Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% - Business (4)

Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% (18402 Views)

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Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by BigBashiru: 4:04pm On Nov 16, 2020

lexy2014:
Price of onions has gone up. Is it because of N1000 note?

It has contributed to it.... lets discuss on this thread: https://www.nairaland.com/6253011/why-n1000-note-needs-scrapped#95977565

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by BigBashiru: 4:06pm On Nov 16, 2020

joinpreneur:
Oga, stop saying that

Present your facts to the contrary here:https://www.nairaland.com/6253011/why-n1000-note-needs-scrapped#95977565

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by lexy2014: 4:07pm On Nov 16, 2020

BigBashiru:
It has contributed to it.... lets discuss on this thread: https://www.nairaland.com/6253011/why-n1000-note-needs-scrapped#95977565

How has N1000 contributed to d sudden rise in d price of onions?

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by MISSCONGENIALITY(f): 4:07pm On Nov 16, 2020

And we have not reached the next level where we are heading to oo. The way things are going, we might not even live to see that next level.
But God of Abraham, Isaac and Jacob, and the God of Elijah, pass them all.

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Lamanii22(f): 4:10pm On Nov 16, 2020

emror4u:
Duringy our English class, did you ever hear of figure of speech??

Lool . You were speaking in irony...

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by BigBashiru: 4:13pm On Nov 16, 2020

lexy2014:
How has N1000 contributed to d sudden rise in d price of onions?

I don't want to derail this thread - comment on the thread I opened for N1000 note and I will respond

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by lexy2014: 4:18pm On Nov 16, 2020

BigBashiru:
I don't want to derail this thread - comment on the thread I opened for N1000 note and I will respond

It's still about inflation. So it doesn't make any difference. Ur posting a link on this thread is already a derailment if we are to go by that logic. So u are free to make ur defense on this thread

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Emmasnoop(m): 4:18pm On Nov 16, 2020

FAKE NEWS,FUEL IS STILL N150 PLS STOP SPREADING FAKE NEWS

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Nobody: 4:20pm On Nov 16, 2020

joinpreneur:
In 2015,

Fuel was ₦87. Now ₦172
Bag of rice was ₦8k. It is now ₦42k
$1 was ₦150. It is now ₦475
Lag-Abj airfare was ₦10k. It is now ₦40k

Jonathan is thief, Buhari is a Saint. I rather dine with a decent thief than an indecent saint

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Ihatemumu: 4:22pm On Nov 16, 2020

~~Sai~~ Chai Baba

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Ihatemumu: 4:22pm On Nov 16, 2020

Emmasnoop:
FAKE NEWS,FUEL IS STILL N150 PLS STOP SPREADING FAKE NEWS

Sai Baba

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Vulcan24(m): 4:46pm On Nov 16, 2020

Curse them that suffereth thy people and make their dwelling place desolate

Amen

Only the guilty are afraid

1 Like 1 Share

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by okpukpu(m): 4:49pm On Nov 16, 2020

Una never see anything

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by BigBashiru: 4:49pm On Nov 16, 2020

lexy2014:
It's still about inflation. So it doesn't make any difference. Ur posting a link on this thread is already a derailment if we are to go by that logic. So u are free to make ur defense on this thread

The reason you should visit the thread is so that you read all previous arguments....

In any market there's something called bid price, ask price and last price the item sold for..... what N500 note and N1000 note does is it forces last price to these denominations! Someone I know bought onions half kilo for N475 and paid with POS. if this was an open outdoor market the last price will be N500 for a multitude of reasons I don't want to repeat as I've already typed it before. But this is the basic argument.... I'm stopping here. Thanks.

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by NNC5: 4:53pm On Nov 16, 2020

joinpreneur:
In 2015,

Fuel was ₦87. Now ₦172
Bag of rice was ₦8k. It is now ₦42k
$1 was ₦150. It is now ₦475
Lag-Abj airfare was ₦10k. It is now ₦40k

Let me say whateveryone is thinking...
Fulanis don't have the IQ to run this country.
nor any country for that matter.
they are normads... and have no idea about nationhood.

Let's get over our stupidity and hand this country over to those who can actually think properly.
Those who believe in the homeland.

otherwise we are all going off the cliff with these brain-dead leaders

2 Likes 1 Share

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by bigfish3k: 4:57pm On Nov 16, 2020

Let me join other people to say that if I wear APC zombie jacket I will buy things cheaper even fuel.

APC is a wonderful party

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by lexy2014: 4:58pm On Nov 16, 2020

BigBashiru:
The reason you should visit the thread is so that you read all previous arguments....

In any market there's something called bid price, ask price and last price the item sold for..... what N500 note and N1000 note does is it forces last price to these denominations! Someone I know bought onions half kilo for N475 and paid with POS. if this was an open outdoor market the last price will be N500 for a multitude of reasons I don't want to repeat as I've already typed it before. But this is the basic argument.... I'm stopping here. Thanks.

I didn't ask u for previous argument as my enquiry was about a single commodity, onions. I asked how is N1000 responsible for d sudden sharp rise in d price of onions. U obviously haven't said anything above that gives credence to ur theory that N1000 note has affected d price of onions

2 Likes 1 Share

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by mcquin(m): 4:58pm On Nov 16, 2020

calyto:
No news except if you just want to wail.

1. COVID shutdown the world
2. EndSARS protesters started attacking trailers coming from the North. You think there will be no effect?

Where was the price of fuel prior to covid19?
How much was a bag of rice pre-covid19?

Check inflation rate the last 5years before exposing your foolery on a public forum.

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by bigfish3k: 4:59pm On Nov 16, 2020

BigBashiru:
The reason you should visit the thread is so that you read all previous arguments....

In any market there's something called bid price, ask price and last price the item sold for..... what N500 note and N1000 note does is it forces last price to these denominations! Someone I know bought onions half kilo for N475 and paid with POS. if this was an open outdoor market the last price will be N500 for a multitude of reasons I don't want to repeat as I've already typed it before. But this is the basic argument.... I'm stopping here. Thanks.

What are you writing. Explain please

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by AsawanaDgreat: 5:01pm On Nov 16, 2020

We have to embrace farming full time as am seeing things in this country

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by BigBashiru: 5:08pm On Nov 16, 2020

lexy2014:
I didn't ask u for previous argument as my enquiry was about a single commodity, onions. I asked how is N1000 responsible for d sudden sharp rise in d price of onions. U obviously haven't said anything above that gives credence to ur theory that N1000 note has affected d price of onions

If you didn't see any point that was made that means your iq threshold does not meet my minimum level requirement for engagement. Good luck.

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Sarita01(f): 5:23pm On Nov 16, 2020

Nairalandian:
Where in Nigeria is fuel sold for 68 naira
abi na theif dem thief am

You too dey take life serious,that guy's sarcasm was quite glaring. Loosen up a bit

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Lighthouse50: 5:37pm On Nov 16, 2020

I at first supported Buhari hoping that when he becomes president, meat will be cheap and everywhere sinxe he is a herder but the case is a reverse. What a pity......

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Rolly22(m): 5:46pm On Nov 16, 2020

elujah1:
They will still come and defend, the only consolation I have is that both the supporters of the government and I go to same market, same filling stations, we will enjoy it together

Very simple.

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Jeffyblaq(m): 5:53pm On Nov 16, 2020

All thanks to the mumuric, tribalist and clueless thing just sitting up there..

Nonsense everywhere!

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by ikenna042: 6:04pm On Nov 16, 2020*

This country don hard oo

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Stateoforigin: 6:16pm On Nov 16, 2020

You guys should continue wailing as usual, don't go and farm.

Lest I forget, a 50kg bag of beans is 22k in Central Nigeria. It will get to 30k before the end of next year. So instead of coming to nairaland to call Buhari's name, buy it now and store for you and your family's consumption.

In that case you won't have to worry about sniper been used to preserve beans.

A word is enough for a wailer.

Next year will be bloody in terms of inflation.

1 Like 1 Share

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by lexy2014: 6:32pm On Nov 16, 2020

BigBashiru:
If you didn't see any point that was made that means your iq threshold does not meet my minimum level requirement for engagement. Good luck.

Well speaking of IQ, my lowest IQ is greater than ur highest IQ so it will be counter productive for u to begin a debate on that when u can't even defend ur claims on how N1000 note caused d price of onions to skyrocket.

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by otomatic(m): 6:34pm On Nov 16, 2020

BigBashiru:
N1000 note is to be blamed for a lot of this inflation.... the reasons why N1000 note is responsible for hardship is given here https://www.nairaland.com/6253011/why-n1000-note-needs-scrapped#95977565

And we didn't have N1000 note before this regime?
Tell me something else.

1 Like

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by Saverin: 6:40pm On Nov 16, 2020

joinpreneur:
In 2015,

Fuel was ₦87. Now ₦172
Bag of rice was ₦8k. It is now ₦42k
$1 was ₦150. It is now ₦475
Lag-Abj airfare was ₦10k. It is now ₦40k

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by BigBashiru: 6:47pm On Nov 16, 2020

otomatic:
And we didn't have N1000 note before this regime?
Tell me something else.

When prices are increasing in this regime, they don't increase by N10 or N20 mostly, prices mostly increase by N1000, N500 and N200 in that order...

N1000 is most dispensed by atms followed by N500

Re: Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% by emoney09: 7:17pm On Nov 16, 2020

Really

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