If you had missed the first part of this write up,I'll STRONGLY suggest you go read it up before you read this post.You should see a post with a similar title on the blog.Having said that,it's time to continue from where we stopped.
BREAKING NEWS! Naira has Appreciated by N6 in the Parallel Market!
I woke up to the news that the Naira appreciated against the Dollar,isn't that wonderful?This goes a long way to buttress the point that the Federal Government is trying to make by insisting on the N199/$ mark.
You see,there's a saying in Yoruba that goes thus:"Nani-nani,oun a ba ni lan nani". It literally means that you should value and promote what you have so that others would value it too!
In a situation whereby someone works in Nigerian economy and refused to be paid in Naira but Dollars is highly unacceptable!But,unfortunately,it has happened in Nigeria on several occasions...I heard that a certain construction company who had been a regular contracting firm in Nigeria (name withheld) gets paid in terms of CRUDE OIL, can you just imagine?!
So,when people start talking about how Buhari has been inactive and how innocent or guilty Jonathan has been,I cannot help but to laugh and marvel.The Dollar palava is NOT a political matter but an economic one.True,the government has a large influence on the economy but not as much as we are made to believe.
To so many,the Federal Government is the Alpha and Omega of all that happens in the country,especially the economic sector.To the majority,the only person that can better the economy is the government,no one else can do a thing about it,how true is this?
There's a BIG Difference between Your Personal Finance and Government Finance
When we talk of the Economy,people start ranting about government policies.When we talk of rise in crime rate,it's the government,talk of unemployment,it is the government should do something about it...according to a comedian,it has come to a level that people are beginning to think that the government should be responsible for the high divorce rate in the country! Haba!
What you earn,how you earn it and how you spend or manage what you earn has NOTHING to do with the government...it's solely your responsibility!So,if you are not faring well financially,it's neither the government nor the Nigerian economy that's at fault,YOU are at fault!
There are so many things that you need to learn and do about the way you earn and spend.You must be ready to think and act like a rich man if you want to be rich...for more info,I'll suggest you join therichkidstreasurebox.com
It's a social networking site for Investors and Entrepreneurs.Go join them,registration is free.There's a welcome package that'll help you understand the basis of what I call Personal Finance.This is a must for all that are not getting it right financially...goodluck!
A Country is as rich as the Citizens of the Country
Nigeria is a RICH country considering the so many mineral riches that are found within her territory.But, of what use are the riches of a country when her citizens are poor?I read a guy's post on facebook in which he said that there are 38 solid minerals in the world and 25 of them can be found in Nigeria!Therefore,the country is rich...very rich!But,how rich are Nigerians???
Most Nigerians are raised and trained to go to school,graduate and start looking for a job.Very few are trained to do business.This is the root cause of the widespread poverty in Nigeria.Since we are trained to seek for jobs,we find it highly ridiculous to invest our savings.What we do mostly with our savings is to either build a house,marry a wife or two...or more,some seek out higher certificate of learning so as to get promoted at work.There are some that has no appetite for savings,they just collect their salaries,settle the bills and squander the rest in a beer parlor or pepper soup joint!
This has been the case in Nigeria and unfortunately is still the psyche of most Nigerian youths.This,also,is the main reason why Nigerians are poor.The Economy has been grossly mismanaged by the past regimes,so,has been the government companies that have proved to be the largest employer of labor.Their collapse (government companies like the Railway Corporation) has led to a massive unemployment rate.
Since Nigeria mainly consist of Employee minded youths and very few entrepreneurs,things are getting increasingly difficult with so many coming out of the Universities without a job on sight.Everyone is forced to jump at whatever means of income luck throws at them GRATEFULLY!
Creativity and Innovation is a long lost asset of Nigerian youths who have turned to scavengers of labor.Just imagine a Master Degree holder begging to be employed as a gatekeeper!It is that bad!!!
What Can we do About It?
Ah! That question has a very long answer...it's so long that I'll suggest we treat it tomorrow,Okay?Please,keep it a date tomorrow.Thanks for your time!
BREAKING NEWS! Naira has Appreciated by N6 in the Parallel Market!
You see,there's a saying in Yoruba that goes thus:"Nani-nani,oun a ba ni lan nani". It literally means that you should value and promote what you have so that others would value it too!
In a situation whereby someone works in Nigerian economy and refused to be paid in Naira but Dollars is highly unacceptable!But,unfortunately,it has happened in Nigeria on several occasions...I heard that a certain construction company who had been a regular contracting firm in Nigeria (name withheld) gets paid in terms of CRUDE OIL, can you just imagine?!
So,when people start talking about how Buhari has been inactive and how innocent or guilty Jonathan has been,I cannot help but to laugh and marvel.The Dollar palava is NOT a political matter but an economic one.True,the government has a large influence on the economy but not as much as we are made to believe.
To so many,the Federal Government is the Alpha and Omega of all that happens in the country,especially the economic sector.To the majority,the only person that can better the economy is the government,no one else can do a thing about it,how true is this?
There's a BIG Difference between Your Personal Finance and Government Finance
When we talk of the Economy,people start ranting about government policies.When we talk of rise in crime rate,it's the government,talk of unemployment,it is the government should do something about it...according to a comedian,it has come to a level that people are beginning to think that the government should be responsible for the high divorce rate in the country! Haba!
What you earn,how you earn it and how you spend or manage what you earn has NOTHING to do with the government...it's solely your responsibility!So,if you are not faring well financially,it's neither the government nor the Nigerian economy that's at fault,YOU are at fault!
There are so many things that you need to learn and do about the way you earn and spend.You must be ready to think and act like a rich man if you want to be rich...for more info,I'll suggest you join therichkidstreasurebox.com
It's a social networking site for Investors and Entrepreneurs.Go join them,registration is free.There's a welcome package that'll help you understand the basis of what I call Personal Finance.This is a must for all that are not getting it right financially...goodluck!
A Country is as rich as the Citizens of the Country
Most Nigerians are raised and trained to go to school,graduate and start looking for a job.Very few are trained to do business.This is the root cause of the widespread poverty in Nigeria.Since we are trained to seek for jobs,we find it highly ridiculous to invest our savings.What we do mostly with our savings is to either build a house,marry a wife or two...or more,some seek out higher certificate of learning so as to get promoted at work.There are some that has no appetite for savings,they just collect their salaries,settle the bills and squander the rest in a beer parlor or pepper soup joint!
This has been the case in Nigeria and unfortunately is still the psyche of most Nigerian youths.This,also,is the main reason why Nigerians are poor.The Economy has been grossly mismanaged by the past regimes,so,has been the government companies that have proved to be the largest employer of labor.Their collapse (government companies like the Railway Corporation) has led to a massive unemployment rate.
Since Nigeria mainly consist of Employee minded youths and very few entrepreneurs,things are getting increasingly difficult with so many coming out of the Universities without a job on sight.Everyone is forced to jump at whatever means of income luck throws at them GRATEFULLY!
Creativity and Innovation is a long lost asset of Nigerian youths who have turned to scavengers of labor.Just imagine a Master Degree holder begging to be employed as a gatekeeper!It is that bad!!!
What Can we do About It?
Ah! That question has a very long answer...it's so long that I'll suggest we treat it tomorrow,Okay?Please,keep it a date tomorrow.Thanks for your time!
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