Done with Canva
I've done some research and the United States and China plus some other countries always pop up as the most expensive place to migrate to as a Nigerian, this isn't surprising since so many Nigerians have established China as a center of commerce. And as for the United States, its visa is probably one of the most sought after in Nigeria, I guess... You know, people want to live the American dream and would spend that buck to actually do.
But for someone like me: limited funds, certain priorities. It's definitely different. A lot of people wants to leave Nigeria, but then because they don't have a defined priority it makes it rather different difficult for them to make a choice. I have a millionaire cousin, who have a smooth conglomerate of businesses that are currently doing well in Nigeria, but he's currently planning to close up all these businesses and head up to a nice snowy country to spend the rest of his life.
This is one of the problems of most potential migrators, they're undecided of what they truly want. Making it absolutely difficult for them to narrow down the right place. It's of course very enticing to want to move to some of these audacious countries, it's got the name, the swagger, and it promises millions on paper. Sometimes it's the intent of the migration, what do you aim to achieve by migrating?
For my cousin, he wants a better life, more money than he currently makes and be feels that the economy outside of Nigeria would actually do better for him in the long run. However, I find this to be throwing caution to the wind. First, Nigeria as a financial environment offers his business the opportunity to thrive, going to another country might not be the same. There's no guarantee, and this is why I don't advise people to trade what's guaranteed for the promises of better things that not certain.
For someone like me, I've certainly defined my intent, my purpose of migrating, how the economy of the targeted country would benefit me, it's cost of living, it's availability of opportunities for foreigners as well as health care system. Guess what? The United States or Canada didn't pop up, Botswana did, Mauritius did, Namibia did.
Now these countries are majorly African countries, for so many Nigerians, it wouldn't feel right. Nevertheless, for a person like me, Nigeria is totally unstable and unsafe to be in. Botswana for example use to be one of the countries rocked by inflation, but in recent years, they've managed to keep this low and maintain a solid economy that's also favorable to outsider, while being affordable to live in. The fact that Botswana fulfills almost every intent I have makes it my number one priority. Now, there are some other countries that have popped up, not in Africa. But then, the costing of actually thriving in these places is not what I feel I can be able to afford.
For my cousin, he's probably overrated the economic and financial situation in Nigeria. You see, while Nigeria is terrible in so many aspects, it's been the source of wealth for some people who are heavily invested and dependent on the economy and its government policies. Some people are generally profiting from the unstable economy to make their wealth, others are enjoying the fact that there's no price regulations and hence they can manipulate the market to their advantage.
However, there are strict rules to how it would work in some of these most sought after countries. And a lot of people are not really considering these limitations. To me, you'll need to have a backup, an already thriving business, managed properly while you're even away, because while travelling out might be a golden goose, it might just be foolish to feel, you'll make better returns because the system is way better than in Nigeria.
And as for prospective migrators who are basically dependent on their crypto assets, you'll need to make research to see if the country you're heading into is anti- crypto. This is a really Important aspect. Back in the days, some wealthy Internet scammers from Nigeria were going to the UAE.
But it's actually difficult to go to the UAE with crypto as a whole source of income due to the history of the state with Internet fraudsters, who have thrived in that country using crypto to perform transactions without involving traditional banks. The world is a dicey place. Migrating out of a place like Nigeria isn't something you should do quickly, planning it, should take time because people easily makes mistakes. Don't allow people who easily succeed make you feel that it's easy.
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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