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There are always underground movements, and while most are always more of some illegal activities, some are Vice. For instance, you may feel the Earth worm is doing nothing because you care less or know nothing about decomposition. In the absence of these earth eaters, we would be seeing big environmental concerns.
Looking away from that, we will be looking at an overall economic transaction that adds up. Internet existence have brought in enormous opportunities. Someone not stepping out daily for a white collar job or owning a physical business outlet doesn't mean he is far from transactions.
Many make their money online daily, weekly, monthly depending. I feel the need for more online activities especially for underdeveloped and developing countries. I was looking through one of such economic terms although it has been in my archives for a while it was worth revisiting. The success of every business is ascertained after overall calculations.
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This was one of the things I discussed in yesterday's article, how I miscalculated a deal and I had to settle for an inconvenient profit. Ok, it was not a complete loss, nevertheless, I have learned to be bolder in negotiations.
Net economic inflow entails the amount of foreign currency entering or leaving a country’s economy. At least we ALL know transactions always move the direction of value. A good NEI entails more inflow outpacing the outflows after a total monthly or yearly calculation. I was also looking at the situations of our economy and the results seem great.
Q4 of 2024 saw such FX net inflow nearing $17 billion driven by foreign investment and remittances. I don't know how factual we can stick to this data but that's the available data. Adding to that, 2025 has also been very encouraging signaling a positive growth in terms of foreign investments.
In short, it surpasses the International Monetary funds predictions by nearly 1% overall economic growth. By released analysis it was a final 4.17% against the predicted 3.2% growth.
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My focus is how internet activities are helping spur this assumed growth. Youths are rendering underground help to our economy. I am looking at how the activities of traders, online investors and writers, content creators, online tutoring and affiliate marketing add up. It has in the process pull in substantial foreign value. We are talking of transactional inflows here and there is a a massive sum of it.
How many Nigerians use the internet? Research keeps this at numbers exceeding 154 million people. This doesn't mean these exact figures stay in profiting activities but if we take out 20% from these figures who are able to attract foreign transactions it is indeed a big inflow to the economy.
To conclude, let me add, there are so many internet activities that are helping to boost up the Nigerian economy. Drawing in foreign currency in short has been what has helped many to sustain their standards of living. It has helped many also to establish their own businesses within the country's boundaries, steering up internal economic growth. As I earlier said, some underground figures add up.
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