Move Back to Nigeria: “It’s Easier to Move Up the Corporate Ladder in the West than in Nigeria” – Read Samson Esemuede’s Story

Posted on Friday, June 14th, 2013 at 10:22 AM

By Titi Adanne Owoyemi

Move Back to Nigeria is a new series on BellaNaija. The aim is to encourage young and not-so-young professionals in the diaspora who are trying to make the decision of whether to move back to Nigeria. In collaboration with the brilliant team at MoveBackToNigeria.com, we hope to bring you a weekly interview with individuals who have successfully made the leap. The idea is to share their successes and their challenges as they made the decision.

A lot of Nigerians in the diaspora have questions about making a change at home in Nigeria. Many suggest really good ideas on how to make things better; others would like to contribute to making a difference back home but are just not sure where to begin. This week, MBTN is looking at the other side of the story. In this chat with a Samson Esemuede, a young finance professional, who says he’s not quite ready to move back to Nigeria. He shares insight on his own experiences and his hopes for Nigeria in the near future. We hope you enjoy his story as it helps to have a balanced view on both sides of the coin.

Tell us about yourself
My name is Samson Esemuede, and I’m a young Nigerian Finance professional living in the UK. Like most Nigerians within my peer group, I came to the UK post my secondary education to pursue my Advanced Level studies.

What happened next?
I had planned to study medicine but for inexplicable reasons, my medical school applications were unsuccessful despite having the requisite grades to undertake the course. Whilst I was very passionate about becoming a doctor, waiting another year to go through the application process again meant that I would run into visa issues. I was then advised to study an advanced science degree making me eligible to apply for the shortened post-graduate medical degree program. I subsequently applied to the University College London (UCL) department of Biochemistry and Molecular biology and was admitted into the Biochemistry Bachelors program.

UCL is a highly rated UK university. What was it like for you to study there?
I regard my time at UCL as the best three years of my life. As you may know, it is one of the most secular universities in the UK dare I say globally, with an extremely diverse student body. I met a lot of very intelligent and interesting people there, many of whom I am still in touch with till date. I couldn’t recommend UCL strongly enough to anyone thinking about studying there.

Great! Your undergraduate degree was in Biochemistry, how then did you end up becoming a Finance Professional?
That was a complete accident as at the time my knowledge of banking was limited to the high street model. I thought banks served primarily as a safe place to hide your money. My interest in investment came from interaction with friends at University. These guys were clearly more switched on than I was in terms of career options and they talked about this career in the city where one can earn starting salaries higher than other career options. I do not think there is a better way to interest a young ambitious Nigerian than to tell him about a career with a high pay potential. I thereafter did some exploratory research and the more I read, the more confused I became, so I decided to apply for an internship. Clearly the fact that it was a handsomely paid internship (at least so I thought at the time) made that decision relatively easy bearing in mind I was still very much interested in becoming a doctor.

I applied to a number of finance institutions directly and also applied to a programme called the Sponsors of Education Opportunities (SEO), a non-profit organisation which helps students from ethnic minorities get into Finance. As part of the selection process, I did a couple of interviews and practical assessments, and was fortunate to be successful, as I had very little finance knowledge or experience. Once I had successfully completed the selection process at SEO, I was offered a place on the coveted internship program at Deutsche Bank.

Congratulations! Deutsche Bank is one of the biggest Investment Banks in Europe. How was your experience on the program?
Brilliant! For my internship, I was placed on the Convertible Bonds Trading Desk and the Special Situations Group. I had limited Finance knowledge, so my priority was to learn as much as possible. I networked extensively and spoke to as many people as possible, to get a rounded experience. My day to day tasks involved assisting the team with transactions such as bond issuances, helping to put together day to day market commentary, grabbing coffees for senior bankers as required (trust me this puts you in their good books), or other general admin tasks. The coffee rounds must have paid off as I was offered a full time position on the graduate programme following the internship, and from then on my medical ambitions started to die a natural death.

Sounds good! What was it like on the Deutsche Bank Graduate Program as opposed to the undergraduate internship?
It was fantastic! It brought the brightest minds from top universities globally into arguably the most comprehensive training program on Wall Street. It was a global scheme, so I got to meet colleagues from different cultures and with varying levels of experience. I built an enormous global network which I think is invaluable and comes in very handy. The graduate program also gave me the opportunity to move across business areas. I moved through 4 different areas during the program and ended up as an institutional salesman on the Emerging Markets team.

Interesting. What does your job as a salesman on the Emerging Markets team entail?
My job function has 3 dimensions. First, I provide an interface between the bank and Portfolio Managers whose mandate it is to invest in Emerging Markets. Second, I work with our Equity Capital Markets team on the distribution of primary issuances into the market (IPO or a Secondary offering) and finally I work closely with research analysts to generate and implement the best ideas to help Portfolio Managers achieve positive risk adjusted returns.

As part of Emerging Markets, are the Nigerian Markets a focus?
Yes. As a matter of fact, a lot of portfolio managers now find the Nigerian markets interesting. Oil prices are high, the banking system has been cleaned up, public debt dynamics looks optically favourable and investors are excited about the demographic dividend given 70% of the population is below the age of 30. In the last 2 years, I have seen a record number of investment funds set up to tap into the opportunity this presents.

So what are your views on the future of the Nigerian Stock Market?
In the short term, I think the equities investment landscape is challenging because the banking sector (which has been the main driver of performance in the market) is close to peak profitability. I believe the ability to continue to grow profits is hindered by structural issues. By that I mean lack of trust infrastructure, regulatory hurdles (i.e uncertainty surrounding the petroleum industry bill) and political uncertainty such as the presidential elections in 2015. In my view, unless these uncertainties are removed or reduced, the ability of the banking system to increase credit penetration which will be the primary driver of earnings for that sector is limited. Another sector that has been of interest to investors and which is a large part of the index, is the consumer sector, especially the subsidiaries of western brands such as Unilever and Nestle. These are obviously very successful companies, however due to high investor demand, shares in these companies are not cheap anymore and I do not think the growth outlook justifies the multiples investors are currently willing to pay.  In the long term however, there is potential in the Nigerian equity markets if economic growth rates remain robust and the price of oil stays high. Although I believe investors may be getting too excited too quickly.

Thanks for the detailed information. You have worked in the UK for about 5 years, do you have any plans to move back to Nigeria sometime soon?
I have had a fantastic career at Deutsche Bank so far and I am very happy here. Over the last 5 years I have been promoted at every possible opportunity and I’m currently a Vice President. However, anytime I arrive at MM Airport Lagos, I cannot help but feel at home as something awakens in me when I set my foot on the motherland.  Therefore in the medium to long term, moving back home might be something for me to think about, but definitely not now.

Why not now?
From what I have observed, a lot of people have moved back not necessarily by choice. For instance, with the new visa rules in the UK, many students who would have liked to remain here to gain work experience have had to move back because they were unable to find companies to sponsor their work visas. There are also others who began their careers here and had to move back because they lost their jobs, e.g. in a redundancy situation. In my case, I haven’t been put in such a position just yet, even though at the back of my mind, I feel there is a good chance that I will not be retiring in the UK.

I also strongly believe that it’s easier to move up the corporate ladder in the West than in Nigeria. As previously stated, 5 years ago I started at the bottom of the food chain as an analyst and today I am Vice President within the emerging markets team. I stand to be corrected but I struggle to think I will be able to enjoy the same level of vertical progression had I begun my career in Nigeria. I also do not think I will have the same level of responsibility I currently have today if I had moved back 5 years ago. So you see, these are a few of the reasons delaying a decision to go back and perhaps explains why only a few people voluntarily do so.

Fair enough. Moving on, would you like to share your thoughts on the current state of affairs in Nigeria particularly compared to say, a decade ago?
Whilst I believe Nigeria is in a better place today than it was 10 years ago, there are a lot of structural issues to be resolved. The Nigerian economy in the last 10 years has been helped by sustained increase in the price of oil which has helped mask some structural issues.  Not wanting to go into obvious details, the long and short of it is that Nigeria has weak institutions. The public sector is plagued with chronic inefficiency amongst other issues.  Whilst there are some bright spots within private institutions, they are still too insignificant to single handedly power the country’s economic growth. Besides, you need strong public institutions to create an enabling environment for private sector activity so it is a symbiotic relationship really. The negative effect of such weak institutions is that it prevents the country from reaching its full potential. I have no doubt that Nigeria can produce the next Bill Gates, Albert Einstein or Mark Zuckerberg, however the type of institutions we have limits this sort of success stories.

You clearly have strong opinions in this regard. We also hear a lot of Nigerians in the diaspora talk about the issues facing the country, but surely, foreign based Nigerians have a stake in fixing these issues?
In theory yes. However, in reality it is difficult to contribute to the solution without physically being on the ground. Many foreign based Nigerians do not live abroad just because they love their host country more than the motherland; many simply believe they get better opportunities there. At the end of the day, humans respond to incentives and if there are no incentives to attract Nigerians back home, then it will never happen. While many diasporans are patriotic and want to go back, I do not think people decide to move back out of sheer patriotism. They need to see opportunities that provide them with gains e.g. financial, developmental, growth etc. If the country wants to see more of its brains come back, they need to create some sort of enabling environment. May I state that whilst I don’t think these institutions can be fixed overnight, we just need to see the willingness of policymakers and stakeholders to make a change. There has been some progress, but in my opinion too slow.

In terms of progress, what are your thoughts on the proposed Petroleum Industry Bill (PIB)?
This is not an area of expertise for me but I will offer my 2 cents as an observer. Is the PIB a perfect document? No. Although, how ever ill-designed it may be, it will not be as bad as the very unfavourable legal framework that governs the industry today. So I think they should go ahead pass the bill into law and remove the uncertainty that is currently plaguing the industry. At the very least we will see increase in local content which I think is very desperately needed and new capital deployment following the removal of regulatory overhang.  At the end of the day the outlook for Nigeria’s fiscal spending, at least in the short to medium term, is heavily dependent on the ability of the nation to grow production, especially if the now widely held view that we have seen the best of oil price appreciation is correct.

What about the President? Do you think he is doing an effective job in trying to make the country more attractive to Nigerians in the diaspora?
I think you can judge the character of a person by the quality of people they are surrounded by. Looking at the quality of ministers in the cabinet today, it is fair to think positively about his intentions. However I am not sure to what extent his future political ambition is affecting the speed of his reform agenda.

On a final note, what will it take for you to move back home in the near future?
Nigerians in diaspora are part of a highly skilled global workforce which means they have access to opportunities in a lot of countries.  I believe each opportunity will be evaluated based on its unique challenges and rewards. Nigeria of course presents its own challenges but that also presents with enormous opportunities. I wouldn’t say I would move back tomorrow but I do believe any opportunity that comes my way will be evaluated within this risk and reward framework. What wouldn’t happen however, is that I move back in the hope that the world of opportunities will be open to me on arrival.

Thanks for your time and best wishes moving forward.

_____________________________________________________________________________________
Movebacktonigeria.com is the fastest growing online community of Nigerian professionals living, studying and working in Diaspora. Our primary objective is to connect Nigerian professionals with various opportunities in Nigeria, ranging from recruitment drives to information & support regarding relocation processes and financial & tax advice. We also feature social interest topics such as what’s on, where to live, how-to survival tips and so on. We consistently engage with and feature young Nigerian professionals in our weekly interviews and also regularly publish social interest articles relevant to the general public. We welcome everyone to our online discussions & fora and also invite you to air your views & suggestions on topical and trending matters.’ For more information and further inquiries, please contact titi.owoyemi@movebacktonigeria.com

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  • 61 Comments on “Move Back to Nigeria: “It’s Easier to Move Up the Corporate Ladder in the West than in Nigeria” – Read Samson Esemuede’s Story”

    Comments
    • Sade June 14, 2013 at 10:42 AM

      Very very very very balanced view. Bravo for them. What I have been able to achieve in 2 years. 2 years o, I wont achieve that in Nigeria. That is a sad fact because I worked fro 2 and a half years before I went for my Masters. So, I am happy to read about the other side of the story. This i give Kudos to the move back to Nigeria team. Some of us don’t have any intentions to and I am happy that he was honest about it. You talk to some people and they jsut try to make you feel guilty or use emotional blackmail without telling you the reality on ground. To succeed in 9ja u need a lot of connections, if you don’t have it, if you like work for Goldman Sachs in New York, it will mean nothing. Well done Samson, Lord bless your hustle

    • Tolu June 14, 2013 at 10:58 AM

      Bros are you single :-)

      • Pd June 15, 2013 at 7:00 AM

        You no wan carry last! …….lol

    • X-factor June 14, 2013 at 11:12 AM

      WOW!…(Some very realistic assertions here)…This is perhaps one of the most intelligent interviews i have ever read…This dude is sure a VP material….

    • Berry Dakara June 14, 2013 at 11:13 AM

      Well done to MBTN for presenting differing, honest opinions.

      I don’t believe that all Nigerians should move back, as it is not for everyone. Some people are willing to trade security, healthcare, education for the money that can be made here. Others aren’t.

      Nobody should be put down if they would prefer to live and die outside Nigeria. Everyone’s journey is different. I have friends that have moved back and thrived. I have friends that moved back and hightailed it after a few months.

      Me sha, I’m still trying to “find” this apparent money that’s to be made in Nigeria *rolls eyes*

      :p

      berrydakara.blogspot.com

    • bimbo akinbo June 14, 2013 at 11:54 AM

      hmm,good work.hmm

    • lala June 14, 2013 at 12:28 PM

      we have alot of nigerians in diaspora around the world.let them stay out and create space for the masses in nigeria to accomodate the country.talk of decongestion.how come nobody ever looks at it that way.

      • Toyin June 14, 2013 at 1:42 PM

        um really? Are you really looking for an answer to this?

    • sexy mama June 14, 2013 at 12:43 PM

      so impressed with his balanced views……am tired of people shoving patriotism in your face and talking about moving back home without any visible signs of opportunities…even back in Nigeria some ple are treated like 2nd cos some ple riddle us with stories of Nigerians who are suffering back home doesn’t mean we don’t have those equally doing well…the truth is you can never totally feel at home somewhere else but i dare say if i am 90% why should i be forced to come back just to show people am patriotic? my take on moving back is aptly captured by his words “”What wouldn’t happen however, is that I move back in the hope that the world of opportunities will be open to me on arrival”"”.

    • sexy mama June 14, 2013 at 12:50 PM

      **correct version please** I am so impressed with his balanced views……am tired of people shoving patriotism in your face and talking about moving back home without any visible signs of opportunities…even back in Nigeria some ple are treated like 2nd class citizens cos they have no connections or are poor…..so cos some ple riddle us with stories of Nigerians who are suffering in diaspora doesn’t mean we don’t have those equally doing well…the truth is you can never totally feel at home somewhere else but i dare say if i am 90% why should i be forced to come back just to show people am patriotic? my take on moving back is aptly captured by his words “”What wouldn’t happen however, is that I move back in the hope that the world of opportunities will be open to me on arrival”””.

    • slice June 14, 2013 at 1:42 PM

      dude why you no show your ring finger na? you know say babes wan know whether chance dey

    • mee June 14, 2013 at 1:50 PM

      hmm this is good. All them UK people trooping back home, lol .I need the next flight too :).

    • obitalk June 14, 2013 at 2:25 PM

      defn one of d best interviews for me too. i love the honesty and his said it all.

    • 5'5 June 14, 2013 at 2:27 PM

      Good for him.

      I totally agree when he says you wont make VP in NIgeria in 5 years. I work in a bank like Deustche here in Nigeria and most VPs are in their 40′s and 50′s. In the branches outside of Africa, VPs and Directors are in their 30′s and 40′s max. Shows how much our attitude hamper growth.

      If things are working out for you elsewhere, by all means, stay. Do not however stay when nothing is working out for you and you do petty jobs and lets say perhaps you have a master. thats the same degree of underumployment we have in NIgeria anyways, why not come home and see if you find something better.

      • Guys Perspective June 14, 2013 at 3:28 PM

        FYI, not to sound mean, I do not think you work in a bank like Deutsche Bank in Nigeria, because that simply does not exist in Nigeria, just my two cents.

      • kd June 14, 2013 at 7:16 PM

        Not to sound like im hating or anything. I dont believe this man. A VP in 5 years in the UK of all places again and a black man for that matter. And if he is really what he claims to be, then why cant I find any info about him in regards to his status online. I got really curious about him reading his success but didnt find anything on him except that his a CFA. I admire his intelligence and all but I see no need to inflate credentials. Just my personal opinion. Just as you wont be made a VP of MD in naija in 5 years is the same in the western world unless your father owns the company or something.

        • Two Cents June 15, 2013 at 10:12 AM

          Have you checked him out on linked in. He is a VP and it is possible if you work hard here..

        • Anonymous June 15, 2013 at 11:18 AM

          Em…..check his LinkedIn…yes he is..and you sounded so intelligent..saddens me..

        • kd June 15, 2013 at 10:31 PM

          Yeah right, like people dont lie on Linkedin….See, I have seen enough lies on resumes especially here in the western world where people will say all and inflate for jobs. So Im sorry if I sound off but I doubt until I see with my eyes. These r my opinions and u have to respect them regardless of what you feel

        • kd June 15, 2013 at 10:41 PM

          Well, coming to think about it. God can lift people so let me cool down..In as much as I have seen people lie about themselves, I have also seen God promote people greatly beyond human comprehension. Im really not a hater and dont believe in hating cause it take you no where. I was just shocked. Let me tap into this mans blessing as I aim for Harvard Business School next summer

        • kd June 15, 2013 at 10:44 PM

          But for me mehn, Nigeria all the way oo. Cant stay in this western world. Def not for me.. Cant handle it…Gotta come back to my naija. Even afraid to work here before I find myself stuck in the system

        • Methinks June 16, 2013 at 1:23 AM

          He said VP of a team! Not VP of the entire bank!! The team may consist of 5 or ten people. Doesn’t matter; its still a team!

      • Barclays boys June 14, 2013 at 10:30 PM

        Lmao

    • nnenne June 14, 2013 at 2:43 PM

      ‘What wouldn’t happen however, is that I move back in the hope that the world of opportunities will be open to me on arrival.’ This sums it all. i love the honesty in this interview.

    • Guys Perspective June 14, 2013 at 3:43 PM

      Thumbs up to you Samson, and this interview was very detailed. I get the same question everyday from friends who have moved back home. I work in Consulting (Yankee) and I do not make Deutsche Bank VP type of money, but I am very comfortable. Everyone talks about making money in Lagos, but when you tell them to explain how they make money it becomes very fuzzy. I may not be #Parkview chilling or #Lekkipimping, but I enjoy the perks of my job, right now based on my travelling to client locations, I have enough travel miles and hotel points to give future wifey an amazing honeymoon anywhere in the world, I have access to good healthcare and the likes, and I can afford to buy the occasional ipads and iphone for my siblings.. I would not just wake up one day and give all this up because I envy my friends in high places, the funniest part was that people in Nigeria lie so much about their salaries, whereas most times in this part of the world our wages are mostly public information. Will I live in the US for the rest of my life, maybe not, but those who have moved back home should stop asking us “the when are you moving back question, again and again.”

      • Eve June 15, 2013 at 6:52 AM

        You just said the truth. I totally agree with the fact that what he accomplished in 5yrs here, he wouldn’t be able to do in Nigeria.

      • Chi June 15, 2013 at 1:26 PM

        Guys Perspective, will you marry me? I am ready for that honeymoon oh!

    • Onesavvydollar June 14, 2013 at 4:56 PM

      This was a great interview!!! He echoes my sentiments exactly.

    • Agape June 14, 2013 at 7:05 PM

      Kudos to you, Samson! You are one intellectually sound and articulate individual. Brilliant interview!!!

    • Girls Perspective June 14, 2013 at 7:27 PM

      Nice one Guys Perspective. #the funniest part was that people in Nigeria lie so much about their salaries, whereas most times in this part of the world our wages are mostly public information. Will I live in the US for the rest of my life, maybe not, but those who have moved back home should stop asking us “the when are you moving back question, again and again.”# Some people can lie for west africa. Chai! they lie about their salaries ehn, u go wan work for the bank.

      A pal of mine works in diamond bank and told me she earn’s half a million naira monthly (in her first year oooo). but she calls me everytime to buy her free clothes, free make up, give her $100 etc. shoooo idiot wey dey make half a million monthly oo… meen i deleted off my bb sharp sharp. ewu!

      • enkay June 16, 2013 at 6:12 AM

        lol, and after collecting all the free stuff, ur friend will still tell people that u r not doing well or doing petty job abroad. her own salary is for building houses while urs is for buying her free stuff. deleting was #the best decision#

    • Me June 14, 2013 at 8:35 PM

      Kudos to him! Everyone has their preferences and I think it should be respected.
      On the flip side,Nigerians like titles, what a VP means in the UK is different from what it entails in Nigeria. Think am joking? Check out a job posting for the same position for Bank of America, careers.bankofamerica.com/JobDetails.aspx?JobID=LON04882&CountryID=232&LocationID=10&FeedName=EMEAC%20External%20(web06)&areasoftalent=8&jfamily=&keywords=&SearchPage=

    • Abeee June 14, 2013 at 8:56 PM

      Is he single tho?

    • yes ke June 14, 2013 at 10:00 PM

      Thanks Bro for givimg them a good view of Nigerians in the UK. Some people think we all do cleaning job whereas most of us are on 6 figure sum salaries but that is not the point, at least you are a proof that if you know your onions you are bound to reap the harvest of your labour. At least this has given pple a bit of an insight, I see a lot of naijas in the city and I know they are doing well. Both permanent and consultants. not all naijas are cleaning the toilet here o. thanks Bro once again

    • Wetinconcernme June 14, 2013 at 10:11 PM

      Nna men chics are not smiling o, see question. Bros oya o, set them free. Are u married, engaged, occupied/unavailable, FWB or ready to mingle? These babes are ready to wound something!

    • Lola June 15, 2013 at 12:28 AM

      Sorry guys he’s not single – I did some snooping on google.. He has a very very pretty gf.. Lol
      Very inspiring article .. Kudos!

    • Bibs June 15, 2013 at 3:55 AM

      And who ever told any of you AIMING to be an EMPLOYEE would ever make you rich. You should be striving to work for self and impart your acquired western knowledge abroad by setting up and business and hiring people. All these bit names Deutsche, JP Morgan, Mckinsey, been there than that, dont mean ish. I dont really respect ppl who live and educate abroad and then go back continue being EMPLOYEES, wtf did you do all the while abroad, did you not learn anything to be and EMPLOYER rather. Anytime i meet someone who wants to show off mentioned some fortune 100 company in usa or uk they work with, am thinking in m mind “And so What”. Go back home and be and entrepreneur. Dont be bragging about some Oyibo fortune 100 you work for. AIM TO BE THE BOSS OF YOU.

      • Anonymous June 15, 2013 at 11:26 AM

        How much do you have in your account that your shouting entrepreneur? Which of his bills will you paying this month that you have an opinion on he’s life
        Council tax
        Water
        Light
        Road tax

      • Mz Socially Awkward... June 15, 2013 at 2:27 PM

        Soooo…. Madam Bibs, when the whole country becomes inundated by the high volume of employers you’re advocating for, na who go gree be their employees again? Make all man aspire to the role of business owner because they feel the pressing need to gain your much touted respect?

        Na so the matter pain you? Okay, we have heard.

    • NNENNE June 15, 2013 at 4:09 AM

      Majority of Nigerians leaving abroad would love to move back but the truth is that once you tasted living in a society where things work, it becomes very difficult. It is not just the money or that things are very easy abroad rather the social system.
      Our people have refused to make things work in our society. Nigeria does not have to be the richest country in the whole world for things to be organized. We have well educated, hard working men and women but we let the mediocre lead us. Frustrating.
      I hope to relocate probably when I retire, If am alive then. God knows I love Nigeria, dearly. I will keep in touch all the time.

    • Colin June 15, 2013 at 4:50 AM

      Really impressed with this interview. If for one fact He is definetly right about career progression in the west . To climb up quickly You definetly have to stand out and not be a 9-5 wait for payday staff. You have to leave a mark and make a change . the way He answered the questions here shows how high His IQ is, to attain such position. But it’s not quite easy the road to career progression here, the british respect You more when You show them You know your onions, they push You onto a fast track lane to handle more responsilites . But trust Nigerians , we are smart and pleases me to say Nigerians occupy a fair share of professional UK workforce.I studied biochemsistry too (pathways ,enzymes and all that) and praticing it. I work in the healthcare industry and I must say there are many differences in Nigeria and UK . Job security for instance once You have professional work expeience You will always find work .Quite different back home , have folks that lost their jobs in Nigeria with the recent reduandacy programs in Banks been out of work since then and this are Young men in early 30s with banking experience .

      On the on the hand I have worked in Nigeria on a entry level position finished masters in UK and went back home. The attitude and non chalant unprofessional work ethics of Nigerians frigthened the shit out of me . Quite embarrasing I must say . The low salary that can’t meet with inflating price of daily living even on cutting down on expenses . You cant even boast of continual professional courses to embark on for career progression. The managers in Nigeria are in their late 40s and early 50s.The bitter truth is this especially in Lagos Young fine girls have more chances of moving up the ladder more than men. I have seen and experienced this . Quite a shame but it happens

      Nevertheless,Am almost 30 am not retiring in the UK , my skills am taking back home to apply to industries in Nigeria when the time is right but not definetly going back as a freshie its either a key decision management position or not . But not just yet please so many issues

    • Thatgidigirl June 15, 2013 at 9:21 AM

      kai! Nigeria has exported all its intelligent minds,sad.

    • Love Football Nigeria June 15, 2013 at 12:07 PM

      Quality stuff …. He totally delivered.

    • fiesty chic June 15, 2013 at 1:25 PM

      @bibs did you ask him if he has other businesses he is running before yapping your mouth about him being an employee? you just sat there and made your assumptions about him!
      Also to those talking about his VP position, you should realize that titles abroad differ from titles in Nigeria. A dept can have a lot of VPs but they aren’t VPs of the company. As to the topic, after 6yrs of working in Nigeria with no promotions simply because I was a manager’s ‘friend’ I decided to seek greener pastures abroad. And I can tell you that its your hardwork that determines your upward movement. Nigerians complain about not getting jobs abroad but if you are legal and package yourself well you will get a job. You might not get the dream job immediately cos of where your degree comes from but at least you will get stepping rungs up the ladder to start with.

    • fiesty chic June 15, 2013 at 1:26 PM

      sorry ‘wasn’t a manager’s friend’

    • Awesomeness June 15, 2013 at 3:55 PM

      @kd you are definitely small minded and probably never left or worked outside your circle. Not sure where you checked but if you checked properly he actually does come up as who he says he is. why would anyone working for an international firm inflate his credentials.
      truth is we don’t live in nigeria where your father has to own the company, your credentials should speak. 1 year or 5 years, the dude made it. Whats exactly are you bitter about…the chaps success….abeg park well!!!

      • kd June 15, 2013 at 10:35 PM

        Theres nothing to be bitter about. God has blessed me. Thanks to him I’m smart and I attend one of the top 10 universities in the world (no bragging). I have seen and learnt a lot so Im def not small minded. I have just seen too many situations of lies regarding job status and Im just speaking according to experiences. My thought. My opinions.

    • Ogechi June 15, 2013 at 5:12 PM

      Ladies, please respect yourselves. Sometimes, we are the reason men treat us the way they do. I have seen 3 comments asking if he is single , engaged or married. Is the interview about his personal life? Stop being desperate. It is very irritating and guys who notice that feed off it. Slowly but surely we have turned the order of things; he who finds a wife……not she who finds a husband. This is a professional interview with professional. It’s none of your business if he is single or married. ***I am totally unrelated to him***

      • natty June 16, 2013 at 11:51 PM

        THank you oh! I was reading and wondering what is wrong with us females

    • Dr N June 15, 2013 at 6:20 PM

      Its good to listen to young professionals give a balanced , unbias view about moving back to naija. personally, the training I got in Uk as a Doctor ad the oppurturnities and training I have been exposed to over here is amazing and the truth of the matter is I cherish what I do here, I earn good enough salary to leave well and save well and honestly why would I risk all that for a healthcare system that is nothing to write home about.
      A healthcare system that lets pple die of preventable death, why would I expose my family to that.
      I believe the most impt thing in life is to be happy in whatever you do and thats what I am teaching my kids. I want to live in a sane society, have security and infrastructure that works and as long as I am getting that here ,I am comfortable. who knows what will happen in the future but as of now. I dont buy into the idea of moving home because everyone else is .
      I will do whats best for my family and what will give my kids the best oppurturnity to excel in life

    • osasu esemuede June 15, 2013 at 8:03 PM

      Hello,everything he said is true,you might not believe him which is understandable but every single thing he said is true and I am very sure of this because I am his blood sister,I am proud of you bro

    • NaijaRealist June 15, 2013 at 11:05 PM

      Without prejudice, some of the comments do not appear to be aware that a VP in an investment bank in the US or UK is like an asst. manager or manager (not even a senior manager) in a Nigeria.

      Nevertheless, any well educated Nigeria with a good professional track record abroad will LEAPFROG the corporate ladder in Nigeria — and I speak from PERSONAL experience! The truth however is that working (and living) in Nigeria comes with significant challenges (then again, some will call it ‘opportunities’) and not everyone has the stomach or fortitude for it.

    • Ambitious_Igbogirl June 15, 2013 at 11:16 PM

      It is possible to get to that position in 5 years. The little trick is going an extra mile by taking professional exams (CFA, ACCA, ACA, CIMA etc) and ofcourse work experience, they are very recognised here and you can go places with it. Mostly likely, his CFA qualification got him the position and growth (not sure but possible). I believe there is more competition in the UK, job wise. I personally think a fair percentage should bring back to Nigeria, the knowledge and experience attained from the western world. Like everywhere else, even in Nigeria, they should value ambitious and driven individuals with a very reasonable/ solid educational background who will bring something new and different onboard, and will/might eventually grow in your workplace.

    • Mummy Good. June 16, 2013 at 10:10 AM

      Pls try and appreciate people , thank God for His blessings and lifting up His children . Never be looking for faults. If you are happy with people’s progress ,you too will be progressing.Never compare West position with Nigeria position it’s not the same.

    • sugarray June 16, 2013 at 2:58 PM

      He has CFA so making Veepee which is an equivalent of a Senior Manager in a bank here in Nigeria isn’t surprising…..

    • Emmanuel June 17, 2013 at 4:49 AM

      Sometimes we are comparing apples and oranges, in my view anyone can live anywhere they want, especially important for me is security and a future for my three children. We make these sacrifices for good reasons, I think. America for example is a great country but I work with lots of Americans overseas especially in oil and gas. If they are not there to grab the cool bucks in places like Angola, Libya, Iraq and the likes, the brits and Dutch will. There is good money to be made in Nigeria but whoever must have the connections necessary, like everywhere, but there are trade offs. I personally see the world as my “stage” and I can live anywhere I please.

    • chinwe June 17, 2013 at 9:02 AM

      Interesting but rather lengthy interview. Kudos to this brother and indeed to every hardworking individual out there. To live at home or abroad..to each their own , different strokes for different folks , whatever sails your boat :-)

    • Ngum June 17, 2013 at 11:38 PM

      Truth is it takes a kind of person to choose to move back to most African countries. Big risks are involved and not everyone can take them. He’s sure right about one thing: one must have a plan before making that big move. Also, he sounds like just the kind of person Nigeria needs. The country’s loss, I guess. When will our stop scaring off our best minds?

    • Ola June 19, 2013 at 12:21 AM

      Lol. Comments on these blogs need a like button. See the Aunty at the top that asked if he is single. Lol, how that take concern the topic of discussion?

    • Call me anonymous June 26, 2013 at 8:41 AM

      Lovely article! Makes me think I should have left the shores of this country for greener pasture where things really work! Peeps in the diaspora better believe this guy and stay put wherever they are. Naija is not working for professionals….I know! Been a ‘banker’ for 10 years with a B. Sc and certification as a chartered administrator. And what do I have for it? Insults from so called Group Heads and Executive Directors who don’t know shit about Personnel management. For real…. etumekama.blogspot.com

    • Chidi July 5, 2013 at 8:30 AM

      My Brother’s brother…
      A tale of success and the hand of God…even if na me wetin concern coming back to unrepentant darkness and potholes of death?
      Coming back to corruption and a non existent health care.
      Abeg abeg abeg..Samson this was a brilliant interview.