He was addicted to borrowing from loan apps

For three whole years. [View in browser](=.AzBQhCKNwYLhwf9zgfbicxtT30M2r5BocQQ2spNHrFA) [Zikoko Daily] 18 December, 2023 Hey . I complained to my colleagues earlier today that I still don’t have Christmas clothes, and they laughed at me. This is a serious matter, though. Getting Christmas clothes was my last connection to being a baby girl, and inflation is taking that away too. 😭 Anyway, for #NairaLife this week, our subject is a pharmacist and former loan addict. As in, he was in a constant borrowing cycle for three years. What’s that like? Tife Editor In This Letter: - 1 [These Nigerians aren’t excited about their low-budget Christmas](=.7Xc7rdOPNneegxKEin9KrBIrz2ZcLsPTcYJj7x8r3Yc) - 2 [“Carry Me Go was one of the most straightforward jams I’ve ever made” — Signal on his breakout hit](=.S5tWRLcpMrTW2aH6qxtEpPNz__y97gs7ag1hQjfGYAA) - 3 [In case you forgot, you have no business dating these groups of people](=.7UOUUBfMO1ouSTT9PIDADf5oTGFeiwlCpAqUBurOGFM) NAIRA LIFE The Inside Gist: The #NairaLife of a Pharmacist Who Overcame a Loan App Addiction =.2v_4Y0w2zwM3TbMjdswwqU5HyXtScij4QzxGT5aYtQw [Fun fact: This guy named his Naira Life “Fatai Rolling Naira” because of all the ups and downs he’s experienced with money. I didn’t know why until we sat down to talk about his story.] For starters, he came from money. “My mum had access to discounted tickets, so we flew for international holidays at least once yearly. We had three cars and lived in a ₦1m/month rented apartment. But my dad lost his job when I was in SS 2, and things changed at home. Our international holiday trips stopped, and there were no more random Chinese restaurant trips. We also never renewed our Ikoyi Club membership.” How did he get addicted to taking loans? “I first discovered mobile loan apps on social media while on my first ₦50k locum job. It started with just needing small change to sort something out before my salary dropped, but the interest rates are crazy, and you find that you’re paying back up to ₦12k on a ₦7k loan. When salary drops, you realise you need to top up because the repayment has eaten into your budget. It was a vicious cycle that followed me for a long time.” [Read his NairaLife here](=.jkbvLnwmzjEh0IKcu5vC1wilsxJc_DMKhRoXJxPTKbs) *We'll be tweeting answers to this on our Twitter account at noon, so feel free to tweet us your answers with the hashtag [#ZikokoDailyQuiz](#) --> Zikoko Daily's Top 3 For many people, inflation equals low-budget Christmas Everything is so damn expensive, we can’t even celebrate Jesus’ birthday without anxiously checking account balances. We spoke to eight people in the same boat, and while they’re making do with what they have, they aren’t pleased about it. [How they’ll spend Christmas](=.4NxmMgQDoIp3mj9zToY3aSVd7k2wrPpOF_pPlEUJ0T8) --------------------------------------------------------------- We spoke to afrobeats producer, Signal, about his processes You might know Signal from the hit single, “Carry Me Go”. He produced the track with Khaid in January, and has been on fire ever since. He shares his come-up story, how he handles industry pressure and his plans for 2024. [Here’s what he said](=.iClKb9aYQdyaojD6ET9GhDOby8Q_ezIiVUCv5Xi0yhA) --------------------------------------------------------------- Never ever date these people, please This shouldn’t even be a topic for discussion, but once your bestie has locked lips with a person, they’re off-limits. It’s the law. [These people are off-limits too](=.TYLPuDfWFHHQKEcCzZ58g36KShB0sj5OOqkApmwc_l0) Quiz What Will You Spend the Most on This December? If you live in Lagos, it’s most likely Bolt or Uber unless you’ve gone back to your roots to enter danfo. But take the quiz first. [Take the quiz](=.4BT2zqC7OPq-CaoMEUXiTgezq9wcJ09uET-jNIL4j9Y) Zikoko Recommends... (Some job openings & opportunities, because I need you to succeed in 2023 🙏🏽) - Joining Max Drive as a [Marketing Intern](=.tIffAkmUO1S0-Eaoj4iOPfrkAYd-iakp06712RPn-C8). - Joining Eat ‘N’ Go Limited as an [Operations Data Analyst](=.JqFyCCDra6rjhJwHtBpwCt2hjHntZ3u1BMzUdYgD60I). - Becoming a [HSE Supervisor](=.FzOfCRBKspLYpH9teCqVRpXZBM1M0jOxEPVT96uLc3w) at Maersk Line. - Becoming a [Finance Officer](=.XMJ2grBUF-B6-MVQQOvnhFDyUuF-N8IdZqY_rNKBmhQ) at UNICEF. Today, everyone is clicking on: 30 Latest Hairstyles for Nigerian Ladies in 2023 Look closely, you might even find Christmas hair inspo. 🚀 [Read it here](=.5u3-miFM5lXzT0qZVJktU_2Twhif47G22DTgEdsaKZU) Spread the love Did you like today's newsletter? Share this with someone who would enjoy today's Naira Life. 👉🏾 [Forward this email](mailto:?subject=Re: latest issue of Zikoko Daily&body=Thought you might find this issue of Zikoko Daily interesting. Did someone awesome send this to you? 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