See A Layman's Assessment Of Why Nigeria's Economy And Naira Is Breaking Down

 

I found this piece online and decided to share with you guys. This looks like it makes a lot of sense within.

Enjoy:

Ayo the hunter hunter goes into the bush, kills a very big Antelope and sells it to Mama Iyabo who sells peppersoup. He sold the game for N1,000. He told mama Iyabo to make sure the peppersoup is well made because he is coming along with his friends in the evening to enjoy themselves.

When they got there that evening, they ordered for plates of peppersoup. Ayo bought the head for N500, he bought the four legs for four of his friends at N500 each, another person ate the intestines as assorted, he paid N500 for it, three other people also ate N500 worth of peppersoup each. Ayo the hunter ended up spending N4,500 to buy what he sold to Mama Iyabo for N1,000. Mama iyabo made a cool N3,500 profit just by cooking (processing) the meat and selling it back to where she bought it from. That is 350% profit and yet she still had excess remaining to sell to other customers. So who is wise and who is foolish here?

Let us relate this story to our dear country Nigeria. We sell crude oil to US at less than $30 per barrel and we are very happy; so happy that we spend the money lavishly, and then go back immediately to US to buy the processed crude oil in the form of Kerosene, PMS, AGO, Tar, petroleum jelly, wax, petrochemicals etc.
At the end of the day we end up buying these products at 12 times the cost of what we sold them. How is it possible Nigeria is not broke. Nigeria sure has been broke since 53 years ago. We need to start looking for solutions to our problem. We as a nation need to look into alternative investments, such as agriculture.
If we don't do anything now there is going to be a huge catastrophic ramification that will hit this nation. Non of us have a clue as to how broke Nigeria is, honestly non.

I wish our leaders could rise up to this challenging occasion, otherwise 10 years from now Somalia will be lending us money. But God forbid.... GOD bless Nigeria, God bless Nigerians....

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