NewStats: 3,264,974 , 8,185,243 topics. Date: Friday, 13 June 2025 at 01:27 AM 4ew6n

Bombblacks:

Even a 4 year career at a top club generates more money than a career person would in 40years, stop playing. Footballers are just wasteful.

I think u are right and Raumdeuter is also not wrong.

Yes footballers are wasteful and they tend to spend the money the way it comes. I think the suddeness around how some of these sportsmen get to be to luxurious life suddenly despite not growing up in money may be responsible for such erratic behaviour. Some of them just see money and and they begin to think about the thousand and one things they can do with all that money.

Raumdeuter is right when he said sportsmen go broke easily because they have a short career window to make money which they are expected to spend for the rest of their lives. i,e make money within 15 year career and u are expected to spend the money for at least 20 or more years of your life.(This is assuming u start playing professional 18, u play for 15 years and retire 33 years after which u may live for another 27 years to clock 60)

In pension management , there is what they call Longevity Risk i.e. the risk that an individual will outlive his income. This risk almost always crystalize for sportsmen because their own retirement age comes earlier than every other profession and the person is expected to live on his accumulated income till death comes calling which may not happen for some people until 30 to 40 years after retirement .

raumdeuter:


Na him and the hypeman dey collabo do the thing, E also get one white ski man wey dey follow for the video, Maybe na one of those Lebanese wey dem forget for Nigeria

Have you heard Pastor Ebuka preaching?

PS: Dont listen without earphones

Egbon how do you enjoy those contents without understanding igbo

Disburse to Nigerians 🤣🤣🤣🤣🤣

Ibime:


Apart from It was written, I am and Stillmatic, you have to wade through too much garbage to get to good songs with Nas. I won't credit Distant Relatives when it comes to good music cos thats Damian Marley's doings

IWW I don't consider a good album

But the fact that you skipped Illmatic and Life is Good? KD 3 and KD 1? Skipping Life is Good is unforgivable

That just tells me you no like Nas at all at all.

Ebukacute:

Egbon how do you enjoy those contents without understanding igbo

You go don know say na nonsense dem dey yarn, the intonation dey funny even if you don't know the exact meaning

Shey na you dey run that Pastor ebuka church?

raumdeuter:


You go don know say na nonsense dem dey yarn, the intonation dey funny even if you don't know the exact meaning

Shey na you dey run that Pastor ebuka church?

No ooo.. I go soon open my own. Shey you go come back me make you dey interprete for me

Bombblacks:

Even a 4 year career at a top club generates more money than a career person would in 40years, stop playing. Footballers are just wasteful.

Na all footballers de enter the top clubs?

A40:
IWW I don't consider a good album

But the fact that you skipped Illmatic and Life is Good? KD 3 and KD 1? Skipping Life is Good is unforgivable

That just tells me you no like Nas at all at all.

It was Written is probably Nas best album - tied with I am

The "real Hip Hop" crowd didn't like it cos he used smooth and melodious and soulful beats and developed the Escobar persona. They wanted the ear scratching hardcore boom bap of Illmatic and gave it a bad rep. It was Written is actually one of his best works, but aggravated his core fans. Not me - a beat must not be horrible before I rate a lyricist

I don't listen to all those KD1, KD2, KD3 shits. Nas fell off lyrically in recent years, or let's just say lyricism has developed crazily (for those who know where to look) while he is standing still, and even regressing slightly. Sorry to say, Method Man is a better lyricist than him today, something you couldn't say in the 90s, and that's cos Method developed his pen while Nas got lazy

I actually dropped Nas after God's Son album followed up by HipHop is dead due to his wack beats. I only clocked back in for Distant Relatives with Damian Marley because of Damian

BlueRayDick:


The author of this article just Dey vex on top nothing .

The whole “it’s not for civil servant “ thingy is not that deep if u ask me. Someone selling exotic cars securely has his target audience and for sure his target audience are not civil servants if we are being truthful .

I don’t think any civil servant should feel down because of the guy’s servant , except he or she has low self esteem .

I mean why will I be pissed that someone is selling something I can’t afford ? 🤷‍♂️. Even people who earn way better than civil servants can’t afford most of the cars that Abuja guy sells ; so what’s the fuss ? I’m sure his target audience who are people with old money , politicians , flamboyant businessmen , etc see his adverts and buy from him

Very simple, so I just can't understand why some people are wailing. I knew it was only a matter of time before they start writing articles about that Abuja car seller.

raumdeuter:


What have you seen that made you come to this conclusion?

A scene I witnessed. Immediately I witnessed that scene, that is the only conclusion that came to my mind.

TemporaryHansel:


Very simple, so I just can't understand why some people are wailing. I knew it was only a matter of time before they start writing articles about that Abuja car seller.

Nigerians just like to dey get headache ontop non issues. Even abroad sef, people wey dey do normal regular jobs no dey fit afford all those super fast and exotic cars some top athletes and billionaires drive.

TemporaryHansel:


A scene I witnessed. Immediately I witnessed that scene, that is the only conclusion that came to my mind.

What scene did you witness? I am still a firm believer in Capitalism though

BlueRayDick:


I think u are right and Raumdeuter is also not wrong.

Yes footballers are wasteful and they tend to spend the money the way it comes. I think the suddeness around how some of these sportsmen get to be to luxurious life suddenly despite not growing up in money may be responsible for such erratic behaviour. Some of them just see money and and they begin to think about the thousand and one things they can do with all that money.

Raumdeuter is right when he said sportsmen go broke easily because they have a short career window to make money which they are expected to spend for the rest of their lives. i,e make money within 15 year career and u are expected to spend the money for at least 20 or more years of your life.(This is assuming u start playing professional 18, u play for 15 years and retire 33 years after which u may live for another 27 years to clock 60)

In pension management , there is what they call Longevity Risk i.e. the risk that an individual will outlive his income. This risk almost always crystalize for sportsmen because their own retirement age comes earlier than every other profession and the person is expected to live on his accumulated income till death comes calling which may not happen for some people until 30 to 40 years after retirement .

also because they started with a baller lifestyle. much harder to leave it all behind. Your average person will calibrate based on cash flow.

BlueRayDick:


I think u are right and Raumdeuter is also not wrong.

Yes footballers are wasteful and they tend to spend the money the way it comes. I think the suddeness around how some of these sportsmen get to be to luxurious life suddenly despite not growing up in money may be responsible for such erratic behaviour. Some of them just see money and and they begin to think about the thousand and one things they can do with all that money.

Raumdeuter is right when he said sportsmen go broke easily because they have a short career window to make money which they are expected to spend for the rest of their lives. i,e make money within 15 year career and u are expected to spend the money for at least 20 or more years of your life.(This is assuming u start playing professional 18, u play for 15 years and retire 33 years after which u may live for another 27 years to clock 60)

In pension management , there is what they call Longevity Risk i.e. the risk that an individual will outlive his income. This risk almost always crystalize for sportsmen because their own retirement age comes earlier than every other profession and the person is expected to live on his accumulated income till death comes calling which may not happen for some people until 30 to 40 years after retirement .

I saw a question on Twitter

At age 20yrs, 5m at once or $1k per day for the next 30yrs

GloriousGbola:


also because they started with a baller lifestyle. much harder to leave it all behind. Your average person will calibrate based on cash flow.

This is exactly why politicians loot - they get addicted to a lifestyle they can no longer afford or walk away from, so they treat public funds like a personal ATM.

raumdeuter:


I saw a question on Twitter

At age 20yrs, 5m at once or $1k per day for the next 30yrs

I'd take $1k per day for the next 30 years. I mean the me of now that is, the me at 20 would likely take 5m at once instead. Money management will always be harder and more important than the act of making money.

TemporaryHansel:


This is exactly why politicians loot - they get addicted to a lifestyle they can no longer afford or walk away from, so they treat public funds like a personal ATM.

no.

politicians loot because the system will not prosecute them

someone said it to me succintly - all that will happen is the person will get embarrassed in public.

no politician under any istration has seen extended jail time.

well, maybe olisa metuh.

edit not even him

https://www.thecable.ng/just-in-metuh-released-after-10-months-in-prison/

Ibime:


It was Written is probably Nas best album - tied with I am

Hell naww. To the naw naw. Hell to the naw. IWW was a failed attempt at pop IMO. I Am is still better. This just tells me you're not someone that really rates Nas if you're rating him with what was definitely not his best work

Ibime:


The "real Hip Hop" crowd didn't like it cos he used smooth and melodious and soulful beats and developed the Escobar persona. They wanted the ear scratching hardcore boom bap of Illmatic and gave it a bad rep. It was Written is actually one of his best works, but aggravated his core fans. Not me - a beat must not be horrible before I rate a lyricist

Naah they just weren't really good albums. Well at least IWW. Illmatic was relevant for the time. By 96/97 it was shiny suit era rap so I don't hold it against Nas for pivoting but I can't think of any track that had replay value. On IWW at least

Ibime:

I don't listen to all those KD1, KD2, KD3 shits. Nas fell off lyrically in recent years, or let's just say lyricism has developed crazily (for those who know where to look) while he is standing still, and even regressing slightly. Sorry to say, Method Man is a better lyricist than him today, something you couldn't say in the 90s, and that's cos Method developed his pen while Nas got lazy

How can you give a fair or constructive criticism on Nas and you didn't even listen to Untitled, Life Is Good or KD trilogy.

Method Man is a better lyricist? On what grounds? Show me his project let me compare. I'm also a Method Man guy but let's be serious here

Me I rate my rappers by their storytelling and their body of work. Not ability to NL battle rap.

Nobody not even Jay Z has dropped a quality album this late in their career like Nas did.

Ibime:


I actually dropped Nas after God's Son album followed up by HipHop is dead due to his wack beats. I only clocked back in for Distant Relatives with Damian Marley because of Damian

Lol. You're not a Nas guy. It's better to just it that.

Nas is not even my favorite rapper but I respect him a lot.

If you've not even listened to Life is Good and the KD trilogy then any opinion of yours on Nas absolutely has to be taken with a grain of salt

Bombblacks:

Even a 4 year career at a top club generates more money than a career person would in 40years, stop playing. Footballers are just wasteful.

What of expenses? Don't underestimate the advantage of steady money. 4 years is a very very short window to make money stretch for 30-40 years

raumdeuter:


Like afrodoc said, Besides you having a very short window to make money max 15yrs when other professions can be making money for 50yrs. Ozekhome, Afe Babalola Doctors etc can make money till 80yrs while their agemates that went to sports would have stopped making money like 40yrs ago

2. Sport is usually physical, So any injury to your body means the end of your earnings, So the 15yrs projected career can end in 3yrs, or 5yrs or even 6months. A knee injury, you will quickly spend the little money on t so you can get back, thats how you gradually blow everything on it
Lawyers can got court even on wheelchair.

3. You make money when you are young, when you are not wise about how to manage money. Imagine person gave 20yr old izzou $1m. All the girls from Enugu to Imo to Lagos go don hear am finish. Plus 500 Timberland boots 5000 Polo shirts

4. The money usually do not keep up with inflation. The guys who played ball in the 80s and 90s didn't really make as much money as they are now. Players like Maradona, in the 80s might be making about $80K per year which is big money then but not comparable to the money in sports nowadays where a top player like Ronaldo Messi can make almost $100M per year

Take 2 people top footballer from Nigeria, and top Lawyer or Banker from Nigeria. In the 20s the footballer will be way richer, 30s still be richer but gap is closing, by the 40s the career person will likely have caught up, and till they die no way the football can meet up again

The average Nigerian ex footballer anything above 15yrs of retirement , is broke. Thats why they hustle for NFA jobs, NPFL coaching jobs before you know it they have started gofundme for health cases

It's a very wicked reverse. The athlete earnings decline as they age. The others earnings increase as they age. If you're not a 1percenter 1percenter you're basically in the hands of God.

From feeding your entourage (I can't imagine the kin billing person like Osimhen go dey face)

Then the fact that you have to stretch that paper as long as possible to maintain lifestyle will have you taking all kinds of financial risks and you get burned

raumdeuter:


I saw a question on Twitter

At age 20yrs, 5m at once or $1k per day for the next 30yrs

$1k per day easy

Assume bank interest rate of 4% which is the current rate in the money markets

Case of $5m: Compound 5m over 30 years at 4% interest is $16.22m

Case of $1k: Compound the first $365k over 29.5 years, the second $365k over 28.5 years and so on in an arithmetic progression and you land at $20.88m after the 30 years.

I use 29.5, 28.5, 27.5 etc to bring approximate linearity to the calculation as the interest on your $1k on 1st Jan is not the same as the interest accrued on 31st Dec, so use half years for the first year of investment

The only reason to accept the $5m upfront is if you can guarantee a return better than the bank by 0.9% (so 4.9% return) - and assuming you cannot also throw your $1k per day into the same 4.9% yield investment. Let's say there is an instrument with a minimum investment requirement of $5m

https://nairametrics.com/2025/05/27/president-tinubu-seeks-senate-approval-for-21-5-billion-new-external-loan/

Ibime, this requires your attention.

External debt stock as of Dec 2024: $45B.
https://www.dmo.gov.ng/debt-profile/external-debts/external-debt-stock/5210-external-debt-stock-as-at-december-31-2024/file
We've paid down that debt since Dec.

City boy wants to borrow $21B + €2B + $100m (in Yen) in one year.

Does this not count as fiscally absurd?

-Lord

Funny how Tinubu’s health suddenly did a 180 - No more trembling hands, no more “wet patches,” everything’s just magically fine now.
You have to wonder: why didn’t he sort himself out before running for president?
Are we seriously supposed to believe that a man of his wealth couldn’t afford the treatment earlier?
Or is there some secret elite clinic that only opens its doors to sitting presidents?

LordAdam16:
https://nairametrics.com/2025/05/27/president-tinubu-seeks-senate-approval-for-21-5-billion-new-external-loan/

Ibime, this requires your attention.

External debt stock as of Dec 2024: $45B.
https://www.dmo.gov.ng/debt-profile/external-debts/external-debt-stock/5210-external-debt-stock-as-at-december-31-2024/file
We've paid down that debt since Dec.

City boy wants to borrow $21B + €2B + $100m (in Yen) in one year.

Does this not count as fiscally absurd?

-Lord

That's nuts after paying down a decent chunk of the previous loan. Maybe he has given up, cos that's inexplicable. Let's wait for further confirmation

A40:
What of expenses? Don't underestimate the advantage of steady money. 4 years is a very very short window to make money stretch for 30-40 years

The career person also has expenses. If you are given the choice to make your 40years salary in a 4 year window won't you take it?

TemporaryHansel:
Funny how Tinubu’s health suddenly did a 180 - No more trembling hands, no more “wet patches,” everything’s just magically fine now.
You have to wonder: why didn’t he sort himself out before running for president?
Are we seriously supposed to believe that a man of his wealth couldn’t afford the treatment earlier?
Or is there some secret elite clinic that only opens its doors to sitting presidents?

You can bring Afrodoc2 into this but I suspect he is having periodic stem cell treatment in cos his condition looked degenerative.

A40:

It's a very wicked reverse. The athlete earnings decline as they age. The others earnings increase as they age. If you're not a 1percenter 1percenter you're basically in the hands of God.

From feeding your entourage (I can't imagine the kin billing person like Osimhen go dey face)

Then the fact that you have to stretch that paper as long as possible to maintain lifestyle will have you taking all kinds of financial risks and you get burned

Osimhen earns £10 million yearly that's approximately fifteen billion, eight hundred and ninety-eight million naira. His one year salary would set 100 people up for a life time if not 200. Stop playing

A40:

It's a very wicked reverse. The athlete earnings decline as they age. The others earnings increase as they age. If you're not a 1percenter 1percenter you're basically in the hands of God.

From feeding your entourage (I can't imagine the kin billing person like Osimhen go dey face)

Then the fact that you have to stretch that paper as long as possible to maintain lifestyle will have you taking all kinds of financial risks and you get burned

It gets better. /s

A 30% pay cut will activate crisis mode for most.
Footballers have to go from 6-8 figures straight to unemployment stipend in the blink of an eye.
They fritter the years they should have spent in college, interning, and padding their resume.
Can't easily pick up a degree on the side anymore. The schedule is brutal.

Season just ended. MU players are heading to Thailand.

-Lord

Ibime:


You can bring Afrodoc2 into this but I suspect he is having periodic stem cell treatment in cos his condition looked degenerative.

He didn't have access to that as a normal citizen, or are they saying even Tinubu couldn't afford it at the time? It must be either of the two..

AbokiWam:
Na all footballers de enter the top clubs?

Even those at the championship level earn descent amount. According to the research I just did the average championship players earns 10k to 20k weekly. Capalogy has Spain average segunda division player ( Spain 2nd league) making 300k plus annually.

A40:


Hell naww. To the naw naw. Hell to the naw. IWW was a failed attempt at pop IMO. I Am is still better. This just tells me you're not someone that really rates Nas if you're rating him with what was definitely not his best work


Naah they just weren't really good albums. Well at least IWW. Illmatic was relevant for the time. By 96/97 it was shiny suit era rap so I don't hold it against Nas for pivoting but I can't think of any track that had replay value. On IWW at least


How can you give a fair or constructive criticism on Nas and you didn't even listen to Untitled, Life Is Good or KD trilogy.

Method Man is a better lyricist? On what grounds? Show me his project let me compare. I'm also a Method Man guy but let's be serious here

Me I rate my rappers by their storytelling and their body of work. Not ability to NL battle rap.

Nobody not even Jay Z has dropped a quality album this late in their career like Nas did.


Lol. You're not a Nas guy. It's better to just it that.

Nas is not even my favorite rapper but I respect him a lot.

If you've not even listened to Life is Good and the KD trilogy then any opinion of yours on Nas absolutely has to be taken with a grain of salt

lol. I'm a mad Nas guy in the 90s. But the truth is when you personally reach a level of expertise in something, you cannot go back to the building blocks that you used to first learn basic structures. cos they are basic and they can't add anything to your learning anymore. 2001 to 2008 is a long time to be releasing garbage and expect me to jump back on like you never left. Same reason I left Eminem behind after Marshall Mathers album

The truth is, I look for wit and comedic value in my rappers first and foremost, then I go into intricate rhyme schemes, then how the music sounds sonically. When Nas was busy taking his wack hiatus from 2001 to 2008, I mostly pivoted into mixtape rappers like Saigon, Crooked I, Royce da 59 and now I follow the likes of 38 Spesh. These are guys who are way advanced lyrically and in flow structure than what was fresh about Nas in the 1990s. Every generation innovates, even Eminem's flow develops every time while Nas is sounding like the lazy version of his 1990s self. The reason I name checked Method Man is because he has been featuring with all these new rappers and holding his own, he worked on his pen. I listened to some part of King Diseases and Nas flow is choppy like the worst of Nas, not as clean and crisp as it was on I am. I am should be his pinnacle of landing every bar on beat but throughout his career (and even on I am), he has too often slipped into choppy flows that don't land crisply at the end of the snares. Reason I like IWW is cos he landed crisply too.

LordAdam16:


It gets better. /s

A 30% pay cut will activate crisis mode for most.
Footballers have to go from 6-8 figures straight to unemployment stipend in the blink of an eye.
They fritter the years they should have spent in college, interning, and padding their resume.
Can't easily pick up a degree on the side anymore. The schedule is brutal.

Season just ended. MU players are heading to Thailand.

-Lord

Just the reality a lot of people are not willing to believe exists.