MICRO FINANCE unknown to many is the sole panacea to mass poverty eradication in human society.The blog specifically focuses on the industry around the world but with more bias on Africa-unarguably the poorest region of the world.
April 26, 2024
FOREIGN EXCHANGE VOLATILITY REBOUND OF CURRENCY SUBSIDY.part one
We re back to volatility rebound the inherent risk in the short-lived gain of naira appreciation and the bureaucrats should not be trusted for the method of defending the naira.The same unworkable principles that could not prevent Russian foreign reserves from being wiped out at a particular period.The gain that made naira the best performing currency in the world came at a great cost of dwindling foreign reserves and the nightmare of currency subsidy has just begun from 950 or a thousand naira to 1,234 to 1,300.The problem with Nigeria for allied boom is the challenge of sustainability.Azuka below in the postscript did a good job in unveiling the nightmare.
Yoruba Elders And Agitators part 2
It is very clear Yoruba people are going nowhere and going by the action below given that tinubu has achieved his ultimate ambition of becoming the president of federal republic of Nigeria.The caption heavy punishment awaits rebel in the country like ibo's ipob.
Properties For Sale
Yoruba Elders And Agitators
I love this pics pa fasoranti a very old man now on wheelchair how time flies and especially this historic visit touches my tendon.What plans does he have for Yoruba nation?Where are we going?Are we still staying in Nigeria? What happens to all the declaration of agbekoya and ills?Tinubu has the power answer that unanswered questions.i think now that he has achieved his aim will finally say yes or no but whether it would be in the interest of his tribe would take ages to come for us to answer that but currently the situation does not benefit our tribe and whether yoruba would continue to be slaves in Nigeria I still do not know and the years to come would answer it but in my mind Yoruba country is the best.Some politicians are behind the young boys recently arrested in the clamour for Yoruba nation.Who knows their fate now they have taken behind bars?
Now looking at the above caption I was filled with rage that same afenifere that voted against the current president still insisted peter obi won election have no choice than to go to president that they betrayed to ask for daily bread.See mimiko,fasoranti even Adebanjo and the like who opposed tinubu.We speak with double mouth alot.Wonders shall never ends.
$30billion
Taking a cursory look at punch report I still maintain my stand not only the political class in the country but the so called entrepreneurs in the country are teribbly lazy and I stand to be corrected.Take a look at the headline"FG may revoke ununsed oil well licences amid $30b.loss". Why in the first place you hold a license you could hardly explore?The regulatory flaw too could not be exonerated.A staggering $30billion.Incredible!
Flooding.
Bad planning could be accountable for the worsening of flooding in the country.The job of building nigeria Has yet to begin? Urban planning, metropolitan critical assessment and landscaping is zero in this part of the world and that is the major challenge.
Lekan Sote: Error of Omission.
Lekan was a distanc friend of mine and we spoke randomly intelligent matters like and I was impressed he s been keep q good performance on the pages of punch newspapers especially as a prominent postscript writer in the Nigerian daily.I went through the write up analysis above and I disagree fault he deduced from the fact of import substitution strategy as a critical component of industrialization of a nation.Lekan let me down in this analysis especially where he admonished the avoidance of this strategy.With this shallow submission it shows were it be the current president very clear he would government aground like the kleptomaniac bureaucrats we have in government.Most Nigerian intellectual folks I still stand by it they use intelligence wrongly and lack social transformative intelligence to build their nations.No one or none practically ever in this country ever fought against this sittight syndrome of poor intelligence use in the country like WOLE SOYINKA the most misunderstood nigerian ever who fought this folks every where be it government and beyond.The funniest part is to spread misinformation the way Lekan Site did above and if you hardly know a thing the best thing is to keep a quiet.To open your mouth so much that you were branded as spewing halitosis could be considered the highest of disgrace for any folk.Am sorry to say that is the truth.Was there any method available for development all over the world beyond import substitution or what they called prebystch thesis in Argentina? Virtually all countries experimented this method to develop .Infact almost all countries in the south East Asian and the pacific and Latin America did the same thing.However am afraid nigeria could not sustain this and sustainability is the major problem.I advice he should stop misleading ignorant folks. In the country.
WOICO :FIVE YEARS TO GO.part three
Subscribe to:
Posts (Atom)