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Qaagi - Book of Why

Causes

Effects

1 29 Business Oil DependenceCausedNaira Devaluation-

The peril of continuous reduction or withdrawal of the foreign reservecan triggerdevaluation of naira

All necessary steps should be taken by Central Bankto preventdevaluation of the Naira

a desperate bidto preventnaira from devaluation

the implementation of flexible exchange rate policyhas resultedto naira devaluation

intervening heavily in the foreign exchange marketto preventdevaluation of the Naira

The persistent external pressure occasioned by the import - dependence of the Nigerian economyhas resultedin Naira devaluation

The high base impact from FX gains recorded in Q1:2015ledfollowing Naira devaluation

challenges with rising costs brought about by low oil pricetriggeredthe Naira devaluation

fuel scarcity - PPPRAcausedfuel scarcity - PPPRA

fuel scarcity - PPRA March 3rd , 2015causingfuel scarcity - PPRA March 3rd , 2015

importation issues – PPPRA 04 March 2015 , Sweetcrude , Abuja – The Nigerian National Petroleum Corporationcausedimportation issues – PPPRA 04 March 2015 , Sweetcrude , Abuja – The Nigerian National Petroleum Corporation

to a further spike in CPI inflation , which rose to a six - year high of 15.6 % incould leadto a further spike in CPI inflation , which rose to a six - year high of 15.6 % in

to a further spike in inflation , which rose to a six - year high of 15.6 per cent incould leadto a further spike in inflation , which rose to a six - year high of 15.6 per cent in

to hyper - inflation because when the import is higher , for the country that largely depends on importation , it would lead to increase in price of goodswould leadto hyper - inflation because when the import is higher , for the country that largely depends on importation , it would lead to increase in price of goods

to hyper - inflation because when the import is higher , for the country that largely depends on importation , importation would lead to increase in price of goodswould leadto hyper - inflation because when the import is higher , for the country that largely depends on importation , importation would lead to increase in price of goods

to hyperinflation because when the import is higher , for the country that largely depends on importation , it would lead to increase in price of goodswould leadto hyperinflation because when the import is higher , for the country that largely depends on importation , it would lead to increase in price of goods

an economic disaster for the country ... urging Buhari not to yield to pressure to devalue the currencycould triggeran economic disaster for the country ... urging Buhari not to yield to pressure to devalue the currency

Nigeria ’s Economy To Fall Into RecessionCausedNigeria ’s Economy To Fall Into Recession

300,000 tonnes(passive) triggered by300,000 tonnes

raw material inputs(passive) caused byraw material inputs

in more systemic crisis in the country and throw Nigerians into more economic hardshipwould resultin more systemic crisis in the country and throw Nigerians into more economic hardship

bridge dollar shortages(passive) caused bybridge dollar shortages

rising cost of consumer items and job losses(passive) caused byrising cost of consumer items and job losses

Nigerian citizens(passive) caused byNigerian citizens

Drugs & Essential CommoditiesCausingDrugs & Essential Commodities

to a chain of reactions , many of which may not have the appropriate resultswill leadto a chain of reactions , many of which may not have the appropriate results

forex - denominated loans(passive) caused byforex - denominated loans

in an unrealised exchange loss amounting to about N28 billionresultingin an unrealised exchange loss amounting to about N28 billion

in an un - realised exchange loss amounting to about N28 billion arising from dollar borrowings which at the first time of the devaluation consisted of USD310 million shareholder loans and USD85 million external loansresultingin an un - realised exchange loss amounting to about N28 billion arising from dollar borrowings which at the first time of the devaluation consisted of USD310 million shareholder loans and USD85 million external loans

to a consumer recession , a collapse in profits in companieswill leadto a consumer recession , a collapse in profits in companies

drug shortagecausingdrug shortage

in a 2:1 ratio instead of the 3:1 ratio that existed ( Naira : FCFA ) before the crashhas resultedin a 2:1 ratio instead of the 3:1 ratio that existed ( Naira : FCFA ) before the crash

more millionaire - exportersis creatingmore millionaire - exporters

the reduction in revenue(passive) caused bythe reduction in revenue

for instancehas ledfor instance

imported raw materials(passive) caused byimported raw materials

problems for contracts already awardedwill createproblems for contracts already awarded

17 % rise in cocoa price in one monthcauses17 % rise in cocoa price in one month

a profit(passive) was triggered bya profit

brand new cars(passive) caused bybrand new cars

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