skimanski:
ABEG WHEN EVERY BODY DON RETIRE FINISH. I DEY WAIT UNA FOR NIGERIA. MAKE UNA BRING UNA PENSION MONEY

EgunMogaji:


Nice idea.

It will be near impossible for me to fence 10 acres

why not hire local hands to farm on it every year?

On retirement, this all I have to say:

"Surviving abroad is hard, retiring in Nigeria is hard. Choose your hard!"

In Nigeria, you're your own republic. You generate your light, construct your road, provide your security, live and fight with people who have given up on hope of a good life (the this-is-how-we-do-it people) for the rest of your life. Yet you pay tax for the things you can only hope for.

Isn't retirement meant to be a better life after meritorious years of service? In NG, it can only get worse when the planning is wrong.

please, on this issue of retirement, I'm a very restless person by nature and can't hope to retire without some form of work, so i have been thinking of buying 100x100 plots of land at both Niger state and onitsha in still developing areas so that i can build small recreation and fitness centres with thread mills,weights, a small restaurant, bar and maybe a small lap swimming pool, I'm still in my early thirties but I'm planning to retire early , I'm ready to make sacrifices like having a small family and living a simple lifestyle so that i won't have to work round the clock for an abusive employer, i currently teach and would qualify for a small gratuity in six years time, i have a pension contribution scheme which I'm not serious with because i don't trust any of those pension companies, i run a small construction company on the side with my ex class mate and God has been good to us, i intend to try out my hands on the foodstuff storage business next year because inflation have eaten deep into my savings since buhari came to power and food stuffs always seem to appreciate with the inflation rate in this country, i really need advise since i have many ideas butno definite plans on which to pursue and when..

@Brabus.....you are one the people that frustrate people that want to retire back to Nigeria.

skimanski:
ABEG WHEN EVERY BODY DON RETIRE FINISH. I DEY WAIT UNA FOR NIGERIA. MAKE UNA BRING UNA PENSION MONEY

lol

mufutau55:


Unfortunately no Master Suites downstairs. Yes, very wide hallways both downstairs and upstairs...
Talking about bad planning sometimes... but I will survive.

Hajji M.

.

Hajj,

No need to regret. Just finish the house, sell it for 100M naira, get another land somewhere and build a bungalow like Egunmogaji.

Simple!!!!

mufutau55:


OK. You are already at 4.7m (1.7m + 3.0m) without other amenities or land, fence included. So how could N5m be enough?
I agreed with Diordaves we don't have to build a huge mansion for retirement homee, but if you can afford it better.
Nobody lives overseas and coming home to live without comfort... Then where is the fruit of your labor?

Hajji M.

100% on point @ bolded

Why do I worked two full time jobs all this years and cringe into 3 bedroom bungalow?

Although I still have 2 decades left before the official retirement age. I don't want to live in abroad anymore working under anybody, moreover, I think its about time to invest in Lagos economy ( I didn't say naija o...)

Interesting discussion.

Can 5m complete a 3 bed bungalow on flat land. If you have been building for a while and you intend to project manage yourself absolutely.

However whether its 3 or 4 bed whether its 5m or 7m it's the general idea that matters.

Qc1:



100% on point @ bolded

Why do I worked two full time jobs all this years and cringe into 3 bedroom bungalow?

Although I still have 2 decades left before the official retirement age. I don't want to live in abroad anymore working under anybody, moreover, I think its about time to invest in Lagos economy ( I didn't say naija o...)

With the ongoing "Retirement Discussion" it may be worthwhile to consider diversifying the investment porfolio.

There's more to property investment than raising walls and taking rents. Everyone is doing that now and with the bad hit of the present economy in Nigeria, there's more likelihood of crunch.

___________
There's a guy (around me) who's got about 8 - 10 units of 6 x 3 bed flats and the occupied flats as of today is less than 30%. Most of the buildings are over 3 years now.
If he's building with borrowed fund (which most people do), how is he going to pay back or maintain the building.

It's not different in the build-to-sell market. Just drive around Lekki (the biggest real estate market in Nigeria) and see the number of unoccupied buildings we have around. How about the mega estates...

In times like this, it's just better to think and reflect.

Happy New Week!

Let's think and reflect on how we were busy drawing a grasshopper when the Japanese were busy building satellites.

Who grasshopper epp?

n3xt:


N5m retirement home is possible in Naija and you'll live comfortably in it.

It's all about choices. We mostly pay attention to things that do not really add value.

Get the best location. And build the most simplest house.

_________
400k lands are still so plenty in Epe (the next BIG thing), Agbowa/Imota (proposed New Mile 12 market), and so many more areas.

In the same Epe some land go for 200k a plot, A Friend just bought 6plots, fenced it and turn it into farm. Waiting for the future! Am also planning for the same

So you are not hiding after all ?
Is it because of 10k that you are embarrassing yourself ?

n3xt:


Hmm! I agree that Nigerians are impulse buyers. We build and buy what we really don't need. To impress? To match out living standard? To tell a story (how I wish) like we are all doing now.

I never thought of having a master suite on the first floor but a studio with all its appurtenances is what I factored in and my guest bed is equally on the first floor with direct access to a family living and a kitchenette. God knows I can count the number of time I've visited my first floor. It's never up to 100 days since (during construction and after it was built) the house was constructed.

Why? I knew I'll be of age one day and I don't to employ the service of a servant just because of lack of inadequate planning; and more importantly I do not plan to build my nest here and there. A simple house that has it all (comfort, space, nature and security) will do for me.

Every diaspora persons worst nightmare....


just the type you do not want to associate with.
I was hoping he would talk like spyder and say bring your retirement money we are waiting.

babalose:
@Brabus.....you are one the people that frustrate people that want to retire back to Nigeria.

abouzaid:
please, on this issue of retirement, I'm a very restless person by nature and can't hope to retire without some form of work, so i have been thinking of buying 100x100 plots of land at both Niger state and onitsha in still developing areas so that i can build small recreation and fitness centres with thread mills,weights, a small restaurant, bar and maybe a small lap swimming pool, I'm still in my early thirties but I'm planning to retire early , I'm ready to make sacrifices like having a small family and living a simple lifestyle so that i won't have to work round the clock for an abusive employer, i currently teach and would qualify for a small gratuity in six years time, i have a pension contribution scheme which I'm not serious with because i don't trust any of those pension companies, i run a small construction company on the side with my ex class mate and God has been good to us, i intend to try out my hands on the foodstuff storage business next year because inflation have eaten deep into my savings since buhari came to power and food stuffs always seem to appreciate with the inflation rate in this country, i really need advise since i have many ideas butno definite plans on which to pursue and when..

Oga abouzaid, you look familiar o. Where do you reside in Niger state.

Are you are lecturer at federal University of technology Minna?
Suleja is a place to invest because of the shear population and growing middle class.

spyder880:


Protecting your land is not easy, but if you have a regular income, you could be doing something to "show your presence" on the land as the years roll by.

I started buying lands very early in life, and .as soon as I buy, I take possession of the land, it takes me a few hours to send two trips of sand on a new plot and by tomorrow I will be fencing the land. Even if it's foundation and two courses of blocks showing on the ground and then I keep touching it upwards every now and then.

Get good documentation on the land as soon as possible so that you can win any claims even in court.

The plots I bought for N350k back then cannot even be sold for 20m now.

EgunMogaji listen to Spyder880 on how to secure your land. This is the simple trick really. Documentation and presence. Buy the land and do your survey immediately, get whatever building plan and REGISTER your plan together with the survey with your local ministry of lands and survey, if you like, you may start the process of C of O. All is just to have enough documentation of the same property but from different government departments and then establish presence.

Can you fence a 10 acre? the answer is yes! That 10 acre fence is your presence. Now is no longer about documentation but budgeting. So tell yourself or budget that every year "I will pomp N200k into this land until I'm ready" That is the annual "presence fee" until I'm ready. So you will befriend a member of this community who is possibly a bricklayer but with his ears to the ground. Split the dry season of six months into two equal halves because we build mostly during the dry season. In the first half send "small, small" money to your Man Friend to buy blocks, 100k for the fencing, after the rains send another 100k to continue fencing. Spread the work. Do this year in, year out till you are ready.People may even think you are struggling, that you have bitten more than you can chew. Encourage this thinking. But you know what you are doing. Do this and the land will never be fallow to encourage encroachment or a re-sale. Any happenings in the community, your Man Friday will tell you as you are a steady source of income. This is what I normally do.

Think about it, I'm not from Ibadan, but there is a 4 acre in Ibadan (well not Ibadan, Fiditi), flat land, borehole ready, a stream runs on the boundary. I do not have problems. I know who's farming there, who my neighbours are and who has just bought what around me all from my Man Friday. I have same in Ikorodu, no problem.

abdulwastecx:


Oga abouzaid, you look familiar o. Where do you reside in Niger state.

Are you are lecturer at federal University of technology Minna?
Suleja is a place to invest because of the shear population and growing middle class.

I'm at zungeru, i was impressed during my last visit to suleja it seems every bit more progressive than minna.

abouzaid:
I'm at zungeru, i was impressed during my last visit to suleja it seems every bit more progressive than minna.

Yes boss. Suleja is way ahead of Minna in term of business opportunity owning to her closeness to fct.

skimanski:
ABEG WHEN EVERY BODY DON RETIRE FINISH. I DEY WAIT UNA FOR NIGERIA. MAKE UNA BRING UNA PENSION MONEY

Badt guy ahaha U 2 no go retire abi ,U wan supervise with walking stick ni

back2sender:

In the same Epe some land go for 200k a plot, A Friend just bought 6plots, fenced it and turn it into farm. Waiting for the future! Am also planning for the same

Mark my words bro. Epe will be more interesting than Ibeju Lekki in not too distant future.

If I have 30m to invest in Lagos, I'll do my CountryHome in a choice estate (one of the best estates around) with whatever 20m can give me (land and building inclusive). Don't bother quote me on this! Just do your findings and you'll realize that we are mostly impulse buyers. There are still cheap and very good lots around.

The rest of the 30m will be disbursed as follows:

1. 1 acre in Imota (between N2.5 and N3m)
2. 2 acres in Epe (pretty close to the ring road)
3. The balance will be invested in block making machine for the two sites. I'll give the block business to the Locals to manage for me.

Documentation in these areas are still so cheap. The prob we have is that we dwell so much on the negatives than the positives. The place is far inside the bush; no road; few scanty houses; no light; they'll steal the land; how will I manage it. Even the retirement move been discussed, we were all looking at the downside and not the plus side. I agree things are terribly bad but whatever it is, the journey of a thousand mile will definitely start with a step. The OP in question is not Cameron nor Clinton. He's from here and he knew the odds stacked up and he believe he can swim. I can't really dwell much on this but it is a case of "Eni lo lo bo" meaning (It's he who went that came back).

The bush of today will definitely become the city of tomorrow.

That's how to Think and Reflect.

______
For me, I'll rather spent more energies discussing what to do "Now, that I'm home." Should I go into service business? Or manufacturing? Or consultancy?

What are those things I need to take along that'll help me to stabilize.

We are different though.

n3xt:
On retirement, this all I have to say:

"Surviving abroad is hard, retiring in Nigeria is hard. Choose your hard!"

In Nigeria, you're your own republic. You generate your light, construct your road, provide your security, live and fight with people who have given up on hope of a good life (the this-is-how-we-do-it people) for the rest of your life. Yet you pay tax for the things you can only hope for.

Isn't retirement meant to be a better life after meritorious years of service? In NG, it can only get worse when the planning is wrong.

when you have lived abroad for the duration most people on here have, you will see beyond all what you just listed, kinda hard to explain but you have to feel it to know it.

n3xt:
On retirement, this all I have to say:

"Surviving abroad is hard, retiring in Nigeria is hard. Choose your hard!"

In Nigeria, you're your own republic. You generate your light, construct your road, provide your security, live and fight with people who have given up on hope of a good life (the this-is-how-we-do-it people) for the rest of your life. Yet you pay tax for the things you can only hope for.

Isn't retirement meant to be a better life after meritorious years of service? In NG, it can only get worse when the planning is wrong.

People like you make it even harder for people in diaspora to retire to naija. If na lie make una ask QC1 again.


Just my 2 cents...

babalose:
@Brabus.....you are one the people that frustrate people that want to retire back to Nigeria.

I swear I didnt even see this comment when I made similar comment above.


Make everybody keep and hold their pension money tight o. Na from advise e dey start o.

I no fit write statement later o

erico2k2:

when you have lived abroad for teh duration most people on here have, you will see beyond all waht you just listed, kinda hard to explain but you have to feel it to know it.

Bro! I don't need to tell you how smart I am. You definitely know where to place me on ratings.

You mentioned CNC machine here sometimes ago and I said if only we knew how much ideas we are wasting out here, a lot of us wouldn't be bothering about putting bricks and mortar together to make a living or whatever we choose to make out of it.
I took note of those things we discussed that period. Many people didn't do so. They were here on a collision course.

Make I no too talk but I keep wondering why someone abroad will be asking what to do in Naija to make a living. I won't spend half the year most people here spent to figure it out.

I've shared wifi hotspots here. The pioneer in Nigeria around 2006 is from UK. Funke Opeke and Adeola are doing the magic by bringing the high speed Internet to Africa raking in billions.
Someone in one of the exhibition I attended last year setup a technical and vocational institution (recognized by Lagos state) in Ikorodu where construction workers are trained on how to build the standard way. So people and govt go to him to pick labourers.
Film distribution business was hijacked by our common sense senator from the South Africans and he's doing so good.

Bros there are thousand of ideas and opportunities for diasporans than building houses or buying lands.
My friend and boss is making a big hit in Ghana for replicating what he did in Nigeria a decade ago without stress. He left Abbey National Bank Plc over a decade ago after almost 2 decades of sojourn in Europe and he's good for it here at home. The positives is this govt will deal with diaspora more than the locals. If in doubt, ask Kemi Adeosun and the likes.

So I don't need to stay that long year to know how best to plan. As a matter of fact, I run with an exit plan from the very first day. Ogbon ologbon la fi nsogbon. I learn from other people's experience.

diordaves:

Buy the land and do your survey immediately, get whatever building plan and REGISTER your plan together with the survey with your local ministry of lands and survey,

A couple questions sir.

Can building plans be reused for registration?

Can I register a different building plan at a later date if I change my mind?

Did you buy your farm land in Ibadan direct from the owner or through an agent? I recently bought my first pice of land and I was shocked to find out that agents get 10% of the purchase price. If you bought direct from the owner do you know if he has more acres for sale?

n3xt:


Bro! I don't need to tell you how smart I am. You definitely know where to place me on ratings.

You mentioned CNC machine here sometimes ago and I said if only we knew how much ideas we are wasting out here, a lot of us wouldn't be bothering about putting bricks and mortar together to make a living or whatever we choose to make out of it.
I took note of those things we discussed that period. Many people didn't do so. They were here on a collision course.

Make I no too talk but I keep wondering why someone abroad will be asking what to do in Naija to make a living. I won't spend half the year most people here spent to figure it out.

I've shared wifi hotspots here. The pioneer in Nigeria around 2006 is from UK. Funke Opeke and Adeola are doing the magic by bringing the high speed Internet to Africa taking in billions.
Someone in one of the exhibition I attended last year setup a technical and vocational institution (recognized by Lagos state) in Ikorodu where construction workers are trained on how to build the standard way. So people and govt go to him to pick labourers.
Film distribution business was hijacked by our common sense senator from the South Africans and he's doing so good.

Bros there are thousand of ideas and opportunities for diasporans than building houses or buying lands.
My friend and boss is making a big hit in Ghana for replicating what he did in Nigeria a decade ago without stress. He left Abbey National Bank Plc over a decade ago after almost 2 decades of sojourn in Europe and he's good for it here at home. The positives is this govt will deal with diaspora more than the locals. If in doubt, ask Kemi Adeosun and the likes.

So I don't need to stay that long year to know how best to plan. As a matter of fact, I run with an exit plan from the very first day. Ogbon ologbon la fi nsogbon. I learn from other people's experience.

make we leave that CnC matter Ohh, that nah to Hammer later, the blue print is in teh brain we r not even allowed to store it on hard drives ,
In other news I was on about the urge to return home quick and xcape from life abroad.The idea we brought with us is our profit cos money cant buy these.People from abroad learn methodical ways of doing things cos things you read about in Nigeria to add to your bank of technology is what we abroad see and work with every day.
PS:Im not dising people back home ohhh na so me and Egun dey rake about machine to use wen our build start, wen we reach ground we come realize say wen in rome U behave like D romans

n3xt:


Bro! I don't need to tell you how smart I am. You definitely know where to place me on ratings.

You mentioned CNC machine here sometimes ago and I said if only we knew how much ideas we are wasting out here, a lot of us wouldn't be bothering about putting bricks and mortar together to make a living or whatever we choose to make out of it.
I took note of those things we discussed that period. Many people didn't do so. They were here on a collision course.

Make I no too talk but I keep wondering why someone abroad will be asking what to do in Naija to make a living. I won't spend half the year most people here spent to figure it out.

I've shared wifi hotspots here. The pioneer in Nigeria around 2006 is from UK. Funke Opeke and Adeola are doing the magic by bringing the high speed Internet to Africa raking in billions.
Someone in one of the exhibition I attended last year setup a technical and vocational institution (recognized by Lagos state) in Ikorodu where construction workers are trained on how to build the standard way. So people and govt go to him to pick labourers.
Film distribution business was hijacked by our common sense senator from the South Africans and he's doing so good.

Bros there are thousand of ideas and opportunities for diasporans than building houses or buying lands.
My friend and boss is making a big hit in Ghana for replicating what he did in Nigeria a decade ago without stress. He left Abbey National Bank Plc over a decade ago after almost 2 decades of sojourn in Europe and he's good for it here at home. The positives is this govt will deal with diaspora more than the locals. If in doubt, ask Kemi Adeosun and the likes.

So I don't need to stay that long year to know how best to plan. As a matter of fact, I run with an exit plan from the very first day. Ogbon ologbon la fi nsogbon. I learn from other people's experience.

Ideas is never lacking. However, when people you deal with are not TRUSTWORTHY then you have problems. Almost everyone is out to swindle you or milk you dry.

You mentioned Adeola, I doubt he is the brightest among his peers. However in terms of INTEGRITY, he is above most of his contemporaries. How many of the new age bankers have such 'integrity'?

3strikes:



I swear I didnt even see this comment when I made similar comment above.


Make everybody keep and hold their pension money tight o. Na from advise e dey start o.

I no fix write statement later o

U must write statement oh, infact you must list statement,
anyways, when things like these happen ,it just brings you down to reality of one of the trillions of things that could go wrong if you do not keep an ear to the ground,I like the idea of a FRIDAY,In my lil xpirience, I have instructed workers to do certain stuff for me in a precise manner then to return they have used 6 head pan of stone instead of ten and structure appeared weak, so if i was building for a customer i don enter na to refund money or re do that part with my own cash or better still, cover it up.I think with al the frauds,let down, insincerity, we are gathering experience and knowing what to watch out for.Some people do not know jack about buildings, while they could be xperst in other things they are dumb wen it comes to construction.Typical example is my Dad, he is brilliant when it comes to financial forecast, he can give U detailed forecast of your Biz in less than an hour for 10 years but trying to show him where the visitors toilet is on a plan ah OYO.So all good and bad on here is working for our good.
there is a proverb in warri,** stick wey U see finish nor fit burst ur eye ball **

Diordave one can never go wrong with acquiring lands o. I just dey gbadun all your comments.


You know if you start making your comments with colorful crayons, you can easily pass for Lastpage

erico2k2:

make we leave that CnC matter Ohh, that nah to Hammer later, the blue print is in teh brain we r not even allowed to store it on hard drives ,
In other news I was on about the urge to return home quick and xcape from life abroad.The idea we brought with us is our profit cos money cant buy these.People from abroad learn methodical ways of doing things cos things you read about in Nigeria to add to your bank of technology is what we abroad see and work with every day.
PS:Im not dising people back home ohhh na so me and Egun dey rake about machine to use wen our build start, wen we reach ground we come realize say wen in rome U behave like D romans

Thats not a reflection on me. It's a reflection on the Nigerian building industry and they all combined should be ashamed.

RichYoungRuler is one of the few that earned my respect for using technology on his builds.

erico2k2:

U must write statement oh, infact you must list statement,
anyways, when things like these happen ,it just brings you down to reality of one of the trillions of things that could go wrong if you do not keep an ear to the ground,I like the idea of a FRIDAY,In my lil xpirience, I have instructed workers to do certain stuff for me in a precise manner then to return they have used 6 head pan of stone instead of ten and structure appeared weak, so if i was building for a customer i don enter na to refund money or re do that part with my own cash or better still, cover it up.I think with al the frauds,let down, insincerity, we are gathering experience and knowing what to watch out for.Some people do not know jack about buildings, while they could be xperst in other things they are dumb wen it comes to construction.Typical example is my Dad, he is brilliant when it comes to financial forecast, he can give U detailed forecast of your Biz in less than an hour for 10 years but trying to show him where the visitors toilet is on a plan ah OYO.So all good and bad on here is working for our good.
there is a proverb in warri,** stick wey U see finish nor fit burst ur eye ball **

We in Yoruba say "the stick wey we no want make e shook us for eye, na for afar we dey look am"