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Nairaland Forum / Nairaland / General / Politics / Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation (1707 Views)
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Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Akinomoakin021: 4:34am On Dec 08, 2023 |
According to trading economics, Nigeria is experiencing over 27.33 percent inflation and 31.52 food inflation rate. While neighbouring Benin republic is experiencing -1.10 percent inflation rate and -8.30 percent food inflation rate which can be translated to deflation. Check screenshots below. 1 Like 1 Share
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Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by duduade: 4:46am On Dec 08, 2023 |
Obviously something is wrong in Nigeria na 6 Likes 1 Share |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by femicyrus(m): 5:43am On Dec 08, 2023 |
They import all manner of food leading to competition for best quality at a lower price but Nigeria locked his own border to compete for the few food produced locally with resultant inflation in price . Survival of the fittest kind of economy 17 Likes 1 Share |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by mytime24(f): 6:28am On Dec 08, 2023 |
Ask APC govt 8 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Nbote(m): 6:42am On Dec 08, 2023 |
Because we have clueless morons in charge 10 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Chinjo2: 6:48am On Dec 08, 2023 |
The answer is simple. It is as a result o Poor leadership. 15 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Lovemeharder(f): 6:53am On Dec 08, 2023 |
When it comes to management nigeria carry last. 12 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Passionnn: 6:59am On Dec 08, 2023 |
President Sunday Igboho ruling Benin from his prison cell.. |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by victorclean(f): 7:14am On Dec 08, 2023 |
Ask Asiwaju 2 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by duullie88(m): 7:19am On Dec 08, 2023 |
Hmm |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Svoboda(m): 7:26am On Dec 08, 2023 |
femicyrus: Youre right. Benin has no manufacturing base. Most cfa countries dont. They are just an extension of the french market. Ivory Coast, the largest cocoa producer in the world, has been crying for its cocoa industry value chain to be extended. Yet it still imports chocolates. The economic reality may be harsh in nigeria, but i doubt we are headed in the wrong direction. We are increasingly having a substabtial manufacturing base. 9 Likes 2 Shares |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Amarabae(f): 7:53am On Dec 08, 2023 |
Svoboda:You need a basic lesson in micro economics Stop spewing trash with confidence in public 8 Likes 2 Shares |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by orisa37: 8:00am On Dec 08, 2023 |
NIGERIA ECONOMY IS DOLLARISED WHILE BENIN REPUBLIC IS CEPHANISED. NIGERIA IS THE ABRACADABRA HERE. 3 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Svoboda(m): 8:03am On Dec 08, 2023 |
Amarabae: Counter my point or go look for ibuprofen. 7 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by socialmediaman: 8:05am On Dec 08, 2023 |
Tinubu is building inflation, he’s a first class accountant, he knows what he’s doing. 2 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by VinnyBaba: 9:23am On Dec 08, 2023 |
Simply because they are NOT led by a Druggie Ebola CRIMINAL dude, like Nigeria. 🤨🤨🤷🤷 3 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by christejames(m): 9:30am On Dec 08, 2023 |
Simple answer, good governance... Not stolen or foisted governance. 3 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by excanny: 9:42am On Dec 08, 2023 |
Tinubu is mad for aspiring to be president when he lacks the intelligence for the office. We were telling these idiots then that Nigeria is at a stage you don't hand it over to an idiot like Tinubu, but tribalism blinded them. Now, we're all in this fuckkkking shit together. IDIOTS 3 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by victory36(m): 9:48am On Dec 08, 2023 |
Deflation is not good for the economy either. It shows that the people are too poor to stimulate demand thereby driving down prices. 3 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by LooneyLester: 11:07am On Dec 08, 2023 |
Nigeria is controlled by the west and Benin rep controlled by France 1 Like
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Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by raskymonojendor: 11:09am On Dec 08, 2023 |
Akinomoakin021:Benin is probably the only country in the world experiencing a deflation ![]() 1 Like 1 Share |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Average9jaman: 11:11am On Dec 08, 2023 |
Nbote: And y they thrive is that they have clueless morons as the population |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by basseeafricana: 11:36am On Dec 08, 2023 |
Akinomoakin021:Buhari and Tinubu are the worst things that had ever happened to Nigeria. Tinubu is out of ideas. We should have listen and chosen Obi. 3 Likes 1 Share |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by RepoMan007: 11:52am On Dec 08, 2023 |
Above anything, they produce enough excess to cover what they lack. 3 Likes |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by LikeAking: 12:42pm On Dec 08, 2023 |
Akinomoakin021: We have stupid economics graduates ruining the country.. Eg is Emefile. 1 Like |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by victory36(m): 12:47pm On Dec 08, 2023 |
raskymonojendor:Japan and Thailand have been experiencing deflation for some time now 3 Likes 1 Share |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by MuchAdo: 1:35pm On Dec 08, 2023 |
Benin Republic is not really a country. It is a France outpost. |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by MuchAdo: 1:36pm On Dec 08, 2023 |
Yet things are still far more expensive there than in Nigeria ![]() |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by Akano5(m): 4:25pm On Dec 08, 2023 |
femicyrus: God bless you sir, you see how those politicains derive joy in seeing Nigerians suffer.. 1 Like |
Re: Why Is Nigeria Experiencing Inflation While Benin Republic Is Having Deflation by StarRiderr: 6:17pm On Dec 08, 2023 |
Svoboda:when all of us die finish nah |
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