Topic: Economic challenge shouldn't be limitation to your project - page 2. (Read 442 times)

Believe me my friend, those people way been Dey buy food for eateries and spending in clubs everyday in the good times still Dey do am till today o. Before you got get mind to Dey live that kind lifestyle, you get better backings. Drinking and making merry for club everyday before hand na small thing… no be small thing then nor now so, if them been dey archive am then, them fit still dey archive am now.

Price of things go up, that na if you no dey sell something o. People way dey sell still stabilize things by increasing the price of the commodities way them dey sell.

The general truth to the lifestyle be say, e no good and person suppose cut expenses. Also, person suppose dey archive en long and short term goals. If your lifestyle no dey allow you archive am, then that na lifestyle way no dey worth living. Watch yourself closely, see where e go end you in years and cut what needs to be cut short or off.

The summary of this whole thing na your last sentence wey say we gat be disciplined with our spending this time around. Na now person really need to cut coat according to size. The way things dey go now, if nothing is don, problem go dey o. Even people wey been dey do well before, most of them are crying unto say nothing dey. Even some people wey dey work still dey struggle to feed their families.

Even when we dey encourage people to spend wisely, make we try also support people to get alternative sources of income wey go fit dey support.

Op you have a great point here, take for instance I use to work with a telecommunications company whereby I am a sim registration officer during this period I never bothered about any thing the money was coming swifty so there was no bigger plan to save or thought I will ever stop working with the company fast forward to this point I have learnt to cut my coat to my size me that use to spend about 1500 and above now manages 3000 naira a whole week.

OP, you really had made good point here and no contrary.
I have a friend who lived in one of the economical cities in the South East with a lower cost of living but has relocated to my City  somewhere in the South South which is regarded as one of the most expensive cities with a very high cost of living for this country.
Back then we lived together at the South East, he is unknown to lives outdoors and the unproductive spendings then at his arrival to join me in the South South,
I clearly let him know know that aside the hard economy that the city is exorbitant because I needed him to take early conciousness measures so he doesn't feel the enough money in the bank would take him a life time to maintain his reckless and luxurious spending lifestyle but guess what?
He said to me that he is not better than those in the village so if he goes broke he still has a room at this father's house there in the village.
I felt sorry for him but since he isn't a kid, I stayed back and watch how things goes with him and not up to 6months he is complaining giving blames to the federal and state governments due to the unusual value rate he that tends to drain his funds with no tangible reasons as a caused of my early notice to him.
But after the 6months has thought him lessons we could limit his spendings.

Morals >>> Learn to understand the kind of people you are surrounded and the kind of advices you are offered.
Learn to grab the goal of the one that says... "Let's merry to infinity" and when the other says "be conscious for tomorrow's" at when the finance is yet unstable and imbalanced.
Learn to give benefits of doubts at where your well-being concerned is preached.
Learn to live by advices of the experienced because there could be probably no second chance offer at your ignorantic time.

Wetin you talk, na so e be and we dey really see how the economic situation don scatter everything for person, even our personal expenditure don change because of how the economy of the country dey reall eat us up. But with d way the tin dey go, e don dey show how Nigerians strong and no go allow any negativity wey dey happen for our country go take affect the people. Everything na time and dis kind hard economy na him still dey show the potential of person and great talent wey dey hidden inside am. We no pray for bad economy but if he come, we go still arrange well how to live an average life without been clamped down by the bad economy situation.

Na now wey we just land the bus stop of cut your clothes according to your material. No wasteful living again because inflation don turn the economy up side down. This one na either you are in the rich level or you are living as poor person, those people wey dey been live like rich people, the economy don blow their ynash open. If you enter some rich areas for night you self go know say something don dey happen for their pocket as the place dey take quiet because dem dey respect demselves on fuel consumption.

Above all, the economy don make families use their hand abstain so that dem no go just dey born full house, this one na wetin dem dey call natural family planning.

There is two solution to this. Things are no longer looking funny, but we must survive and how do we go about this? We have to uplift whatever we do to meet the economy standard. As you said earlier that price of things have skyrocketed and everyone has increased their own price, to continue to finance your project, you also need to increase your ways of income. If you sell things for instances or offer a service, make sure you double the price as well so thay you can also be able to purchased things as well, there is no other way than this one.

There is a big challenge though, if the federal government doesn't increase the salary earners, they will continue to live in darkness for long time. Look at it, a person who have 3 kids and a wife been paid ₦35,000 a month, how do you think they will be able to keep up with such economy lifestyle that literally everything has triple in price, how do you not expect criminality not increase my brother? The only way for projects not to die is either the government reduce inflation and make sure that the price of goods is reduce or increase salary payment and for other non government workers, they should also increased their service charges to meet up with economy standard.

As someone who lives in Cameroon and Nigeria, what I can say is that between these two countries, Nigerians have a resilient spirit. I live most times in Nigeria and whenever I am around, I take my time to walk around and I see a lot project springing from one corner to another, if it not a residential building, it is a shopping mall, someone opening up a restaurant and all. Naija have a fighting spirit despite the the 200% hike in the price of everything. Well, the way e be na say, if you nor advice yourself by yourself na mad man go advice you. People have realli cut cost but come to think of it, is it the cutting of cost that does that would enable one reach their project goal or working more jobs, asking for salary increase or even leaving your present organization to a better with higher pay. Which of these does it?

I join hands in solidarity for this encouraging post which stresses on how the economy has become this past days and currently. The dollar rising and falling has done much to make a mockery of our Naira and well, corruption and its Hench men in political positions have in one way been contributory to the national delimma we face daily.

Still, anyone with a good project in mind should endeavor to think last about how to get the funds and first about how to go about realizing the success start and completion of the project.
Make proper analysis first, ask the right questions, find the niche, locate and talk with the supplier of materials or the delivery person. Make a move already and draw out a good workable plan. Seeking investors or sourcing for the funds should come last. Sorry, but that's how the current economy had made everything become.

OP you make sense o but base on the fact that we are making efforts to earn a living and meet up our projects doesn't necessarily mean that we shouldn't have time to also enjoy ourselves or rather go out with friends to have fun. Inasmuch as life is concerned, we should not be too attached to anything that will deprive us from taking good and appropriate care of ourselves all in the name that we want to meet up life obligations.

Some persons due to the fact that they are handling a project or rather making investments, the deny their selves good and healthy lifestyle simply because they have a target, ofcourse we all have targets in life but we should also know that the most important need of human is the daily bread, inasmuch a man can provide food for himself and his family every other thing comes after.

We should understand that we didn't create ourselves and nobody can predict exactly how the future is gonna be so we should be able to do things at our own reach and not go extra miles to please ourselves or anybody. Am not saying that we shouldn't invest, investments is very important because the investments we make today stands as a relief to our future generation as they will not struggle too much to meet up life obligation since we've already set a path for them.

Here are some examples of how companies have overcome economic challenges and become even more successful:
- Airbnb was founded in 2008, during the Great Recession, and is now one of the world's most successful startups.
- Netflix was founded in 1997, during the dot-com bubble burst, and has since become a global leader in streaming media.
- Microsoft was founded in 1975, during the recession of the early 1970s, and has grown to become one of the most influential tech companies in the world.
- Facebook was founded in 2004, during the dot-com crash of 2001, and has become one of the largest social media


You're absolutely right! Economic challenges should not be a limitation to any project, especially when it comes to innovation and progress. Even in times of economic hardship, it's important to remember that creativity and perseverance can lead to new solutions and opportunities. History has shown that some of the most successful businesses were created during economic downturns, as entrepreneurs were forced to find new and innovative ways to solve problems. So don't let economic challenges hold you back - they may just be the catalyst for your next big breakthrough...

This na nice suggestion as the economy bad reach so, every body get to minimize the way we take dey spend our money, any opportunity we get to avoid to spend money make we just better adjust.
Normally for me make I say wetin dey make me eat outside na base on the way dey season their  food pass the way I dey cook my own, despite anything you no go compare but no be on the regular we suppose dey do am. Omor to cook for house is economical but base on some days to eat outside for any of the republic no bad even if e go cost cos this life na just one, all the money we dey try gather we no dey carry am go anywhere and na from when we go patronize dem dey go from there pay their workers salary make dem fit still survive.

I totally agree with wetin you tok for hear, Op. These economic situation don dey since only say e no bin dey as harsh as e dey now and wetin we sopoz understand be say days dey go, cost of tins no go dey as e bin dey before and if we begin to blame am for why we never for accomplish anything for life then we never start.
Nah during difficult situations you go know whether you dey capable to handle tins and if you no get laid down plan on how to cope, you fit get pushed to the side.

Nah who fail to plan dey plan to fail. In life, ups and downs dey nai make when person dey make budget, e dey necessary to plan for miscellaneous so that e no go warrant you to touch pass as you plan. As the economy dey, e no go make sense if you dey spend based on impulse or because you feel say you want the tin. If you plan to buy something tangible, say land, nah to carefully work towards am, avoid unnecessary spending and jolly wey no dey needed because if any of us don observe, nah that time you get something you wan carry money do, nah the time careless bills go dey come up.

Things are really hard right now, everywhere in this country. I remembered when the fuel hike stroke into the land and things began to change drastically. House rents don skyrocket. Vehicles don dey expensive for market so even as a car dealer, you no go dey make profit like before again and na so car don dey very expensive now. Everything is on the high side.

As the economic crisis been come in, car wey I dey try use jejely use am hustle, no dey easy to fund again.  I dey buy fuel of 10 litres at the rate of 2,000 Naira before now which use to take me around 100 kilometers, now the same 10 litres cost 6,500 Naira now. Mind you, salaries did not increase and the naira have further devalued over the time.

So, it's like the case of when the blind lead the blind, both will fall into the ditch. If you mislead yourself by failing to adjust your means with the reality, you will only lead yourself to more distress. It is better to cut your coat according to your size. I had to delimit my movements with vehicle and whenever I travel, I make sure that I have to factor in all my appointments for a day and attend to them all at once.

This way you talk nah the legit matter, I fit recall those years when the price of things dey very much friendly but this days the price if things just dey give pipo hart attack and still the price of commodities just dey increase massively.
Gonna are those days wen pipo dey spend more carelessly but now the way the country hard so, e no dey easy to see somebody way go even dash you money if you no do anything meaningful for am, just in few days back, I heard two children discussing while I was going to the market, and the shortest among them said "e don Tay way I see money for ground oh" I was like you never see anything, abi you no know say this country done hard, and the children laugh and tell the younger one "nah true em dey talk oh.
We can't go back to the past but it seems that the future might be getting more harder than the past,,,, I wish we can go back But e no dey possible sha.

Yes, I believe this information 100%, but with the high increase of commodities daily in Nigeria, it is turning to something else to the extent that many people find it hardly to have something to eat some days, not even talk of going to a club to have some drinks. sincerel Nigeria is becoming hard for salary earners. What they have to do is just adjust; if not, it will be very hard in the country, and if we are not careful, we will start hearing of squid issues from various sides of that country due to hardship, but we are not praying for that to happen. We should try our possible best to help the needy, and some of the money we spend on expensive and luxury items can also be used to help the low-class people living in Nigeria.


This is just a fact: eating food now in the eateries will consume a lot, as you say, and even due to the cost of food in the eateries, some people prefer to stay hungry and decide when they will reach home and eat rather than buy food from the eateries. If they are not making these plans, they will end up not meeting their needs and also the needs of their families, but still, food commodities are increasing daily.
 And again, those that are engaged in hunger just to provide the possible need for their family can end up facing some medical challenges like ulcers, which are caused by hunger and are a critical health issue that is happening to many people, especially those that are responsible for providing the need to their families. That is why I am emphasising those who have the money to help others who are still suffering and struggle to survive.

You Dey very correct. I agree with wetting you dey talk because on daily basis things they skyrocket and e dey hard for common man to survive. To meet up to family demands and to flex your life as a young man don be problem. Who dey even dey reason bear wey 1 bottle na #500 some place self na#700.  if person wey dey reacieved #40k as salary go buy 6 bottles of bear plus other things under say na flexing, atol atol you go spend not less than #5k. you go see say you don even short the money wey you sopos plan with your family. Na this thing they make many young guys don dey drink ogogoro  like (monkey tail). That's why dem say "poor man say bear beatter" because Dem no ft afford expensive drink.

Me self when I dey pH I dey always dey tell some of my guys wey dey like chop mama put, say nothing come out o. Say the kind work then dey work and the salary Dem dey reacieved no even sopos make them dey go buy food for iya rice and beans hand, because that thing go make them no ft save money. Some of them way reason my idea, them buy cooking item come dey Cook, Dem come see the difference wey dey to cook and to eat outside, Dem come they thank me say no wounder I no dey too much complain say I no get money. Because that thing been dey help me save money.

Even as the economy hard like this I think we also need to reduce drastically on the kind of unnecessary expenditure wey we dey do. Just like as them talk say " sew your coat according to your size" if person no learn how to minimize your expenses as a young man wey never marry. If you Mary e go definitely affect you and your marriage. Because many married couple dey face challenge of money mismanagement and you go dey see your wife as the problem meanwhile you no even see say the life you don dey live tatay don dey affect you.

You talk well because hard times create great man, na in hard times wey people dey do things wey go change their lifes forever when the good times come. The last pandemic created millionaire plenty but e get people wey their own na just dey complain upandan. When times get tough you no support dey complain but find solution to wetin go make your life better. If you dey flex ₦100k when everywhere been good, you no need person to tell you to reduce am or look for additional sources of income if you wan continue dey flex that kind money without thinking you'll go broke. As lifestyle price dun high, you need reduced your outting and do things wey go reduced ur expenses so you fit get money wey you go use do other important things wey get meaning for your life like the projects wey you dey talk about.


Eating outside no make sense because you no dey there when dem dey cook the food and our hygiene for this country no be the best as dem no dey even inspect the food dem like that so anybody just dey do wetin dem feel go save them some expenses so dem fit make profits and you no go blame them. Many restaurants dey reuse groundnut oil wey be say nobi the best oil self to dey use fry something and when you reuse am you dey add more health damage to yourself. The cookers self, who know if them dey keep a good hygiene before dem cook food wey people dey chop. Apart from the expenses wey they dis restaurant e better we prepare our own food for house as we know say we go run am well as na we dey eat am.

As a salary earner you should know that the current time, things are difficult and you should live your life according to the way things are so you don't go into financial impediment.
If it is the time for us to go into austerity measure as a means of saving more for survival then you shouldn't hesitate to do so.
Especially with this period that we are going towards Christmas, food and other commodities will actually skyrocket, so is best you live within your means and stop unnecessary spending.

Individuals make excuses out of every situation, yes, it is true that we are facing hard times, but it should not deter us from executing our projects to the fullest, though it depends on the project, the key to achieving whatever we want in this life is planning and budgeting, I know how difficult it could be most time for someone to accomplish his or her plans, it is not that easy, but discipline and being focused can help you as a person to make this a reality.
This time we are in, everything has to be captured in your budget both miscellaneous spending so that you will be balanced as a person, spending outside your budget can be detrimental, just imagine spending more than what you earn in a day, week, or month, you will be made to face the consequences, as the OP, has mentioned buying foodstuff and cooking at the convenience of your home will help you reduce cost and unnecessary spending.