Normally, if you're earning in dollar, you're going to be happy that the price of dollar is increasing regularly while that of naira is reducing. But that's a temporal happiness because you are not an island and the majority of the populace are earning in naira and if you continue acquiring properties while your nearest neighbour is suffering in abject poverty due to the high cost of things, it means your earnings is not safe at all.
We know with the look of things the difference between the naira and dollar might not meet anytime soon and those earning in dollar won't even pray for such moment to come but let's assume that one naira=1$, the rate of jobless people in the society will be too much because almost all those doing online jobs where they are paid up to $1000 a month won't want to do such job because it won't make any sense at all
Imagine you're doing a signature campaign and you're even paid up to $100 per week and a dollar is just equivalent to 20 naira, most persons won't apply for signature campaigns and I guess this is the advantageous the difference in the value rate of naira to dollar have.
Topic: Are you Benefitting or not Benefitting due to Dollar increase - page 2. (Read 268 times)
D only pipo wey I feel say go dey benefit from the dollar increase na pipo wey dey received their income in dollar and them nor get any family responsibility. As in no family members dey ask Dem for urgent 2k, Dem nor dey bread their mama and papa Dem, dem dey single, Dem nor dey drink ,.smoke, womanize or get interest im materialistic acquisitions. Na this kind pipo wey dey benefit. But me know say e dey hard to see this kind pipo. For as long as you dey Naija, I nor see any benefit of the dollar increase because you nor fit sidon dey look while your family and friends dey suffer the harsh economy.
My pipo as we all know say the matter concerning nde rate of how Dollar take dey strengthen over de Naira, Na something wey get negative and positive impacts for fellow citizens. Some of us get friends, brother, pipo around us wey dis thing dey affect dem either good or bad. I get friends wey dey earn $2,000 weekly and because Naira dey week de guy dey acquire better properties and other assets and him happy as the Naira dey week because him earnings get big value and I also get friends wey dey complain negatively about de situation.
Na advantage to some persons and some pipo dey benefit as Dollar increase because some pipo wey invest for bitcoin go get higher returns and pipo wey their jobs dey pay in dollars and businesses also wen dem convert am to Naira na better monie and dem dey happy to earn in dollars because de monie big value for Naira and dem dey meet up no matter de hardship and cost of things for de country.
Na disadvantage to other pipo because the prize of imported goods and services go dey on increase and ee go affect businesses and pipo wey dey patronise dese products and plenty things wey we dey use na mainly imports.
With d dollar increase which one U know say dey impactful to u.
Na advantage to some persons and some pipo dey benefit as Dollar increase because some pipo wey invest for bitcoin go get higher returns and pipo wey their jobs dey pay in dollars and businesses also wen dem convert am to Naira na better monie and dem dey happy to earn in dollars because de monie big value for Naira and dem dey meet up no matter de hardship and cost of things for de country.
Na disadvantage to other pipo because the prize of imported goods and services go dey on increase and ee go affect businesses and pipo wey dey patronise dese products and plenty things wey we dey use na mainly imports.
With d dollar increase which one U know say dey impactful to u.
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