decipher in the first 100 days of Tinubu’s Presidency is a dysfunctional administration, led by a megalomaniac, and the unveiling of an apocalyptic social and political order.

KyleJason:



The part that caught my attention is VISITING ENUGU ONCE A WEEK FROM LAGOS.

Let's do the Math.

Assuming you're travelling once every week, TO and FRO = N100,000 TP

4 Weeks X N100,000 = N400,000 a month roughly + Lagos intra movement TO and FRO work and home = N65,000

Altogether = N465,000 per month for transport

Per year = N465,000 X 12 months
= N5, 580, 000

Is that what you'll be spending because you miss ONLY your kids?

How much is your gross salary per annum? Is it up to N15,000,000?

Please, wise up and visit your family once in three months if you know you want to save and not face the dangers of the road.

If you're thinking of using the airline, then we will multiply that N5, 580, 000 by 7 times.

Anyway, Lagos has some sweet campus runs babes that you can lay with if the need arises or better still use a Vaseline.

I wish you a great Lagos adventure.

Cheers!

charles009:

Folks, in a few days I will be leaving for Lagos . I currently live in Enugu, amazing city. I can move my family, but Wify advised the kids stay back in Enugu for at least another year to enable me settle. For the first time since I got married 7 years ago, I will be leaving my relatively young family behind. I love my children to bits and immensely enjoy every second I share with them. Our bond is so strong. The feeling of staying a day without my babies is completely indescribable. Although I intend to visit Enugu at least once weekly.

Guys please encourage me.

chloedogie:


Typical. Hunger? I laugh. If 10 people's salaries in your family put together amount to 60% of my net salary not gross ooo, your head would have had a good reset and you won't be here disgracing your ancestors. Kids everywhere. Hunger? 😂😂😂😂😂.

Mind you my submission about your family members' salaries is a function of if they earn nothing less than a quarter of a million individually ooo😂😂😂😂😂

Ozommadu:


See pesin we hunger wan kee

DeBigdick:
Do you want to hear the Truth?
To earn 100Million Abroad depends on the kind of skills and Industry you are.
Medical Practitioners, Tech and few other industry will certainly be earning a lot of $ so it'll be easy for them to make that in few years.
Some Resident doctors for example make $5000 per month, Nurses around $4000.
But all these is after years of hardwork. Also, Keep in mind they're heavily taxed plus Bills too. Removing tax and bills 40% of their income is already gone.

Bottom line is if you're a king in Nigeria there's no need to migrate to become a slave. I for example earn almost $700 per month from Upwork and Fiverr, I also play 4 odds on sporty bed. my gross income is almost $1500 per month. if I convert my $ to Naira, that's a lot. If I were living in the US I will be a poor man. To make 100 Million will take me 2 -3 years.

Also here in Nigeria I'm not choked with taxes, I've never paid water bill before, I didn't pay tax when I bought my car I didn't pay vat or tax for my house, everything here is like cash and carry.

The only thing Nigeria doesn't have in human Security and Dignity of labour

But Still, I'd rather be a Rich man in Nigeria than be a struggling man in Abroad.

Most of my guys wished they never left but they'll rather die there doing manual jobs than come back because of shame.

This is not PR for Anti - Japa. I'm just telling you the reality, Abroad is not bed of roses. if you're making a lot of money here, I see no reason why you should Japa to another country to suffer.

If you're girl and you're freaky Dm

Good Afternoon

I will try and be brief as much as possible.

I work as an Accountant in a Manufacturing Private firm in Nigeria. My Annual gross salary is between 1.3M - 1.5M excluding other bonuses and benefits. I work from Monday through Saturdays with 30 Minute Break within each days. The firm is a big firm with a average monthly revenue of over 50M.

Here's the problem, there is no checks and balance in the firm,. i basically do almost all the work, i do procurement, Auditing, Accounting and even sales sometimes. this has given me a room to defraud the firm. for more than 48 Months now, I've defrauded the firm. I haven't touched my salary since then, I've been living with the proceeds i get from defrauding the firm. i made averagely over 200K a month from this fraudulent act. the scary thing is i control almost all the checks and processes, so the act of being caught is 'may' be impossible.

Deep down inside me, i feel guilt and hated myself for this but that urge of (Chilling with the Big Boys) wont just let me.. I've tried to convince the management to employ an auditor and other staffs but it all fall on deaf ears, (They claimed the work is moving so why incur more cost on Man Power. The MD/ BOD isn't even helping matters. they put unnecessary pressure on me to get some reports done within a short period of time. i hardly have time for myself not to talk of my family. i'm Married with a Boy of 2 years. I pray to God to help me stop this act. if not for anything for the sake of my Kid. I really want to stop deep down inside of me.

Please help a Confused Accountant.

Beneficiaries of subsidy ready to undermine govt, says VP Shettima


Vice President Kashim Shettima has said that those who lost out as a result of the removal of subsidy were determined to frustrate the government’s policies and programmes.

Shettima made this disclosure in Abuja on Tuesday, September 5, at the 16th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN).

He said the Bola Ahmed Tinubu administration remains committed to its decisions, policies, and programmes and vowed that the removal of subsidy is irrevocable.


Addressing the audience, Shettima stated: “We know the consequences of unveiling a masquerade. We know the fuel scam industry is a very hugely loaded industry, they will make every effort to undermine us but as I said earlier the removal of fuel subsidy is irrevocable; truly we are in dire straits.”

On the outcomes of recent government policies and programmes especially the removal of subsidy, Shettima said: “I must announce with pride that our decisions are already yielding tangible results, with both state and federal governments now enjoying more substantial allocations.”


“These funds promise a direct and positive impact on the lives of our citizens. Without the serially unaccounted fuel subsidies, we can now redirect our savings towards more deserving causes”.

The vice president invited the banking community to join the government in rejuvenating the economy.

According to him, “We must now do what pessimists may regard as impossible: turning the economy around in record time. We seek your partnership in getting this done. We cannot take your support for granted.

“This journey towards economic rejuvenation is not one to be undertaken in isolation. It is a call to forge robust partnerships with strategic nations and multilateral organizations, for in unity, Nigeria can reposition itself as a formidable, globally competitive partner.”

Speaking further Shettima said: “We have promised to reposition consumer finance, and that can’t be done without you. We have promised to incentivise and finance value-addition to our agricultural and other products, and you are our ally in this. We need you because Nigeria teeters on the edge of a precarious balance of payments as we import more than we export.

“The future is already here, and this industry is a springboard for the success of our reforms and programmes. Whether in incorporating blockchain technology or expanding financial inclusion to deliver dividends of democracy to banking and unbanked citizens, Nigeria is here to occupy the high table in a fast-changing world”.

The government he said envisions “a future where no leader can resort to the tired excuse of ‘scarcity of funds’ to evade completion of projects or delayed salary payments. Nigeria is crafting a story where the welfare of our people takes precedence, and financial accountability reigns supreme.”

vice president said: “We have resolved to prioritise food security and ending poverty. We are prioritising economic growth and job creation. We are prioritising access to capital and improving security.

“We are prioritising improving the playing field on which people and particularly companies like yours operate. We are also prioritising the rule of law and the fight against corruption. Each agenda cannot be fully implemented without your cooperation.”

Earlier in his remarks, the president of the Chattered Institute of Bankers, Ken Opara said the event which has grown to become the largest gathering of banking and finance professionals in Africa, provides the platform for professionals to come together to drive the conversation on topical issues that are critical to the growth of the Nigerian economy.

He praised the reform initiatives of President Bola Tinubu, noting that “the reform initiatives such as subsidy removal, unifying the foreign exchange regime, investing in infrastructure, promoting agriculture, supporting SMEs and tax reforms, among others, if well implemented will unlock the economic potentials of the country.”

The chairman of the Body of Bank CEOs and Managing Director of Zenith Bank, Ebenezer Onyeagwu called for deliberate action from commercial banks and development banks in Nigeria to support small and medium-sized enterprises (SMEs) and promote economic growth.

Onyeagwu argued that commercial banks should not be solely responsible for financing and supporting SMEs, as this would not lead to progress and development. He suggested that “development banks should also share the risk and support SMEs, as a collective effort is needed to grow these businesses”.

The minister of Budget and Economic Planning, Abubakar Atiku Bagudu in his address said the government has resolved to make the annual budget plan-based and noted that the banking sector is well placed to contribute to national growth.

In his goodwill message, the acting Governor of the Central Bank of Nigeria (CBN) Folashodun Adebisi Shonubi lamented that the banking industry is not contributing enough to the nation’s gross Domestic Product (GDP)

He stated: “When we look at economic contribution, we are fighting below our weight so can we promise them that instead of 3.6 percent we will be contributing a lot more than that and we will sit down and find what the drivers are that we can influence and we can do.”

yemmie:
@ poster .. Don't abandon your good life at 48 to Australia.
Shuttle between Australia and Lagos
Don't ever sell your house or investment to relocate at this age .. it is like committing suicide

Australia employers pays superannuation 11% per your base income. You can't access that money till you are 65 years, they want to pass a law to move to 70 years.

To live a comfortable life ( not luxury life) in Australia in Perth, you need $5000 monthly to pay mortgage and other bills. A gross salary of $180k Australia is $10,340 monthly.. only 10% of Australia professional working class earn that much.

$ A 200k - $ A 250k gross annual only 5% of professional work force earn that ..above $A250k only 1% of the work force earn that.

Tax bracket change to 45% above $A180k

Median house price for 4 bedroom house is A$650k now to purchase mortgage loan .. you deposit 20% to avoid LMI

So look at your future and think about retirement plans .. your kids have the time but not you

By 50 years of age - Nigerian with dual citizens in Australia / Canada /America should be planning of retirement ...go enjoy life with fresh palm wine, correct ponded yam in mortal -- with your childhood friends back at home in your palace ( a king in your domain) .. otherwise setting up yourself to work like clock forever

Many of the japaa gang are actually not considering the fact that productivity decreases with age. It's a natural process that can only be delayed but not totally avoided depending on ones state of health and access to quality healthcare. As the OP ages, he begins to discover he will get tired easily and his bones aren't as strong as they used to be. Physical demanding jobs may not be suitable.

Okada691:
Vehicle importations, electronics, London used phones and computers even pharmaceuticals are dominated by the Igbos.

The economy of Lagos is largely under Igbo control, From importation to the entertainment industry and businesses in Lagos. It is someone that does not have any idea of Lagos that you can decieve.

Yorubas in Portharcourt are at most 500k, i don’t act on them say, I have been there. They are the third migrant group there, after the Igbos and the Akwa cross groups.

Whether the Urhobos are per capita basis are more,
That is in comparison to their population, i did not dispute that, but Igbos cannot be less than 4 million in Lagos and over seven million in the entire south west. That’s largely a safe guess.

Whether nollywood exist in the east or not, Lagos is the market. It is from Lagos that is where they have marketed it to the world and it is now a global brand. The third largest after Hollywood and Bollywood. It has contributed greatly to the economy of Lagos. And It has drawn people from far and wide into Lagos.


Lagos is far more cosmopolitan than ph, kaduna and Abuja, they are not even in the same league. Lagos is many things to Nigerians which those places are not.

Yorubas are not headed to the east in the same measure, majority of them go there to work and return, majority of them can’t even afford such high cost of land in Igbo land. Those of them that can afford it would not want to try it, especially when they think of how many plot such amount can get them in their land

In Lagos where i am very familiar with, they have up to 35 at the very least of asset and properties in Lagos, we are talking those face me i face you in ikorodu and badagry areas, we are talking about worthy assets and properties in the high brow areas and their worth as compared to the numerous face me i face you everywhere else that are owned by yorubas

Nairas2dollars:



I hope is not 6k from bet9ja... staking two odds daily to double it? If it's .. please don't marry. That's a fragile source of income. I am 29 years old, medical doctor with 280k gross pay monthly in hospital, live in my own duplex on the Island, finish building my hospital in my state few days ago in Delta state but I still see myself as not financial capable to settle down, women are really debit alert! Though my previous heartbreak is a inevitably reason why I am still single. Life is really stages, I remember in my 100L as a medical student, in which I do go round the hostel begging for garri and put salt to drink it..It is well

izonborn098:
180k monthly is a good cash to start family'' but nigeria economy is not stable and the most important part is' this woman you are about settle down with does she has the understanding' patience and also know the importance of marriage..
If i were u and maybe if you are under 30' i would have use another 1 to 3years to save some money so that you can use the cash to setup another business and add that one to ur present salary' by so doing you will have confident in ur dealing...
Another important factor is ur location e.g house rent and other basic things you buy everyday for survival' do you think your income will withstand such plus another person... For now you are single and you have the chance to create more opportunities for urself...
Marriage is a life time journey so you need to be good in your calculations...
If people who drive taxi and keke can settle down'' you can also will.. Life no too hard when there is understanding..

RaptorX:
LOL total and absolute lies, you are delusional with this bold faced lie. People in the UK for 20 to 30 years don't even have 50 million talkless of 3 years.

uche87:
Let me start this piece with a common saying on social media. If you are in the habit of complaining people are stingy, it might be an indication that you are begging too much.
Well, much has been said about people in the United Kingdom being tight-fisted. To a large extent, I am of the opinion that this is true and could be attributed to some of the reasons explained below:

(1) Culture:
The United Kingdom just like most Western countries has embraced individualism. The system of every man for himself. In Africa, it is collectivism which simply means 'Let's do it as a family, let's grow together' You will hardly see the core Britons help each other financially. They will rather rely on credit facilities from banks, credit cards, and benefits to survive tough financial times. This is unlike Nigeria where 'billing' is almost cultural in the 21st century due to age-long systemic poverty.

(2) Littany of lies:
Some Nigerians are in the business of cooking up comprehensive and water-tight lies to extort money from their family members abroad. Personally, I have friends who have abandoned their WhatsApp accounts to avoid hearing countless touching stories from friends and acquaintances in Nigeria. To cope with the virus of lies, people in the UK have adopted a firewall to block all intrusions.

(3) Hustle is hard:
Life in the UK is historically difficult, and in recent times, things have gotten tougher for the 6th largest economy in the world due to the growing population, Brexit, COVID-19, and other issues. People work round the clock, under extreme weather conditions, to earn money and the cost of living is too high. As of 2020/2021, employees were chasing people for jobs. Two years later, the reserve is the case, even in the blue-collar jobs industry. So every penny counts. You don't want to make money only to play a Father Christmas to someone whose financial challenges might not be genuine.

(4) Taxes:
This topic doesn't require much explanation as this is a paramount issue in the UK. Any sort of comfort you enjoy in the country is taxed. It runs a service-based economy. I have seen people earn about £3,000 gross salary in a month and get a net pay of £2,300. Income tax, National Insurance, and pension deductions took about £750 which is more than the salary of a successful person in Nigeria. Rent, council tax, loan repayment, vehicle insurance, and others would further beat your take-home pay until it struggles to take you home in the end.

(5) Personality traits
Some people are naturally stingy. In fact, they even struggle to spend their own money on themselves. It appears they might be of the belief that the funds could be taken with them to the great beyond. I have a friend who has no record of helping anybody in the history of his life and he has no plan to turn a new leaf. People like these come to the UK and become hardened in the area of stinginess.

(6) People are broke:
If poverty in the world is being measured by raw cash and not access to food, the UK might be one of the poorest countries in Europe. Most people have to overwork, to the detriment of their health to make extra bucks. This is why some locals see the paper chase as a rat race and they prefer to stay unemployed and focus on benefits from the government. Furthermore, the housing crisis in the UK is real. As a family man, 70% of your monthly earnings easily go into accommodation costs. This makes life mentally stressful and frustrating.
Anyone looking from the outside is easily deceived by the glossy pictures, nice clothes, and lovely locations they see on social media. This set of people constitutes the 'God When Squad' - a popular faction in the Nigerian social media space.


Osahon George Osayimwen writes from Sheffield, United Kingdom.

Kindsoul55:
the pension deduction is a parameter of how much your gross salary will amount to, for it to be nearly doubled, indicates that your gross salary will also be nearly doubled. Ditto your net salary

dmercy141983:
Copied!


12/11 salary breakdown

gross Pay - 170,210.55
Total Deductions - 30673.06
Net Pay - 139,537.49

Note the deductions are:-
Tax - 16,038.67
Pension - 8,415.37
Union - 4,726.93
NHF - 1,492.09

If you have ever seen your pay slip before, you will be familiar with these deductions.

And this is applicable if you are placed on 12/11 oh!

dmercy141983:
Copied!


12/11 salary breakdown

gross Pay - 170,210.55
Total Deductions - 30673.06
Net Pay - 139,537.49

Note the deductions are:-
Tax - 16,038.67
Pension - 8,415.37
Union - 4,726.93
NHF - 1,492.09

If you have ever seen your pay slip before, you will be familiar with these deductions.

And this is applicable if you are placed on 12/11 oh!

uche87:
Let me start this piece with a common saying on social media. If you are in the habit of complaining people are stingy, it might be an indication that you are begging too much.
Well, much has been said about people in the United Kingdom being tight-fisted. To a large extent, I am of the opinion that this is true and could be attributed to some of the reasons explained below:

(1) Culture:
The United Kingdom just like most Western countries has embraced individualism. The system of every man for himself. In Africa, it is collectivism which simply means 'Let's do it as a family, let's grow together' You will hardly see the core Britons help each other financially. They will rather rely on credit facilities from banks, credit cards, and benefits to survive tough financial times. This is unlike Nigeria where 'billing' is almost cultural in the 21st century due to age-long systemic poverty.

(2) Littany of lies:
Some Nigerians are in the business of cooking up comprehensive and water-tight lies to extort money from their family members abroad. Personally, I have friends who have abandoned their WhatsApp accounts to avoid hearing countless touching stories from friends and acquaintances in Nigeria. To cope with the virus of lies, people in the UK have adopted a firewall to block all intrusions.

(3) Hustle is hard:
Life in the UK is historically difficult, and in recent times, things have gotten tougher for the 6th largest economy in the world due to the growing population, Brexit, COVID-19, and other issues. People work round the clock, under extreme weather conditions, to earn money and the cost of living is too high. As of 2020/2021, employees were chasing people for jobs. Two years later, the reserve is the case, even in the blue-collar jobs industry. So every penny counts. You don't want to make money only to play a Father Christmas to someone whose financial challenges might not be genuine.

(4) Taxes:
This topic doesn't require much explanation as this is a paramount issue in the UK. Any sort of comfort you enjoy in the country is taxed. It runs a service-based economy. I have seen people earn about £3,000 gross salary in a month and get a net pay of £2,300. Income tax, National Insurance, and pension deductions took about £750 which is more than the salary of a successful person in Nigeria. Rent, council tax, loan repayment, vehicle insurance, and others would further beat your take-home pay until it struggles to take you home in the end.

(5) Personality traits
Some people are naturally stingy. In fact, they even struggle to spend their own money on themselves. It appears they might be of the belief that the funds could be taken with them to the great beyond. I have a friend who has no record of helping anybody in the history of his life and he has no plan to turn a new leaf. People like these come to the UK and become hardened in the area of stinginess.

(6) People are broke:
If poverty in the world is being measured by raw cash and not access to food, the UK might be one of the poorest countries in Europe. Most people have to overwork, to the detriment of their health to make extra bucks. This is why some locals see the paper chase as a rat race and they prefer to stay unemployed and focus on benefits from the government. Furthermore, the housing crisis in the UK is real. As a family man, 70% of your monthly earnings easily go into accommodation costs. This makes life mentally stressful and frustrating.
Anyone looking from the outside is easily deceived by the glossy pictures, nice clothes, and lovely locations they see on social media. This set of people constitutes the 'God When Squad' - a popular faction in the Nigerian social media space.


Osahon George Osayimwen writes from Sheffield, United Kingdom.

uche87:
Let me start this piece with a common saying on social media. If you are in the habit of complaining people are stingy, it might be an indication that you are begging too much.
Well, much has been said about people in the United Kingdom being tight-fisted. To a large extent, I am of the opinion that this is true and could be attributed to some of the reasons explained below:

(1) Culture:
The United Kingdom just like most Western countries has embraced individualism. The system of every man for himself. In Africa, it is collectivism which simply means 'Let's do it as a family, let's grow together' You will hardly see the core Britons help each other financially. They will rather rely on credit facilities from banks, credit cards, and benefits to survive tough financial times. This is unlike Nigeria where 'billing' is almost cultural in the 21st century due to age-long systemic poverty.

(2) Littany of lies:
Some Nigerians are in the business of cooking up comprehensive and water-tight lies to extort money from their family members abroad. Personally, I have friends who have abandoned their WhatsApp accounts to avoid hearing countless touching stories from friends and acquaintances in Nigeria. To cope with the virus of lies, people in the UK have adopted a firewall to block all intrusions.

(3) Hustle is hard:
Life in the UK is historically difficult, and in recent times, things have gotten tougher for the 6th largest economy in the world due to the growing population, Brexit, COVID-19, and other issues. People work round the clock, under extreme weather conditions, to earn money and the cost of living is too high. As of 2020/2021, employees were chasing people for jobs. Two years later, the reserve is the case, even in the blue-collar jobs industry. So every penny counts. You don't want to make money only to play a Father Christmas to someone whose financial challenges might not be genuine.

(4) Taxes:
This topic doesn't require much explanation as this is a paramount issue in the UK. Any sort of comfort you enjoy in the country is taxed. It runs a service-based economy. I have seen people earn about £3,000 gross salary in a month and get a net pay of £2,300. Income tax, National Insurance, and pension deductions took about £750 which is more than the salary of a successful person in Nigeria. Rent, council tax, loan repayment, vehicle insurance, and others would further beat your take-home pay until it struggles to take you home in the end.

(5) Personality traits
Some people are naturally stingy. In fact, they even struggle to spend their own money on themselves. It appears they might be of the belief that the funds could be taken with them to the great beyond. I have a friend who has no record of helping anybody in the history of his life and he has no plan to turn a new leaf. People like these come to the UK and become hardened in the area of stinginess.

(6) People are broke:
If poverty in the world is being measured by raw cash and not access to food, the UK might be one of the poorest countries in Europe. Most people have to overwork, to the detriment of their health to make extra bucks. This is why some locals see the paper chase as a rat race and they prefer to stay unemployed and focus on benefits from the government. Furthermore, the housing crisis in the UK is real. As a family man, 70% of your monthly earnings easily go into accommodation costs. This makes life mentally stressful and frustrating.
Anyone looking from the outside is easily deceived by the glossy pictures, nice clothes, and lovely locations they see on social media. This set of people constitutes the 'God When Squad' - a popular faction in the Nigerian social media space.


Osahon George Osayimwen writes from Sheffield, United Kingdom.

donjazzet:


Well, for better context of this issue for me.
2017 was when I started earning for the first time in my life (salary wise) and my parents kinda gave me a very soft landing.

And I became a gambler who liked betting. And I was actually winning! And I think it was nihilist funny enough had always advised me to always use low odds. And I did, I was a fairly high staker, 10k, 15k 20k with low odds like 5-10.
And I will mostly post them here. I think my posts were what ignited the debates about gambling on the thread at that time.

Here are some of them then. You can see the amounts staked and then the balance in my bet accounts then.
https://www.nairaland.com/3585296/football-other-sports-betting-season/20#53027813





https://www.nairaland.com/3585296/football-other-sports-betting-season/1035#55573421


Now, when you see these , you take note that I was wildly inexperienced with money, in terms of how to spend it judiciously, so in my eyes gambling was very lucrative, partly because I was winning and partly because I wasn't really feeling the effects of losing that initial money because again, (parents soft landing) renting house for me then and giving me their other car).
But Dayo consistently did advice me whenever I post those "winnings", that I really should try and stop. Others would hyping me and praising the winnings, while he would advice caution! Caution! Whatever you think you are making now, you would lose it later. Take your winnings now and leave.

And it wasn't until 2 years later when I found myself knee-deep in debt and gross financial ineptitude because of gambling that I realised what he had been telling me consistently.

Now I went from this post here made in 2017



And this;


To this; 3 years later.




They say experience is the best teacher but dayo did actually help.