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Top 25 Likely Risks Nigerians Face In 2024 by MrPristine: 5:42pm On Feb 23 |
*TOP 25 LIKELY RISKS BEFORE NIGERIA IN 2024* *1. Business closure:* Potential eventuality or threat of a business ceasing its operations permanently or temporarily. *2. Job losses:* Individuals losing employment opportunities, due to economic downturns or organizational restructuring. *3. Crime/theft:* Potential increase in criminal activities such as theft, fraud, violence, or cybercrime, leading to harm, loss, or disruption to individuals or organizations. *4. MNC divestiture:* Likelihood of large corporations or multinational companies withdrawing their investments, operations, or assets from the country. *5. $1 to N2,000:* Continued significant impact on the Naira, up to a USD exchanging for N2,000 before June 2024. *6. Fuel price hike:* Further increase in the cost of fuel, which can impact transportation costs, production expenses, and consumer prices, potentially leading to economic hardship. *7. Inflation:* The consumer price index may continue its downward spiral, increasing to 35% by H1 2024. *8. Protests/Social unrest:* There may be public demonstrations, strikes or civil disturbances resulting resulting from grievances or dissatisfaction with government policies, social inequalities, and economic hardships. *9. Debt crisis:* The country may be pressured to result into borrowing in other to meet and financial obligations. *10. Health implications:* Citizens may be affected mentally and outweighed by their inability to afford basic medical supplies or consumables when required. *11. Family disorientation:* Breakdown in family relationships or structures, which may result in emotional distress, social dysfunction, or negative outcomes for individuals, communities, and the Nation at large. *12. Out of school crisis:* Private schools may hike school fees to meet operational challenges and this may result in children staying out of school if parents are unable to afford the fees. *13. Famine:* Threat of widespread and severe food shortages leading to starvation and malnutrition within a population. *14. Diminishing Nation brand:* Decline in the country's reputation, image, or perception on the global stage, potentially affecting tourism, investment, trade, and diplomatic relations. *15. Ethnic & religious disintegration:* Political manipulation of present economic challenges leading to fracturing or breakdown of societal cohesion along ethnic or religious lines within a community, region, or country. *16. Agitation for secession:* Increasing demand and organized efforts from a region, group or an ideology within a country to seek independence or separate from the existing national entity, leading to the fragmentation or dissolution of the state. *17. Low FDI:* Insufficient or declining inflows of investment from foreign entities into domestic businesses or projects. *18. Contract default:* Failure of parties to fulfill obligations or commitments as outlined in contractual agreements. *19. Revenue shortage:* Shortfall or inadequacy in the amount of income or funds generated by national and subnational governments compared to what is required or expected to meet financial obligations and sustain operations. *20. Public Service collapse:* Breakdown or deterioration of essential government services and functions such as security, electricity, transports, water, etc that are critical for the well-being and functioning of society. *21. Labour strike:* Possibility of organized workers withholding their labor as a form of protest or bargaining tactic to demand concessions from their employers, especially govt. *22. Inflexible policy:* Negative consequences stemming from the enactment, adoption or enforcement of rigid or unresponsive policies that fail to adapt to changing circumstances or needs. *23. Demographic pressure:* Challenges and consequences arising from changes in population dynamics, particularly population growth, aging, and migration patterns, that exert strain on social, economic, and environmental systems. *24. Black tax:* Increase in financial burden placed on privileged relations from family and friends limiting their ability to build wealth, invest in their own futures, or pursue personal aspirations. *25. Corruption:* Individuals in positions of power or authority may engage in unethical or illegal activities for personal gain, at the expense of the public interest or welfare. Thank you. __________ Copied from another wall |
Re: Top 25 Likely Risks Nigerians Face In 2024 by coputa(m): 5:46pm On Feb 23 |
MrPristine:Correct permutations, Nigerians don't need a prophet to know this. 1 Like |
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