Next time politicians pay you to say Nigeria is working, show them this record.
We're suffering.
China has more population than Nigeria yet they are doing good far better than Nigeria.
1/5 🧵
End of thread.
DON'T KNOW HOW TRUE IS THIS? BUT IF IT'S TRUE THEN WE ARE SO COOKED IN NIGERIA.
Nigeria is the 9th country with the largest proven natural gas reserves.
1. Russia: Minimum wage is ₦480,000 per month, and fuel is ₦1,100 per litre.
1/1 🧵
7. Saudi Arabia: Minimum wage is ₦1,950,000 per month, and fuel is under ₦300 per litre.
8. UAE: Minimum wage is ₦2,750,000 per month, and fuel is around ₦1,000 per litre.
9. Nigeria: Minimum wage is ₦70,000 per month, and fuel is approximately ₦1,300 per litre.
1/4 🧵
I don't think you fully grasp what happens if $1 = ₦20,000 so I will explain it in simple terms:
Imagine $1 = ₦1,500 today
Then suddenly, $1 = ₦20,000.
That would mean the naira has become extremely weak.
Let me explain like you’re 10.
1. Everything from outside Nigeria becomes crazy expensive
Nigeria buys many things from other countries:
Fuel (refined petrol)
Medicines
Phones and laptops
Cars
Spare parts
Wheat (for bread)
School materials
If $1 = ₦20,000, it means:
If something costs $10 abroad:
Before → ₦15,000
Now → ₦200,000
So bread, fuel, drugs, phones would all become VERY expensive.
2. Fuel price would explode
Nigeria still imports a lot of refined fuel.
If fuel costs $1 per litre internationally:
Before → ₦1,500
Now → ₦20,000
Transport fares would rise.
Food prices would rise.
Everything would rise.
3. Food prices would jump
Even local food would increase because:
Farmers use imported fertilizer
Transport uses fuel
Packaging materials are imported
So even garri and rice could become much more expensive.
4. Hospitals would struggle
Many medicines and medical equipment are imported.
That means:
Treatment becomes expensive.
Some medicines might disappear from shelves.
5. Salaries would feel useless
Imagine you earn ₦200,000 per month.
Right now, that might be okay.
But if $1 = ₦20,000:
₦200,000 would only equal $10.
That means:
Your salary buys very little.
Savings become almost worthless.
People would feel poorer overnight.
6. Banks and businesses could collapse
Companies that borrowed in dollars would owe MUCH more.
Many businesses might shut down.
Unemployment would rise.
7. Investors would run away
Foreign investors would panic.
They would:
Pull their money out.
Stop investing in Nigeria.
That makes things even worse.
When a country’s currency becomes that weak, it usually means:
Government has lost control of the economy.
Inflation is out of control.
There is serious economic crisis.
It could look like what happened in:
Zimbabwe (hyperinflation crisis)
Venezuela (currency collapse)
In those countries, people needed bags of money to buy simple things.
Is there ANY good side?
Very small ones:
Nigerians earning in dollars (freelancers, oil exporters) would benefit.
Exporters might make more naira.
But 90% of Nigerians would suffer badly.
As a freelancer earning in dollars, it might favor you in the short term, but in the long run:
Everyone around you would depend on you to survive
You may become a target for all the poor people around you
Your money could disappear when your bank collapses.
Be careful what you wish.
BREAKING: Police have tracked down and arrested the suspected herbalist connected to the de@th of the FRSC officer and her daughter. During interrogation, he allegedly confessed that a man identified as Mr. Victor—now declared wanted and a friend of the late officer brought her to his residence in Osun State. According to the confession, Mr. Victor and his associates then k+lled her for suspected ritual purposes.
A piece of The Quran was found in the rubble in Palestine 🇵🇸
It says:
“Never say that those martyred in the cause of Allah are dead—in fact, they are alive! But you do not perceive it.”
Quran 2:154 🥲
If you’ve witnessed:
✅Ramadan ✅Laylat al-Qadr ✅Eid al-Fitr ✅Day of Arafah ✅Eid al-Adha ✅Ashura
Say Alhamdulillah. You were alive for some of the holiest days in Islam this year. Don’t take it for granted. 🤲