RE: With Nowhere to Invest Nigerians Keep 36 TRILLION NAIRA in Banks. WHAT?! | Flo Finance
HTML-код
- Опубликовано: 2 сен 2020
- So I read this article on NairaMetrics about how Nigerians have money in their bank accounts but do not know where to invest it. For real? This is my response to it.
❤ Need one on one paid consultation?
Send me an email to floflofinance@gmail.com
❤ More investment videos:
Start investing: • Start Investing Here
Build a House in Nigeria: • Build a House in Nigeria
❤ Email: floflofinance@gmail.com
#flofinance #investinnigeria #flochinyere 
Хобби
Financial Education is exactly what we lack as Nigerians. You touched the vital parts Sis Flo, well done 👏 ✔
Thank you so much. I always look forward to your posts, so interesting and educating.
Thank you so much ma'am Flo! Your channel is a blessing
Thanks Ma'am for the enlightenment. Very much appreciated 🙏🏾.
You are such a gem to the world. Well done and thank you for this invaluable information as always.
How do I like this video 10x, Flo? Great stuff. You hit the nail the head.
Thanks for reinterating. I just subscribed again. I was wondering why I didn't receive notification for this broadcast. I didn't realise it's a different channel. Great content. Well done sis.
Great content as always. Thank you sis
Wow this video blew my mind. Sis Flo you are a good teacher. See as you took your time to detail the video like ABC. My hubby and I enjoy all the investment videos. Keep it rolling. God bless you
Oh wow! I was part of the confused ones once ,.... I just subscribed now
Yes Sis investing in Nigeria is necessary to help boast the economy. Thanks for sharing this
I LOVE this video. God bless you for the insightful info
Tanx Flo. That's very informative.
Sister, you are a very smart woman. Thank you for sharing
Thanks Aunty. This video is very informative.
I came across your channel and I'm really motivated. Thanks
Aunty Flo never disappoints. Thank you so much for this very valuable information
I feel I'm in a lecture room. I always take out time watch in other to be lectured. Thanks my daughter's name sake. I love you dearly 💝
Sister, I think on the area of food blame the herds men/ insecurity and the government, who destroyed crops and farm produce, that push prices of food high, farmers no longer have the need to go to farm since safety comes first. When the middle belt is been destroyed we forgot that it will affect food supply in the long run but none of you blow the siren calling for help, and this region is where lots of food comes from. Investing in agriculture is very very important but if the problems of the herds fulani is not tamed, it will be like fetching water with a basket.
About the hospital I think doctors should come together and work together, in the western world their hospital is like departmental store, all the doctors work under one roof. Main while it is actually different shops put together, that is why it's like everything is in one place, what the government own is only the building, they pay for rent and the rest the doctors controls their earning and pay their staff and also pay their tax. They only include insurance that help to subsidize payments for citizens, because you already paying your insurance premium that covers health.
What make me mad is Nigeria government can not just build a huge building and allow the doctors to run their business and pay tax, They only need to help regulate polices to protect the ordinary man/woman
I respect how you simplify these things.
Invest in real estate, it is tangible, even if it's land and it is Biblical .
Thank you so much ma✊🏿
Thank you Flo
😂😂😂i love you already. So Apt🤩🤩 Thank you for educating us.
Thank you ma'am for sharing your knowledge. The knowledge of stocks is not as much as you think ma. The average Nigerian knows little or nothing about stocks. I only got to discover little about it last week through RUclips. It is really bad that investment is not taken seriously by most ( I think this is because of ignorance though).
Again, thank you for this enlightenment ma.
Nice one Flo
Thanks for sharing this very informative and well presented video.
Very educative. Enjoyed your video
Great message
Keep up with the good job....
This is truly lovely and informative! Flo for minister of finance! 😁 But seriously, thanks for always sharing honest, detailed, and very useful information 👏🏾👏🏾
Wow! thanks a lot for this mind blowing financial education which is very informative. There is indeed various ways to invest in Nigeria. Agro-investment excellent.
Omg I felt like God led me here. This is such an eye opener. I live in the USA and I have been thinking of investing, but don't know how to go about it, but now this gave me a lot of confidence to come invest in Nigeria.
I am new on this channel though i knew of your cooking channel but this one is an eye opener having lost money also due to wrong investments.
It's good you made it clear that this channel is different from the other one😅
It took me sometime to differentiate the two channels.
I wish I can subscribe multiple times.....i am loving this woman's platform...i fact I love this woman... you are making me rethink my views about 9ja.
Excellent!
I'm excited for my people . Investment In Africa !
Good truth talk
I left about N2million in my account for over 10 years, just sitting there no investment, what a fool I was. 🤨 until watched your channel, thanks follow.
Lol😜😜😜
Don’t worry, many people a foolish😂
Wonderful topics
You have to factor inflation hence the difference in saving accounts interest between west and Naija
God bless you ma
You have to factor in the high inflation rate in Nigeria as well as the ease of doing business, such as dollar to naira exchange rate.
Flo I love the pop up captions you do but they are too fast for me to read..by the time I read half the sentence it has disappeared. Just letting you kno. I would love to be able to take in all the information even the captions bcos your videos are so amazing and informative. I love learning from you. 💙
This video is very informative and educational. I always love how you explain in detail how and why you invest in Nigeria. I am working towards investing in some form or business or investment in Nigeria. Thanks for sharing as always Flo.
Invest in me sir. We could talk better through mail sir or any medium you are comfortable with. Do let me know if its fine with you sir.
The reason why food is expensive in Nigeria is because of the the quality of the leaders we have , we still go to India and south Africa for treatment .
Good job sis. ...go on!. These writers do not know what they are saying.. lack wide comparative knowledge base.
Chaiiiiiii thats it !!! Flo for
..... Finance Minister 🙌😙👊👍
Of course you know I shared 😊👊
Easy o sis! 😂 Thank you.
Interesting article but interest rates are low for the risk and inflation in this clime
You are doing great my sister, kudos to you! Please keep it up. But please remember that, though there are multiple investment opportunities in Nigeria, there are a lot of other things that drag things way down...: Insecurity, curruption and cheating at all levels; very poor infrastructure, political & societal instability, the worst of it all is mediocrity in governmet/politics that gives rise to the poorest type of leadership anyone can think of...! I am not loosing hope though...!
So Nigerians living in Nigeria should keep their money in the banks lying idle? Please stop with that "but" narrative. Investment MUST go on for the economy to continue to be stimulated. Hiding money under the bed makes it worse.
😂😂😂Haaaa Nne you are smart and intelligent
My concern is knowing where and how to start investing in any area/sector in Nigeria. Trust is also a major concern. Please advise me my dear sister. Thanks
Financial education is really lacking in Naija ooo! No doubt about that. Though a lot of people are beginning to wise up on their own.... looking for ways to diversify means of income in order to meet up with the high cost of living in Nigeria. Food is a major problem, you can say that again.
New subscriber......just conquered my fear of investing in Nigeria. But how ma???? Thanks
Great video. All these people shouting inflation and risk here and there probably don't know the black richest man on earth is from that same place.
Thank u so so much, ur videos are always very educative. Pls is there anyway i can talk or chat with u privately?
Thank you so much for these wonderful informations you're sharing. Can you believe that ISA (Individual Savings Account) is 0.10% in the UK. Honestly, based on the figures you've shared, Nigeria is the best country to invest at the moment. Please keep these videos coming, you are doing a great service.
Yes, some don't believe me when I say this but these are what I've been keeping track of for years. In terms of interest rates, Nigeria is much better for investors. Right now our savings interest rate is 1.2%. Fixed deposits are a bit higher.
Wow!
Thanks ma'am for this eye opener.
I'm interested in the agriculture sector in terms of investing. Please can you shed more light on it.
Thank you.
Much love from here
"..... with no where to invest" is definitely the wrong choice of phrase by Nairamatics. What is lacking is not investment opportunities. Rather, it is financial literacy. These lazy reporters do not do their research or due diligence before publishing. You've done a good job in taking them to task here.
Very Informative and detailed video!Thanks for the practical teaching and analysis Dear. Please what is your take on Network Marketing?Pls I will be waiting for your response. Thanks
The almighty network marketing. We will talk about it here.
Inflation rate in Nigeria is different than in the USA for example
Flo, you're quite on Point. This is 2024 and Nigerian account officers are still dumb they only focus on helping the rich forgetting the fact that the more the investors the better the yield.
Nigerian bank account officer= open account + save + withdraw.
It's as if they don't want the poor to come out of poverty. 😊
Thank you you are very correct on so many counts.but you see the investment you talk about only favors those outside the country.cos of the exchange rate.pls could you tell Nigerian s at home what to invest in in your next video?
Everything I talk about on my channel is open to EVERYONE that wants to invest in Nigeria irrespective of where you live. Rather than favouring those outside Nigeria, exchange rate hurts them because if the person needs to move the proceeds out of Nigeria after investment, the person will lose. So for those outside Nigeria, it is best to keep reinvesting the money in Nigeria once it comes in.
If after watching this video and other videos I have on this channel you feel the investments are only for those outside Nigeria then this channel is not for you because you already have a fixed mindset about investing.
...but don't forget currency devaluation on the treasury bill. That notwithstanding i agree with you that there are lots of opportunities for investment in Nigeria.
Exactly. If you sent £10k to Nigeria 2years ago at 450 you are already at a huge loss. Today's rate is over 700. You will need at least 55% pure profit just to break even in 2years considering the poor state of the economy.
Wow @ 36 Trillion Naira LOL!! I am not surprised thought tbh. People don't know and are wary of investments. I am going to seriously keep up with your channel, and start investing in Naija.
A WHOLE 36 Trillion! Three times more than our 2020 budget. That's what we left idle in banks. I still shudder when I think of what we could have done with that money.
The truth is that our people take a huge satisfaction in talking down our country. The sad thing is that even the ones that have travelled are the worse. For me I am just like you. No time to invest in another man's land. People who see you as an expendable fraction. I invest only in Nigeria. How can I buy bonds plz
Nigeria banks also invest but to their picket. By borrowing the money out to someone in other to get their interest
In south east. It's just Memphys hospital in Enugu that you can boast of having diagnostic tools like MRI, CT etc (that is fully functional) and it isn't even owned by a Nigerian. I remember when my aunty (of blessed memory) was admitted in Enugu general hospital(Park lane), they ordered CT scan and we had to run helter-skelter looking for where to do the scans. We had to transport her to Memphys to get the scan. She nearly died on the way(bumpy ride, smoke from the bus, etc)mind you that she was unconscious then. Very unstable condition. Did I say we had to fuel their ambulance, because the general hospital's ambulance driver refused to transport us saying the bus no get fuel. I feel I'm deviating 😪 but the point I'm trying to make is that we need people to invest in the health sector in Nigeria. We can't even boast of Government owned hospital.
Chai! I will look up the hospital, thanks for mentioning it Ada. 💛 You did not deviate Nne. So sorry about your Aunt. One fuels generator for an operation too, everything. Even buys oxygen when needed. O di egwu.
These regional governors cannot come together and build massive well equipped hospitals in each state. They do it like isusu. They finance the one in one state next time they finance in another. All they care about is their own pockets. No desire to leave a legacy.
@@FloFinance okay. Thanks for understanding where I'm coming from
Hopefully they meant interest rates for loans as being low ?
Good morning Madam Flo, can you pls help how can I invest in rice production. If you don’t mind , how can I chat you up. Thanks
There are many areas to invest, they don't just want to do it.
Yes, they still give them targets.( Very high)
This is an eye opener
You are talking about investing in agriculture when fulani marauders do not allow farmers to farm and produce food any more
You really love nigeria but some Nigerian who living in nigeria doesn't
aunty flo i feel like am in lecture hall
Please how do you invest in Nigeria treasury bill ? Is it through your bank or a website? I don’t live in Nigeria
Security, and not interest rate. An investor tends to invest more where there is security of his/her investment. He might make a low or medium returns, but the assurance of his investment and the steady returns would still propel him to invest in a secured environment where he wold have that rest of mind..... Government still have a lot to do but Nigeria still remains right destination for investment
I trust you blindly, all these usually goes over my head but not anymore💃💃 Aunty Flo to the rescue 🤗
That's nija for you, who cares DNA 🤫
Jisie ike nwanne, I bless the day l found you. Dalu oo
What is inflation rate in Nigeria? Which exchange market is real? How easy is it to buy T bills or stocks in Nigeria?
Definitely not a low yield market
Flo, what about the Trust factor?
Can you give details of what you mean by trust factor?
Stimulating and information laden!
Just wondering about investing in real estate as I was made to understand that rent collection is a real problem. Is this true?
If you put certain things in place, rent collection will not be an issue. Of course you may get a tenant from hell once in a while but that's an exception not the rule. I will discuss real estate in detail on this channel. E ji m nwayo aliputa. 😉
@@FloFinance hahaaaaa. .. real sis!! I love your personality and reality....Biko liputa obele obele. ..kuzielu anyi ife anyi amaghi....Daalu Nwanyi Oma x
Flo, the yields in Nigeria are high but we lack stability of currency and exchange rate. We also have inflation risks. This is why borrowers have to offer such high rates of return. I agree that Nigeria is a place with opportunity, but there is heavy risk. Any investor must look long term.
I would have invested in medicine and Agriculture if I had the money
You can form a co-operative with other people. You can also pitch any investment idea to those who have the money because the truth is that some people have money but they have no idea where to invest it. In so doing you have helped grow the economy without even putting your own money.
@@FloFinance Alright
Dalu nwanyi oma
Its a lie ! Canada interest rate is extremely low... Gotten worse over the years
Don't mind the crypto currency guy.
You didn’t factor in inflation in your low interest rate analysis Flo.
Remember she is comparing it to funds in banks in Nigeria. Suffering the same inflation already.
Sis Flo, Hahahaha... Some banks in Nigeria are just Safes... Hehehe 😁😁😁You pay a charge for them to hold your money for you. Na dem be dat. But fear will not allow person to invest in "Naira" oh especially under our government. The thing dey fall everyday like e dey go bottomless pit. 😁😁😁
Your last sentence may be true for those who live outside Nigeria but those who live in Nigeria wetin concern them with the fall of the Naira? That Naira will lose more value if they leave it lying idle in the bank.
For those who live outside Nigeria there's a way to invest wisely in Nigeria but that's a talk for another day.
@@FloFinance Hahahaha... Absolutely... Storing that much cash in banks in Naira is an absolute no-no! Especially sitting idle for Nigerian Bank "Safe." Mutual Funds especially Dollar denominated Funds are my better option. Thank you for the wisdom you continuously dish out. We hear you loud and clear🙏🏾
@@ibyabu you always crack me up when you call them the "safe". That's all they are for real. 😂
Lol😆😜
We need to know your biography mss Flo.
The main issue is who will manage your investment. I mean will you be able to sleep with your eyes closed. Haha
I stop following Naira metric after this video 😊
Sis, interest rate or not, you paint a rosy picture of Nigeria investment climate, without a mention of the existential risks. Please make a balanced assessment balance.
So you put in agriculture, Fulani herdsmen strike, you build a house, puts a tenant, and they don’t pay.
I'm waiting for you to make the balanced statement on your channel because obviously you know more about it than I do. Go on ... 1, 2. 3 your time starts now. Tick tock tick tock
@@FloFinance Take this as feedback, no need to be sore about it.
Ah-ah you want to force me to talk about something I don't know about? Na wa for you ooo. I don’t talk about things I am not knowledgeable about.
So take mine as a feedback too. Start a RUclips channel on analysing investments in Nigeria and other places, it might be your calling. I said other places because if you don't want people to invest in Nigeria, you must have other places to direct them to.
I'm serious. Financial education is lacking in our society and the more people talk about it, the better. I don't want to be the only one doing this job of educating Nigerians about personal finance. I don't know why my response rubbed you the wrong way. Some of you prefer to be ignored when you comment because one response bam! You get angry and defensive.
@@FloFinance Any help on where Nigerians can get investment education online for free?
Flo finance, this info is outdated and with $10k now am sure of getting 1.78% daily. Why will I give out $10k just to earn $330 after one yr? . If people don't know what to do with money, let them bring it to me.
1.78% per day is 650% per annum. No legit investment can give you that guaranteed ROI. No way.
@@FloFinance Any help on where Nigerians can get investment education online for free?