In the spate of the current economic woes of the entire nigeria state,it is very obvious that a get out of jail messiah of some sort to bring the economy back to its full potential would be a welcome development.....never in the mind of nigerians or even the economy managers have they imagined that Nigeria's problems economically lies in the hand of its formost indutralist.here are the reasons africa's richest man has the magic wand to resolve nigeria's economic woes.

1).the supply of forex:the influx of economically earn foreign exchange goes a long way in determining the size of a countries economy,mostly foreign earnings are repatriated from profits from foreign investment made by a country's nationals outside the shores of thier home countries.in this aspect as it concerns nigeria,less than 30%of foreign earnings comes from busineses of nigerians not owned by the federal government.aside from remittances from relatives of families living overseas and a few other earnings from local non oil export,the federal govt. Occupy a big proportion of foreign currency supply to the economy through its sale of crude oil nd natural gas.
Over the past 10 years,dangote has pursued an aggressive expansion project through out Africa,as he seeks to dominate the continent in cement production profit made by his firms all across Africa are increasingly becoming a large pool if fund for either rein investment into the country or simply supplied to the economy for fast profit round tripping through sales to import dependant bizmen.thereby,making up for a huge shortage of foreign currency in the country as occasioned by the drastic fall in the govt,hitherto,huge imported foreign revenue from oil sale. He fixes shortage of dollars supply.


2)..pulls down forex demand:It is a common knowledge by all Nigerian that Nigeria is a highly import depending nation since we import everything from automobiles to toothpicks. This in effect create a drastic and a huge demand for foreign currency with which to make those foreign purchases. its has been proven through sectoral study of international trade that petroleum products import constitute more than 45% of reasons we demand for foreign currency for international trade. now get the big picture,if Dangote build what is termed the world's biggest refinery according to production,then Nigeria will see a slow or a totally stoppage of fuel importation hence the boasting by the deputy petrol minister; kikachukwu. .this will in effect pull down the volume of demand for FOREX.


3)..the multiplier effect;.this one is one reason that will affect even the ordinary man on the street nd hence answers the questions of non economist of how does this bring down the cost if garri,rice,good etc in the market..if you noticed,you will realise that prices of goods especially foreign goods skyrocketed just after the drastic lose of value of the local currency in march last year. this is because of the increasing imbalance of the county's balance of payment .now let me explain .whenever your payment made for your imports surpassed the values of the total receipt value a country gets from its exports ; the country experiences deficit balance of payment and one if it's major consequences is that the value of your local currency will start to fall relative to other foreign exchange currencies, and this in return will make import vry expensive and export cheaper and vise- versa. the wider the gap of the total value of import compared to export,the worse your currency becomes .this has been the case for nigeria .you might want to wonder how this has been worse since the apc administration since import has always been more than export over two decades in nigera .reason is this before this administration, the huge forex supply needed to offset the high demand for forex for import was to a large extent earned by the FG through its sale of vry expensive crude oil that is no more obtainable since drop in price of crude. the Good news is dangote through foreign capital remittance from his industries will bring back the huge supplies of forex. also,in building his refinery,wld pull down demand for forex. this will subsequently mk imported goods cheaper again and stuffs like cars,engines,phones,t.v etc will experience price fall.also non import goods like garri,corn,beans,ugu etc Which has also seen increased prizes as a result of sellers trying to gain revenue that can sustain thier purchase of important foreign goods will also experiences reduced prices since their target imported goods is now cheaper .this in effect will reduce the sufferings of Nigerians...(now this is the big picture)..lets all just try to stay alive and in peace and await dangote as he is the unforseen messiah of the Nigerian economy