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Monday, May 28, 2018

The Fall of Naira

Hello Spotlight readers, it's no longer a news that the naira has lost an enormous amount of value in the international space. While many will argue its solely as a result of bad governance some people strongly believe it's as a result of not purchasing made in Nigeria products. Read the opinion below.⤵️

"The fall of the Naira did not just happen overnight When Naira was stronger was when we had

1. Peugeot Automobile Nigeria.
2. Volkswagen Nigeria.
3. Dunlop Nigeria LTD
4. Michellin, Nigeria
5. BATA.
6. LENNARDS.
7. Nigerian Airways.
8. Steel Rolling Mill, Osogbo.
9. Steel Rolling Mill, Ajaokuta
10. Arewa Textile Mill.
11. BEREC Battery.
12. ANAMCO
13. General Motors.
14. Kingsway.
15 A.G. Leventis
16 Bhojson's
17. IBM
18. IICC.
19. RANGERS FOOTBALL CLUB.
20. ETC

Free fall started when we abandoned
1. IICC for ARSENAL
2. RANGERS for MAN. U.
3. EYINMBA for LIVERPOOL.
4. NIGERIA AIRWAYS for BA
5. YANKARI for DISNEY LAND.
6. GURARA for ISRAEL.
7. IKOGOSI for UK .
8. PALM WINE for HENESSY.
9. AREWA for SWISS LACE.
10. ARIARIA for ITALIAN SHOES.
11. MAMA PUT for KFC
12. OJA OBA for SHOPRITE.

There is practically nothing on ground in Nigeria to attract the dollar. Naija brands are sponsoring foreign clubs.

A bottle of Henessy is 110k in Quilox, in V.I. The voice over of ARIK AIR advert was done by an English man.
And we are growing the  NAIRA!

Nigeria, being the 5th largest consumer of Japanese products in the world, do not have an Assembly Plant for Toyota.

We do not have assembly plants for Mercedes Benz, Hyundai, Honda, etc.

Despite the fast growth of broadcasting & ICT in Nigeria, we do not have assembly plants for any of the producers of all electronic appliances such as Samsung, Sony, Nokia, HP, Techno, etc.

Major software development contracts are warehoused from offshore.

Corporate Executives & politicians give more preference to foreign trainings, foreign medical services, foreign food items & foreign dresses.

With the growth in aviation, aircraft maintenance are done offshore.

Most fishing companies have been taken over by the Indian.

Chinese n Indians are leading farmers with GMO n biotechnology across d country while Nigerians are busy selling land.

Whom will u blame if foreigners are now the land owners after all you can't eat your cake n have it.
Hmmmm.....

*The cause of problems is in the Mirror check it out!! Don't look elsewhere, check the MIRROR*- *We are collectively CULPABLE !*

Please stop developing other economies at our detriment.

Let us begin to patronise local products and grow the NAIRA !

The time to start is now n now is never late._ 

*Please share this info until it gets to every Nigerian."

*DISCLAIMER*

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