₦airaland Forum

Afrobasic:
So you really believe the price of goods will come down just like that? 15% lohun? Na so E easy? Even in the mighty US of A. Inflation has never gone down by that amount.

Sometimes you people need to reason with your heads, not everytime agbado economica.

AbuTwins:
It is not agbado economica, anything is possible!

In 1991, Argentina's inflation rate plummeted from an astonishing 1,200% to about 20%. This remarkable drop of approximately 1,180 percentage points is one of the largest recorded decreases in inflation history.

lonelydora:
Wale Edun and Cardoso are the worst we have ever had.

Tufiakwa!

JuanDeDios:
There's reason to hope (possible zero import of PMS and diesel, increasing crude out, improvement in agriculture, possible improvement in electricity, possible improvement in security, etc.) 15% reduction in inflation is not impossible. But I trust them to commit the blunders (like allowing unchecked rise in energy prices and doing little about the state of federal roads) that'll make it a pipe dream.

Emergingnation:
Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party

National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.

During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.

He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.

His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.

“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.

“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.

“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.

Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.

https://dailypost.ng/2021/09/01/flashback-how-bola-tinubu-spoke-highly-of-buhari-in-2015-named-pdp-poverty-development-party/

AbuTwins:
It is not agbado economica, anything is possible!

In 1991, Argentina's inflation rate plummeted from an astonishing 1,200% to about 20%. This remarkable drop of approximately 1,180 percentage points is one of the largest recorded decreases in inflation history.

HelipsTech:
Agbadorian economy the worst in history.
I doubt if inflation has ever gotten to this level in history of Nigeria

yesloaded:
Import duty not reduced

Exchange rate still high

Telecommunication tariff hike just got approval

Increase in pump price

Well, impossibility is nothing but chances of deflation is very low

Kelklein:
Read between the lines.. these report is meant to cajole the masses but they can only deceive their gullible supporters. Using figures and semantics to deceive the masses is most unfair.

With inflation currently at around 34%, a consistently high figure for over a year.. Ordinary Nigerians are forced to feel the brunt of all these, and they don't deserve it.

Decline by 15% means it would come down to 29% in 2025 (15% of 34% is about 5%)

They are not ready..

Or maybe they are, they just can't give what they don't have.

The CBN governor once swore that Inflation would come down to 21% in Dec 24. They think everyone has forgotten or maybe so it seems. The people that are supposed to ask them what happened are too busy padding budgets..

A serious government would bring inflation, that they caused, down in less than one year. It's no rocket science, Argentina did it.

They are still giving excuses going to 2 years.

We can only say.. 'it is well'..

WHITELIGHTER:
These guys sometimes think many Nigerians are stupid like the Agbado people

sweetjohn:
When you pack bunch of Yorubas full government, what you will be having is a bunch of fake promises, propangadas and lies just as we are having it in Nigeria today. Promises, fake vision, propagandas and lies.

AbuTwins:
It is not agbado economica, anything is possible!

In 1991, Argentina's inflation rate plummeted from an astonishing 1,200% to about 20%. This remarkable drop of approximately 1,180 percentage points is one of the largest recorded decreases in inflation history.

TheWitchKing:
This guy no fit convince me say he day normal.
Price of Fuel increased last week. And is very likely to increase everything. This one carry propaganda day talk.

yesloaded:
Import duty not reduced

Exchange rate still high

Telecommunication tariff hike just got approval

Increase in pump price

Well, impossibility is nothing but chances of deflation is very low

casualobserver:
The problem with Nairaland and the internet is that the uneducated and uninformed have an opinion.


What is inflation, what is deflation?

Inflation is increase in prices, deflation is a reduction in prices.

When they say inflation will fall by 15% or to 15%, they are not saying prices will come down …which is deflation. What they are saying is the rate of inflation will fall from 30% to 15%. What they are saying is prices which rose from N100 to N130 last year will only rise from N130 to N150 this year (15%)

This is very acheivable because the worst of the causes of last years inflation are behind us. Subsidy has been removed and the Naira is not going to go from N1600 to N6000 in 2025 like it went from N400 to N1600 on 2024.

Reduction in inflation does not mean prices will come down, just that they will rise at a slower rate…..what did they teach you in “o” level economics, how did you pass?

yesloaded:
You are just trying to be smart but I won't exchange words with you

Richie6:
He's saying the obvious because at the end of 2025, come back to this thread and defend it.

You cannot say anything without true reflection defending your.

KORLAR:
Since you know better than him, let's hear your own prediction, analysis, and solution.

TheTundeMuniru:
Alright!

Some would still doubt the forecast, they are only waiting for bad news about the country.

Gbadugbakun:
Someone should tell him that Telcoms have increased their tarrifs by 50%

AbuTwins:
It is not agbado economica, anything is possible!

In 1991, Argentina's inflation rate plummeted from an astonishing 1,200% to about 20%. This remarkable drop of approximately 1,180 percentage points is one of the largest recorded decreases in inflation history.