Nigeria unpacked

🇳🇬 Nigeria | Business | Money | Economy

Breaking down Nigerian business, politics & economic issues in simple terms.

📊 Facts • Analysis • Opinions

[Nigeria unpacked @AlobaAdam]

Nigeria doesn’t have a shortage of hard working people, we have productivity problem.

And there’s huge difference between the two

I’ll be using this account to break down Nigeria economy, business, money and politics in simple term.

[Nigeria unpacked @AlobaAdam]

If someone gave you N10 million today with one condition - you cannot spend it on a car or luxury items,what would you do with it?

Business?

Real estate?

Investment?

Education?

Something else?

I’m genuinely curious.

[Nigeria unpacked @AlobaAdam]

@instablog9ja Give credit where credit is due.
Let's learn to acknowledge genuine efforts and achievements, regardless of who is behind them.

[Nigeria unpacked @AlobaAdam]

Dangote Petroleum Refinery has emerged as Europe's largest external supplier of jet fuel.
Aliko Dangote says Europe should thank Nigeria, under President Tinubu's leadership, for helping keep their planes flying.

[Nigeria unpacked @AlobaAdam]

This shows how quickly Nigeria's financial system is changing. The real challenge is ensuring digitalisation doesn't leave underserved Nigerians behind.

[Nigeria Stories @NigeriaStories]

Banks Shut 476 Branches in Three Years as Digital Banking Expands – CBN https://t.co/HkoIvKA5Fn

[Nigeria unpacked @AlobaAdam]

Revenue tells us how much came in. Expenditure tells us where it went. The balance tells us what is left.
Understanding that difference changes how you look at business, government finances and Nigeria's economy

[Nigeria unpacked @AlobaAdam]

One of the biggest mistakes people make when discussing Nigeria's economy is confusing revenue with profit.
A business can generate N100 million in revenue and still make a loss if its expenses is higher than what it earns.

The same principle applies to government. ⬇️

[Nigeria unpacked @AlobaAdam]

A government is not financially healthy simply because more money is coming in. It is financially healthier when it can manage what comes in efficiently, keep its obligations sustainable, invest in productive sectors and deliver meaningful value to its citizens.

[Nigeria unpacked @AlobaAdam]

Nigeria's economic conversation should therefore go beyond celebrating revenue figures. We should also examine expenditure, debt, efficiency, leakages, productivity,and the value created from every naira collected

[Nigeria unpacked @AlobaAdam]

A household earning N500,000 every month can still be financially stressed if its monthly obligations are N550,000.
The income sounds impressive until you look at the expenses.

[Nigeria unpacked @AlobaAdam]

How much was collected?
How much was spent?
How much went to debt servicing.
How much went into recurrent expenditure?
How much was available for capital projects?
And, most importantly, what did Nigerians actually get in return?

[Nigeria unpacked @AlobaAdam]

This is why simply saying "Nigeria made NX trillion in revenue" does not tell the full story.
The more important questions are:

[Nigeria unpacked @AlobaAdam]

Revenue is what comes in. Profit is what remains after expenses.
For a government, the closest comparison to profit is what remains after paying for salaries, infrastructure, debt servicing, security, healthcare, education, subsidies, pensions, government operations

[Nigeria unpacked @AlobaAdam]

A country can generate huge amounts of revenue from crude oil, taxes, customs duties, ports, and other sources, yet still struggle financially because it has enormous expenses and obligations.

[Nigeria unpacked @AlobaAdam]

@instablog9ja N3,000 × 30 days = N90,000
a month.
But I think we need to distinguish between surviving and living.
Can N90,000 cover food, transport, accommodation, electricity, healthcare,
communication and other basic needs for the average Nigerian?

[Nigeria unpacked @AlobaAdam]

@instablog9ja E sha ni pami pelu erin in this country😂😂😂
This people are are pro teble tennis players😂😎

[Nigeria unpacked @AlobaAdam]

@vanguardngrnews Abi ko fe da fun o ni😡😡😡
What of all the billions you’ve all stolen

[Nigeria unpacked @AlobaAdam]

@afolabi200000 @TheDailyBeam @Odunayo2612 @BasseyItune_ @AndrewOkere @abba_hamani @omoluabi1sq @Nakeltony @AAsupportOrg @ibrahimobileye @LouieDi13 @FaiyitSylvester Swrs

[Nigeria unpacked @AlobaAdam]

@TheDailyBeam @Odunayo2612 @BasseyItune_ @AndrewOkere @abba_hamani @omoluabi1sq @Nakeltony @AAsupportOrg @ibrahimobileye @LouieDi13 @FaiyitSylvester Dumb dumb dumb😡😡😡

[Nigeria unpacked @AlobaAdam]

@yabaleftonline Very stupid man