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It's Here: My Economic Predictions For 2019 - Business - Nairaland

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It's Here: My Economic Predictions For 2019 by debaj10: 2:00pm On Oct 04, 2018
It's been a while since I did this.
Get ready; it promises to get ugly.
Stay tuned.


Modified:
The future looks bleak.
But looks can be deceiving...
Re: It's Here: My Economic Predictions For 2019 by debaj10: 3:12pm On Oct 08, 2018
NSE has lost N1.8 trillion this year.
this means it is down by 15.32%, year to date.
do you recall the moronic ecstacy in January?
reality check.
Re: It's Here: My Economic Predictions For 2019 by debaj10: 6:15pm On Oct 22, 2018
The topic of today on all media outlets is RECESSION-
and how to avoid it.
Have you made yourself recession-proof today?
Re: It's Here: My Economic Predictions For 2019 by debaj10: 10:11pm On Dec 31, 2018
Here we go.

As at 28/12/2018, the NSE has lost 19.2% of it's value since January.
That's almost 1/5th of it's value, in one year.
This alone should terrify every single adult in Nigeria.
Recession, anyone?

The 2019 budget's benchmark is $60/barrel, at a production rate of 2.3 million BPD.
Crude is currently at $52.72 per barrel;
Crude production currently stands at 1.9 million BPD.
This means that before the year begins, our budget is already useless.
Again: Recession, anyone?

In 11 years (2030), the 6 countries will produce only electric or hybrid vehicles and machinery;
Japan, Portugal and the Indian city of New Delhi have ALREADY started phasing out combustion engines.
Therefore in the next 5 years, oil value will fall to $45-28 per barrel.
Oil will rapidly lose it's place as our primary source of forex.

This year, there have been 3 great strides in energy technologies:
1. Ultra capacitors
2. ‎Clean coal
3. ‎Lithium batteries.

This means in less than 6 years, batteries will be cheaper, last much longer and coal will increase it's market share in energy production.

Brief highlights:

Over 13 million children are out of school.

There's been a resurgence of polio and meningitis.

The green wall in the north has been neglected.

Petrol Subsidies are at N650 billion.

MAN currently in dire straits over lack of forex access.

Flooding damaged crops, mainly rice and other foodstuff.

NLC looming strike, as governors affirm their INABILITY to pay N30,000/month as minimum wage.

Us-China trade wars have
- dollar/yuan values.

2019 elections: Osun and Ekiti as precursors.

FG admits huge revenue shortfalls in 2018 budget.
- hence desperate clamour to sell off national assets.

Unemployment stands at 29.3% of the working population.

Complete breakdown of law and order in every state, resulting in:
- widespread corruption.
- ‎Armed groups roaming the countryside unchallenged.
- ‎Increase in kidnappings, cultism, ritual killings, suicides.
……
……

Bottom line:
1. Recession is coming.
2. ‎Famine is coming.
3. ‎Disease is coming.
4. ‎War is coming.
5. ‎ Refer to my other predictions-
https://www.nairaland.com/4767796/nigeria-death-nation

May God have mercy on our souls.

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