Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,217,487 members, 8,034,380 topics. Date: Saturday, 21 December 2024 at 05:56 PM

The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ (287 Views)

Petrol Landing Cost Drops Amid Naira Appreciation / No Short Cut To Naira Appreciation, Says Ned Nwoko / "High Prices Is Here, Is Gone" — Tinubu Drops Second Gaffe In Bayelsa (2) (3) (4)

(1) (Reply) (Go Down)

The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ by Benjaminy: 1:48pm On Apr 15
Please, make it make sense.
Naira went down in value, from 1100 Naira per dollar, to 1880 per dollar, and the prices of everything in the market got doubled. Every trader had that excuse "our Naira no get value again" whenever you price anything. So, the entire blame was on Naira's depreciation.

Fast forward to March and April 2024, and Naira has climbed up, below 1100 Naira, per dollar, yet the prices of everything are still unchanged from what they doubled to, during Naira's depreciation to 1880 Naira per dollar. Infact, the prices of most goods are even adding on top of what they doubled to.

Head over to Technology section and all the Traders there were adding to adverts "rates are high" as they doubled the prices of Gadgets, yet those prices are still unchanged even when "rates are no longer high".

Went to buy Watermelon last time, and when I asked the Aboki why the price is so high, he told me "dola is kwosly" ( dollar is costly). He doesn't even know the price now.

So, Naira's appreciation didn't change anything from how they worsened during Naira's depreciation. Infact, it worsened, cos those earning in dollars are now earning, now exchange at a low price, whilst buying commodities at the prices of what they were when Dollar skyrocketed against Naira.

The traders are all insincere, many lying that they're still selling old stocks, whilst the other half are lying that they ordered those goods when the rate was high. Only quite a few of them are telling the truth.

Maybe our problem is not the government, but we Nigerians. The average Nigerian is self-centered, selfish, greedy, and if the Federal Government doesn't raise up a Task force to monitor prices, at malls, markets etc, then work done in the quest to restore Naira's value, is absolutely zero.
Re: The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ by AqualinaXYZ: 1:52pm On Apr 15
Nigeria was forced marriage





Anything you see you take am
Re: The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ by Akinboboz(m): 1:57pm On Apr 15
Dollar dey come down but prices of goods and services still remain the same ...So the Law of gravity dey fear and abandon the prices of goods and services for Nigeria.... Please Sir's/ma's ,make una review una price ,we are the one doing ourselves in this country, government can't be doing everything for us.....if you're buying something for 2000 naira before and you get to where they are selling the same thing and the price is now 1500, you don't have to hold on to the normal selling price just for you to make gains alone,you just needs to adjust the price downward please, let's be accountable to ourselves for once.
Re: The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ by thesicilian: 2:01pm On Apr 15
One would think that with they way Nigerians like cheating their neighbours they'd all have become rich by now, but still their lives don't seem to be getting any better, they are still generally an unhappy set of people
Re: The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ by Oloki: 2:10pm On Apr 15
No be naija again? E dey quick them to increase, but to come down na near impossibilities.

We are our own enemies.
Re: The High Prices Of Goods Still Unchanged After The Recent Naira Appreciation⚠️ by JAOS(m): 2:48pm On Apr 15
tinubu should reduce the cost of transportation since we are not using dollar to buy petrol stop supporting heartless government

1 Like 1 Share

(1) (Reply)

The Sabotage Strangling Akwa Ibom State / Tinubu Approves Take-off Of Consumer Credit Scheme / Petrol Queues Resurface In Abuja Despite N680 Pump Price

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.