• I was searching for people who had fallen out with their parents when I found *Fareedat.

    In this story, the 42-year-old single mum of three opens up about the tough decisions that led her to send her mother back home and the struggles of navigating family, distance, and regret.

    As told to Adeyinka

    I thought bringing my mum to care for my kids was the best decision I could make. After all, she raised me. Who better to look after them while I was thousands of miles away? But now, sitting in my small apartment in Canada, dreading every phone call from home, I realise I made a huge mistake.

    When I relocated to Canada last year, leaving my three children behind in Nigeria was the hardest thing I had to do. I had been my children’s primary caregiver for years. Though their father and I were separated and he was still involved, I didn’t trust him to handle their daily care the way I would. Taking them with me wasn’t an option at the time, and the only solution that made sense was getting someone I trusted to stay with them.

    I didn’t have many people I could turn to. My siblings and I had grown apart over the years, and extended family wasn’t an option — either because they weren’t interested or because I couldn’t see them taking good enough care of my children. The only person I felt remotely comfortable asking was my mum.

    I won’t pretend we had a perfect relationship. Growing up, I had my fair share of issues with her; she was strict, impatient, and not the most affectionate person. But she was my mum, and at the end of the day, she had raised me. I thought that if I explained what I needed and set clear boundaries, she would step up for her grandchildren in a way she couldn’t for me.

    I begged her to move from Osun State to Lagos to stay with them. She hesitated at first, saying she was too old to be running around after kids, but I assured her that I would send more than enough money for their upkeep and get someone to help around the house. She eventually agreed, and I felt a sense of relief for the first time since my relocation. I thought I had found the perfect solution. I had no idea the chaos that was about to unfold.

    Within weeks, I started getting complaints. At first, they were small things. My mum made them wake up way earlier than they were used to, forcing them to eat meals they didn’t like, or complaining that they spent too much time watching TV. I told them to be patient. “Grandma is old school,” I reminded them. “Just listen to her and don’t give her stress.”

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    But soon, the complaints became impossible to ignore. My first son, who is 13, started calling me every other day, his voice a mix of frustration and exhaustion. “Mummy, Grandma is always shouting. If I forget to do anything, she won’t just correct me; she’ll insult me for hours.”

    My 10-year-old daughter would call crying because Grandma had called her lazy and cursed her out for not washing plates quickly enough. My youngest, just eight, became quieter on the phone, which scared me the most. It was unlike him. I kept asking him what was wrong, but he would just mumble that everything was fine and pass the phone back to his siblings.

    The final straw came one evening when my eight-year-old finally admitted what had been happening. He called me crying and said, “Mummy, Grandma didn’t let me eat dinner because she said I was stubborn.”

    I tried to stay calm and proceeded to ask why. He said he forgot to greet her when returned from school, and her response was to deny him dinner.

    My heart sank. I knew my mum was harsh, but this was beyond what I could tolerate. I was over 10,000 kilometres away, unable to physically intervene, and my child was being denied food over something so small.

    I called her immediately, barely able to keep my voice steady and asked what was going on. My mum sighed dramatically and was already defensive. Then she went on a long rant about how my children don’t respect her. She said I’d spoiled them. I remember her saying something along the lines of, “In my time, children knew their place. If you don’t train them well, the world will train them for you.”

    I tried to explain to her that discipline didn’t have to come with verbal abuse or punishment that could affect the kids emotionally, but she wasn’t having it. She insisted I was overreacting and that my children would grow up to be “useless” if I didn’t toughen them up.

    That was the beginning of months of tension. Every time I tried to have a civil conversation, she dismissed me. She insisted the children were exaggerating things to make her look bad. But I could hear the frustration and sadness in their voices. The love they once had for their grandmother was turning into resentment.

    My mum and I started fighting more. She said I was ungrateful and had left my kids for her to raise but was dictating how she should do it. She stopped taking my calls as often, and when she did, she only called to tell me how stubborn my children were and how I was failing as a mother.

    One night, my daughter sent me a voice note of my mum saying, “Your mother has spoiled all of you. If I had my way, I’d send you to the village to suffer.” I played the voice note repeatedly, and my chest tightened with each listen.

    That was when I knew things had to change. I had left Nigeria thinking I was making the best possible choice for my kids, but I had only put them in another difficult situation. I could no longer prioritise keeping the peace with my mother over their emotional well-being.

    So I made the hardest call I have ever had to make. I told her she had to leave.

    She didn’t argue. She just said, “Fine. Let me pack my things.” But her tone was cold, and I knew she would never forgive me for it.

    At first, I felt relief. But then, the reality of my decision hit me. I had removed my mum from the situation, but I hadn’t solved the bigger problem — who would take care of my kids now?

    I have two options: I can beg another family member to move in, or I can send them to live with a friend’s family. But I’m terrified of making another mistake. What if the next person I trust with them is just as bad or worse?

    For now, I call them every morning and night, making sure they are okay. But I know this isn’t a long-term solution. I need to figure something out soon.

    I just hope I don’t regret my next decision, too.

    Struggling with a difficult relationship with your parents? You’re not alone. Read our article, where Nigerians open up about navigating fractured family bonds and the tough choices that come with it.


    READ THIS TOO: I Brought My Granny Abroad to Help With My Twins. I Regret It Every Day

  • The Nigerian experience is physical, emotional, and sometimes international. No one knows it better than our features on #TheAbroadLife, a series where we detail and explore Nigerian experiences while living abroad. 


    Ella (21) left the loneliness in Germany to reconnect with friends and family in Nigeria. Two years after that decision, she regrets ever leaving Germany. In this episode of Abroad Life, she talks about relocating from Ukraine to Hungary, then Germany, and finally returning to Nigeria within three years.  

    Where do you currently live, and when did you leave Nigeria?

    I lived in Germany, but I moved back to Nigeria in December 2023. I spent two years in Berlin, but before that, I was a student in Ukraine.

    Why did you decide to move back to Nigeria?

    At that point, I didn’t like a few things about Germany. One of them was that they had no sense of urgency.  I also didn’t see the potential of having a good life there because of racism. I thought the colour of my skin would make it harder for me to have a good life and settle down in the country. Looking back at it, that wasn’t the case. I think I just had a more negative mindset at the time, so I decided to move back to Nigeria and try to relocate to North America from there.

    You said you had a tough time getting things done. Can you explain what that means?

    It was the most basic thing I struggled with. For instance, it took over a year to get a credit card to process online payments. Because of that experience, I concluded that the country was too backwards for me. If you want to register for your address or get your insurance card, you must either write a letter or go to a physical office. There are no online provisions for most of the processes there, and they take forever. 

    You also mentioned that racism was one of the reasons you moved. Could you tell me more about that?

    The interesting thing is I don’t have a personal experience of racism in Germany, but a Nigerian friend of mine did. There was a day when he was trying to get into his apartment.  Typically, you open the door with a key or ask someone to buzz you in, but at the time, two German ladies were already at the door. He thought he was going to go in right after they entered, but the German ladies cursed him in their language and slammed the door in his face after they noticed him.  The apartment itself was full of racist people. He eventually had to move out before his rent was due, and the landlord refused to give him his deposit. 

    That’s insane. What did your life in Germany look like at the initial stage, and why did you leave Ukraine?

    It wasn’t my decision to leave Ukraine. There was a war going on, and I had to leave for my safety. I was 18 at the time, and I had only spent 2 months there. When I left Ukraine, I moved to Hungary, where I stayed for a month. I had to leave because I couldn’t get a job there or afford their schools. So I decided to move to Germany to continue my education because if you can learn the German language, you can study for free in Germany.  When I moved there, I got a job. I love to cook, so I decided to work in a professional kitchen. I was making decent money and could afford everything I wanted to afford. But it was lonely. 

    What made it lonely?

    I don’t think I put any effort into making friends. There’s a difference between wanting to make friends and actually putting yourself out there.  I didn’t put myself out there enough, so I didn’t make friends. I had a handful of acquaintances, a roommate and two friends I made in Ukraine. But it was lonely because, at the end of the day, I didn’t have anyone close enough to me to share my struggles and my problems with. I felt alone. 

    Is that one of the reasons you left?

    Yes, I think so. If I had more friends around me, I could have gotten better advice because I don’t think moving to Nigeria was the best decision I could have taken at that point. The people around me at the time didn’t make me feel like I had other options. At that point, moving back felt like my only option.

    Did you ever discuss that decision with your family before you moved?

    Well, I told them about it, and they said it was fine. They believed that I was old enough to make that decision. 

    What has life looked like since you moved to Nigeria?

    I got to the airport, and I realised what I had done. I still remember feeling anxious at the time  but I’ve started adjusting to life in Nigeria.  I found my community here and  I’m also doing a lot of self reflection and discovery. I don’t have a job at the moment but I’m earning a little from  forex trading. Having free time on my hands makes it easier to reflect on where I’m at in life and where I want to be.

    I’m glad you’re figuring it out

    Oh yes. I’ve been going to the gym and reconnecting with a few of my  classmates from secondary school. We meet from time to time. My social life is much better now compared to when I was in Germany. I now have people I can talk to when I have issues. I have friends with whom I can go hiking. It’s not a bad life at all.

    Is there anything that took you by surprise after you moved to Nigeria? 

    I mentioned that I was 18 when I left. I’m 21 now, and I can’t believe how much the prices of things have skyrocketed. It’s insane, and that’s been a big issue for me. I feel like I was able to afford things more easily in Germany. Over there, it was easier to experiment with recipes because things were affordable, but now, I find it difficult to cook as much as I used to. I always find it crazy when  I calculate how much I  spend on ingredients alone.  

    I know. Was Ukraine any better?

    I was only there for two months, so I don’t have much to say about the country. Being a teenager in Ukraine was scary. I was so naive, and I made many mistakes.  But I  don’t like to dwell on those memories because they made me stronger.

    One thing I can say about Ukraine is that the Nigerian community there is much better than Germany’s. I was able to find a Nigerian community in the church and in my hostel. I got to form some nice bonds within the space of two months. Another thing is the weather—I  wasn’t prepared for how cold it was there and was still trying to adjust to it when the war started.

    What was the war like for you?

    I was in denial at first and decided to stay back despite my parent’s pleas. I stayed put till things got bad, and I decided to leave for Hungary. I stayed in a shelter when I got to Hungary. The Hungarian government helped and fed us for a bit, but they put out a notice saying they wouldn’t be giving people permits to stay in their country.  In the absence of a permit, some Nigerians in the shelter decided to seek asylum, but I didn’t want to do that. That’s when I moved to Germany, hoping to learn their language and study for free.

    So, did you ever learn to speak German perfectly?

    Not really. I only know enough German to get through the most basic conversations. 

    If you could go back in time, would you still move back to Nigeria?

    Probably not. I regret it, but I’m not going to sit with that regret. I can admit that it wasn’t the best decision, but I have moved past it. Now, I advise Nigerians who are considering moving back because of the lack of community to find a church or a gathering with people who practice whatever religion they belong to. You’ll find good people there, and It will help you on those bad days. In Germany, I had only one person around me, and that one person said things that drove me back to Nigeria. Something that wouldn’t have happened if I was surrounded by more good people.

    Do you have any plans to relocate in the future?

     I’m actually planning to leave the country this year. I want to go back to Europe to get my education. I’m content with my life here, but I don’t see myself raising children here.

    I’m rooting for you! On a scale of one to 10. How happy would you say you are right now?

    I’ll say 8.5. I just need one tiny miracle, and my happiness will be a perfect ten.


    Do you want to share your Abroad Life story? Please reach out to me here. For new episodes of Abroad Life, check in every Friday at 12 PM (WAT). 

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  • We’re finally in the month of love and lovers! Valentine’s Day falls on a Friday this year, so what better way to celebrate than to book a romantic dinner reservation for just you and your lover? 

    We’ve asked couples what packages they are looking forward to, and we have ten lovely dinner options for lovers on a budget who want to make the most of the weekend of love.

    Romantic Valentine’s Day Dinners in Lagos

    Zoe’s Bistro

    Credit: zoesbistro_ng

    Cost: ₦100,000

    Location: 3, Cooper Road, Ikoyi, Lagos. 33 Glover Road, Ikoyi, Lagos.

    Tucked in the La Cour Hotel in Ikoyi, Lagos, Zoe’s bistro promises a romantic candlelit table and a three-course gourmet dinner with complimentary wine, music and gifts.

    Contact: +2349120147745

    La Chaumiere

    Credit: @lachaumiere.lagos

    Cost: ₦100,000

    Location: 1384 Tiamiyu Savage, V. I, Lagos.

    Asake* is looking forward to a romantic dinner with her boyfriend at La Chaumiere. They’re offering a romantic dinner with a set menu along with live saxophone music to accompany the mood.

    Contact: 09151340000

    Indigo Bar

    Credit: @Indigolagosng

    Cost: ₦40,000 to ₦100,000 

    Location: 242B, Muri Okunola Street, VI, Lagos.

    Daniel* is excited to take his babe to the Indigo Bar for a budget-friendly Valentine’s dinner experience. The restaurant promises different Valentine packages at different ranges, so you can pick whatever suits your budget.

    Contact: 08052359793, 09059994118, 08057755755

     Vintano Hotel

    Credit: @vitanohotel

    Cost:  ₦75,000 – ₦105,000 

    Location: 5, Kayode Animashaun Street, Lekki Phase 1

    If you want to spend your Valentine’s in Lekki, Vintano Hotel has a very affordable couples buffet package that comes with unlimited water. Alternatively, you can get an intimate dining experience that comes with a four-course meal, a bottle of wine and some chocolates to delight your babe.

    Contact: 08023579600, 08167428562

    The Safron rooftop

    Credit: @Safronrooftoplagos

    Cost: ₦35,000

    Location: 57 Joel Ogunnaike St, Ikeja GRA, Lagos

    The Safron Rooftop Valentine’s buffet is a great way to celebrate with the love of your life while keeping your budget demure. They have a lot of delicious options on the buffet menu so you and the love of your life will be spoiled for choice.

    Contact: +2439066498862

    The SIG 

    Credit: @thesiglagos

     

    Cost: ₦90,000

    Location: 7/9 Molade Okoya Thomas Street, Off Ajose Adeogun, VI, Lagos

    The SIG’s warm ambience and gorgeous interior decor are sure to set the mood for your perfect Valentine’s dinner. The SIG has promised a night full of fun, laughter, games and prizes for each couple.

    Contact: +2348164025306, +2348033075627

    Bon Appetit

    Credit: @bon_appetite_lagos

    Cost: ₦100,000

    Location: 1384 Tiamiyu Savage, V.I, Lagos

    Bon Appetit promises a Valentine’s dinner to remember. The cost will cover a set menu, and while you eat, you’ll be serenaded by a talented saxophonist.

    Contact: 09151350000

    Romantic Valentine’s Day Dinners in Abuja

    Grand Pela Hotel

    Credit: @grandpelahotels

     

    Cost: ₦55,000 

    Location: Plot 649, Cadastral Zone B02, Durumi Area 1, Abuja

    Grand Pela Hotel will treat you and your bae to a romantic candlelit dinner with live saxophone music to turn those romantic vibes to the max. You have to make a reservation in advance, but it’s well worth it!

    Contact: 08176025992

    Kebabs & Kurries

    Credit: @kebabs.kurries.abuja

    Cost: ₦50,000 

    Location: 22 Ajesa Street, Off Monrovia Street, Wuse II, Abuja.

    Can’t make it for Valentine’s dinner? Grab your babe for a romantic late lunch at Kebabs & Kurries. The restaurant is offering a Valentine’s package that covers good music, a glass of wine and a platter of food of your choosing.

    Contact: 09090999993

    Tastia Restaurant

    Credit: @Tastiarestaurant_Nigeria

    Cost: ₦50,000 

    Location: Danjam Plaza, 1st Avenue, Gwarinpa

    The Tastia Restaurant in Gwarimpa, Abuja is offering a whole evening of fun. The package includes a three-course meal, a movie screening, unlimited cocktails, and a bouquet.

    Contact: 09164135773

    Don’t go to your Valentine’s date empty-handed, we’ve compiled a list of Valentine’s gift ideas you can choose from to make your celebration an even more memorable one.

  • Before they became superstars, selling out arenas and topping charts, some of Nigeria’s biggest music artists were just regular people hustling 9-to-5s. From banking to selling rat poison and from graphic design to hawking plantains, their pre-fame grind was anything but glamorous.

    Here’s a look at eight Nigerian music stars and the surprising jobs they held before making it big.

    Tems — Digital marketer demoted to personal assistant

    As of February 2025, Tems became a two-time Grammy award winner. In 2018, she had a 9-5 as a digital marketer, but she was later demoted. “I got demoted to a personal assistant,” Tems revealed in an interview with YouTuber, Korty EO. “I was bad at the job, but I tried my best though. I just couldn’t believe that was my job.” 

    Seven years after she quit that job, Tems won her second Grammy—the 2025 Best African Music Performance award.

    Mayorkun — “right above the help” at a bank

    Before Mayorkun became the “Mayor of Lagos” in 2015, he spent a year working at a traditional Nigerian bank. He once thought banking would be his career, but in a 2023 episode of Tea with Tay, he shared, “I didn’t even have a table or chair at work. If we ranked the staff, I was just above the office help. The day someone asked me to buy amala, I started rethinking my entire life.”

    iLLBliss — Went from banker to cleaner

    This story of iLLBliss is that of a guy who aggressively pursued his music dream during his 9-5 years. With a little cash and a dream, he took the Ifesinachi night bus to Lagos, worked in three banks in four years and rose from a trainee officer to an assistant manager within that period. The frustration after the Central Bank of Nigeria (CBN) liquidated the bank he worked for pushed him to japa to the UK. He juggled recording music and menial jobs like industrial cleaner, tunnel guard and security before Obi Asika met him at the Nottinghill Carnival in 2006. Asika encouraged iLLBliss to come back home and be part of the then-emerging Nigerian music scene.

    iLLBliss took the advice and started making music again in Nigeria. Look at him now: a Nigerian Hip-Hop OG.

    Adekunle Gold — Designed graphics

    In case you didn’t know that AG Baby is also the “King of Photoshop,” here’s your chance to fix up. Adekunle Gold made his first song in 2007, but he didn’t blow. To survive, AG capitalised on the Art and Industry Design he studied at Lagos State Polytechnic, working at Jumia and Konga before he became a graphic designer at Olamide’s YBNL. Fun fact: he designed the YBNL logo. In an interview with Premium Times in 2024, he stated, “What I initially had with Olamide was a purely business relationship.”

    But after he dropped “Sade” independently, his breakthrough song, he grabbed Olamide’s attention with his music and got signed to the same label.

    Timaya — Sold plantain

    Did you know that Timaya used to sell plantain before music fame? He did and even made a successful album off his personal-themed Plantain Boy album. This is one of the hustles you’d have to pick up while growing up poor in the streets of Bayelsa. If you’re curious about his full story, get familiar with the aforementioned album.

    Patoranking — Sold rat poison

    While Patoranking collected his Headies’ Next Rated Award in 2014, he reflected on some of the menial jobs he did to survive. “If I tell una say I don sell rat-killer before, una go believe [me]? If I tell una say I don do bricklayer before, una go believe [me]?” he said to the Headies audience that night.

    Today, Patoranking is not only credited with hit records but is also highly rated among the Nigerian artists of his generation.

    Reminisce — Sold shoes and clothes at Yaba

    When Reminisce still rapped purely in English and struggled to get active listeners and was deep in sapa, he said that he stalled his music career and opened a shop at Yaba market to sell sneakers and clothes to UNILAG boys. It took persuasion from 9ice to get him back to music. Reminisce was then featured on 9ice’s “Bachelor’s Life” which launched his second stint in music.

    Yinka Ayefele — did voice-over on Nnkan Nbe

    Before Yinka Ayefele had a life-altering accident in 1997 and became a nationwide Gospel music sensation, he was a radio broadcaster in the late 1980s. He worked with popular broadcasters, including the late Kolawole Olawuyi, whose Nnkan Nbe show featured Ayefele’s voice in its popular show tag, “Ha! Nkan Be.”

    We Made Our Own Cast of “Young, Famous & African” with Actually Young, Famous Africans

  • In 1998, this 53-year-old retiree took charge of her financial freedom with small, consistent investments. Over the years, she strategically grew her assets and positioned herself for an early, comfortable retirement. 

    This is how she made it work in Nigeria. 

    As Told To Aisha Bello

    Model not affiliated with the story. Actual subject is anonymous.

    I spent my entire career as an accountant in an insurance company, helping people plan for retirement. During my active years, I saw firsthand what happens when people don’t prepare early enough — the anxiety, the regrets, and the desperate attempts to stretch out insufficient pensions. 

    I was 26 when I received my first paycheck, and I never wanted that to be me.

    Also, I didn’t grow up rich. From a young age, I understood that if I wanted financial security when I was older, I had to build it myself. So, while most people were thinking about how to spend their salary, I was thinking about my retirement plans.

    That’s why, from my first paycheck, I made a non-negotiable rule: save and invest 40% of my income, no matter what.

    27 years later, I retired at 53 as a director, with a portfolio worth over ₦1 billion spread across real estate, stocks, bonds, forex, and fixed deposits. Over the next 20 years, I’ll also receive a monthly pension of ₦500,000.

    This didn’t happen by luck. It was the result of deliberate decisions, smart investments, and some hard lessons along the way.

    Breaking down my Retirement Portfolio

    Here’s what my assets look like today:

    Now, let’s talk about how I built each of these.


    Fixed Deposit: The early money move that made a difference (₦65M)

    In 1997, I started my career as an entry-level accountant, earning ₦16,000 per month. At this point, the Nigerian minimum wage was ₦450 before President Olusegun Obasanjo passed a new wage bill to give workers ₦5,500 in 2000. 

    At the time, I wasn’t investing; I was just saving aggressively. But everything changed when a friend at National Bank introduced me to fixed deposits. 

    That small decision laid the foundation for the rest of my financial journey. 

    My organisation had a unique payment structure: I received a portion of my salary monthly, while the rest was paid upfront at the beginning of the year. My basic salary (₦16,000) accounted for 60% of my total income (₦26,000 per month), while the remaining 40%, which covered housing and furniture allowances, was paid in bulk annually.

    In 1998, I decided to take a risk with my annual upfront salary, which was about ₦128,000. 

    Subsequently, I saved my annual upfronts in fixed deposits with the National Bank until the bank failed to meet the Central Bank of Nigeria’s capital requirement in 2002. The CBN took control, and three years later, the bank was acquired by Wema Bank. Afterwards, I made fixed deposits with different banks to grow my savings.

    Today, I no longer use banks for fixed deposits — except for VFD Microfinance Bank, where I’m a shareholder. Instead, I invest through asset management companies like Vetiva, FSDH and Anchoria because of their higher interest rates.

    For instance, GT Bank’s fixed deposit rate is 5.25% per year, and FSDH’s returns can be up to 10% per annum, depending on the investment amount.

    Right now, I have ₦65 million in fixed deposits and earn fixed interest annually.  

    Real Estate: My biggest asset class (₦500M)

    I’ve always believed that owning property is key to financial security in Nigeria. 

    In 2001, I bought my first property in Isolo, Lagos, for ₦7 million. When I sold it in 2008, its value had appreciated to ₦100 million, a 1328% increase. 

    In 2009, I bought a plot of land in Ajah for ₦3 million. Seven years later, I sold it for ₦45 million. The value skyrocketed because of rapid development in the area; new housing projects were being built, and the road network improved significantly, driving more people to rent homes there. 

    I currently own three properties in Lagos worth a combined ₦500 million and earn ₦10 million in rental income from each property annually. 

    FGN Bonds: My safety net (₦300M)

    I prioritise security, so Federal Government of Nigeria (FGN) bonds have always been part of my plan. And as an accountant, I’ve always known about them.

    FGN bonds are managed by the Debt Management Office (DMO), which allows the government to borrow money from citizens in exchange for interest payments. 

    Regular FGN bonds require a minimum of  ₦50 million, and these predominantly long-term investments range from three to fifty years.

    FGN Savings Bonds, which are short-term, offer a more accessible option. They have a minimum subscription of  ₦5,000 and a two- to three-year term. Once the bond matures, the principal is returned.

    With FGN Savings Bonds, I receive quarterly interest (coupon payments), while longer-term FGN bonds pay interest twice a year. At the beginning of every month, the government issues savings bonds for those who want to buy; the most recent interest rate was around 18%.

    My children also have FGN Savings Bonds, and they’re already earning passive income, with quarterly interest payments deposited into their accounts. Since they don’t need the funds, I reinvest their earnings to compound their wealth over time.

    To get FGN bonds, you need an agent. I have bought through GT Bank, FSDH, and Vetiva in the past, but I currently use Afrinvest. I reviewed their financials while working, so I knew it was safe to go through them.

    I hold both short- and long-term FGN bonds worth ₦300 million. 

    Foreign Exchange Investment: Beating inflation with hard currency  ($25,000)

    For foreign exchange investments, I use Zenith Bank and FSDH for fixed deposits and Vetiva for my Eurobond investments. This is different from online forex trading, where people actively buy and sell various currencies to make a profit. Forex trading is high-risk and requires active monitoring.

    I focus on foreign currency investments by depositing dollars in fixed-income instruments like Eurobonds and dollar-denominated fixed deposits. This protects my money from naira devaluation while earning a stable return.

    I started investing in forex two years ago when the naira started losing value. My initial investment of $23,500 has since grown by 6%.

    Stocks: Slow and steady growth (₦22M)

    I invested heavily in stocks until the 2008 stock market crash changed everything. The market dropped by at least 70%, and people lost their lives over the financial ruin. At the time, I had invested ₦500,000 and later bought rights issues worth ₦4 million to increase my shares. Rights issues allow existing shareholders to buy more shares when a company wants to raise capital.

    The Nigerian stock market has only recently regained some stability. After the 2008 crash, I stopped actively investing in stocks, though I held the ones I already owned. I still receive annual dividends from solid companies like GTB, First Bank, Flour Mills, Nestlé, and Transcorp Hotels. At this point, I’ve already gotten my initial investment and continue to earn from them.

    The only new stock I’ve bought recently is VFD Microfinance because I trust the company’s growth potential. I initially invested ₦5 million, then bought their rights issue for ₦8 million. 

    Today, my stock portfolio is valued at ₦22 million.

    Anyone interested in stocks can’t just walk into the Nigerian Stock Exchange (NGX) building on Lagos Island to buy shares; you need a licensed stockbroker. They handle buying and selling on your behalf. I used to use Meristem but now work with FSL Capital Limited.

    Pension: The passive income that gives me peace of mind (₦500K/Month)

    In 2004, the federal government introduced a new pension scheme that required me to contribute 8% and my employer 10% of my salary towards retirement. 

    I also had the option for voluntary pension contributions, which I locked into because it meant more pension income. Before this, we had a fixed system where every employee had to pay ₦4 monthly, while the employer added  ₦10. That didn’t do anything, but the new scheme meant my pension was directly proportional to what I earned in service.

    When it comes to pensions in Nigeria, you can either choose Programmed Withdrawal (PW) or  Annuity. With Programmed Withdrawal, you receive a set amount of money for a set period, say 10 or 20 years, after which the payments stop. 

    An annuity, on the other hand, is paid for life. When you opt for an annuity, your money is transferred to a life insurance company that administers income until you die. This type of pension is for life but can be transferable to living family members based on the specific terms of the contract.

    I opted for Programmed Withdrawal because, as an accountant, I prefer to have control over my finances. With an annuity, I’d need to transfer my entire balance to an insurance company and receive fixed payments for life. I don’t need any company to manage my money; I have the experience. With Programmed Withdrawal, my funds remain invested, and  I can still benefit from returns. 

    I now receive a monthly pension of ₦500,000 and will continue to receive that for the next twenty years. 

    In addition, I bought a personal pension plan from the insurance company where I worked. A year before retiring, I stopped the plan, took my money, and invested it in other assets.


    Investment Diversification: Not all eggs in one basket

    If a project requires funding, I liquidate some of my investments to finance it. Then, when I have more funds available, I’ll reinvest.

    But the rules are different with government bonds. If I invest in a two- or three-year bond,  I wait until maturity to access my funds. Although I can sell the bond, it’s not a liquid asset, and I won’t get my money back immediately.

    In contrast, fixed deposits with banks are more flexible. If I invest in a one-month fixed deposit, I can withdraw my funds at the end of the month or even before that if needed.

    I’ve had real estate projects that required funding, so I terminated some investments to finance them. Then, when I generated returns, I reinvested what I took out. 

    I believe in diversifying my investments, so I don’t put all my eggs in one basket. I mix fixed deposits, government savings bonds, real estate, and shares. I’m also into foreign exchange investments. If I decide to run a business now and invest some funds, that’s diversification.

    This way, I can rely on others for support if anything happens in one sector.

    My Two Cents on Investing For The Future 

    Economic challenges are constant – inflation, downturns, market volatility, and instability have always existed and won’t stop. Regardless of any economic downturn, you must plan and invest towards your retirement to ensure a secure financial future. My two cents:

    • Start early, no matter how small. 
    • The best time to start investing is with your first paycheck.
    • Prioritise investments over saving. Think of savings as money you can access anytime, but it doesn’t grow much. And investments as money locked for a period, earning higher interest.
    • When you save, your money sits in the bank, earning minimal interest, but when you invest, you put your money to work.
    • Don’t worry if the interest seems small at first; consistency is key.
    • Increase your investments as your income grows.
    • Aim to save at least 30% of your salary.
    • If 30% is too much, start lower and increase it gradually.

    Bottom Line

    Don’t be greedy about earning high interest rates. Explore low-risk investments, start investing early, be consistent, and aim to invest at least 30% of your income. 


    Editor’s note: This subject chose to keep her legal name and information confidential for privacy reasons, and Zikoko has verified her assets and earnings via income statements and necessary documentation.



    ALSO READ: I’m 22, and This Is How I Grew My Money by 29% in 2024

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  • Wake up, kids! The government of the United States (US) has dropped what might be the most soothing update of the month. Days after the news of the PEPFAR fund freeze shook the global health community, the US Department of State has announced an emergency humanitarian waiver that will exempt Nigeria and some other countries from the 90-day  halt.

    The announcement, which was made by US Secretary of State Marco Rubio,  on Wednesday, January 29, has been described as a welcome development by the Joint United Nations Program on HIV/AIDS (UNAIDS). It also called on US President, Donald Trump to “prioritize the U.S. Government’s leadership in the global HIV response to achieve the shared goal of ending AIDS.”

    Some context

    Started by former US President George Bush in 2003, The  President’s Emergency Plan for AIDS Relief (PEPFAR) is a humanitarian effort of the US government towards the control of HIV/AIDS.

    PEPFAR has saved an estimated 26 million lives since 2003, and with its generous $6.5 billion annual budget, it currently provides aid for 20.6 million people. However, on January 26, those lives were put at risk when Trump signed an executive order suspending US foreign aid (for 90 days), which translated to an automatic freeze on PEPFAR. News of the development caused unanimous chaos in Nigeria and other countries where the program provides funding.

    What does the humanitarian waiver really mean?

    The issuance of the waiver means that PEPFAR can now resume the distribution of HIV medication, but other specifics surrounding the waiver are still unclear. UK-based health news service Medical Xpress reports that “the freeze on other services, including the distribution of preventive drugs, is still thought to be in place.” The New York Times also points out that the nature of the waiver is unclear, adding that PEPFAR’s future remains “in jeopardy” as the waiver might be temporary.

    All clear for Nigeria?

    Ideally, everyone should be throwing a party now that the funding freeze has been lifted, but the unclear nature of the waiver and the uncertainty surrounding PEPFAR’s future make that impossible.

    For Nigeria, where PEPFAR shoulders 90 per cent of the HIV treatment burden and international donors are directly responsible for 96 per cent of the country’s HIV programs, the recent PEPFAR halt is an abrupt wake-up call, as a permanent freeze could painfully mean one thing— the endangerment of the 1.9 million people living with the virus in Nigeria.

    Nigeria’s National Agency for the Control of AIDS (NACA) has also expressed similar concerns. Following the news of the waiver on PEPFAR funding, the agency thanked the US government while noting that the coast was still far from clear.

    “The Nigerian government appreciates the U.S. government waiver and is mindful of the potential change to foreign aid in the near future under the new administration,” Temitope Ilori, director-general of NACA, said.

    “The Nigerian government would intensify domestic resource mobilization strategies towards ownership and sustainability of the HIV response in the country with a view to reducing the risks of donor aid policy shifts to the HIV response while ensuring that the country’s strategic goals and targets in the fight against HIV are achieved,” she continued.

    While the reflection of the NACA DG sounds nice, a potential PEPFAR funding cut is not the only thing the Nigerian government has to wake up to; it also has to come to terms with the possibility of facing Nigeria’s malaria problem on its own as the  US Agency for International Development (USAID) also provides funding for elimination of Malaria in Nigeria, which accounts for the highest number of malaria cases in the world.


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  • Boys and girls, I know the phrase I’m about to say is almost as extinct as the dinosaurs, but I come bearing good news from the Federal Government (FG) of Nigeria.

    What’s going on?

    On Thursday, January 30, the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, announced the launch of the DeepTech_Ready Upskilling program, an initiative of his ministry aimed at equipping Nigerian youths with foundational and advanced tech skills that’ll make them competent professionals in Artificial Intelligence (AI) and Data Science.

    The program lasts six months and is hybrid— self-paced online (with online support) and on-site.

    Will I have to pay to partake in the DeepTech_Ready program?

    No, just like the 3 Million Technical Talent (3MTT) initiative of the Ministry of Communications, Innovation, and Digital Economy, this program is free.

    What courses will I learn?

    The DeepTech_Ready Upskilling program promises to take applicants on the following specialities:

    • Advanced Data Analysis and Visualization
    • Data Science/Machine Learning
    • Data Architecture
    • Geospatial Data Science
    • Computer Vision
    • Natural Language Processing
    • Advanced Machine Learning Techniques

    Am I eligible for the program?

    According to the website, the DeepTech_Ready Upskilling program is “open to 3MTT Fellows and individuals with basic to intermediate knowledge in relevant technical fields.”

    How can I apply?

    The application process is pretty straightforward— You will have to click on the website to get started. Once on the website, you will immediately see the “Apply” button which leads you to the “Sign Up” page, where you see the option to apply either as a fellow (learner) or an Applied Learning Cluster (organisation).

    The required data for registration varies for each option; while the fellows/learners are only required to input their National Identification Number (NIN) and email address, Applied Learning Clusters/Organisations are required to provide the following: Organisation name, Point Of Contact’s details  (name, email, and phone number), Organisation Type, state of the training centre, and Local government.

    Aiming to reach 20,000, the DeepTech_Ready Upskilling program is facilitated by Data Science Nigeria and powered by Google as part of its ₦2.8 billion grant to upskill Nigerian youths with advanced technical skills in Data Science and AI.

    The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, also notes that the initiative is part of his ministry’s broader goal to strengthen “the 3MTT initiative of the Nigerian government.


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  • When it comes to whisky, no one crafts it quite like the Scots. Known for their centuries-old tradition of excellence, they’ve created a spirit that’s as versatile as it is delicious. Monkey Shoulder is a whisky that not only honours that tradition but flips the script with a playful, modern twist. Whether you’re a seasoned whisky lover or just starting your journey, Monkey Shoulder is the perfect addition to your bar.

    Why Monkey Shoulder Stands Out

    Monkey Shoulder is whisky made for mixing, and its flavor profile makes it the go-to base for creative cocktails. Balanced, smooth, and non-smoky, it complements classic drinks like the Old Fashioned or Highball while shining in exotic creations like a Piña Colada. It’s the muse for cocktail lovers, sparking inspiration and delivering a love-at-first-sip experience.

    And the best part? It’s affordable, proving that premium doesn’t have to mean expensive. It’s no wonder Monkey Shoulder has become a favourite among discerning drinkers who appreciate quality, versatility, and fun in equal measure.

    Whisky Meets Playful Escapism

    Monkey Shoulder isn’t just about great whisky—it’s a lifestyle. The brand’s playful, adventurous spirit comes to life in its iconic Made for Mixing Press Play concerts. These high-energy events bring together live DJ sets, thrilling games like FIFA tournaments, and unforgettable artist performances, creating a space where the grind of everyday life takes a backseat. It’s about playful escapism —no stiff rules or formalities here.

    Whether you’re dancing under the lights, challenging friends to a game, or sipping on a perfectly crafted Monkey Shoulder cocktail, Press Play embodies everything the brand stands for: an escape from the ordinary.

    Make It Monkey

    Ready to shake up your routine? Grab a bottle of Monkey Shoulder and discover why it’s a staple for whisky drinkers everywhere. Perfect for hangouts with friends, cozy nights with Netflix, or your next cocktail experiment, it’s a whisky made to fit seamlessly into your lifestyle.

    Want to learn more? Visit www.monkeyshoulder.com and join the #MadeforMixing family.

  • A wise man once said, “If they explain Nigeria to you and you understand, they didn’t explain well” – by the time you read this article to the end, you’ll be able to confirm that no truer words have been spoken in the history of mankind.

    Some things don’t make sense about Nigeria, especially some of the “empowerment” initiatives our politicians have pulled off in recent years. From “stomach infrastructure” to bleating goats, here’s a list of the weirdest things Nigerian politicians have done in the name of empowerment (warning – prepare to lose two brain cells per paragraph).

    Goats (Kano state)

    We are used to Nigerian politicians offering women the barest minimum masked as empowerment programs. But I’ve never imagined we’d see a day when a politician would empower women with goats – three bleating goats.

    On Tuesday, January 21, the Kano government distributed 7,158 goats to women in rural areas to improve their “economic well-being.” Each beneficiary got two female goats and one male goat (because reproduction is key), which the government hopes will turn into a goat empire in the future. The interesting part about this empowerment project is that it cost ₦2 billion. 

    Ropes (Benue state)

    When people say, “It’s the little things that count”, Benue state politician Hon. Daniel Ukpera must have assumed that includes ropes, too. 

    In 2020, Ukpera thought the best way to support the goat-rearers in his community after then-Governor Samuel Ortom banned open grazing was to donate ropes. If you haven’t made the connection yet, the ropes were supposed to help the goat-rearing community keep their goats in check. We stan a thoughtful king.

    Oranges and shoe polish (Borno state)

    In 2018, the former Borno State Commissioner for Higher Education, Usman Jaha, generously distributed “welfare” packages containing shoe polish, oranges and other items to youths. When people called him out on his interesting act of generosity, he said he “empowered youths based on their peculiar needs”. He has a point because nobody likes a dusty shoe or a vitamin-deficient body. 

    Donkey (Kano state)

    If you thought a goat empowerment scheme was the worst thing that has happened in Kano, think again. In 2020, Murtala Gwarmai, senior special assistant on youth development to the state’s former Governor, Abdullahi Ganduje,  “empowered” about 40 youths with donkeys, building blocks, roofing sheets, motorcycles, bicycles and other items.  In his defence, that’s what the youths asked for. 

    Rice (Ekiti state)

    Rice has been the solution to every Nigerian problem since 2015, when Ekiti State’s former governor, Ayo Fayose, started his “stomach infrastructure agenda.” While the agenda lasted, he shared everything from rice, milk, groundnut oil, beverages, and stock cubes because “developed society” is for those who have finished eating. 

    Why does this matter?

    As ridiculous as these empowerment programs sound, they gulp billions of naira yearly. In the 2024 budget, for instance, the federal government reportedly allocated N732 billion to vague empowerment programs that were difficult to track. For a country that owes over N130 trillion, this trend contributes to the economic challenges regular Nigerians face.  The amount of money the government spends on these programs can impact real lives if they are channelled to better empowerment schemes across significant sectors like education, agriculture and technology. In the words of another wise Nigerian – why give people goats and rice when we can equip them with the skills and resources that are more sustainable in the long run?


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  • Photo credit: Gatefield

    Way before deep fakes became a cause for concern, journalism in Nigeria was already on trial. Fake news and propaganda often managed to go viral, amassing unbelievable numbers of views and reshares. From health myths to divisive political narratives, misinformation has repeatedly caused panic, tension, and even harm in real life.

    To remind you of the importance of fact-checking before sharing any piece of information, here are five outrageous lies that sparked chaos both online and offline.

    Ebola Salt Water Myth

    During the 2014 Ebola outbreak in Nigeria, a dangerous rumour spread, claiming that drinking or bathing in salt water could prevent the contraction of the disease. This misinformation, reportedly attributed to so-called “prophets,” led to mass panic. People rushed to drink concentrated salt solutions, leading to cases of dehydration, stomach issues, and even death

    The chaos remains a stark reminder of how misinformation can worsen public health crises, turning fear into harmful actions.

    The Fibroid and Women’s Sexuality Myth

    This harmful myth suggested that fibroids—a common health condition in women—were caused by sexual activity or “immorality.” The myth ultimately gained traction online, perpetuating harmful gender stereotypes and creating a stigma around women’s health.

    While medical professionals have debunked this claim multiple times, its persistence shows just how misinformation can distract from scientific facts and fuel shame, making it harder for women to seek proper medical care.

    COVID-19 Vaccine and the 5G Conspiracy

    During the COVID-19 pandemic, conspiracy theories flooded the internet, with one of the most bizarre being the claim that 5G technology was responsible for the virus. Coupled with false narratives that the vaccines were a form of population control, this wave of misinformation fueled widespread vaccine hesitancy. In Nigeria, this directly impacted vaccination rates and undermined public health efforts to curb the virus’s spread.

    Conspiracy about Igbos taking over Lagos

    During the 2023 general elections in Nigeria, a viral narrative accused the Igbo community of plotting to “take over” Lagos. This baseless political misinformation stoked ethnic tensions, deepening divides in a nation already grappling with unity. The fabricated narrative was amplified by partisan social media users, leading to real-life confrontations that led to injuries and online hostility that persisted even after the elections. 

    Fake Health Remedies for Serious Illnesses: Miracle Mineral Solution

    Miracle Mineral Solution (MMS) was touted as a cure for various serious illnesses, including HIV, cancer, and recently, COVID-19. MMS is essentially an industrial bleach known chemically as chlorine dioxide. This narrative was cleared by US Food Drug and Administration and NAFDAC.

    How to Spot and Combat Misinformation

    Navigating today’s digital landscape requires critical thinking and vigilance. Here are actionable tips to help you avoid falling for fake news

    1. Check the Source: Always verify whether the information comes from a credible, established source.
    2. Cross-Reference Facts: Look for confirmation of the claim on other reliable platforms or from experts.
    3. Look out for emotional manipulation: If a post seems designed to provoke anger, fear, or outrage, pause and question its motives.
    4. Avoid Sharing Without Verification: Resist the urge to reshare information until you’ve confirmed its accuracy.

    Misinformation thrives when people fail to think critically about the content they consume and share. By actively questioning and fact-checking, you can help curb the spread of fake news and foster a more discerning digital culture.


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