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Showing posts with the label economy

Ten (10) Tips on COVID-19 Palliatives Palava in Nigeria, Today

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Coronavirus Disease (COVID-19)  came as a shocker to many countries other than China in the year 2020 but many countries used their shock absorbers to manage the situation. This outbreak no doubt necessitated the total shutdown of so many activities across the globe, thereby, incapacitating its citizenry.  Due to this reality, many nations gave their citizens palliatives - foodstuff as at when due while some countries even gave out financial support to their citizens throughout the period of their forceful stay at home. This was nowhere near the reality of many states in Nigeria who were under lockdown from March till August 2020.  Although, some palliatives were shared at the 0.1% level while a larger share was hoarded for whatsoever reason by some state governors in Nigeria. It came as a shock to see many warehouses looted by hoodlums in Lagos, Nigeria at first to discover their entitlement. This tide, therefore, occurred at Kwara, Cross Rivers, Osun, Jos, Benin and other places in N

Ten Signs Economic Recession Still Dwells in Nigeria

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Economic recession as caused by either internal or external factors usually comes with many acquaintances that make it dwell longer than anticipated in any country. From a realistic point of view, there are several predictors or signs that showcase the presence of economic recession in a nation. These signs may/may not be easily noticed for a layman but he/she could make a proper distinction between the prior experience and the days of economic recession. This in itself makes it imperative to say layman feels the effect of economic recession without knowing what to attribute it to while the economic practitioners that are concerned with the happenings in any society would see the signs as a confirmatory effect of the economic recession. Significantly, the signs are highlighted below for further discussion; Fluctuation in prices of goods and services. Fluctuation in exchange rates per minute. Loss of monetary value. High cost of living. Low standard of living as a result of

Why Ijebu-Ode Will Not Experience Desired Development Anytime Soon

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Ijebu-Ode, one of the popular town in the heart of Ogun State - Nigeria, remains less-developed from earliest time till date for numerous reasons. One of which is why people move in and out of the area majorly for celebrating yuletide season (Ileya, New Year, Ojude Oba...). It is, therefore, worrisome when rich folks of Ijebu origin flocks around major cities within and outside Nigeria, leaving their beloved home in an apologetic state. This state is apologetic because Ijebu-Ode could not boast of certain essential elements (good roads, employment opportunities, sound/affordable public health care system, vibrant business activities...). There are numerous factors raised to justify why Ijebu-Ode will not experience development anytime soon among her contemporaries. Carefully, go through these factors and see for yourself Interest of Ijebu's It is often believed that interest of indigenes is a formidable factor to consider whenever there is a need for change and develo

Why Economic Recession Thrives Longer than Anticipated in Nigeria

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From time immemorial, issues regarding uprising and downsizing of the economic state of the nation across the World (Nigeria inclusive) has been of utmost priority to all and sundry bringing about different notions and arguments. Some scholars assume “economic twist” whether positive

Innovations Sustaining Nigerians Today; Diminishing Values in Return

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Society today hold in high esteem certain code and conduct which might not be common to other nations of the World - within/outside their continent. Practically, the fashion sense of the Westerners today (Americans and co) is totally contrary to the African (Nigeria in particular)

Entrepreneurial Options for Making 2017 Count in Nigeria's Recession Period

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Year 2016 like no other in Nigerian history is marked with a shocking twist in her economic fate under the anticipated governance of All Progressive Congress (APC). Although, the situation "economic recession" was a global phenomenon at that terrain but its (global) reaction and people's experience remains worrisome, particularly in Nigeria. Recession clothing comes with numerous unworthy accomplices that need adequate attention by rural poor, urban poor, rural rich and urban rich.  Such accomplices are; Inflation, Poor Standard of Living, High Cost of Living, Abject Poverty, Health Risk Factor, Increasing Crime Rate... Regardless of any/all these highlighted accomplices, sustenance and survival seem a highly essential thing craved by all because heaven is far from reach for an Average African man. Thus, the situation at hand requires diverse coping mechanism within (self-discovery) and outside (government intervention) the dwellers reach. Prominently, 21st

Niger State Agricultural Manifestation; Prototype for Nigerian Government

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Agriculture - the mainstay of Nigerian economy from time immemorial before the discovery of Oil in the 70's can still not be underestimated in this current dispensation. A trip to Kaduna on Monday 7th November, 2016 saw the manifestation of agricultural produce in Niger state under the ownership and management of private individuals.  Agricultural produce reflective in the land were Rice (Local), Beans, Groundnut, Pepper (Varieties), Cassava e.t.c. It is noted that majority of the produce were planted in acres of land with many local preventive measure. With the notion that Nigerian government should diversify from a her "blessed cursed" produce - Oil into agriculture due to the multiplier tendencies on economic growth and development.  Nevertheless, the gains of Nigerian government from Agricultural produce as earlier experienced are not limited in this current time to the following;  Assurance of food security  Availability of job opportunities for inhabi

Mark Zuckerberg Visit to Nigeria; Tips and Considerations

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         Like Linda Ikeji posted about the visit of Mark Zuckerberg to Nigeria I hold no different opinion about that considering his status (financially and socially) globally. Although, many powerful world leaders had stepped their feet on the green soil but he is not what anybody expected at all at the moment. I therefore see no reasons why Nigerians will slay Aunty Linda.

How to Make it in a Breathtaking Economy

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Achieving success in life is craved by all and sundry from anywhere in the world but diverse factors within and outside the individual can scupper the so-called dream. By the virtue of birth, some people has lived long enough on the face of the earth without knowing bitterness ( financial breakdown ) while the latter part of an individual strives day and night to make ends meet regardless of their helpless state. Note, the concern here is not the silver-spooned fellow but rather the less privileged who has no option to choose from when the economy floats progressively or retrogressively. It is thus essential to challenge the less privilege due to their disadvantaged position to survive in a " breathtaking " economy.          It is no longer news that handy work combined with distinct creativity served as the only way out of unemployment, poverty and its antecedents. This is sequel to say, individual skill/talents/ is the only tool that can salvage them from slavery wh