Rethinking the ‘Japa’ Dream: Media Mogul Dele Momodu Advocates for Local Opportunities
Media titan Dele Momodu has sparked a crucial conversation about Nigeria’s emigration trend, challenging the popular ‘japa’ (migration) mindset by highlighting untapped domestic opportunities and the often-overlooked challenges of life abroad.
During a revealing interview with Teju Babyface, Momodu emphasized that a capital of ₦30-40 million could launch a successful business venture in Nigeria, offering a viable alternative to overseas relocation. He presented a compelling case for local entrepreneurship, suggesting various business possibilities from commercial enterprises to agricultural investments.
Drawing from his extensive international experience, Momodu offered a sobering perspective on expatriate life. He particularly emphasized the financial burden of maintaining a household abroad, warning that the initial excitement of relocation often gives way to harsh economic realities.
“The attraction of staying abroad is that when you go on vacation, everyone welcomes you. You’re staying with your family in a free house,” Momodu explained. “The day you carry all your children to another man’s house and he knows you’re not leaving in a hurry, you’re going to see the difference.”
He specifically cautioned about the perpetual financial pressure of overseas housing costs, stating, “The day you rent your own house, that is the trauma you’re going to carry for almost all the rest of your life.” He emphasized the unforgiving nature of foreign economies with his memorable warning: “No mercy abroad.”
Addressing common concerns about investing in Nigeria, Momodu challenged the notion that ₦30-40 million is insufficient for establishing a successful life in the country. He stated emphatically, “If you had ₦30-40 million in Nigeria and you think you’re a poor man, I beg you, you’re a mad man. You have ₦30-40 million and you can’t set up a proper business in Nigeria? I beg you, think again.”
On security concerns, Momodu provided a global perspective, referencing the tragic loss of 3,000 lives in a single day in New York while noting that Americans remained committed to their country. He suggested that private security arrangements are viable options in Nigeria.
For those concerned about food security, Momodu pointed out that ₦30 million could fund a substantial agricultural venture, including cattle ranching and other farming initiatives.
While acknowledging that overseas opportunities can be beneficial, Momodu’s insights serve as a crucial reality check for potential emigrants. His message emphasizes the importance of careful consideration before making life-changing migration decisions, suggesting that domestic opportunities might offer more sustainable paths to success than many realize.
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