Your plan is quite simple really - you want to leave the country, Nigeria that is - you've told yourself so for years now. finally you've decided to put procrastination to bed. And although the dwindling economy is a catalyst for your decision, it's also a blockage to your plans.

Here's how you see it:

$1= #1,100
minimum wage= #30,000

You have your waec results with you wrapped with your Bsc/Hnd/Ond

oops! you have none of that...but you have a skillset...what's it: gadget repairing, hair plaiting, good use of computer softwares, driving skills...YOU NAME IT!

Your Plane ticket, visa, agent n chillz, hotel, feeding to and at your envisioned destination would be running in tens of thousand...dollar-wise of course.

so you start with imagining how much $1000 would be in your currency at the current exchange rate

so what have we:
IF
$1= #1100

THEN
$1000= #1,100,000. (1.1 million naira)

BUT THAT'S JUST $1000....now imagine $10,000

With your country current exchange rate, that'd be a nightmare...one you'd want to wake up from.


what if I told you to not to wake up from that dream...what if I told you to dream just a little further to get the answer to your dilemma

JAPA: Another framework

see it this way henceforth. Zimbabwe, an African country was having its financial crisis WHILE Nigeria, ANOTHER AFRICAN COUNTRY was relatively stable
economically (dollar wise)

as at 2008 the peak of Zimbabwe economic disaster, $1= #140

Now that Nigeria is having its financial crisis guess what ---

ANOTHER AFRICAN COUNTRY'S ECONOMY IS RELATIVELY STABLE TO THE DOLLAR

YOU'RE LOOKING BUT NOT $EEING: The Big Picture

a) South Africa currency: Rand

$1= 19 zar

1 zar= #40.23

therefore $1000= 19,000 zar (compared to Nigeria's #1.1 million naira)

b) Ghana currency: ghana Cedis (ghc)

$1= 12ghc

1 ghc= #40

therefore $1000= 12,000ghc (compared to Nigeria 1.1 million naira)

( exchange rates as supplied by google)

Despite the fact that google may not be what's in reality over these countries, same way boko Haram and police brutality would still be rampant on 'google Nigeria', the data still gives glimpse of what is

Although they're both African countries, Nigeria is not Ghana and neither can Nigeria be compared to South Africa - BUT YOU HAVE A SMOOTHER CHANCE OF BUYING DOLLAR CHEAP IF YOU'RE EARNING THE OFFICIAL CURRENCIES OF THESE CURRENCIES COMPARED TO EARNING IN NAIRA

since the dollar is the world's trade currency, the cheaper is it to buy the dollar with your country's currency, THE STRONGER YOUR COUNTRY'S CURRENCY, IT'S ECONOMY AND THE BETTER IT IS FOR YOU

Buying the dollar cheaper with your COUNTRY'S currency means:

1) your country export sector is doing well ie your country is exporting juicy goods to other countries... juicy goods that attracts foreign currencies especially the dollars

and for your country to be exporting juicy goods only means the manufacturing sector in doing well meaning job creation... especially for you coming into that country

2) Nigeria's situation is a sad one cus as the dollar$ gained from selling crude oil and other services is brought into the country, it is exhausted at a surprising rate

I'll explain...

since Nigeria is not a producing country save majorly for the crude oil, there's no good produced that we can sell(export) to bring the dollar into the country


and since we don't produce good ie phones, weavons, shoes n clothes...down to the FOREIGN RICE YOU EAT, the dollars spent in purchasing these goods into the country(importing) IS GREATER THAN THE DOLLARS BEING INJECTED THE COUNTRY

the money gained from selling crude oil to be processed IS USED TO BUY THE processed crude oil back!

then the naira we gain locally is used to support subsidy which them translates to

NO DOLLAR GAIN + EXTRA NAIRA LOST= ECONOMIC BLACKOUT

even the Yahoo boys that bring dollar into the country end up buying cars that isn't Nigerian made, American designers, buy gadgets for themselves and their babes...still non- Nigerian made...those cars you're driving...Benz, Toyota, Lexus... the companies over there in their respective countries (Germany, Japan etcetera etcetera) don't accept your naira cus their citizens use their official currency over there

so after clearing your dollars earned to naira, you'd have to convert it back to dollars to buy those non-nigerian cars you're driving

EXACTLY! you're not the one converting the money...but the person who brought the cars from abroad to Nigeria is.

so you see, same same but different


following are the programmers...earn in dollars and give the dollars back...plus extra. we ballin deep baby!!

it's not like I recall a Nigerian company that produces phone?!

so up there is a case of -1 + 1 rii?
those earning dollars end up sending the dollars back to the america

WHAT ABOUT THOSE THAT DONT EARN IN DOLLARS?
earning in naira but still chasing dollar backed goods which translates to TOO MUCH NAIRA CHASING DOLLARS

enter bureau de change BDC operators, the central bank poison child... poisoning the mother while being breast fed...it's not like the baby is even growing healthy sef

the CBN makes them an extension of itself...like a franchise to give dollar to people who need it for important business or paying a loved one school fees abroad but what do the poison child do?

it buys up all the dollars, create artificial scarcity through hoarding and when the dollar demand is high WITH THE SUPPLY LOW, the price of these hoarded dollar sky rockets. those buying the dollar at this high price creates a domino effect for disaster economically

as I said earlier, BDCs are poison child. but the child has suckled and grown rii
who says a grown child can't be spanked?

so when dollar or other foreign currencies is brought to a country and it remains, it either means the citizens of such country aren't SPENDING MUCH of it to import goods BECAUSE THEY'RE PRODUCING MOST OF THE GOODS LOCALLY or as the foreign currencies is being injected, other businesses are being set up to bring more foreign currencies.

to wrap it up, if you can use 11 zar to purchase $1 compared to using #1,100 to purchase that same $1...where do you want to be?

you can't change the economy of your country singlehandedly - you're not a politician - even if you ever were, you'd have a godfather...a mentor sort of. Good luck to you when you don't listen to such a godfather.

obaseki jnr rii?

BUT one thing you can change is your country of residence and I've given you a blueprint for free. what's your damn excuse now huh?