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Nairaland Forum / Nairaland / General / Business / Why Are Nigerians So Quick To Accept Inflation? (24202 Views)
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Re: Why Are Nigerians So Quick To Accept Inflation? by ekanx27(m): 7:58pm On Nov 05, 2021 |
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Re: Why Are Nigerians So Quick To Accept Inflation? by Onyenna(m): 7:59pm On Nov 05, 2021 |
siofra: Lmao!! |
Re: Why Are Nigerians So Quick To Accept Inflation? by NamelessOGBENI(m): 7:59pm On Nov 05, 2021 |
Your answer: Suffering and smiling is our second name, we're so docile that we believe that the legion of heaven are coming to fight for us and yes, they are coming but to drum sense into our brains. Sadly, the government and the kangaroos largely oligarchy by nature are the winners here while the masses keep hoping. Festivity na cash out for some folks sef 6 Likes |
Re: Why Are Nigerians So Quick To Accept Inflation? by LiegeMan(m): 7:59pm On Nov 05, 2021 |
Okay |
Re: Why Are Nigerians So Quick To Accept Inflation? by Truth234(m): 7:59pm On Nov 05, 2021 |
SeaTrade: Most Nigerians don't know the impact of inflation on them. I have spoken with a lot and I found out they don't understand it affects everything from salary to the food they buy, clothes they wear etc. Presently, the US, the world's largest economy, is approaching the economy differently because inflation rose to 5.4 percent in September and COVID-19 induced supply bottleneck is disrupting the economy. It is basically lack of education. Earlier today, I wrote a piece on why the US FED won't raise rates because of the current increase in consumer prices (inflation). You can read it here https://investorsking.com/2021/11/05/as-us-federal-reserve-commences-tapering-how-does-it-affect-nigeria/ 2 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by gasparpisciotta: 7:59pm On Nov 05, 2021 |
To boycott na beans? Prices of most items are affected. 1 Like 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by greatiyk4u(m): 7:59pm On Nov 05, 2021 |
Intelligent post 4 Likes |
Re: Why Are Nigerians So Quick To Accept Inflation? by chaseblack(m): 8:00pm On Nov 05, 2021 |
No choice... But I have been particular about boycotting bread . I eat bread and spagg on average of once a month and I don't regret it,that shit isn't even healthy with its wheat /gluten content. It was an easy decision. One woman sells her card 210 ,I'll rather walk a mile to buy it 200 somewhere else. Cos I reason ,if this woman can sell hers 200 ,why is the other one selling hers 210 and don't be surprised they probably get it from the same place 12 Likes |
Re: Why Are Nigerians So Quick To Accept Inflation? by donsharwama(m): 8:00pm On Nov 05, 2021 |
Because we dont have any1 to complain to.. the system is messed up. We don't have a working govt. 5 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by franchasng: 8:00pm On Nov 05, 2021 |
SeaTrade:it is because years and decades of consecutive bad Presidents and Governors have destroyed Nigeria so bad that Nigerians have come to accept evil as normal and anybody resisting evil as a mad person. Years of bad governance have destroyed the psych of majority of Nigerians, they have come to have this natural belief that things can only get worst in Nigeria, so no matter how bad things become, Nigerians accept it cheerfully and take as natural. Decades of corrupt government have made Nigerians to believe that they don't have any other choice but to accept whatever the society throws at them, so everybody tries to hike the price of whatever he or she is selling as a way of recovering whatever he lost from buying other commodities. Another reason is the religion factor. Prosperity preachers have changed the mentality of Nigerians so bad, they only focus on miracle wealth so they can afford anything no matter the price as preachers have made them to believe that's the sign of being righteous. Don't complain, a born again ought not to complain but respect the leaders and pray for blessings 15 Likes 4 Shares |
Re: Why Are Nigerians So Quick To Accept Inflation? by angelfallz(m): 8:00pm On Nov 05, 2021 |
You're right, the worst one is the Christmas season hike in transport fares. For no reason at all the price of buses to the east doubles and sometimes triples. 2 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by jaxxy(m): 8:01pm On Nov 05, 2021 |
It baffles me myself. Nobody complaining to government, they just adjusting to the rubbish like dey are don jazzy with too much money. I think Nigerians are so money oppressive conscious or is it unconscious they don’t know or even care about the value of money. Americans that have more money or maybe a higher money value care about every dollar or nickels. If it goes up they start crying. I also think Nigerians are used to prices going up and never Down. If prices go down in Nigeria it’s like a 7th wonder. No regulatory system/bodies to ensure the prices go back low. The Naira has been criminally bastardized. I was just wondering to myself if the kobo is still a legal tender because it has no value. Lol 7 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by cardoctor(m): 8:01pm On Nov 05, 2021 |
What other choice do you have? |
Re: Why Are Nigerians So Quick To Accept Inflation? by Nobody: 8:01pm On Nov 05, 2021 |
SeaTrade: You must have been to the whole world. 2 Likes 1 Share
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Re: Why Are Nigerians So Quick To Accept Inflation? by foxxydude: 8:02pm On Nov 05, 2021 |
OP you want make trigger happy policemen use us take do target practice 1 Like |
Re: Why Are Nigerians So Quick To Accept Inflation? by Nobody: 8:02pm On Nov 05, 2021 |
The question shouldn't be why are we accepting the price ...it should be what can we do to stop the inflation...on a serious note an average Nigerian has no say concerning inflation and other critical aspect of the country.. 2 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by int0x80(m): 8:02pm On Nov 05, 2021 |
As if they have a choice! |
Re: Why Are Nigerians So Quick To Accept Inflation? by tomietush(m): 8:02pm On Nov 05, 2021 |
Saskay44: |
Re: Why Are Nigerians So Quick To Accept Inflation? by Alexpetra: 8:02pm On Nov 05, 2021 |
CountVersailles:You dey go far... Venezuela wey them increase price of loaf of bread wey country turn upside-down, them they increase the price of gas every night without any reason, we no even talk pim... Our mumu na ultra-max 6 Likes 2 Shares |
Re: Why Are Nigerians So Quick To Accept Inflation? by Abfinest007(m): 8:02pm On Nov 05, 2021 |
The other brands produce low standard quality 1 Like |
Re: Why Are Nigerians So Quick To Accept Inflation? by PHIPEX(m): 8:03pm On Nov 05, 2021 |
But many people switch products due to price changes, you might not know but it happens daily. Some stopped driving often as fuel prices changed. Some relocated from the heart of Lagos to outskirts of Lagos due to high rental figures. Some switched from Semovita to garri, rice to spaghetti. Fast food joints to road side Mama put etc. There are however products the Economists classified as having inelastic demand so no matter the change in their prices, people will still buy them eg salt, water and maybe gas for some people. These are basic to survival and can't be switched. 9 Likes |
Re: Why Are Nigerians So Quick To Accept Inflation? by tomietush(m): 8:03pm On Nov 05, 2021 |
Try crown. Thou d price diff no plenty Saskay44: |
Re: Why Are Nigerians So Quick To Accept Inflation? by JackWolfskin: 8:04pm On Nov 05, 2021 |
Mapgan: We do! 1 Like |
Re: Why Are Nigerians So Quick To Accept Inflation? by BigBashiru: 8:04pm On Nov 05, 2021 |
adonainana: Nigerians are wicked to themselves. When covid 19 came out, face mask was also selling for very high. 9 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by Nobody: 8:06pm On Nov 05, 2021 |
Why should you boycott a product you so much love. 1 Like |
Re: Why Are Nigerians So Quick To Accept Inflation? by angelfallz(m): 8:06pm On Nov 05, 2021 |
Shey it's Titus sardine that is now ₦650 to ₦700? Last month I wanted to buy sardine, I intentionally went for the one that is not a popular brand, the cashier told me it was ₦500. Omo I just went and dropped it back. If that one that is not popular is ₦500 how much would Titus sardine be? adonainana: 7 Likes 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by Lordave: 8:07pm On Nov 05, 2021 |
PoliticallyLeft:You sound like a fool. 8 Likes |
Re: Why Are Nigerians So Quick To Accept Inflation? by Tobest94: 8:08pm On Nov 05, 2021 |
This is a very good research area as against what’s taught in economics.. Personally, I think it’s because the prices of substitutes move up also 1 Like |
Re: Why Are Nigerians So Quick To Accept Inflation? by angelfallz(m): 8:08pm On Nov 05, 2021 |
Does this happen with indomie? Because the price that is on the pack is not what I buy it at oh! RealLordZeus: |
Re: Why Are Nigerians So Quick To Accept Inflation? by emmyN(m): 8:09pm On Nov 05, 2021 |
The problem is yahoo boys. They bring money into the economy and spend with reckless abandon. Money they didn't earn. 5 Likes |
Re: Why Are Nigerians So Quick To Accept Inflation? by Alexpetra: 8:09pm On Nov 05, 2021 |
Alexpetra:We are poor and if the price commodities change the poor people that suppose to voice out will accept it, and we expect them to believe us that we're poor?? 1 Like 1 Share |
Re: Why Are Nigerians So Quick To Accept Inflation? by Bigchristo: 8:10pm On Nov 05, 2021 |
CountVersailles:Try am here you go trek your life scatter nobody will join you on such protest 1 Like 1 Share |
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