₦airaland Forum

1

Princewilla:
Indomie:
May 2015: N50
May 2016: N60
Oct 2016: N80

N50 to N80 is 60% increase.

We need the percentage increase too because that is what we are going to collate to arrive at an inflationary average. Thanks

Slice Bread

May 2015 ... N200
Oct. 2016 ... N300
percentage increase ... 50%

Derica of Rice

May 2015 .... N150
Oct. 2016 ... N300
Percentage Increase ... 100%

...

Mr Seun, kindly allow this to hit the front page on time so that all nairalanders can all participate in this project. Let us make use of this great platform (nairaland) to gather serious economic data. In the future, this Index will be quoted here and there because it is a practical and real Index generated by real Nigerians for real Nigerians. Thanks

Inflation can be defined as the rate at which the general level of prices of goods and services are rising and, consequently, the purchasing power of currency is falling.

It is a fact that we are experiencing Inflation in Nigeria and the Nigeria Bureau of Statistics (NBS) has put our inflation index at 17% but we all know that the figure given is a blatant lie!

So, great people of nairaland, we are the real Nigerians and we all know the rate at which most of the things in the market have all gone up. I have decided to create this thread so that we all can participate in this project to determine the actual inflation rate for this country.

If we can all serve as field officers and post the price of goods and services as at May 29, 2015 compared to now and also state the percentage of price change, we can then have an idea of the great deviation that exist between NBS figure and the real inflation figure for the country.

For example, I am into Inverter business and I can tell you all categorically that the cost of Inverters and deep cycle batteries have gone up by 100% between 2015 and now. I enjoin you all to do the same for the goods and services you are dealing in or buying in the market. We can then add up and find the average for this price change compilation to arrive at what I will call ... Nairaland Inflation Index (NII)

This would be a source of real data for all nairalanders and we can all plan our economic lives around this. Our government has obviously failed us in terms of proper record generation and vision implementation. How can you manage what you cannot measure accurately ? by the time we are through with this project, it would be seen that the current inflation rate of 17% as put up by our government is a tales by moonlight.

ok

call now

happy independence holiday

g.m

456

123

And here is the meaning of that allegory ...

Adam and Eve .... Human couple (and there were many of such couples all over the earth with Adam being the generic name for male and Eve for female)

Tree of Life .... Humanity's back brain which enables them to receive messages from God's servants (angels and guides)

Tree of Knowledge .... Humanity's frontal brain, their seat of earthly intelligence which enables them to act on earth.

Forbidden fruit .... Vanity

Serpent .... Lucifer

By engaging in vanity which started with the female and then the male under the prompting of Lucifer, the intellect of humanity was over the years elevated against their spiritual brain.

This led to the silencing of the spiritual part of us and the consequent disconnection from God (as depicted in the driving out of Adam and Eve in that story)

With this, Lucifer is now the puppet master. He controls majority of humanity, all materialists are his slaves.

That is the reality for millennia. It has nothing to do with sex or how else would humanity have been able to become "fruitful"

That is the meaning of that allegory.

divinelove:
Op u created a thread to tell us to call u, without giving any clue as to d intended solution rubbish.

D normal thing to do is simply to save ones mine in dollars or other stable foreign currency. Tell me u have a different idea

It's more than that bro. We grow dollars by also trading with it in the international commodities and currency markets. It's not about buying dollars from any aboki and keeping it.

G.m

G.e

Good evening

Happy independence

G.m

HOW TO SAFEGUARD YOUR HARD EARNED NAIRA FROM FURTHER LOOSING VALUE.

THE ROOT CAUSE

So long as we cannot produce most of the things we import from abroad, our naira will continue to receive uppercut from the almighty dollar. It is a simple economic case of scarcity and speculation. Dollar is scarce and people are ready to pay any amount for the little that is available. Some people are also hoarding it apart from the stringent government regulation over provision of dollars to dollar users. With these pressures, we pray it doesn't get to N1000 to $1.

THE PRACTICAL IMPACT

If you had kept N200,000 in your savings account last year. As at today, your money is merely worth N90,000 (interest included)

This is because last year, $1 was N200, and now at N475/$1, your cash asset is worth (200 /475 x 200) N84,210. If your bank is generous, you might earn an interest of say N5,790 over the duration of keeping your money untouched to make it N90,000. You have practically lost N110,000!

Due to the wickedness of the past governments and the cluelessness of the present government, your sweat has now been eroded by 55% and it might even go down further before the end of the year!

You may think you still have N200,000 plus interest in your account, but if you withdraw that money today and use it to buy things in the market with inflation hitting an unimaginable 50% (forget about the fake 17% data from government), then you will know that things are no longer at ease.

THE SOLUTION

To secure your cash asset from further loosing value and to allow your money work for you so that it can be growing at an exponential rate compared to bank's snail rate, then you need to talk to our currency investment analyst right now.


Call:- 07081516945 , 08109946200, winwin.investment2016@gmail.com

If you don't take action right now with the way things are going in this country (hyper inflation and job losses) it might be too late!

CALL/MAIL NOW, THERE IS A SURE WAY OUT.

DON'T ALLOW THE NIGERIAN GOVERNMENT TO TURN YOU INTO A PAUPER, ACT SMART!

Good one

Act now

HOW TO SAFEGUARD YOUR HARD EARNED NAIRA FROM FURTHER LOOSING VALUE.

THE ROOT CAUSE

So long as we cannot produce most of the things we import from abroad, our naira will continue to receive uppercut from the almighty dollar. It is a simple economic case of scarcity and speculation. Dollar is scarce and people are ready to pay any amount for the little that is available. Some people are also hoarding it apart from the stringent government regulation over provision of dollars to dollar users. With these pressures, we pray it doesn't get to N1000 to $1.

THE PRACTICAL IMPACT

If you had kept N200,000 in your savings account last year. As at today, your money is merely worth N90,000 (interest included)

This is because last year, $1 was N200, and now at N475/$1, your cash asset is worth (200 /475 x 200) N84,210. If your bank is generous, you might earn an interest of say N5,790 over the duration of keeping your money untouched to make it N90,000. You have practically lost N110,000!

Due to the wickedness of the past governments and the cluelessness of the present government, your sweat has now been eroded by 55% and it might even go down further before the end of the year!

You may think you still have N200,000 plus interest in your account, but if you withdraw that money today and use it to buy things in the market with inflation hitting an unimaginable 50% (forget about the fake 17% data from government), then you will know that things are no longer at ease.

THE SOLUTION

To secure your cash asset from further loosing value and to allow your money work for you so that it can be growing at an exponential rate compared to bank's snail rate, then you need to talk to our currency investment analyst right now.


Call:- 07081516945 , 08109946200, winwin.investment2016@gmail.com

If you don't take action right now with the way things are going in this country (hyper inflation and job losses) it might be too late!

CALL/MAIL NOW, THERE IS A SURE WAY OUT.

DON'T ALLOW THE NIGERIAN GOVERNMENT TO TURN YOU INTO A PAUPER, ACT SMART!

HOW TO SAFEGUARD YOUR HARD EARNED NAIRA FROM FURTHER LOOSING VALUE.

THE ROOT CAUSE

So long as we cannot produce most of the things we import from abroad, our naira will continue to receive uppercut from the almighty dollar. It is a simple economic case of scarcity and speculation. Dollar is scarce and people are ready to pay any amount for the little that is available. Some people are also hoarding it apart from the stringent government regulation over provision of dollars to dollar users. With these pressures, we pray it doesn't get to N1000 to $1.

THE PRACTICAL IMPACT

If you had kept N200,000 in your savings account last year. As at today, your money is merely worth N90,000 (interest included)

This is because last year, $1 was N200, and now at N475/$1, your cash asset is worth (200 /475 x 200) N84,210. If your bank is generous, you might earn an interest of say N5,790 over the duration of keeping your money untouched to make it N90,000. You have practically lost N110,000!

Due to the wickedness of the past governments and the cluelessness of the present government, your sweat has now been eroded by 55% and it might even go down further before the end of the year!

You may think you still have N200,000 plus interest in your account, but if you withdraw that money today and use it to buy things in the market with inflation hitting an unimaginable 50% (forget about the fake 17% data from government), then you will know that things are no longer at ease.

THE SOLUTION

To secure your cash asset from further loosing value and to allow your money work for you so that it can be growing at an exponential rate compared to bank's snail rate, then you need to talk to our currency investment analyst right now.


Call:- 07081516945 , 08109946200, winwin.investment2016@gmail.com

If you don't take action right now with the way things are going in this country (hyper inflation and job losses) it might be too late!

CALL/MAIL NOW, THERE IS A SURE WAY OUT.

DON'T ALLOW THE NIGERIAN GOVERNMENT TO TURN YOU INTO A PAUPER, ACT SMART!

HOW TO SAFEGUARD YOUR HARD EARNED NAIRA FROM FURTHER LOOSING VALUE.

THE ROOT CAUSE

So long as we cannot produce most of the things we import from abroad, our naira will continue to receive uppercut from the almighty dollar. It is a simple economic case of scarcity and speculation. Dollar is scarce and people are ready to pay any amount for the little that is available. Some people are also hoarding it apart from the stringent government regulation over provision of dollars to dollar users. With these pressures, we pray it doesn't get to N1000 to $1.

THE PRACTICAL IMPACT

If you had kept N200,000 in your savings account last year. As at today, your money is merely worth N90,000 (interest included)

This is because last year, $1 was N200, and now at N475/$1, your cash asset is worth (200 /475 x 200) N84,210. If your bank is generous, you might earn an interest of say N5,790 over the duration of keeping your money untouched to make it N90,000. You have practically lost N110,000!

Due to the wickedness of the past governments and the cluelessness of the present government, your sweat has now been eroded by 55% and it might even go down further before the end of the year!

You may think you still have N200,000 plus interest in your account, but if you withdraw that money today and use it to buy things in the market with inflation hitting an unimaginable 50% (forget about the fake 17% data from government), then you will know that things are no longer at ease.

THE SOLUTION

To secure your cash asset from further loosing value and to allow your money work for you so that it can be growing at an exponential rate compared to bank's snail rate, then you need to talk to our currency investment analyst right now.


Call:- 07081516945 , 08109946200, winwin.investment2016@gmail.com

If you don't take action right now with the way things are going in this country (hyper inflation and job losses) it might be too late!

CALL/MAIL NOW, THERE IS A SURE WAY OUT.

DON'T ALLOW THE NIGERIAN GOVERNMENT TO TURN YOU INTO A PAUPER, ACT SMART!

123

Asap

G.e

Yes

Hello

Hi

H