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Three Ideas for Nigeria As Economy Lost 7.2 million in 2023, 2024

By
Ndubuisi Ekekwe
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0

“Between 2023 and 2024, multinational divestments and business closures led to an estimated N94 trillion economic loss. Additionally, 30% of Nigeria’s 24 million registered MSMEs shut down, underscoring the country’s economic vulnerability,” Dr. Segun Omisakin, Chief Economist and Director of Research at The Nigerian Economic Summit Group (NESG). In other words, 7.2 million businesses closed down between 2023 and 2024 due to the harsh business climate.

That will reset any economy. My position remains that Nigeria needs to deploy massive subsidies in the economy (yes, I am a Keynesian democrat and I like subsidies and stimulations) as without massive subsidies and investments, Nigeria could have a lost decade.  If I am in the Aso Rock right now, among others, I will ask the government to stimulate the economy via these three policies:

  • Commit at least $3 billion to build a deep seaport in the Akwa Ibom area that will connect the seaport all the way to Aba and Onitsha via railway. This must start immediately and that will open economic lives in the region.

  • Deploy purchasing guarantee on processed agro-products to the tune of $5 billion with Maiduguri and Kano declared free agro processing zones. The government will commit to buy from your factory any processed agro produce from any factory engineered for export. This will stimulate agro production while removing briefcase farmers as you have to have the goods before you can get the guarantee.

  • Waive all taxes on profits and gains on venture investments for a decade. This will get many fund managers to station funds in Nigeria. We can attract $50 billion within a decade and Lagos will rule Africa.

https://www.tekedia.com/nigerian-economy-in-crisis-7-2-million-msmes-shut-down-in-2023-2024-nesg/

Nigerian Economy in Crisis: 7.2 Million MSMEs Shut Down in 2023 & 2024 – NESG 

By
Samuel Nwite
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0

The Nigerian Economic Summit Group (NESG) has raised the alarm over the state of the country’s economy, revealing that 30% of Micro, Small, and Medium Enterprises (MSMEs)—amounting to 7.2 million businesses—closed down between 2023 and 2024 due to the harsh business climate.

This startling revelation, made by Dr. Segun Omisakin, Chief Economist and Director of Research at NESG, underscores the growing economic fragility in Nigeria. Speaking at the 2025 Private Sector Outlook launch, Omisakin painted a bleak picture of a business environment battered by economic volatility, policy uncertainty, and dwindling investor confidence.

He further revealed that Nigeria lost an estimated N94 trillion due to multinational divestments and business closures during the same period, signaling a worrying trend of capital flight.

“Between 2023 and 2024, multinational divestments and business closures led to an estimated N94 trillion economic loss. Additionally, 30% of Nigeria’s 24 million registered MSMEs shut down, underscoring the country’s economic vulnerability,” Omisakin stated.

More MSME Closures Expected in 2025 Amid Harsh Economic Realities

With Nigeria’s economic trajectory showing no signs of a significant turnaround, economists are warning that even more MSMEs could shut down in 2025.

The country’s stubborn inflation, erratic foreign exchange policies, and deteriorating consumer purchasing power have made survival difficult for small businesses, which constitute over 90% of Nigeria’s business sector and employ nearly 80% of the workforce.

A combination of rising energy costs, forex scarcity, and unstable government regulations has further crippled small businesses, with many unable to secure funding or sustain operations in a high-inflation environment.

Nigeria’s Struggles with Debt and Currency Depreciation

While NESG acknowledged that foreign exchange availability improved due to recent policy reforms, it did little to halt the rapid depreciation of the Naira, which averaged N1,479.9 per US dollar in 2024.

In addition, Nigeria’s fiscal crisis worsened, with public debt ballooning to N142.3 trillion as of September 2024.

“While there have been modest improvements in trade surpluses and capital inflows, the macroeconomic framework remains weak, and fiscal constraints persist,” Omisakin stated.

This dire situation has left the private sector struggling to navigate an unpredictable economic landscape, with many businesses unable to cope with the rising costs of imported raw materials, transportation, and operational expenses.

At the NESG forum, panelists stressed the importance of policy consistency in attracting foreign direct investment (FDI).

While the depreciation of the Naira remains a major concern, investors are more worried about policy inconsistency, government overreach, and unpredictable regulatory frameworks.

Analysts have noted that foreign investors are willing to operate in an environment where the currency is weak, but they need policy stability. The biggest concern, however, is said to be that Nigeria has changed monetary and fiscal policies multiple times within short periods, creating uncertainty.

To address these concerns, stronger collaboration between the public and private sectors was recommended. Panelists urged the government to involve business organizations such as the Nigerian Association of Small and Medium Enterprises (NASME), the Nigerian Association of Small-Scale Industrialists (NASSI), and the Nigeria Employers’ Consultative Association (NECA) in economic decision-making processes.

AfDB’s $230m SME Support: A Lifeline or a Drop in the Ocean?

To mitigate the crisis facing MSMEs, the African Development Bank (AfDB) has approved a $230 million trade finance package for Access Bank Plc, aimed at helping small businesses survive the economic downturn.

The funding consists of:

  1. $170 million Trade Finance Line of Credit (TFLoC) – A three-and-a-half-year loan designed to provide forex liquidity to Nigerian SMEs, ensuring they can pay for essential imports and sustain operations.
  2. $60 million Transaction Guarantee (TG) – A three-year guarantee that will protect banks from the risk of non-payment on trade finance transactions, allowing Access Bank to expand financing options for SMEs.

While the AfDB’s intervention is expected to help some businesses stay afloat, experts caution that it is not enough to address the magnitude of the crisis.

To prevent another wave of business closures in 2025, experts and business leaders are calling on the Nigerian government to implement bold economic reforms. Some key recommendations include:

  • Stable and predictable policies: The government must commit to consistent monetary and fiscal policies to restore investor confidence.
  • Access to affordable credit: The CBN should work with financial institutions to provide MSMEs with low-interest loans and easier access to capital.
  • Lower energy and production costs: The government must address high electricity tariffs and fuel prices, which have become major burdens on businesses.
  • Increased private sector involvement in policy formulation: Business groups should be given a seat at the table to help shape pro-business policies.

Best 100x Cryptos: Qubetics’ Cross-Border Transactions, Binance Coin’s Market Dominance, and Sonic’s Speedy DeFi Transactions

By
TI Partners
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0

Looking for the best 100x cryptos to join for short term profits this month? Now is the perfect time to jump into some of the most promising blockchain projects, each offering a unique combination of features, strong growth potential, and opportunities for early buyers. Qubetics, Binance Coin (BNB), and Sonic are making waves in the crypto world, with a lot of excitement surrounding their future. These projects are shaping up to be the best assets to join this month, with Qubetics taking the lead in its presale phase and Binance Coin continuing to maintain its dominance in the crypto market.

With a growing community and analysts predicting huge ROI potential, it’s one of the most talked-about projects for short-term profits. Meanwhile, Binance Coin (BNB) is seeing increasing institutional interest, keeping it a solid contender for short-term gains. Sonic, despite facing market volatility, remains a strong competitor for future growth due to its speed, efficiency, and innovative approach to DeFi transactions.

Qubetics, with its innovative solutions, is perfectly positioned to address the shortcomings of its predecessors, offering businesses, professionals, and individuals the tools they need for efficient blockchain interactions. With a strong presale performance and the promise of real-world utility, Qubetics could be the best 100x crypto to join for short term profits this month.

Qubetics: A Revolutionary Crypto Presale for Future Growth

Qubetics is one of the top 100x cryptos to join for short term profits this month, thanks to its ongoing presale success. In its 25th stage, the crypto presale  has already sold over 498 million tokens to over 22,700 holders, raising more than $14.9 million. This presale offers a unique opportunity for early buyers to get in on the ground floor of a project that’s changing the blockchain landscape.

Qubetics’ $TICS token offers strong growth potential, with analysts predicting a 132% ROI by the end of the presale. Even more exciting is the projected 830% ROI once the presale ends and the token hits $1. After the mainnet launch, $TICS could see a mind-blowing 13,859% ROI, making this presale one of the most lucrative opportunities in the crypto space.

What sets Qubetics apart is its focus on cross-border transactions, which is a game-changer for businesses and individuals who need fast, efficient, and secure ways to move assets across different blockchain networks. By solving the interoperability problem, Qubetics is perfectly suited to cater to the growing needs of digital finance.

Qubetics is poised to be one of the best 100x cryptos to join for short term profits this month. Its presale momentum, combined with its innovative blockchain solutions, positions it as a strong contender for anyone looking to make significant gains in the short term.

Binance Coin (BNB): Institutional Interest and Market Dominance

Binance Coin (BNB) has proven itself to be one of the most resilient cryptos, consistently staying near the top of the market cap rankings. As one of the largest and most established projects in the crypto space, BNB continues to experience strong support from institutional players and retail buyers alike. Despite recent market volatility, BNB’s market dominance remains unshaken, making it one of the best 100x cryptos to join for short term profits.

BNB’s utility within the Binance ecosystem, such as offering trading fee discounts and powering the Binance Smart Chain (BSC), has helped solidify its position in the market. The recent introduction of Solana futures and the increasing speculation around a potential Solana ETF further solidify the growing institutional interest in BNB. With BNB maintaining its upward trajectory, it’s clear that its potential for short term profits remains strong.

For community members looking for a safe bet among the top 100x cryptos to join this month, BNB provides an ideal opportunity. Its strong fundamentals, coupled with a wide range of use cases in the crypto ecosystem, make it a solid choice for those looking to make short-term gains.

Sonic: Speed and Innovation Drive Future Growth

Sonic (SNC) is one of the best 100x cryptos to join for short term profits this month, despite the recent market volatility caused by an executive order from Trump. The price dip is seen by many as a buying opportunity, given the project’s strong fundamentals and innovative approach to decentralized finance (DeFi). Sonic is known for its speed and efficiency in DeFi transactions, setting it apart from other projects in the space.

While Sonic is facing some short-term market corrections, analysts believe that once the market stabilizes, the project will regain momentum and continue its upward trajectory. Its use case in enabling fast, low-cost transactions in the DeFi space makes it an exciting project for backers looking to capitalize on future growth.

Sonic’s continued development and its focus on innovation ensure that it will remain one of the best 100x cryptos to join for short term profits as the DeFi space continues to expand. It’s a project worth keeping an eye on for those who want to invest in a crypto with the potential for rapid growth.

Final Thoughts

As the cryptocurrency market continues to evolve, Qubetics, Binance Coin, and Sonic stand out as some of the best 100x cryptos to join for short term profits this month. Each of these projects offers something unique—Qubetics with its cross-border transactions, Binance Coin with its institutional support, and Sonic with its speed and DeFi innovation. Community members who get involved now could see significant returns in the short term as these projects continue to grow and develop.

Qubetics, in particular, offers an exciting opportunity for early buyers looking for high returns, thanks to its ongoing presale and potential for massive growth post-mainnet launch. For anyone seeking exposure to some of the most promising crypto assets, these three projects are ones to watch closely this month.

For More Information:

Qubetics: https://qubetics.com

Presale: https://buy.qubetics.com/

Telegram: https://t.me/qubetics

Twitter: https://x.com/qubetics

 

FAQs

1. Why is Qubetics a top 100x crypto to join for short term profits this month?

Qubetics is offering strong ROI potential with its presale success and innovative blockchain solutions, particularly its cross-border transaction capabilities.

2. What makes Binance Coin (BNB) a strong contender for short term profits?

Binance Coin’s market dominance, institutional support, and utility within the Binance ecosystem make it a safe bet for short term profits.

3. How does Sonic drive innovation in DeFi?

Sonic offers fast, low-cost transactions within the DeFi space, making it an exciting project for those looking to capitalize on DeFi growth.

4. What ROI can be expected from Qubetics’ presale?

Analysts predict a 132% ROI by the end of the presale and up to 13,859% ROI after the mainnet launch, making Qubetics an exciting investment opportunity.

5. Why are these three cryptos good for short term profits?

Qubetics, Binance Coin, and Sonic all have strong growth potential and are positioned to offer high returns in the short term due to their unique features and market positions.

Top Meme Coins to Invest – Lock in a 10,694.59% ROI on Arctic Pablo Coin Before It Lists at $0.008 as TST and DOG (Bitcoin) Race!

By
TI Partners
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0

Crypto doesn’t wait—every second is important. Today, this article dives deep into the realm of Top Meme Coins to Invest – an exclusive comparative look at Arctic Pablo Coin, TST, and DOG (Dog (Bitcoin)). These aren’t your average digital assets. They’re playful, adventurous, and packed with potential, each with its own unique narrative and value proposition.

Whether a seasoned trader or just starting out, this article serves as a golden ticket to understanding which of these coins might be the next big score. Jump right in to discover which coin might be the perfect addition to a portfolio among the Top Meme Coins to Invest.

Arctic Pablo Coin – The Adventurous Pioneer of the Top Meme Coins to Invest

Arctic Pablo Coin is nothing short of a legend in the making. Picture this: an intrepid explorer named Pablo, riding his trusty snowmobile across an icy, mysterious landscape, unearthing hidden treasures in the form of $APC tokens. This isn’t a run-of-the-mill crypto story—Arctic Pablo Coin weaves myth with reality, offering a narrative as enchanting as its technology. In its meme coin presale phase, which is exclusively for this coin, the project is currently at its 14th location, Frosty Falls. At a current price of $0.000074 and having already raised over $1.83 million, the coin boasts a mind-blowing ROI of 10,694.59% when compared to its projected listing price of $0.008. This is one of the Top Meme Coins to Invest if you’re looking to ride the wave before prices skyrocket.

Arctic Pablo Coin stands out among the Top Meme Coins to Invest with its unique presale. Unlike most cryptos that follow a staged process, its presale is divided by travel locations. Unsold tokens get burnt weekly, boosting value over time. Plus, it offers a dazzling 66% APY staking programme with a two-month vesting period from launch, blending myth with high returns in one epic journey.

Every minute counts now because the current stage at Frosty Falls could end at any moment. This is your last chance to invest at such a low entry point. The buzz around Arctic Pablo Coin is palpable, and those who are on the lookout for the Top Meme Coins to Invest simply can’t ignore this adventurous gem. With its blend of imaginative storytelling and solid crypto fundamentals on Binance Smart Chain, Arctic Pablo Coin is geared to make a massive impact. Remember, the opportunity to join this journey before prices soar is dwindling, so act now and ride along with Pablo on his quest for hidden riches.

TST – A Dynamic Contender

TST is turning heads in the Binance Smart Chain ecosystem, and it’s easy to see why it’s becoming one of the Top Meme Coins to Invest. With a current trading price of $0.06164 and a modest 1.14% change over the last 24 hours, this coin is backed by robust on-chain data and a vibrant community. TST has carved out its niche with a market cap of $58.43 million and a 24-hour trading volume of $77.19 million, giving it plenty of trading momentum. Its circulating supply stands at 947.94 million tokens, and the coin has experienced impressive swings—from an all-time high of $0.5244 to a low of $0.01466—demonstrating the volatile yet enticing nature of the crypto market.

Dog (Bitcoin) – The Playful Rebel

DOG (Dog (Bitcoin)) is a community-driven, playful memecoin that’s capturing hearts and wallets alike. Unlike its counterparts, DOG was launched without a presale, making it a grassroots phenomenon that emerged purely from the passion of its community. Trading at $0.001870 with a 7.56% increase over the past 24 hours, DOG is gaining traction quickly. Its market cap of $187.01 million and a 24-hour trading volume of $11.06 million highlight its growing appeal among crypto enthusiasts looking for one of the Top Meme Coins to Invest.

Conclusion

Based on our research and market trends, each coin presents a unique opportunity for those scouting the Top Meme Coins to Invest. Arctic Pablo Coin offers an adventurous narrative, a ticking clock on its low entry price, and a lucrative presale opportunity with its weekly token burns and a smashing 66% APY staking programme. TST, with its solid fundamentals and active market presence, offers a more measured approach, while DOG (Dog (Bitcoin)) shines with its grassroots, community-driven launch that’s shaking up the crypto world. The urgency is real, especially for Arctic Pablo Coin – the current stage at Frosty Falls won’t last forever.

Join the Arctic Pablo Coin presale now and secure your spot among the Top Meme Coins to Invest. Time’s ticking, mate—don’t miss out on the chance to be part of something truly extraordinary!

For More Information:

Arctic Pablo Coin: https://www.arcticpablo.com/

Telegram: https://t.me/ArcticPabloOfficial

Twitter: https://x.com/arcticpabloHQ

Frequently Asked Questions

Q1: What makes Arctic Pablo Coin one of the Top Meme Coins to Invest?

A1: Its unique presale structure, adventurous narrative, and deflationary token burn mechanism make it a standout, especially with its current stage ending soon.

Q2: How does the staking programme for Arctic Pablo Coin work?

A2: Investors can stake their tokens and earn a dazzling 66% APY, with all staked coins vested for a two-month period from launch, adding to its appeal as one of the Top Meme Coins to Invest.

Q3: Why is there urgency around investing in Arctic Pablo Coin?

A3: The current stage at Frosty Falls could end at any moment, meaning this is the last chance to get in at a low entry point before prices rise dramatically.

Q4: What are the key differences between TST and DOG as Top Meme Coins to Invest?

A4: TST is known for its robust on-chain performance and steady market presence, while DOG relies on a grassroots, community-led approach without a presale, appealing to different types of investors.

Q5: Are there any risks involved with these Top Meme Coins to Invest?

A5: Yes, as with all crypto investments, market volatility and rapid price changes mean you should invest wisely and only what you can afford to lose.

Shiba Inu’s Momentum Slows While This Altcoin Quietly Gains Institutional Attention

By
TI Partners
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0

The cryptocurrency sector remains notoriously unpredictable, with sudden shifts in sentiment making or breaking market favorites. Shiba Inu rose to fame on meme culture and community-driven hype, briefly challenging top tokens by market cap.

Yet, as new data suggests a decline in daily trading volumes and slower network activity, larger investors are exploring other opportunities. One emerging altcoin has gained traction behind the scenes, appealing to institutions and retail traders alike for its tangible value proposition.

While Shiba Inu still commands headlines, signs point toward a steady pivot as whales and major funds rebalance their portfolios. Below, we examine why Shiba Inu’s momentum slows, how an under-the-radar altcoin is courting institutional funds, and what these trends might reveal about the broader crypto landscape.

Shiba Inu’s Momentum Slows

Shiba Inu captured headlines for its meteoric ascent from microscopic prices to an all-time high (ATH) of $0.00008616, recorded on Oct 27, 2021, which was driven by meme culture, a passionate community, and periodic celebrity endorsements.

Although some loyal holders saw massive returns, that explosive phase has proven difficult to sustain. Analysts attribute the slowdown to several overlapping factors. One is that Shiba Inu lacks extensive real-world applications, depending instead on investor enthusiasm to fuel price action.

While the Shibarium layer-2 solution and other expansions might improve utility, the pace of adoption remains slower than some had hoped.

Broader market conditions also play a role: with central banks tightening monetary policies, many risk assets, especially meme tokens face headwinds from capital outflows and heightened regulatory scrutiny.

Moreover, the community-driven approach that once propelled Shiba Inu may not adapt quickly to a more utility-focused market. As risk-averse institutions assess potential cryptocurrency holdings, they often seek tokens that provide clear revenue models or real-world asset backing.

Shiba Inu can still draw attention during meme coin spikes, but the long periods of stagnant price performance test holders’ patience. This environment encourages whales to diversify, hunting for a new altcoin with stronger fundamentals to anchor their crypto portfolios.

PCHAIN: A Meticulous Real-Asset Approach

At the forefront of this altcoin shift is PropiChain. This unique project aims to fuse real estate with blockchain, providing a revenue model beyond speculation. PCHAIN tokenizes high-value properties, dividing them into smaller, tradable fractions that pay out rental income or eventual sale proceeds.

This design grants even modest investors access to multi-million-dollar assets, an unparalleled proposition in a market where intangible hype typically dictates prices. For example, a $30 million luxury apartment tower can be divided into 30,000 digital shares, allowing investors to own a fraction of real estate for just $1,000.

This asset-backed model positions PCHAIN as a stable alternative to speculative tokens driven by short-term hype.

Already, PCHAIN has raised more than $1.2M through its presale tokens, currently priced at $0.011. Analysts project a rise to $0.023 in round three and $0.032 upon listing, translating into an 800% potential upside for early backers.

While such gains might evoke memories of Shiba Inu, PCHAIN’s value does not hinge on meme campaigns. Instead, property revenue underpins the token, allowing it to weather downtrends that often batter purely speculative coins.

PCHAIN introduces AI-based analytics to streamline property discovery and investment strategies. If short-term rental demand in one region jumps 10%, the platform can auto-purchase more tokens, optimizing entry points.

Additionally, users benefit from a metaverse integration, enabling virtual property tours worldwide. By blending advanced technology with real-world income, PCHAIN has become an altcoin of choice for institutions eager to avoid the hype-driven booms and busts that plague tokens like Shiba Inu.

Not to be overlooked, PCHAIN ensures security and transparency through audited smart contracts. The code automates ownership transfers and revenue distribution, minimizing reliance on intermediaries. For whales and funds that once chased gains in meme coins, this stable architecture holds strong appeal.

As more data emerges on substantial wallet acquisitions, it seems PCHAIN has established itself as the altcoin with a clear vision for merging blockchain and physical property assets.

Why PCHAIN’s Revenue-Driven Model Could Outshine Shiba Inu in the Evolving Crypto Market

While Shiba Inu captured the spotlight with its explosive growth, recent slowdowns illustrate the pitfalls of relying on hype alone. Faced with uncertain macro conditions and mounting regulatory scrutiny, major investors seek altcoins that can thrive independently of meme cycles.

This shift has led them toward emerging players like PCHAIN, whose focus on real estate tokenization and AI-driven insights provides a revenue-first model for both institutions and retail traders.

By bridging tangible assets and digital tokens, PCHAIN moves beyond the meme coin formula, catering to a more cautious yet still ambitious investor base.

Investors interested in PCHAIN can find further details at the PropiChain website and track live data on its CoinMarketCap listing. Additionally, the project’s audited contracts are publicly accessible on BlockAudit.

In a crypto market often shaped by hype, PCHAIN’s approach suggests a more robust model that could outperform other tokens as the trend moves away from ephemeral mania.

For forward-thinking traders, this altcoin might be the key to navigating a new era where fundamentals, revenue, and transparency overshadow short-lived momentum.

 

 

For more information about the PropiChain Presale:

Website: https://propichain.finance/

Join Community: https://linktr.ee/propichain

 

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