"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
Hey people this is 2024, so don’t let any of these “Become a cybersecurity expert”, “Business Analyst”, “Data Analyst” and earn 6 figures bla bla bla in 6 weeks swindle you of hard earned money.
Most of these people are just exploiting you.
🔥🚨DEVELOPING: Topher the billboard charting rapper from Mississippi has been touching the hearts of millions with his ‘random 3 bible question quizzes’
Topher gives a cash reward to the people that can respond to his biblical questions correctly.
In this video he gave this woman the money she needed to buy a microwave after she finished his quiz. She can be seen getting very emotional during this exchange.
Topher has been innovating ways to push positivity and I think he is the perfect man to highlight for my Feel Good Friday post.
You can find him on Facebook as: Topher, he has 1.7M followers. His TikTok is: @ tophertownmusic
My friend took his life this week. He was by far the happiest person I’ve known. He never shared a sad post, every single day was just simply memes. He made so many people laugh over the years. So far I’ve lost 3 friends to suicide. Please just be kind to people.
It’s not lost on me the way the internet bullied Chadwick Boseman the last two years about his appearance, him looking tired, etc to the point where he began deleting photos while he was fighting for his life. You truly never know what people are going through. BE KIND.