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Nairaland Forum / Nairaland / General / Business / Why Prices Are Still On The Rise Despite Appreciation Of The Naira (22806 Views)
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Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Racoon(m): 2:36pm On Apr 18 |
The persistent rise in food and commodity prices despite the appreciation of the naira has become a source of significant concern among Nigerians.https://dailytrust.com/nigeria-daily-why-prices-are-still-on-the-rise-despite-appreciation-of-the-naira/ NECA worries over rising prices despite naira appreciation— NECA Adewale-Smatt Oyerinde, director-general, Nigeria Employers’ Consultative Association (NECA), says the tightening measures adopted by the Central Bank of Nigeria (CBN) have led to the appreciation of the naira, but lamented rising prices of goods and services in the economy.https://www.google.com/amp/s/businessday.ng/news/article/neca-worries-over-rising-prices-despite-naira-appreciation-neca/%3famp=1 1 Like
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Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by socialmediaman: 2:36pm On Apr 18 |
You can’t build a country in this modern age without transparency. This government is failing big time on transparency! 113 Likes 2 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by seanfer(m): 2:38pm On Apr 18 |
We the Nigerian Citizens are more wicked than our leaders 125 Likes 12 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Racoon(m): 2:38pm On Apr 18 |
The abracadabra economics of the government of a druggie. The more you see the less you understand. 56 Likes 6 Shares
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Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by CodeTemplar: 2:41pm On Apr 18 |
Regarding the food and agriculture part, I can only think of dwindling harvest as the major source of price increase. Every other factors are just excuses from greedy distros. 11 Likes 1 Share |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Racoon(m): 2:41pm On Apr 18 |
Meanwhile, the zombies of the government are still living in delusional fool's paradise. 27 Likes 3 Shares
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Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by wittywriter: 2:42pm On Apr 18 |
Absolutely very unparalleled seanfer: Racoon: Wittyness. 1 Like |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Thundafireseun: 2:42pm On Apr 18 |
7 Likes 1 Share |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by KingKO22: 2:43pm On Apr 18 |
Racoon: You will cry tire 😂 BTW, hope you guys are keeping your dollar as advised by your online first lady Aishat Yesuf? Before your eyes go clear you done enter red 😂😂🤣🤣 98 Likes 10 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by saintopus(m): 2:45pm On Apr 18 |
Federal Government and States and Local Government should immediately set up consumer market where goods could be sold for a cheap price over a period of time. For now I don't think price of goods would ever come down because the nature of the black man is defined by high level of greed and wickedness. 26 Likes 5 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by GanagiBitrus: 2:51pm On Apr 18 |
Prices of Goods & Services are driven by forces of Demand & Supply and not by the greed of Businessmen. Except in a monopoly. In a free economy, If people are making excessive profit from any business, more people will naturally enter that business & crash the profit margin. Govt should focus on addressing production costs & similar factors affecting high costs of Goods & Services. 16 Likes |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by alanto: 3:14pm On Apr 18 |
If someone mention una tribe now. Una go run to mod. Your propaganda will fall to shame. I have spent over 100k on food this month. I pray it wont be like that next month. If you guys desperately want to buy things that costly. Inflate your prices in the East. 90 Likes 6 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by favor914: 3:20pm On Apr 18 |
socialmediaman:Charity they say begins @ home, where is the information from your state government? 86 Likes 2 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by favor914: 3:23pm On Apr 18 |
Racoon:Guy make you careful because of High blood pressure o. 91 Likes 4 Shares
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Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by slivertongue: 3:27pm On Apr 18 |
Let's wait a week more. if the fall is artificial like in the days of Carlos Menem of Argentina it will be clear to all but if it is real we will also know 1 Like 2 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Iamgrey5(m): 3:28pm On Apr 18 |
There's no explanation but excuses by Producers who are forcing upward mobility in price despite other factors of production not changing much. The only new cost is higher intrest rate nothing new. 83 Likes |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Artscollection: 3:50pm On Apr 18 |
alanto: Hunger must finish una this time around. Ebipanwa is real,next time you go use brain vote 15 Likes 2 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Artscollection: 3:54pm On Apr 18 |
Those idiots shouting up and down forgot that fuel is the main driver here after the dollar of which the dollar is not even at the rate those ragtag oluwale certificate holders met it not to talk of the pump price that is 300% from it's old price. All agbado munchers should brace up for the next 8yrs. 16 Likes |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Saturnalia(m): 4:23pm On Apr 18 |
What kinda stupid excuse and explanations are these? It shows that your head is simply not correct. You were contesting for a Presidential Election, you kept shouting: “Subsidy Must Go” and “Naira Must Be Floated”. Your common sense did not tell you that some mechanisms needed to be put in place first to check & cushion the effects of your “Trial & Error” Policies on the masses. You came with your “OVERSABI” and dabaru everything you met on ground. Now, you’re hiring “PR Consultants” to help launder your stupid economic policies and explain to the masses in futility - why the law of Demand & Supply is not working in Nigeria. The SUBSIDY that you did gra-gra to remove , now you’re back to paying more than double of it, to the tune of 600Billion Naira per Month. The NAIRA that you did gra-gra to float, now you’re back to defending it with our limited & scarce FOREX. As nepotistic, fanatical & ill-educated as BUHARI was, he was just too brilliant to foresee the future and avoid dragging the Country into the quagmire that we’re currently in. This is why I keep telling people that education is not everything. If you’re educated and you don’t cultivate your common sense, your education is a waste. In spite of Tinubu’s certification from the University of Chicago or any other phantom University that he was said to have attended, would any sane mind rate his Government above that of Buhari? Never! You came with your gri-gri & gra-gra to scatter everything that the beaten & battered citizens were manageably enduring, and now, you keep churning out stupid & nonsensical statistics that doesn’t correlate with the reality on ground, to deceive the masses. Even your fellow stupid & shallow-minded political jobbers like Nasir El-Rufai and Sanusi Lamido Sanusi that were busy granting stupid interviews during the Buhari’s administration - chanting “SUBSIDY MUST GO” and “NAIRA MUST BE FLOATED” ; they’re nowhere to be found to defend their stupid assumptions. You want to remove Subsidy, all the Refineries are not working. You want to float the Naira, yet our economy is import-dependent. Have you not proven to everybody now that your coconut head is not correct? Nonsense! 37 Likes 5 Shares |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Kingdavid579(m): 4:23pm On Apr 18 |
Individual Selfishness |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by id4sho(m): 4:24pm On Apr 18 |
Wicked Nigerians 2 Likes |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Image123(m): 4:24pm On Apr 18 |
Why ke? Should we tell them about Nigerians or not? 1 Like |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by 99thEnemy(m): 4:24pm On Apr 18 |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by keymatt(m): 4:24pm On Apr 18 |
agbadorians celebrating a temporary naira increase against the dollar is like a group of headless zombies celebrating the death of a mice when a huge snake is still inside the house terrorizing the residents. 8 Likes |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Honestey: 4:24pm On Apr 18 |
Prices of imported goods are falling but starting from gari prices of local food keep rising. I can think of one reason, our governors are probably thinking of sharing palliatives in local foods, hence buying them off creating scarcity and resultant high price. This has happened with rice too. Soon don't be surprised if state governments are announcing food palliatives for their people. 1 Like |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by inoki247: 4:24pm On Apr 18 |
Lol Dem don go back to blaming of Petrol.... The only thing av always notice is that if anything no dey Fall Rice dey always fall... 2 Likes |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by Raskimonojendor: 4:24pm On Apr 18 |
Lagging effect. 1 Like |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by hurryup123(m): 4:24pm On Apr 18 |
Greed 1 Like |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by PortHarcourtcit(m): 4:25pm On Apr 18 |
NgwaIgbo223, Nigeria needs your ideas on how to solve the inflation, please be patriotic for once... 1 Like 1 Share |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by STEWpid(f): 4:25pm On Apr 18 |
Chai.. |
Re: Why Prices Are Still On The Rise Despite Appreciation Of The Naira by id4sho(m): 4:25pm On Apr 18 |
saintopus:Seconded 3 Likes |
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