{{contact.first_name}}, scared about where the country is headed?
Jul 28, 2022 11:14 am
As a Nigerian living in Nigeria, your fears are definitely not unfounded. This is why?
I'm sure you saw the rise in the exchange market as of yesterday confirming that a dollar has now skyrocketed to 710 naira.
Now this is a very serious problem to the value of our currency and even the general economic wellbeing of the country.
In a short period of time, we have faced a very serious hike in the prices of commodities like rice, diesel, cooking gas and even flight tickets.
But you know the most disturbing part in all of these? It's the fact that salary increment has not been implemented in a lot of establishments.
Who do we blame it on? The CEO or the economy? Definitely the economy because it's taking a huge ton on everyone.
Possibly you have taken a stand to stay optimistic but you see keeping an entirely open mind that everything would soon normalize without re-strategizing now is going to be a huge mistake that won't end well.
Let me explain this properly.
There are several predictions by finance analysts that Naira will not gain strength anytime soon. However, it may rise to 800 or even 1000 naira before the end of August
The reason is that there's no harmony between the CBN and the ministry of budgeting which we saw in the statistics they released recently.
Worse is even that what the country has now is used to service debts and they still borrow more to keep going.
If the people at the hem of affairs can't deliver their duties efficiently especially because they are not as affected as you and I at the bottom of the value chain, what do you think is your fate?
With the way things are going, companies are likely to fold up, relief staff of their jobs or face a hard time paying consistently, and so this is where you need to act fast.
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Best Regards,
Talithacumi Edom,
Marketing Specialist,
Future Syllabus,
cumi@futuresyllabus.com.