Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,169,780 members, 7,875,936 topics. Date: Sunday, 30 June 2024 at 03:31 AM

Nigeria Current Economic State Determined - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Current Economic State Determined (310 Views)

Change Not Possible With Nigeria’s Current Structure –malaolu / Yakubu Dogara "Jonathan's Choices Caused Nigeria's Current Economic Realities" / APC Not Responsible For Current Economic Hardship – Akpabio (2) (3) (4)

(1) (Reply)

Nigeria Current Economic State Determined by ayokujero: 10:26pm On May 03, 2016
Which of these shows Nigeria current Economic State?

Inflation: Is the increase in the supply of money or credit causing higher prices.
“The more money that is loaned into the economy, the less each current unit is worth. As a result, the currency is devalued”

Devaluation: It occurs when more current units are used to buy the same amount of goods and services. To the consumers it appears as though prices have risen, in reality, the currency has simply lost its purchasing power.

Recession: This occurs when there is slow demand for goods which will result to having fewer workers for the production of the goods, hence resulting in people losing their jobs. Recession affect everything, from consumer price to investment values.
Note: “The ups and downs, booms and bust of our economy cycles are not a phenomenon of nature. Instead, they are the direct result of deliberate action taken by those who control monetary policy. In effect, they control the price of everything, from your car to your hose, and even determine whether you have a job or not”

Reading this I know you must have been enlightened about the reality of the current Nigeria Economical state irrespective of what our Government tells us.
They say the Naira has not been devalued, how much do you buy Bread, Pure water, Indomine, Spaghetti, Rice, Beans even fuel or pay for Transport.

I am of the opinion that I don’t work by what our Government says on the media but by the reality on Ground.

So what do you think is our current Economical State is it
A. Inflation
B. Devaluation
C. Recession
D. Inflation & Devaluation
E. Devaluation & Recession
F. All of the Above
G. None of the Above.
Whatever your option is must be a true reflection of what you sense and understand from our current economic situation.
Re: Nigeria Current Economic State Determined by talktonase(m): 10:33pm On May 03, 2016
nigeria is in deep pooo for all i know.

(1) (Reply)

Buhari Yet To Receive Corrected 2016 Budget – FG / Top 7 Take Home Decisions From Yesterday’s FEC Meeting / Same Ford Foundation That Sponsors Sahara Reporters Behind Panama Papers Leaks.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.