Popular businesswoman, Adeola Diiadem took to her Instagram story to call out local vendors who increased the price of their goods because of the dollar increase.

According to her, it does not affect them directly and it is just wickedness on their part to increase the price of their goods.

She wrote; “Some Nigerians will not seize to amaze me. How does dollar affect cat fish in the market?
How does dollar increase affect basic things?? I’m tired of people taking advantage of everything!!! Until hunger finish everybody then these idiots increasing food stuff will learn!!!
How will the poor survive ??
We need to help ourselves and not keep doing ourselves!!!
Even market people that don’t understand what this dollar issue is all about are taking advantage of it!!!
This is a lesson for y’all to buy Nigerian!!!!!!”


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Even if dollar doesn't affect a local produce, because the alternative is imported and importable, selling yours for less will make someone simply buy it and resell for higher rate(Intl rate).

The catfish dealer pays for transportation and buys things that are affected by the dollar rate. The catfish price is increased to give the dealer purchasing power for other things.

RepoMan007:
Even if dollar doesn't affect a local produce, because the alternative is imported and importable, selling yours for less will make someone simply buy it and resell for higher rate(Intl rate).

True Talk