It is easier to make $1 million(500 million) here in Nigeria than to make it in Canada, UK, the US, Australia and other developed countries.
The reason is not far fetched: Nigeria is a dysfunctional country, an emerging economy and a third world country for that matter.
While Canada for instance is a developed country and it is structured in a way for you to have access to basic things of life which is absent in Nigeria but not to be rich.
Basic things like 24 hours uninterrupted power supply, access to a good hospital which is free if you are in the UK or Canada, good schools for your kids and a safe environment where Fulani herdsmen cannot kidnap you.
If let’s say I’m running Visage media in the US before I stepped down, the max yearly return I would get from my investment would not be more than 5%.
It is even less than that as entrepreneurs in those countries see returns on investment from 1-3% yearly. Covid made it worse at the moment to see any ROI from your business if you are running it in a developed country because most businesses in the abroad were hit by the pandemic.
In Nigeria, businesses here were Covid proof as most businesses here have bounced back from the setback caused by the pandemic.
Also, an investor gets 100% returns from his investment in Nigeria year in, year out except if the business you are running is badly run or village people are following you from the village.
It is said that Nigeria is an investors goldmine, for all the dysfunction here, it is one of the few countries that gives 100% returns on investment.
However, for all your wealth, a container can kill you in Lagos. You don’t hear such stories in Canada.
The absence of oxygen at Nigerian hospitals and the state of hospitals here can send you to your early grave. Canada has a better health care system.
A thug in Lagos traffic can stab you to death because you refused to surrender your phone.
We need to put this in proper context for people who wish to relocate.
It is not greener on the other side and easy for anybody anywhere, whether the US or Nigeria.
Forget what you see from our friends abroad, they are struggling just like you are struggling in Lagos but using social media as a coping mechanism.
But at the end of the day, the choice is yours for you to make.