₦airaland Forum

Next year is an election year, with lots of implications for funds. Stay ahead of the curve.

Strangely I am not a fan of FDI. Domestic investment should be the main driver of economic growth in any country. Unfortunately our lending environment is very turgid, and is not helped by high CBN lending rates.

A month forward, and the naira on the anonymous market is now at 169 naira. careful observation seems to indicate that there is a strong push somewhere to further devalue the naira in the wake of a strengthening dollar. Many currencies have already taken this step.

Nigeria is surrounded by french speaking countries, which use the CFA franc. this currency is tied to the euro which has been devalued in comparison to the dollar.

What does this mean?

If your business sees you dealing with clients in neighboring countries, a propped up naira will make your goods expensive for these clients

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More details

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Looking at some of the indices:

Inflation has risen for over 4 months now, and coupled with the fact that we are about to enter a election year, I don't think it is subsiding any time soon.
It might be better to move into more stable currencies. The US fed is likely to raise interest rates soon. This should make the dollar stable and a good option - at least in the short term.

Also to note is that oil prices have been dropping. This can be linked to the increase in US shale oil production. US production capacity is only going to increase in the future. They have made significant investments in their efforts to reduce dependence on international oil.

In summary what am I saying?

Watch any investments in naira as the naira is likely to lose value
In the short term, the dollar is likely to strengthen.

i ve settled with ikeja. the gra side is so peaceful... on weekends )

Pptyconcession:
for get ogudu guy....come live in Yaba....choose the sweet part of Yaba and dont die of traffic.

According to survey, those that stays in traffic for aboit 2-3 hrs per day for 1yr....faces the risk of depression and heart attack.

Yaba is the best interms of accessibility and security. Adekunle Estate
Grace Court Estate
Danny Estate
New Court Estate
Lavender Court
Heliconia Court
Adaba Mews Estate
HFP Army Barracks Estate
Alagomeji, Olonade
Bornoway at Alagomeji etc.........

call us at The Property Concession Company for best properties within the Yaba axis and you will have peace of mind and you face little or no traffic. I have clients that have moved from Lekki to Yaba and now they are
enjoying no traffic......

LEAVE IN YABA !!! FACE NO TRAFFIC...ENJOY ACCESSIBILITY.....

07051590841
08024772756
thepropertyconcessioncompany.estateagentsng.com

I ll check it

metrixserv: security wise,accessibility,serenity,trafficwise, pls take Ogudu gra. I live and have my office in the neighbourhood. You can cconnect anywhere anytime, call me if u need accomodation there
08029091965

thanks.

Ogudu , Ikeja, Ikorodu, Yaba, Surulere
best?