STOP Ajo Contribution Do This Instead: Better Way to Save and Invest Money in Nigeria | Flo Finance

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[@modupeolupona2668]

It depends on how you use it. So one time in 2019 as a young worker, I needed a million naira plus to start up my business, but could only afford 400k at that time. I join an ajo group of 100k monthly and got the second slot. That made me have the 1million naira I needed within 3 months, instead of waiting till the following year when my money is complete. It was like an interest-free loan for me, cause I paid back in subsequent months as Ajo, with no stress. So, always make the best of something and don’t be stuck to a single way of doing things.

[@tonkifejfejo1469]

I love your channel. Ajoh is still not a bad idea, only try to do it with people you know, not people you meet online. Have been doing it with the same group of people since 2019.the Co ordinator knows every one which makes it safe.FGN bond is amazing too, but is the interest as per Roi matching the rate of high inflation we are experiencing due to continued devaluation of the naira. Ajoh in dollars might be far stable than FGN bond ,I think .just my opinion.

[@everythingispolitics6526]

Anuty Flo, in my opinion, there's nothing inherently wrong with the practice, afterall it's better than g@®bling on the stock market, which breeds greed, among several issues. Let's us not shame our people for preserving ancestrial practices. Also, how secure are those bonds? Especially in an unregulated market like NG? Edit: better yet, we're better off teaching people how to excerise caution when setting up these groups/investments, including how to formate legal agreements setting out individual expectations etc.

[@FloFinance]

Shame who? I said there's a BETTER way. Biko keep preserving your ancestral practices ooo. There's no amount of caution you will exercise with people that are dubious in nature. If you don't have hot tears to cry, stay away from ajo. Exercise caution kó.

[@jumokeoluyori4870]

😊

[@Annointed-r5n]

I do the Ajo with my colleagues at work we all work for NHS and we know each other..and it's perfect..

[@nylnyl.]

Yes.. perfect among colleagues

[@FloFinance]

Congratulations! But invest money for interest. Make your money work for you. There are high interest savings accounts in the UK.

[@idiaemokpae2343]

Osusu in Bini dialect

[@Annointed-r5n]

@@FloFinance yes I know

[@joyceadenekan5672]

​@@FloFinancewe have been doing it for 15 years , nobody ran away. Most of us it as deposit for buying our house.

[@fromtheheadlines-z6r]

Nothing will make me stop doing Ajo, I do it with my colleagues. It has really help me.

[@boscobrown4598]

Mama flo thanks for your update but, I don't trust Nigerian banks I lost over five million naira in 2004 with Futune bank Ltd, situated along airport road Warri delta state, if you ask me I will prefer to keep my money in my bed room.

[@FloFinance]

Ah, was that a case of a distressed bank?

[@adepoju3695]

It's called Adashe in Hausa ❤

[@goldnwajiaku5484]

Anty Flo, kindly recommend a good stockbroker. Many thanks for all you do.

[@QudusTunde-e9z]

Strongly support your idea, I will urge aunty flo to mention genuine stock broker , I think that's the best thing.

[@ameera96]

Welldone sis., it is against the islamic teachings and rulings to join or partake in anything that has interest .

[@estherolubunmi1198]

You can always do Ajo, collect your own and invest it in high interest investment for a short or long duration

[@chimeziefaithmeshack3282]

Hi,dear i have been in it for 5 years,we bought house here in spain. So is not bad.

[@AnthonyAgbomeikhe]

Good day, please can I get to know the company you contribute with

[@adejokealmaroof9088]

Adashe in hausa language

[@ambroseutin2729]

Flo, you're marvelously becoming more beautiful everyday; what's going on?

[@RolynRolyn]

Stocks in Nigeria! I will rather do my Ajo with iya chinedu and mama sikira.

[@nekpenaiguokhian7477]

Nothing will make me sgop ajo. I'm into ajo with the people I know for over 10 years in UK. I love it

[@mbiwechijioke4204]

You're quite right. I've fallen victim of this esusu/ajo/adashe one two occasions at different organisations. I joined out of sentiment and I suffered the kwansikwenses 😂😂😂

[@FloFinance]

Ndo! 😭

[@surinameworshipthelordwith9054]

We do it in Suriname South America to

[@jacobjessica7621]

How safe is the FGN savings bond, please? I don't really trust this our country with financial issues

[@kokoessien2134]

Ajo is as old,or even older than the banking system,bur ket me listen to your video first

[@HereAndCurious2]

Like anything in life, people must take what they want and discard what they don’t want. Ajo/Susu etc. works for some and have done for many years. Flo is stating that you can make your money work harder for you, if you choose to! It’s a choice. 👏🏽

[@PrisTvv]

They might still be doing it in village, the last i saw that was 1997 😂😂 i don't know of it now

[@FloFinance]

Mmh read comments o, they even do it in obodo oyibo.

[@maryaigbochie5892]

You do Ajo with the people you know not with online people. Investment in Nigeria can sometimes be a scam. Guys bear in mind people get paid to use their page/platform to advertise their, therefore think twice before you invest your hard earned money

[@RolynRolyn]

Really! Stock brokers in Nigeria? Am outta here,bro!

[@wealthgist7044]

Thank you But i don't want interest in my life

[@remiihejirika1454]

I have done ajo for over 30 years with people I know and no one ran away with my money. I have invested money and lost ,so don't criticise a system that has its own advantage. Why will the person run away

[@Jossypassion]

My dear a lot are still doing it ooo. My immediate elder sister is on this table. Am tired of talking to her about it. Let me just forward this video to her to see if it will convince her.

[@ozmattstechnologies534]

Missing big time... School will never teach U this!

[@esomonuromanus681]

Greetings fellow comrades. In my opinion, Adashe has more merits than demerits. It works on trust just like any other business around the world. One of the biggest benefit of Adashe is that resources is pulled without you bringing collateral or paying interest. I have seen people use it secure property. Selection criteria deployed in choosing people as members is the most important. When you do it with colleagues at work place reduces risk.

[@allenhart6790]

Long live Ajo !!!

[@veraeverestus-okafor9573]

Thanks always, Flo 👏🏼 In hausa language - it's called Adashe.

[@FloFinance]

Daalu.

[@musa-v3f]

@@FloFinance in swahili we call it UPATU

[@WasilaYusuf-g3m]

Is called adashi in hausa

[@nkirujuwah4015]

Ajo is good. Our Nigerian financial system is unsafe. Trusted friends do it and it has helped a lot with their children's fees and solving other problems. Interests you said ? Fake! Banks today keep charging for what we dont know. POS handlers will charge, banks will charge.

[@FloFinance]

Continue investing in your ajo in peace but what I will not tolerate is you causing confusion here by shamelessly making ignorant comments on subjects you know nothing about. What has bank and POS charges got to do with investing in FGN Bonds? Feeling funky on top knowledge gap.

[@grandxanadu]

@@adakupeters8535 you sat down and read all her responses? that's stalking.

[@DanielAdegoke-p3r]

No mind am jhor

[@maryamdalhat4161]

It is called ADASHE in Hausa. For everything that have advantage must have disadvantage. I prefer ADASHE bcos if you pack first, you are a borrower, if you pack last you are the lender. If the lender did not get interest it means the borrower did not pay interest which stabilizes the economy. That is called FGN BOND, this is called NEIGHBOURHOOD or COLEAGUE BOND. Why will you lend to FGN when your next door neighbour needs it. The FGN BOND is for those with large sum of money while ADASHE is for small enterpreneurs which is the backbone of every economy.

[@chiddy1291]

Im doing Treasury Bills shaa cos Im uncertain about my long term plans for now ..Thanks for your video.....

[@queenezeigbo7265]

How are you doing that please. I need to start somewhere

[@KingsleyEmenyonu-iu8ur]

I do it with trust worthy people and it helps a lot.

[@ShafiuAhmed-o3o]

Adashe in hausa language

[@emergingsynergyconsultltd.285]

Flo, I don't think the concept of Ajo is wrong basically, participants usually take the necessary precautions and achieve their objectives. It is usually done by people who know themselves and work together. There is no venture without risk. Note that you don't do Ajo on social media Flo. FGN bond you talk about is elitist for most people in Nigeria whose financial literacy are only on the basics and they are happy to run with that.

[@aquilabrisca7469]

I t is called ADASHE in Hausa

[@aquilabrisca7469]

I t is called ADASHE in Hausa

[@benolukwu6925]

This people are coming in with their business strategy by speaking against and discrediting Ajo/Esusu. This their so-called new and more beneficial savings approach has it's own disadvantages that will soon be exposed. People, let's also be careful of this new marketing gimmick.

[@taiwoosibanjo164]

How do I invest FGN bonds

[@Unity280]

Adasha in Hausa

[@topesheriff118]

Hmmm..ma, Ajo is good most esply for pretty traders. Do it with people you know, trust, and believe in

[@eedie-mr1ey]

Many of the osusu/ contributions pay interest now. I contributed 300k in teachers osusu for one year and was given 320k ie 20k interest and had money for Christmas

[@dr.michaelodu]

Wema Bank has a feature thatvtakes care if treasury bills and FGN bonds

[@esekrubu1432]

Ajo is still the best. You failed to mention that any member of the group could get required fund ahead if you are slated to collect at an earlier time. These investment interest you talk about is next to nothing in the short term. They are only beneficial in the Long Run. So your information is inadequate

[@graceokieimen8100]

Heloo Flo , Please kindly update some of us on Treasury bill on how to go about it. Thank you

[@veraeverestus-okafor9573]

O yes, please - we'll appreciate it, Flo 👏🏼

[@hadizaabdulkarim2547]

In Hausa it is called Adashi.

[@chiderablessing]

I wish to get someone that can put me true, I'm really interested ma,am just hearing about it for the first time today please help 🙏

[@Hey_me]

Talk for the diaspora too please. We need to invest in nigeria too. Give list of good stock brokers too please.

[@justusmarthin853]

Meeting generally

[@transahabagroup458]

The Problem is the Number 1 to 6 are family members or friends

[@francescomathias3354]

Please another Business idea......Nigeria people can not be trusted with money in Nigeria including my father mother brother sister or good friends relatives or any one in Nigeria...........I have spend 21 years in abroad and I know what I am talking about, not just only by my experience................many people here in abroad will tell you the same.........Even federal government can not be trusted in Nigeria............You forget very easily they politicians.........I will trust federal government only when they fulfilled all their campaigns promises

[@thefeminineeye]

I agree

[@aitinsights]

i just use a pdf editor for my form , just chage date and amount for each month.

[@FloFinance]

That's the way. Change only the date, amount (if necessary) and the signature. AIT you dey prepared for this FGN Savings Bond streak. Keep it up! Remember me in your paradise when the maga starts paying ooo. 😂

[@uduakobongpedro8270]

Etibe in Ibibio

[@MuhammadAbdulmumin-q7r]

In Hausa called "Adashi"

[@uchechiewiwilem575]

Thank you for that video. I have invested 2ce on govt bonds

[@samuelokwey955]

How did you do it? What is the minimum amount one can invest?

[@uchechiewiwilem575]

She stated it in the video. Minimum of a thousand naira

[@muritalaakande69]

There is nothing without a disadvantages vice-versa. Ajo is always interesting, If one join people that are financially sound and have good integrity. Thanks a lot.

[@transahabagroup458]

Most of the young girls na Hookup be them financial stability oo

[@ChristinaAlapbe]

We call it lera.

[@aquilabrisca7469]

I t is called ADASHE in Hausa

[@ikennaudoye491]

Ask a beginner how do I invest

[@ifyudeozo1827]

My challenge on the FGN bond is getting and paying a stockbroker as you explained in the previous video

[@ebelemaria1004]

Adashe in Hausa

[@zadoksworld8905]

Ngwanu, let's go for it guard me step by step

[@TomPraise-f8y]

Recommend a stock broker please

[@sandrajohn001]

It is called Adashi in Hausa language 😅

[@gamfewilliams]

Adashi

[@kanmaliving]

Thoroughly enjoyed ❤️❤️

[@ojimaojoatabo1745]

ADASHE IN HAUSA 😂

[@ekeneajana]

A very good registered cooperative helps... i save with one at an interest rate and you get your money when you need it with a 2weeks notice.

[@emmanuelchukwu5260]

You can invest in some treasury bills and bonds from some bank app

[@marksuccess8391]

Ajo is Yoruba language

[@mrchetachukwu6979]

Ajo, sounds like garlic in Spanish 😂

[@FloFinance]

😂 Same spelling but different pronunciations. Ajo (garlic) is pronounced aho.

[@nollywoodmovies1022]

Lol. Same pronunciation in heaven.

[@ogolaonazi1969]

Hausa is ADASHE

[@comfortmayaki5084]

Adashi in hausa

[@ekeneajana]

This cooperating also has an app for easy deposit and monitoring of account.

[@grandxanadu]

I fear this ajo like MMM.

[@ASeun]

Ajo is not limited to Nigerians, though. My Caribbean colleagues here in NYC call it susu and it comes with its dose of drama. I don't do it for the reasons you highlighted.

[@FloFinance]

This is my first time hearing this and tell you what? I am not surprised. The Caribbean people are our brothers and sisters after all. And see, they also call it a name similar to what it is known as in some parts of Nigeria. Chai o! Thanks for this information.

[@gemitaderah2980]

Akawo in igbo

[@oladeleogunfeyimi]

Flo, what stockbroker are you using?

[@RandomMZ1412]

Most times you get less than what you put in because the Susu manager will take a cut

[@Eby_100]

Tell me about it. I don't ajo

[@cynthiagbolahan-idowu8871]

Assuming you already have a stock broker, what's the next step.

[@FloFinance]

Contact them and tell them you want to invest in FGN Savings Bond. They will tell you what to do.

[@mohammedaliyufufore1116]

Ajo is Hausa

[@jvon5881]

I know many who are doing it in the US when there are banks paying 5% interest currently! I just have the amount I want to to save monthly automatically transferred to a high interest savings account and collect my 5 % interest every year !! Some people lack discipline as you stated and need this system to make them accountable !

[@FloFinance]

It's baffling that someone who has the discipline to contribute to monthly isusu does not have the discpline to set up a one-time direct debit to a high interest account like you did. I believe it's ignorance because even if the interest is small, it is better than the zero interest in ajo.

[@jemimahadohyakubu4684]

Ajo is Adashe in Hausa

[@Juliet-bf8jp]

Am interested My sister please help me

[@fridayayuba]

Adashe in hausa

[@bernicekitchen]

Thank you so much for this video. I don't know why I don't even like osusu right from the beginning, just feel I'll be scammed based on those I've seen it happened to around me.

[@FloFinance]

It has happened so many times, more often than not.

[@annan4368]

Thank you for the video. Ill definitely open one

[@maryjoe5240]

Thanks for sharing 👍

[@ngozidibia7278]

Thanks for this information.

[@agoiobunso]

Thank you so much❤❤

[@kingsleyogbuka9963]

Bless you mama ❤️

[@chiomauche5294]

Bye and thank you ma

[@justusmarthin853]

Oha in Igbo

[@princeeze52]

You say anything I understand you are just taking story.

[@nwannetheodorah909]

My problem is that I don't trust Nigerian banks😢

[@masterlightjames950]

They can't do anything to you unless you allow them.

[@thefeminineeye]

​@@masterlightjames950a lot of older people invested in the past and are still fighting for their money till today.

[@landesilva9388]

It only makes sense if youre the first or second person aside that there is no gain to ajo considering the risk if someone escapes with the money

[@FloFinance]

That no-gain part pains me special 😭 because if one has the discipline to do ajo, why can't the person send the same money to an investing account on a monthly basis and earn something from it, eh? These people no like good thing? Chai ooo!

[@thefeminineeye]

​@@FloFinanceseems interest rates on ajo can be higher

[@chiomauche5294]

Aunty i love all your vidos, please can you recommend a stockbroker for me

[@FloFinance]

Different stockbrokers have different minimum requirements. Watch the video in the description box to choose one based on your investment capabilities.

[@xbonny35]

Nice one, however by considering the inflation rate in Nigeria, you will notice that saving bond is not a good idea because your capital will depreciate. So what can you say about this ma ?

[@FloFinance]

I made 2 videos addressing the inflation concerns when we started this series because that was the word on a lot of people's lips. Watch the following: 1. kzbin.info/www/bejne/ZqWkdoOjfpyIrqM 2. kzbin.info/www/bejne/m6u6qoOQh5xng80 There's even a third video comparing this to those that said that saving in dollars is better. Watch: kzbin.info/www/bejne/hpCUpqSpftmnpqc I also shared my one fear: kzbin.info/www/bejne/q6m4lWSVnKidmc0 Any fear about this, we have discussed it on this channel. Enjoy!

[@xbonny35]

@@FloFinance Thanks ma, I like the idea of focusing on the figure as it is growing. For those who invest in big amount. I think inflation should not be a problem. Thanks for encouragement and for the video. God bless you

[@chidiebereonwe7983]

There is no idle cash . All my money must work for me. Thanks Flo for hammering on it