The prayer verse in the Bible , no weapon against me shall prosper ,that prayer should be for Nigeria government, sometimes I think how did they say down and think of some policy , sometimes I wonder the kind committee they put together before making decisions
Did they even Check what they are about to say or do ,did they even consider the citizen before making any decisions ,this questions keep always running on my head
Now Nigeria government freeze bank account of Chaka,bamboo ,Risevest,Trove and many others ,this freeze will remain till Feb 2022
I know you will be wondering who are this ,and how did they affect the country
Chaka
This is Nigeria invest platform ,it secure $1.5m when he get is license from the Nigeria government ,this company was owned by Tosin osibodu
Tosin Osibodu, officially launching the company in 2019. According to Osibodu, Chaka wanted to create opportunities for Nigerians to invest in dollar assets and at the same time allow foreigners to invest in Nigerian assets
But Nigeria government sees this opportunity as a threat to the nation and decide to freeze the account for six months
Bamboo
Bamboo gives unrestricted access to over 3,000 stocks listed on the U.S. stock exchange, right from your mobile phone or computer
This company create income for Nigeria citizen ,it reduces the crime rate in the country ,but now Nigeria government sees it as threat ,am tired of being tired of this government
Also risevest and travo this are all investment platform that give Nigeria citizen to buy stock from us and also other country buy Nigeria stock also
Which create income and also generate revenue for Nigeria government ,this also increase the general standard of living in the country
This are all fintech firms principle own by individual , Nigeria government accuse them of devaluing the price of naira ,they accuse them of using Nigeria naira to purchase us stock so the value of naira is reducing
From what I know if government want to increase the value of its currency,the government need to promote local product, government have to find every means to increase is export
Increasing your export will make other country buy your products ,and before other country can buy product they need to exchange their currency to your own currency ,which will bring more demand for your currency which will increase the price value of your currency
And also it will also generate revenue from export duties and many others ways ,but Nigeria government makes everything hard for the local product , every day there is increment of tax , right now value added tax in Nigeria is 15%, every tools to produce local product is highly cost
Nigerian government will choose to stop investment opportunity and expect growths in the country , instead of our government to create wealth , they are busy creating poverty, my greatest fears is that we still have like 2year before another election
May be one day they will even stop internet in Nigeria ,may the Lord help us all