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Inflation: What Is Happening Pls? - Food (7) - Nairaland

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Food Inflation Rises To 21.79% In February 2021 (Highest In 15 Years) / Food Inflation In Nigeria / Food Inflation Jumps To 14.09% In Nigeria (2) (3) (4)

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Re: Inflation: What Is Happening Pls? by Sakamaje: 4:25pm On Jul 21
skywalker240:

All of us cannot japa, but it doesn't change the fact that the highly unfriendly government policies will never favor those who have doubled or those who are intending to double their hustle

Maybe your time at Yankee was not favorable unlike now, in that case you should count yourself lucky (which is rear in this administration)


Like I said, to each his own. No need for long talk. Buhari will not be president forever. And even if worse than Buhari comes, some of us are built to survive any weather. You are free to japa bro, it's a free world and I wish you all the best in that regard. But as for me personally, we die here.

4 Likes

Re: Inflation: What Is Happening Pls? by 9jaPromo(f): 4:51pm On Jul 21
Princeoflagos oya come...... ur predators are looking for you....... cry just one day I mean one day
Re: Inflation: What Is Happening Pls? by 9jaPromo(f): 4:54pm On Jul 21
dmbb:
This is a misleading write up, I can clearly read your mind. Pls take your tribalism and sentiment out of this forum. It's clear that you are an Ipob PDP jingoist

Oga things are costly........ you sound like broom member mtcheew
Re: Inflation: What Is Happening Pls? by snowball11(m): 5:00pm On Jul 21
dmbb:
This is a misleading write up, I can clearly read your mind. Pls take your tribalism and sentiment out of this forum. It's clear that you are an Ipob PDP jingoist



Shut your trump of a mouth if you have got no answers to his questions! undecided

Every reasoning person who thinks differently from your lots of failed Buhari hailers is automatically an ipob/PDP loyalist!

Idiots! undecided
Re: Inflation: What Is Happening Pls? by Ovis1302(m): 5:07pm On Jul 21
Ola17:


5; oil has been trading for $70 and above for long.

9; are you for real? Wetin concern inflation and immortality

High immorality?

Immorality in my own view is doing what is not moral.
Government officials/public servants/ civil servants embezzling monies meant for the socio-economic development of Nigerians is immoral. And this immorality is rife in this our space.
Re: Inflation: What Is Happening Pls? by Ola17: 5:11pm On Jul 21
Ovis1302:


High immorality?

Immorality in my own view is doing what is not moral.
Government officials/public servants/ civil servants embezzling monies meant for the socio-economic development of Nigerians is immoral. And this immorality is rife in this our space.

Wouldn't corruption be a better term for it? I doubt if anyone can charged be to court on the grounds of immorality as that term is relative.
Re: Inflation: What Is Happening Pls? by Ovis1302(m): 5:17pm On Jul 21
Ola17:


Wouldn't corruption be a better term for it? I doubt if anyone can charged to court on the grounds of immortality as that term is relative.

If it should be an exam, I would state corruption instead of immorality.

1 Like

Re: Inflation: What Is Happening Pls? by Amiteye(m): 5:20pm On Jul 21
rod increased by a hundred and eighty percent since the last three years . How do we build without getting broke and hungryrod increased by a hundred and eighty percent since the last three years . How do we build without getting broke and hungryrod increased by a hundred and eighty percent since the last three years . How do we build without getting broke and hungry
Re: Inflation: What Is Happening Pls? by sammyj: 5:24pm On Jul 21
Ooo I see. Thanks
vcente:
i know, but insecurity isn't something that you wave a magic wand. For it to go away. Maybe on another thread thats related to insecurity i might make another contribution.
Re: Inflation: What Is Happening Pls? by DAMN99: 5:32pm On Jul 21
Regardless:
Buharinomics. We were shouting this thing since 2015 they didn't hear. We screamed it again in '19, same thing.

Enjoy.
There is nothing like tribalism here. He is stating the fact
Re: Inflation: What Is Happening Pls? by Joysticks(m): 5:32pm On Jul 21
Sonnobax15:
lipsrsealed
No be Buhari be the cause of every problem wey dey face Nigerians... Sometimes,we really need to be factual and be honest with ourselves....An average Nigerian sees any slight opportunity as a way to exploit his fellow Nigerians....Abi na Buhari dey sell flour? Na Buhari dey sell cement? undecided
Abi na Buhari dey process cassava?

An average Nigerian like I said has the interest of the devil himself in his heart than that of his fellow Nigerian..
The running cost of businesses create an increase in the price of goods.Dollar exchange rate has increase.Business owners need the dollar to source for raw materials abroad to run their businesses.Buhari"s government has increased VAT which has also affect the price of goods.Fuel price has increased.Business owners need fuel to run their business as well.Insecurity across the country has also affect the price of goods.You are saying buhari is not the cause.Who is?Do you also remember that Buhari had said he would take a very harsh decision that would affect Nigerians?Maybe you live in aso rock where all expenses are being paid through paid purse.
Re: Inflation: What Is Happening Pls? by Trustworthiness: 6:08pm On Jul 21
2023 politics has began. So, fasten your seatbelt
Re: Inflation: What Is Happening Pls? by Gfskw: 6:16pm On Jul 21
Oh
Re: Inflation: What Is Happening Pls? by kushme: 6:55pm On Jul 21
InsideLove:
Hardship in the country has reached all time high. It has never been like this before you. What my mum told me. Seems like just ending this life is the surest smartest way of escaping this unbearable hardship.


Wetin mumcy tell you?
Re: Inflation: What Is Happening Pls? by mexbee1(m): 7:47pm On Jul 21
ProJectAnatot:
The rate of inflation of general commodities especially food items is alarming to me angry. I have been in the southeastern part of the country since the end of January and some commodities like bread, soft drinks and even food have inflated by up to 50% since January. Please I am really confused about this situation.
And also surprisingly no one is talking about it..
Economists and analysts in the house is there any particular reason for this fast inflation... Is it oil?, naira? Incompetence? Or even corruption? Fulani herdsmen? flood? I am really being sincere with my question!

Good afternoon.


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Re: Inflation: What Is Happening Pls? by CoolAmbience(m): 8:17pm On Jul 21
ProJectAnatot:
The rate of inflation of general commodities especially food items is alarming to me angry. I have been in the southeastern part of the country since the end of January and some commodities like bread, soft drinks and even food have inflated by up to 50% since January. Please I am really confused about this situation.
And also surprisingly no one is talking about it..
Economists and analysts in the house is there any particular reason for this fast inflation... Is it oil?, naira? Incompetence? Or even corruption? Fulani herdsmen? flood? I am really being sincere with my question!

Good afternoon.


There is nothing rocket science about understanding the reason for the high costs of commodities in Nigeria, and elsewhere.

The global economic lockdown occasioned by Covid-19 is chiefly responsible for all of it.

Only a child would downplay the implication of shutting down the world's economy for several months. What do we expect? That everything will just bounce back overnight after several months of lockdown?
Re: Inflation: What Is Happening Pls? by TalkingBird: 8:18pm On Jul 21
The beginning.

Everybody is feeling sting of hardship.

Until everyone cries out.
Re: Inflation: What Is Happening Pls? by lereinter(m): 9:12pm On Jul 21
buhari has come to steal,kill and destroy


Move closer to God, He is the only comforter
Re: Inflation: What Is Happening Pls? by TalkingBird: 9:36pm On Jul 21
First - Past government caused it

Now its COViD-19 economic melt down

Soon we are all we realize it is has been said that it will be and human can change it
Re: Inflation: What Is Happening Pls? by ProJectAnatot(m): 10:31pm On Jul 21
CoolAmbience:



There is nothing rocket science about understanding the reason for the high costs of commodities in Nigeria, and elsewhere.

The global economic lockdown occasioned by Covid-19 is chiefly responsible for all of it.

Only a child would downplay the implication of shutting down the world's economy for several months. What do we expect? That everything will just bounce back overnight after several months of lockdown?
And how many countries are having it this bad huh? We are talking of daily inflation here Mr.
Re: Inflation: What Is Happening Pls? by freshalien: 12:51am On Jul 22
Regardless:
Buharinomics. We were shouting this thing since 2015 they didn't hear. We screamed it again in '19, same thing.

Enjoy.

Why will they hear you when they were Sai baba’ing and Atikulating? Look at credibility, competence and track record of developmental achievements. No! Nigerians prefer to look at ethnic, religious and political affiliations instead. Well, we all reaping what has been sown.
Re: Inflation: What Is Happening Pls? by freshalien: 12:57am On Jul 22
dmbb:
This is a misleading write up, I can clearly read your mind. Pls take your tribalism and sentiment out of this forum. It's clear that you are an Ipob PDP jingoist

Wait! So it is not true that there is inflation and a rising cost of food prices in Nigeria? You get sense at all so?! Mr. Mind Reader, leave the messenger and focus on the message.
Re: Inflation: What Is Happening Pls? by calcal: 1:00am On Jul 22
BigDawsNet:
The World Poverty Clock shows Nigeria has overtaken India as the country with the most people living in extreme poverty

A shiithole country that produces 1,938,542.73 barrels per day undecided

In an actual sense, the zoo is getting about 60% of the money then, how do you survive with a population of over 200 m?
Re: Inflation: What Is Happening Pls? by freshalien: 1:03am On Jul 22
Tokskob2008:
God will deliver us from this government just like he did in 1998... The hunger is just too much, 10k foodstuffs can't even last a week anymore..

Sorry God cannot do for you what he has already given you the power to do for yourself. Having good leaders in power is in our hands, God would not do that for us. But when it comes to elections, instead of looking out for credibility, competence and track records of developmental achievements, you people prefer to vote for candidates based on ethnic, religious and political affiliations. This is the result you get, in competent idiiots ruling you. So lets all reap what the idiiotic majority of us sowed and hope we all make a better decision in 2023.
Re: Inflation: What Is Happening Pls? by freshalien: 1:08am On Jul 22
Temptee101:
shocked

Kanu and Igboho are the cause.

Igboho has been arrested, soon everything go normalize.

$1 will be equal to #1

Yep! Bandits, Fulani herdsmen and Boko Haram would all surrender their weapons and repent from their old ways immediately Kanu and Igboho are tried and jailed. Insecurity, poor education system, epileptic power sector, dead infrastructural system and corruption would all be a thing of the past immediately they are convicted. What a useless country!

1 Like

Re: Inflation: What Is Happening Pls? by freshalien: 1:11am On Jul 22
Sammy07:
grin


A Nairalander Cries Out grin grin grin grin grin

Laugh wan kill me here. The guy no fit hold am again, this country hard forget!
Re: Inflation: What Is Happening Pls? by eROCK247(m): 1:17am On Jul 22
Our problem is not analysis. What we have is an attitudinal problem and frankly, it'll take a miracle for our problems to subside.

1. We measure success solely by the amount of wealth one displays hence, people are desperate to flaunt wealth by spending. High expenditure implies high inflation rate.

2. Number 1 above would've been neutralised by investors producing more but unfortunately, we import most of our goods.

3. The government ordinarily can correct this anomaly by encouraging investors with tax holidays, subsidies on raw materials, etc. but these are capital intensive projects that will reduce income and won't give them immediate gains. So, they rather borrow, inflate budgets on shadow projects and spend the syphoned money on more foreign goods.

4. Insecurity means farmers can't go to farms and transporters have to avoid some roads. This leads to scarcity which in turn leads to higher prices...

I hope with these few points of mine I've been able to convince and not confuse you that the future of this country is bleak and requires prayer and hardwork.
Re: Inflation: What Is Happening Pls? by RealSleek(m): 2:46am On Jul 22
Activist001:

Hate has clogged your brain up with large cobwebs that you can't even think properly anymore and see beyond tribalism/bigotry for once in your life.

You're probably and ipob member and the op made it clear he lives in the south east. Has your hate for Nigeria turned you against your own brothers too? Mumu.

The country is getting hard for everybody and the faster we all unite the hold this government accountable for the hardships they've brought on Nigerians, the better.

It doesn't matter what you claim to be and how you see others. You need to eat and pay you bills in NIGERIA. If inflation keeps increasing at this rate, both you and the people you call "terrorists" will suffer the same fate. Hunger doesn't care about your ethnicity or religion neither does the bills.

And incase I forget, your ipob and oduduwa shit is dead on arrival incase you don't know, unless you live in some kind of fantasy Disney world.


well, you have a right to your opinions, and you have a right to be optimistic , but you have to respect the right of others to lose hope or be pessimistic..you dont have to insult anyone to make urself feel better.


you are talking about accountability..do you honestly think the nutters in power want to be held accountable.? the same people that set out live bullet gun wielding security agents on its own peaceful protesters. do you think they will allow any accountability..you can continue to live in your fool's paradise in your head by all means.. but live the rest of us who are tired and weak and who would like to reset. Nigeria is white man's creation...the oyibo that created pencil also create eraser..it should nt be a do or die affair..
Re: Inflation: What Is Happening Pls? by dmbb: 7:22am On Jul 22
freshalien:


Wait! So it is not true that there is inflation and a rising cost of food prices in Nigeria? You get sense at all so?! Mr. Mind Reader, leave the messenger and focus on the message.
"Economists and analysts in the house is there any particular reason for this fast inflation... Is it oil?, naira? Incompetence? Or even corruption? Fulani herdsmen? flood? I am really being sincere with my question!"
He is living in the East and he didn't mention Ipob the onions thieves as one of the possible reason but went ahead to mention incompetence, corruption and herdsmen as reason for inflation in the East where is living, is that not hypocrisy?
Re: Inflation: What Is Happening Pls? by pompeiimagnus: 8:37am On Jul 22
vcente:

solution
A stable country and economy leads to a stronger currency.

Solutions:
1. Focus on a viable economic plan (especially sectors with immense scalability prospects like technology and manufacturing). Create free trade zones across the nation, and attract foreign investments with 20 year zero taxation offers like Dangote allegedly enjoys. Toyota and Twitter chose to setup shop in Ghana for a reason. Innoson at Nnewi has the potential to start building electric cars if the right policies are in place.

2. Invest in infrastructure (although we are doing it wrongly by taking Chinese loans). This will be directly tied to solution 1. Foreign investors will partly fund this. Also, why hasn't the Nigerian government invested in sea ports at Rivers and Akwa Ibom? Politics of course

3. Cut down on government spending, especially on the National Assembly. The annual expenditure on 109 senators + 363 reps is overbearing. This one is almost impossible to implement anyway.

On a side note, do you know that the NNPC is taking a $2.5B loan to buy a 20% stake in Dangote's refinery? What happened with the plan of refurbishing the Port Harcourt and Warri Refineries to boost the countries local supply of Petroleum products? Simply because of politics - this is the only way the North can officially payback Dangote's initial investment in the refinery project.

https://www.thecable.ng/report-nnpc-mulls-2-5bn-loan-facility-for-stake-in-dangote-refinery/amp
Re: Inflation: What Is Happening Pls? by engrkaz(m): 9:33am On Jul 22
Swap the positions of m and the first b in ur monicker... Good

Replace the b with a U. Great!!

Read it out!!!

That’s what u are.
dmbb:
This is a misleading write up, I can clearly read your mind. Pls take your tribalism and sentiment out of this forum. It's clear that you are an Ipob PDP jingoist
Re: Inflation: What Is Happening Pls? by McBenedict(f): 10:54am On Jul 22
please how can i post an update on nairaland for others to read

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