You’ve seen everyone talking about sachets this week. From Baileys Delight to Morning Fresh. This thread clarifies the pros and cons of “sachetisation” and identifies opportunities in the sachet economy.

1/14
Why sachets? These sachets are a manifestation of Nigeria’s struggle—from low purchasing power to our credit gap.  83 million Nigerians in informal jobs make only around ₦1400 a day.

2/14
PROS (3)

1)Cash management - Only 6% of the population have access to loans. Without credit, people can only buy goods and services that they can afford *right now*.

3/14
2) Space - Low-income individuals can’t buy bulk items and take them home in the same way that the wealthy do. They just don’t have the space.

4/14
3) Quantity control - it’s how most people manage their consumption through economic difficulties. With sachets, households could now control consumption by giving one sachet of milk to each child, for example.  

5/14
CONS (2)

1)Sachet trap – Buying sachets makes the poor worse off than the rich over time. 

6/14
Imagine a 60 cl bottle for ₦140 and a pack of 12 for ₦1,200. If you buy the individual 60cl bottle 12 times, you will end up paying almost ₦500 more than if you could buy the 12 pack.

7/14
The same is true for buying one sachet of powdered milk daily instead of buying a large tin. But the poor can’t afford it, so they are stuck in a trap where they end up spending more money in the long run than the rich do.

8/14
2)Environment - “If you want to know what is really selling in Nigeria, look in the gutter by the road”.

While this is true, it also points to the large cost to the environment.

9/14
The damage of the sachet economy to society is most likely more extensive than we can measure. Sachet packaging has made better quality products accessible to the poor, but they have also led to more waste

10/14
OPPORTUNITIES (2)

1) “Sachet finance” - Interestingly, we can also use the sachet model as a solution to our credit problems. Financial institutions can create smaller individualised products based on a person’s situation—just like the sachets. 

11/14
2) Recycling – Sachet recyclability is still less common other mainstream packaging. While bottles are usually separated and collected for recycling, sachets have a lower chance of being picked up. Especially when they still have remnants of the original product. 

12/14
Thankfully there is an up and coming recycling industry taking shape in Nigeria. One firm is planning to collect 600 metric tonnes (300 million sachets) from landfill and divert them to recycling. 

13/14
Read the full story for perspective:

14/14
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More from @StearsBusiness

7 Nov
Two.

That’s the number of times Nigeria’s cash cow, @NNPCgroup, has publicly released its financial statements in its entire history.

1/13
It released the 2018 accounts in June and 2019 accounts last month. Twice in 5 months. What a time to be alive.

In this thread we highlight the major profit and loss centres at NNPC and talk about salaries, which attracted some attention last week.

2/13
. @NNPCgroup made a loss of ₦1.7 billion in 2019 despite earning revenues of over ₦4.6 trillion. Of the group’s 21 Strategic Business Units (SBUs), the refineries were the major loss drivers.

3/13
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4 Nov
Over the past week, many have noticed the spike in food prices, and as usual, we’re here to make sense of it.

This thread isn’t just a story about “why food prices are rising”, but it’s also about “ why food prices seem to be rising more than official numbers suggest”

1/24
So why is this the case?

The main thing to note is that inflation rates capture price increase across a wide range of goods across the entire country.

But for context, let’s look into how they are calculated.

2/24
The @nigerianstat calculates food inflation by getting price information about certain food items from over 10,500 informants across the country.

3/24
Read 24 tweets
10 Oct
“Your protest won’t change anything,” they will say.

We say: RESIST ✊🏾
Here are 5 ways protests work
#EndSARS

📸: @Ifebusolaa
1.
Protests are an attempt to force a conversation about the topic. #EndSARSNOW is winning the conversation. This protest has been picked up by @Business @cnni @washingtonpost @AlJazeera_World and more.
2.
Protests work because millions of people are demonstrating the importance of one singular belief to a society. #EndSARSNOW.
Read 6 tweets
10 Oct
More resources to understand #ENDSARS.
Aljazeera’s The Stream discussed why stories of Police Brutality in Nigeria went viral on the 7th of December 2017. 
Click on the link below to watch the segment. #EndSARS
aljazeera.com/program/the-st…
49,381 people have signed a citizengo.org petition created in 2017 urging the Nigerian National Assembly to End SARS and Reform the Police. 
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Read 4 tweets
10 Oct
#ENDSARS is long overdue. Here are the FACTS ✊🏾✊🏾✊🏾
Amnesty international documented 82 cases between January 2017 and May 2020. Detainees in SARS custody have been subjected to hanging, beating, waterboarding, near-asphyxiation with plastic bags, forcing detainees to assume stressful bodily positions and sexual violence. #EndSARS
It’s no surprise that in 2016, Nigeria's police force was ranked as the worst in the world. And the 2017 National Bureau of Statistics corruption survey found that police officers in Nigeria are the most likely of all civil servants to collect and solicit bribes. #EndSARS
Read 7 tweets
9 Oct
Nigerian Constitution:

“Every individual is entitled to respect for the dignity of his person, and accordingly, no person shall be subjected to torture or to inhuman or degrading treatment.” – Section 34 (1) of the constitution. #ENDSARSImmediately
We’re sharing experiences of people who have encountered the brutality of SARS . #ENDSARSImmediately

"I would prefer to be attacked by armed robbers than to encounter SARS officers.” –  Abdul Abdulkareem
“On our way to the police station, the officers kept picking up random people and throwing them into the van. Anyone that asked questions got slapped,” 

#ENDSARSImmediately
Read 5 tweets

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