PowerOfLove:


Online teaching job

Do you teach a language online?

Toosure70:
🍀Die if you like, the Dollar will keep rising against the Naira!!!🍀
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1. Appreciation and Depreciation of Currency is not related to race or color. It isn't who is the President either; be he Hausa, Igbo or Yoruba. It is basically about the production of goods and Services and the demand of your products in the World market. A confused Country that produces almost next to nothing will never meet up. Policies only control your Currency, not the value of other Countries' Currencies against yours.

2. A Country where over 500 Industries died within 30 years must be Stupid to complain of Depreciation of her Currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example of depreciating Currencies and strong economy. China produces and may attract more export with that strategy, unlike Nigeria that produces nothing.

3. A Country where someone made away with $2+billion simply to be shared, is already a doomed one in terms of monetary policy and value. A Country that produces a Dizeani and a Bafarawa, who spent billions to appease Demons. Those money without economic value is an economic waste and poison injected into the system.

4. A Country that favours importation over local production is doomed because it creates employment for other Countries while sacking her own Citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me about the principle of comparative advantage here; it's not applicable.

5. A Country that exports all raw materials without adding value to them, is shameless to talk of depreciation of her Currency, and will later re-import finished products of those materials, is the peak of daftness. A bag of Cocoa will go for, like N1million Naira, but when it is processed, its worth is around N7million. Even farmers who produced the raw Cocoa can't buy the end product... Chocolate!!

6. A Country that deliberately operates a banking system that gives loans to importers at the expense of local industries, is doomed and should say nothing about depreciation. Most of the loans are given to Senators and Representatives not industrialists.

7. A Country that gives loans in billions to the agric sector without monitoring & evaluation of such loan on how it gets to the real farmers, is a Sham. A guy collected over N2 billion agric loan, he bought a Jeep, built a nice house and used the rest to import processed Pork. Meanwhile, local Pork Farmers are dying here. Is that not double tragedy, stressing Forex and at the same time killing local industries.?

8. A Country that spends more on few privileged politicians at the cost of the populace who are unemployed, should not talk about money depreciation. A Country that keeps paying NNPC Staff N10 billion as Salaries every month, when a single drop of Petroleum Products was not processed, should shut up about depreciation of Currency. The only value-added product to the system is rising Crime and Criminality!!

9. A Country where it is difficult for investors to register businesses because of the demand for bribes by governent officials. Right from the Airport to the Hotel; to the Ministers and to Governors, investors will bribe. All these are part of cost of investment. A friend brought an investor on Estate Development just for the State Commissioner for Lands to demand 30% of the investment! To see the Governor in a State will cost you N2 million as bribe before you can be scheduled. This is a State as poor as anything.

10. A Country where the cost of travelling for treatment abroad by government officials will build World Class Hospitals, should not talk about Naira against Dollar parity. Money taken on that trip is part of stress on forex. Same as forex spent on Pilgrimage. Let religion fanatics keep off me here. Without going to Mecca or Jerusalem, you can still make heaven. Yes! You waste forex on Pilgrimage and later talk rubbish about forex. Pilgrims get Dollars for N160 while industries get it for N350! Is that not Crazy ?

11. A Country where a
few people have access to Federal Reserves and those few can get loans, not because of what they can produce but the connection they have... Is that Country not doomed already?

12. A Country where we import what we produce because it's "Cheaper" to do so, is doomed.

13. A Country that has Arable land and teeming idle youths but still complains of hunger, should not talk about Currency depreciation. It's not only annoying but nauseating.

14. A Country where free money flows can never control inflow and outflow of Forex. Imagine someone who wants to hide his loot went to "Aboki", the Forex dealer, to buy Dollars worth $50 million just to hide it in the basement of his house. That money has no economic value, yet it deprived those companies that needed it to import raw material. The same Companies go to "Aboki" to buy the hard Currency at exorbitant price.

15. A Country where a strong Bank owner can influence Shares from within the Stock Exchange floor to inflate their Shares' worth from N20 to N150, crash the same Share to N30 and ready to buy it back at N28, all within a year. Forget it, the Currency will never appreciate in such an economy.

16. A Country where Banks are involved in round- tripping and inflated cost to siphon money, is doomed. A Company wants to import Caterpillar worth $50,000. A Bank made the forex for such import $550,000. Meanwhile no Caterpillar was imported at last, yet the money faded into private accounts. Who strained the Forex exchange rate in that case?

👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾

All problem points identified. It all sums up to the big word “CORRUPTION!”

Unfortunately, our leaders and ourselves will do nothing about it, and our economy continues to crash.

What’s the way forward?

That’s why Nigeria is tiring and frustrating and people leave never to come back because our problems are deep rooted and never resolvable.

mrvitalis:
I don't know what metrics he is using but for me naira is over valued at 1300

If I were president I would devalue to #1700 then aggressively defend it there as I would have the liquidity to do so

Key thing is we need to identify key areas we have global comparative advantage.. ( what we can produce cheaper than most part of the world or what we have the potential to produce cheaper than most of the world) and heavily provide credit facility to this sectors

Driving export, increasing for example earnings

If we remove the subsidy on electricity and invest 700bn as loans to bank at 3% interest rate to be given to only players in the cassavacassava/ sweet potato to ethanol industry... I believe we can catapult that industry to a multi billion dollars industry creating millions of jobs and getting our investment in 10 years max

First of all, I didn’t know about the usefulness of ethanol.

2. I didn’t know ethanol is gotten from cassava, I only think of garri/fufu/tapioca starch/animal food when I hear cassava.

3. Cassava is easily grown in Nigeria and very cheap.

That is to say, we are one step ahead if we harness this area and make the best of it.

But will government give this loan to this sector to tap-tap?

wink2015:



There is a simple solution to manage the decline of the NGN ( Nigerian Naira )

The solution is that Nigeria should go into PRODUCTION.

End insecurity and corruption and face massive mechanized Agriculture.

This is what the government wants us to do, yet the policies to assist developers are not there.

Look at:
1. Insecurity
2. Lack of stable electricity
3. Bad roads
4. Fuel costs
5. Unwarranted killings
6. How poor the buyers of these products are.

☹️☹️☹️☹️☹️☹️☹️☹️☹️

Well, me I will not give up, I will still do my business. That’s the only way I can be free from the rat race.

Business!!

Congratulations 🍾

At this new job, my advice:

1. Be open minded and learn the core business aspect of it.
2. Don’t steal and be honest in your dealings.
3. Save for the future.

mrvitalis:
I don't know what metrics he is using but for me naira is over valued at 1300

If I were president I would devalue to #1700 then aggressively defend it there as I would have the liquidity to do so

Key thing is we need to identify key areas we have global comparative advantage.. ( what we can produce cheaper than most part of the world or what we have the potential to produce cheaper than most of the world) and heavily provide credit facility to this sectors

Driving export, increasing for example earnings

If we remove the subsidy on electricity and invest 700bn as loans to bank at 3% interest rate to be given to only players in the cassavacassava/ sweet potato to ethanol industry... I believe we can catapult that industry to a multi billion dollars industry creating millions of jobs and getting our investment in 10 years max

See, manufacturing machineries too. We have a good number of metal producing companies and plastic producing companies in Nigeria. Our engineers can design machineries and manufacture them to business needs.

We are not just thinking outside the box in this nation.

We can produce absolutely everything in Nigeria just like china is doing.

May God give us wisdom and brains 🧠 to use to our own effect.

Na everything we think we should import.

hakeemhakeem:
Oyingbo and Ajegunle

Thank you 🙏

Shomek:
I will pray
i belive in the true god i don't belive in religion

so i will work/rest at those times

Good 👍🏾

Ltrust1:

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FarmPlanetNG:



IdiOro in mushin. Even 5.30am

Thank you 🙏

FarmPlanetNG:



The gap.isnt that much

So, recommend an early morning market for me, friend.

FarmPlanetNG:



The gap.isnt that much

It’s profitable for the resellers though. Once it starts to get dawn, the market starts to close and get expensive.

Noticed that in Asia too

FarmPlanetNG:
Nothing of such. Who told you Lagos markets do not open at these times? Idi oro, Mile 12 has traders selling by 5am.who come dorectly from farms. But you enjoy to get the bigger produce but doesnt always mean cheaper than day time. The advntage is that 5-6am.traders buy the bulk of the goods while the rest are shared by late comers.

But early morning markets are usually the cheaper markets especially for day time resellers. This I have noticed in all markets around the world, that 4 or 5am markets are the cheapest.

I’m talking 5am market where one can get food items at way cheaper prices or wholesale prices directly from the farmers.

Which one is in Lagos?