Commodification of the Nigerian Naira: A Strategic Vision

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  The commodification of a currency involves transforming it into a tangible, tradable asset with intrinsic value, aiming to enhance stability, investor attractiveness, and international value. Nigeria's Naira (NGN) faces challenges, but a strategic approach, including the use of cassava and effective monetary policies, can address these issues. Historical Perspective: Traditionally, currencies were tied to physical commodities like gold. Today, most countries use fiat currencies, deriving value from government stability and trust. Cassava's Role: Cassava, a staple in Nigeria and a major global producer, offers ideal features for Naira's commodification: Versatility: With uses from food to industry, cassava supports economic sectors, bolstering Naira stability. Abundant Production: Nigeria's cassava abundance forms a robust foundation for value-added chains, meeting domestic and global demands. Export Potential: Investing in cassava-based exports, such as starch and bio...
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Navigating Lagos Real Estate: CEO Emmanuel Jonah Advises Developers on Investment Stability

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In response to recent property demolitions in Lagos, Emmanuel Jonah, CEO of Obiman Group, emphasizes the importance of market research and staying updated on local regulations for fresh developers, particularly those of Igbo descent. The demolition of palatial houses in Amuwo Odofin raises concerns about property stability and investments in Lagos.

Emmanuel Jonah advises developers to build a reliable network within the real estate community and understand the unique dynamics of the Lagos real estate market. Thorough market research, a solid business plan, and fostering good relationships are crucial for successful development ventures.

Reflecting on his journey to entrepreneurship, Jonah highlights his humble background and the transformative impact of technology. His interest in both the tech sector and real estate stems from a desire to leverage opportunities for growth and stability. As Chairman/Founder of OBIMAN Group, overseeing subsidiaries like SmartBest Technology and Luxecraft Interior, Jonah emphasizes the meticulous alignment of values with market demands.

Discussing his career path, Jonah mentions the dual influence of the technology sector's dynamic landscape and the enduring stability of real estate. The CEO navigates the complexities of the tech industry while leveraging the tangible nature and long-term investment potential of real estate for a balanced and resilient business strategy.

In establishing SmartBest Technology and Luxecraft Interior, Jonah emphasizes a strategic blend of technological innovation and creative design. The journey involves assembling a dedicated team, ensuring a harmonious blend of aesthetics and functionality, and maintaining an unwavering commitment to excellence.

Beyond real estate and tech, Jonah reveals his interest in the music industry through YC Records, part of the Obiman Group. The record label houses talented artist Lucid Vibr, and Jonah expresses commitment to nurturing exceptional talents, expanding the artist roster, collaborating with industry influencers, and establishing YC Records as a significant player in the Nigerian music industry.

In summary, Emmanuel Jonah provides insights into navigating the challenges of the Lagos real estate market, combining technology and real estate for business success, and expanding into the dynamic landscape of the Nigerian music industry through YC Records.

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