And when I think about this, it really saddens my heart because I strongly feel that there are lots of business opportunities and untapped ideas that the average Nigerian can tap into and start making some money from, however small.
Search Toggle display of website navigation Argument: Fool Nigeria Once, Shame on You. Fool Nigeria Twice … Muhammadu Buhari promised to embrace democracy as president, but turned out to be the same autocrat who failed the country 30 years ago.
November 20,5: Buhari, 72, defeated Jonathan in March 28 elections -- the first time in Nigeria's history that an opposition candidate had beaten a sitting president.
For weeks and even months after the vote, Buhari was a media darling, praised at home and extoled abroad. But the main reason Buhari has lost the support of his countrymen is that the last year has revealed the central premise of his candidacy to be false: Soon Nigeria was embroiled in a political and economic crisis that paved the way for his ouster.
Byhowever, many Nigerians were ready to give him a second chance. Growing economic hardship and rampant corruption — and the seeming inability of then-President Goodluck Jonathan to tackle either — convinced them to embrace Buhari again despite his checkered past.
To many he seemed like a competent leader — at least more so than the weak and feckless Jonathan. He has again staked his presidency on an anti-corruption crusade and again used it as a vehicle to target political opponents.
Part of the problem this time is that he promised much more than he could ever have hoped to deliver.
In any case, the results have been predictable. Instead of creating jobs, the Nigerian economy has shed half a million of them since Buhari took office, swelling the already bloated ranks of the unemployed to The current dollar exchange rate for the naira is about to 1, compared with to 1 around this time last year.
Food prices have reportedly doubled across the country, forcing millions of people to go hungry as a famine looms in the north. He inherited an oil-dependent economy only to watch the price of crude crater. Despite spending the better part of the past decade campaigning for president, Buhari came into office with no idea who to appoint to his ministerial cabinet.
Most presidential aspirants would have vetted potential appointees during their campaigns or at least during the transition. By the end of August, the economy had slipped into recession. Despite all indicators pointing to the need to devalue the naira following the loss of oil revenue, Buhari has declined to do so, insisting on applying stringent controls on the foreign exchange market and the importing of commodities like rice and frozen chicken.
Meanwhile, disappointed investors are fleeing or refusing to come due to the unfavorable business climate. More than companies have reportedly shut down in the past year alone. The administration has initiated several investigations into financial fraud or misappropriation by former government officials, but so far there have been no convictions.Packaged food benefits from ongoing shift away from unpackaged products.
Over the review period, packaged food was one of the best-performing markets in Nigeria despite stagnation in the economy and consumer spending power in Restaurant Business Plan / Starting Fast Food Business - Has to do with the overall goal of your restaurant; a description of your target and pricing.
After paying for your Restaurant Business In Nigeria Feasibility/Business Plan and Manual, send your email and payment details to Cold Room Business Plan / Frozen Food .
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How To Start Cold Room Business In Nigeria (Business Plan) There are two ways to make money from a cold room business in Nigeria. You can setup a cold room to sell the perishable food item mentioned above to members of the public or setup one for companies and individuals to rent.
Nigerian agricultural-economy Nigeria is the most dense country of the African continent with a population of over Nigeria into a leading player in global food markets to grow wealth for millions of farmers”.
Key to the Program is treating agriculture not as a development project, but as business. Feb 02, · I had a blast at the sweet Kiwi V.I Store Launch so I decided to share it with you all.
I knew my fellow Nigerians abroad would be missing home and those who.