Skip to main content

MONDAY RANDOMS - THE POSITIVE SIDE TO THE INCREASE IN EXCHANGE RATE

Happy New week all! need I remind us, Monday Random is a segment on the blog, which tackles societal issues, personal experience from the weekend, Brands and topics you wish to share!

The current increase in Exchange rate here in Nigeria, can be credited to the fall in oil price all over the world; most oil producing countries like the Arab nation refine their own oil and don’t export their crude like we do here in Nigeria, we spend a lot to export oil we produce in our country for refining in another country. Ever since the fall in oil price, other sources of national wealth are being looked into. The present FOREX rate have created 3 situations in the country:

  1.  Made it difficult for the importers and exporters to tranzact.
  2.  Made it easy and created room for made in Nigeria products to trive.
  3. Left some people as spectators.

I love made in Nigeria products because it is affordable, has aesthetics and quality, other sector of the economy such as Agriculture, Agro allied and Manufacturing Industries will not only create Job opportunities, it will also bring industrialization and investors to Nigeria. This current increase in FOREX have made it difficult for importers to import at the current exchange rate, Now is the time to take advantage of this opportunity, think Nigeria, If you have a good business plan that will be based in Nigeria, then the BOI Bank of Industry is willing to help www.boi.ng
As for Spectators, they just keep arguing and criticizing the present government administration, instead of constructing a good business plan that will breathe and say everything Nigeria. I listened to  and was inspired by the Interview of the CEO ORIKI  skincare Joycee Awojoodu HERE and I just said to myself, in 5 years to come, Made in Nigeria will be the best thing to happen to the world and Agriculture will be our biggest source of income.

Do you know that Nigeria is the best places to do business? If you produce quality products for an estimated number of 1 Million Nigerians every day, multiply your profit by 1 million! that is huge. 
As I sat to ponder over the country’s present situation, I realized that ERISCO FOOD PROCESSING LIMITED just installed a tomato pastry processing factory at Ikeja Lagos Nigeria, which was last week commissioned by the 1st lady, he kept on smiling during the commissioning, he didn’t complain of increase in dollar rate, rather he sort means to improve the country's economy. It is time to sit up and make “made in Nigeria” work! Let the Aba guys be able to write made in Aba not made in Paris on top and Italy under the sole of the shoes they make, Let us #BuyNaija.
 You too can find Value in every situation. What are your thoughts on the current FOREX crisis in Nigeria?


If you need business Ideas or brand consultancy services, why not contact me on ujulilyan@gmail.com

Comments

Post a Comment

THANK YOU FOR READING, DONT FORGET TO DROP YOUR COMMENTS.

Popular posts from this blog

STYLE - WHO ROCKED IT WELL?

Good day beautiful people, due to popular demand *winks* am doing this post, my last post about the yellow mustard had most of  my readers trying out the mustard colour and sending them to me. Of all the entries I have received, I chose three and decided my readers should vote who rocked it well. My apologies to you, if you sent a picture and I didn't post it. Here are the pictures of the three ladies you would be voting for: Ada Linda Uche Did I forget to mention that the person with the highest vote would receive an ETHNIQUE accessory hand crafted by me, yes me. Don forget, voting ends on Friday the 23rd of August 2013. Now let the voting start, throw in you comments and votes.
134 comments
Read more

STYLE CRUSH- IRO N BUBA BY ONYI ANAX

Nobody can rock Iro n Buba more than my style crush for this week. Good day lovelies. Iro n Buba popularly known as Iro ati’ Buba in Yoruba, originated from the yorubas in Nigeria West Africa and was adopted by many tribes in Nigeria, it was popularly worn by our mothers, but our generation who knows how to revamp fashion has brought back the trend- OLEKU (the short and trendy version of Iro n Buba) and we are giving our grannies a run for their fashion style. Onyi Anax is my style crush for this week; she is an experienced fashion designer in the heart land of lagos
29 comments
Read more

STYLE- ONE SHIRT DRESS,TWO STYLES IN SUMMER X ONE DRESS MANY WAYS

The Climate weather condition we experience here in Nigeria is the Wet and Dry Season. Summer they say is the season between Spring and Autumn, Some say it's the hottest time of the year, but generally all over the world, it is the period comprising of the months of June, July and August. Sorry lovelies, I have been MIA and there is no excuse enough to have blanked out like that, please bear with me. Fashionistas really like to gush about summer because its that time of the year to bring our daring fashion game on, go on Vacations, Summer holiday, Out door Sporting activities like skiing,swimming, picnics and so on. In the summer activities, we like to dressup and bring our fashion game on. The Shirt dress is my favorite go to outfit for summer or any day that isn't cold, it is very versatile, I can style it in many different ways as I did in one of my post HERE . This is how I wore my shirt dress. LOOK 1
14 comments
Read more