For the upcoming fundamental bootcamps I think we'll use birds as the theme. So since @juangolbez is from Raleigh we'll use the Cardinal what do you folks think?
Dear @samsungmobileng, I've purchased and used the Galaxy S20, S21, S22, S23, and now the S24. Iβve been a loyal and unpaid ambassador over the yearsβhow about sending me the S25 as a thank-you for the consistent love and support? π
#SamsungFan#LoyaltyDeservesLove
This is a very important data that says a lot about the structure of the Nigerian economy
If a whopping 87% of your working population are self employed, it connotes so many things.
Here are some examples that come to mind.
1. Suffering and smiling. Since we all have βworkβ and we can βfeed ourselvesβ by simply jacking up prices. All a mechanic needs to do is increase his price no story.
2. People donβt have time for long protest marches. They have work to do. Since they feed by the day, there is not time to protest for too long. No work no chop. Politicians probably know this π€·π½ββοΈ
3. People vote less for economic ideology but more for religion and tribal inclinations. After all govt doesnβt βfeedβ them. There is also no incentive to push for right or leftist economic reforms. They donβt know the difference since they donβt pay taxes that much.
4. Less taxes for states since they rely on PIT. States canβt develop if this is their main source of revenue.
5. Limited skilled workforce since they mostly employ themselves, thus losing valuable skill acquisition that can be gotten from a structured work place.
6. Lack of quality jobs that offer good pay. This also explains why we have high poverty rates.
7. Reduced productivity- hard for us to be productive at scale with such high self employment rate
8. Self employed people canβt pool large capital so investment in the economy is also limited through them. Mutual funds, pension funds, etc.
9. Limited social safety nets e.g no pensions, no health insurance, no general insurance etc.
10. Mental issues - isolation often impacts mental health.