Realtruth2023:


I think it is high time you BAT supporters face the true reality, Nigeria's market is no longer attractive as it used to be. Our purchasing power or the purchasing power of the average Nigerian has been badly eroded. We have 200m population approx, but what is the effective population that can consistently buy your goods to ensure profit? If truly our market is attractive how come shop rite is closing shop, Ebe ano has halted expansion and other companies too are affected? See face reality right now our population is our biggest problem at the moment because the unemployment rate is high and the businesses are shrinking or closing down.

sofeo:
It's well

Yashita:


OK, since you can't have a conversation without calling your mother names, I'd ignore you because silence is the best reply to people like you (fool).

Lazy fish brain, continue to wait for your government to come and spoon feed you.

Slytiger:

Vote Atiku in 2027.

Yashita:
We cry foul too much in this country without action.

If multinationals exit, what happens to nationals taking over and recreating what left (even if na close product)?

Instead of us to think of how to replace them immediately with our local production, na to dey lament.
Nigerian youths & Lamentation na 5 & 6.
Them use lamentation do us.

Slytiger:

Vote Atiku in 2027.

OluwafemiYemi:
Tinubu is doing well. Ipob rest.

Lanruze:



I have no reason to respond to you and owe you no explanation, but for clarity and reference I will enlighten you a bit.

Firstly, I am apolitical and I will remain as such for a while.

In Business there are opportunities and threats to Businesses everywhere in the world and not only Nigeria.

The same reason Multinationals are exiting Nigeria, enabled Deposit Money Banks (DMBs) declare humongous profits in FY 2023 which is the FX harmonisation policy.

All Tier (1) one Banks in the FUGAZ category declared mind-boggling and humongous profits based on the official Foreign Exchange earnings in their balance sheets (i.e the FX rates movement from N700-$1 to N1,500-$1).

The above states that threats in one sector with multinationals exiting based on FX scarcity scaled Tier 1 Banking to be profitable for a financial year.

There are opportunities in chaos when you take an objective and unbiased view of the outcomes.

Irrespective of the rate of strife in the Nigeria, A large and active youthful population is an asset to any country.

Even with the obvious inequality in Nigeria, people still eat, clothe, read, socialize, have health and medical need and move from one point to the other. These are demand driven sectors.

Even with declining disposable incomes, Nigeria is still the largest market in the black race take it or leave it and with the exit of multinationals, private equity investors and local manufacturers have no excuse than to substitute immediately whilst creating a homegrown solution.

Nigeria still has the largest data market penetration in Africa, The most prosperous and active FINTECH start-ups ecosystem in the whole Africa, The most engaging entertainment audience verified by Sportify, YouTube, AppleMusic and Boomplay. Facebook also acknowledge the traffic with the inclusion of Nigeria for its monetisation to improve audience in the country.

The Asians (China, South Korea, India) have gone through this phase before and are currently positioning itself to tap the huge opportunities in the Nigerian Market.

Opportunites & threats are bound in every society.

Lanruze:



I have no reason to respond to you and owe you no explanation, but for clarity and reference I will enlighten you a bit.

Firstly, I am apolitical and I will remain as such for a while.

In Business there are opportunities and threats to Businesses everywhere in the world and not only Nigeria.

The same reason Multinationals are exiting Nigeria, enabled Deposit Money Banks (DMBs) declare humongous profits in FY 2023 which is the FX harmonisation policy.

All Tier (1) one Banks in the FUGAZ category declared mind-boggling and humongous profits based on the official Foreign Exchange earnings in their balance sheets (i.e the FX rates movement from N700-$1 to N1,500-$1).

The above states that threats in one sector with multinationals exiting based on FX scarcity scaled Tier 1 Banking to be profitable for a financial year.

There are opportunities in chaos when you take an objective and unbiased view of the outcomes.

Irrespective of the rate of strife in the Nigeria, A large and active youthful population is an asset to any country.

Even with the obvious inequality in Nigeria, people still eat, clothe, read, socialize, have health and medical need and move from one point to the other. These are demand driven sectors.

Even with declining disposable incomes, Nigeria is still the largest market in the black race take it or leave it and with the exit of multinationals, private equity investors and local manufacturers have no excuse than to substitute immediately whilst creating a homegrown solution.

Nigeria still has the largest data market penetration in Africa, The most prosperous and active FINTECH start-ups ecosystem in the whole Africa, The most engaging entertainment audience verified by Sportify, YouTube, AppleMusic and Boomplay. Facebook also acknowledge the traffic with the inclusion of Nigeria for its monetisation to improve audience in the country.

The Asians (China, South Korea, India) have gone through this phase before and are currently positioning itself to tap the huge opportunities in the Nigerian Market.

Opportunites & threats are bound in every society.

Realtruth2023:


Again you are not a sensible person to use the profits of FUGAZ as a yardstick. These banks took advantage of the devaluation and the unification to make a windfall in treasury sales. If you are smart you will see it from the analysis of their balance sheet and the P&L of these banks.

Lanruze:



Initially thought you were matured and civil but you chose to go the petty route by calling me " not sensible".

From your tone and attention span, you talk like a neophyte.

Matured people face the issues and address it appropriately.

Read and google the meaning of opportunites and threats.

And please be guided accordingly.

Realtruth2023:


Your folks that bore you are super-dense and also myopic.

You are a pessimist and outright lowlifer.

Stay there in your negative filled mind. Ozuor, Ode, Olofo.

Google how much YouTube and Ticktok paid out for content creators and see how much Nigerians make monthly legitimately.

How much do FINTECHs make that you know?

Please take a walk away from me Bad energy.

Oga stop trying to be smart it is not your forte you are dense. The huge profits they made due to the unification cannot be made again. The banks bow have seen a drop in profits because loan portfolio is shrinking.
Look Nigeria's population is now a curse not a blessing because of our low purchasing power. Our effective population that can purchase a commodity that ensures profit is shrinking. Multichoice recorded a drop in subscriber count. MTN record a loss in one quarter and they have also witnessed a slide in data subscriptions. You guys are so desperate to spread lies and propaganda, the era of deception is over, in Africa it is clear we are not what we used to be. One guy in an AU symposium said our population counts for nothing when no value is added. Our purchasing power and population used to be the value attracting thing, but no more because the purchasing power has shrunk where 133m are in poverty level and below you cannot be attractive at all.

Realtruth2023:


Oga stop trying to be smart it is not your forte you are dense. The huge profits they made due to the unification cannot be made again. The banks bow have seen a drop in profits because loan portfolio is shrinking.
Look Nigeria's population is now a curse not a blessing because of our low purchasing power. Our effective population that can purchase a commodity that ensures profit is shrinking. Multichoice recorded a drop in subscriber count. MTN record a loss in one quarter and they have also witnessed a slide in data subscriptions. You guys are so desperate to spread lies and propaganda, the era of deception is over, in Africa it is clear we are not what we used to be. One guy in an AU symposium said our population counts for nothing when no value is added. Our purchasing power and population used to be the value attracting thing, but no more because the purchasing power has shrunk where 133m are in poverty level and below you cannot be attractive at all.

ShogunNoName:


Well unfortunately I can afford to buy whatever the price things are. It's for those who can't like you. You are suffering and starving but you are waiting for me who isn't suffering like you to start a riot? This is the mentality of you poor people that keeps you people suffering.
When I want to change my terms of employment I don't come to social media to seek your support i act.

So now you need to demand better living conditions stop waiting for me.

Mugu

Lanruze:

Your folks that bore you are super-dense and also myopic.

You are a pessimist and outright lowlifer.

Stay there in your negative filled mind. Ozuor, Ode, Olofo.

Google how much YouTube and Ticktok paid out for content creators and see how much Nigerians make monthly legitimately.

How much do FINTECHs make that you know?

Please take a walk away from me Bad energy.

MTN profit dropped cause of cheaper alternatives from competition.

Opportunites & Threats simple......

Ozuor !

Ironbull:
Safe journey o them, it is not today we are hearing it. I remember during my man Gej era this was how they talked oh all company left Nigeria because of this because of that so its nothing new, whoever want to stay should stay whoever want to go can go with all pleaaure, the reform journey must be completed.

Realtruth2023
post=130844264:


Oooo bro you don't have sense truly. Do you know that now VCs have stopped investing money in Fintechs in Nigeria, the VC funding has stopped, they are focusing more in Kenya, South Africa and other markets. You asked how much Fintechs made, let me burst your bubble, many Fintechs in Nigeria have closed shop more last year than any other year, have you noticed that there is no more huge buzz again on seed rounds from VCs on Fintechs in Nigeria anymore.

Google, Microsoft and Facebook(meta) have scaled down investment because the incomes from Nigeria have dropped drastically, you say MTN and Co dropped because of alternatives tell me which alternatives to data from MTN? Bro face the truth Nigeria is not as attractive as it is because if it really is these companies would not be leaving or considering an import based model, because they know that our purchasing power is shit that if they produce and factor the high cost of production in Nigeria, the average Nigerian cannot afford it. Our population so far the government is not doing anything to improve the living standard, is more of a burden than a blessing to the market.

Lanruze:
You are an incurable pessimist and bad energy.

You justify your myopic view so swiftly like you are certain of the next minute or tommorrow.

You are a great ode, rude, childish and unnecessarily confrontational.

Nigeria is has the biggest potential in the whole of Africa, hope you know that Aliko Dangote was a large corporate in Nigeria before going multinational.

If he was a pessimist like you he would have given up with a little challenge.

Fiscus105:



Wen other tribes starts saying how its about their tribemen going for election, it would surely go round in all tribe.


You cant be relunctant to say other side about ur tribeman and be expecting to demonise my tribeman. Not even wen ur tribeman had been tested with a particular public office, but instead to say pros and cons of ur tribe man, you are projecting him as SAINT, while saying my tribe man is demon.

ONLY A FOOL FOLLOW THAT TRAJECTORY WITH YOU.

Realtruth2023:


Oooo bro you don't have sense truly. Do you know that now VCs have stopped investing money in Fintechs in Nigeria, the VC funding has stopped, they are focusing more in Kenya, South Africa and other markets. You asked how much Fintechs made, let me burst your bubble, many Fintechs in Nigeria have closed shop more last year than any other year, have you noticed that there is no more huge buzz again on seed rounds from VCs on Fintechs in Nigeria anymore.

Google, Microsoft and Facebook(meta) have scaled down investment because the incomes from Nigeria have dropped drastically, you say MTN and Co dropped because of alternatives tell me which alternatives to data from MTN? Bro face the truth Nigeria is not as attractive as it is because if it really is these companies would not be leaving or considering an import based model, because they know that our purchasing power is shit that if they produce and factor the high cost of production in Nigeria, the average Nigerian cannot afford it. Our population so far the government is not doing anything to improve the living standard, is more of a burden than a blessing to the market.

Ojuntana:

Pls ignore that dullard
Let me pick your brain
What do you think can be done in the immediate to rescue Nigerians from this bad situation

Realtruth2023:


First of all cut down the cost of governance, be very serious with insecurity so that farmers can go to their homes. Do an audit of the subsidy regimes and get those who fraudulently benefitted to repay back. Do a thorough investigation of NNPC and fish out those who steal crude oil to increase production. Offer incentives to SMEs to ensure more Nigerians are productive. Reduce tax so that there are more disposable income to Nigerians. Offer tax holidays to multinationals returning back to the country. Improve power generation and distribution in the country.

Ojuntana:

Hmmm. It's obvious you're not just criticising for the fun of it but have actually put in a lot of thought into your perception of the issues and a way out.
Do you think the present people in govt are on the right trajectory to carrying out your solutions or maybe if what they are implementing can get us close to it

Remman:
What do you expect from a country whose only means of boosting its economy is by toiling with policies that would bring down businesses rather than empower people to produce?

Tinubu kept saying we should all farm, but has anyone been given any grant or land to farm? No! All you hear is these announcements so that international observers would believe that the president is actually working but it's Nigerians that don't want to work.

As we speak most farms in the north are under the control of bandits. Most of the farmers were murdered and their farms invaded by herdsmen. What steps has the government taken to secure the lands back to farmers?

We can't continue like this

but the good news for this government is that the generation that will go on a protest for bad governance are still in primary and secondary school, as the current generation still dealing with the after effects of Endsars protest cannot embark on a similar protest again. It's common psychology.