every weekend on d, w. american home, any portion of love us her in the world right now, climate change, if any story. this is much less the way home just one week. how much was going to really get we still have time to go. i'm dealing with his subscriber only he was like hello and welcome to your favorite program that 77 percent. i am your host, eddie, my god junior. with. now this episode is all about inflation. what happens when your money is with less and less every day? the up,

a lot of us are feeling it in our pockets. in south africa, we find out how inflation impacts informal markets. in our street debate flourish, drucquer i asked nigerians how the coping do and economic crisis and in lakewood, we get up to speed with a risky trend of currency trading with now let's jump straight into it. what exactly is inflation? let me break it down for you. now imagine you often get a bag of rice foresee to dallas, but now you have to pay for dallas. well, the same bag of rice, your cost of living has increased, but your income remains the same. that's inflation. and it's rising all around a wild and south africa does not. leapt out so many people are meaning to the

informal economy to survive. for example, to avoid taxes which makes prizes of goods cheaper by the so called black market that fails, stolen or counterfeit googe is also booming. and that is dangerous. has why? ah, inflation has hit a 3rd junior high in south africa. price shocks and a crippling energy disaster have left south africans battling a cost of living crisis. surging prices have outgrown fixed incomes. fuel prices increase the 10 times the taxi 1st just to run from this a carton of cigarettes and only makes overruns of put up the no credit burner. because people resort to buy a new credit for from our cleaners to security guards. if they don't get that much of pay, a lot of them face a lot of inflation issues with price changes from time to time to get by more south

africans are turning to the informal economy, which is neither taxed nor monitored by government. south africa's informal economy is estimated to comprise over 28 percent of the nation's g, d p. it supports about 2500000 workers and business owners. one in every 6 south african workers works in the in formal sector. businesses here provide about $850000.00 pay jobs, almost doubled the direct employment as mining still it's a legal gray area. the also booming black markets, however, is regarded as illegal, but way of black market, good sourced goods are mostly assessed through the but don't by having a person in the money general position seldom to you cheap. and also that is hijacking of trucks covering the goods by criminals. what a like a boat the boys is that they are not greedy. when they steal the called the community, legal and elicit businesses often operate side by side, alongside fuel,

food and electronics. another possibly more dangerous product is easy credit. which traps desperate people in a cycle of dead blue. we take your license said tiffy kate, we keep it here. and then we, the vault, your loan doesn't matter whether you blacklisted or what we have the session to take the car if you're unable to pay at the end of the month. but while elicit goods are in demand, the trade can do serious harm to legitimate businesses imported counterfeit clothes, for instance, under cut products from the local clothing and manufacturing industries threatening formal jobs. look illegal and counterfeit good. i actually harmful to the clothing and manufacturing industry. the prices artificially deflated clothing is expensive everywhere. the problem is not the price, but the must be as and the syndicate, even among people who might actually take part in the black market. there are mixed

feelings towards it. ok my take on the black market is it's not good. it's good. i see bunky la would walk in the black market because i know my situation rebuilding south africa is economy is a tough task and for now, experts believe the informal sector will continue to boom. many people, one of the governments to create more jobs for them or needs to create that conducive environment for business. now for a long time and narrative of growing middle class painted a hopeful picture. but do young nigerians have a chance of truly attaining financial stability? on the 77 percent st debates, mike lee flows throughout spoke to young entrepreneurs, trying to build their lives and businesses against offs. a

welcome to a buddha named jerry s capital. now nigeria is africa's biggest economy. there's so many young people here who are vibrant, innovative, working hard every day to build their lives. what recent times have been hard, they do as economy has been plagued with a unemployment rising cost of goods and even a failing currency. so how are these young people coping? that's the topic of discussion today. and i'm going to start with a bio me about me now. you want a small business here. now boucher kind of explain to us what you do and how you started business a. i started a corner business. i saw it copa. there was dorian cove eat in 2020. anybody just eat and it was due to the old. you're seen so many d and graduates doing nothing at the end of the year and waste. yes. as i said, i decided to dublin to a business that will sustain mean and i'm going to depression. by the way, i kara,

is been kick is a common snap carry nigeria, and use that as a group to that because of unemployment. now how come to you? i name, how is business been for you, especially the past few years? you run a kick business. you make pastries aren't kick. what exactly has made business difficult for you? first of all, inflation has really made it difficult for us because the cost of production has almost tripled in the past one year. our profit margin keeps shrinking, and so we are, we are earning lower than we used to. we can't employ as many hands as we need, so we are not able to kitta for the masses as much as we're supposed to. all right, so i'm going to go to martha. now, you are an economist on a researcher. can you explain to us why things i like this in nigeria? i think 1st things 1st. it's not necessarily niger and problem. the world old. all

of our we're seeing economic downturn and the u. s. is also facing of unprecedented and inflation rates. ah, but that being said, i, we are witnessing um, an aftermath of you know, all the am economic activities that happened during cove it. so now that the world has opened back up where seen people going back to work and you know, trying to go back to the things they used to do before. however, nigeria has been facing economic downtown, even before the covey crisis. so i'm just going to you miss that will corn. now you walk with the humanitarian ministry now. um, why, maybe you can start by explaining to us why the problem seems to die right now. what happens is a in 2015 ah, during the company promises mom to promises was what was that, that they are going to create massive job for the, for the youth. so in a program, how to get up of nissan of these you out of up to get out of these on unemployment

issue, recruited ski opposition programs on one of these, these are good. i got rent what i get you got there. oh no. to get it, there we go. if you want, if you are quite skills, maybe as a carpenter, and masonry, a plumber, electrical engineer, automobile and julia, all in the hospitality treats all of this. we give you a set up that way enable you to start off on your own. okay, mr. alcorn, you're talking about what the government is doing to help young people. i'm going to come back to that point, but i want to speak with okay, you have something to say. we can give some credit to the government, but i think they are not dreamy enough. in a concho for over 200000000, the 80 percent of the name jump operations are youths. and you're talking about training, just 1500000 this is, is, is very unfair and there's no way i can sure would drive me such kind of number. so

i'm a humanitarian and i walk in times of eradicating hunger on foot in security and the type of hong godaddy's in this country right now. it's not, it's on a much nipple fiano doing. they know of an issue. rise up to that responsibility. miss alco and you are not in you agree with that? i quite agree with him because 1.5, milan is jaws a like a little dropped in the ocean. so better, i don't know if i tell you how much you are spending on this program on monday business. if you have one belonged, a beneficiaries i did to 1000 that how much does that belong era every month? thank you mr. alcohol. as i admitted that the government needs to do more sci fi, i your to respond to that. who are the people that actually by taking a dispute? because you that really needed to be honest. i don't think you're aware. because but of already not everybody wants support to look at it, i sense to local as one partner with a gulf mensray to give voice these nuclear. i saw that he said the trained so that

we can give them access to market business. we have the information i got was that is based on who knows room. so somebody will bring 50 people from joe, bring them together, train them, other train and send them back to just. and then after we seen you kind of going to raise the people that hadn't been trained. okay, cynthia, i was raised in about serious issues. mr. alcoa, do you want to respond to that respond to the better, right. we are vertical or it is what has been happening before. i give you 1500000 . we have a database. what is one point? 5 we don't just got off is now you have non just local. i'm going to give you specific numbers. i'll direct you, we have the database, we have your phone numbers, i'll tell you, call it is one. god is one. anyway, it throughout the country. you can see, after we're done with the debate, but whose responsibility is it? to help you to solve this economic problem is it does is sorely rest on the government, or is there a way that we can all come together to solve the problem?

erica. okay, so do you responsibly see, for sustainable development and growth in our society relies not only under governments, but also in the private sector also, or the non governmental d and jewels. and do you see esl, but it's really crucial. i would look, it was over there, access, it was our value system. what do we ask? people who are very suckers are? are we hoarding account of those people who are receiving much forms to do the right thing or we are just add minder typing. it also bolt on to our video people. okay, thank you very much for that. i want to come to you think? yeah, you're 100 up before. my hope is that after this conversation i news, we have representatives from each industry right? that we go back and implement some of the ideas that we've mentioned from changing value systems to found as do the product actually. so the real problems to the government actually focusing on partners with the private sector so that they can

extend the impact of their work and to more a better relationship so that i can come get better. i think that's why we will drive the courses today. thank you so much to pine, at least for joining us. and maybe you watching. you might not be from nigeria, but you might be facing the economy time. tell us how you're coping and what you think can be done to make things that i would like to hear from you. thank you so much for watching. bye. thank you. flores for that informative debate. now, if you want more of our street debates, you can visit our youtube channel. you get more that. i was always good to hear from young people themselves on what can be done to better their situation. for example, a new generation of talent had online treat as, as lenin de, moves of for extruding. hold on, i've got you barks. trading is the process where

a tradeoff exchanges one currency for another. what a hope of making profit when the value of one currency rises or falls against the other. now you find out why this business model can give hope to young nigerians. i can also be risky. ah, 25 year old jeffrey benson is a forex 1000000 in coast 21. when i took and i crossed and found the us with turner $40000.00 and $6.00 met the nigerian law school dropout has made a career out of the risky business of buying and selling foreign currencies online . and by sharing videos of his enviable lifestyle on social media. oh, he says it's some people still think maybe that he calls his came or some. it's a get rich, quick pain and i'm like, no, this is

a business symbol. you treat your quotes business, same way you treat your oil and gas business in will you treat your engineering business? does war for a student is now my routine. everything i just flipped from someone who could even barely buy a on a time and a foreigner now, now i'm there. now for a lot of projects, we have a lot of houses having a lot of cars and he's not alone. researchers estimate of the nigerian is involved in the forex trade know number in the hundreds of 1000, but soft pointed 20 to one. we have what we had of what 300000 to with the forest tree doesn't lend you. 70 percent of them are. it's about 4 to 6 percent of them are we make many new traders land academies like this one this job to for lack of give sure freedom to kind of lifestyle can you can actually get in the interior. why don't sharing his kid freely on youtube is what made geoffrey famous . he often drops in full hands on lessons with the young people,

pay to take the trading skills to the next level. i, kimberly the maya said a month or 2 caching out making money, and realistically it's not like that you need to study. you need to learn in the middle of last year. i say here in about happy and jeff, you know, 9 john guys that do 4 x and just as a selena, when you see what's in their videos and i say believe in him, it again cause prior to that i was thinking, i don't know any manager and as for extra so i was skeptical, while few have made fortunes in the business. it's not without risks. while we look at the agenda for us treat us. they are also fick investment tree does for us. and with me through that, we'll use the opportunity of the online marketing mechanisms to law, also specs in subscribers on suspecting and you have to invest in your, at, in one and end. it goes down degree. many, many of you lost the life savings on the business of fick investment portfolios.

even jeffrey himself phased reportings cameras and impersonators in the common sections of his videos is a daily chore. but he insists that the risks of legitimate for ex trading are ultimately manageable. they are looking for his high risk. i think risk that you can control is not high risk in the sense that i just like having a lamborghini for out of pocket 1st cause dental, but right people crush in time. yes. or like having a par bike, we hear about people leave crushing on a double par by, cause god the oscillation. i also got the break. so if you know when to apply a break, no into our play our salary. sure. i don't think that's a risk. so it's what key was his greed, yodi personnel, your driving speed. so if you're greedy with money, when you're supposed succeeded, marquis i used to keep holding, then that's when schools well, you know, or they say being greedy with money that's dangerous. but of course, money in itself is not a problem. if i make just the right amount of it,

i would love to higher multiple. i was when i contact romantic, i talk to design my future house. now, he is trying to build the africa off the 21st century with a focus on sustainable design. but push him back against. increase and above sprawl, is proven to be his biggest challenge. smooth lines, open spaces, and purely minimalist. this modern piece of architecture in the good woman neighbourhood of quote one is the brainchild of romantic atoll keith. bucking 2013 . the young architect found at his own firm inquiry. in 2017 rumors moved back to his hometown could renew impending. a master of his craft, he's forced to find details that most people would miss papa boys ought to her as on to lines cover the entire extent of the house. these very clean lines mark the peculiarity of what we have as an architectural work. remarks agency tries to focus

on sustainable construction while keeping to assign budgets not always easy in the architectural weld, his aim, building and africa for the 21st century. but he says there are still a few aesthetic hurdles to overcome with more and i'll go there is, oh, well unfortunately, we still have visible phone and electricity lines yet not ones which run under ground. you can see behind me that there are lots of poles that make the building a little ugly. so we don't see its full architectural beauty. we have no choice and we have to live with it to many level, but that's what also makes our african cities so charming. reza, fellow, citizen, governor sam denovia, again remarked reluctantly admits he's not a fan of local architecture, but he's also quick to point out to the african continent diversity in building style. i'm not too keen on the architecture you find in africa. it's not an easy

thing to say, but the architecture that you find in as a hellion country, like molly, is not the same architecture that you will find in the country like beneath which is on the coast. another challenge fees, this is pushing back against increase in urban sprawl. but despite all perhaps because of these challenges, remarried is clearly proud of his profession hold. we are talking to on us in with them. i would say being an architect in africa today and particularly and benign, is a noble professional. it's a job that keeps a man alive. because being an architect is something else. having an intellectual background allows you to offer something that meets the needs of a certain clientele, enough to talk you i bond of dissolved and said, then agree on then. so to room, i took it well together when his clients to create division, his services don't come cheap. for me, i did not choose remarried at okay, for nothing. i already know that romera got okay knows what he's doing and that

he's good with all this is where all the action happens here. remark is built in the family villa. he believes a handsome attitude is vital to see his vision through. but that's not so common in benny. lots of good. i think one of them were lucca mostly grew up about do nuclear . most of our clients do not understand what an architect is for them. the architect draws the plans, but he does not come to the site. the engineer is the builder. they fail to see the value of the architect because an architect, he thinks he creates, but he is an artist. he could so nothing. at the end of the day remarried lest the finished products speak for themselves. oh that some really cool stuff, isn't it? talking about what's cool, how about sustainable fashion in come,

who lives in guanine 1st worked in the oil industry before becoming an award winning fashion designer and method is authentic and made with love or style. and the environment ah said against the lush green jungle limby in cameroon, could be a beach paradise. but the fine dark sand is hardly visible under a sea of trash, even after a clean up. it takes just a few days for plastics, textiles and other rubbish to pile up the trashy look of limby speech inspired award winning come a ruin in design. allison grannie to make clothes that would never drift unloved and unwanted. the textile industry all contributor to 4 per cent of michael plastics and i think it is a big issue is one of them was polluted industries. and oh, i think the 2nd industry after patrol saw is how we start looking at cuts in tao.

this pollution penguin actually used to work in cameron's oil industry, a sector not exactly revert for sustainability or environmental best practice, since becoming a full time fashion designer and putting all her efforts into marbles mode. granite aims for sustainable fashion from 1st thread to the catwalk. i actually found it and my, my so and you go in and very passionate in price shine. i decided to look how this tool could merge together. so i found that my brand i've ever did, it's a culture brow, which is my was lot our mission is to use partial as a tool for social and environmental change. and now i also just found that this initiative then, always fraction, which is to cut down with our we have started with text. i was no waste factory, literally uses textile off cats from other tailors, sondra m, o volunteers. so i just want picking up the whist

rome, the $10.00 a year at the remaining farm is sent out by the read them so the can transform the whizzes so useful materials this with people to pick it on day one, putting lives the romans are trying to set up or are trying to reduce ableman couple rashawn. so that's one more to be to me, be a one until august factory. so we can use the lease. i'll transfer me to your to for products that i'm you stuck on. you stuck on shore keys? i forgot myself. i forgot to run you short on. i've come for them. but what would recycled? classic textiles be without some super stylish new designs, based on bespoke art that's in touch with traditional couture. i enter serge zoe. just one of a number of artists with whom my bos mode collaborates to different one is creations. a truly communion touch. my odds are usually people buying it, unconcerned or walls. so it's a new and beautiful feeling to see someone who actually when it's gone. and also

the perfect dress or wrap is more than just a garment. it tells a story and includes something in tangibly important to each new customer fresh and this language. so i think the story lines are the most important thing you could do to make traditional of enjoyable. again, with any luck, limby speech will soon be known as a site for showcasing sustainable style, rather than forgotten textile racks. good job, limby, sustainable fashion is indeed the way to go. i should all do our part to protect the environment we live in. and that is how we wrap up the show. hope you enjoyed every part of it because i said singly did i, eddie micah? julia, thanks for sharing your time with me on. so you so i know everybody was money, money a money

a i don't need that much money. money, money, money soon. i think everybody with ah, with

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