If not for the Japa crew by now I am sure most Nigerians won't be able to sleep with two eyes closed kidnapping,arm robbery would have been worse.

How many Nigerians are even gainfully employed with unemployment more than 40%,most families in the south south and southwest depends on their relatives in Europe.

Most skilled workers like bricklayers, carpenters,welders, plumbers get huge patronage from building projects funded from Nigerians in diaspora.

Even most businesses in Nigeria gets huge patronages as a result of inflows of monies from those in diaspora.

Where will a university graduate that is unemployed have over 20m to fund a building project.

Brexxit:
If not for the Japa crew by now I am sure most Nigerians won't be able to sleep with two eyes closed kidnapping,arm robbery would have been worse.

How many Nigerians are even gainfully employed with unemployment more than 40%,most families in the south south and southwest depends on their relatives in Europe.

Most skilled workers like bricklayers, carpenters,welders, plumbers get huge patronage from building projects funded from Nigerians in diaspora.

Even most businesses in Nigeria gets huge patronages as a result of inflows of monies from those in diaspora.

Where will a university graduate that is unemployed have over 20m to fund a building project.

lol. Do the math. Don't just make assumptions. Check GDP of naija, check diaspora remittance of 9ja. Do the the %, and see if your statement supports it. Na majorly diasporans dey build houses for Naija now abi. Very funny

Anyway, I just hope the next CBN gov has an actual brain. Can't wait to get back to the 'balling times'. 2010 to 2014 was awesome! Abi diasporan fe je egba back then ni. Lol. Dem no rish, but naira don penkelemesi bayi. Eyin japarians, e Tete japa finish o, Ka le Tete settle. One good tin, about this time, is you can buy houses, cars for cheap. That I love, about this time..lol

Ps you don't need 20m to fund building project o, no be by force to build mansion na. Right now, houses are being sold for pittance. Patience and 5-6m you'll get a 3-bed that may not be more than 5years it was built.

Sweetvie:
You're very right
Infact my savings in Nigeria is much more than abroad but I never for once want to stay in Nigeria... If you're looking for where to become a millionaire Nigeria is the right place but if you're looking for where to live a cool life without comparison then travel out.
I alws say I want to give my future kids the best life a child can ever want which I don't think I can achieve it in Nigeria. Infact sef i didn't travel out for any kid, i did it for myself... I want a better life for myself.

I don't know why some people are trying to discourage others from traveling

i'm on the other side of the coin. The kids na one of the major reasons why I won't even consider it at this time, till they are much older. Can't risk raising my kids in the west, way too crazy. After I have built them up soundly the African way, then they can go there if they want or if the situation calls for it. For now, we dey here..lol

Treadway:
lol. Do the math. Don't just make assumptions. Check GDP of naija, check diaspora remittance of 9ja. Do the the %, and see if your statement supports it. Na majorly diasporans dey build houses for Naija now abi. Very funny

Anyway, I just hope the next CBN gov has an actual brain. Can't wait to get back to the 'balling times'. 2010 to 2014 was awesome! Abi diasporan fe he egba back then ni. Lol. Dem no rish, but naira don penkelemesi bayi. Eyin japarians, e Tete japa finish o, Ka le Tete settle. One good tin, about this time, is you can buy houses, cars for cheap. That I love, about this time..lol

Ps you don't need 20m to fund building project o, no be by force to build mansion na. Right now, houses are being sold for pittance. Patience and 5-6m you'll get a 3-bed that may not be more than 5years it was built.

So what is your point exactly that Nigerians should not travel overseas again and continue to endure nepa power outages, ASUU strike, kidnappings, unemployment,bad roads, human rights abuses,Fulani herdsmen crises?

We all can't be 2 by 2 shop businessmen.

Brexxit:


So what is your point exactly that Nigerians should not travel overseas again and continue to endure nepa power outages, ASUU strike, kidnappings, unemployment,bad roads, human rights abuses,Fulani herdsmen crises?

We all can't be 2 by 2 shop businessmen.

read na. Ok maybe cos I wrote some things in Yoruba, let me clarify. I say make everybody wey wan cut out quick cut out, so that the Forex palaver will start resolving. I say hopefully e no go be idiot like Emefoole go take over. I com say I dey find like 15 million pere wey I wan use dey buy japa people things, so that I can hammer and build up my asset base, as a way to deal with the same inflation and Forex palaver wey we dey feel for Naija at the moment. Hope all is clear now. T for thanks!

Lol at 2*2. The world is online now, you don't even need a shop. Lol

naijaboy99:
I am not discouraging anyone. I just know it is impossible to save 30CAD daily because that is 11,000 CAD annually which over 60% of Canadians don't have. Thanks

this man sef. Hehehe. Why you no just wan gree say e dey possible na??

Lets compare like for like, what jobs will pay the $40k you reference in the US and what jobs are you referring to in Nigeria where you will be able to save the amount you mentioned?

The reason for my comment is you are looking at new immigrants who are hustling and trying to establish themselves to people in Nigeria who are already established and part of the system.

You also ignore the fact that those immigrants now get access to better government services many of which are non existent in Nigeria so there is little need to save as much as we do in Nigeria. Not saying you still don't need to save but there is less need as there are safety nets in place.

Also, earning power is significantly higher e.g. in the US when they are established and have better jobs, and their kids grow up in the system and skip the immigrant hustling stage and graduate with better paying jobs in the US. Example if their child gets a graduate job with e.g. Deloitte Consulting in the US they can start with $70k annual salary at age 23 or 24 which will grow quickly as they grow so don't limit your comparison to just new hustling immigrants trying to find their feet. Compare that to his mate graduating in Nigeria probably closer to age 30 due to strike upon strike upon strike, and how much will the graduate earn starting with Deloitte in Nigeria? Willy the pay growth be comparable to the graduate in the US?

Another important point, Nigerians in Canada, the US etc. will be able to save more if they are not sending money back to Nigeria to support family or investments etc. We can all agree that there are significantly more Nigerians abroad sending money to support family members in Nigeria than vice versa.

naijaboy99:
Saving $30 is close to saving $1,000 every month. Majority of migrants in Canada and I think America too cos they have similar system make between $2,500 to $3,000 monthly after tax that's if you have a annual paying job of $40,000 (which over 50% don't). So can you break down for us how you save $900 monthly from $2,500 or even $3,000?

Treadway:
lol. You are one very funny person. How is diaspora remittance boosting economy or keeping the country afloat? Na wa o. This your own economics na ghenghen. It ain't a major part of GDP so it ain't boosting any economy. If not for how the elite class has pauperised Nigeria, which slightly sensible nation will bank on diaspora remittance as fundamental to GDP, boosting economy etc. Nigerians are complaining about high Forex, but we are fuelling it big time. The demand is tooooo much because of Japa. Now this is backed by economics. I want this wave of Japa to subside ASAP, hopefully by end of 2023 make everybody wey wan cut out don cut out, so that naira can start recovering. Hopefully we won't have a more morose and inept CBN gov like Emefoole

Below is GDP of India 2021 - 3 trillion
Diasporans - 87billion
That is about 2.5% if I'm not mistaken. Do this same calc for Naija and see the percentage. Maybe if all 200millionof us leave sha, until then your theory no click. C for cheers

you are well educates. remittance is not even among the top 100 features in our gdp. but i still insist they can't save 30 cad. lol

Summer is 4 months. May - August

naijaboy99:
Please I know summer is like 3 months. So from your calculation you made almost $10,000 in three months before tax and was able to save 4,500 CAD? How did you do it if I may ask?

1

Just yesterday, I told myself I will not join these 3 classes of Nigerians below to say "there is nothing abroad" until I have traveled abroad and lived there for a while.

1) Wealthy Nigerians
2) Nigerians with USA and UK Passport.
3) Privileged Nigerians.

Why? Becos I am none of the 3 in any way.

It's only GOD I look unto.

naijaboy99:
Good afternoon folks! The purpose of writing this trend is not to discourage Nigerians from traveling but to reveal some interesting facts that might shock Nigerians in regards to staying back in Nigeria. The Nigerian dream is not dead like most of us would think or argue. Opportunities abound here like in every society. Financial success is what most folks dream of both in Nigeria and western societies.

I am using Canada and America as a case study because that is where most Nigerians love to migrate to. It will surprise most folks reading this trend that 85% of Nigerian immigrants living in those countries are unable to save $30 daily. What is more surprising is that $30 in the US. when converted to the naira is between ₦ 12,900 (official bank rate) or ₦20,850 (Black market rate) then for Canada ₦9,540 (Bank rate) or ₦14,2200 (Black market rate)

I have noticed majority of Nairalanders are either job seekers or those with jobs earning between ₦50,000 to ₦200,000 monthly. To them the amount I quoted is very high and enough reason to Japa (the current trend) but for those who have hand work or into businesses, it will come as a shock to many of them.. A bolt driver, if we have any one here can help us confirm, is capable to making ₦15,000 daily after all expenses when you drive with your own car. Most 10 passenger yellow buses drivers make over ₦20,000 daily. The average daily profit for an average booming business in Nigeria currently is over ₦35,000 daily. Please note the word average. I know we can all agree that people who sell plumbing materials, cement, electrical gadgets, furniture, rods, chemist stores, truck drivers, woods, pipes, flour, bag of rice etc can easily make over ₦20,000 in profit daily.

I will say again that the purpose of this post is not to discourage anyone or look down on people living abroad, but to open our eyes to the fact that Nigeria is not bad as we might think. The problem is that most Nigerians don't believe in this country. No matter how much they make they always feel there is somewhere else better till they get there and find out the real truth.

Nigerians in diaspora can join the conversation and let us know if it is possible to make the amount stated ($30daily). Then Nigerians down here who are engaged in the kind of work I listed can also come and tell us their experience. God bless Nigeria and her citizens!

I live in US and save $253 every week for the last 4 months and after contributing my own share of the bills. If I do overtime I make about $1k every week after tax. Im married imagine how much I would save if am single. My friend at work she's Ghanaian and her hubby takes care of the bills. This babe dey work like craze and have saved about $15k in 4months.

Coquinoqui:



I live in US and save $253 every week for the last 4 months and after contributing my own share of the bills. If I do overtime I make about $1k every week after tax. Im married imagine how much I would save if am single. My friend at work she's Ghanaian and her hubby takes care of the bills. This babe dey work like craze and have saved about $15k in 4months.

Thank you. You mean this America?

https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

naijaboy99:
Thank you. You mean this America?

https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

my guy, I dey tell you say for Nigerians it is possible. See that article, it is accurate, but won't be the reality of MOST Nigerians or other Africans who grew up with a diff culture, including financially. Tru tru most of the white are shit poor cos their countries actively shackle them with a credit culture. They simply don't know how to save! But most Nigerians and Africans come from a saving culture, not a credit culture. We save, and buy what we want and typically pay in full, and assume full ownership. They don't...and yes some Nigerians are getting sucked in as some have admitted here, one year and already jumping into debt, loans, mortgage and all that. That will be the new trend, just watch. 9ja people and follow-follow mentality na 5&6! Lol..Gbese ro won lorun. The verse in the Bible is my guide. The borrower is a slave to the lender! In Business, the key word here being business, using OPM (other people's money) makes sense at some point. It is called financial leverage in business. Having a levered business helps with some savings tax wise and in other ways too,. But for now I relish the fact that all I have is mine 100% including my business. Maybe when it grows to a very large level, I can add financial leverage. Oyinbo and some 9ja now, don't do that.. it is debt debt debt, not even for business, but for luxury. The mortgage could have a business angle (rental income) but it will take decades to make sense when you do the math, that is if your wife no use separation/divorce collect am from you before jungle mature sef..lol. So, again I say for Nigerians with their head screwed on properly, it is possible.

naijaboy99:
Thank you. You mean this America?

https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

oga rest na Abaa! Most people living in Canada and other develop countries said it is possible u are still hell bent on proving ur point, have u been to Canada or the US before? or are u the one saving the money for them . Nawa oo

Treadway:
i'm on the other side of the coin. The kids na one of the major reasons why I won't even consider it at this time, till they are much older. Can't risk raising my kids in the west, way too crazy. After I have built them up soundly the African way, then they can go there if they want or if the situation calls for it. For now, we dey here..lol

Lol... That's true. If i have kids am going to train them the African way, they can go back if they want that's their life but for now, I am going no where ...

franchasofficia:
Its scary kind of for some Nigerians watching their friends, relatives, neighbors, colleagues and even foes leave Nigeria in droves as if their is full blown civil war, so don't blame them

Smile... That's true sha

Promises40:
oga rest na Abaa! Most people living in Canada and other develop countries said it is possible u are still hell bent on proving ur point, have u been to Canada or the US before? or are u the one saving the money for them . Nawa oo

They can't save it. I am even been polite. They can't save $1,000 after decades. Why do you hate your country so much? Nigerians can save millions easily right here in Nigeria but you don't want to discuss that. You prefer talking bad about your country. Change your ways. Thanks and God bless

Treadway:
my guy, I dey tell you say for Nigerians it is possible. See that article, it is accurate, but won't be the reality of MOST Nigerians or other Africans who grew up with a diff culture, including financially. Tru tru most of the white are shit poor cos their countries actively shackle them with a credit culture. They simply don't know how to save! But most Nigerians and Africans come from a saving culture, not a credit culture. We save, and buy what we want and typically pay in full, and assume full ownership. They don't...and yes some Nigerians are getting sucked in as some have admitted here, one year and already jumping into debt, loans, mortgage and all that. That will be the new trend, just watch. 9ja people and follow-follow mentality na 5&6! Lol..Gbese ro won lorun. The verse in the Bible is my guide. The borrower is a slave to the lender! In Business, the key word here being business, using OPM (other people's money) makes sense at some point. It is called financial leverage in business. Having a levered business helps with some savings tax wise and in other ways too,. But for now I relish the fact that all I have is mine 100% including my business. Maybe when it grows to a very large level, I can add financial leverage. Oyinbo and some 9ja now, don't do that.. it is debt debt debt, not even for business, but for luxury. The mortgage could have a business angle (rental income) but it will take decades to make sense when you do the math, that is if your wife no use separation/divorce collect am from you before jungle mature sef..lol. So, again I say for Nigerians with their head screwed on properly, it is possible.

Then we can conclude that they are slaving away. If whites can't save it and Nigerians can, then that means they are not living the canadian or american dream. We too can slave ourselves down here and be able to save a lot. Like everyone should stay in a face me I slap you and work three jobs. Thanks

naijaboy99:
Thank you. You mean this America?

https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

Lolz im not an American, im a Nigerian who came here to hustle like every other immigrants, we work twice as more than average Americans. That stats does not apply to me, I speak for myself. You believe in stats but im here living the reality.

naijaboy99:
Then we can conclude that they are slaving away. If whites can't save it and Nigerians can, then that means they are not living the canadian or american dream. We too can slave ourselves down here and be able to save a lot. Like everyone should stay in a face me I slap you and work three jobs. Thanks

One thing you fail to grok is that what you call slaving over there is a luxury living over here and a lot of Nigerians would prefer to be slaves over there than a king here.

Why must you compare people doing menial jobs abroad with high income earners or businessmen here. Does that not tell you the difference in standard of living. Most of The white people paying and turning Yahoo boys to millionaire here are not rich there. What does that tell you..

To Nigerians good living conditions don't matter as long as they're making money. All they know in this country is money money money money. It's no wonder yahoo, kidnapping and ritualism is rampart. You would think we are the richest people in earth

Coquinoqui:



I live in US and save $253 every week for the last 4 months and after contributing my own share of the bills. If I do overtime I make about $1k every week after tax. Im married imagine how much I would save if am single. My friend at work she's Ghanaian and her hubby takes care of the bills. This babe dey work like craze and have saved about $15k in 4months.

Live life oh. There's more to life than working crazy. The amount you make is too small to be having such savings. You make 1k and save about 250 weekly. What's even the essence of struggling to save? Go to concerts, go on a cruise, engage in fun activities. Advise the Ghanaian babe not to work like craze. depending on what she does there can be health implications later in life. When I was crazy about money I easily made 4k weekly but now I'm on a different mission in life.

naijaboy99:
Then we can conclude that they are slaving away. If whites can't save it and Nigerians can, then that means they are not living the canadian or american dream. We too can slave ourselves down here and be able to save a lot. Like everyone should stay in a face me I slap you and work three jobs. Thanks

The mindset of many of those living in diaspora is work, work and work. make money forgetting that before they were born there was money and after they die there will be money. You're right that many are actually slaving away.
The funny thing is those at the lower income bracket struggle to save more and put the money in the bank. As far as I'm concerned there's no need struggling to save. First live life and enjoy yourself and what comes after that can be saved if necessary.

Gipre:
Just yesterday, I told myself I will not join these 3 classes of Nigerians below to say "there is nothing abroad" until I have traveled abroad and lived there for a while.

1) Wealthy Nigerians
2) Nigerians with USA and UK Passport.
3) Privileged Nigerians.

Why? Becos I am none of the 3 in any way.

It's only GOD I look unto.

We're in the same category. There's nothing anywhere.

ttmacoy:
Lets compare like for like, what jobs will pay the $40k you reference in the US and what jobs are you referring to in Nigeria where you will be able to save the amount you mentioned?

The reason for my comment is you are looking at new immigrants who are hustling and trying to establish themselves to people in Nigeria who are already established and part of the system.

You also ignore the fact that those immigrants now get access to better government services many of which are non existent in Nigeria so there is little need to save as much as we do in Nigeria. Not saying you still don't need to save but there is less need as there are safety nets in place.

Also, earning power is significantly higher e.g. in the US when they are established and have better jobs, and their kids grow up in the system and skip the immigrant hustling stage and graduate with better paying jobs in the US. Example if their child gets a graduate job with e.g. Deloitte Consulting in the US they can start with $70k annual salary at age 23 or 24 which will grow quickly as they grow so don't limit your comparison to just new hustling immigrants trying to find their feet. Compare that to his mate graduating in Nigeria probably closer to age 30 due to strike upon strike upon strike, and how much will the graduate earn starting with Deloitte in Nigeria? Willy the pay growth be comparable to the graduate in the US?

Another important point, Nigerians in Canada, the US etc. will be able to save more if they are not sending money back to Nigeria to support family or investments etc. We can all agree that there are significantly more Nigerians abroad sending money to support family members in Nigeria than vice versa.

You made some valid points. What's the essence of saving. I don't understand why many Nigerians in diaspora live in self denial. The system is designed to thrive in debt. Advanced economies are designed to work on credit. Consumer credit is an important element of the United States economy. The US has a Domestic Credit To Private Sector 217 % in 2020, one of the highest in the world. Money should be used for productivity.

There's no correlation between your savings and your financial status, those at the lower income bracket struggle to save more. People should live life first and plan reasonably instead of aggressive savings.

naijaboy99:
They can't save it. I am even been polite. They can't save $1,000 after decades. Why do you hate your country so much? Nigerians can save millions easily right here in Nigeria but you don't want to discuss that. You prefer talking bad about your country. Change your ways. Thanks and God bless

Lol � u are really funny which Nigerians can easily save millions, the ones earning below ₦30,000 minimum wage? I hate it when people come online to down play the sufferings of Nigerians, more than 70% of Nigerians earns below ₦100,000 per month, so tell how is it easy to save millions in Nigeria

naijaboy99:
Then we can conclude that they are slaving away. If whites can't save it and Nigerians can, then that means they are not living the canadian or american dream. We too can slave ourselves down here and be able to save a lot. Like everyone should stay in a face me I slap you and work three jobs. Thanks

Three jobs in Nigeria and there are still over 40% unemployment rate in Naija? Na who give u phone sef��

Studymore123:


Live life oh. There's more to life than working crazy. The amount you make is too small to be having such savings. You make 1k and save about 250 weekly. What's even the essence of struggling to save? Go to concerts, go on a cruise, engage in fun activities. Advise the Ghanaian babe not to work like craze. depending on what she does there can be health implications later in life. When I was crazy about money I easily made 4k weekly but now I'm on a different mission in life.

You read but lack understanding and definitely different responsibilities. Never compare your life with others.

Coquinoqui:


You read but lack understanding and definitely different responsibilities. Never compare your life with others.

Sir, don't take what I said too personal. You should be happy for what you're achieving. I don't compare my life with others, because everyone will decide what they want in life, I only gave my 20 kobo. One thing I know is that anything can happen anytime because this life nor balance. Send me your contact make you create connect.

Treadway:
lol. You are one very funny person. How is diaspora remittance boosting economy or keeping the country afloat? Na wa o. This your own economics na ghenghen. It ain't a major part of GDP so it ain't boosting any economy. If not for how the elite class has pauperised Nigeria, which slightly sensible nation will bank on diaspora remittance as fundamental to GDP, boosting economy etc. Nigerians are complaining about high Forex, but we are fuelling it big time. The demand is tooooo much because of Japa. Now this is backed by economics. I want this wave of Japa to subside ASAP, hopefully by end of 2023 make everybody wey wan cut out don cut out, so that naira can start recovering. Hopefully we won't have a more morose and inept CBN gov like Emefoole

Below is GDP of India 2021 - 3 trillion
Diasporans - 87billion
That is about 2.5% if I'm not mistaken. Do this same calc for Naija and see the percentage. Maybe if all 200millionof us leave sha, until then your theory no click. C for cheers

Moreover, diaspora remittance is not actually coming from many Nigerians in abroad ridden with loans/debts to service their house mortgage or cars not is it coming from many who are saving to pay tuition huge fees. This remittance is mostly coming from exporters.
They export snails, dey pepper, honey etc just name it and need to remit the money back to nigeria.
That money is been sent back by business men not employees that barely survive.

Studymore123:


Sir, don't take what I said too personal. You should be happy for what you're achieving. I don't compare my life with others, because everyone will decide what they want in life, I only gave my 20 kobo. One thing I know is that anything can happen anytime because this life nor balance. Send me your contact make you create connect.

People hardly think about enjoyment.
If they are not saving, they are mounding blocks etc.
common. There is more to life than working working working. I just hate it.
Go on vacations, concerts, beaches, cinemas, outings, picnics etc
And these things are not even that expensive to start with. Just that people are so programmed that it is only work, work, work they see.
If not working, they are bleeping or using the little money they used to buy a car chasing ladies up and down.

Studymore123:


Sir, don't take what I said too personal. You should be happy for what you're achieving. I don't compare my life with others, because everyone will decide what they want in life, I only gave my 20 kobo. One thing I know is that anything can happen anytime because this life nor balance. Send me your contact make you create connect.

Take care Bossman.