With the emergence of Donald Trump as the 47th President of the United States of America 🇺🇸, a lot of things would happen globally.
In relation to Nigeria, below are possible predictions to what may happen thereafter
@Neferiti wrote below :
“1. America will pump more oil.
2. Oil prices will drop.
3. Tariffs on imports will lead to inflation.
4. Fed will respond by hiking interest rate.
5. Capital inflow to emerging markets will drop.
6. Deportations will impact diaspora remittances.
7. Cost of borrowing will go up.
8. External debt servicing will become expensive.
9. Strong Dollar = Weak Naira.
10. You will need more Naira to service your foreign loans.
11. Capital importation into Nigeria will drop.
12. Aid/Grants to Africa will drop.
13. Increased import tariffs = high price of goods.
14. High price of goods = more inflation.
15. CBN will maintain interest rate or hike it.
16. Increased interest rate will slow down the economy.
17. PMS price won’t fall.
18. Forex impact on PMS price > subsidy removal.
19. Reduced oil revenues means Nigeria that won’t be able to manage the float.
20. Naira depreciation worsens.
21. Food inflation increases.
22. More hunger = more unrests.
Trump’s 4 years = more shege for Nigeria.
Solution: “Consumption to Production.”
…Meanwhile….. While Peter Obi is donating to HDI (education + healthcare), Atiku is saving his own money for PDP delegates. One is thinking about the future of young Nigerians, the other one is pretending to care.
Asiwaju is buying jets, Escalades & yachts with dollars, destroying the Naira....