The search from within

Hello Everyone, Happy New Week!

Hopefully your week is hitting a cherry note! Today I'm back to talking about the Economic situation. Yes! That’s our topic for today. Being a country heavily dependent on imports and with the dwindling exchange rate powered by a “silent devaluation” of the naira we are really not smiling. The direct impact being that prices of goods and services have increased significantly depending on the item in question.

On a daily basis, small businesses are shut down because of their inability to restock as suppliers have hiked up prices. Medium to large businesses struggle daily to stay afloat, likewise a lot of popular names have been forced out of business as a result of poor performance.  Consumers - ultimately everyone falls under this category - have cut back on their expenses, buying only what is needed and managing without the wants. Inflation rate is comfortably in double digits. 

The common slogan has become “Buy made in Nigeria, Grow the naira” and I’ve joined voices in chanting this slogan. As much as I agree that not all imported products have their indigenous variants in terms of quality, specifications and all that qualifies them for standardization, we have to find a balance. I personally do a lot of shopping online for myself, family and clients (as an image consultant) but sincerely the conversion rates haven't been in my favour lately, also taking into consideration the recent restrictions on daily/monthly spend from the bank end.

Truth is, we really have to start patronising our own, and this is the reason i've tagged this post the "The search from within". We have gotten quite impressive as I've seen a lot of creativity spring up in this generation, especially in the fashion and style industry. Talents are discovered daily and social media is filled with loads of these designs/creations.To this end, I'll encourage us once more to support our local brands, so we can someday soon as a nation, make the list of "global economy influencers". 

Ps:If you produce anything and you are willing to use this platform to showcase your product, contact me (details on profile).

Enjoy the rest of your week, and remember to keep that image untarnished.