The recent Inflation statistics in Nigeria as released by NBS shows clearly that the economic Situation is getting worse.
By now, majority of Nigerians have understood clearly that the Economic Policies of this current government is likened to that of Manchester United and Erik Ten Hag tactics… You could see where Manchester united is on the Premier League table.
It’s all about leadership as you could see in Manchester City FC…. The difference is clear..
The very few people still pretending not to have noticed the Disaster Nigerians are facing currently are few hypocrites and evil praise mongers living outside Nigeria….
However, just to enable you understand the rot in Nigerian economy…
We would analyze it with that of The USA 🇺🇸…..
Inflation in Nigeria is 33.69%
Inflation in America is 3.36%
Interest rate in Nigeria is 24.75%
Interest rate in America is 5.25-5.50%
Inflation in Nigeria is double digit.
Inflation in America is single digit.
BREAKING : NLC draws battle line with FG as Minimum wage talk stalls
Interest rate in Nigeria is double digit.
Interest rate in America is single digit.
At double digits (inflation + interest) rates, it’s hard to produce in Nigeria, & end up in profits.
At single digit inflation, Biden is already losing to Trump (in latest Approval Rating).
39% of Americans approve of his performance, 61% disapprove.
Joe Biden is the least popular President of the United States in 75 years.
So far, Donald Trump has an edge over Joe Biden in handling the Economy.
If there is 40.53% food inflation in the U.S, Biden won’t win a single state in November.
But Nigeria is not a real place; that place is fictional. You have “Peter Pan” in every mile radius. To get Nigeria started? You must invest in quality education; otherwise called STEM.
1. Food inflation: 40.53%
2. Headline inflation: 33.69%
3. A rubber of Garri: N3500
4. Naira to Dollar rate: N1535
5. A rubber of fresh tomatoes: N3500
6. Dollar rate for Customs duty: +N1500
But “Peter Obi will never be president.”
The dollar may see N2027 before you
😅😅😅😅
According to Bloomberg,
The 33.63% Headline inflation for April, was caused by the recent hike in electricity tariff, & the rising cost of transportation.
Add the massive 40.53% Food inflation.
There is fire on the mountain.
And we go chop statistics by force.
The only two dedicated people leaning on the Mandate for their own survival are Reno and Daniel Bwala (quite understandable)…. The rest are pretending or hoping they would be noticed for a survival appointment.
Where is FFk?
Good Evening Nigerians……
We will all learn in a very hard way….