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Nigeria’s Inflation Hits 22.79% As Food Prices Rise - Politics (2) - Nairaland

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Consumers Lament As Food Prices Rise 30% In Eight States / February 2021 Inflation Rate Rises To 17.33% As Food Inflation Jumps To 21.79% / FG Owes 79% Of N20tr Domestic Debts, As Lagos Leads States (2) (3) (4)

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Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Racoon(m): 2:04pm On Jul 17, 2023
Meanwhile, Tinubu government is sharing a miserable 8k palliatives to a so called 12M ghost citizens

3 Likes 1 Share

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Confirm4real(m): 2:04pm On Jul 17, 2023
I know APC supporters will be regretting now...

6 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by viodemus: 2:05pm On Jul 17, 2023
emilokan with no useful brain.

2 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Angelfrost(m): 2:05pm On Jul 17, 2023
It's still low... It should hit 40% by September! lipsrsealed

2 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by EdiskyHarry: 2:06pm On Jul 17, 2023
22.41 is an understatement.

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by BigDawsNet: 2:06pm On Jul 17, 2023
But wait oh... wot is the agenda of this party?

To destroy d country? Abi cus we don't understand again

2 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Allisgud: 2:06pm On Jul 17, 2023
We thought tinubu have sense to tackle Nigeria issue,not knowing he is a buhari promax

6 Likes 1 Share

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by kingamaa(m): 2:07pm On Jul 17, 2023
Igboro ti daru

4 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by EdiskyHarry: 2:08pm On Jul 17, 2023
BAZ001:
I hope and pray we won’t start to be missing Buhari days
Jonathan days was better than Buhari
If Buhari days come better than Tinubu
Na him be say Nigeria don finish
Honestly.

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Acrofab: 2:08pm On Jul 17, 2023
.
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Akwamkpuruamu: 2:08pm On Jul 17, 2023
This inflation increase will favor me and my family

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Cti28(m): 2:10pm On Jul 17, 2023
verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.
Re-read what you wrote, re-read it again then look at yourself in the mirror.

3 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by erico2k2(m): 2:11pm On Jul 17, 2023
verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.
U still dey get hope ahah I love you enthusiasm grin grin grin

2 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Goodman2023: 2:13pm On Jul 17, 2023
The inflation will favor me and my family

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by SeriouslySense(m): 2:13pm On Jul 17, 2023
cry cry give me a basket, i need to cry. This is Super story, super story, super stolen.

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by verybadmouth(m): 2:14pm On Jul 17, 2023
Cti28:

Re-read what you wrote, re-read it again then look at yourself in the mirror.
I'm a farmer bro.

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Djbme: 2:15pm On Jul 17, 2023
Someone should please help me with work that can earn me 3k or above daily. @ Lagos preferably I can do any type of work please please I am totally depressed
whardy080@gmail.com
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by CodeTemplar: 2:17pm On Jul 17, 2023
SenatePresdo:
With the level of sufferings Tinubu has meted on Nigerians, permit me to tell you that i now miss Buhari.

In this Life never say never, whoever told me i would miss Buhari in less than 3 months after he's done, i would have cursed the person.

And this same man is saying if the court removes him, there would be anarchy?

E Be like say life don tire that Man.
The current hardship is to pay off debts used to build roads and rails to villages and Niger republic.
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by NOwazobia: 2:25pm On Jul 17, 2023
Tinubunomics. 🤣


Na ona dey suffer ona self ooo.

I don go collect APC card, and ever since I have been getting everything for free, and the ones I buy is at 80% discount. grin

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Blaze14k: 2:26pm On Jul 17, 2023
Agbado president want us to be patient with renewed shege.
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by anonymous1759(m): 2:27pm On Jul 17, 2023
sultanofpigs:
Thank God me and my family did not sing mandate Nonsense.

@helinus, is it true you buy fuel at #28/liter? I want to see if APC supporters and TINUBU Propaganda mizcreants have another market or fueling Station.

Do you know that any Military coup will be very welcome now?

APC and their supporters are the most useless people in that country
.

Military coup will start From your family and household nonsense.
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by HellVictorinho6(m): 2:28pm On Jul 17, 2023
sultanofpigs:
Thank God me and my family did not sing mandate Nonsense.

@helinus, is it true you buy fuel at #28/liter? I want to see if APC supporters and TINUBU Propaganda mizcreants have another market or fueling Station.

Do you know that any Military coup will be very welcome now?

APC and their supporters are the most useless people in that country
.
Enough of this rubbish!
Have u seen helineus face 2 face to conclude he is poor?

People like me that are fed up with all political parties don't believe in military nonsense either!

Only those already rich can ensure a a better leadership at the local,state and federal levels!
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by NOwazobia: 2:28pm On Jul 17, 2023
verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.
It is entirely negative, because all the so called farmers' wealth are drained off by the necessities they don't produce like transportation, housing, their kids fees and many others.

So, it is same.

1 Like

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by ConfidentialDoc: 2:29pm On Jul 17, 2023
SeriouslySense:
cry cry give me a basket, i need to cry. This is Super story, super story, super stolen.


grin
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Realguyman1(m): 2:29pm On Jul 17, 2023
verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.
Which kind yeye wealth for farmers? Most of u who doesn't know anything about farming are always the ones analysing things for the farmers.

Do u know how expensive employing the service of human and machine labour in crop farming is now? Do u know how expensive fertiliser is in the market now?

The animal farming is even worst, because the cost of feeding those animals and other maintenance is something else now.

If one is not extremely careful and calculative, one might end up having no single gain in farming business. Especially those who employ the services of machines and labourers in every aspect of their farming business.

5 Likes 1 Share

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by HellVictorinho6(m): 2:30pm On Jul 17, 2023
Djbme:
Someone should please help me with work that can earn me 3k or above daily. @ Lagos preferably I can do any type of work please please I am totally depressed
whardy080@gmail.com
u wont find it angry
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by ehikwe22: 2:30pm On Jul 17, 2023
verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.

Are you okay at all? Which farmers? The ones that Fulani herdsmen have chased out of their farms since 8 years ago or which ones?

Nigerians have always been peasant farmers and only few people farming on large scale but now even the peasant farmers and the few large scale farmers have been chased out of the bush

2 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by UNDFTD: 2:30pm On Jul 17, 2023
Nigeria’s real inflation rate is 52%, Steve Hanke claims
November 9, 2022


Steve H. Hanke, a Professor of Applied Economics at Johns Hopkins University, has claimed that Nigeria’s inflation rate is 52 percent, much higher than the figures being reported by the National Bureau of Statistics (NBS).

On Hanke’s Inflation Dashboard, Nigeria’s inflation rate is 52%, far above the 20.8% NBS figure for September 2022.

Hanke measured the inflation rate in Nigeria using high-frequency, free-market exchange-rate data in combination with Purchasing Power Parity (PPP) theory. The rapid depreciation of the naira in the black market was also factored into calculating the inflation rate.

The economic theory of PPP is commonly used to compare the economic health of countries. PPP measures are also used by global institutions such as the World Bank, United Nations, International Monetary Fund and European Union.

3 Likes

Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Danidinho4: 2:31pm On Jul 17, 2023
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Nobody: 2:32pm On Jul 17, 2023
BigDawsNet:
But wait oh... wot is the agenda of this party?

To destroy d country? Abi cus we don't understand again

No, To Eliminate and Displace Both America and China plus Russia as World Powergrin
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Nobody: 2:36pm On Jul 17, 2023
Realguyman1:
Which kind yeye wealth for farmers? Most of u who doesn't know anything about farming are always the ones analysing things for the farmers.

Do u know how expensive employing the service of human and machine labour in crop farming is now? Do u know how expensive fertiliser is in the market now?

The animal farming is even worst, because the cost of feeding those animals and other maintenance is something else now.

If one is not extremely careful and calculative, one might end up having no single gain in farming business. Especially those who employ the services of machines and labourers in every aspect of their farming business.
Re: Nigeria’s Inflation Hits 22.79% As Food Prices Rise by Nobody: 2:36pm On Jul 17, 2023
The best decision any Struggling SANE Nigerian can make now is to first of all distance his/herself from the Foolish People who abounds in that nation.

Then start finding every possible means to run away from that nation.

No matter how Useless a nation becomes, It will still be filled with a lot of Miscreants.

3 Likes 1 Share

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