₦airaland Forum

Born2berich:
From Atedo Peterside: I attended an economic outlook session with top economists and top CEOs today and thought to share some of the perspectives. The session looked at Nigeria's economic direction for 2017. The summary: 2017 will be tougher than 2016. The economy will not recover until 2018, even 2019. Inflation will continue to be high (hovering around 20%)and Naira to dollar will remain in the 450s. With money scarce many more businesses will fold up, leading to job losses and more poverty. With inflation and high exchange rate the banks will not be able to give loans and when they do the interest rate will be too high to afford. With high inflation those with paid salaries are now actually earning less, that is if they will be lucky to keep their jobs... The presentation shows that all sectors of the economy (not just oil) are either falling or already in recession (below zero). Signs are all over: British Airways just converted it's Nigerian office into an agency; almost all foreign airlines now fuel in Ghana; many people now smuggle crops and raw materials out to earn dollasrs; 75% of vacant houses in Ikoyi and VI don't have buyers; Shoprite that opened in Ajah in August is still 70% empty as dollars to bring in goods is scarce and customer count is poor; 5 other big supermarkets in Lagos have closed shop etc.
The experts' advice:
1. Cash is going to be King and whoever has it or has access to it should preserve it.
2. Spend less than you earn; SAVE for the rainy day.
3. Cut down on avoidable merriment.
4. Expect the worst Christmas in 20 years.
4. Look for dollar or pounds-earning businesses if you can.
This is a privileged info, I hope it's useful to you.

Good morning all

Ariel20:
No more factories again na so so mall

Efriday1:
You violent fellow. You rattle on as you pls. You want a reply, but a single condemnation of your quran will cause ppl like you to start needless bloodshed. You defend the cause of an Allah that you feel is helpless in what you call jihad yet you claim ur religion is the one of peace. You should be ashamed.

GossipHeart:


I don't know why these Afonjas love our women so much

Bigajeff:
What do you expect when he didn't labour for it and sure to recover it on next Sunday offering.

dixon400:
Whr can I download a free one?

ollah1:
I have been waiting to see this. Why collect her phone when the phone is yours already "remotely"?

chiefobdk:
innoson is not even the biggest factory in nnewi...

Ijawboi:
Only 10,000 out of 600K?

Make I go razzle that ikeja babe joor

NickleTheory:
This shìt doesn't make sense...How can you live in the states for 30 years and be a common Cab driver and he had a degree for Fvcks sake .

chiwetaluAGU:
Igbos doing great things everywhere ... expecting our Eke-nja brothers from hell to infest thread like deranged locusts soonest!


Igboeze ekenee m unu

Lalastic inanaa, over to you
http://www.vanguardngr.com/2016/11/buhari-hails-okoros-world-bank-appointment-ogwumike

Mujtahida:
I guess that from your knowledge of things you know who runs the establishment in the US. Fears are rife for Trump's life. From Lincoln to Kennedy, presidents who have gone against the grain of the establishment have all been assassinated.