Antoeni:
Golden Penny Spaghetti Is Now N730

ogododo:


https://punchng.com/inflation-to-hit-30-by-dec-kpmg/

LeeSantos:
I haven’t heard of a country that numbers are so useless like this country. Every positive stats predicted change to negative before the day or week ends.

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

nedu666:



Golden penny that was 150 in 2014. Kai buhari damaged Nigeria badly. I will advise flour Mills to introduce the mini version long and mini compressed version small. If things don't improve then should produce sapa version

Kenochi:
Economics 101: Refine your crude oil and stop importation of petrol,diesel and aviation fuel/kerosene

If those in government are expecting anything apart from this to reduce inflation,then they need to go back to school and question their certificate
Force NNPCL to supply crude oil to Dangote and all other modular refineries and conserve your foreign exchange.This is the only short term measure to stop this galloping inflation
The cost of production is very high as we run a Diesel Economy, our Electricity is kaput and we rely on Diesel to power our industries

ogododo:


https://punchng.com/inflation-to-hit-30-by-dec-kpmg/

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

omowolewa:
Kpmg, bring solutions not problems

RepoMan007:
Lol. It is a worldwide challenge.

nedu666:
Nigeria inflation is over 100%. Check the prices of goods at November 2022 and check the prices in November 2023, it's over 100%

omowolewa:
Kpmg, bring solutions not problems

This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation. the boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. the depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. in some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty[/b]

ArcSEMPECJ:


Thanks alot abeg, I wonder what they meant by 30%.....
iF a good am buying at #350 as of NoV 2022 is now sold at #1500…..
Then we have above 100% increase in inflation....
Let's not go back to 2014 before this evil Government came to snatch power....

Kenochi:
Economics 101: Refine your crude oil and stop importation of petrol,diesel and aviation fuel/kerosene

If those in government are expecting anything apart from this to reduce inflation,then they need to go back to school and question their certificate
Force NNPCL to supply crude oil to Dangote and all other modular refineries and conserve your foreign exchange.This is the only short term measure to stop this galloping inflation
The cost of production is very high as we run a Diesel Economy, our Electricity is kaput and we rely on Diesel to power our industries

kettykin:
I gave this projection some time around September that the inflation rate of 30% and one ignorant fellow was busy dragging me in this forum.


I hate to say this but south east states should have buffers and very scalable options because the inflation rate will get to 50% before December.

The inflation rate is being driven by ineptitude, cluelessness, ignorance, docility and gross laxity on the ruling APC . There is no Economist in the government, from the president to minister of finance to CBN governor,non is a first class world class Economist .

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