₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,329,427 members, 8,440,540 topics. Date: Tuesday, 07 July 2026 at 08:48 AM

Toggle theme

There Is Enough Food in Nigeria, But There Is No Money. - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsThere Is Enough Food in Nigeria, But There Is No Money. (240 Views)

1 Reply (Go Down)

There Is Enough Food in Nigeria, But There Is No Money. by Bullfallo(op): 11:29am On Feb 20, 2024
Don’t let anyone deceive you that there is no food. There is enough food to go round but just that there is no money. The purchasing power keep declining. Its the same thing with petrol. Most filling station struggles to finish a tanker unlike in the past.

A market woman that uses 500k to travel to market before only need 3m for the same quantity of market as at today. Imagine if she still goes to the market with that her 500k she can only bring back very little that if the transportation didn’t take 70% of the money.

Now tell me how will she sell her product and make profit? Neighboring countries currency is now more valuable to the naira and its better to sell to them instead.
Re: There Is Enough Food in Nigeria, But There Is No Money. by RepoMan007: 11:46am On Feb 20, 2024
If true, prices won't be going up months after harvest. The warehouses and storehouses are empty.
Re: There Is Enough Food in Nigeria, But There Is No Money. by ChybuzzDD(m):
RepoMan007:
If true, prices won't be going up months after harvest. The warehouses and storehouses are empty.
Which warehouses are empty, propagandist??

Nigeria has cost-push inflation from Thief-nubu's useless policies of fuel subsidy removal and naira floating, and not the demand-pull inflation APC is trying to sell to you.

How did your food scarcity suddenly coincide with the above mentioned policies for the first time in the country huh
Re: There Is Enough Food in Nigeria, But There Is No Money. by RepoMan007: 12:02pm On Feb 20, 2024
ChybuzzDD:
Which warehouses are empty, propagandist??

Nigeria has cost-push inflation from Thief-nubu's useless policies of fuel subsidy removal and naira floating, and not the demand-pull inflation is trying to sell tl you.

How did your food scarcity suddenly coincide with the above mentioned policies for the first time in the country huh
devaluation weakened our money and helped foreigners with stronger money raid our market. Simple.
Re: There Is Enough Food in Nigeria, But There Is No Money. by surgical: 12:14pm On Feb 20, 2024
ChybuzzDD:
Which warehouses are empty, propagandist??

Nigeria has cost-push inflation from Thief-nubu's useless policies of fuel subsidy removal and naira floating, and not the demand-pull inflation is trying to sell tl you.

How did your food scarcity suddenly coincide with the above mentioned policies for the first time in the country huh
The government should employ you, you are better than the empty heads he is parading as team,you have correctly identified the root cause of this problem going on,therefore will be able to proffer the right solutions
The majority of his supporters can't even identify the problem so how can they solve a problem they don't understand
Re: There Is Enough Food in Nigeria, But There Is No Money. by ChybuzzDD(m): 1:58pm On Feb 20, 2024
RepoMan007:
devaluation weakened our money and helped foreigners with stronger money raid our market. Simple.
They're also raiding our beer that are now very expensive and out of reach of most people? Isn't it??
1 Reply

Video Of People Burning Brooms Did Not Happen In Nigeria But GhanaReno: Sound Sultan Sacrificed Health For Nigeria, But Sick Buhari Ran To LondonStandby Helicopter Was To Bring Igboho To Nigeria, But Yoruba Indigenes Fought—234

Don’t Worry About Criticisms From Nigerians; It Happened To Me-gowon To TinubuEFCC Should Start Raiding Businesses That Only Accept Dollar Payment In NigeriaMust We Have Tribalism In Nigeria?