5 TIPS ON HOW TO SURVIVE RECESSION IN NIGERIA. 


The economic policy in Nigeria falls down to that of good and the bad side in which government officials view spending of government fund in the way kids like buying junks doing shopping, as a natural force – eventually you’ll have a force which acts as a number nine Striker for reckless spending {i.e. recession}. The way through that as argued by critics is to batten down the hatches, make savings wherever you can and come through the other side ready for recovery.

Although the Minister for finance stated that “Economic Recession” is just a word but to the citizens it is not, prices of goods are rising like smoke in the atmosphere and everyone is shouting, the rich are not spared out of the present hardship it’s bringing to them. 

The president through his speech to Nigerians which has generated so much criticism of plagiarism in the media circle for the past 72 hours also said that “We must resist the temptation to fall back on the same partisanship, pettiness, and immaturity that have poisoned our country for so long. Let us summon a new spirit of responsibility, spirit of service, of patriotism and sacrifice, let us all resolve to pitch in and work hard and look after, not only ourselves but one another, What the current problem has taught us is that we cannot have a thriving army of rent seekers and vested interests, while the majority suffers.

From this speech, it’s tough enough to be an effective manager when the economy is strong. But making the right decisions, keeping focused, and maintaining minimum expenses and levels may seem next to impossible when you’re managing through an economic crisis. limiting our personal expenses makes us understand the difference between wants and needs. Get what you need and not just what you want. 

Here are some ideas for keeping yourself and family afloat.
1. Avoid ‘Aso Ebi’ syndrome – this is another traditional way of engulfing money from citizens, where 2 to 3 people brings the so-called Aso Ebi at the rate of 2,500 each in a month, It becomes waste of money and if it’s a compulsory occasion wear what you have to parties or if you think you would feel ashamed, just think of the fact that it is only for hours.

2. Look for bonuses/discounts – eg Supermart.ng offers bonuses and discounts to their esteemed customers. Shop on our website http://www.supermart.ng and get N2,000 discount by using the coupon code “KASALI”.

3. Look for the alternative source of income – Sell something, make beads, plait hair, make clothes, sew, start tutoring. Just look for a legit thing you can do. Do online marketing eg you can make as much as N50,000 monthly by referring customers to shop on Supermart.ng with your coupon code. Register here http://www.supermart.ng now and start making money.

4. Buy in bulk – If possible, avoid buying singularly (if there is any English like that) buy the pack, don’t buy one Maggi, buy the pack. It saves money. Supermart.ng has a product category on the website called Mega Deals. Visit our website http://www.supermart.ng, go to the Mega Deals category and purchase items you need in bulk.

5. If possible, go through public transport – Use the BRT often instead of going with your car or commercial buses.

The great Mahatma Gandhi of India. He said and I quote: “The things that will destroy us are : politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice”. This quotation becomes necessary when we consider the present global economic situation where greed has now become the order of the day.

The world and Nigerian economy have failed us, our leaders need to rededicate themselves to the supreme God ,The era of responsibility is  now dawn on us, let us all rise up to these challenges for a better world.

“If we fail to help ourselves Nobody will”

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About Rotary Making a difference

Blogger, Farmer, Motivational Speaker, Development Analyst, Mentor/Life Coach, Business Consultant, Coporate Trainer, Outsourcing, Writer, Career Profiling, Service brochure.
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