₦airaland Forum

Babyvet:
It not just African but black people in general . A lot of us do not know how to run or own a business. Looking at some of the posters on here, it’s not hard to tell why we do not hire some of our own .

tjsts why I intend changing the narratives myself in my own small way, running my own business and growing it from the scratch to top

I'm living up to my instincts as an Igbo man. (na joke o)
But then, if I can run a business and employ 10 Nigerians And another ioens one that hired 7 and another 8, you aee how we are slowly deleting the poverty chain

And we can hire exclusively ourselves, other ethnic groups do it, but black man will want to look good and hire randomly


Let us empower our people

titsqueez:
Africa's perception in the international media will not change no matter what we do as those guys never want to see us at parity with them.

We just need to keep doing the best we can for us and not for some oyibo mans approval.

you got that right

tradepunter:
All of you making comments did you guys care to observe a common character amongst these people? They all had patience and worked their way up..

How many of us in Nigeria can be this patient to achieve our financial goals? Rather nah quick money to flex and show babe nah we want

you have a point

Gerrard59:
In recent years, there has been a surge in Nigerians relocating to Canada. But of worrisome concern is that this set of Nigerians are in the middle class category (in well-paid jobs). People earning very well and doing exceptionally in their careers are packing their bags and leaving. A Facebook post I read; a top player in the Nigerian corporate environment was astounded and asked, what is happening in Canada? As a friend of his earning a million naira relocated to Canada, and this is the 4th person he knows doing same within 6 months! The comments' box showed everything; young (mid-20s & mid-30s) individuals are leaving their well-paid jobs in Nigeria, carrying with them their family to Canada (those who are married).

This cuts across sectors and industries. An example is the Big4 community where partners are no longer afraid of their top staff being poached by MNCs or fellow consultancies but them relocating to Canada/Australia/Germany/UK/US. I remember an individual whose posts I check occasionally, has relocated to Australia. While in Nigeria he worked with a Big4. Another is finishing his plans to relocate to Canada and works with a Big4. Yet another who worked with a Big4 (was a Manager during his time) has left (wetin do Big4 and Canada sef?). Correspondingly, there has been an increase of mid and senior level positions being advertised by the Big4 firms. Who else has noticed?

What about the top telco firm that lost not less than 15 high performing staff in what was described as the Canada tsunami in 2015? Ditto in other telco firms. What about the medical sector where someone mentioned that 7 consultants have relocated to the UK within the last 2 years? Professionals ranging from plastic surgeons to pathologist to urologists to radiologists to neurologists to orthopaedic surgeons. This commentator further went on to say that in a federal hospital (he did not mentioned the name), every senior registrar is writing a foreign examination to leave. But that of Canada is the biggest even though Nigerians are not among the top ten nationalities migrating to Canada (Nigeria is actually 11th behind Eritrea in a survey in 2016).


What could be the reasons that make top performing staff of notable firms to relocate? Where folks earning 12 - 24 million naira annually are leaving? What is in Canada?[/b]

Why are Middle Class Nigerians relocating to Canada?

cc: Lalasticlala & Mynd44

the country is sinking, that is why


But really, some things are much more than money.


Millennial / Modern trendy Nigerians are increasingly finding it difficult to thrive in the Nigerian work space that is so primitive and barbaric


Sycophant behaviour, nepotism, unethical practices and the list goes on and on and on.

And seeing that they COULD get a better deal abroad, they are giving it a shot


the country no dey try at all

Babyvet:
Thank you for mentioning this. Alot of people think that opening business here is easy. That why I asked in previous posts what common businesses are Nigerians known for having here? Asians are known for having nail salons , beauty supply stores and restaurants. Middle eastern known for having gas stations and liquor stores . Indians known for having 7 eleven.

the question is....

What is stopping the African migrants from opening their own businesses?

the answer is complex and not straightforwardly, but lazinesss, myopia and lack of vision has a huge role to play


imagine if we had a sizeable number of African run successful business chains......

We would have been hiring ourselves the way the Asians do, and be moving ahead

But as I said, Myopia, PhD syndrome amongst others is to blame

krendo:
This man has become the face of bad policing

Nigerian police is the most partisan and most primitive police in the world

If the American President tell a policeman to break the law they will politely remind the president the amendment they will break if the comply with the president’s request

Nigerian police officer are so poor in character and deficient in integrity that they the will do anything for their Oga at the top!

it's terrible

sycophant behaviour in our continent

Jonathan39:
My dear some of this things are signed embargo placed on the East. Even if a president wishes to do that he might end up not doing it,. Not to talk of a governor or private individual. Why is there no federal airport in the East? When Enugu state was built to be one.When we talk of biafra we know what we are saying!!!

which kind embargo?

nna hapu....

9gerian:
Very Apt.
Thank you.

I think you know some SW states have the problem too
But I must comment Lagos and Ogun states.....
It's a national problem that needs to b addressed
it's just more pronounced in some places than others

anonymous96:
This is a poor write up tbh.. known of these reasons is why lagos is "King" just what comes with being d king..
Lagos is d king mainly when it colonel masters came dy settled on here as d "capital".nd dy dd dat bkaz of logistics reasons close to sea for transportation of goods, so trade was easier, den d banks came nd opened in lagos too 4 dis reason,den no electronic transactions so dy brought pounds with ships.. Blah blah blah.. Which lead to lagos being what it is today.. No state in Nigeria can come close. Even if you make Barrack Obama their governor. D economy of lagos alone is bigger than that of most African countries. Only d federal govt can truly develop other states to d point lagos has reached. Move d financially industry from Lagos nd d up nd coming tech industry from lagos nd we stand a chance.. No developed country in d world u wud see 80% of d main industries situated or having their H/Q in one city.. Because of Politics nd what might b termed tribalism or favouritism d FG can't take industries from Lagos as it wud b deemed unfair.(nd if we are to go further everything actually dates back to d age of slavery)

the thing is that in many parts of Nigeria, you will still be seen as the "settler" and for some reason when you start making it, the locals will want to tax you


my cousin told me of what rivers youths do, they call it "devy " or something like that, I.e charging and extorting business owners


I tell you, if the entire country makes their states conducive for business, And there is the relative guarantee that the locals will not pull the rug off their feet, I tell you, businesses will move there in droves

especially delta state

it's a blessed state, but filled with myopic people

same with other states down south

Babyvet:
Me I disagree, if I am able too , I would like my child or children to spend time in Nigeria. I and others like myself who were sent back home, really apppreciate the experience now that we are adults.

yea yea

as I said, diffrebt strokes for different folks


And I have decided not to send them to Nigeria

To me, it's not a good place to raise kids

tete7000:
While you might seem to make some seemingly valid point, you have to realise there are reasons why that has not happened and might not happen anytime soon. It is about people in other areas having a different kind of attitude, attitude that allows business opportunities to thrive just like op mentioned. People often claim that it is political gang up that made Lagos develop to the detriment of other places but when you realise that no one can hold you captive without your consent, then we begin to realise there will be need for attitudinal change in others for the development being sought to come.
The multinationals did not just found themselves in Lagos for no reason, it is because the place provides the peaceful and business-conducive environment they desire. Even you won't dare to set up your business in a highly restive and violent area.

the thing is that Nigerians don't ask questions


Warri used to be the hub for international oil companies and all, things were going good there

Until the kidnappings and "na our oil people" held sway

The people fled, and warri is a shadow of itself

Short sightedness of the stupid people there killed that city.

A lot of cities down south there have similar mentality

You cannot commit yourself to building concrete structure there when you have it at the back if your mind that one day, the rug could be pulled off your feet.


After all, it was in the same region that "abandoned properties" back in the day was rife (if you get the drift)

Nigerians need reorientation and need to stop this "I'm an indigene" bullshit

Funnicator:
You are wise. They fall out of track in high school because of exposure to hard drugs and other vices.

I am definitely birthing all of my kids in the US or Canada for their citizenship (they will thank me later), then they will head back to Nigeria to be raised according to our culture and traditions. At 16th birthday after secondary school you will learn you are actually an American. After SS3 you can fly into amelika for university education and quality lifestyle.

well different strokes for different folks

As for me, I am not raising my kids FOR A SINGLE DAY in Nigeria

Nigeria has a special way of f**king up one's mentality


My parents tried their best to keep me away from it, but I still got few stains of it...


I can't have my kids seeing the world via a "Nigerian worldview"
God forbid bad thing

but as I said

different strokes for different folks

maishai:
pls share ur inroads into the s.a markets, i have been trying without success to enter s.a or kenyan stocks

I have not started trading yet

Still researching and working out the modalities and raising the money to break into that zone

I want to enter with fresh funds, and have no plans on liquidating my equity mutual funds, direct equity holdings or even my MMF holdings for that project

That's just the delay


Apart from that.....

check out that post by godlylifeonearth, it's a good guide

Godlylifeoneart:
Some SA brokers offer you access to US n EU market
However direct access to steroid powered US market is now available through etoro, choice
You can also penetrate worldwide ETF n ETN through
etfsa.co.za
Easyequities.co.za
You can buy your choice bundles, ETF, ETN, Mutual funds or collective investment funds,
Nasdaq, S&P 500,dow-jones etc
The choice is yours
Due diligence advice
Trading in another country involves lot of charges when you are not a resident there.
Starting from local bank charges
Tax clearance n prove of income
With dz u r ready to roll the coast of the investment world

thanks a whole lot bro


I appreciate

but that prior of income will b a little problematic for me tho

but then....

when you say charges will be too too much, like how much in %%% (estimated) are we talking about?

stolenstone:
Stories that touch the kidneys!! Open up or strenghten major seaports aand international airports in the southeast and south south, mandate the multinationals and oil companies to make their operating host communities in the Niger delta as their corporate national headquarters and lagos will turn to ghost town

story

Lagos CANNOT be turned to a ghost town...


Other parts of Nigeria developing will have nothing to do with Lagos


Other parts if Nigeria can develop, and Lagos will not feel the dent

so forget that talk

Edoziesmart:
Poverty ntoor.
I will make huge amount of money before I clock 40 whether legal or illegal. Coming from a very poor background is a disease. And my unborn children won't inherit what I inherited from my ancestor.
Jay-z I sight you. Ball very well.

hmmm

jiri nwaayo nwanne

gaby:
In fact..ehn..

It wasn't funny growing up in a face me I slap you, it was darn real as Bleep and helped triggered my resorting to venturing out of Nigeria by whatever means possible.

Talked bout it in my book on my siggy..

wow


I thank God i did not face all that


neither can I relate with any of the scenarios up there

And to think a lot of Nigerian urban dwellers go through this kind of rubbish life


btw, do you currently reside in Nigeria?

peacengine:
Oga OP, I can't advice you to relocate sir, because the hustle no be here. Let your kids go to universities abroad if you can afford it but primary & secondary school here is better to give them sense.

what do you mean by "give them sense"

yungchop:
how come people hate you so much like this?

a question I often ask myself too

Sultty:
No beef intended but tee-A sure has a point. This is one of the reasons I do not attend seminars where motivators are invited. They make me look as if I'm not doing well enough (ok I agree) but when u read their bio or they read it out to u u get to see that their source of wealth don't really tally with what they have attained in life

Exactly!

Nigerians are using their own hands to destroy their country

in the USA for example, once you appear as a rich guy, the IRS is investigating your tax returns to see if indeed your source of income and your income itself tallies with the tax you are paying

If there id a discrepancy, such person has a lot of explanations to do

the system does not encourage illegal wealth

But in Nigeria, we are promoting wealth without real source

Questionable wealth

Even when it's clear that the guy is shady, the youths will still hail him and call him smart, and lash out at those who ask the right questions


And our kids and young ones are observing


Nigeria in the next 20 years will be a full blown banana republic with the way things are going

Godlylifeoneart:
You cannot predict tmao when it comes to investing
The only sure guarantee in life is death
There is nothing to learn
Gain =loss n vice versa is the rule of the game
Today, US is toast of all investors
Yesterday Nigeria stocks was rated as d best in the world
The task is for investors on Nairaland to have at least 2 to 3 portfolios in at least 2 continents
Bi Eni seri Ola o ri be, ohun lo je ki babalawo da if a ororun
A quote from my archive

pinpoint what our currency was going to do next, there is no telling if the right opportunities would be available offshore at that exact point in time. Our current circumstances are a case in point: the rand has recovered since its weak point last year, but assets in major developed markets such as the US are generally looking expensive.
A better strategy is to figure out how much of your investment portfolio you want to place offshore and what you are trying to achieve and then formulate a plan to invest as regularly as possible in carefully selected assets. Arguably, it is more important spending your time identifying which global assets you want to invest in for the long term, than determining the exact perfect entry point – which as we know is impossible to do reliably.

That's what I'm thinking too...

Diversifying into New areas /continents /markets

I am already making inroads into S.A.

Do you have any other market that you suggest will be a good fit?

venai:
trying to teach me English language? Well, I am Igbo and not English. But i still know the differnce between terrorizing(my exact word) and terrorising(yours). As you can see, you are not even perfect. Whatever I typed over there conveyed my intended message to my intended audience. So get lost!

I'm not talking of the spelling

I'm talking of the context
How can one spraying money terrorise you in the first place?

You are not supposed to let that their display get to you one bit

That's my point


They know their act "terrorises" people and that's why they do it in the first place

When they know that no one give a Bleep then they will stop the show of shame

Dasall

tomdon:
Gone numb or skyrocketed??
You don't know what you're saying
Was it not reported that 19 were killed by herdsmen just on Wednesday in bassa, plateau after over ten people killed last week. That's only plateau oo

the nation is boiling

the media is not reporting it

cashlurd:
I do not know if Nigerians have observed this, but the truth of the matter still remains that the Fulani herdsmen crisis has drastically gone numb since the past few weeks. This I believe is majorly due to the involvement of the sponsors of this Fulani herdsmen in the primaries and politicking process of their parties in an effort to secure a political seat.


#GodHelpNigeria

they are still on rampage o

my father got a distress call like a week ago that does were grazing on his land in the village, and our cousins wanted to ward them off but they are scared.

And the states like zamfara, plateau and even parts of taraba are still experiencing clashes


the difference is that the media houses have shifted focus to the politics

our journalists are one of the biggest problems in our country


They are covering up a whole lot of things

SoNature:
Nigeria is home to the highest concentration of illiterates in the world. Sometimes, it's hard to differentiate between an illiterate and an educated person in Nigeria. Sincerely, I don't know if it's because of culture but it's true.

When Sanusi was CBN governor, he pushed e-banking into the mainstream. But the challenge he faced was convincing the illiterates and the educated illiterates as well.

Speaking of Kenya, I think Nigeria has the biggest FinTech industry on the continent, and the first country to evolve a unicorn. So, it's unfair to compare Nigeria with a country whose population isn't up to a quarter of Nigeria's population.

In conclusion, Nigeria is miles away from implementing e-


pay by 100% because our illiteracy level is alarming. And I don't want to see people destroying the naira at parties

hmmm.....

Kenya is miles ahead of Nigeria in that department.


you can even use mpesa to buy treasury bills and gov't bonds seamlessly

but in Shitgeria


and you are right, the repugnant cultural basis prevalent in Nigeria is what troubles this country a whole lot

going to school will not change that when you are beck deep in that cultural mess

That's why people like my family, (parents and the rest of us) and others fought and have divorced themselves frim it.


Developing the E platforms is key to reducing this excess cash in the System


monetary policies also fail in Nigeria because of this useless and archaic behaviour of cash cash cash

SoNature:
It is Nigerian currency

It costs Nigerian government a lot to destroy mutilated cash

Even before CBN accepts that damaged cash from banks, the commercial banks pay some form of tax, that's why some banks reject damaged cash

I know that laws don't work in Nigeria, but I'd love to see this one work

It's only in Nigeria that people sell mint (new wads of note). Indeed, a lot of crazy things happen here. But this policy, if fully implemented, will run those people out of business.

why would the cbn even tax the commercial bank for the damaged notes??

What kind of useless country is this bikonu?

It costs them so much to print money bla bla is no excuse
how about improving the e platforms and mobile money and other platforms like that to reduce drastically the dependence on cash?

I thank God at least when last i was in Nigeria, the POS culture and the *737 transfer culture is taking shape, but we need to do more

elsewhere, you might not even need to carry much cash sef
all the payments you make that day, from transport to food and every other thing can be done via transfers

but my shameless $hithole country of origin is still far far behind

Even Kenya has done wonders with their m-pesa so much so that even market women have embraced that innovation
but in Nigeria?

kokomilala:
I can see why this country is struggling to get on its feet.Reasonable mortals shoud be applauding this corrective step by the CBN.But alas,some are kicking against it;others liking their posts.
It's only idiots and immorally inbred people who abuse their nation's currency with such condescending amusement. Or,idiots who have fallen below the ordinary level.Whether they are educated or ill-educated,they become immorally misplaced once they do this.

what worries me even is the notice for spraying, not even the spraying itself


the motive is very wrong (show off/intimidation)

venai:
So chief Mgborogwu Ogwu1 of Ngaga will not be spraying money at parties any more , I don't know why I am
very happy with this new law. May be it's because nobody will be terrorizing me at parties again.
I hope my Anambra blothers will not start spraying Dollars at parties now.
Abeg make them ban the spraying of Dollars too.

"terrorising" you


How can a guy spraying money terrorise you?

1899Milan:
LOL. . .how does putting it in an envelope and giving the celebrant help them "buga"...lawless society, mobile court will probably collect 20% of the fine (or less) and let go.

exactly

Mankosi:
Mehn fear no dey this boy body oo. See as dey grab this woman nyash like say dem be mate. This guy get liver no be small.

you no know say the day you get married to someone, una don turn agemates that dat

Oyindidi:
When them enter marriage their mouths go shut. The tough ones here na lover boys wey ladies don use wipe down. Some of them dey here

it depends tho

my grandfather was, and still is a damn misogynist

his wives were scared to death of him

He says men of thrse days are WEAK.

It depends on the man and his philosophy to life

Chibuking81:
Many thought that bonanza period will not come, but gradually we are heading to bonanza period. Then ASI will be between 26,000/27,000 level, or lower than that.

People are jumping up with little reaction of company that release good result, some mistake it for bull return, don't expect any major bull return this year.

Election bear goes beyond good result or rising in crude oil price. For instance Zenith, UBA, and host of others had good result, but withdrawn of money by foreign portfolios investors real pushes ASI down, and as elections approaches expect more pull out, and more drop.

Then get ready for bonanza period.

many see you as a pessimist, but for some wierd reason, I believe you

A bonanza period must come this year end, that's a sure thing

the only thing is that for now, if you are sharp, you can be making some margins here and there to be building up capital