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The TRUTH about Inflation in Nigeria - Will $1 Dollar = ₦1 Naira Ever? 

Fisayo Fosudo
Подписаться 684 тыс.
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In this video, I talk about Inflation and its effects on the everyday Nigerian's economy and things to do about it. I also dissect and look at things done in order to curb inflation and ask the proverbial question. Can 1 Dollar ever equal 1 Naira? #FinanceFriday #Inflation #Nigeria
CONTENT:
0:00 - Intro
2:17 - What is Inflation?
3:33 - What causes Inflation?
5:19 - 3 Kinds of Inflation
6:45 - What is Currency Devaluation?
8:15 - How does Nigeria Earn Foreign Exchange
9:37 - Government Policies
12:20 - Recommendations
LINKS:
How I Earn $500 A Day: • 5 Streams of Income - ... ​
I made $10,000 with these Apps: • I made $10,000 with th... ​
Earn 1,000 Naira with PiggyVest: bit.ly/367Gbzw
Why Nigeria Banned Bitcoin: • REVEALED: Why Nigeria ...
My Bank Account Blocked for Bitcoin (Update): • My Bank Account Got CL...
US Treasury in 1981: bit.ly/32cnicJ
How Nigeria Gets Dollar bit.ly/39XuAoI
The camera I used to film this: amzn.to/3tjQj1A
Microphone I used: amzn.to/3leG6Rd
Other Microphone I used: amzn.to/3rNmYMz
Music I use (BEST for RU-vid) from Musicbed:
Start Here: share.mscbd.fm/fisayofosudo
If you see this, comment #FodaAdu​​​
Do Like, Subscribe and Share this video! You can also:
Follow me on INSTAGRAM - / fisayofosudo
Follow me on TWITTER - / fosudo
Follow me on FACEBOOK - / fosudo

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25 июл 2024

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Комментарии : 829   
@FisayoFosudo
@FisayoFosudo 3 года назад
What is your favourite way to invest your Naira? Reply below, 👇 let's chat!
@Alaminjos
@Alaminjos 3 года назад
Just buy Suya
@Marvelioue
@Marvelioue 3 года назад
Buy land
@FisayoFosudo
@FisayoFosudo 3 года назад
@@Alaminjos 😂
@salaudeensulaimon1119
@salaudeensulaimon1119 3 года назад
Crypto currency
@ab_dalwa
@ab_dalwa 3 года назад
I want to go back to the olden days
@Dr.afolabiorekoya
@Dr.afolabiorekoya 3 года назад
I’m glad someone is finally teaching Financial literacy to Young Nigerians on RU-vid. RU-vid shouldn’t be about comedy skit alone. Keep Up the good work Bro.
@ugoojunior9469
@ugoojunior9469 3 года назад
Lol.. I love this write up.. Believe me, Nigerian youths, I included, have started learning how to make money in the internet. For me, since I found out about AI marketing, my heart has settled down.. Good luck to everyone here!
@useyourbrainorlooseit8824
@useyourbrainorlooseit8824 3 года назад
@@ugoojunior9469 pls tell me more about AI marketing. Thanks
@ZaharaImole
@ZaharaImole 5 месяцев назад
Most definitely
@TechMayor
@TechMayor 3 года назад
An economist speaking 🤲🏽 feels like a Skillshare course
@ENIIPAUL
@ENIIPAUL 3 года назад
Yunno💃🏽💃🏽
@JoelSam
@JoelSam 3 года назад
I remember when the Ghanaian cedi was 1 cedi to 1 dollar. Now it’s almost 6 cedis for a dollar. I believe if African countries reduce dependence on imports and export more, it’ll reduce their demand for the dollar and improve exchange rates.
@MajorrBison
@MajorrBison 3 года назад
At least cedis went from bad to good and if care is not taking it will be back to bad again.
@dw9944
@dw9944 3 года назад
And it's going down 1dollar : 5cedi. Meanwhile ours is climbing
@FOhlookajew
@FOhlookajew 2 года назад
There’s not a lot of manufacturing done in countries like Ghana or Nigeria. What will they export?? It’s sad, but it’s reality.
@ZaharaImole
@ZaharaImole 5 месяцев назад
Well it's better then Nigeria if it becomes like Nigeria imma love it to thank the most high we get paid in dollars sister
@mercerdes
@mercerdes 3 года назад
This lad just broke down complex economic concepts in a way that is engaging and insightful. Hats off to you bruv
@justinanelson9856
@justinanelson9856 3 года назад
Complex?😳
@oduemmanuel7178
@oduemmanuel7178 Год назад
hi nice to meet my name sake
@Olufemii
@Olufemii 3 года назад
This was a great video man
@victoribironke4527
@victoribironke4527 3 года назад
This is literally my economics class all over again...lol
@FisayoFosudo
@FisayoFosudo 3 года назад
It felt like that for me too 😩😅
@Gerry1738
@Gerry1738 3 года назад
But sweeter
@CaptainJeoy
@CaptainJeoy 3 года назад
@@FisayoFosudo But better, more intriguing and realistic! Welldone man
@MiDaYiFT
@MiDaYiFT 3 года назад
Bruh fisayo is unstoppable at this point...I'm enjoying these😭😭😭😭💙💙💙💙💙🤔🔥🔥🔥
@FisayoFosudo
@FisayoFosudo 3 года назад
Thank you 🙌🏾🙌🏾
@theganiiyat
@theganiiyat 3 года назад
Same here 😁
@femi1519
@femi1519 3 года назад
He has been fantastic
@Isaac-gq7eg
@Isaac-gq7eg 3 года назад
Them emojis tho XD
@tommy5480
@tommy5480 3 года назад
Its really funny how this video showed up just before I have an exam about inflation ,😅😅😅 Thanks
@ReeceMarshallPersonal
@ReeceMarshallPersonal 3 года назад
Nigerians are here making a good name for themselves ♥️ 🇳🇬
@seunnn9382
@seunnn9382 3 года назад
I totally agree with naira to dollars can never be equal for now until we can start producing and become a great country of innovation supported by the government. if that doesn't happen it's going to be catastrophic for naira
@giftmonarchmoses1619
@giftmonarchmoses1619 3 года назад
The nepa aspect as been killer of many dreams. That one alone they weak person spirit. Thank you fisayo for this content
@ugoojunior9469
@ugoojunior9469 3 года назад
Hahaha.. NEPA no fit affect Artificial Intelligence marketing... I'm glad I found out about it.. Lol
@onagite
@onagite 3 года назад
I like your finance Friday videos
@FisayoFosudo
@FisayoFosudo 3 года назад
Thank you 🙏🏾
@hamidoyempemi27
@hamidoyempemi27 3 года назад
Greatly Insightful. The NEPA part cracked me up loudly in the middle of the night
@FisayoFosudo
@FisayoFosudo 3 года назад
😅 Thank you
@iamtee6844
@iamtee6844 3 года назад
Firstly, your content is very lucid. I like the time stamps. I like your simple explanations and comparisons. Keep it up.
@tokunboakinsara7915
@tokunboakinsara7915 2 месяца назад
Good way to use youtube. Thanks for portraying us in good light
@danielemechete6448
@danielemechete6448 3 года назад
Fisayo is good abeg! 🔥🔥
@FisayoFosudo
@FisayoFosudo 3 года назад
Thank you 🙏🏾
@oduemmanuel7178
@oduemmanuel7178 Год назад
Thank you for this video....i have gotten some ideas here for my thesis
@chigozieobadiegwu7500
@chigozieobadiegwu7500 3 года назад
Keep doing what you do, you are highly appreciated
@adedoyinolalemi4827
@adedoyinolalemi4827 3 года назад
This really helped me alot, thanks Fisayo. More grease to your elbow
@belloomotayo5227
@belloomotayo5227 3 года назад
I haven't watched more than 3 minutes...I'm wowed by this already..Mr fisayo... you're doing a great job..💯
@FisayoFosudo
@FisayoFosudo 3 года назад
🙏🏾🙌🏾
@Dosibeluwo
@Dosibeluwo 3 года назад
This is TIMELY and just insightful Good job pls
@omotebiselere
@omotebiselere 3 года назад
Thank you very much for this video. This was on my mind today and I am very happy I came across this video. Thank you for teaching what needs to be learnt 🙏
@shanesharpe1660
@shanesharpe1660 3 года назад
Thank you for the analysis man. As a Non- Nigeria living here it does offer some enlightenment.
@DerekTechReviews
@DerekTechReviews 3 года назад
I absolutely love this video and the whole finance Friday episode. Thank you Sir Fisayo
@FisayoFosudo
@FisayoFosudo 3 года назад
Glad you do. Thank you 🙏🏾
@WilliamNwogbo
@WilliamNwogbo 3 года назад
Thank you @Fisayo, really insightful
@ayobamiokla
@ayobamiokla 3 года назад
Wow... You are a great teacher and strong communicator. You explained with ease and it was well understood... Bravo!!!
@SirAtticus
@SirAtticus 3 года назад
Well done bro, Really enjoyed your content. We need more Nigerians like u. 👊🏾👊🏾👊🏾👊🏾👊🏾
@maurosantos145
@maurosantos145 3 года назад
Good article. Can relate to this. Same issue with the currency and the economy of Angola overall
@jean__fidele
@jean__fidele 3 года назад
I love how you’ve managed to breakdown things I thought were complex into the simplest of forms. The Nepa part was hilarious. Great job Fisayo.
@theanisfamily5022
@theanisfamily5022 3 года назад
The way it's going, 1 million Naira will soon be $500 .
@FisayoFosudo
@FisayoFosudo 3 года назад
😩😩
@Idowugokeposts
@Idowugokeposts 3 года назад
God forbid!
@pee-buddy
@pee-buddy 3 года назад
@@Idowugokeposts He didn't forbid it from $1,5000,000. Why will He forbid it now?
@biyistic
@biyistic 3 года назад
@@pee-buddy well said...naija folks are too religious to face reality. Religion stops them from taking action....99% of Nigerians are living in a delusion that God will come and save them. Continue!
@2allpeaceNlove
@2allpeaceNlove 3 года назад
You read my mind, I was even thinking $100
@okorieemmanuel1891
@okorieemmanuel1891 3 года назад
IM REALLY INTO THISSS
@samsonbelario
@samsonbelario 3 года назад
Always bringing up great contents on finance and tech. Really love your stuffs and look forward to discussing business opportunities with you.
@animationoverload750
@animationoverload750 3 года назад
Fisayo, you are AWESOME! Its always a joy to see young intelligent Nigerians.
@FOhlookajew
@FOhlookajew 2 года назад
Thank you for bringing understanding!
@abutymofya6443
@abutymofya6443 3 года назад
Thanks for this educative video..Zambia is exactly in the same mess..well done brother watching from Zambia..
@thegemini1547
@thegemini1547 3 года назад
Thanks for this video..It was an eye opener
@mogbekeloluwaabayomi4231
@mogbekeloluwaabayomi4231 3 года назад
I really love your videos. Pls keep up the good work.
@AkinAkin
@AkinAkin 3 года назад
I enjoyed this a lot. Thank you. I have learnt so much
@olurotimiwilliams
@olurotimiwilliams 3 года назад
Well done Fisayo, very informative
@cioniponce7349
@cioniponce7349 3 года назад
Very well said.. good explanations
@abdurrazaq8127
@abdurrazaq8127 3 года назад
All I have to say is "Thank you Fisayo". This video has made me a subscriber to your channel. Expecting more from you!
@gabbyangelo2105
@gabbyangelo2105 3 года назад
Great vid really educative and informative 👏. In 2031 hmm by then a million naira mayb about 1,500$
@ojojoshua5974
@ojojoshua5974 3 года назад
Nepa nepa nepa🤣🤣...very Apt analysis..loving this🔥🔥🔥
@somid7777
@somid7777 3 года назад
Just found this channel, wasny aware any Ngian did this type of content! Absoolutely live it
@withAbdullahi
@withAbdullahi 3 года назад
I have never commented on your videos but this gave me no option but to drop something... I Started following your channel when you had less than 2000 subscribers. I am also a new RU-vidr Love tech and Entrepreneurship... keep it up
@otonyebenjack7677
@otonyebenjack7677 3 года назад
Too excited to see this channel. FINALLY someone to educate us on Finances in Nigeria.😩 Well overdue. Thanks RU-vid for the recommendation
@mrikeict
@mrikeict 3 года назад
This is how I want lecturers to be... Nice one 👍
@ritarita1394
@ritarita1394 2 года назад
I am working on my seminar topic and this video will really help! I am sure that I would cite you in my work, thank you Fisayo.
@charlesenebeli9892
@charlesenebeli9892 3 года назад
Amazing content of unmeasurable value. looking forward to next week's content.
@FisayoFosudo
@FisayoFosudo 3 года назад
🙏🏾🙏🏾
@humanityfirst2549
@humanityfirst2549 3 года назад
Greetings from Ghana 🇬🇭. Great video bro! Thumbs up!
@FisayoFosudo
@FisayoFosudo 3 года назад
🙏🏾🙏🏾🙏🏾
@oyewaleafolabi9637
@oyewaleafolabi9637 3 года назад
Bro your videos have very apt. Thanks for sharing. I really appreciate
@FisayoFosudo
@FisayoFosudo 3 года назад
Thank you 🙏🏾
@sammymeful
@sammymeful 3 года назад
Great one...
@attahemmanuel2925
@attahemmanuel2925 2 года назад
This is so amazing keep it Broh
@OyepearlTV
@OyepearlTV 3 года назад
Thanks for sharing this video,it was enlightening.
@MiDaY_i
@MiDaY_i 3 года назад
All the importation ban stuff reminds me of the term "dumping" from economics in sec.school.....the one term in economics i still havent forgotten from back then apart from the law of demand and supply💀
@ajayiayomide3068
@ajayiayomide3068 3 года назад
Very insightful video...🚀🔥
@ummiybello4275
@ummiybello4275 3 года назад
Me after years of watching quality financial content from foreign creators, so so excited about finding this channel
@alfredama
@alfredama 3 года назад
This is really cool man and informative
@jamesezekiel-olufemi1202
@jamesezekiel-olufemi1202 3 года назад
Oh Fisayo, you are a blessing
@doyouknowfrank
@doyouknowfrank 3 года назад
Plot twist: The CBN, SEC and Nigerian government watches Fisayo's Finance Friday videos to know what apps to target next.
@ekenefelix1220
@ekenefelix1220 3 года назад
Na true oh
@femi1519
@femi1519 3 года назад
Lol, quite hilarious but true. I think they must be confused in the roundtable meeting discussing Future if Nigeria with the growing scaring inflation.
@legitrecordkeeper
@legitrecordkeeper 3 года назад
They don't have power over that
@Richard_dale_11
@Richard_dale_11 3 года назад
You have a great weird interesting mind to be able to even think of that
@churchillnwolise481
@churchillnwolise481 2 года назад
Nice job for teaching 👏
@gboyega_adeoya
@gboyega_adeoya 3 года назад
I'll have to watch this 5 times to get all of it.
@trglimited3716
@trglimited3716 3 года назад
Refreshing. Adding value.
@quadrialli3715
@quadrialli3715 3 года назад
Great video !!
@sicklecellwithdr.o
@sicklecellwithdr.o 2 года назад
Great informative video!
@kachie_88
@kachie_88 3 года назад
From tech to finance. fisayo will soon hold a masterclass on finance & business intelligence
@OfficialScamBusters
@OfficialScamBusters 2 года назад
Love the video 🎉🎉
@ihumsIsaac
@ihumsIsaac 3 года назад
This so good!! Been sleeping on this channel. Binge watching this weekend 🙌🏽
@FisayoFosudo
@FisayoFosudo 3 года назад
🙏🏾🙏🏾
@moog6089
@moog6089 3 года назад
Outstanding info, Nigeria needed to practice a complete sustainability on our approach of rectifying these underlying issues that threatens the collapse of the Country due to lack of proper management brought on by our incapable leaders on how to run a Country and lack management and organization skills. These problems are not just in food items, more also households amenities such as air conditioning, fridge, television and so on, in fact all the electrical and mechanical items that are needed in a households in Nigeria are majorly important to be manufactured. Nigeria need to practice a system whereby 99% of food item, 99% of both mechanical and electrical items are produced or manufactured in Nigeria and if possible 0% import is also necessary at least until a balance in our economy is restored. Adopting these measures will push inflation to an extreme minimal, which would eventually boost our currency and in return things would so cheap in Nigeria as a result. In addition electricity and technology is a must, and should be fundamental in other for those measures to implemented. keep up your good work, you're a very intelligent Man and an asset to Nigeria.
@mannyade2890
@mannyade2890 3 года назад
a timely video for me, thank you
@Inspirenation41
@Inspirenation41 3 года назад
You are correct bro, not just Nigeria alone. It's happening here in Liberia 🇱🇷. In 2016 $ 1 Million Liberian dollars LD was equivalent to 11,000 USD. Right now as I write $1 Million Liberian dollars is equivalent to $6,000 USD
@phebekeshinro8656
@phebekeshinro8656 3 года назад
Great and educative video!
@eyka.h
@eyka.h 3 года назад
oh well this was interesting!!! 😯👍
@nelsonnkana3177
@nelsonnkana3177 3 года назад
Your video keeps getting better!
@prsundar9851
@prsundar9851 3 года назад
Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million +1 8 5 7 3 4 2 9 8 7 1 he's strategies are top notch🇫🇯
@igwehphilip6898
@igwehphilip6898 3 года назад
Been resisting liking. Today i nor fit. This guy youre good!
@daramolaayobami6197
@daramolaayobami6197 3 года назад
This is educative..... nice Job
@tersooahire2383
@tersooahire2383 3 года назад
Love your sleek content bro. More wins🙌
@tersooahire2383
@tersooahire2383 3 года назад
@@frankmophie6209 scammer
@anthonyjarvis_aj8881
@anthonyjarvis_aj8881 3 года назад
Very Enlightening and Educating ❤💪
@ayubabashiru8342
@ayubabashiru8342 3 года назад
Very educative
@ugonabodaberechukwu835
@ugonabodaberechukwu835 3 года назад
This helped me understand how the economy runs. Thanks alot
@FisayoFosudo
@FisayoFosudo 3 года назад
Thank you for watching!
@aeadedoyin
@aeadedoyin 3 года назад
Insightful! Now I understand quite a number of things. ps. Who are the 2 unlikes. Weird people.
@femi1519
@femi1519 3 года назад
Lovely and simplified understanding of Nigeria economy. It's just sad how we know the problem and yet no meaningful effort toward providing solutions. Simply fix electricity alot will fall in place. Kudos @Fisayo
@pathwayuk
@pathwayuk 3 года назад
Informative 🤗
@Femibajo
@Femibajo 3 года назад
Lovely video 🔥, it was like being in class.
@prsundar9851
@prsundar9851 3 года назад
Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million +1 8 5 7 3 4 2 9 8 7 1 he's strategies are top notch🇫🇯
@4real4real43
@4real4real43 3 года назад
Great job dude!
@victorbob6873
@victorbob6873 3 года назад
Very insightful!! The short-lived programme of banks giving you 5naira for each dollar you receive from abroad is absolutely correct, I was wondering why, now I know better. Domiciliary accounts are the way to go and I'm looking forward to opening one soonest. New subscriber here☺️🙏🏿
@uodavid
@uodavid 3 года назад
Enlighten indeed
@mobolajiakinola3
@mobolajiakinola3 3 года назад
This is educative
@Marvelioue
@Marvelioue 3 года назад
So much loving this series
@FisayoFosudo
@FisayoFosudo 3 года назад
Glad you like them 🙌🏾
@agbaya5314
@agbaya5314 3 года назад
Love this series
@BUSINESSHUNTERS
@BUSINESSHUNTERS 3 года назад
Fantastic video
@desreeisibor5855
@desreeisibor5855 3 года назад
But this is content Fisayo!!
@FisayoFosudo
@FisayoFosudo 3 года назад
🙌🏾🙌🏾
@adelekejoseph7730
@adelekejoseph7730 3 года назад
Thanks for this free content. Wish they've made it so practical like this for us back then in school as many Nigerians lack financial literacy
@mikolowiskamikolowiska4993
@mikolowiskamikolowiska4993 3 года назад
Econs teacher no get that time if he is to cover the syllabus
@adelekejoseph7730
@adelekejoseph7730 3 года назад
@@mikolowiskamikolowiska4993 All of them dey teach out of frustration cuz how much dem dey collect sef
@R3AD1
@R3AD1 3 года назад
Excellent Video , very informative and entertaining 👌
@prsundar9851
@prsundar9851 3 года назад
Thanks for sharing your comments Make a note to my trusted Trade , James to help you Make million +1 8 5 7 3 4 2 9 8 7 1 he's strategies are top notch🇫🇯
@stranger9216
@stranger9216 3 года назад
Bro, you didn't make mention of the SAP; Structural Adjustment Programme, which constrained Nigeria to deliberately devalue her currency in 1984
@valentinemayaki7126
@valentinemayaki7126 3 года назад
This is a very nice video and very educating. Even if we can get Naira in par with the dollar probably we can become so reliant that we wouldn't need to import any thing from other countries.
@AjayiAy
@AjayiAy 3 года назад
Needed something like this to see things right
@FisayoFosudo
@FisayoFosudo 3 года назад
🙏🏾
@ucheuzor750tv7
@ucheuzor750tv7 3 года назад
Pls I want to invest help me
@Uzzlangified
@Uzzlangified 3 года назад
OMG. Well done my brother! Wow. I am based in the US, and I wanted to see how I could help Nigeria. want to create a company that sources its products from Nigeria and sells it to Nigerians. Your video is very very informative.
@adewala36
@adewala36 3 года назад
Thanks Fisayo
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