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$1m was $1m a month ago. So if you held $1m, You still have $1m. In Naira $1m was ~N360m last month. Today its ~N410m. That folks is devaluation at work. So if you were holding Naira assets (like me who has a pension). It just lost ~14% of its value. tradezilla.ai
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JasonNjoku
@JasonNjoku
In 2014 I bought a piece of undeveloped land for N1.3m (at the time N166/$). In Dec 2019 I sold the same piece of land for N1.8m. ~50% ROI sounds great right? Wrong. 100% wrong. N360/$ (its now ~420/$). In $ terms I bought for $7.83k and sold for $5k. I lost -$2.83k.
Now x100 to understand the real impact of my land deal. When people talk about Naira billionaires I always 🙃🤣. N1B in 2014 = $6m. Same N1B today = $2.38m & falling. So much of Nigerians inflow is linked to remittances. So many people poured money in Nigeria for investment
Unless you are developing and adding serious value to land in a special and structured way. Man. I dunno. Losing 36.14% in $ whilst the Naira value increased 50% is well. Hard. I'm not an economist. I'm just a humble capitalist. And this 👆🏾is value destruction in plain sight.
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JasonNjoku
@JasonNjoku
With all the 5G brouhaha I wondered whether Nigerians could even afford 5G? To my knowledge we can barely afford 4G. A good Africa data proxy I find is AirtelAfrica. I perused their annual accounts. Data customers = 1,760MB/subs/month generating $2.4 (N960) in ARPU👇🏾
I believe in numbers. The beauty of them. I'm surprised people were even interested in launching 5G in Africa. It is the same $2,000 GDP per capita that would give a positive ROI? See the data behind the trends. Where-ever there is noise there is logic also. 5G isn't our problem
Knowledge is. Join us. As a member you will have weekly access to unique insights on Media, Entertainment, Technology & Gaming in Africa + Access to our Exclusive members only group. to ₦10,000 / year jason.com.ng/subscribe/subs…
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JasonNjoku
@JasonNjoku
My mum has been an @NHSuk healthcare worker for 25 years. 14-16th March she was ill at home with ALL the symptoms of Covid19. Mrs Njoku & I screamed at her to go to the hospital. 17th March my mum went to A&E & was hospitalised. 20-21st March were on verge lungs collapsed as she
battled with Acute respiratory distress syndrome (ARDS). They prepared her for ICU & intubation (Mortality rate is 40%) We cried & we prayed through the entire weekend. 6 people on her ward died. Aged 20s, 40s, 50s and 60s. She is 73 with diabetes. @NHSuk saved her life. 🙌🏾🙌🏾
Even with on 15L of pure Oxygen (The highest option available) she still struggled to breath & was about to be put on a ventilator. That means the machines would take over her breathing. By God's grace on the night of Sunday 21st she started to improve. Yesterday she came home.
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