A friend of mine who lives in South Africa called me today, and he explained how all the money he is earning only goes for his bills. He was unable to have any savings, and when we converted what he earned a month to Nigerian currency if he earned that here the guy would be doing amazingly well, but he has been staying in South Africa for 2years, and there has been no difference, and he has not achieved something tangible for over two years, so he called and is seeking advice. Maybe he should come back to Nigeria and start something with his life, even though I advise him against it, but I realize that this guy is already convinced to come back to Nigeria, and one of those things that is taking all his money is housing.
Housing in Nigeria differs from what is commonplace in many foreign countries. While in other countries, it is usual to pay rent every month and the more luxurious your home is the more you pay, in Nigeria, it is more common to pay annually. For the average Nigerian house, rent is usually for a whole year and This approach allows for savings and more financial flexibility, but it may not be the case for those who travel abroad. Interestingly, Nigeria is one of the few countries where you pay rent annually.
In some foreign countries, The monthly house rent is equivalent to our annual house rent in Nigeria . This is often due to a strong and stable economy in those countries. Despite the challenges faced by Nigeria's economy and the struggles of 70% of its population, paying rent every month can still be a difficult task. This may explain why such payment structures are still allowed. However, there is hope for the future as Nigeria's economy continues to stabilize, providing opportunities for everyone to secure jobs and live a good life. This could eventually lead to a shift from paying rent Annually to monthly rent payments.
In many foreign countries, immigrants face challenges in finding employment even when they do the job can't pay their bills to live an average life. While some countries have a higher standard of living and a greater ability to pay rent each month, without a job it can be difficult to make ends meet. It is important to consider the job market in a potential new country before making the move, as it can greatly impact one's financial stability.
It is easy to do what is hard
In foreign countries, we still have people who are homeless even though they have everything in place to pay their rent. they have a good economy, and there is job everywhere, but some of these people are just crackheads. But in Africa, the reverse is the case, there is not enough job for everybody, and the economy is bad, which makes it very difficult to feed yourself talkless of paying rent, and that is why some of these African countries pay rent annually, and with this, that is super easy. It is still tough, and we still have so many people homeless here in Africa just because there is no good system in place. Unlike in foreign countries, it is tough to pay rent every month, but they can pay because the job is available for them to pay.
When jobs are available, paying rent becomes very easy However, if there are no job opportunities, it becomes difficult to pay rent whether it's monthly or annually. Annual rent payments may seem easy, but in Africa, the system is not always reliable, the economy is bad and there is also a lack of good governance to pay annual rent becomes difficult because feeding yourself in this kind of environment is difficult talkless of paying rent, and that is why many people are homeless.
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Thanks for your time.