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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by DexterousOne(m): 2:15pm On Jul 23, 2020 |
Godbpraised: You mind me asking where you are currently based? My bet is Canada |
Re: Treasury Bills In Nigeria by Donbrig: 2:19pm On Jul 23, 2020 |
Anyone returning to live in Nigeria from oversea should have a minimum of 250m naira in liquid and fixed assets. You don't need billions to live a good life in Nigeria. If you can earn a minimum of 500k/700k monthly in Nigeria, that should be enough to give you a comfortable life. emmanuelewumi: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:23pm On Jul 23, 2020 |
Donbrig: If you have a wife and three kids And you bring them back to Nigeria 500k a month wont cut it The kids have to be in good schools Commensurate with what they left behind My opinion sha 3 Likes |
Re: Treasury Bills In Nigeria by NL1960: 2:24pm On Jul 23, 2020 |
DexterousOne: Different stokes for different folks. I hate abroad to nonsense. I once went for a training in New Zealand. After the training, the company wanted to retain me so that i stay back. I just laff tell them say their way of life no suit me. The same thing when i went to London. The kin cold wen waya me for there, i never knew cold fit catch person like that. 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by NL1960: 2:29pm On Jul 23, 2020 |
DexterousOne: Who told you?. There are good schools that are not so expensive. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:30pm On Jul 23, 2020 |
NL1960: Yea You are right Different strokes for different folks Anytime I'm returning to Nigeria I always sigh Murtala airport again? I just pray it all works out for all of us sha Whatever we are working on 2 Likes |
Re: Treasury Bills In Nigeria by Donbrig: 2:31pm On Jul 23, 2020 |
You won't be paying sch fees every month, and there are many parents in Nigeria whose kids attend good private schools and don't earn up to 500k a month. I also encourage those Nigerians in diaspora to overgrow the burden of paying school fees for their children before relocating to Nigeria. DexterousOne: 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 2:32pm On Jul 23, 2020 |
Donbrig: With your monthly cash flow of 700k per month, which is less than N10 million per annum. I think liquid and fixed asset of N150 million will be a good start. 5 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:32pm On Jul 23, 2020 |
NL1960: What good school will you send your three children to, that is commensurate with what they are used to abroad That 500k per month monthly salary can power up No think am. It's a different case if you are coming back to Nigeria to START A FAMILY In that case what you suggest can cut it But uprooting three kids And putting them in mediocre schools It wont end well |
Re: Treasury Bills In Nigeria by Godbpraised: 2:34pm On Jul 23, 2020 |
The countries you look up to have their issues. Governments in those countries are corrupt too, but the corruption in Nigeria is legendary. If u are thinking of being rich you shouldn't be thinking of what government does or did not do. Its only the poor that look up to government. Rich people think of how they can solve problems and prefer solutions. Here in Canada dey set up benefits for people that are poor in itself is a scheme to improvish people systematically. But lots of Nigerians stay long on the scheme. Hence they find it hard to think out the box.Oga forget government. Start thinking like someone who can offer something or a solution . Look at Bill gates look at dangote they are solution providers . I have a senior brother back home in Nigeria. He makes crazy legimate money every 4 months. No matter how highly paid I am here in Canada I can not match him even at 100k Canadian dollars per year. Doing business in canada has its challenges racism etc . Guy I rest my case. Cyberknight: 8 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 2:37pm On Jul 23, 2020 |
DexterousOne: My everlasting annoyance any time I get back to Naija. It's not just when one is getting back from advanced countries. I've been to many countries in Africa, including those ranked among the world's poorest (such as Madagascar, Uganda, Tanzania, Ethiopia, etc.) MMIA is the lousiest airport, comparable only to the one in Douala. Even Uganda's Entebbe Airport of "Raid on Entebbe" fame is way better organised. 2 Likes |
Re: Treasury Bills In Nigeria by NL1960: 2:44pm On Jul 23, 2020 |
DexterousOne: If you know, you know. My son in SS2 has four classmates that came in from abroad. Two were brought in from Canada, one from US and one from UK. This academic session, my daughter's school had to create an extra arm because so many parents brought their kids from abroad and they passed the competitive entrance and interview. So you think those parents do not know that such schools compete favorably with schools abroad?. You underrate Nigeria a lot and overrate abroad. Na small Covid-19 happen and almighty US started fighting over toilet tissue. Btw, have you ever heard of a school called Loyola Jesuit, Abuja?. Parents abroad struggle for their kids to get in. Google about the girl that got the highest in JAMB this year to know about her school. 18 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 2:47pm On Jul 23, 2020 |
Godbpraised: Talking about societal development holistically. For instance, as someone mentioned above here, he feels uncomfortable being well-off and living in a society where 80% cannot come close to his standard of living. The extremes in Nigeria are just too great. There are people who have no realistic prospect of ever lifting themselves out of their current conditions, without any education, access to capital or connections. There is NO social mobility in Nigeria. If one is born poor, the chances of remaining poor are high. In developed obodo oyibo (not the U.S. oo), there is a lot of social support to enable people change their stories. Developed societies provide something for everyone, while Nigeria provides nothing. So Nigeria works for few, but definitely not for all. The Canada you are talking about taxes everyone to provide something for everyone. Nigerians, who have been bruised and battered so much by a country that provides them nothing can be excused for being content to simply live a decent life without breaking out of the "box" (mindset) you mentioned. I remember meeting a cousin and some of his friends in Europe at a wedding during Obj's time when there was so much optimism about Naija, and people were discussing porting back. One guy made us laugh when he said he'd love to come, but cannot adjust to carrying fuel in his boot again. It was a joke, but it summarised all that's wrong with Nigeria. Some people would rather be comfortable at whatever level they've achieved over there than come and be chasing NEPA and all the other emanations of the dysfunctional country we live in. It's their choice, but I see why they made it. 6 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 2:53pm On Jul 23, 2020 |
NL1960:I agree that top-level Nigerian education is good, never siad it wasn't. However, for many parents who send their children back, it's not necessarily about the education, some parents bring their children back to acculturate them, let them learn language or culture or simply understand that the place whence their parents came is a difficult place, so they should value their lives in obodo oyibo and max their opportunity to the fullest. 5 Likes |
Re: Treasury Bills In Nigeria by NL1960: 2:59pm On Jul 23, 2020 |
Cyberknight: So you think if there are no top level schools that provide that and good education, the parents will bring them back?. |
Re: Treasury Bills In Nigeria by deepwater(f): 2:59pm On Jul 23, 2020 |
IamR: how much did u contribute to the person while S/HE was alive? 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:59pm On Jul 23, 2020 |
NL1960: I'm not saying that there are not such schools in Nigeria And I'm not underating or over rating anyone What I'm saying Is that A man who is earning 500k in Nigeria after a stint abroad with wife and kids cannot send his three kids to a school commensurate with what is obtainable abroad You are earming more than 500k a month That's for sure You know it And I do If that was not the case How will you pay house rent and utilities and other Bill's plus school fees of three kids on N6m per annum Nwanne it will not work 4 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:01pm On Jul 23, 2020 |
Cyberknight: I dont want such "acculturation" for my kids AT ALL If God Grant's me my wish My children will go to boarding school in Switzerland Regardless of where I am based Those who want to "acculturate" All the best to all of you But as for me o As youths say these days "Ko necesstri" 1 Like |
Re: Treasury Bills In Nigeria by Godbpraised: 3:01pm On Jul 23, 2020 |
You till do not get what I am trying to tell you. The USA wey u mention na my backyard here them dey. A lot of poor black Americans are living an awful life even with government intervention , why do u think they go into drugs ? My brother the grass is not always green on the other side. U are to be a solutions provider not problem analyzer. Issues are everywhere. Look for a problem u can solve and boom � find a solution to it. I am aware the government in Nigeria is trying to support SMEs with funds especially in the farming and agricultural industry, take position if u can or if its something that interest who knows we can be business partner exporting food products for our nigerian population here in canada. Think business growth not government or problems. Cyberknight: 6 Likes |
Re: Treasury Bills In Nigeria by Nobody: 3:03pm On Jul 23, 2020 |
Cyberknight: U see problems, we see solutions. The place u r talking about was developed by humans like u. 3 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 3:05pm On Jul 23, 2020 |
NL1960: You are going off in a whole different direction. I never said Nigerian schools such as the ones you mentioned do not provide good education. I never mentioned Nigerian schools at all. You said that some parents bring their children back to Nigeria to attend school. I pointed out that in some cases it is not the quality of the education the parents are seeking, but rather to provide their children a connection to "home". This has nothing to do with the argument that in my opinion, life in Nigeria is generally bad for the majority of its population. 1 Like |
Re: Treasury Bills In Nigeria by oluwaleokey: 3:06pm On Jul 23, 2020 |
ahiboilandgas: They're hopeful...someday...one day...a change of story Good news; a whole lot of persons in lagos kept their Hopes alive and today they are successful Sad News; not everyone that kept their Hopes alive succeeded... 4 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 3:07pm On Jul 23, 2020 |
Nigsrdumb: Indeed. I look forward to seeing these solutions implemented by those of you who see the solutions. 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:08pm On Jul 23, 2020 |
Godbpraised: I get your point I see what you are driving at And it's good But also try to understand where people like me and maybe Cyberknight is coming from There are financial reasons to relocate And non financial reasons We are looking at the non financial reasons It's not about the money for me /us That's just it What I have seen some diaspora Nigerian returnees do (I have some as friends here in Lagos) is to maybe establish a business and the business does well... Which I applaud But after that What next? |
Re: Treasury Bills In Nigeria by NL1960: 3:09pm On Jul 23, 2020 |
DexterousOne: Prioritize. Cutdown on frivolities. Prioritize the kids education. Secondary school is just 6 years. Schools in Lagos are generally more expensive because Lagos is a state as well as a city. Outside Lagos, schools of same standing are way cheaper. 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:09pm On Jul 23, 2020 |
oluwaleokey: That's very true In Lagos If one keeps his hustle Opportunity and favour may appear And the person grabs it. Then the story has changed |
Re: Treasury Bills In Nigeria by Godbpraised: 3:09pm On Jul 23, 2020 |
The phone wey u dey type ur message na person idea guy i know dey fight u. I dey prefer ideas else na rat race person go dey till person die. My 2cents Cyberknight: 3 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:10pm On Jul 23, 2020 |
NL1960: Okay Anyone who can pull it off must be a dexterous financial handler |
Re: Treasury Bills In Nigeria by Cyberknight: 3:11pm On Jul 23, 2020 |
Godbpraised: You are also not understanding my point. I did not say that the western world is heaven on earth that works for ALL its people. Nor did I say that no-one can achieve anything in Nigeria. My point is that Nigeria fails MOST of its people and hence life is better in developed countries that give more people a better chance. 4 Likes |
Re: Treasury Bills In Nigeria by Godbpraised: 3:11pm On Jul 23, 2020 |
Okay sah I rest my case. DexterousOne: |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:13pm On Jul 23, 2020 |
Godbpraised: But in the same western world Children of immigrants are providing innovations and making it big there (E bay and Zoom and some Venture Capital companies and some others gaining steam in Silicon Valley are a few of many examples) Indians and Chinese and Arabs and Jews and others The opportunities they tapped into is what children of black immigrants can also tap into and make a big name for themselves on the global stage Tho I see some promising prospects of some children of Nigerian immigrants doing exploits sha But I believe we have the potential to do more. Just Saying |
Re: Treasury Bills In Nigeria by DexterousOne(m): 3:14pm On Jul 23, 2020 |
Godbpraised: I learnt a lot from your perspective actually Thank you very much for sharing *handshake* |
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