Post
Topic
Board Nigeria (Naija)
Re: Our economy, a challenge to DCA plan.
by
Hatchy
on 25/02/2025, 11:15:07 UTC
This is about Nigeria. Not DCA this time but NCA as you are specifically talking about our country and people that are receiving their wages or salary in naira.

NCA full meaning is naira cost average.

Yes, that is true. It is not only about agreeing but actually what is going on in the Nigeria. But as time goes, as inflation occurs, everybody will later be favored. Minimum wage was increased, those that are selling will earn more naira, those that import goods will warn more and so on in a way everything will later balance.

Although, I noticed what is happening in Nigeria recently is somehow as the government are not moving towards achieving a stable economy but preferring to make naira price to continue to increase and decrease. Recently, the value of naira is increasing but the foreign reserve is depleting.

But I still think anyone that is working that wants to NCA can still do it if the person has it in mind. Even if the value is not that much but it is worth it.

Lol NCA, I've not come across that before, but it makes more sense since we are dealing with naira here in Nigeria, so we leave the dollar for the owners. Aside that though, Nigeria government are not doing much helping the economy, but themselves. We can see how the value of naira is finally increasing in the market, but most of the prices of goods here in the country still remain same as when naira skyrocketed to about 1800naira/1dollar. It's not making any sense, if things are going to be good in the country, then they should try as much as to balance these little things that matters much. Increasing government workers salaries won't help them, as they would still spend more in buying things in the market. I'm concerned about the future of this country as the bad leadership is not coming to an end...