Are you looking for job? Are you sure you can weather the storm? Can you sell ice in Iceland? Are you sure you really need a job? Are you that hungry? Have you contemplated returning to the village or committing suicide? Do you still pay your tithe/offering? Are you tired of living in this country?

Brothers and sisters, the three eyed monster is staring at you right in the face at the moment. This Credit Crunch period is staring at everyone in the face and people wake up every morning not sure of the kind of drama set to unfold in the office today. Good morning is now just “morning” and goodbye is now let’s see what happens tomorrow. Are people now living in fear? Or is the world finally coming to an end? Many are fast seeing Obama and his mission of Hope as the much expected Anti-Christ and the world has never found itself in such a dire need for a saviour than now. Everyone wants to put this period behind them, but how?

There are two sides of the story, people suffering and people living large. You should know that someone stands to gain something from this or better still, some people put us in this tight situation… and like the one who invented HIV, may no longer be cool with this gameplan. Is it backfiring like a two edged sword and a boomerang?

Throughout 2008, Nigeria watched as the whole world screamed out in pain of the crunch but towards the end of the year, the country began feeling the impact. Last year was the mortgage year from cars to electronics, real estate and education but nowadays more and more people are becoming reluctant to taking loans. People are losing jobs and “current” salary accounts meant to stand as sureties either in form of post-dated cheques or direct debit are no longer sure. A top bank recently ordered all banks to “secretly” submit the names of 5 individuals (per branch) to be laid off in order to cut the wage bill. Besides security, luxury projects such as beautification, IP Telephony, Contact Centres, Equipment upgrade e.t.c. are being put on hold by most companies. It is only a matter of time before Nigerian companies will begin to file for bankruptcy (Like Telecom OEM, Nortel Canada did). And if you are thinking of taking a loan right now, you better watch out. Those who took loans at 17% (for 36 months) have been notified to start paying 24% as from the month of March e.g. First Bank. Stanbic IBTC are claiming 22% but the fact remains that interest rates have skyrocketed and banks are trying hard to cut losses. Watch out for quarterly reports.

I have to run now, I would say if we get out of this situation soon then many “wise” ones are likely to be rich for a very long time. Now is the time to start investing in things that will likely appreciate after this era. Credit crunch sounds like something to munch but it isn’t that crunchy. The only job vacancy right now is you thinking with your head and educating yourself in the direction of the crunch, lest you find yourself crumbling at the monster’s feet at turbo speed, albeit unplanned.

Peace.

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