₦airaland Forum

Agbegbaorogboye:
He was looking at it in terms of remittances[b]. He is a bit right in the sense of dollar inflow into a dollarized economy.[/b] But in literal terms, I agree with your analysis 100%.
I will also add that we all know that the agriculture that keeps majority of Nigerians busy is predominant in the North. And I can hazard a guess that number of families in the North who have people outside to send them money can't be more than 10% of the northern population!! And that's a very extravagant guess.
Oh, and let me also say that a good amount of those remittances is actually monies kept in overseas account by our polithiefcians.

exactly, there is no contesting that. I agree that diaspora remittance is the major source of Forex, that and the other points you stated. Cheers

IbeOkehie:
Maybe he did or he didn't, my own contention is simple - the assertion that it's easier for a Nigerian to become a dollar millionaire in Nigeria than in the US/UK/Canada is still wrong. It's easy to pick this or that person or situation, I prefer to look at the data and where there's strong arguments on a particular facet of an issue, I go to broad measures.

There's no way at all that his assertion is true. The budget of the Federal Government of Nigeria has been running around $21 billion for the past 5 years, Nigerians abroad remit anywhere from $10 to 25 billion every year through official channels. [i]Nigerians abroad are the ones keeping Nigeria afloat, [/i]not crude oil. When you think about broad measures like this, you realize how POOR Nigerians are as a whole. I could go on and on with all kinds of data, so you have to understand why it's hard to convince me that it's easier to make money in Nigeria than the West.

How many foreign investors have pulled out of Nigeria in the past decade? Even Exxon Mobil, a major energy company, has pulled out of the Nigeria retail fuel market, yes they did and I bet you many Nigerians don't know this.

https://www.ogj.com/general-interest/article/17250725/exxonmobil-sells-nigerian-retail-business

Think about it, Exxon Mobil pulling out of a major crude oil & natural gas producing country like Nigeria. They like to make money but apparently, for some reason, they find it hard to do in Nigeria. People should look into WHY they divested. What other EVIDENCE do you want me to look at? The truth is in the data, go check out the foreign investment inflow data for Nigeria. It's a simple thing!

I PERSONALLY know MANY people who have invested HUNDREDS OF THOUSANDS of US dollars in all sorts of ventures in Nigeria since the early 1990's, from farming to fishery to IT to agro processing to real estate, the VAST MAJORITY lost almost all their money, including ME, yes, I did it too.

Where is this money in Nigeria biko nu? Please people let us rest.....Nigeria is a Communist country and communist countries don't prosper.

Nigerians abroad are NOT the ones keeping Nigeria afloat. If an unenlightened person said this, I could look past it. Will be happy to dive I have kuma dived in

Then again, I might as well just state the FACT I want to state. Diaspora remittance of 20billie is a measly 4% of the GDP at over 500billion. India diaspora remittance that I shared on this thread, or another about a month ago is about 5% of their GDP but you don't hear the Indians saying that is what is keeping the economy afloat, cos hey how can 4 or 5% keep something afloat?? The news you read that makes you guys throw around that figure all the time, you didn't read it in-depth. What that article showed/said is that diaspora remittance is a major source of FOREx to the country, and it stops there! Saying that is what is keeping the economy is not grounded on anything. Also, I have said this earlier too, that when the time comes and we read the report of the capital flight in dollars that the japa movement is fuelling, it will far exceed 20billion. So as the billions have come in to the families that need them, the billions have also gone out on top japa. Estimate how much it takes to run student visa parol in UK for a family of 3 in USD and tell me what that accrues to when you do for Nigerians that have thronged UK in the last one year. Let's not even talk Canada or US or Australia or everywhere else ppll are running too, just UK, then you will see that this 20billie noise is just noise.

TWoods:
Sounds like one of @Treadway's over "200 friends". Complete failure to plan... just jumped to japa without taking the time to establish right to work, types of jobs available, transportation, accommodation, local support, emergency funds, etc. Most likely the wife going to school was simply a means to immigrate and the family really cannot afford it. Such a shame.

200 and more trend followers...

Up Russia!

MufasaLion:
No, I'm not but the probability of you being an inhabitant of Banana Island is relatively zero and wether you live there or not, you are likely to die before 60 years in Nigeria!

It's the reality y'all should face but then, many of you are ignorant and gullible to believe that your pastor will pray for long life for you, thereby enriching those con men.

you are not well. The probability that you can die tomorrow whether in Nigeria, Canada or the USA is 50%. Again, you are not well, at all . End of!

Spiff20:
Well, you're not the maker of life to give lifespan

well said. Chances are you will outlive him even if he lives on Mars, as God is the giver and taker of life at the end of the day. Stupid empty beings. Imagine the bile, all because you said you will prefer the banana island as opposed to mortgage and taxes...the worthless idiot then doubles down to say you may not make it past 60. I heartily proclaim for him what he wished you, for simply stating your choice/preference. Most of these guys are nutters, I tell you.

TemmyTee82:
How did somebody wanting to rant about his experience become a war-zone nitori ọlọrun!

because some people are so vapid and empty to the point that anything at at all said by anyone at all that doesn't glorify their abroad countries, is perceived as an affront that must be attacked with everything and anything. Na ment at play. Enjoy the show

diadem10:
That's a young Michael Jackson picture. Don't you have eyes? Does Donald Duke look like that? Meanwhile, Donald Duke can't provide the said picture yet was claiming it was his 12 years old picture in Sokoto school. Does this make sense? Does a young pupil in school gadge up like a rock pop star with afro and sun glasses? That's a young Michael Jackson.

lol. I KNOW that isn't MJ. Doesn't look like MJ one bit. MJ had much much fuller hair, like thrice that. It shouldn't be hard for you to find any picture of MJ even from when he was 5. Scour the internet and show where you saw this to be a pic of MJ's. Should be easy, we are talking about Michael Jackson. I'll wait.

Here is Donald Duke again.

diadem10:
See this Attention seeker. That particular picture with a big Afro is actually a young Michael Jackson picture. Tinubu has never used it or claimed it but I have seen some Tinubu's fans used it though. It's actually you Donald duke who's the liar while claiming what's not yours.

wow..just wow. Oya screenshot and share the evidence you have that it is a Michael Jackson childhood picture na. Orisirisi. Donald Duke said clearly that it is his picture, you are doubling down to say it is Michael Jackson

E choke!!!

Rajiolaade:
silence best answer for ............!

and yet you were not silent, thus invalidating your incomplete phrase..lol

Rajiolaade:
thief ,rogue that never got convicted by any court of law or indicted ,hushpuppi and Evans can never become a political party candidate talkless a governor. And very soon a president, u better purge urself of bad belle to be able to progress in life.

lol. Would you even know progress if you see it?.lol. Has Atiku or Obi been indicted? Lol

ALTERNATEID:
Not in this life. He won’t get 20k.

leave matter. Dem don say make you swear with something that will affect you. How would deactivating one moniker of your many monikers affect you? Use tins like ill-luck or ill-health swear, if e sure for you

I will give the pastor the finger before I leave for the reception. I'm the husband not him. As far as my parents give their blessing, and/or the courts recognise the union as legal, the pastor can go to hell, literally. Which pastor bless the union of Joseph and Mary wey be Jesus papa sef. Or Isaac, or Jacob, or Abraham. Pastor ko, pisstor ni. Engagement is the actual wedding, na women wey too like feferity dey cause this kin insult.

DrAkpamudehe:
What's the difference between Afonja and yoruba? Ediiot.

You don't mind voting in a known drug lord and a criminal, just because he is Yoruba and according to your shameless types, it is e mi lo kan.

Like El-Rufai, rightly pointed out, yorubas aka afonjas are the problem of Nigeria

you are an irredeemable idiot and inconsequential in the scheme of things. I support Obi clearly day in and day out here and will continue to, but your worthless hopeless self cannot see that, because if you don't type Afonja a day you will go into rigor mortis. Look for a bridge and do a Jimmy jatt jump-off.

TheGuyFromHR:
Your company must have a leave policy.
Read it and find out what you are entitled to.
Most of the people who have responded to you are correct, apart from the person who said you are entitled to bereavement leave for your father in law's death. That is not correct. If I remember correctly, the statutory bereavement leave entitlement is only for the death of an employee's child.

You are indeed entitled to annual leave from the time you take up employment, even when on probation. So it is your company's leave year that will determine how many days you have left, and of course leave can only be taken in line with the company's needs, e.g. if you want to go in January and they say no, go in February for so and so reason (other people have leave that period, the company has something important doing then, etc.), you can't legally dispute that. If your employer allows unpaid leave, you can of course apply for that as well.

As others have pointed out, your message implies you aren't eager to travel for this funeral. Making decisions is of course your right as an individual, irrespective of tradition (so-called tradition is only silly and slavish devotion to long dead people's ways of doing things which may or may not still work for the living in current circumstances) and I am no fan of people who profess undying fealty to tradition, but in your shoes, if it is indeed the case that you'd rather not go, I would consider carefully and make a very strong case for doing so.

yea right, cool. When either of her parents too pass on, the husband better sit his ass down in the UK and not move an inch, or I will personally swear for him. But then again, quite a few people I know abroad (less than 5yrs away) wey lose their parents, didn't come o. They only sent money, na ebi do burial. So this may actually be the new normal, paying last respects over the phone. Oh well!

Rajiolaade:
BUT HE IS RICH,& BETTER THAN ALL YOUR TRIBE & RACE LINEAGE PUT TOGETHER.

lol. We know your lineage worships thieves and rogues like Tinubu, Hushpuppi and Evans, as long as they have money even if it's from crime. The lineage of ojuorolari's. Lol

Na Jyde81 mentor, a fake and a criminal whom his dumb stooges expects to come clean up things and usher in a new dawn. Lol

DrAkpamudehe:
Afonjas are truly hopeless

quit making such shitty and lazy tribal remarks. I am not Afonja anyway, I am Yoruba.

sukkot:
hehe my brother i dey hear you very well and i agree but that one still mean say none of these guys na messiah. they dont have any magic tricks because if they did they would have used it before. so these guys are not coming in to save anybody. they are simply coming in so that each tribesman can be happy that his tribe is president. see i would respect the guy if he said he wants obi to win because he wants to see an igboman as president. but to say if obi comes in nigeria would turn to dubai is a lie from the pits of hell. thats all am saying. none of these guys na messiah ooooo . obi will become president if it be the will of GOD and when he heaves in 2027 nigeria would still be a pile of shit or worse

no be Messiah at all o. But I really think he is the least of the three evils.

sukkot:
obi plunge ndi anambra to 70 percent poverty. he is not the answer or the messiah .

Sukkot my guy, ok, let's go with this info as I believe that is what you are referencing. On this same slide, Benin was 72.5 poverty rate when Adams Oshiomole was Governor, but people say Adams did well as gov! Not to mention most of the states excluding the south west had high numbers. Ekiti is the only one less than 60, and guess who was gov then, Fayose! Same Fayose that people called unprintable names till this day. They say plunged, no join dem talk am o, cos they didn't say what it was before this report, and they singled his out, despite the other overwhelming numbers of states with 70's or close.. Oya I dey hear

Reno is an indubitable idiot. Let's get that out of the way. Of course, anyone with working brain cells knows that the man is as dirty as they come. It doesn't require deep thinking at all. Someone claiming he was a millionaire in dollars as a young man, on a salary we have now discovered was paltry and not enough to make anyone a millionaire in dollars. He and his urchins doubled down to say he bought shares is why..lol. Someone who in truth only became stupendously wealthy just by being a fastidious leech parasitizing on governance in a very prosperous state that has been prospering before his father was born. He literally lays claim to a whole state. That is his enterprise leeching on public funds.

Phantom233:
Any fact check on the octogenarian drug lord and notorious Atiku who's best known for selling national assets?

you know what they say, peeps only throw stones at fruitful trees bro.

FreeStuffsNG:
No lamba for once shey.

abi o..just as we are tired of hearing 'other-wordly' incoherent statements from a certain aspirant who's a senile bumbling invalid, and certainly can neither spell Gingko biloba nor pronounce it..Oh shit! Maybe that was the word he was trying to say only to end up speaking kuvuki language

sonnie10:
Leave those media salary post. The reality on ground is that differential and oncall pay alone could be more than the actual salary.
Where is the lie going by what you just posted. If Family medicine which is the least paid doctor earn like you said, about $200k , with additional one year specialty in pediatrics or gerontology they could easily double that amount. That is what most do.

ok I don hear you.

sonnie10:
Any medical doctor that has license to practice in the US does not earn less than $250k.

still wrong, my guy. Ok. Just read this to the end. You'll see the average salaries for diff classes of doctors. Note that the average means some will earn lower and some will earn higher based on experience, qualifications etc. To say that no licensed doc earns less than 250k is wrong. Just read to the end, and you'll see what I'm trying to tell you.


https://www.learnhowtobecome.org/doctor/

New007:
this is a lie. I've written articles on this topic from research. It mostly depends on specialty, your experience, expertise, and state you reside in. They earn high, yes. But many

I already addressed your point in my previous post. You are right. His statement is too 'blankety'. There are a lot more involved than the way he just described it.

Fartist:
haba
Maybe true for consultants

sonnie10 did not offer perspective. Yes fartist you are right. Consultants as we call them here, are called attendings there, they have completed residency and gained experience in a specialty and passed the required certifying exams for that specialty, and they are surgeons not just primary care physicians.

Read this to gain some perspective. The exams to pass to become a primary care physician alone, na first hurdle that most of the Americans sef find it difficult to cross. Then comes residency and choosing a specialty where/when the big bucks come in. There is a reason most Nigerians healthcare professionals choose the UK, it is far far easier. That said if you are able to scale those hurdles in the US and complete the residency, the pay is hoooooge, especially when the student loans have finally been paid off. This is to let you be aware that no be say any docs as we know them go just enter US and start earning 200k plus. Nah! Not how it works.

https://www.quora.com/One-of-my-friends-told-me-that-he-earns-220K-as-a-doctor-in-the-US-This-is-his-base-salary-and-he-just-got-done-with-his-residency-This-means-that-all-the-doctors-in-the-US-should-be-ultra-rich-Is-this-true

So you know this to be true, but couldn't just let him have this shot and get to be called VP and prolly President too in a few years. Na you know jare Kwaks!

SeaTrade:
You're even missing the main point.
The so called remittances sent to Nigeria by diasporans mostly come in through the parallel market(aboki),since CBN rate and parallel rate is very Wide ,with parallel rate being more attractive,thus play no part in stabilising our currency against the dollar and as such useless!
The only way to solve this problem is to abolish BDC practices and hence direct such inflow to the CBN .
So technically, we as a country receive almost zero diaspora remittance and therefore diasporans are almost inconsequential to our economy.

bro, e be like say you no know this travel section . I know, but I didn't want to go that deep, cos surface level stuff sef, and you'll see some folks will start bouncing off walls. So my submission was based on me simply agreeing to the basic premise that diaspora remittance na 20billion, BUT also reminding them of outflows which are not considered most times when those figures are thrown around, outflows that certainly will dwarf the 20billie inflow. So yes, your conclusion is apt, BUT also of a truth, at least some daddies and mummies and families got some money from the abroad, without which they would have drowned in raging financial seas here in Nigeria.

tommy589:
Pardon me, i am not making reference to Nigerians like you.

Just stating the figures out there details yearly remittances is getting close to our annual budget which can not be accounted for

great..yea it is getting quite close, but still not really impactful as the outflow matches or even surpasses it. 20billion comes in as inflow, more billions go out as outflow. I'm sure when a report is done about the capital flight due to japa, it will dwarf the $20b inflow by far. Anyway, as you have said, the families that need the money to stay afloat from their relatives abroad, got the money. End of.