Japa: Is travelling abroad more profitable than starting a business in Nigeria?
Photo Credit: Flux Magazine
Oftentimes, you hear stories of people who travelled abroad but ended up regretting it because what they thought wasn’t what they experienced. Most of them end up receiving help from people at home instead.
However, there have also been stories of people who tried out businesses but the whole ventures crumbled, and they are nowhere again in life.
Such a pitiable thing!
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2025 has come with its newness, and being successful at the end of the day demands real-time choice.
The decision to Japa or to stay back and hustle in business like others becomes a real war. Life is full of uncertainties, and the aftermath of our choices is a big determinant of whether we made the right choice or not.
“Japa” (a Nigerian slang term for relocating abroad) has become a common topic of discussion as many Nigerians seek greener pastures overseas. However, with the rising trend of migration, there’s a counter-narrative: why not use the funds intended for relocating to start a business in Nigeria?
Advantages and disadvantages of Japa
Better quality of life in all aspects but with its attendant high cost of relocation and payment.
Higher income, especially for skilled professionals, compared to Nigeria, but social isolation and cultural shock, which can take a toll on mental health.
Being in a developed economy opens doors to global markets and opportunities that may not exist locally, but some migrants face discrimination, underemployment, or the challenge of credential recognition.
Starting a business in Nigeria and its pros and cons
It has an untapped potential venture as Nigeria’s growing population creates opportunities for various industries, from tech to agriculture, but economic instability with Naira fluctuations and inflation poses a significant risk to businesses.
Starting a business empowers you to employ others and contribute to the economy but Challenges such as power outages and poor road networks increase operational costs.
It offers opportunities to be close to loved ones, which can be emotionally fulfilling, but it can lead to “see finish” (over-familiarity) coupled with unfavourable government policies and multiple taxation systems that can hinder growth.
Things to consider before making the final decision
High-paying and valuable skills: Do you have skills that are highly valued internationally? Moving abroad might be advantageous. On the other hand, entrepreneurial passion might push you toward starting a business locally.
Financial Capacity: Do you have enough funds to cover the costs of relocating and settling abroad? Alternatively, can you afford the capital needed to sustain a business in Nigeria?
Risk and Security: You need to consider which one has more potential risk and security. You really need to understand the possible outcome of each choice.
While both are exciting ventures, the decision to Japa or invest in a business in Nigeria is personal. Ensure that whatever choice you make, you’re fully prepared and equipped with the knowledge and resources to maximise your opportunities.
Japa or business in Nigeria, which will you go for?
