Why do most wealthy Nigerians prefer to live in Nigeria than to relocate abroad permanently?

Go and read what Robert Mugabe of blessed memories said about London, UK and Europe compared to Africa

Why would u want to go to where tax is crazily high for the rich when u can be in nigeria, pay less, and flex on the poor...

essentialone:
Why do most wealthy Nigerians prefer to live in Nigeria than to relocate abroad permanently?

They can't hide their wealth abroad but that can do that comfortably in Nigeria.

advanceDNA:
Why would u want to go to where tax is crazily high for the rich when u can be in nigeria, pay less, and flex on the poor...

That is why Nigeria is doing impressively well

justwise:


That is why Nigeria is doing impressively well

I get your sarcasm.....but corruption is the problem Nigerian isn't doing well....not because the rich is paying low or flat tax rate with the poor

The emiratees are oil producers like us....they don't even levy income tax on on its citizens weda rich or poor.......

In abroad you can't have live in house help, you can't have a gate man. You can't have a washer man, all these domestic staff are not easy come by. But in Nigeria you csn have as much as you want and still maltreat them.

Mind you some people can't do without house help.

Modified
To everyone that quote me with insults, travel now go UK or America as a level 15 civil servant in nigeria. Or a bank manager in Nigeria collecting 500k and see what life you will live over there. With a salary of 200k n Nigeria you can afford a live in house girl or boy I said live in not hourly domestic staff. You can even employ musa as a gate man and still owe them salary for 8months and your wicked witch wife will still maltreat and starve them oo
. Travel go UK go try am na if you no go sleep for cell after them done sue your black A*ss
mtcheeeew Everyone na big man online. Bunch of eeediots na una travel pass. Na over sabi no make una no fit carry family go UK again

madone:
In abroad you can't have line in house help, you can't have a gate man. You can't have a washer man, all these domestic staff are not easy come by. But in Nigeria you csn have as much as you want and still maltreat them.

Mind you some people can't do without house help.

Some people can't do without house help? So absurd!

madone:
In abroad you can't have line in house help, you can't have a gate man. You can't have a washer man, all these domestic staff are not easy come by. But in Nigeria you csn have as much as you want and still maltreat them.

Mind you some people can't do without house help.

You can if you can afford it.

advanceDNA:


I get your sarcasm.....but corruption is the problem Nigerian isn't doing well....not because the rich is paying low or flat tax rate with the poor

The emiratees are oil producers like us....they don't even levy income tax on on its citizens weda rich or poor.......

All part of corruption

Because is always better to be a king in your village than being a slave in a city.

No one will do "Yes sir" for them over there.

Imagine how Nigeria will be if all the wealthy emigrate.

finallybusy:
Imagine how Nigeria will be if all the wealthy emigrate.

Not asking how Nigeria will be. Asking why the wealthy prefer not to migrate. If you think it is because of their love for Nigeria. Nope.

essentialone:


Not asking how Nigeria will be. Asking why the wealthy prefer not to migrate. If you think it is because of their love for Nigeria. Nope.

Their presence in the country is obviously the source of their wealth.

Dangote, Otedola and many oil CEOs can’t handle their affairs from outside the country. Their Nigerian managers will run down their businesses. Glo would have long closed shop if Adenuga decided to run things from the USA. Ordinary supermarkets, the cashiers and attendants always steal, talk less of a company run by a CEO without a physical presence.

You can't be far away from your source of income

The answer is simple. They can't get the level of respect and worship they get in Nigeria when they reside abroad. Secondly, their source of wealth will be questioned.

Abroad is a leveler of men, nobody send anybody. No special interest or recognition, no police or army following you around carrying your bag and umbrella for you cos you are a big man,everybody has 24/7 light, everybody has water rushing in their homes, everybody enjoys good roads, everybody can afford to travel to other countries because of their passport if they can afford a flight ticket not because they have billions in the bank to show the embassy etc.

So at the end, the gap between the rich and poor is narrow so nobody is going to become a slave to another person because they are rich in abroad.

So if you are a Nigerian big man, you don't want to live in a place where you become an ordinary person, you will rather want to live in a place where your wealth can make you a "god" in the eyes of the people and you can use them and the system to your advantage. In Nigeria, if you are rich, the police, judiciary,pastors etc will do your bidding, in abroad, nobody cares.

But then, don't forget that despite that, most still have properties abroad and their children also have one leg abroad through citizenship or residency incase of incasity Don't let them fool you, they are WISE

Go to estates in ikoyi, Lekki, VGC. You will hardly see children or young people of the owners. Their kids are mostly abroad. Many of the rich in Nigeria spend time abroad but you won’t notice. Dangote, Otedola and the likes are always going from one country to another. Even the former first lady Mrs Buhari relocated to Dubia, Atiku stays in Dubia also .

Also to make money in Nigeria you need connections for contracts and concessions, many of them can’t get it abroad so they maintain a base here and send their families abroad.

Kenn55:
The answer is simple. They can't get the level of respect and worship they get in Nigeria when they reside abroad. Secondly, their source of wealth will be questioned.

Abroad is a leveler of men, nobody send anybody. No special interest or recognition, no police or army following you around carrying your bag and umbrella for you cos you are a big man,everybody has 24/7 light, everybody has water rushing in their homes, everybody enjoys good roads, everybody can afford to travel to other countries because of their passport if they can afford a flight ticket not because they have billions in the bank to show the embassy etc.

So at the end, the gap between the rich and poor is narrow so nobody is going to become a slave to another person because they are rich in abroad.

So if you are a Nigerian big man, you don't want to live in a place where you become an ordinary person, you will rather want to live in a place where your wealth can make you a "god" in the eyes of the people and you can use them and the system to your advantage. In Nigeria, if you are rich, the police, judiciary,pastors etc will do your bidding, in abroad, nobody cares.

But then, don't forget that despite that, most still have properties abroad and their children also have one leg abroad through citizenship or residency incase of incasity Don't let them fool you, they are WISE

https://www.youtube.com/watch?v=Ru4ymVKibyg?si=MQg4uiYtX6XBH1Ca see Otedola on a bus in UK some years ago. Some rich men cant stand it when no one sends them hahahaha

Mathematically, it is appropriate for the wealthy to reside in their dominant environment. The wealthiest Japanese reside in Japan, ditto Chinese in China or Singaporeans in Singapore. Expecting your wealthiest folks to reside outside their dominant environment is an aberration. The tale that they won't get the level of respect abroad as at home is even more reason they remain in their dominant environment. Wealthy Chinese who relocate from Mainland China tend to move to Singapore or Hong Kong, where the majority look like them.

The mathematical reason is also why most black billionaires come from Africa, not the US or Europe (no black billionaire in all of Europe anyway). Sub-Saharan Africa is the home of black people. So, statistically, it should produce more black billionaires.

Modified: Mo Ibrahim and Strive Masiyiwa are black billionaires with British nationality. However, both men generated their wealth from Sudan, South Africa and Zimbabwe.

Gerrard59:
Mathematically, it is appropriate for the wealthy to reside in their dominant environment. The wealthiest Japanese reside in Japan, ditto Chinese in China or Singaporeans in Singapore. Expecting your wealthiest folks to reside outside their dominant environment is an aberration. The tale that they won't get the level of respect abroad as at home is even more reason they remain in their dominant environment. Wealthy Chinese who relocate from Mainland China tend to move to Singapore or Hong Kong, where the majority look like them.

The mathematical reason is also why most black billionaires come from Africa, not the US or Europe (no black billionaire in all of Europe anyway). Sub-Saharan Africa is the home of black people. So, statistically, it should produce more black billionaires.

Are you sure about that?

Gerrard59:
Mathematically, it is appropriate for the wealthy to reside in their dominant environment. The wealthiest Japanese reside in Japan, ditto Chinese in China or Singaporeans in Singapore. Expecting your wealthiest folks to reside outside their dominant environment is an aberration.

Aberration??
Elon musk is south African...the white nigga lives and shíts in the United States .....

Where they are based all Depends on where their business is thriving the most...

justwise:


Are you sure about that?

The guy dey cap

Gerrard59:
Mathematically, it is appropriate for the wealthy to reside in their dominant environment. The wealthiest Japanese reside in Japan, ditto Chinese in China or Singaporeans in Singapore. Expecting your wealthiest folks to reside outside their dominant environment is an aberration. The tale that they won't get the level of respect abroad as at home is even more reason they remain in their dominant environment. Wealthy Chinese who relocate from Mainland China tend to move to Singapore or Hong Kong, where the majority look like them.

The mathematical reason is also why most black billionaires come from Africa, not the US or Europe (no black billionaire in all of Europe anyway). Sub-Saharan Africa is the home of black people. So, statistically, it should produce more black billionaires.

I understand your point but I don't think you understand what he @OP is asking. I don't think the OP meant the ultra wealthy like billionaires. I don't think anyone expects the likes of Dangote to migrate and officially reside abroad, it doesn't make sense.
I think the OP is asking about the rich in general not necessarily the level of Dangotes. Wealth get levels naa

It is not possible to easily evade justice abroad. Deputy Senate President Ike Ekeremadu is in prison. There source of wealth must be known and you pay taxes on everything

essentialone:
Why do most wealthy Nigerians prefer to live in Nigeria than to relocate abroad permanently?

If you rich, you will enjoy Nigeria more than anywhere in the world...

As a rich man.. you don't depend on gov.. so literally all basic amenities is within your reach. Nd you even get some workers/maid to treat you like a royal

As a rich Nigerian .. you can get away with many things... being rich abroad, you still hav to follow rules just like as a common man..

Flexing is relatively affordable in Nigeria.. you can do dorime in Nigeria club and your bills no go scare u... goan do dorime in like one Los Angeles club... den you will be paying a bill that can complete a duplex in mainland

Finally, if you don't pay tax as a rich man abroad.. you will go to jail...

Kenn55:
The answer is simple. They can't get the level of respect and worship they get in Nigeria when they reside abroad. Secondly, their source of wealth will be questioned.

Abroad is a leveler of men, nobody send anybody. No special interest or recognition, no police or army following you around carrying your bag and umbrella for you cos you are a big man,everybody has 24/7 light, everybody has water rushing in their homes, everybody enjoys good roads, everybody can afford to travel to other countries because of their passport if they can afford a flight ticket not because they have billions in the bank to show the embassy etc.

So at the end, the gap between the rich and poor is narrow so nobody is going to become a slave to another person because they are rich in abroad.

So if you are a Nigerian big man, you don't want to live in a place where you become an ordinary person, you will rather want to live in a place where your wealth can make you a "god" in the eyes of the people and you can use them and the system to your advantage. In Nigeria, if you are rich, the police, judiciary,pastors etc will do your bidding, in abroad, nobody cares.

But then, don't forget that despite that, most still have properties abroad and their children also have one leg abroad through citizenship or residency incase of incasity Don't let them fool you, they are WISE

Lol. Absurd reasoning and hate on rich folks. The kind of hate that stems on envy.

Poor people are the worst set of people to live or relate with. No wonder the rich in Nigeria live in gated, well guarded estates that is out of bounds to people who don't belong there.

In your mind now, every rich person in Nigeria has questionable wealth.

Lol at the "Abroad is a leveler of wealth". What sort of levelling is between people who live in shared flats in London Zone 5, running to catch the tube every day and those who live in private luxury estates in London Zone 1 with a rolls Royce, chaffeur, 24 hour nannies for their children, paying almost 50k in tuition per child at Elton College.

The audacity to compare rich people to our folks in the abroad who move around with bushy hairs because they can't afford to pay £15 pounds weekly for a haircut.

If u av money going abroad won't be important to u cos they won't deny u visa when u show them ur acct balance and u show u av valuable companies here in Nigeria u can even afford to go as per HNWI High networth individuals and besides there is a lot of money to be made in nigeria here with little stress. My landlord as a student has over 700 buildings in nigeria shopping malls and even bank buildings where they pay him rent wetin that kind person dey find abroad..so make him sell 700 houses..hotels..petrol stations...shopping mall becos him want relocate..he fit travel go ibiza or santorini spend 1 month return back he go be like say he go village..na ppl wey save 2months to 2 years salary sell family land sell household items sell car dey run go abroad sef cos them no fit even pay 3 months rent abroad if them no hustle immediately dem land

justwise:


Are you sure about that?

Quick question boss, what’s the easiest way a person on tier 2 dependent visa can detach from his or her host. A friend of mine’s came in on a visa and since they came in they’ve been having issues and he’s afraid that she might do something that may cause him to leave the country just to prove a point.

Are there options he could explore? He’s thinking of applying for a masters program, do you think it could help me. Thanks

Mille:




Lol. Absurd reasoning and hate on rich folks. The kind of hate that stems on envy.

Poor people are the worst set of people to live or relate with. No wonder the rich in Nigeria live in gated, well guarded estates that is out of bounds to people who don't belong there.

In your mind now, every rich person in Nigeria has questionable wealth.

Lol at the "Abroad is a leveler of wealth". What sort of levelling is between people who live in shared flats in London Zone 5, running to catch the tube every day and those who live in private luxury estates in London Zone 1 with a rolls Royce, chaffeur, 24 hour nannies for their children, paying almost 50k in tuition per child at Elton College.

The audacity to compare rich people to our folks in the abroad who move around with bushy hairs because they can't afford to pay £15 pounds weekly for a haircut.

Guy, first of all, you are not rich so relax. There is no where in my post that shows envy for the rich except you mean envy for lawlessness which is a privilege for Nigerians rich class.

You twist my statement to suit your stupid points. Where did I say "abroad is a leveler of wealth" as you highlighted? I said " abroad is a leveler of men" meaning the man who lives in luxury estate in London zone 1 cannot oppress the bushy hair man who lives in shared flat in zone 5 because of his wealth.

In case you don't still get my point. If Elon Musk injures an American in the US and Dangote injures a Nigerian in Nigeria as a result of reckless driving for example, who is likely going to face accountability between the 2 people based on how their society works?

ednut1:
Go to estates in ikoyi, Lekki, VGC. You will hardly see children or young people of the owners. Their kids are mostly abroad. Many of the rich in Nigeria spend time abroad but you won’t notice. Dangote, Otedola and the likes are always going from one country to another. Even the former first lady Mrs Buhari relocated to Dubia, Atiku stays in Dubia also .

Also to make money in Nigeria you need connections for contracts and concessions, many of them can’t get it abroad so they maintain a base here and send their families abroad.

This is one of the most important reasons they remain in Nigeria, or at least maintain a steady presence here.
Your business, no matter how many competent staff you have , will tend to die a natural death if you're not there physically most of the time

Wether you are rich or poor, you all access to most basic things, for Europe or America if you get money, na for your pocket..