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What Every Nigerian Must Do To Escape The Impending Economic Rot. - Business - Nairaland

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What Every Nigerian Must Do To Escape The Impending Economic Rot. by tonykel1(m): 7:19pm On May 02, 2020
Expectation, they say is the mother of manifestation. What are Nigerians expecting after the Lock-down? What economic concerns do Nigerians expect? What are the economic permutations, projections, and probably the planned corresponding palliatives either as a Nation or as individuals?
It is a known fact that, the aggregates of proactive economic plans forestall future economic embarrassment of nations where economic concerns are ill-mortgaged by the economic frontiers.
In sequence to the aforementioned, it is expedient to take a deep reflection on the possible outcomes and corresponding precautionary measures taken to cushion the adverse effects of CVD-19.

Expected Fall-outs As A Result of CVD-19.
1) The Nigeria economy which has been in the negative will nosedive to a most deplorable state since the prices of oil which is the fulcrum of the Nigerian economy is in its historical lowest.

2) Companies will retrench their respective workforce to suit the prevailing economic realities. It is in the news that Access Bank plans a retrenchment of 75% of its workforce with a cut on the salaries of the outstanding 25% workforce. This is a replica of what will transpire in other organizations as massive retrenchment looms, salaries of the fortunate few will be relatively reduced to suit the prevailing economic parameters. Some organizations will lose man-hours while others will fold-up absolutely leading to an acute shortage in production and the services they render.

3) The adverse effect of economic downturn will affect most family units. Families are run on the strength of economic prowess. The stability of family units is to a greater extent, is a reflection of the economic viability and versatility of any nation as depicted in the per capita income. An aggregates of disarrayed family units will culminate in a volatile and depressed nation.

4) Depression leads to disoriented citizens. When citizens are disoriented, logical and analytical reasoning is depleted resulting in counter-productive reasoning faculty. When this happens, crime and all sorts of vices increases to a crescendo.

5) The outbreak of CVD-19 associated diseases. Malnutrition, Lassa fever and other airborne disease are imminent due to insufficient and inadequate medical facilities and technical manpower.

6) Educational decadence. It is often said that when we stop learning, we start dying. What this implies is that knowledge which imparts and improve our living conditions will be grossly depleted of its positive impact on the lives of individuals and as a Nation respectively.

Projected Precautionary Measures (PPM).
1) Situational Planning. As stated elsewhere, if we can think enough, what we have is enough for improvisation. The deployment of logical and analytical reasoning associated with the current realities premeditated on a sound projection into the future is a must. We must engage in productive thinking and reason our way out of the seemingly inevitable adverse economic concerns before us.

2) Agriculture: Engaging in agriculture is a sure way to mitigate against the impending economic woes. Agriculture never fails. People must eat and always demand agricultural produce which is the mainstay of life. Where money fails, solace is taken in agriculture because it fails not: it is the last lifeline of survival. Simultaneously, we are in the planting season. Plant a seed now, nourish it that it may take care of your nutritional and economic needs tomorrow.

3) Re-alignment of priorities. Prioritize your needs by placing your most basic needs at the top of your list. Drop needs of least life-sustaining values. Separate your needs from your wants and focus more attention on your basic needs in order priority.

4) Health Care. Make the food you eat your medicine. Healthy eating is the master-key to healthy living. Eat healthy food to boost your immune system. What you eat determines to a greater extent, the condition of your health to avoid unnecessary medical bills.

5) Education. Put your children in schools you can afford. Look out for school which is free tuition and put your children/wards there. This will go a long way to relieve you from the stress associated with struggling to pay fees.

6) Transportation. Curtailment of movement by engaging only in the productive itinerary to cut wastage of financial resources. Move only when it is necessary and when it is targeted at an end-product that earns you an income.

7) Relationship. Cut off negative relationships. The relationship that diminishes your thinking faculties and depletes you of limited available resources. Engage in positive impact relationship for maximum productive outcomes.

cool Innovation. Innovation enhances productivity and increases market share. Be innovative in your offerings to your targeted audience. This trade secret works like magic.

Above all, commune with your creator for guidance and the right direction always.
Once again, I wish you a happy new month devoid of the COVID-19 pandemic.
Hon. Kelobo Anthony

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