"Nigerians in 2024 should be prepared for an 18 months economic recovery period. This will be accompanied by a high-interest rate regime to tame inflation and a continued scarcity of FX in NFEM with succor from the parallel market. During this period, It's important to constantly hedge to preserve value by moving excess liquidity and profits into assets that retain value.
Our benchmark recommendation for business operations to ensure 2024 year-end value retention =N=/$ is between 1,500-1,800 depending on the sector of the economy in which you operate.
With a debt burden of US$ 130 billion being serviced by 95% of government revenues and debt servicing now exceeding both recurrent and capital expenditure, Nigeria’s debt levels are now clearly unsustainable. Add to this US$ 10 billion from the 2024 budget deficit, and the question begs: is Nigeria heading in the default direction of Ghana, Zambia, and Ethiopia?
The discussion on restructuring for both domestic and external debt must commence alongside the ongoing economic reforms and revenue drive to avoid Paris and London club imposition.
The fundamentals of the Nigerian economy remain sound. Poor economic leadership needs to realize potential and grow the economy in the past. Expectations are high with a new and highly-rated Economic Management Team in place.
The success or failure of our business projections and the economy will depend on their commitment and sincerity to implement their laid-out reform policies. The goal is to drive our economy out of stagflation and reach sustainable GDP growth targets."
- Adetilewa Adebajo, The CFG Advisory
https://t.co/EsZpz6kz3h via @proshare
@honestmindsart@FinPlanKaluAja1 https://t.co/hQwkk4fsF4 As part of measures to curb the growth of unclaimed dividend in the Nigerian Capital Market, the Commission hereby presents data on shareholding accounts that are yet to be mandated for e-dividend to aid enrolment for e-dividend payment.
I have knows people who got into government at high positions
When I say I know, I mean I can call them and they tell me things off record, as in I know them
Let me tell you about One who was appointed
The summary is this, The only was to avoid corruption is to very openly and publicly signal you will not partake in corruption
My friends, when appointed, got a call, they wanted to pay his relocation allowance or something, the civil servant asked him
1. How many traveling?
2. Should I process request or credit to your account ?
Friend told the guy, to wait until resumption
Later it was, what car do you want? Will you stay in hotel?
Friend was telling me these questions were designed to cause them to process a check outside the normal practice
After two weeks of requesting they understood my friend was not going to play ball.
They waited for contracts.
Someone told my friend that if the desire was to ask the civil servants to process a payment expeditiously, then sign top right of letter or attach complimentary card, my friend then made it a point of duty to sign same place for all letters and date it.
My friend went as far as getting an excel project software and documenting what was signed, date, and expected action. The staff knew he had it, it was to signal don’t delay payments, “I know what and when I signed”
Same with recruitment, same with resumption to work, same with waste.
My friend will travel, come back and retire his funds.
Civil servants are the alpha and omega of corruption, not saying civil servants are corrupt but a minister of MD can’t raise a payment voucher and sign, nor can civil servants alone
Remember Minister of Health Grange? What happened to her?
Corruption is joint wink and nod, the civil servants will “mistakenly” buy first class tickets for you and your wife to travel, then the travel agent will call PA and say “ sorry for our error, can we refund or change name on ticket”
All are honey traps
Can you imagine if Dr Obi Ezekwesili was in charge of that humanitarian ministry? Can you imagine the due process?
Nigeria is not ready
My friend
@FinPlanKaluAja1@FinPlanKaluAja1 Please is there an app that you can use to monitor your stocks and it can also show the value of your stock in Naira real time.
The Yoruba Community in Anambra State, coronated the third Oba of Awka, Alhaji Abdul Olahan, popularly called Ezechinedu, (Leader led by God) by his admirers.
Before him were Oba Owolabi I and Oba Oseni II whose transition took place about a year ago.
It is so sad to see that this government is trying to divide us using ethnic bigotries to cause confusion. We the masses have been co-existing happily no government can divide us!!! our strength is our diversity!
"When we came on board, no library, no sick bay, and no laboratory; we have spent 10 billion naira for education turnaround within the past 6 months" Peter Obi
"We are going to learn from Peter Obi all the libraries he has built and replicate the same thing" @GovWike 8 yrs ago!
If your polling unit is GRA, Enugu
Go and collect your PVC at Government technical college (GTC)
Under 3 mins!!! Very fast!!!!
Ensure you come with your slip or a screenshot of your card details from https://t.co/A8vfPiBG2b
If your polling unit is GRA,
Go and collect your PVC at Government technical college (GTC)
Under 3 mins!!! Very fast!!!!
Ensure you come with your slip or a screenshot of your card details from https://t.co/A8vfPiB8cD
@UchePOkoye@chude__@NgLabourSupport
Enugu north Obi
If your polling unit is GRA,
Go and collect your PVC at Government technical college (GTC)
Under 5 mins!!! Very fast!!!!
Ensure you come with your slip or a screenshot of your card details from https://t.co/A8vfPiB8cD
1/Good morning #obidients.Full pressure from now till march.
For anyone that wants to meet fellow Obidients/Labourers on ground, Please reach out to your LG chairman as listed below. We need to achieve unity of purpose before feburary and it starts with polling unit communities.
This was the video that made me add "die hard Fan of Peter Obi " to my bio.
Can't you see through this man to know he honestly wants a better country for you and I ?
It's not too late to join the ObiDatti train . Get your PVC from INEC and vote LP in February. 💯