Thank you Dr. Ola. As an undergrad Medical student in Nigeria, with a dream to contribute to building sustainable funding for healthcare investments in the future, I find your work very inspiring. Thanks so much
Raising money to tackle interest rates only works in an economy where prices are rising due to an overabundance of cash relative to goods available. Nigerians don't have an abundance of cash. They have a relative scarcity of goods. Unlike the UK where inflation was being driven largely by wages, Nigeria's inflation was largely driven by food prices. So while an average worker in London might choose to invest his wage increase rather than buy a new car, Nigerians are not going to eat less because Stanbic is offering 20% interest on fixed deposit. Raising interest rates does nothing to help farmers in the North & Middle-Belt who are afraid of BH and the like. It's not going to protect the food being transported across the country by road from bandits. Neither does it do anything to protect food importers from unpredictable exchange rates and import duties. As you've pointed out, the solution can only be structural.
Hello Dr. Ola, I find your analysis insightful, and believe if we collectively take our country's economy this seriously, there would be great potentials. I feel your persuasion in your presentation.
I wasn't sure I was going to be able to sit through a 49 minutes video, but well worth my time. This is really good video explaining the current economic structure and outlook in Nigeria for 2025 and into the foreseeable future. Thank you Dr. Ola
Thank you very much for taking the time to share this detailed analysis here, appreciate this greatly, you have gained a follower. With thirty years plus experience working with these top sectors, I say well done and great work. while viewing the comments, I know there is a lot about our story that your report points towards. Indeed, this is a great time to see and embrace the potential Nigeria and Africa offer and will serve to the world. We look forward to changing the narrative and working for positive change. We can. Well done,,👏👏👏👏💌💌
Go the Asian way, make your non-oil industries export and earn high value dollars. Already Nigeria's oil sector is it's weakest link just awaiting the next oil crash for the Naira to somersault again. The only cushion against this is export led industrialisation not import substitution policy.
At least 2 US senators (from both parties) and one mayor had corruption charges levied against them in 2024. What the US has is significant soft power.
@@testingoyay4648 Mostly brainwashing at a global scale. Also supported by the government putting their money where their mouth is by backing their talk with military action. But again there are lots of other smaller things. Like Hollywood. The US has successfully sold a picture of themselves and it's difficult for people to shake it off even when we watch them exhibit "3rd world behaviour" like electoral violence and ballot burning. They are not the first to do this either. The UK did it for centuries till they started to drink their own Kool-Aid (a la Brexit). The important thing to note is that, all countries, every single country on earth has good people and corrupt people, they have good leaders and corrupt politicians. Nigeria is not unique in any way. We only need to learn from others and stop self-sabotaging.
The only reason our banks might be considered undercapitalized is the currency devaluation we've experienced in the last 10 years. Nigerian banks are still some of the most stable banks in the world. At least the FUGAZE.
I wasn't really surprised by your recommendation for doubling down on both offshore and onshore drilling. I was only taken aback by your obvious snub of the agricultural sector. Doubling down on investments in the Nigerian food system is both expedient for the short and long term.. The priority on agribusiness and food system by the current government hasn't been the best so far...
If Foreign Direct Investment was an instrument to improve governance... the conversation regarding corruption in Nigeria would cease to exist (2019 Nigeria FDI was approximately 2.9 billion (USD)). Corruption in Nigeria is a cultural phenomenon.
We, All of you and I are responsible for making dollars and not the Central Bank. So, what are you exporting and what (imported goods) have you stopped consuming?
Left america .O risky, i bet my career on the nigerian solid mineral industry (Sand ) they all think im crazy.😢 lithium mining on radar... thanks for showing me im not alone.👍
@@frederickehiagwina5554 I totally agree. I'm just being optimistic about maintaining the recent trajectory. we are about the max number of barrels per day in the last month. we will likely hit the limit at the rate we are going. and trust me we'll still need a lot more if we are serious about changing things
Our refinery's have been dormant for decades, billions spent on them over multiple administrations. Dangote launches his refinery then all of a sudden other refinery's start working.
Drill baby drill, but what about the environmental consequences to locals? How do you take into consideration the economic impact of climate change, and pollution? Wouldn't there be a downstream healthcare burden on indigenes? Also Exodus of other industries such as fishery? What about agriculture? We can supplant Ukraine as the breadbasket of the world
You did. I guess what I was trying to ask is the cost. It's one thing to project the revenue potential of drilling, but to get a clear picture of ROI, what is the human Capital implications on a weak healthcare infrastructure, loss of life due to pollution and increased cancer risk, and the loss of agriculture potential and income. I think those details would be important to consider, to really justify the ROI on drilling. Great job and articulation of the opportunities.
@@bsobit1 I think the answer to your question is to consider the cost of NOT drilling today i.e. poverty TODAY and underdevelopment TODAY vs the cost of drilling to the future. Na person wey chop belleful today fit plan for tomorrow. Like the good doctor said, unless someone is proposing an alternative revenue source for the country, we need to use what we have TODAY to help us survive till tomorrow.
@MoneyGist na so. But given the long term outlook, presuming 100 year planning, which most industrialized countries have evolved into, do we sacrifice the long term for the short term? We can't plan on stomach infrastructure. The doctor presented very well and I understand her perspective. The only question I have is the local impact and the dollar value of said impact. As developed countries consider imposing carbon tax penalties to reduce CO2 emissions. How will productivity be impacted with increased cancer and respiratory maladies which are being increasingly seen in those regions with poor environmental controls and open gas flaring. Just some thoughts to build upon ni mon so o!
1. Petrol cost for traveling from the mainland - Ikoyi HAS NEVER been cheaper than the cost of lunch for the average Nigerian on the street, it could be cheaper for you but not for the average Nigerian/ Lagosian ….let’s use facts and data for the general public not personal
Thank you Dr. Ola. As an undergrad Medical student in Nigeria, with a dream to contribute to building sustainable funding for healthcare investments in the future, I find your work very inspiring. Thanks so much
You are welcome
We need you in the Ministry of Finance ma; I believe you'd do a great job. Thank you for the Outlook.🤝
nice presentation. security, education and FDI what we need the most now
Raising money to tackle interest rates only works in an economy where prices are rising due to an overabundance of cash relative to goods available. Nigerians don't have an abundance of cash. They have a relative scarcity of goods. Unlike the UK where inflation was being driven largely by wages, Nigeria's inflation was largely driven by food prices.
So while an average worker in London might choose to invest his wage increase rather than buy a new car, Nigerians are not going to eat less because Stanbic is offering 20% interest on fixed deposit.
Raising interest rates does nothing to help farmers in the North & Middle-Belt who are afraid of BH and the like. It's not going to protect the food being transported across the country by road from bandits. Neither does it do anything to protect food importers from unpredictable exchange rates and import duties.
As you've pointed out, the solution can only be structural.
Thank you, Dr. Ola, can I get the Slides, please?
This is so educative,I just started learning about economics and I'm glad I found this video. Thank you so much
Glad it was helpful!
You are welcome
Thank you for this👏
You're so welcome!
I was expecting the views to be in millions... Anyway I appreciate you greatly for this!!!❤
Hello Dr. Ola,
I find your analysis insightful, and believe if we collectively take our country's economy this seriously, there would be great potentials. I feel your persuasion in your presentation.
Incredbly detailed and succint analysis, Dr. Brown. Can you be so kind as to share the slides to this presentation (if that's fine)? Thank you
Thanks for your kind words.
Good presentation and research.
Treat personal investment for a low-income earner in Nigeria
Thank you very much!!! Great watch! It's certainly shaping up to being a very eventful year!
Couldn't agree more!
Yayy🎉 we finally got one
I wasn't sure I was going to be able to sit through a 49 minutes video, but well worth my time. This is really good video explaining the current economic structure and outlook in Nigeria for 2025 and into the foreseeable future. Thank you Dr. Ola
Glad you enjoyed it!
😊😊😊😊
Thank you, for your channel. 2025 is the year I am moving back home to Lagos after 25 years abroad, so glad TH-cam suggested your channel to me...
Great glad you liked it
Thank you very much for taking the time to share this detailed analysis here, appreciate this greatly, you have gained a follower. With thirty years plus experience working with these top sectors, I say well done and great work. while viewing the comments, I know there is a lot about our story that your report points towards. Indeed, this is a great time to see and embrace the potential Nigeria and Africa offer and will serve to the world. We look forward to changing the narrative and working for positive change. We can. Well done,,👏👏👏👏💌💌
Thanks for your kind words
Go the Asian way, make your non-oil industries export and earn high value dollars.
Already Nigeria's oil sector is it's weakest link just awaiting the next oil crash for the Naira to somersault again.
The only cushion against this is export led industrialisation not import substitution policy.
Thank you Dr. Ola Brown for this.
nice presentattion
Thanks a lot
I will definitely go check the other video
agri, energy sectors are very important for the economy and for the countries sovereignty.
Profound points on America's "corruption" - didn't stop investments from Europe. Next level thinking...
At least 2 US senators (from both parties) and one mayor had corruption charges levied against them in 2024.
What the US has is significant soft power.
Indeed
@@MoneyGist and where does that softpower come from?
@@testingoyay4648 Mostly brainwashing at a global scale. Also supported by the government putting their money where their mouth is by backing their talk with military action.
But again there are lots of other smaller things. Like Hollywood. The US has successfully sold a picture of themselves and it's difficult for people to shake it off even when we watch them exhibit "3rd world behaviour" like electoral violence and ballot burning.
They are not the first to do this either. The UK did it for centuries till they started to drink their own Kool-Aid (a la Brexit).
The important thing to note is that, all countries, every single country on earth has good people and corrupt people, they have good leaders and corrupt politicians.
Nigeria is not unique in any way. We only need to learn from others and stop self-sabotaging.
Thanks Dr.Brown , this is great and good for Nigeria biz.
You are welcome
Thank you Comr. Dr. Ọla Brown!
Thank you
The only reason our banks might be considered undercapitalized is the currency devaluation we've experienced in the last 10 years. Nigerian banks are still some of the most stable banks in the world.
At least the FUGAZE.
I wasn't really surprised by your recommendation for doubling down on both offshore and onshore drilling. I was only taken aback by your obvious snub of the agricultural sector. Doubling down on investments in the Nigerian food system is both expedient for the short and long term.. The priority on agribusiness and food system by the current government hasn't been the best so far...
It was one of my recommendations
LOVE LOVE WATCHING YOUR CONTENT, YO ARE AN AMAZING TEACHER. PLEASE MORE IN 2025
Will try
Thank you, Dr. Brown. This was truly insightful and on the bright side of things. You make economics interesting to learn.
Glad you enjoyed it!
Great
Thanks
Well done Dr.
Thank you 😊
If Foreign Direct Investment was an instrument to improve governance... the conversation regarding corruption in Nigeria would cease to exist (2019 Nigeria FDI was approximately 2.9 billion (USD)).
Corruption in Nigeria is a cultural phenomenon.
More info here: medium.com/@drola/investment-as-a-catalyst-for-governance-reform-lessons-from-history-and-implications-for-africa-307818f3c053
Its another one 👏
Nice work and very informative. I noticed non acknowledgement of NBS (National Bureau of Statistics) though GDP and Inflation numbers are from NBS
Good point!
Thank you for the insights comrade.
You are welcome 😊 🙏
Thank you for the analysis. Well done.
Glad you liked it!
We, All of you and I are responsible for making dollars and not the Central Bank.
So, what are you exporting and what (imported goods) have you stopped consuming?
It's not usually so cut and dry as you make it seem
Tagging self...
Advising Nigeria to embrace open relationships is not what i thought I'll hear in this vid😅
😂
You seem to have not factored in the mushrooming of related industries and multiplier effects.
How does one get access to this powerpoint? Willingly to pay
Will link it in a bit
Left america .O risky, i bet my career on the nigerian solid mineral industry (Sand ) they all think im crazy.😢 lithium mining on radar... thanks for showing me im not alone.👍
Well said
Dr. I think we need to renegotiate our opec deal.
And I agree with being more open with our relationship.
Are we meeting our current OPEC quota? No. We can logically ask for bigger quota when we consistory meet our present quota.
@@frederickehiagwina5554 I totally agree. I'm just being optimistic about maintaining the recent trajectory. we are about the max number of barrels per day in the last month. we will likely hit the limit at the rate we are going. and trust me we'll still need a lot more if we are serious about changing things
@@frederickehiagwina5554 Thank you. You're spot on.
Please, how do i get a hand on your book, fiance and banking in emerging markets
It's a free download
Our refinery's have been dormant for decades, billions spent on them over multiple administrations. Dangote launches his refinery then all of a sudden other refinery's start working.
😊
so Nigeria should try to do i belong to nobody and everybody diplomatically?
Certificate forgery and other indictments nor go gree us😢
It's the way to go. That's how the US (and the West in general) operates.
Drill baby drill, but what about the environmental consequences to locals? How do you take into consideration the economic impact of climate change, and pollution? Wouldn't there be a downstream healthcare burden on indigenes? Also Exodus of other industries such as fishery? What about agriculture? We can supplant Ukraine as the breadbasket of the world
I think I addressed all of those issues in the video especially climate change and its link to insecurity.
You did. I guess what I was trying to ask is the cost. It's one thing to project the revenue potential of drilling, but to get a clear picture of ROI, what is the human Capital implications on a weak healthcare infrastructure, loss of life due to pollution and increased cancer risk, and the loss of agriculture potential and income. I think those details would be important to consider, to really justify the ROI on drilling.
Great job and articulation of the opportunities.
@@bsobit1 I think the answer to your question is to consider the cost of NOT drilling today i.e. poverty TODAY and underdevelopment TODAY vs the cost of drilling to the future.
Na person wey chop belleful today fit plan for tomorrow. Like the good doctor said, unless someone is proposing an alternative revenue source for the country, we need to use what we have TODAY to help us survive till tomorrow.
@MoneyGist na so. But given the long term outlook, presuming 100 year planning, which most industrialized countries have evolved into, do we sacrifice the long term for the short term? We can't plan on stomach infrastructure.
The doctor presented very well and I understand her perspective. The only question I have is the local impact and the dollar value of said impact. As developed countries consider imposing carbon tax penalties to reduce CO2 emissions. How will productivity be impacted with increased cancer and respiratory maladies which are being increasingly seen in those regions with poor environmental controls and open gas flaring.
Just some thoughts to build upon ni mon so o!
@@MoneyGist"Na person wey chop belle full " love it 😂😊
1. Petrol cost for traveling from the mainland - Ikoyi HAS NEVER been cheaper than the cost of lunch for the average Nigerian on the street, it could be cheaper for you but not for the average Nigerian/ Lagosian ….let’s use facts and data for the general public not personal
It was a personal anecdote. From my introduction at the beginning of my presentation I didn't position myself as an "average Nigerian"