Cordly™

Author Box


Gboyega AdedejiGboyega Adedeji
Mentored By Jesus Christ | Writer | Inspiring Speaker | Publisher | Coach | Builder | FOUNDER @ Fridayposts, Hubpile, Witicles| President/CEO at Centre for New Dimension Le
Joined 8 years ago
From Bwari, Abuja - Nigeria
Total Articles 287

Recent Articles From Author

# The Law of The First Have: How To Harness Your Most Available Resource For Effective Performances
# The CAUSE of Corruption In The CHURCH: Discover The MIND of God for Our Own GENERATION
# The SIX Steps of INFLUENCE: How To NAVIGATE The Terrains of LEADERSHIP
# The Breath of The Almighty God

Order your favourite books online now, Save the stress & Pay online or with cash at Your Doorstep!



Article Category >>>News and Society

When Money Fails: Why Is Naira Failing in Nigeria?

By Gboyega Adedeji       May 17, 2016



When Money Fails: Why Is Naira Failing in Nigeria?

The simplest definition of money is that it is a medium of exchange. You must have money to have anything else is the assumption. Whenever you need any good or service, you must be willing and ready to give up a commensurate portion of money to receive what you need. The question now is, what happens when money fails?

The situation in Nigeria is now close to the failure of money in a society. Today, many people cannot get what they need with the money they have. Sometime ago, Nigerians thought all was well with Nigeria – prices were relatively stable, petrol was available at the stations; money was flowing left and right during the elections. It got so bad that I was persuaded to write two articles: Beyond 2015 Elections: The Impediment To Economic Growth & Development In Nigeria and The Folly of Electioneering In Nigeria: We Either Change or Perish.

What I observed was an alarming rate of misunderstanding of most Nigerians about the dynamics of a stable or healthy economy. Many people did not care about the massive expenditure of the politicians of the general elections; neither did anyone note the implication of the widespread distribution of dollars across the country by the politicians.

A few days ago, while discussing with my Wife, I told her that the simplest explanation for the scarcity of dollar in Nigeria today is not the fall in the price of crude oil in the global market. I said it is due to the massive exchange of looted (embezzled or diverted or stolen) naira to dollar during the last general elections. Things would have been better if the people who received the dollars exchanged them back to naira. But what happened? In fear of the new “sheriff in town”; many people kept their dollars away from the banking eyes.

The implication is that; we now have too much naira in an import dependent economy with little foreign reserve. Money fails when the object of need is not within reach inspect of the availability of need.

Some thousands of years ago, in Egypt, there was a severe famine that engulfed most part of the known  world. However, a young man called Joseph was the nation’s Prime Minister, who had forecasted the economic woe; and prepared the nation for the future. When the famine eventually came; he made plans for the rescue of Egypt from the woeful experience that many nations were experiencing.

Now there was no bread in all the land; for the famine was very severe, so that land of Egypt and the land of Canaan languished because of the famine.
And Joseph gathered up all the money that was found in the land of Egypt and in the land of Canaan, for the grainwhich they bought; and Joseph brought the money into Pharaoh’s house

So when the money failed in the land of Egypt and in the land of Canaan, all the Egyptians came to Joseph and said, “Give us bread, for why should we die in your presence? For the money has failed?” 

I do not know what you saw in that story, which is found in the Bible (Genesis 47:13-15); but I saw Nigeria, the Petrol, the minister of state for Petroleum and the CBN. That sound funny right? But that is the truth! In the case of Egypt, their leaders were on-top of the situation; working hard to solve the problem. In Nigeria, some people do not trust the political intent of the government. But the truth is that, petrol is scarce in Nigeria; some Nigerians have the money; but the money is now proving difficult to get them the petrol.

A nation so blessed as Nigeria is in a terrible situation; not because God did not bless us as nation; but for years; we were never prepared for such a time as this. And we were not prepared because the political “leaders” never saw this coming – I only wonder what they were busy seeing while in office (only hope it was not only money).

Joseph was appointed Prime Minister of Egypt because he saw the problem coming, and he had a plan to avert its consequence on the people of Egypt. I believe the money is failing in Nigeria; and nothing tangible is done by the “political leaders” because we as a people never and we do not help ourselves by recruiting ONLY men and women of vision and passion into political offices. Nigeria can and will get over this MESS; but we as a people must pick our lessons – lest the affliction arises the second time! I rest my case!



  
2280


If you need to re-publish this ARTICLE, please cite this article - (https://cordly.ng/blog/when-money-fails-why-is-naira-failing-in-nigeria-24263/) and the Writer (Gboyega Adedeji)

Do You Find This Article Helpful?


Article Tags: Gboyega Adedeji writes about Joseph; when money failed in the land of Egypt, lessons for Nigerians from the story of Joseph in Egypt, money faileth, t
Article Source
Gboyega AdedejiAbout Gboyega Adedeji
Gboyega Adedeji Gboyega AdedejiGboyega AdedejiGboyega AdedejiGboyega Adedeji

  

Mentored By Jesus Christ | Writer | Inspiring Speaker | Publisher | Coach | Builder | FOUNDER @ Fridayposts, Hubpile, Witicles| President/CEO at Centre for New Dimension Leadership | Entrepreneur | Husband & Father. Engaging me will change you!

I am a Nigerian and an Ambassador of Christ sent to Nigeria for the cause of His Kingdom. By divine-making, I read, teach and speak. I am a Dad to my children and a husband to my lovely wife Omolara. Simply, I am a Writer, Teacher, Coach, Leadership Developer, Conference Speaker and Publisher among others. I am a Creative Managing Partner at kpInspirationals, a media outfit based in Abuja. For more about me, Visit my profile page on Webnigerians, Twitter, Facebook and LinkedIn




Social Sharing
If You Enjoyed This Article; Then, Share It On Your Social Network



     Copy This Short Link To The Article: https://cordly.ng/i/PVeu4 When Money Fails: Why Is Naira Failing in Nigeria?When Money Fails: Why Is Naira Failing in Nigeria?When Money Fails: Why Is Naira Failing in Nigeria?



Post Comment


Article Comments

No comment found! Be the first to share your thoughts on this article!


Related Articles




Author's Articles





My Accounts Categories Useful Links Affiliate Links Follow Us
Cordly is not a mere article directory; but Trusted Online Article Directory of syndicated articles on 27 core topics, including health and fitness, finance, business and economy, life improvement, real estate, politics, leadership, management and education. Authors publish articles for free and share knowledge with potential customers.


Lost Password
Sign In
Sign Up
News and Society (169)
Self Improvement (165)
Business and Economy (103)
Leadership (134)
Politics (81)
Arts & Entertainment (49)
Health & Fitness (138)
Religion and Kingdom (64)
Real Estate (16)
Computers & Technology (24)
About Us
Advertise With Us
Contact Us
How To Submit Articles
Article Writing Tips
Sitemap





LeadStra
Hubpile
Pay4ebooks
Cordly Video Downloader
kpiBooks
Fridayposts
Flickers of Hope Foundation





CordlyNG on Facebook  Facebook

CordlyNG on Twitter  Twitter

CordlyNG Blog  Blog

Send Email to CordlyNG  Email