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The Driot Media, Inc and The Driot Media에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 The Driot Media, Inc and The Driot Media 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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#75 - Suffering, But Not Smiling Anymore

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Manage episode 406765694 series 3125702
The Driot Media, Inc and The Driot Media에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 The Driot Media, Inc and The Driot Media 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

We dive into the heart of Nigeria's economic woes. Hosts Okey Ndibe and Emeka Onyeagwa as they dissect the critical state of affairs in "Suffering, But Not Smiling Anymore." This episode uncovers the grim reality of living through Nigeria's economic crisis, from skyrocketing prices and the Naira's devaluation to the challenges facing the middle class and the unreliability of power supply. The discussion also ventures into the realm of cryptocurrency, examining the government's stance, the impact of regulatory fines on Binance, and the broader implications for Nigeria's economy and the value of the Naira. With insight into the scarcity of foreign currency, rising living costs, and the psychological impact on Nigerian society's aspirations for luxury and prestige, this episode is a critical examination of the need for effective leadership and a call to action for sustainable economic reform.

--------------

Chapters:

  • 00:00 - Introduction

  • 00:59 - Dire Economic Situation in Nigeria

  • 04:11 - Global Economic Crisis

  • 06:33 - Economic Challenges in Nigeria

  • 09:26 - Government's Lack of Solutions

  • 10:24 - Devaluation of the Naira

  • 11:51 - Impact on Daily Meals

  • 13:35 - Financial Struggles of Middle Class

  • 16:03 - Rising Prices of Goods

  • 19:24 - Minimum Wage and Inflation

  • 20:20 - Fitful Power Supply

  • 21:49 - Government's Blame on Cryptocurrency

  • 27:51 - Misunderstanding of Cryptocurrency

  • 34:48 - Regulatory Fines and Binance's Operations

  • 36:02 - Regulators in the US and New York

  • 37:02 - Cryptocurrency Functionality and Coin Offerings

  • 38:00 - Crypto as a Solution and Traditional Banking

  • 39:00 - Government Control and Threats to Traditional Systems

  • 40:22 - Government Actions Against Binance

  • 41:04 - Crypto as Securities and Legal Authority

  • 42:28 - Dark Web and Crypto Reputation

  • 43:20 - Bitcoin and Deflationary Cryptos

  • 46:04 - Crypto as Stock or Security

  • 47:11 - Binance and Crypto in Nigeria

  • 48:28 - Binance Allegations and Crypto Exchange

  • 50:49 - Crypto Exchange and Peer-to-Peer Trading

  • 53:16 - Value Determination and Market Sets

  • 55:12 - Naira Value and Binance's Influence

  • 56:14 - Printing Money and Inflation

  • 57:31 - The Scarcity of Foreign Currency

  • 58:28 - Impact on Nigerians Living Abroad

  • 59:25 - Loss of Value of Naira

  • 01:00:22 - Comparison of Prices in Nigeria and America

  • 01:01:59 - Nutritional Value of Nigerian Meals

  • 01:04:08 - The Cost of Burial vs. Feeding a Family

  • 01:05:03 - Surviving on Low Incomes

  • 01:06:34 - Living as Beggars

  • 01:07:20 - Managing on Low Incomes

  • 01:09:01 - The Role of Leadership

  • 01:10:25 - The Value of Currency

  • 01:11:19 - Buhari Administration's Financial Policies

  • 01:13:22 - The Importance of Supply and Demand

  • 01:15:07 - Nigeria's Geographical Challenges

  • 01:16:33 - Questionable Legitimacy of Leaders

  • 01:17:39 - The Flawed Election Process

  • 01:19:15 - Improving the Nigerian Economy

  • 01:21:26 - The Nigerian Psyche

  • 01:22:25 - Desire for Luxury and Prestige

  • 01:23:00 - Closing Remarks

Stay Connected:

  • Follow "The Offside Musings Podcast" on Substack for insightful articles accompanying our episodes: offsidemusings.substack.com

  • Listen to all episodes of "The Offside Musings Podcast" on your favorite podcast platforms.

Social Media:

  • YouTube: The Offside Musings Podcast

  • Facebook: TheoffsideMusingsPodcast

  • Instagram: @the_offside_musings

  • Twitter: @MusingsOffside

  • TikTok: @Theoffsidemusingspodcast

  continue reading

81 에피소드

Artwork
icon공유
 
Manage episode 406765694 series 3125702
The Driot Media, Inc and The Driot Media에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 The Driot Media, Inc and The Driot Media 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

We dive into the heart of Nigeria's economic woes. Hosts Okey Ndibe and Emeka Onyeagwa as they dissect the critical state of affairs in "Suffering, But Not Smiling Anymore." This episode uncovers the grim reality of living through Nigeria's economic crisis, from skyrocketing prices and the Naira's devaluation to the challenges facing the middle class and the unreliability of power supply. The discussion also ventures into the realm of cryptocurrency, examining the government's stance, the impact of regulatory fines on Binance, and the broader implications for Nigeria's economy and the value of the Naira. With insight into the scarcity of foreign currency, rising living costs, and the psychological impact on Nigerian society's aspirations for luxury and prestige, this episode is a critical examination of the need for effective leadership and a call to action for sustainable economic reform.

--------------

Chapters:

  • 00:00 - Introduction

  • 00:59 - Dire Economic Situation in Nigeria

  • 04:11 - Global Economic Crisis

  • 06:33 - Economic Challenges in Nigeria

  • 09:26 - Government's Lack of Solutions

  • 10:24 - Devaluation of the Naira

  • 11:51 - Impact on Daily Meals

  • 13:35 - Financial Struggles of Middle Class

  • 16:03 - Rising Prices of Goods

  • 19:24 - Minimum Wage and Inflation

  • 20:20 - Fitful Power Supply

  • 21:49 - Government's Blame on Cryptocurrency

  • 27:51 - Misunderstanding of Cryptocurrency

  • 34:48 - Regulatory Fines and Binance's Operations

  • 36:02 - Regulators in the US and New York

  • 37:02 - Cryptocurrency Functionality and Coin Offerings

  • 38:00 - Crypto as a Solution and Traditional Banking

  • 39:00 - Government Control and Threats to Traditional Systems

  • 40:22 - Government Actions Against Binance

  • 41:04 - Crypto as Securities and Legal Authority

  • 42:28 - Dark Web and Crypto Reputation

  • 43:20 - Bitcoin and Deflationary Cryptos

  • 46:04 - Crypto as Stock or Security

  • 47:11 - Binance and Crypto in Nigeria

  • 48:28 - Binance Allegations and Crypto Exchange

  • 50:49 - Crypto Exchange and Peer-to-Peer Trading

  • 53:16 - Value Determination and Market Sets

  • 55:12 - Naira Value and Binance's Influence

  • 56:14 - Printing Money and Inflation

  • 57:31 - The Scarcity of Foreign Currency

  • 58:28 - Impact on Nigerians Living Abroad

  • 59:25 - Loss of Value of Naira

  • 01:00:22 - Comparison of Prices in Nigeria and America

  • 01:01:59 - Nutritional Value of Nigerian Meals

  • 01:04:08 - The Cost of Burial vs. Feeding a Family

  • 01:05:03 - Surviving on Low Incomes

  • 01:06:34 - Living as Beggars

  • 01:07:20 - Managing on Low Incomes

  • 01:09:01 - The Role of Leadership

  • 01:10:25 - The Value of Currency

  • 01:11:19 - Buhari Administration's Financial Policies

  • 01:13:22 - The Importance of Supply and Demand

  • 01:15:07 - Nigeria's Geographical Challenges

  • 01:16:33 - Questionable Legitimacy of Leaders

  • 01:17:39 - The Flawed Election Process

  • 01:19:15 - Improving the Nigerian Economy

  • 01:21:26 - The Nigerian Psyche

  • 01:22:25 - Desire for Luxury and Prestige

  • 01:23:00 - Closing Remarks

Stay Connected:

  • Follow "The Offside Musings Podcast" on Substack for insightful articles accompanying our episodes: offsidemusings.substack.com

  • Listen to all episodes of "The Offside Musings Podcast" on your favorite podcast platforms.

Social Media:

  • YouTube: The Offside Musings Podcast

  • Facebook: TheoffsideMusingsPodcast

  • Instagram: @the_offside_musings

  • Twitter: @MusingsOffside

  • TikTok: @Theoffsidemusingspodcast

  continue reading

81 에피소드

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