The economic situation in Nigeria is not news to anyone as it has become a global topic. Nigerians left, right and center have felt the pinch of the economic situation, with even a Special Adviser to the President claiming that he is broke and hungry as well.
Not left out in the quagmire are entertainers. Nigerians with our flair for extravagant parties and lavish events used to create the perfect atmosphere for a thriving entertainment industry, so much so that music was already competing with the traditional secular courses for number of new entrants.
When compared to artistes from other African countries, Nigerian artistes were simply the best paid by far. Live shows, music concerts, nationwide tours, private events, name it. The demand for their services just kept pushing their prices up.
However, the case is no more so. The entertainment industry has also understood the meaning of the term recession. The numbers are dropping everywhere. Number of bookings and performances, number of endorsements, prices paid for shows and so on. Everything is at the nadir.
It has become so bad that these entertainers are now seeking performances at other African nations where they would never have considered in their heyday. According t them the situation is far better in those countries as Nigerians cannot even afford to pay transport fares, not to mention cut a profit for their services.
Performers usually booked for N350,000 and upwards are now being offered between 30,000 and 100,000 Naira. Weddings have now scrapped live performances, with many using a DJ, who sometimes is just a friend. Such are the new depths Nigerian entertainers are getting accustomed to.
Part of this article originally appeared in the Punch Newspapers.
the issue now in Nigeria is “you cannot put down a good man “no rest for a wicked man,he will allows look over his shoulder.thereis two major issues in Nigeria good education and spiritual enrichment or growth.i.e if you are spiritually strong,your spirit will tell what to do.
Some of business executive do meditation or jogging.meditation will help you to create awareness and consciousness,in.this depression or recession it exposes everybody.it is like a Nigerian expression “when the wind blow to a bird at it’s tail,you find there is sh..t at the ar,eend of the bird.
Thereis no escape from any Nigeria,as it will affect consumption.i.e losses for govt revenue and business entity.it’s an domino effect.the ancient Egyptian said disease starts at the heart,when you do exercise,you pump blood into your heart.it will hasten the process of eliminating waste,the kidney process the food chemical in the body and also through your blood vessel or nerve system pump blood all over your blood,after you have your bath,you feels like a baby or a virgin.
Sometime you should overflog any issue especially your personal life,feels freedom and light.there are about 7 parts of the human body that is blocked spiritually,you will not be able to express yourself both intellect and spiritually.
Take arik airline,new news reports said they are closing down due to mounting debt,if true they can securitizes their debt, and covert it into shares equity.nigeria bank do universal banking,they can convert their debt,because,the bank may loses their fund if care is not taken
It is not going to be easy,for anybody in Nigeria,IT MAY NOT BE BAD IDEA,FOR THE C.B.N TO HIT THE BANKS HARD,they are making easy money.as there is a lot of work to be done in Nigeria,they do not an icredit analysis.
One of the best university in Europe was Edinburgh not oxford or Cambridge for 200 yrs.it hink undergraduate are thought natural philosophy and moral sentiment Charles Darwin and adam smith at one poit did studied there this curriculum branched into biology and economics,e.t.c
One of the best Management Guru was Mr Drunkers, a jewish Austria who migrated first to Britain and later to America.i have not seen anything in management guru,since himor except the other two indian ecomonist or the india professor in masters in business administration in London,both of them are good original thinker,the indian economist,who was awarded a nobel prize in economics
Also we can in recent years,two Insead professors called Chan kim and Rene mauborge,they formulated this business strategic plan called Opem Ocean Strategy.you pursues differentiation,low cost,open new market space and create new demand.
Take blackberry,the first mobile phone owner to pushed the technology called touchscreen,they failed to innovate further and capitalizes on their product,their sharesprices have not reained their previous shares prices.