₦airaland Forum

The rate of inflation of general commodities especially food items is alarming to me . 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.

So no one has any idea about what is going on?
Lalasticlala

Enjoy the CHANGE you voted for

Sapa nice one

More hunger on you Terrorist Nigerians.
Now you are feeling a little bit of our pain

causes
1. High cost of transportation compared to last year.

2. High operating cost for the companies. Due to (fuel, phcn, taxes)

3. General inflation caused by a very strong US dollar.(this has affected every country) however our own is different due to our excessive borrowing. With a weaker currency we are repaying loans at twice the rate at which we borrowed. Starting the above processs all over again. Leading to a weaker naira.

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

Learn how to (sanction, transfer and punish) members of your administration who deviate and who's actions effectively inflame the polity. This includes but not limited to policemen, ministers or members of the armed forces.
Our leaders and our governors should at all times. Embrace actions that promote peace and prosperity.

Don’t know where this country is heading

D

BKayy:
More hunger on you Terrorist Nigerians.
Now you are feeling a little bit of our pain

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.

Buhari is evil. He's going to end up like Benito Mussolini.




Bookmark this comment.

Buharinomics. We were shouting this thing since 2015 they didn't hear. We screamed it again in '19, same thing.

Enjoy.

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

My brother.... this kontri matter big pass zuma rock

The value of the Nigerian naira is nothing to write home about, hence, the rapid inflation.

“Success usually comes to those who are too
busy looking for it.” — Henry David Thoreau

Simple: Buhari.

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..

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

Una never see anything yet

E shock you,ABI??

This evil administration is making things difficult for the common Man on purpose with their evil economic policies.




Buhari will end up like Benito Mussolini.

1- insecurity. A lot of farmers can’t go to the farm.

2- infrastructural deficit- a lot of the produced goods are perishable and a lot got wasted due to lack of preservation. Infact there’s nothing can be done without ELECTRICITY

3- lack of visionary leaders- what are our politicians doing to checkmate the rising price of food items?

Recommendation

All Nigerians should just brace up for the worst. The price gonna keep going up, unless buhari done something ASAP. But what can Buhari do?

lol I no even understand Naija type of inflation maybe na per seconds u go buy something for 150 in the morning only to go bak in evening to get another one and hear say e don turn 200

You have answered the question. The factors you listed are contributors.

It really worrying considering the rate of inflammation in Nigeria right now.
And it's likely to get worse if things continue this way

Kanu and Igboho are the cause.

Igboho has been arrested, soon everything go normalize.

$1 will be equal to #1

1. Naira depreciation.

2. Money printing.

3. Low investments in human capital.

4. Low investments in basic infrastructures.

5. Fall in oil price.

6. Inappropriate governmental policies.

7. The reticent state of the judiciary.

8. Low trust.

9. High immorality.

10. The misplacement of rationalism.

11. Poor security system.

Etc.

Thanks.

A Nairalander Cries Out

This is a classical example of NEXT LEVEL

Naira has been devalued more than 3 times alone this year

Convert your cash to $ to hedge against inflation

check this thread out if you interested in crypto and US Stock Market https://www.nairaland.com/6467965/yazga-cryptocurrency-plays

OP you need to acquire your BMC zombie ID card, we at vulturebbqrillz are not affected by the inflation at all. Our darling daddy has been so good to us so why don't you join us and enjoy the benefits of this great administration

well the activities of fulani terrorists and bandits ,in combination of the cluelesness of this government ,covid 19 and greed of the middle men are all contributing factor to the surg in the prices of goods and services in the land