₦airaland Forum

Olowunl01:
This is the crux of the matter, and the focus on Lagos, Abuja. It is very doable outside your Highbrow Lagos & Abuja environment. Apart from first class kings and a handful of Kings, Majority of these Naija King's aint rolling in billions.

Putting N2B on TBills means you collecting over $200k to spend yearly which should cover 1st/Biz class foreign travels and expenses. You can live like a king

BlueRayDick:
Lmao. He say I dey shift goal post, I only repeated what u said and tried to paint a vivid picture of some of the things u referred to as "king's lifestyle in ur previous post. I wanted him to be sure he knows the value of those things in monetary terms and not just assuming "e no no supposed pass xxxxx million naira"

As for u, I have no time to waste trying to show u how impossible ur fantasy is.

One thing u should know if u dey see money like u claim is that most of the people u see "Living like kings" are actually worth more than the $2m u are referring to.

U may know this and refuse to accept in order to save face, but it is what it is.

BlueRayDick:
He simply said "With $2m in Nigeria you can live the sort of life people worth $200m in the US are living.". To me this means the person is worth $2m in assets, cash at hand and in goodwill.

So u are saying a person worth $2m will live in a mansion(The value of which is inclusive in the $2m), he will own at least one luxury vehicle , have at least two security pickup trucks, have at least 8 security officers in his security details, will be able to fly anywhere anytime , buy VIP treatment for himself anywhere he finds himself ,etc all inside his networth of $2m?

Pray tell, which commercial city in Nigeria will he be able to achieve all of these?

Godx:
Some posters on nairaland are really detached from reality and are so obsessed with Lagos this and Lagos that. Folks are actually here arguing that 3.5billion wont make one live like Elon musk in a country where the minimum wage is 75k. Some of you need to actually visit other parts of the country.

donjazzet:
You guys are not getting his point. Maybe it's because he's using the dollar figure.
$2m is approximately 3.5 billion naira. That is indeed enough to guarantee you the life of a king in Nigeria. You can build a correct mansion with like 400 million naira in the lesser high brow and enough to maintain your wealth while being able to afford premium healthcare in Nigeria.

Yeah his comparison with that of $200m is far fetched. But the main point stands that the lifestyle of 3.5 billion naira is better in our own dysfunctional society to it's equivalent in the USA where you're still very much in check by the society.

Melvyn11:
Just few months back the argument was 95% of Nigerians won't see up to 160million in their lifetime now we are seeing 2million dollars won't make you live a lavish lifestyles in this same country.

raumdeuter:
You think if you have $200m cash in America you are a small boy by any definition? where the average annual salary is $50k
With $200m cash you can do most things the elites can do

raumdeuter:
You are the one changing the premise now. The chart you showed initially was talking about networth not spending money

If you already have all the major asset and just $2m is for blowing surely you have no problem. The purpose of money is to buy comfort in the first place now you are saying if you have all the comfort

Let me also ask you suppose I am in US and I already have a property like Mar a lago, more in Manhattan and LA, then a private jet, yatch, boats, private jets, vacations and luxury now boom with 200m extra

An elite does not have to live in Ikoyi Lekki etc out of personal preference but his networth will show he can afford to live there comfortably, IBB, Dantata etc dont live in Ikoyi or Lekki but have enough money to buy entire streets in those highbrow areas

You argument is that $2m puts you among the elites in Nigeria and I say it doesnt because the assets that make you an elite cant be bought with $2m

raumdeuter:
This person you are talking about probably has enough money to buy multiple properties in prime areas of Lagos, he probably owns properties in those prime areas but choose to live in his home state. Are you saying this person that can dash out 100m, 200m to people is only operating on $2m

This your $2m elite, how much is the worth of his house he lives, How much do u think they spent on their numerous vehicles? How much do you think he spends on his gadgets, vacations and travels, his staff and running his house

I await answers to these questions first for us to proceed with how far the $2m will go

TemporaryHansel:
Btw, Raumdeuter, are you seriously saying living in Lagos is what makes someone "elite"? So if I’ve got $10m but decide to stay in PH or Enugu, I’m suddenly not elite? Does Arthur Eze live in Ikoyi? Let’ not be ridiculous.

raumdeuter:
What part of Lagos will this $2m big boy be living since he cannot live in Ikoyi, Banana Island, Asokoro and Lekki phase 1?
Are you actually called a Nigerian elite if you cant afford to live in these areas

You will be able to oppress people more surely but when the elites of Lagos dey do roll call, you will have to hide your face sha

BlueRayDick:
Don't be deceived $200m in the US gives u everything u want to get in terms of comfort, power, Prestige and class. It offers much more than $2m will ever do for u in Nigeria...

The only mistake u are making is thinking sycophants waiting on you because u have $2m is. Flex in Nigeria ; no it's not. You have an illusion about the show off culture of we Africans, so it makes u think the person with $2m is actually getting to live his best life in Nigeria. He's certainly not.

Do u even know much they sell lands/properties in places like Ikoyi and banana Island?

Attached is a property for sale in Banana Island ; remove Ur almighty $2m inside the price and tell me how much remain to live that royalty lifestyle u are craving

BlueRayDick:
None of what you've written here has proven that having $2m in Nigeria means u will be able to live the life people with $200m in the US are living.

Firstly I think u have a numbers problem and u don't seem to know the actual worth of the $198m difference in real life (whether in the US or Nigeria)


A whole lot of top elite retired and current footballers are not even worth up to $200m and they live far far better than anybody who has $2m in Nigeria. Before u do half of what you mentioned up there sef in this naija, that Ur $2m go Don vanish.

Do u know how much they sell private jet? Do you know much u will be paying for parking Ur private jet at the hanger in the airport? All those VIp treatment u are dreaming of sef, before u know it Ur $2m go Don vanish and the person with $200m go still dey ball even with the heavy taxes.

BlueRayDick:
How?

airmark:
You no see Dollar sign for the 2k? Why will I wait for a year because of his #2k?

Theflint1:
He's a full-blown cornvict, playing neutral just happens to be his self-appointed role in the cult. We have quite a few of them like that.

Roland17:
@A40,
Your boy paid like we predicted. Hopefully, this experience has sharpened (pun intended) his brain.

https://www.yahoo.com/entertainment/articles/shannon-sharpe-settles-rape-lawsuit-174750593.html

BlueRayDick:


Chop am, no be poison!

airmark:
You didn't raise any point that's worthy of a response that I ignored.

airmark:
You saw when I posted that I wasn't impressed with the Insecurity but the other positives must never be pointed out, to be in your good books, right?

airmark:
Always barking up the wrong tree.

Was it Tinubu that made the LGAs not to open CBN accounts? Are you aware that some Governors colluded with these Chairmen not to do the needful and made the FG to continue paying to the state coffers?

I hope you know some LGAs are getting theirs directly as we speak. I know your Atiku wouldn't have allowed them the autonomy.

airmark:
Local government is the closest government to the people and it's important that they are well-funded.

Any President that does what Tinubu did for the LGAs, means well for the populace. The issue now is for those at that level to perform. That's one of the reasons I haven't given up on Tinubu.

Elsewhere, a Governor stylishly scrapped the LGAs by not conducting elections for 7+ years. You won't see me clapping for such leader, let alone supporting him for the highest position in the country.

Emaprince:
He didnt pull anything actually.

He deactivated out of anger...and the super mod at that time, mukina, who was close friends with lots of the cornvicts on this thread, reinstated his moniker.

The cornvicts who have been members since the early days of Nairaland are the ones that made mukina do it.

LordAdam16:
It is not a bubble.
Prices will keep rising beyond 2030.

-Lord

Theflint1:
I agree that based on intrinsic value, properties in Lagos are overpriced, but it's not always about intrinsic value, Lagos is a small city with a very high population, and that can create a situation where demand outstrips supply, and it's only normal the market reacts accordingly.

Maybe the Lagos real estate market is a bubble, and if that's the case we only need wait.