I wonder where Naija is heading 

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If current trends continues, Nigeria will be the most expensive country to live in 2010. The analysis was drawn by economic experts both within and outside the country, who revealed that the current drop of Naira value against the Dollar will drastically raise the cost of living in Nigeria by almost 200%.

The analysts revealed that 85% to 90% of all products being consumed in Nigeria is imported, as a result, the cost of living increases against any drop of naira value against the dollar.

Industries in Nigeria are failing as a result of the financial crunch worldwide, Nigerian banks cannot carter for the increasing demand of loans from businesses in the country.

Meanwhile, one of the country's biggest private corporation "Dangote Group" has started sourcing for loan from outside the country while more than 600 of its employees has lost their jobs.

Foreign investments has already left the country last year which results in the increase on Imports from the second quarter of 2007. Meanwhile, the country's foreign reserve which amounts to Billions of dollars will become worthless while the dollar is falling against other major currencies like the Euro and the British Pounds.

Reports from the Central Bank of Nigeria shows that Nigeria was in recession since 2006 when the Bank started proposing for the devaluation of the currency.

Where will they get loan when the banks are also crunching.

Move over Belgravia and Beverly Hills,  Nigeria is the new playground of the rich, and pleasure capital of the world.

Many nations can boast of suffocating squalor, cratered highways, crime-shortened life-expectancy, and a total absence of usable grid electricity, but to pay through the nose for those sublime privileges, connoisseurs must head for Nigeria.

Remember, the only GENUINE filth and random mortal dangers are those one purchases at astronomic cost.

Visit Nigeria Today and Slay Predictability.     Every day survived will there will be such a pleasant surprise that you'll find yourself bouncing checks just to buy property there, without even caring whether or not the sale is legal. 

Would the 419 Letter Writers' Union please note that my new residential address is as follows :

Jakumocean Vista Manor
Seagul Circle Number 7, off Boulevard De-La-Sewage
Ajegunleria-By-Th'Sea,  North Shore
Lagos W4 UD2 

Have your secretary call mine and lets do lunch sometime.

Great news!!! The West can now put a sock in it!

[center][size=16pt]Most expensive country by 2010 i.e. Next year?[/size][/center]
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it already is

Reports from the Central Bank of Nigeria shows that Nigeria was in recession since 2006 when the Bank started proposing for the devaluation of the currency

Lie.Nigerian economy has been in recession since the eighties.

asha 80:

Lie.Nigerian economy has been in recession since the eighties.

lol

asha 80:

Lie.Nigerian economy has been in recession since the eighties.

its economy can be in recession and still be the most expensive country. MULTI-TASKING! we already pay some N26,000 for a 45 minute flight from lagos to abuja.