24/02/2024
*TOP 25 LIKELY RISKS BEFORE NIGERIA IN 2024*
*1. Business closure:* Potential eventuality or threat of a business ceasing its operations permanently or temporarily.
*2. Job losses:* Individuals losing employment opportunities, due to economic downturns or organizational restructuring.
*3. Crime/theft:* Potential increase in criminal activities such as theft, fraud, violence, or cybercrime, leading to harm, loss, or disruption to individuals or organizations.
*4. MNC divestiture:* Likelihood of large corporations or multinational companies withdrawing their investments, operations, or assets from the country.
*5. $1 to N2,000:* Continued significant impact on the Naira, up to a USD exchanging for N2,000 before June 2024.
*6. Fuel price hike:* Further increase in the cost of fuel, which can impact transportation costs, production expenses, and consumer prices, potentially leading to economic hardship.
*7. Inflation:* The consumer price index may continue its downward spiral, increasing to 35% by H1 2024.
*8. Protests/Social unrest:* There may be public demonstrations, strikes or civil disturbances resulting resulting from grievances or dissatisfaction with government policies, social inequalities, and economic hardships.
*9. Debt crisis:* The country may be pressured to result into borrowing in other to meet and financial obligations.
*10. Health implications:* Citizens may be affected mentally and outweighed by their inability to afford basic medical supplies or consumables when required.
*11. Family disorientation:* Breakdown in family relationships or structures, which may result in emotional distress, social dysfunction, or negative outcomes for individuals, communities, and the Nation at large.
*12. Out of school crisis:* Private schools may hike school fees to meet operational challenges and this may result in children staying out of school if parents are unable to afford the fees.
*13. Famine:* Threat of widespread and severe food shortages l
