The country has often pride herself as the giant of Africa and indeed she was many years ago, undisputably so.
Whether she is still the giant of the great Afican continent blest with a league of very endowned but impoverished Nations, is not clear or perhaps the giant in the nation Nigeria, left.
That seems to be the only plausible consolatory excuse when you reflect on how badly our value system coupled with the entire productive economy has collapsed.
We had at one time in our history rich supplies of agricultural products such as groundnut pyramids, loads of cocoa, hectares of palm fruit yield, sugar cane , millet, beans, rice, onions, tomatoes, to mention a few. Rich solid mineral supply including bauxite, iron & gold ores, bitumen, talc,rock salt, lead/zinc and gypsum from a list of others.
Our chief liquid mineral crude oil has ranked one of the best in the world for many years ever before any recession.
There are vast fertile lands some of which have provided land capital for some world class companies and rich water bodies that have produced not only one of the best quality supply but almost the most quantity supply.
Nigeria has always been blest an ever growing population of hardworking men and women contributing to national growth and development.
The aforementioned resources have attracted an unimaginable wealth for Nigeria via foreign exchanges to earn the nation the status of a giant at her peak.
You can imagine the degree of shock one would have when one critiques the following analysis I stumbled upon recently.
Here it is :
NAIRA EXCHANGE RATE vs AFRICAN COUNTRIES:
South Africa: Rand 1= 79 Naira
Angola: 1 kwanza = 12 Naira
Botswana: 1 Pula = 28 Naira
Cape Verde: 1 Escudo = 8 Naira
Algeria: 1 Dinar = 12 Naira
Egypt: 1 Pound = 35 Naira
Eritrea: 1 Nakata = 18 Naira
Ethiopia: 1 Birr = 19 Naira
Ghana: 1 Cedi = 56 Naira
Gambia 1 Dalasi = 9 Naira
Kenya: 1 shilling = 6 Naira
Liberia: 1 Dinar = 8 Naira
Lesotho: 1 Loti = 19 Naira
Libya: 1 Dinar = 156 Naira
Morocco: 1 Dirham = 176 Naira
Madagascar: 1 Ariary = 14 Naira
Mauritius: 1 Rupee = 16 Naira
Malawi: 1 kwacha = 21 Naira
Mozambique: 1 Metical = 24 Naira
Namibia: 1 Dollar = 32 Naira
Seychelles: 1 Rupee = 22 Naira
Sudan: 1 pound = 42 Naira
Swaziland: 1 Lilangeri = 19 Naira
Tunisia: 1 Dinar = 150 Naira
Zambia: 1 kwacha = 28 Naira
Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = N504
€1 = N550
£1 =N650
N1,000,000 is less than $2,300.
...and some think that we have not reached the break point?
Why una no wan join protest??
Putin (Russia): Law
Trump (America): Economics degree
Merkel (Germany): PhD physical chemistry
Xi Jinping (China): Chemical engineering and Doctor of Law
Buhari (Nigeria): WAEC not found
Yet, somebody wants a growing economy under Buhari. Only clowns and herdsmen can expect such!!!....naija can never develop unless it is restructured... I weep everyday for my suffering and hungry friends and relatives. Those who put us in this mess will surely pay for it....#Copied
Why una no wan join protest??
Putin (Russia): Law
Trump (America): Economics degree
Merkel (Germany): PhD physical chemistry
Xi Jinping (China): Chemical engineering and Doctor of Law
Buhari (Nigeria): WAEC not found
Yet, somebody wants a growing economy under Buhari. Only clowns and herdsmen can expect such!!!....naija can never develop unless it is restructured... I weep everyday for my suffering and hungry friends and relatives. Those who put us in this mess will surely pay for it....#Copied
This clearly does not reflect the status of a giant. Nigeria is so blessed and has numerous opportunities that have been selfishly exploited. Many more opportunities with rising global demands presently fly around waiting to be harnessed. The back breaking sweat of the years before has produced so much to permanently place us on top of our game but a few incorrigible,corrupt ,vision-less, unpatriotic Nigerians have robbed the rest of us blind and left us virtually beggars in our home land. We are wiser now!!
Rather than to keep on crying, armed with information like this we have to maximize and optimize available potentials in order to re-awaken the GIANT in us who long left.
>>>>>>>>> REAL MARKET INVESTMENTS / COMMODITY SUPPLY
RELAUNCHING ...... STANNIS LEGENDARY INT'L (SLI) .....DEVELOPING MARKETS
powered by freshnaijapotential
CONTACT US VIA Email: ehimuwaslaus@gmail.com
WATCH THIS SPACE
SHARE AND LIKE US ON OUR VARIOUS SOCIAL MEDIA PLATFORMS
YOU MAY LEAVE YOUR COMMENTS BELOW
............. if it's a picturesque design you want we have your order well covered..
..........Tetra - Niche on the works delivering value for our treasured clients both home and abroad
TETRA-NICHE........ A BRAND YOU CAN TRUST
>> TETRA-NICHE ..........Redefining Property Development
Get the job delivered worry free with mouth watering discounts especially for you home and abroad.
check out
SAFETY TIPS FOR CONSTRUCTION SITE JOBS VOL1
VOL2 LOOK OUT FOR IT!!
LETS KEEP ON PRAYING FOR OUR NATION AND MAY GOD TEACH US TO DEFEND
OURSELVES AND OUR COUNTRY
OURSELVES AND OUR COUNTRY
Comments
Post a Comment
Please help us unlock potentials......Leave a comment