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By Babajide E. Ikuyajolu Why scarcity, inflation, and uncertainty often grow faster through our reactions than through events When everyone rushes to react, no one remains to think. Speculation has quietly become the loudest force shaping our economy. It is the invisible hand behind the visible chaos, the reason prices rise before products even run out. In theory, speculation is about anticipating market movement. In practice, especially in Nigeria, it has evolved into a kind of collective panic, a reflex that moves faster than reason. Every action in the economy now meets an opposite, and often exaggerated, reaction. The market behaves less like a system of balance and more like a domino field of assumptions. Across industries, from real estate to retail, people enter business not out of deep understanding but imitation. They see others make money and join in, often armed with only one strategy: raise the price when everyone else does. Speculation feeds this. It whispers the same message to everyone: "If you don't charge more now, you'll lose out later." But this logic turns dangerous when it becomes culture. Take the shortlet industry, for example. Every December, there is a hike season. Even hosts with half-empty calendars raise their rates, not because demand justifies it, but because it’s a December ritual. Now, it is not wrong for shortlet owners to increase rates modestly during high-demand periods. In truth, December brings heavier facility use, higher electricity bills, maintenance, laundry, and wear on appliances. A reasonable markup is fair business logic. But what often happens is not a markup, it is a hike, detached from both demand and reality. An apartment that rarely fills up in September suddenly triples its rate in December, even if it still struggles for bookings. This kind of speculation pushes away the very customers that sustain the business long-term. If anything, pricing smartly and ensuring occupancy through the whole ember season would yield daily income equivalent to a solid monthly profit. Consistency, not desperation, is what sustains a market. Shortlets thrive on location, guest purpose, and duration of stay, not seasonal fantasy. When prices rise without logic, capable customers return to hotels. Ironically, many hotels are now blending into the shortlet model, creating apartment-style rooms to meet the home feel guests crave. That is not just market adjustment. It is market reaction. Speculation does not end there. It creeps into rent and property. Landlords hike prices simply because others are doing the same, even when their tenants remain capable of sustaining a reasonable markup. In Nigeria, one of the clearest examples is how landlords quickly increase rent simply because an access road has been tarred. While such developments are meant to improve quality of life, they are instantly monetized. What should be a shared civic gain becomes private leverage. Sometimes it feels as though a newly tarred road comes with two things: smoother driving and higher rent. Again, reaction overrides reasoning. An infrastructural improvement instantly becomes an excuse for speculation. This ripple now shapes how people live. In Lagos, many Central Business District workers who once lived in Ikeja have gradually moved outward to the fringes of Lagos State, settling in places such as Akute, Mowe, and Ikorodu. On the Island, a similar pattern is evident, with residents relocating from Lekki and Victoria Island to Sangotedo, Lakowe, Abijo, and even Epe. The irony is striking. The very workers who keep the city active now live farther from it, not by choice, but by the chain reaction of rising housing costs. Similar patterns appear elsewhere. Across major cities around the world, rising rents, short-term rentals, and speculative housing markets have gradually pushed workers farther from the economic centers they help sustain. Different cities. Different circumstances. The same reaction chain. Nothing captures this better than our fuel culture. A single headline, Fuel Price May Increase Tomorrow, spreads faster than the news of the next election. Suddenly, four filling stations shut down. The fifth stays open but doubles its price, just in case. Drivers queue. The rumor becomes real. Someone calls a friend: "Fuel don cost o!" Before evening, even those who were not planning to buy fuel rush to stock up. And just like that, the system creates the scarcity it feared. The fascinating part is that sometimes the queue arrives before the scarcity. This is not policy failure alone. It is a behavioral loop. The more we react to rumor, the more we strengthen it. The same pattern appears in food markets. A security incident disrupts farming activity somewhere. The incident itself is serious. But what follows is often a chain of reactions. Farmers reduce production. Transporters anticipate risk. Traders anticipate shortages. Consumers anticipate price increases. Middlemen anticipate opportunity. Everyone begins reacting to tomorrow. And before long, tomorrow's scarcity arrives today. This pattern is not unique to Nigeria. Across the world, people buy today because they fear tomorrow. Housing prices rise not only because of present demand, but because owners anticipate future demand. Markets regularly react to expectations long before reality arrives. Everywhere, fear has a habit of running ahead of facts. And when everyone reacts at once, balance disappears. The irony is that most people involved are not acting irrationally. The trader fears replacement costs. The landlord fears inflation. The consumer fears scarcity. The investor fears uncertainty. Each reaction makes sense in isolation. Together, they create the very outcome everyone is trying to avoid. Newton's law says every action has an equal and opposite reaction. In economics, the same principle often appears, except the reaction comes faster and hits harder. When traders inflate prices to hedge against uncertainty, they create the uncertainty they fear. When tenants rush to secure apartments before rents rise, they encourage landlords to raise rents faster. When governments announce reforms without carefully managing expectations, citizens react through hoarding, panic buying, and defensive behavior. The cycle repeats. At some point, it becomes difficult to tell who started what. The economy becomes an echo chamber, and even good news triggers anxiety. The biggest danger of speculative behavior is not inflation itself. It is the loss of patience. We have become a society that no longer waits for clarity before reacting. That impatience now defines not only traders and landlords, but governments and consumers. The state reacts to pressure. Citizens react to policy. Businesses react aggressively to perceived opportunity. Media reacts to uncertainty. Markets react to all of them. It is like tilting one side of a table. Everything else slides. Because economic events happen simultaneously, the reaction chain becomes increasingly difficult to control. A rumor in one market ripples across several others. You cannot manage a moving target, especially one that moves because of you. The antidote is not policy alone. It is patience. If every economic actor paused long enough to ask, "Is this response reasonable?" the market would regain a small degree of sanity. We cannot eliminate speculation entirely. But we can stop treating it as fate. Because the truth is that the more we react, the more we make things real. And sometimes, the best economic strategy is the courage to wait. ✦ A Slice of Pie (π = 22/7) ✦ essential fractions ✦
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This ur comment. I no get choice but to laugh emmafineboy: |
Happy new week guys. I pray you find favor in your endeavors this week. Amen |
Thanks for the comments, and for keeping the thread alive. Feel free to read my other insightful piece. https://www.nairaland.com/8611730/faces-follow-leadership-authority-lessons#138354248 |
It’s all good Samantha125: |
Sorry o bros. Abeg what’s the name of the app you downloaded. So we don’t make the same istake o. daylay7: |
It’s ok boss. You don try. As you no get evidence. Leave the matter. Make we face the lnguage issue Brendaniel: |
The narrative you’re pushing, implies you want her to take the blame for what’s happening to Nigerians in South Africa. She made her statement clear and every point she made didn’t support the killing. Her reference implies how the narrative is perceived and she informed you on the certain facts in South Africa from a Citizen of that country. This is a situation of dual perspective. No matter how the narrative is painted in Nigeria. Her point is, it’s not 100% as described in the media. Certain bad eggs just makes it easier for Good Nigerians to Thrive in that country. I tire for you o brother. Na she kill person ni Brendaniel: |
You are just saying the same thing without moving forward. She answered this your question over and over again. Brendaniel: |
Here is where I find your questions surprising. The fact that you’re asking such a question simply means you still don’t comprehend the context. And, the opportunity to have a conversation with a South African, you simply want to spring all the issues of that country through one person here. I never justified Killing of illegal Immigrant. However, their status is “Void Ab Initio” - their status is void from the beginning. They may be exposed to all sort of treatments included police pressure. I won’t indulge you if your next question is not related to the Topic. Brendaniel: |
Many people who learned Hausa found it easy. Ironically, there great local technicians in the North. They just need books. Not necessarily in English language. Hausa(physics etc). That would allow some groups in the north not to perceive pursuits of knowledge as BOKO haram. Major population in the North Engage with their local languages. However, the Language itself isn’t developed lawani: |
You’re tear bits of everything and just throwing it everywhere. It’s hard to follow your point. We First off, I am surprised that you as a Nigerian would pursue such a reverberated arguement. Samantha informs on “Nigerians” in SA activities. Based on the consistent pattern. It is generalized as who Nigerians are. If anyone enters a country illegally, he is not covered by the LAW of that country. If Society immediately deem you Thief regardless, by Law it is Justified. NO Legal ID etc. you just found yourself in a country, and you just want to integrate yourself like you just moved from the Bext street. Frankly, Samantha’s point to you is, If I may extend is, whatever stories you hear from Nigeria, may likely not to be entirely true. Especially when a South African listen to we describe it. And Samantha, this goes to you as well, Nigerians in South Africa do not represent the true character of Nigerians here. Here is why, once integrated into South Africa’s settings, they react to your economic and factors. They have to adapt and in doing so, some have to become the worst version of themselves in order to implicitly integrate themselves. Survival is a hard game. And likely, anyone could submit to the beast. Brendaniel: |
Both of you may likely be banned, because you deviated from the topic. Tribal matters of Nigeria is a Far deeper conversation. And no matter how much you think you know about Nigerians based on the population living in South Africa. It won’t do justice to ground your point with many Nigerian living in Nigeria. You opined based on experience, which cannot be ruled out, perhaps ignore equally. However, it’s best to let Tribal matter rest. I am more interested in knowing if there is a one language in SA that almost every South African could speak. And, a friend had an experience when another South African at the airport asked authoritatively, the attendant to speak English. Although fluent, her response however was, “English isn’t my first language”. The other South African apologize and spoke a local language. Samantha125: |
Does that make sense to Right now to you. You don’t want any other Nigerian language. Yet, a foreign language settles the score. Anyway, the system is already in place. Sustaining our cultural heritage is what matter most through our language. Beyond our aspiration. We have to communicate with our selves. Our essentials are tied. How about people who aren’t fluent while speaking English. IBB007: |
Nothing in life is static true. However, this instance, local languages not just Yoruba is not adequate integrated. The people who only know the language are rarely captured in structural development mandating the English language as a preliminary qualification of alignment. Local language is not completely erased. But slowly erased. OkanlawonB: |
On brighter side. a name could be anything. However, I see your point. We don’t have to abolish English. It’s already integrated. We just need to align local languages gradually bong4: |
Happy new week guys |
How this kind thing no go happen for school wey dem Name Ta Si An in Yoruba it means Make We Relate. It’s a shameful thing. No offense but I can never allow my child go to a religious school. Prestar: |
He is clinging on to Mayor of Ekiti dream temitope66: |
You touched a critical story. But ambiguity made your story stale. I am still struggling to understand how the term cognitive distortions is more important that the issue itself. You wrote as though, you want to show off big words. brightop: |
AI Overview Google Based on historical impact in high-performance computing, the most significant achievement of a Nigerian in the computer engineering industry is arguably Philip Emeagwali's pioneering work in parallel computing, for which he won the 1989 Gordon Bell Prize Now left for you to decided whether to be another Nigerian from Nigeria to revolutionize the computer engineering industry o. 🤷♂️ Lawalemi: |
Maybe WhatsApp is more afraid of you than Donald trump. What you need to do. Get 3 Aligator pepper. 2 kolanut. And red oil. When you buy a new SIM card. Mix and pour on it. And shout WHATSAPP!!! 4 times. Wash it and use it. Tht should fix your banning issues. No need to Thank me. O MONEY247: |
Sowore is playing politics like old people. And that’s a hard game to play. Felt he is forced to give up his ideals. How does convincing Nigerians that someone is another party members. Such game may not win him patriotic voters. [quote author=Slytiger post=139230704]“Rauf Aregbesola, Malami, Rotimi Ameachi, El-Rufai are all founding members of APC. The major sponsors of ADC today aren’t APC members of 2015, they were APC members of 2023 and some of them still work for APC. Alex Otti’s Labour Party’s presidential candidate is Tinubu” - Sowore ] |
Sowore is playing politics like old people. And that’s a hard game to play. Felt he is forced to give up his ideals. How does convincing Nigerians that someone is another party members. Such game may not win him patriotic voters. Goodvibes007: |
I read your story again. And your term Private Translation didn’t settle for me. The problem I have with your story is that. It simplify that story into one takeaway that flatten the narrative. You also claimed, one interpretation to be the only possible one and ignores what the text actually says or the cultural context behind the Story The detail of the boy with the five loaves and two fish is only explicitly mentioned in the Gospel of John. The other accounts (Gospel of Matthew, Gospel of Mark, and Gospel of Luke) mention the loaves and fish but don’t specify a boy as the source. So it’s less that translations removed him, and more that different writers emphasized different details from the start. The traditional view is that the five loaves and two fish were supernaturally multiplied to feed thousands. This emphasizes divine power and provision. However, the boy’s willingness to share, broke a kind of psychological barrier. Others, who may have been holding back their own food, were moved to bring it out and share. In that sense, the “multiplication” happened through collective generosity sparked by one act. My point on geography is also reasonable. Around the Sea of Galilee, fish would not have been rare. It’s plausible people had provisions but were reluctant to share in a large crowd until something shifted. What my interpretation does well is highlight a different kind of power: 1. not just transformation of matter 2. but transformation of behavior It reframes the story from “something impossible happened” to “something deeply human and contagious happened. mirrael68: |
From the Name. It’s doesn’t even seem like its objective align with economic needs. CITY BOYS MOVEMENT. with chatGPT being the easiest thing to use this days to even suggest a name that makes Nigerian youth want to participate. The movement is Infant. Integration should not be introduced through a Rally. It could start with a simple features on popular political shows. Make people even know them and their intent of the movement. The caliber of people in the movement are high profiles individual. However, since it’s a political movement, members should set aside their profile, grant interviews. I would love to see how they do with an Interview on that Channels program wey the hosts Dey drill guest on the show. Dailybellz: |
Online dating in Nigeria is hard. Although, I have friends who successsfully met their soulmate but definite Not on BADOO…lol. I was never successful with online ladies. Rule Number oo. Don’t Go To Fancy Restaurants especially when the Lady you met online suggested it on your first date. Pay attention to every details of what they say. Trust me. Some of these ladies online are quite smart. From Barbie doll on the first day. The next day, they start to show you businesses they want to invest in. And, they either need your support immediately. Or start to talk about their Landlord and rent indirectly. Another thing is, good ladies with great intentions, great career. Also have similar experience with opportunistic men. It’s a catfish market sometime. TechCapon: |
Arresting neighbors for “not reporting”. T This is where things become problematic. In most cases: • There is no general legal duty for ordinary citizens to report crimes they merely suspect. • Simply living near suspects or not knowing/reporting their activities does NOT automatically make you an accomplice. For someone to be legally tagged an accomplice, there must be evidence of: • Active participation, or • Aiding or abetting, or • Concealing crime knowingly Mere proximity or silence is not enough. 2. When could a neighbor actually be liable? A neighbor could be legally implicated only if authorities can show: • They knew about the cybercrime and • They helped, protected, or benefited from it Without that, arresting them is likely: • Unlawful detention, and • A violation of their rights under the 1999 Constitution of the Federal Republic of Nigeria (especially the right to personal liberty). BOTTOM LINE But arresting and charging innocent neighbors solely for not reporting is generally illegal Sirchiboy: |
Think about someone you have lost. How much of their story do you actually have saved? A parent remembers one version. A friend remembers another. A sibling holds moments no one else witnessed. Over time, these memories do not disappear, they become scattered. Diary of the Dead (DoD), a new digital memorial app and shared memory platform, has launched to help families and communities bring these fragments together in one place. The app is now available on the Apple App Store and Google Play Store. Diary of the Dead allows users to create digital memory diaries for loved ones, where family and friends contribute stories, photos, and perspectives to build a more complete life record. Unlike traditional social media, the platform is designed specifically for memory preservation, digital legacy documentation, and remembrance. Importantly, users are not creating profiles for themselves. Instead, they create dedicated memorial diaries for loved ones. Within these spaces, each contributor adds their own perspective, becoming part of a shared effort to preserve a life more completely. The platform was co-founded by Adesegun Christopher Adepoju-Conde and Babajide Ikuyajolu. To simplify memory creation, Diary of the Dead includes Echo (AI), an integrated tool that helps users generate meaningful tribute messages and memory entries quickly. This removes the pressure of writing and enables faster diary creation and memory documentation. Key features include: • Free lifetime access to create digital memory diaries • Collaborative memory contributions from family and friends • Digital memorial spaces for loved ones • Live-streamed remembrance and candlelight events • AI-assisted tribute writing with Echo (AI) Diary of the Dead addresses a growing need for digital legacy preservation in a world where memories are often fragmented across devices and conversations. It provides a structured shared memory platform for both the grieving and those who want to preserve memories before they fade. The app is now available for download: Apple App Store: https://apps.apple.com/gb/app/diaryofthedead/id6759168560 or search Diary Of the dead on PlayStore Google Play Store: Search “Diary of the Dead” Website: www.diaryofthedead.app Create a diary. Add your memory. Help complete a life story.
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This is enlightening. My take away from your comment is the fact that the Law Promotes Multilingualism. Language helps culture grow. It’s just sad to observe Nigeria sideline foundational(local) language with academic structure. Samantha125: |
