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

[@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.

[@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.

[@estherolubunmi1198]

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

[@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.

[@adepoju3695]

It's called Adashe in Hausa ❤

[@RolynRolyn]

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

[@ameera96]

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

[@Ovampa]

But business has interest !

[@nekpenaiguokhian7477]

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

[@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.

[@worshipthelordwithdance28]

We do it in Suriname South America to

[@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?

[@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. 👏🏽

[@ifyudeozo1827]

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

[@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

[@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.

[@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!

[@KingsleyEmenyonu-iu8ur]

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

[@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

[@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.

[@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 👏🏼

[@veraeverestus-okafor9573]

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

[@FloFinance]

Daalu.

[@musa-v3f]

@@FloFinance in swahili we call it UPATU

[@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! 😭

[@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]

😊

[@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

[@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

[@Hey_me]

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

[@stanley_odira]

So u made a full 10mins video about Nigerian Bond you couldn't mension the percentage interest of the bond???

[@ambroseutin2729]

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

[@annan4368]

Thank you for the video. Ill definitely open one

[@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.

[@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.

[@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

[@dr.michaelodu]

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

[@maxwellchizitere7278]

Thank you very much, please i want to invest in FGN but i don't know how to go about it... Please can you help to get a stock broker ?

[@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.

[@allenhart6790]

Long live Ajo !!!

[@NeematRasheed]

I will say start that ajo And use it to invest at the end

[@wealthgist7044]

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

[@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

[@adejokealmaroof9088]

Adashe in hausa language

[@ngozidibia7278]

Thanks for this information.

[@transahabagroup458]

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

[@jacobjessica7621]

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

[@emmanuelchukwu5260]

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

[@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

[@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.

[@kingsleyogbuka9963]

Bless you mama ❤️

[@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

[@kanmaliving]

Thoroughly enjoyed ❤️❤️

[@hadizaabdulkarim2547]

In Hausa it is called Adashi.

[@TomPraise-f8y]

Recommend a stock broker please

[@taiwoosibanjo164]

How do I invest FGN bonds

[@ikennaudoye491]

Ask a beginner how do I invest

[@zadoksworld8905]

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

[@maryjoe5240]

Thanks for sharing 👍

[@ekeneajana]

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

[@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

[@agoiobunso]

Thank you so much❤❤

[@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. 😂

[@oladeleogunfeyimi]

Flo, what stockbroker are you using?

[@chiomauche5294]

Bye and thank you ma

[@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.

[@justusmarthin853]

Meeting generally

[@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.

[@MuhammadAbdulmumin-q7r]

In Hausa called "Adashi"

[@WasilaYusuf-g3m]

Is called adashi in hausa

[@topesheriff118]

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

[@emmanuela.success8075]

You can take your Ajo and put it into FGN investment. Yes. Many was to Lagos.

[@ChristinaAlapbe]

We call it lera.

[@RolynRolyn]

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

[@aquilabrisca7469]

I t is called ADASHE in Hausa

[@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

[@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

[@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 🙏

[@Juliet-bf8jp]

Am interested My sister please help me

[@kokoessien2134]

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

[@gemitaderah2980]

Akawo in igbo

[@jemimahadohyakubu4684]

Ajo is Adashe in Hausa

[@chidiebereonwe7983]

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

[@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.

[@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

[@uduakobongpedro8270]

Etibe in Ibibio

[@ShafiuAhmed-o3o]

Adashe in hausa language

[@ChinonyeHappy]

My Beloved wife

[@victoriaameh4089]

Hausa call it adashe.

[@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.

[@valentinenriji8510]

Please can you suggest a good stockbroker to help me invest in fgn savings bond.

[@barrymascot8179]

Download Afrinvest 2.0. That's what i use since i came across this woman's teaching. But you can still check out others, though

[@abelgonsum9774]

Afrinvest got your back. They have a mobile app and a website, and good customer services

[@harykeibrahim6007]

What is bad in doing Ajo? I started ajo at the age of 16 years, and it has paid for me. It depends on who you're doing the ajo with. People had used ajo to build houses and sent children abroad. Investment can also fail. It is better you do what works for you. Poiicy can also change, so nothing is certain.

[@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.

[@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

[@sandrajohn001]

It is called Adashi in Hausa language 😅

[@justusmarthin853]

Oha in Igbo

[@grandxanadu]

I fear this ajo like MMM.

[@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.

[@Unity280]

Adasha in Hausa

[@michaelugabi4843]

Flo, good job,Federal government need to pay you and me some commission o. I called this FGN bond and Tb free interest money lolz .

[@FloFinance]

Tell them my brother. 😂 Thank you.

[@ebelemaria1004]

Adashe in Hausa

[@Kingajetun]

Can you recommend a stock broker. Is it possible to use bamboo app ?

[@ozmattstechnologies534]

Yes, it can be done on an app BUT it must be on the BANK'S app...not on a random app....send a private chat or just Google. You will.need to register with the bank (not an individual). Always remember, security first

[@chiomaiwhiwhu4690]

You need a licenced stockbroker to invest in FGN Savings Bonds. Banks cannot do it independently. I can share a Licenced stockboker if you are interested. Kindly put a chat across.

[@marksuccess8391]

Ajo is Yoruba language

[@fridayayuba]

Adashe in hausa