GurlFriend:
A blog reader sent us this mail and picture





http://www.lailasblog.com/2016/02/greedy-nigerians-cashing-in-on-rising.html

Clone2020:
You call it greed and I call it capitalism. At the end of the day, the market determines the price. Maybe the cost of the plastic bottles used in storing the oil has increased? Maybe the cost of importing the processors used in separating the oil from the shaft has increased? When the economy tanks, it affects most sectors one way or another.

Krismart:
How can Nigeria produce when there is no electricity? Even petrol that Nigeria has is being imported

Koleman:
Hahaha. Even shoe cobblers and mai ruwa are adding prices. If you ask them, na dollar cause am.

debbie:
The price of bag of pure water in lagos has increased....please what is our problem in Nigeria? we are terrible opportunists.

debbie:
The price of bag of pure water in lagos has increased....please what is our problem in Nigeria? we are terrible opportunists.

enigma2007:


Then i look for a river or lagoon to swim in

GurlFriend:
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http://www.lailasblog.com/2016/02/greedy-nigerians-cashing-in-on-rising.html

lifestyle1:
Still, Nigeria will be great again.

tobiasbeecher:
The writer who wrote this is not too savvy as to how the economy works. Though not an economist, but my elementary knowledge of economics tells me that there is what they call the multiplier effect! The multiplier effect is a concept in economics that describes how an injection into an economy, such as an increase in government spending, creates a ripple effect which increases employment and the output of goods and services in the economy. So vice versa, if there is an increase in the price of dollars (which has been the major currency in most of our business transactions), the resultant effect will be an increase in prices of virtually every commodity in Nigeria. The writer failed to understand that the woman palm oil seller has to transport the said oil to the urban market and probably the transporter must have increased the price of his fares because the last time he went to change his tyres and fuel pump, he has to buy them at 20% price increase because the dealer has to increase price because of scarcity of dollars. This goes around and happens in virtually all sectors of the economy. So the woman palm oil seller may not be wrong after all!

Clone2020:
You call it greed and I call it capitalism. At the end of the day, the market determines the price. Maybe the cost of the plastic bottles used in storing the oil has increased? Maybe the cost of importing the processors used in separating the oil from the shaft has increased? When the economy tanks, it affects most sectors one way or another.

Clone2020:



You call it greed but no none forced you to buy that goat milk from that particular vendor. It's likely he's the only goat milk seller in the area. Without competition, every business man or woman would try to make gazillion percent profit. If he's price is too high, why are you patronizing him??

GurlFriend:
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http://www.lailasblog.com/2016/02/greedy-nigerians-cashing-in-on-rising.html

honeric01:


Sorry o but what exactly are the items related to dollars the people in the rural area buy (where most foodstuffs come from)?

Let's keep deceiving ourselves with long grammar.

honeric01:


Sorry o but what exactly are the items related to dollars the people in the rural area buy (where most foodstuffs come from)?

Let's keep deceiving ourselves with long grammar.

PLANETMARS:
ur blog reader Is a goat why won't the price of the local oil go up? she should sell at normal rate won't she buy other goods that the pricce hhas sky rocketed? bros tink am na

Truckpusher:
Was Nigeria ever great ? When did this greatness take place please?

tensazangetsu:

Was Nigeria ever great?

dominique:
A lot of stores are taking advantage of the the exchange rate to hike the price of items they had in stock months before the dollars rise



I don't want to believe that this really happened.

ogawisdom:


Dt woman is very right, before now she can buy pressing iron for 4500 but now it is 6000 hw can she survive. Op u r jst an idi.ot nt to understand y her palm oil even though locally made should added serious money BC of dollar rise. Dt woman answered u but ur blocked head can't understand she said n I quote everything has added money BC of dollar rise, do u think she doesn't use her money to buy other things in d market

kaybee88:
must you insult before you make your point? Too childish

lifestyle1:


Yes.