we put that to the test and what else does it have to offer? read? in 60 minutes on d, w a, she's got any issues with what they will grade. he will be able to do 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 worth 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. in our street debate flows drucquer i asked my jillions how the coping do and economy prices and in lega, 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 is not left out. so many people are 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 a 10 times more taxi 1st just to run from this a carton of cigarettes and only makes overruns, are put up the no credit burner because people resort to buy no credit from all cleaners to security guards. if 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 by more south

africans are turning to the informal economy, which is neither taxed nor 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 into informal sector businesses here provide about 850000 paid 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. sell them 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 your license said t fee. kate, we keep it here, and then we 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. i just 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 of 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 attaining financial stability? on the 77 percent st debates, mike lee flows throughout, spoke to young entrepreneurs, trying to build their lives and businesses against all odds. a welcome to

a buddha named jerry asked capital. 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 the 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, buddha, can you just explain to us what you do and how you started business? a i started a corner business. i see copa that was during cove eat in 2020 in bodies of state. and it was due to the ojo seen so many an id and graduates doing nothing at the end of year in way css ice. would i decided 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, how 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, an aftermath of, 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 up a visa properties you out of up to get out of these on unemployment issue recruited

ski opposition programs. on one of these, these are good. i got rent what i get to get there. oh no. to get it there. we go, if you want, if you are class gills, maybe as a carpenter, and miss henry, a plumber, electrical engineer, automobile and julia, all in the hospitality treats all of this. we give you a 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 operations are youths. and you're talking about training, just 1500000. this is, is, is very unfair and there's no way i can sure would drive me such kind of numbers. so i'm a humanity when i walk in times of eradicating hunger,

food insecurity and the type of home that, that is in this country right now. it's not, it's on a much nipple fiano doing. they know of an issue rise up to that responsibility. we sal calling you or no. do you agree with that? yeah, i quite agree with him because 1.5 milan is jaws a like a little drop in the ocean. so better, i don't know if i tell you how much you are spending on this program on monday business. if you have one belonged, a beneficiaries. i did to 1000 that. how much does that belong era every month? thank you mr. alcohol. as i admitted that the government needs to do more sci fi, i your to respond to that. who are the people that actually by taking a dispute? because you that really needed to be honest, i don't think you're aware because, but of already not a book he wants support to look at it, i sense. so they'll kill as one partner with a gulf mensray to give voice these nuclear. i 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 who knows room. so somebody will bring 50 people from joe, bring them together, train them, other train, and send them back to just. and then after we seen, you kind of going to raise the people that hadn't been trained. okay, cynthia, i was raised in about serious issues. mr. alcoa, do you want to respond to that respond to the better, right? you have vertical or it is what has been happening before. i give you 1500000. we have a database. what is one point? 5? we don't just got off. you know, you're not just local, i'm going to give you specific numbers. i'll direct you. 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're done with the debate, but whose responsibility is it to help you solve this economic problem is it does is sorely rest on the government, or is there a way that we can all come together to solve the problem? erica. okay, so do you responsibly see for sustainable development and growth,

financial side to release not only under governments, but also in the private sector also, or the non governmental d and jewels. and do you see esl, but it's really crucial. i would look, it was over there, access, it was our value system. what do we ask? people who are very suckers are? are we hoarding account of those people who are receiving much forms to do the right thing or we are just add minder typing. it also bolt on to our video people. ok, thank you very much for that. i want to come to you think, yeah, you're 100 up before. my hope is that after this conversation we have representatives from each industry right? that we go back and implement some of the ideas that we've mentioned from changing value systems to found as do the product actually. so the real problems to the government actually focusing on partners with the private sector so that they can extend the impact of their work and to more

a better relationship so that i couldn't become get better. i think that's why we would, because today thank you so much to pine, at least for joining us. and maybe you watching. you might not be from nigeria, but you might be facing the court on time. tell us how you're coping, and what do you think can be done to make things that i would like to hear from you . thank you so much for watching. bye. 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, i was good to hear from young people with themselves on what can be done to better their situation. for example, a new generation of talent had 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 coast $21.00. when i took and i crossed and for found the us with turner $40000.00 and $6.00 met 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, is it 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 in will you treat your engineering business? does work for a student is now my routine. everything i just flipped from someone who could even barely buy a on a time and a foreigner now now i'm the ha, now for a lot of projects, we hardly 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 1000th of soft 20 to 20 to one. we have what we had of what 300000 to with the forestry doesn't render. 70 percent of them are youths. if up what 6 percent of them are women? many new traders land academies like this one. this toby food for lack of give sure freedom kind of last time. you can actually get in manchuria was sharing his cute, freely on youtube is what made geoffrey famous. he often drops in full handling lessons with the young people who pay to take the trading skills to the next level

. i kimberly the maya said a month or 2 caching out making money. and realistically, it's more like that. you need to study, you need to learn in the middle of last year. i say hannibal javion, jeff, no 9 john guys that do for exam. because i say for him while you're watching the video and if they believe in me again, because prior to that i was thinking, i don't know any niger and i before street us. so i was skeptical, while few have made fortunes in the business. it's not without risks why we knew that the gin knew for a trade out. there also fick investment, trade, forest investment through the will use your opportunity of the online marketing mechanisms to law. also specs in subscribers on spectrum that you're investing at in one and end. it goes down the green. many, many i've lost yeah. life savings on the business of fake investment portfolio.

even jeffrey himself sees reporting cameras in impersonators in the comments sections of his videos is a daily chore. but he insists that the risks of legitimate for ex trading are ultimately manageable. i don't think i think as risk that you can control is not high risk in a sense. i just like having a lumber guinea for id, so fast car there nobody. right. people crush in time. yes. or like hardness a par bike. we have, are people prussian, on the double part because gord, yes, solution. i also go the break. so if you know when to apply a break noise player, so there isn't, i don't think that's a risk. so it's one q is greeted you depressed, and you're driving speed. so if you're greedy with money, when you're supposed to exceed marquee i used to keep holding, then that's when q. well, you know, they say being greedy with money is 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 i contact romantic, i talk 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 in advance for all 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 a toolkit. back in 2013, the young architect founded his own firm in perry, in 2017 room arik moved back to his hometown, could to noon, inventing a master of his craft. he swats to fine details that most people would miss. papa boys ought to horizontal 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 world. his aim, belden and africa for the 21st century, but he says there are still a few aesthetic handles to overcome bazemore in all god, there is all is well, unfortunately, we still have visible phone and electricity lines yet not ones which run under ground. you can see behind me that they are lots of polls 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 was either some stuff and some little bit up again, remarked reluctantly admits he's not a fan of local architecture, but he's also quick to point out the african continent diversity in building style . 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 he faced, this is pushing back against increase in urban sprawl. but despite all perhaps because of these challenges, remarried is clearly proud of his profession. over yesterday on us is one of them i would say being an architect in africa today, and particularly daneen 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, not the job. what are you a bond of dissolved and said that agree? and then so to remind i took it well together when his clients to create division, his services don't come cheap loosely for me. i did not choose romero r t ok for nothing. i already know that remark ok knows what he's doing and that

he's good with this in 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 were look, anamosa grew up about noon. okay. 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. they fail to see the value of the architect because an architect, he thinks he creates, but he is an artist. he could. so notice at the end of the day remarked let the finish products speak for themselves. oh that some really cool stop, 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. a 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 communion design, allison grannie, to make clothes that would never drift unloved and unwanted. the textile industry. all contravir took her to fall, put st. of michael plastics and i think it is a big issue is one of them was polluted industries and a while i think the 2nd industry at the patrol. so if i was 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 started and i may, so as you go in 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 fraction, which is to cut down with our we have started with text. i was no waste factory, literally uses textile off cats from other tailors, sondra emma volunteers. so i just want picking up the rest room, the 10 was on me a year at the remaining farm is sent out, but no,

he deemed so the gun transformed the whizzes so useful materials this with people take it on the potent pulling lids. the romans are trying to set up or are trying to reduce ever been couple rashawn. so that's one more to be to me, be a one until august factory. so we can use the, we've had a transforming from your to footnote that i'm, you stuck on stuck on shore keys, africa, marcia. i forgot to run you short on i've come from them. but what would recycled? classic textiles be without some super stylish new designs based on bespoke i'd that's in touch with traditional could tour. ah, enter search is zoe. just one of a number of artists with whom micros mode collaborates to different one is creations. a truly communion touch? my odds are usually people buying it and put you on the walls. so new on beautiful philly to see somebody actually when it's gone. and o is the perfect dress. oh,

wrapped. it's 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 traditional of enjoyable. again. with any luck, limber speech will soon be known as a site for showcasing sustainable style, rather than forgotten textile racks. good job lim, bay, 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 junior? thanks for sharing your time with me and see you soon. i'm done with

blue. ah, ah. ah.

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and what else does it have to offer? read? in 30 minutes on d. w. o . r flying rivers formed by hey waterfalls. perspiring trees or c evaporation during forest fires. like if i don't get the answer and i'll jump away by invisible river that flows through the sky. starts march 23rd on d, w. ah, ah.

guardians of truth, my name is john dinner and i have paid almost every price of being a journalist in a country like to a key taking on the powers that be they risked everything. john dunbar asks activists, journalists and politicians living in exile with too much on my shoulders. but i have to hold this weight because i'm responsible for the future of our country for the people who are behind the past. they look for their mission. people need to

know what is happening in our series guardians of truth watch know on youtube. d. w documentary with this is dw news live from berlin. vladimir putin visits occupied mariel. paul image is released by the kremlin to appear to show the russian leader in the ukrainian city which russian forces captured in may. this comes after an arrest warrant is issued against him for alleged war crimes committed unoccupied ukraine.