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I Am More Worried About The Economy. - Family - Nairaland

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I Am More Worried About The Economy. by Nice2023(m): 3:28pm On Feb 14
I really do not understand the Nigerian economy as it seems everyone is adding their frustration into what they are selling.

Currently,dealers of cement are buying 6k directly from Dangote and resell to retailers at 7k per bag while the retailers are selling to ends users at a ridiculous amount ranging from #10,500k,#10k down to #9,500.

How would young men and women build new houses when things are roughly out of hand in this country. The president promised workers 35k additional wage to cushion the effect of hardship.

Surprisingly,some haven't been paid a dime,some only received ones,others twice and many other promises that have failed.

Now for beans,a bag if beans was 45 to to 50k two weeks ago,now same has gone up beyond control. In Abuja a 50kg of beans is close to 80k while in Nasarawa is a bit lesser.

I really don't know what is happening even sugar has added money.

May God help the needy,the poor and defenceless.

8 Likes 1 Share

Re: I Am More Worried About The Economy. by Acidosis(m): 3:40pm On Feb 14
A bag of cement is 10k now?? Lord have mercy.

Bulk purchase is the way to go for those who have the cash. There is no point keeping your money in the bank hoping for a miracle from ardent and hardened criminals in power. Bankers will get richer with your money and leave you with your hyper-deflated crumbs.

1 Like

Re: I Am More Worried About The Economy. by blackpanthar: 3:44pm On Feb 14
Nice2023:
I really do not understand the Nigerian economy as it seems everyone is adding their frustration into what they are selling.

Currently,dealers of cement are buying 6k directly from Dangote and resell to retailers at 7k per bag while the retailers are selling to ends users at a ridiculous amount ranging from #10,500k,#10k down to #9,500.

How would young men and women build new houses when things are roughly out of hand in this country. The president promised workers 35k additional wage to cushion the effect of hardship.

Surprisingly,some haven't been paid a dime,some only received ones,others twice and many other promises that have failed.

Now for beans,a bag if beans was 45 to to 50k two weeks ago,now same has gone up beyond control. In Abuja a 50kg of beans is close to 80k while in Nasarawa is a bit lesser.

I really don't know what is happening even sugar has added money.

May God help the needy,the poor and defenceless.




GOD HAS NOTHING TO DO WITH IT.

the same needy and poor you are asking GOD to help are the ones who VOTED IN THE CURRENT ADMINISTRATION.

See. the solution is in STARTING EARLY.

Once you see there is no HOPE in a particular direction then SWITCH.

This is why many in the poor class are witches n wizzarrrds... because they are bitter and hate seeing progress of others.

EDUCATION is the SOLUTION and FLEXIBILITY is the character approach towards it.

EDUCATION should never be Mistaken for SCHOOLING

It is lack of EDUCATION that makes us call on GOD for security issues, meanwhile ISREAL(GOD'S OWN NATION) responds to security issues with FIERCE BRUTE EXECUTION... so definitely we do not KNOW GOD.

If people are EDUCATED... many will relocate to neighbouring countries and start afresh there.
Those who have some money will relocate out of Africa

THOSE WHO CAN'T DO BOTH will get into TECH and digital space and make use of the opportunities there.

THE GREATEST BUSINESS IDEA I CAN GIVE is simply this:

GOD SPOKE TO ME MANY 6 YEARS AGO about it... INVESTING IN DOLLARS/GOLD because it never come down.

I do not take it lightly when I say GOD SPOKE to me, I wasn't idle or a mental HOBO, I was studying FINANCIAL TRENDS, INDICES AND STOCKS FOR YEARS before GOD'S LIGHT ILLUMINATED MY MIND.

Do your research, when TINUBU entered if you bought as LITTLE as $100 at the rate back then.... TODAY YOU WOULD BE SMILING... while others are complaining. BECAUSE your money would have doubled. SAFEST INVESTMENTS ever....

So take it back to 6 years ago, if you have been SAVING IN DOLLARS SINCE THEN....... 2024 would be a breeze for you and you won't feel the heat.

But how many BIG PASTORS heard GOD and warned the people so they would not be suffering today... our RELIGIOUS APPROACH in AFRICA is not economically profitable.

All I am saying is, NIGERIA deserves what it is currently getting and ANYONE WHO WILL RISE OUT OF THE ASHES SHOULD THINK DIFFERENTLY INSTEAD OF COMPLAINING.

CURSING THE DARKNESS DOESN'T BRING THE LIGHT

3 Likes

Re: I Am More Worried About The Economy. by ogawisdom(m): 4:48pm On Feb 14
Go and buy USD to re- sale in 2 months time when it hits 2500 & build.

Salary earners especially those earning below 200k will become poorer without extra sources of income.

Nigeria is heading the Venezuela path.

The leadership lacks the capacity to manage this Crisis and hyperinflation.

3 Likes

Re: I Am More Worried About The Economy. by online4business: 5:42pm On Feb 14
This is the beginning feb-march will get even tougher.

If you're in Nigeria get out now why you can.

If you can't then start planting and growing your own food.

Buy NECESSITIES in bulk because it'll keep going up.

If you want to make money online with blogging join the SIA (SEO intelligence agency or Internet marketing gold) IMG.

BUT that's not all.

Stand in the shoulders of legends so you can see front clearly.

Find the following people on YouTube and start from there.

Gary bencivenga marketingbullets. Com
Gary halbert thegaryhalbertletters. Com
Dan Kennedy the professor of harsh reality
Ken McCarthy
And scout Haines (late)
Robert ringer

This are few of people you should follow to know how the world really works and make $$$ online.

These are og's no people who show you bs on YouTube just to get affiliate commission.

Save yourself totis tois

1 Like 2 Shares

Re: I Am More Worried About The Economy. by DogDaysAreOver: 6:36pm On Feb 14
Nice2023:
I really do not understand the Nigerian economy as it seems everyone is adding their frustration into what they are selling.

Currently,dealers of cement are buying 6k directly from Dangote and resell to retailers at 7k per bag while the retailers are selling to ends users at a ridiculous amount ranging from #10,500k,#10k down to #9,500.

How would young men and women build new houses when things are roughly out of hand in this country. The president promised workers 35k additional wage to cushion the effect of hardship.

Surprisingly,some haven't been paid a dime,some only received ones,others twice and many other promises that have failed.

Now for beans,a bag if beans was 45 to to 50k two weeks ago,now same has gone up beyond control. In Abuja a 50kg of beans is close to 80k while in Nasarawa is a bit lesser.

I really don't know what is happening even sugar has added money.

May God help the needy,the poor and defenceless.






lol
Re: I Am More Worried About The Economy. by lajid: 6:48pm On Feb 14
Nice2023:
I really do not understand the Nigerian economy as it seems everyone is adding their frustration into what they are selling.

Currently,dealers of cement are buying 6k directly from Dangote and resell to retailers at 7k per bag while the retailers are selling to ends users at a ridiculous amount ranging from #10,500k,#10k down to #9,500.

How would young men and women build new houses when things are roughly out of hand in this country. The president promised workers 35k additional wage to cushion the effect of hardship.

Surprisingly,some haven't been paid a dime,some only received ones,others twice and many other promises that have failed.

Now for beans,a bag if beans was 45 to to 50k two weeks ago,now same has gone up beyond control. In Abuja a 50kg of beans is close to 80k while in Nasarawa is a bit lesser.

I really don't know what is happening even sugar has added money.

May God help the needy,the poor and defenceless.




How much then is bua cement?
Re: I Am More Worried About The Economy. by Caaz: 10:30pm On Feb 14
lajid:


How much then is bua cement?
10'500naira.


The inflation is crazy I must tell you.
Re: I Am More Worried About The Economy. by lajid: 5:13am On Feb 15
Caaz:

10'500naira.


The inflation is crazy I must tell you.

Omo, pls what state is that?
Re: I Am More Worried About The Economy. by omooba969(m): 4:26pm On Feb 15
online4business:
This is the beginning feb-march will get even tougher.

If you're in Nigeria get out now why you can.

If you can't then start planting and growing your own food.

Buy NECESSITIES in bulk because it'll keep going up.

If you want to make money online with blogging join the SIA (SEO intelligence agency or Internet marketing gold) IMG.

BUT that's not all.

Stand in the shoulders of legends so you can see front clearly.

Find the following people on YouTube and start from there.

Gary bencivenga marketingbullets. Com
Gary halbert thegaryhalbertletters. Com
Dan Kennedy the professor of harsh reality
Ken McCarthy
And scout Haines (late)
Robert ringer

This are few of people you should follow to know how the world really works and make $$$ online.

These are og's no people who show you bs on YouTube just to get affiliate commission.

Save yourself totis tois

You Nigerians are experts in adjusting to hardship instead of holding your politicians to account.

Very docile group of people! undecided

4 Likes 1 Share

Re: I Am More Worried About The Economy. by fyzaila: 5:29pm On Feb 15
Nowadays salary is just for survival o, little or nothing to save walLahi cry

1 Like

Re: I Am More Worried About The Economy. by tensazangetsu20(m): 5:52pm On Feb 15
And people are still getting married and having Nigerian born kids shocked shocked shocked

6 Likes 1 Share

Re: I Am More Worried About The Economy. by Karleb(m): 5:56pm On Feb 15
If you can wait a little longer, things will become worse.

People that are abroad and people that are dead don't know what the lord have done for them.

2 Likes 1 Share

Re: I Am More Worried About The Economy. by tensazangetsu20(m): 6:06pm On Feb 15
Karleb:
If you can wait a little longer, things will become worse.

People that are abroad and people that are dead don't know what the lord have done for them.

Bros abroad no easy but I don't think anywhere on earth is currently as bad as Nigeria now. I can't even imagine what Nigeria will look like after 8 years of APC. I predict that a lot of children will kill their parents out of frustration for birthing them in Nigeria.

5 Likes 1 Share

Re: I Am More Worried About The Economy. by online4business: 6:13pm On Feb 15
omooba969:


You Nigerians are experts in adjusting to hardship instead of holding your politicians to account.

Very docile group of people! undecided

I fell you say I be Nigeria?

I quit to never come back again
Re: I Am More Worried About The Economy. by Karleb(m): 6:24pm On Feb 15
tensazangetsu20:


Bros abroad no easy but I don't think anywhere on earth is currently as bad as Nigeria now. I can't even imagine what Nigeria will look like after 8 years of APC. I predict that a lot of children will kill their parents out of frustration for birthing them in Nigeria.

Abroad no easy, abroad no easy but e no fit bad reach this current Nigeria.

I care little about how bad things are now, even tho they are really bad, my fear is how bad things will get.

30k is $20 now grin, in 3 months e fit be $10 grin grin

Do you know how bad that is? We have really poor and abysmal purchasing power. Like, we no get any level. Chai! cry

Omo! I no just understand.

If we had no leader things wouldn't even be this poor but then sha, my people talk say na igbo man be their problem say make we elect our brother, when we no gree dem call us bastard.

They'll soon remove electricity subsidy soon.

I don dey too talk, make I just keep quiet now.

5 Likes 2 Shares

Re: I Am More Worried About The Economy. by tensazangetsu20(m): 6:26pm On Feb 15
Karleb:


Abroad no easy, abroad no easy but e no fit bad reach this current Nigeria.

I care little about how bad things are now, even tho they are really bad, my fear is how bad things will get.

30k is $20 now grin, in 3 months e fit be $10 grin grin

Do you know how bad that is? We have really poor and abysmal purchasing power. Like, we no get any level. Chai! cry

Omo! I no just understand.

If we had no leader things wouldn't even be this poor but then sha, my people talk say na igbo man be their problem say make we elect our brother, when we no gree dem call us bastard.

They'll soon remove electricity subsidy soon.

I don dey too talk, make I just keep quiet now.






Honestly, the naira might be exchanging for 5000 naira to a dollar by year end. That 30000 naira go be like 6 USD. Wahala o. What's the solution?
Re: I Am More Worried About The Economy. by Karleb(m): 6:36pm On Feb 15
tensazangetsu20:


Honestly, the naira might be exchanging for 5000 naira to a dollar by year end. That 30000 naira go be like 6 USD. Wahala o. What's the solution?

It's a sinking ship, we look for way to abandon o.

I no collect president work o, if he no sabi make e resign.

Even tho I love to troll APC but under that facade is this great annoyance, I mean, we could have easily avoided Tinubu.

The day I go miss commot for here, I will definitely denounce both country and tribe. Both have been practically useless to me.


Until then, aluta continua.

1 Like

Re: I Am More Worried About The Economy. by Scholace: 6:36pm On Feb 15
tensazangetsu20:
And people are still getting married and having Nigerian born kids shocked shocked shocked
i wonder if the people in this category has any iota of sense seriously

1 Like

Re: I Am More Worried About The Economy. by nicerod(m): 6:42pm On Feb 15
Farming business is the only way out now


..if you needs brand New tractors and fairly used tractors contact me

Re: I Am More Worried About The Economy. by tensazangetsu20(m): 6:53pm On Feb 15
Karleb:


It's a sinking ship, we look for way to abandon o.

I no collect president work o, if he no sabi make e resign.

Even tho I love to troll APC but under that facade is this great annoyance, I mean, we could have easily avoided Tinubu.

The day I go miss commot for here, I will definitely denounce both country and tribe. Both have been practically useless to me.


Until then, aluta continua.




To be honest, I knew tinubu will be bad but I expected buharis level of bad. My expectations was things will just remain static as they were in buharis time. The man super exceeded my expectations with regards to bad walai.

4 Likes 2 Shares

Re: I Am More Worried About The Economy. by tensazangetsu20(m): 6:56pm On Feb 15
Scholace:
i wonder if the people in this category has any iota of sense seriously

There's nobody stronger in mind, body and spirit than the married men in Nigeria. Those who married recently are the bravest of them all. If only they can get a glimpse of what is to come grin grin

3 Likes 3 Shares

Re: I Am More Worried About The Economy. by Caramia2020(m): 6:56pm On Feb 15
Everyone is worried.
Re: I Am More Worried About The Economy. by Caaz: 8:49pm On Feb 15
As at today in my area...a crate of egg goes for 3800 naira
Re: I Am More Worried About The Economy. by Bongadu: 4:58am On Feb 16
tensazangetsu20:


Bros abroad no easy but I don't think anywhere on earth is currently as bad as Nigeria now. I can't even imagine what Nigeria will look like after 8 years of APC. I predict that a lot of children will kill their parents out of frustration for birthing them in Nigeria.




Nigeria is on the path to vuvuzuela
Re: I Am More Worried About The Economy. by bukatyne(f): 7:33am On Feb 16
blackpanthar:


CURSING THE DARKNESS DOESN'T BRING THE LIGHT

πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ‘ πŸ‘

This should be on billboards.
Re: I Am More Worried About The Economy. by bukatyne(f): 7:37am On Feb 16
Caaz:
As at today in my area...a crate of egg goes for 3800 naira

Like, the math is not mathing anymore.

Things are freaking expensive. It's N4,750 at Spar. For 30 eggs........

4 Likes

Re: I Am More Worried About The Economy. by Dybala11(m): 4:45pm On Feb 16
tensazangetsu20:


There's nobody stronger in mind, body and spirit than the married men in Nigeria. Those who married recently are the bravest of them all. If only they can get a glimpse of what is to come grin grin
A colleague of mine is planning to get married next month. Best of luck to everybody. 🀦
Re: I Am More Worried About The Economy. by Bullfallo(m): 10:12pm On Feb 16
I heard the problem of tinubu he doesn’t take advice. The problem of people like that is pride.

Once they are making mistakes even if its clear to them they mess up they will still try to maintain situations rather than going back.

Alot if yoruba elders the like if falana and others i have sent countless of letters. Look at how tinubu renew hope is fairing. If things are not reversed it will only get worse with no help in sight.

Just buy crypto to keep afloat

1 Like

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