Sometime early last week, I had the opportunity to read the 2015 GTB Economic analysis which was sound I must say and it got me a bit worried, Do you know the real reason(s) why the Dollar is going up and may continue going up for a while? ( see the REAL current exchange are here http://abokifx.com/ ) , are people really aware of what is going on?
Click to download and read for yourself here
Yes the picture looks bad, fuel scarcity may be re-occurring at intervals till most of this year, the oil price may not recover for a while since most of the oil producing nations are not showing any sign of reducing production, government is very broke, 2016 Budget may take a while before it is approved, so alot of government payments will not come on time and most importantly, exports from Nigeria are too low compared to our preference for imported goods....but not to worry, out of great stress comes the best of jewels i.e. the Diamond.
One thing I have realized is that history repeats herself. Do you know that every time there were recessions and depressions globally, a new crop of Wealthy men emerge? We all witnessed the crop of rich men that were created with the emergence of the Fuel Subisdy in Nigeria or the Nigerian Stock Exchange boom and a number of other examples: it is a time of creation of a new type of wealth. Wealth will change Hands!
Have you taken your own position to benefit from all this?
What will you do to benefit from this round of Wealth Creation?
1st you need to know where the money is flowing and who will be in control. And then you need to know when and why.
As the Dollar remains high, Nigerians will reduce the quantity of imported stuff which they consume at 1st and if the situation continues, they will begin to find local cheaper alternatives.
Can you provide these alternatives?
I can tell you that the areas that will require immediate attention will be in things that people use daily, food we consume and how we relax.
I traveled by road over the weekend to the eastern part of Nigeria from Lagos and we stopped at Agbor in Delta state to buy some food stuff by the road side. I saw some very interesting prices e.g. 17 Oranges were going for N200 while about 10 - 12 Oranges sell for N200 in Lagos (Some people were even arguing that it should be 20). I wondered how much it would cost if we went into the village to buy instead of the road side.
We can all go back to the farm, it only takes one ear of corn to make a plot of land full of corn farm
Knowing "when and why" has to do with understanding why the Naira is falling and reading the signs to know when it may recover.
If you know that fuel scarcity will persist, why don't we start investing in alternative power supply solutions?
I enjoy the common sense advocacy by Senator Ben Bruce which encourages buying made in Nigeria Products. You can read more here http://benbruce.org/2016/02/22/buy-naija-to-grow-the-naira/
However, as we begin to buy more made in Nigeria products, growing the Naira will take a while and in that short space of time (which may be up to 5yrs), we are looking for the new crop of millionaires in Nigeria who will make money from supporting and growing Nigerian products to export quality.
As for me, I have taken my own position.
#buyNaijaGrowTheNaira
Click to download and read for yourself here
Yes the picture looks bad, fuel scarcity may be re-occurring at intervals till most of this year, the oil price may not recover for a while since most of the oil producing nations are not showing any sign of reducing production, government is very broke, 2016 Budget may take a while before it is approved, so alot of government payments will not come on time and most importantly, exports from Nigeria are too low compared to our preference for imported goods....but not to worry, out of great stress comes the best of jewels i.e. the Diamond.
One thing I have realized is that history repeats herself. Do you know that every time there were recessions and depressions globally, a new crop of Wealthy men emerge? We all witnessed the crop of rich men that were created with the emergence of the Fuel Subisdy in Nigeria or the Nigerian Stock Exchange boom and a number of other examples: it is a time of creation of a new type of wealth. Wealth will change Hands!
Have you taken your own position to benefit from all this?
What will you do to benefit from this round of Wealth Creation?
1st you need to know where the money is flowing and who will be in control. And then you need to know when and why.
As the Dollar remains high, Nigerians will reduce the quantity of imported stuff which they consume at 1st and if the situation continues, they will begin to find local cheaper alternatives.
Can you provide these alternatives?
I can tell you that the areas that will require immediate attention will be in things that people use daily, food we consume and how we relax.
I traveled by road over the weekend to the eastern part of Nigeria from Lagos and we stopped at Agbor in Delta state to buy some food stuff by the road side. I saw some very interesting prices e.g. 17 Oranges were going for N200 while about 10 - 12 Oranges sell for N200 in Lagos (Some people were even arguing that it should be 20). I wondered how much it would cost if we went into the village to buy instead of the road side.
We can all go back to the farm, it only takes one ear of corn to make a plot of land full of corn farm
Knowing "when and why" has to do with understanding why the Naira is falling and reading the signs to know when it may recover.
If you know that fuel scarcity will persist, why don't we start investing in alternative power supply solutions?
I enjoy the common sense advocacy by Senator Ben Bruce which encourages buying made in Nigeria Products. You can read more here http://benbruce.org/2016/02/22/buy-naija-to-grow-the-naira/
However, as we begin to buy more made in Nigeria products, growing the Naira will take a while and in that short space of time (which may be up to 5yrs), we are looking for the new crop of millionaires in Nigeria who will make money from supporting and growing Nigerian products to export quality.
As for me, I have taken my own position.
#buyNaijaGrowTheNaira
