( https://youtu.be/RGpxs-84MaU?si=nJpEr9Bjc-Vd42Gx )
(January 18, 2025)
(Note: This is just a summary of the video)
*He structured his presentation into five parts:*
1. What was (where we were)
2. What is (where we are now)
3. What could have been (where we were heading if we did nothing differently)
4. What to expect (where we are going, what is possible, and the Outlook)
5. What it means for you (where you come in, what you need to do)
*1. What Was:*
- Nigeria was living on window dress realities.
- The exchange rate was artificially low.
- The economy was not as large as it was thought to be.
- Fiscal deficit to GDP was rising.
- Nigeria spent 96% of its revenue to service debt.
- The outcome of what was happening was predictable.
*2. What Is:*
- The worst is behind us and it can only get better going forward.
- The economy is being restructured.
- The government is taking steps to improve the business environment.
- The government is investing in infrastructure.
- The government is promoting financial inclusion.
*3. What Could Have Been:*
- If we didn't do anything differently, we would be very close to an economic meltdown.
- The government would have run out of money to pay for subsidies.
- Inflation would have been hyperinflation.
- The government would have had to print more money, which would have led to further economic problems.
*4. What to Expect:*
- The economy is expected to grow in the coming years.
- Inflation is expected to remain low.
- The government is expected to continue to invest in infrastructure.
- The government is expected to continue to promote financial inclusion.
*5. What It Means for You:*
- You need to be informed about the economic situation.
- You need to make informed decisions about your investments.
- You need to focus on what you can control.
- You need to be proactive and not reactive.
* Conclusion:*
* Mr. T. O. concluded his presentation by saying "May Nigeria not happen to you rather May Nigeria work for you and may Nigeria win."
Note: This is just a summary of the video.
https://youtu.be/RGpxs-84MaU?si=nJpEr9Bjc-Vd42Gx

No comments:
Post a Comment
Note: Only a member of this blog may post a comment.