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Nairaland Forum / Nairaland / General / Food / Inflation: What Is Happening Pls? (32680 Views)
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Inflation: What Is Happening Pls? by ProJectAnatot(m): 3:11pm On Jul 20, 2021 |
The rate of inflation of general commodities especially food items is alarming to me ![]() And also surprisingly no one is talking about it.. ![]() Economists and analysts in the house is there any particular reason for this fast inflation... Is it oil?, naira? Incompetence? Or even corruption? Fulani herdsmen? flood? I am really being sincere with my question! Good afternoon. 170 Likes 12 Shares |
Re: Inflation: What Is Happening Pls? by ProJectAnatot(m): 2:55am On Jul 21, 2021 |
So no one has any idea about what is going on? Lalasticlala 5 Likes 3 Shares |
Re: Inflation: What Is Happening Pls? by WalkerMichael(m): 12:33pm On Jul 21, 2021 |
Enjoy the CHANGE you voted for 234 Likes 11 Shares |
Re: Inflation: What Is Happening Pls? by COZA(m): 12:33pm On Jul 21, 2021 |
Sapa nice one ![]() 29 Likes 3 Shares |
Re: Inflation: What Is Happening Pls? by BKayy: 12:33pm On Jul 21, 2021 |
More hunger on you Terrorist Nigerians. Now you are feeling a little bit of our pain 45 Likes 9 Shares |
Re: Inflation: What Is Happening Pls? by vcente(m): 12:33pm On Jul 21, 2021 |
causes 1. High cost of transportation compared to last year. 2. High operating cost for the companies. Due to (fuel, phcn, taxes) 3. General inflation caused by a very strong US dollar.(this has affected every country) however our own is different due to our excessive borrowing. With a weaker currency we are repaying loans at twice the rate at which we borrowed. Starting the above processs all over again. Leading to a weaker naira. solution A stable country and economy leads to a stronger currency. Learn how to (sanction, transfer and punish) members of your administration who deviate and who's actions effectively inflame the polity. This includes but not limited to policemen, ministers or members of the armed forces. Our leaders and our governors should at all times. Embrace actions that promote peace and prosperity. 118 Likes 8 Shares |
Re: Inflation: What Is Happening Pls? by drlucky17: 12:33pm On Jul 21, 2021 |
Don’t know where this country is heading 7 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by Mbamifeanyi(m): 12:33pm On Jul 21, 2021 |
D |
Re: Inflation: What Is Happening Pls? by Nobody: 12:33pm On Jul 21, 2021 |
BKayy:Hate has clogged your brain up with large cobwebs that you can't even think properly anymore and see beyond tribalism/bigotry for once in your life. You're probably and ipob member and the op made it clear he lives in the south east. Has your hate for Nigeria turned you against your own brothers too? Mumu. The country is getting hard for everybody and the faster we all unite the hold this government accountable for the hardships they've brought on Nigerians, the better. It doesn't matter what you claim to be and how you see others. You need to eat and pay you bills in NIGERIA. If inflation keeps increasing at this rate, both you and the people you call "terrorists" will suffer the same fate. Hunger doesn't care about your ethnicity or religion neither does the bills. And incase I forget, your ipob and oduduwa shit is dead on arrival incase you don't know, unless you live in some kind of fantasy Disney world. 74 Likes 8 Shares |
Re: Inflation: What Is Happening Pls? by mzBEAM(f): 12:33pm On Jul 21, 2021 |
Buhari is evil. He's going to end up like Benito Mussolini. Bookmark this comment. 46 Likes 5 Shares |
Re: Inflation: What Is Happening Pls? by Regardless: 12:33pm On Jul 21, 2021 |
Buharinomics. We were shouting this thing since 2015 they didn't hear. We screamed it again in '19, same thing. Enjoy. 16 Likes 4 Shares |
Re: Inflation: What Is Happening Pls? by dmbb: 12:33pm On Jul 21, 2021 |
This is a misleading write up, I can clearly read your mind. Pls take your tribalism and sentiment out of this forum. It's clear that you are an Ipob PDP jingoist 2 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by Nuelito: 12:33pm On Jul 21, 2021 |
My brother.... this kontri matter big pass zuma rock 5 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by jhydebaba(m): 12:33pm On Jul 21, 2021 |
The value of the Nigerian naira is nothing to write home about, hence, the rapid inflation. 26 Likes 1 Share |
Re: Inflation: What Is Happening Pls? by smartNerd: 12:33pm On Jul 21, 2021 |
“Success usually comes to those who are too busy looking for it.” — Henry David Thoreau 12 Likes 3 Shares |
Re: Inflation: What Is Happening Pls? by dhardline(m): 12:33pm On Jul 21, 2021 |
Simple: Buhari. 10 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by Tokskob2008: 12:34pm On Jul 21, 2021 |
God will deliver us from this government just like he did in 1998... The hunger is just too much, 10k foodstuffs can't even last a week anymore.. 26 Likes 4 Shares |
Re: Inflation: What Is Happening Pls? by BigDawsNet: 12:34pm On Jul 21, 2021 |
The World Poverty Clock shows Nigeria has overtaken India as the country with the most people living in extreme poverty A shiithole country that produces 1,938,542.73 barrels per day ![]() 27 Likes 4 Shares |
Re: Inflation: What Is Happening Pls? by Bunnaliz: 12:34pm On Jul 21, 2021 |
Una never see anything yet ![]() ![]() 11 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by ikcid: 12:34pm On Jul 21, 2021 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() E shock you,ABI?? 1 Like |
Re: Inflation: What Is Happening Pls? by mzBEAM(f): 12:34pm On Jul 21, 2021 |
This evil administration is making things difficult for the common Man on purpose with their evil economic policies. Buhari will end up like Benito Mussolini. 16 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by Starboytwo(m): 12:34pm On Jul 21, 2021 |
1- insecurity. A lot of farmers can’t go to the farm. 2- infrastructural deficit- a lot of the produced goods are perishable and a lot got wasted due to lack of preservation. Infact there’s nothing can be done without ELECTRICITY 3- lack of visionary leaders- what are our politicians doing to checkmate the rising price of food items? Recommendation All Nigerians should just brace up for the worst. The price gonna keep going up, unless buhari done something ASAP. But what can Buhari do? 20 Likes 4 Shares |
Re: Inflation: What Is Happening Pls? by inoki247: 12:34pm On Jul 21, 2021 |
lol I no even understand Naija type of inflation maybe na per seconds u go buy something for 150 in the morning only to go bak in evening to get another one and hear say e don turn 200 75 Likes 6 Shares |
Re: Inflation: What Is Happening Pls? by Embell: 12:34pm On Jul 21, 2021 |
You have answered the question. The factors you listed are contributors. 2 Likes 2 Shares |
Re: Inflation: What Is Happening Pls? by Baoo4eva(m): 12:34pm On Jul 21, 2021 |
It really worrying considering the rate of inflammation in Nigeria right now. And it's likely to get worse if things continue this way 5 Likes 1 Share |
Re: Inflation: What Is Happening Pls? by Temptee101(m): 12:34pm On Jul 21, 2021 |
![]() Kanu and Igboho are the cause. Igboho has been arrested, soon everything go normalize. $1 will be equal to #1 30 Likes 4 Shares |
Re: Inflation: What Is Happening Pls? by CaveAdullam: 12:34pm On Jul 21, 2021 |
1. Naira depreciation. 2. Money printing. 3. Low investments in human capital. 4. Low investments in basic infrastructures. 5. Fall in oil price. 6. Inappropriate governmental policies. 7. The reticent state of the judiciary. 8. Low trust. 9. High immorality. 10. The misplacement of rationalism. 11. Poor security system. Etc. Thanks. 37 Likes 5 Shares |
Re: Inflation: What Is Happening Pls? by Sammy07: 12:34pm On Jul 21, 2021 |
![]() A Nairalander Cries Out ![]() ![]() ![]() ![]() ![]() 13 Likes 5 Shares |
Re: Inflation: What Is Happening Pls? by DaBogu: 12:34pm On Jul 21, 2021 |
![]() This is a classical example of NEXT LEVEL Naira has been devalued more than 3 times alone this year Convert your cash to $ to hedge against inflation check this thread out if you interested in crypto and US Stock Market https://www.nairaland.com/6467965/yazga-cryptocurrency-plays 12 Likes 4 Shares |
Re: Inflation: What Is Happening Pls? by Karlovych: 12:34pm On Jul 21, 2021 |
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Re: Inflation: What Is Happening Pls? by Kingpele(m): 12:35pm On Jul 21, 2021 |
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