maternal:
Hello all,

If you got 26 M naira tomorrow, do you stay or japa ? I have a friend who inherited 26 M with a wife and son. He has decided to stay. I can't see that money lasting more than 2 years with today's economy in naija.

Fellow nairalander, what would you do ? Stay and invest, or leave ?

onatisi:

Travel out with that 26m and start working abroad to raise 26m to save and come back to Naija again .
Isn't that madness

IbeOkehie:


I know 30 to 40 year olds that migrated to the USA and started as cooks, drivers and cashiers...got married, had kids and made it to the middle class in 10 to 20 years.

On a long-term basis, their FAMILIES have better living standards and more wealth than they would LIKELY have gotten in Nigeria.

Also there's the REALITY that some people don't have the intelligence or work ethic to develop high value skills. For such people the USA and other Anglo-Western countries is a much better place than Nigeria.

While there's no guarantee, the data produced by various trusted sources show there's a higher likelihood of falling into poverty in Nigeria. A lot of highly skilled Nigerians returned from abroad to live permanently in Nigeria in the 1970s. Many, likely a majority of them, fell into poverty. Maybe that's why nobody cares about their stories, they don't match the tales of Nigeria as a potential paradise for hard working people 🤔 Even in 2007 to 2014, diaspora Nigerians were still returning to live in Nigeria. I was one of them.

Nigeria is a feudal-socialist economy. Socialism produces poverty. Nigeria has been the OFFICIAL Poverty Capital of the World since 2018. Can't argue with that. Ask the Anti-Jakpa Crew!!!

Good Luck to Nigeria

idahme:


This is good only when the exchange rates are stable for the period of one year but if they aren't that's a big loss in the purchasing power. I thought about this last year by converting USD to naira and then buying treasury bills then on a second note I did the calculations assuming the dollar to naira rate increases what then happens to my investment that scenario made me to hold my break.

Between that time and this month Naira has lost over 70% of its value meaning my USD has gained over 70% in naira equivalence but I would have only gained 15 to 20 % in treasury bills investment while loosing (70-20)% in the value of my money if left in USD.

Treasury bills is only great when exchange rates is constant and inflation is single digits. For a volatile economy like Nigeria I won't try it at present.

njelrapheal:
put 20m on treasury bills at 15percnt and feed the family on the upfront interest for one year. use that 6m to start a business for one year. your head go don clear after one year weda you wan move or not. please if you dont have a definite plan on what you want to do abroad, don't make that move.. its capital intensive especially for a family of three.

tensazangetsu20:
I will stay. Life is very hard abroad. Forget what you hear. Nigeria is the best country on earth. Just have more faith in t pain.

njelrapheal:
put 20m on treasury bills at 15percnt and feed the family on the upfront interest for one year. use that 6m to start a business for one year. your head go don clear after one year weda you wan move or not. please if you dont have a definite plan on what you want to do abroad, don't make that move.. its capital intensive especially for a family of three.

maternal:
Hello all,

If you got 26 M naira tomorrow, do you stay or japa ? I have a friend who inherited 26 M with a wife and son. He has decided to stay. I can't see that money lasting more than 2 years with today's economy in naija.

Fellow nairalander, what would you do ? Stay and invest, or leave ?

maternal:
Hello all,

If you got 26 M naira tomorrow, do you stay or japa ? I have a friend who inherited 26 M with a wife and son. He has decided to stay. I can't see that money lasting more than 2 years with today's economy in naija.

Fellow nairalander, what would you do ? Stay and invest, or leave ?

DaddyGngeess:



Someone that understands, thanks i send my either brother son to abroad since January this year, till now that boy has not find his feet i still send him house rent every month( 200 dollars)from Nigeria here which i am regretting why i send him there, sometimes i still feed him from here because he hasn't gotten a job yet but i think is because of his laziness shall. ( i am sorry festi if you see this but i am not happy)

MT:


You guys are comedians.

I asked again - what is the percentage of people that have even 5000 USD in their account abroad as savings?

People that live paycheck to paycheck and their account is constantly in red.

I am not against anyone who wanna travel but stop making it sound like 16,000 USD is so easy to come by abroad.

If some people abroad could be offered the same job they were doing before they left Nigeria, they would snatch your hands off to accept it back. Reason why most people cant come back to Nigeria is because they have nothing again to fall back on in Nigeria.

phorget:
26million... I will only send my family to a more better climes, personal I will remain in Nigeria and build my idea with just 5million.

21million to get my family outside, 5million for myself.

Fiscus105:


Any adult Nigeria that migrated to any of these countries, Britain, France, Italy, Switzerland, Canada, USA, Ireland and still wants to come back to Nigeria, because he /she is better of in Nigeria and he is not coming for political office, just know he/she has serious problems, and if you give such perdy 26billion, he/she will still poor.

maternal:
Hello all,

If you got 26 M naira tomorrow, do you stay or japa ? I have a friend who inherited 26 M with a wife and son. He has decided to stay. I can't see that money lasting more than 2 years with today's economy in naija.

Fellow nairalander, what would you do ? Stay and invest, or leave ?

MT:
#

So, a doctor who left John Hopskins in the US to Nigeria to set up his clinic has serious problems? [ https://www.vanguardngr.com/2024/09/why-i-left-my-job-at-john-hopkins-usa-to-return-to-nigeria-after-25-years-medical-doctor/]

Everyone cannot be you.

If you do not have capacities for something or you have decided to live your entire life in western world does not mean others will toe your path.

Get it right

phorget:
26million... I will only send my family to a more better climes, personal I will remain in Nigeria and build my idea with just 5million.

21million to get my family outside, 5million for myself.

advanceDNA:


Must he go with wife and kids immediately .?...they can go and join him later....26million will be enough if he doesnt go to stvpid countries like UK ....

There are other Countries in Europe that don't use block account and u can run proof of funds with garbage in garbage out personal account.....tuition is not even up to 5000£ ....
University of Luxembourg has tuition as low as 300€ for life science courses..and 1800€ for management sciences

Do u know Belgium has option of using third-party that has a good account statement amd income to stand in for u as proof of funds .....and the person doesn't have to be family....

Guy make una nor dey discourage person oooo... Pple dey jappa with 15 milion....let alone 26Million

Fiscus105:




Is that what we are saying......you said someone struggling in abroad and wants to come back to work he left before.

ednut1:
No one that has made up his mind to japa can be discouraged tho.

MT:


So, a Senior Software Developer in Nigeria now working as a cleaner has not missed it?

You will tell me he will someday get the job , right? What percentage of them actually ace their interviews? Where will he gets the time for continuous improvement after being used as a slave as a porter for many hours ?.

Dont be generalistic when you type.

And in case you have forgotten, this is what you typed:

"Any adult Nigeria that migrated to any of these countries, Britain, France, Italy, Switzerland, Canada, USA, Ireland and still wants to come back to Nigeria, because he /she is better of in Nigeria and he is not coming for political office, just know he/she has serious problems, and if you give such perdy 26billion, he/she will still poor.
"