₦airaland Forum

Several months ago, I bought Val-U bread for N220. Two months later, price went upwards to N250. A few months later, it became N300.

I was perplexed and exasperated.

Name it: Table water, toothpaste, malt drinks, transport fares, school fees, house rent, garri, elubo, handset, dollar, gas, bottled groundnut, rice, imported products, etc., etc.

The naira is losing value fast, and people get poorer and poorer. The previous generation were richer than the present one, and surely the present generation would be richer than the coming one. That’s one hidden law of economics that many educated people don’t know.

What I can use N1,000 for about 10 years ago was much more significant than what I can use it for nowadays. This means that, unless you have several sources of income, or your alary is increased regularly, you become a poorer person.

People don’t have money to buy what they need, and what they need keep on increasing in prices.

A responsible family man with a few kids plus wife would hardly survive on N20,000 per week, not to mention the fact that many people collect less than N50,000 per month. A graduate who’s spent huge amount of money to get a degree is now being offered N10,000 salary per month. This is a pity.

In Nigeria, over 110 million people can’t boast of an income of N300 per day. The reality is even worse than this. When a company declares profits, it’s not that they really make profits, but they save lots of money by downsizing, retrenching or reducing employee’s income. Is this normal?

When people need to spend more and more to buy the same thing they have been buying as a necessity, they become poorer and more hopeless if their income doesn’t increase or it gets reduced.

Can government really help us to control inflation? I’m afraid that, if things are not controlled, it may lead to hyperinflation or runaway inflation. I pray that such thing doesn’t happen here.

Please save our souls – inflation is running out of control in Nigeria.

Neteller here: www..com.ng

Oga someone is complaining of inflation here. Abeg the masquerade dressing form done finish I want give am one

We all know the problem but what is the solution?

OYO teachers are suffering....AJUMOBI

Bros, there is absolutely NOTHING the govt of the day will do...


to me they don't have a concrete Economic Policy to improve the sinking economy..

let's wait for 2023 to come maybe then things will improve..

God will do it. inshallah.

2019 and not 2023 please, you are taking us too far

pendusky:
Bros, there is absolutely NOTHING the govt of the day will do...


to me they don't have a concrete Economic Policy to improve the sinking economy..

let's wait for 2023 to come maybe then things will improve..

It's only God dat will safe us from dis clueles dullard of a president all he knows is corruption yeye govt

BizLifeE:
Several months ago, I bought Val-U bread for N220. Two months later, price went upwards to N250. A few months later, it became N300.

I was perplexed and exasperated.

Name it: Table water, toothpaste, malt drinks, transport fares, school fees, house rent, garri, elubo, handset, dollar, gas, bottled groundnut, rice, imported products, etc., etc.

The naira is losing value fast, and people get poorer and poorer. The previous generation were richer than the present one, and surely the present generation would be richer than the coming one. That’s one hidden law of economics that many educated people don’t know.

What I can use N1,000 for about 10 years ago was much more significant than what I can use it for nowadays. This means that, unless you have several sources of income, or your alary is increased regularly, you become a poorer person.

People don’t have money to buy what they need, and what they need keep on increasing in prices.

A responsible family man with a few kids plus wife would hardly survive on N20,000 per week, not to mention the fact that many people collect less than N50,000 per month. A graduate who’s spent huge amount of money to get a degree is now being offered N10,000 salary per month. This is a pity.

In Nigeria, over 110 million people can’t boast of an income of N300 per day. The reality is even worse than this. When a company declares profits, it’s not that they really make profits, but they save lots of money by downsizing, retrenching or reducing employee’s income. Is this normal?

When people need to spend more and more to buy the same thing they have been buying as a necessity, they become poorer and more hopeless if their income doesn’t increase or it gets reduced.

Can government really help us to control inflation? I’m afraid that, if things are not controlled, it may lead to hyperinflation or runaway inflation. I pray that such thing doesn’t happen here.

Please save our souls – inflation is running out of control in Nigeria.

Neteller here: www..com.ng

Just shout "Sai Baba!" three times and all your problems will be solved.

When us in the SE/SS were warning you guys that this man will make things much worse than GEJ, you all thought we were fools. Now face the music!

joes11:
2019 and not 2023 please, you are taking us too far

Check out all the FG appointment, do you think they can Overthrow North in 2019? wake up brother...