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Author Topic: How Does popular economic trends solve real life problem?  (Read 100 times)
Marvelockg (OP)
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February 20, 2024, 02:43:27 PM
 #1

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?

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February 20, 2024, 05:58:52 PM
Merited by CryptopreneurBrainboss (1)
 #2

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?
I don't comprehend how the value of the people's currency has to affect tor anything to do with the people's reputation and image in other countries. It is as saying that people's reputation are judged by the strength of their currency in the parallel market, which is absolutely not correct.

The out cry of how bad an economy of a country has become or is becoming is to send a caveat to the political and economic leaders to canvass a way out of the dwindling economic imbroglio and hardship. Without an outcry the leaders might want to assume they are doing well but with an outcry it puts them on their toes to live up to their duties.

The best economies you see today were ones as bad as ours even worst of, but they worked it all out with time and today they are celebrated as great economies with their currency the envy of others, and am quite hopefully that if we can get things right same story could be said of our own country Nigeria and currency  in the future.

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February 20, 2024, 06:41:35 PM
 #3

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?
When a country's citizens refuse not to talk or complain about the current state of the country's economy or living, it makes it feel like the government of that country is doing its best to provide the economic, employment, security, industries, and socio-economically vices of the country's growth. That will make the country's government feel relaxed and feel like the people they are ruling are living happily with their way of governing.

When the masses talk badly about the bad government of their country, they are doing it for the world and their government to hear the people's cries and for them to know what the people are going through. So that the needful can be done to solve their agony and pains.

So, that's it to say, no country's citizenry will ever say they haven't talked badly about its country before. And talking bad about how your country is been ruled doesn't make one tarnish the image of their country but rather airing their frustration to their government to find a lasting solution to their problems.

 
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February 20, 2024, 06:47:05 PM
 #4

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?
Bro wat are you saying sef so are you saying that Nigerian should hold back on the happening about the state of the economy being rubbish by these set of people in power? The thing is that the country is bad and when people speak out it's good because that's the only way the people in power can possibly know that they are actually doing something wrong in the country because from their taught it's all well since they are not being affected by the state of bad economy the nation has.

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Uhwuchukwu53
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February 20, 2024, 07:18:29 PM
 #5

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?

This is very confusing, due you mean that airing out our problem is bad in the public space how, if not the nation of how our leaders have play politics with everything don't you know some nation this situation can generate war, people hardly protest without loss if life. Check the Western world how they kicked against their bad leader and policy through protest if truly you watch CNN and others news channel what do you call those western world that does that, do you prefer hidden your Borden instead of airing out, suffering and smiling can be in the old not in this digitalize world even slave trade when there is less technology people kicked against in public the economy is worst than that which need public kick. I think it will awaking every sector to seat up to work on the economy.

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February 20, 2024, 07:42:12 PM
 #6

My question is, how does this whole trend help reduce the price of dollar?
If I understood you, the trend that you referred to is about what is causing naira value to fall. What is causing it can not be the solution.

Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?
Our leaders with mentalities that have no solution to our problem. With the look of things, do not expect anything positive from our leaders. There are possible solutions but which our leaders can not give.

If this present government is competent to help the country to have good economy, we would have known by now. Let us see if the will prove me wrong.

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February 20, 2024, 07:58:13 PM
 #7

My question is, how does this whole trend help reduce the price of dollar?

The trend generated because of the current state of economy. The trend cannot be the solution but can serve as a call to the leaders to know how bad things have become in the country.

Quote
Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?

It is already high time for them to see how severe this have become for their citizens and we are yet to see a possible solution to it. Is this how a country that is clamoring for change has to go through before it finally comes? Isn’t it long over due for us to see a change with the hopes of a better country soon. I just hope things don’t get worst because if it does, people will fight the government back and that will be the worst thing to happen in this present administration ever.











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February 20, 2024, 08:55:18 PM
Merited by hugeblack (2)
 #8

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?

Are you asking why people are responding to this crisis or how they are responding to it? If your question is why, I will tell you that people are responding due to the current situation, which is tied to the high rate of the dollar. Unfortunately, Nigeria is a country that engages more in importation than exportation. This means most of the products we export are semi-finished or raw materials, which we then need to import back as finished products since we lack the machinery to manufacture them ourselves. Consequently, we end up buying these products in foreign currency like the dollar.

For example, Nigeria is one of the top 10 oil-producing countries globally, with vast oil reserves. Our oil sector contributes 70% to our economy. When the oil sector suffers, it leads to hardship, difficulties, and a depressed economy for Nigeria. Since we buy imports in dollars but sell them in naira, there's a systemic problem where we lose out, benefiting those purchasing our oil but suffering when buying back finished products in hard currency.

As for the how, people react to the situation when basic commodities become increasingly expensive by the day. There's a significant increase in the prices of everyday items like rice and petrol, making it challenging for individuals, including business owners, to afford transportation. The minimum wage does not align with the current cost of living, with items like cement priced at 10,000 Naira per bag and rice over 50,000 Naira per bag.

As a result, people are advocating for the government to address local problems and not to prioritize external interests. The government needs to engage with grassroots communities to understand their issues and implement initiatives to alleviate poverty. People are hungry, and the government's lack of action is pushing them to respond through protests, interviews, social media, and other means to air their grievances.

The government must focus on solving these issues promptly, keeping its promises, and engaging with the people effectively. Nigerians are enduring and persevering, but the situation is worsening, and the government needs to address these issues to prevent further deterioration.

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Gozie51
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February 20, 2024, 10:16:50 PM
 #9

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.


You see my brother this na part of the right wey people get through the freedom of speech. No be only this platform wey people dey write wetin dey deir mind, if you listen to radio na the same thing, for Facebook, X or other social media na same thing because the government never try do anything but to increase the hardship on people. That na why the last administration try to ban different social media platforms because dem no want make people dey talk about their bad policies.


My question is, how does this whole trend help reduce the price of dollar?


Don't be surprised that government personal are somewhere locked around but moreover government go through other social media handles and pages to get reaction of people on governance. They have media aids and press department that relates the pulse of the people to their boss. Be rest assured the media put the government on their toes. At least you hear say dem be do meeting with cement producers yesterday and because of that meeting, cement price suppose come down between 7k and 8k depending on the state and bua promise to release 6 million tons to the market to further crash price. So e still make sense when people express dem self irrespective of the platform so long they are saying fact and truth to it that glares in the faces of everybody.

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February 20, 2024, 11:18:17 PM
 #10

I comprehend what your caping, the truth is the more people keep complaining to each other about the current economic situation it begins to build an awareness and aggression in the citizens that will probably lead to agitation. the trend will surely help when people start vomiting how bad the economy is becoming and with protest that will rise as a result of people being tired of complaining about the economic hardship.

In another sense I can say what you mean here is the word thread not trend.
which has to do with tarnishing of our countries image in the forum. I totally understand, note it's not everyone that will act the way you want so you have to let go and move on because it has nothing to do with your personal life after all the forum is anonymous.
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February 21, 2024, 09:38:07 AM
 #11

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?
if what it takes for our leaders to come to their senses and carry out the responsibility they are supposed to do is to talk and shout for the world to see what we are passing through then so be it.

Do you expect people to people to remain mute on the midst of these economic hardship? Can you even remain quiet even though you want to? Everyday things continue going from bad to worse and even small African countries lie the Cameron, cote De voir and so many smaller African countries with little economic strength has a currency that's stronger than ours in the global market. When I saw that you can literally work in Cameron and whatever you're paid if you convert it to the Naira, it's more than twice it value in naira I literally wept for my country.

Maybe talking about how bad out economy is won't directly solve our economic problem but if our leaders still have any slight sense of human spirit in them then our cries wont be in vain. Now that we are even crying we can't even see any change do you know how bad things will get to if we all keep quiet and allow things to continue the way they are? 

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February 23, 2024, 02:27:43 AM
 #12

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

We suppose discuss things wey relate to us na why local board was created and since this things affect us directly na why you go dey see am for here often being discussed. If we never chop you no expect us to invest. We can't be discussing how to invest in Bitcoin why high cost of living wan finish the living so this threads dem na wetin we go dey see more often. When the economy better small, investing to improve our life go come become the order of the day.

Quote
My question is, how does this whole trend help reduce the price of dollar? Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?

Dem no dey suffer in silence again oh, you need to talk as e dey do you or you go die in silence. If the image of country getting tarnished na wetin go safe us from this hell fire wey we dey so no wahala make we continue untill the whole world hear our cry and help us. When more people begin to speak out, the governments can't ignore our cry again and better things will be done to improve the living of Nigerians but all this one no dey work for black man country but e no mean say we go stop. As we dey discuss so we fit share Ideas wey go help us deliver if we get the opportunity to be in position of power one day.

Wetin dey cause all this things na say people wey dey there no get a clue of wetin to do, wetin be their own na say na dem get power and e dun finish. The day we go elect the right persons into power all this wahala go become a thing of the past.

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February 23, 2024, 08:57:54 AM
 #13

Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?

Do you think that even though the citizen do not yearn that the international community do not know that Nigerian economy is bad, so what now trending, politicians are always bent on assuming things, the movement of dollar against the naira has shown that no matter what the government feel that they are doing, the should understand that the have failed in what whatever strategy they are using to comeback the bad economy, the government knows what to do to help the inflation overtaken economy, it is high time they do this or the bad economic news continue, op are you also aware that Nigeria consume more than they produce, I think you should know that this Nigeria's  bad economic news is not a new thing is just this current government worsened the matter with their bad policies that's why things are like this.

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