waterfalls flowing water particles into the air b, trees and sweating out up to 1000 liters of water in a day or sea forest fires, evaporating large amounts of moisture tune in to get the answer and learn more about this phenomenon with a heavy, invisible river that flows through the sky starts march 23rd on d, w. ah. 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 wet? less and less every day the up,

a lot of us are feeling it in our pockets. they thought africa. we find out how inflation impacts informal markets. and our st debates flow issue, crafts nigerians, how the coping through and economic prices. 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, there's not left out. so many people turning 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 goods is also booming. and that is dangerous. here's why. ah, inflation has it a 13 year high in south africa. price shocks and a crippling energy disaster have left south africans battling our 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 our only mix of a runs are put up the no credit burner because people resort to buy no credit. so from our cleaners to security guards, 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 buy more

south africans are turning to the informal economy, which is neither taxed no 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 informal 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 market, however, is regarded as illegal, but way of black market. good sourced goods are mostly assessed through the bud door by having a person in the money general position. seldom to you, cheap and also that he is hijacking of trucks carrying the goods by criminals. what i like about the boys is that they are not greedy. when they steal the call, 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 kill license ctc, kate, we keep it here. and then we, the vault, your loan doesn't matter whether you blacklisted or what we have the procession to take the car if you are 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 global jobs look illegal and counterfeit good. i extremely 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 simply 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 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 attain in financial stability? on the 77 percent st debates, michael lee flows throughout spoke to young entrepreneurs trying to build their lives and businesses against all offs. a

welcome to a buddha named jericho capitol. 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 on 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 in base of state, and it was due to the origin seen so many an id and graduates doing nothing at the end of dia and way css ice would. i'd say 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 i'll 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 unprecedented. and inflation rates. ah, but that being said, i, we are witnessing um, and after myself, you know, all the i'm economic activities that happened during cove it so now that the world has opened back up or 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 want 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 out of these

a properties you out of up to get out of these on unemployment issue, recruited ski opposition programs. on one of these, these are what are your trends? what are you had you got there of? no, to get it. there we go. if you want, if you are class kills, maybe as a carpenter, and masonry, a plumber, electrical engineer, automobile and julia all in the hospital. it treats all of this. we give you 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 the, i don't dream enough in a concho for over 200 median the 80 percent of the men jump populations our youth. and you're talking about training just 1500000. this is, it is very unfair and there is no way a control would drive me such kind of number. so i'm

a humanity when i walk in times of eradicating longer footing security and the type of horn godaddy's in this country right now. it's not, it's on a much nipple fiano doing enough, and this you rise up to that responsibility. we sal calling you or no. do 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, yeah, i don't know if i tell you how much you are spending on this program on monday business. if you have one yolanda beneficiaries at 202-0000, that's how much does that milan era every month. thank you, mr. alcohol. as admitted that the government needs to do more sci fi. i your to respond to that. who are the people that to the particular dispute is because we're that really needed to be honest. i don't think they're aware. because part of what were denied their book. he wants supports locally that sense, so they'll kill as one partner with the government. right? to give voice is mccully that saw that he said the trained so that we can give them

access to markets business. we have the information i got was that is based on windows room, so somebody will bring 50 people from george, bring them up with you, train them, other train him, send them back to just. and then after every scene, you can even trace the people that hadn't been trained. okay? simply, i was raised in about serious issues. mr. alcorda, you want to respond to that. it went to the better, right? you have vertical or it is what has been up to the phone. i give you 1500000. we have a database. what is one point? 5? we don't just come to off is not your number. so i'm going to give you specific numbers. our director, 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 are done with the debate, but whose responsibility is it to help you know, solve this economic problem is it does is solely rest on the government, or is there way that we cannot come to get out to solve the problem. erica. so the

rest possibly see for sustainable development and growth in our society relies not only on the governments, but also the private sector also, or the non governmental d and jules. and do you see a source? but it's really crucial that we'll look into our so if i get access of what our value system, what do we ask for people who are very suckers are, are recording accounts of those people were receiving much forms to do the right thing. or we are just a reminder, so i think it's also bolt on to our video to people. okay, thank you very much for that. i want to come to you think, yeah. your hand was up before. my hope is that after this conversation and he's, we have representatives from each industry, right? that we go back and, you know, implement some of the ideas i, we've mentioned from changing our values systems to found as building products actually. so real problems to the government actually focusing on partner with the private sector so that they can extend the impact of their work and to, to mom

a better relationship so that i can, we can get better. i think that's where we will judge cotton's to day. thank you so much to our panelists for joining us. and maybe you were watching. you might not be from nigeria, but you may be facing the economy car times. tell us how you're coping and what you think can be done to make things better. i would like to hear from you. thank you so much for watching by a 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 the situation. for example, a new generation of talented 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 millionaire. cows 21. when i took and i crossed and for found the hostile, $2040000.00. in 6 months, 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, sim, 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 in the foreigner. now now i'm the ha, now for a lot of projects we have a lot of houses having a lot of cars. and he's not alone. researchers estimate that the nigerians involved in the forest trade now number in the hundreds of 1000 asoft 20 to 20 to one. we have what we had over 300000 to with the forest tree doesn't render. 70 percent of them are huge. if up for 6 percent of them are, we may many new 3 to learn at academies like this one for lack of gifts for freedom kind of flesh. you can actually get in. and julia was sharing his cube freely on youtube is what we differ famous. he often drops in for

hands on lessons with young people who pay to take the trading skills to the next level. i kimberly the mindset and wanted to caution out making monday and realistically it's not like that you need to study. you need to learn in the middle of last year. they have about have be and jeff 9, john guys that do 4 x does that. i stifle in them 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. why we knew that the agenda for us treat us. they are also fick investment tree does for us, and with me through them. 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 the drain. many, many, i've lost the life savings on the business of fake investment portfolios. even

jeffrey himself sees 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 frost curve dinner. but right people crush in time . yes. or like having a par bike, we hear about people crushing on the double par by, cars gordy, oscillation. i also got the break. so if you know when to apply a break, no into our player salary. sure. i don't think that's a risk. so it's one key was his greed uti personnel. you're driving speed. so if you're greedy with money, when you're supposed succeeded marquee 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 architect romantic, i took a 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 inventing a master of his craft. he's forced to find details that most people would miss up at always on the to her is 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 handles to overcome bazemore in all god, there is o 4. 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, both of us armed up and somebody will be up 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 one. 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 you face this is pushing back against increasing evans parole. but despite all, perhaps because of these challenges, remarried is clearly proud of his profession. although we are talking to her on us in some of 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 or dissolved and said, then agree on then. so to room, i took it well together when his clients to create that vision, his services don't come cheap. for those who for me, i did not choose remarried out. 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 beneath that article. i think one of them will look anamosa 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. when 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 remarked let the finish 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 listen 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 jangle, 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, indesign allison grannie to make clothes that would never drift unloved and unwonted. the textile industry. all contravir took her to fall, but st 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 at the patrol saw is how we started 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 models mode. granite aims for sustainable fashion from 1st thread to the catwalk. i actually thought it environmental engineering and very passionate, in fact shown, i decided to look how this tool could merge together. so i found that my brand and every day 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 fracture which is to cut down with our we have started with text i with the no waste factory, literally uses textile off cats from other tailors, sandra m, o volunteers. so i just want picking up the wrist

for the $10.00 a year at the remaining farm is sent out to brandon. the read them so the gun transformed the with so useful materials this wis people ticket undine haunt pulling literally a romance are trying to set up or gentlemen just edelman couple rashawn. so that's one more to be a day. me to be a one until august factory, so we can use the read on transforming beautiful products that i'm you stuck on stuck on showcase, african materials. i forgot to run you short on. i've gone through them. but what would recycled classic textiles be without some super stylish new designs based on bespoke art that's in touch with traditional could tour, ah, enter surge. zoe, just one of a number of artists with whom muggles mode collaborates to give from guanine creations a truly communion touch. my odds are usually good people buying it. i'll put you on the walls to see you on the 14th to see somebody actually when it's gone and

o is the perfect dress. oh, wrapped is more than just a garment. it tells a story and includes something in tangibly important to each new customer freshness and language. so i think the story lines are the most important thing you could do to make tradition of enjoyable. again. with any luck, linda 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 parts 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 am eddie micah? julia, thanks for sharing your time with me and see you soon. i'm done with everybody was money, money, even with

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