Relief for the Nigerians Paying for Netflix, Amazon Shopping With Naira Accounts
For students studying abroad, freelancers paid in foreign platforms, and families with bills outside Nigeria, the news signals both convenience and cost savings.
A New Perspective
In doing business, the ultimate goal is to make money, keep running and above all achieve success. Business is a universal language and can take place anywhere. Consequently, Africa is providing new business grounds for Europeans and the Chinese who have seen all manner of competition in the west.
Africa is still void of certain business niche so, it will offer a great venture to top businessmen from around the world. Electrical company from Turkey are providing electricity in Ghana. Investors from the United Emirates have also seen fallow grounds on the continent.
It seems like it is all happening at the same time for Africans who are also open to welcome all manner of investments. New business deals will add to the timeline of progress on the continent.
However, how are these investments to be analyzed? Why did it take so long for investors to step into the continent that has long been neglected? What’s their benefit in these?
Everyone likes to grow and see the next generation grow and there isn’t any need for Africa to push business opportunities away. There’s going to be articles often from Africareinvented and it will dissect the issue more.
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For students studying abroad, freelancers paid in foreign platforms, and families with bills outside Nigeria, the news signals both convenience and cost savings.
With reserves strengthening and investor inflows sustained, the naira’s steadiness suggests that policymakers’ efforts to stabilize the currency and restore market confidence are beginning to pay off.
A 5-year projection table showing side by side the savings growth vs inflation effect, money vs purchasing power gap, can become a real situation for most people.
It would be harder and awkward to make this ratio look a bit simpler, like 1 in 1.17 working Nigerians are self-employed. However, it rounds nicely to 6 in 7, which is an easier way to understand the numbers.
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