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Nairaland Forum / Nairaland / General / Food / Inflation: What Is Happening Pls? (32678 Views)
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Re: Inflation: What Is Happening Pls? by CaveAdullam: 12:54pm On Jul 21, 2021 |
Temptee101: Yes, personally, I love the fact that Buhari is Nigeria president, because if not so and the present economy is still prevailing under another president or political party, the masses would have been inveighing and glamouring for Buhari and his confederates. But since this is not the case, the saint everyone was praising and yearning for isn't truly competent. However, previous and current government will definitely be juxtapose so that the state of the nation can be ascertain, that is, to determine if the nation is going backward, stagnant or moving forward. And in order to determine this, those in the helm of affairs must consider the factors I listed. Hence, stating Buhari as the cause doesn't really correlate in its truest sense. Thanks. 2 Likes |
Re: Inflation: What Is Happening Pls? by neyoohhh: 12:54pm On Jul 21, 2021 |
vcente: Correct, wish you could elaborate on the "actions". If Nigeria was to focus on a single task, what should it be? |
Re: Inflation: What Is Happening Pls? by Nobody: 12:55pm On Jul 21, 2021 |
ProJectAnatot: It's as a result of the fiat currency system since no national currency is backed by gold, govt can destroy Naira purchasing power by printing more currencies into circulation generating inflation which destroys the value of the Naira , as wages remain stagnant, trust in government is reduced |
Re: Inflation: What Is Happening Pls? by Giroud12: 12:55pm On Jul 21, 2021 |
No be small tin ooo mr op , last week abi earlier this week nigeria custom service told us that they have made over one trn naira in the first half of the year , and i think this is the main cause of inflation in nigeria, because we litterally import every thing we use in this country so the cost of clearing these goods have been multiplied by our custom guys , in other to rack in trillions of naira for the country Insecurity is also playing its own part too , because many farmers stoped farming just for safety reasons 2 Likes 1 Share |
Re: Inflation: What Is Happening Pls? by ProJectAnatot(m): 12:55pm On Jul 21, 2021 |
WalkerMichael: ![]() 1 Like 1 Share |
Re: Inflation: What Is Happening Pls? by EkperemoEgbabi: 12:55pm On Jul 21, 2021 |
Iwanttoto: Cc aka NLPoliceWoman ![]() 1 Like |
Re: Inflation: What Is Happening Pls? by Emulti(m): 12:56pm On Jul 21, 2021 |
Change(4+4). Enjoy it while it is hot. 1 Like |
Re: Inflation: What Is Happening Pls? by Reference(m): 12:56pm On Jul 21, 2021 |
ProJectAnatot: Elections have consequences. That's all. Every other thing has been discussed exhaustively on this forum if you have been reading objectively and dispassionately. |
Re: Inflation: What Is Happening Pls? by vcente(m): 12:56pm On Jul 21, 2021 |
neyoohhh:I've done so |
Re: Inflation: What Is Happening Pls? by ProJectAnatot(m): 12:58pm On Jul 21, 2021 |
BLOODYSPERM:I read somewhere recently that Nigeria's GDP depreciated by $180m within two weeks.. are they all related? |
Re: Inflation: What Is Happening Pls? by Kindfund: 12:58pm On Jul 21, 2021 |
Bubu till 2040, Na change we need.. |
Re: Inflation: What Is Happening Pls? by Mystery9(m): 12:59pm On Jul 21, 2021 |
Some people will even vote for APC in 2023 ![]() 2 Likes 1 Share |
Re: Inflation: What Is Happening Pls? by BKayy: 12:59pm On Jul 21, 2021 |
Activist001:Haven't you heard of the term "saboteur" before? Sharing different idea is ok within a society but it has its limits. When the opposing idea posses danger for the future of the society, it is called sabotage. When it includes pinning down the group for the benefit of a rival, in other terms selling out or submitting for dominance out of fear or selfish gains, the owner is branded a traitor. We now understand this, so there is no reason to call you a BMC or Fulani because you don't exist in the Igbo future. You are just an Igbo name carrying anti Igbo 1 Like |
Re: Inflation: What Is Happening Pls? by biafrasun: 12:59pm On Jul 21, 2021 |
Iwanttoto:I soo much hate that fool any day I will see her face to face he will bite the ground . 1 Like |
Re: Inflation: What Is Happening Pls? by Nobody: 1:00pm On Jul 21, 2021 |
we were all eager to remove jonathan from office.. nt knwing our action wil come back later to haunt us . karma is a beach truly 4 Likes 1 Share |
Re: Inflation: What Is Happening Pls? by CodeTemplar: 1:01pm On Jul 21, 2021 |
WalkerMichael:In your head, anyone who complains voted in the current government. Keep it up. |
Re: Inflation: What Is Happening Pls? by Sicilyjoe: 1:01pm On Jul 21, 2021 |
1 greedy 2 greedy 3 greedy |
Re: Inflation: What Is Happening Pls? by ProJectAnatot(m): 1:03pm On Jul 21, 2021 |
BKayy:I think everyone is feeling the heat not just "terrorist Nigerians". 1 Like |
Re: Inflation: What Is Happening Pls? by Reference(m): 1:04pm On Jul 21, 2021 |
Temptee101: Cracked me up a bit... ![]() In a democracy it is impossible for a single individual to change the course of a country unilaterally. It doesn't work that way. |
Re: Inflation: What Is Happening Pls? by ComeToJesus: 1:04pm On Jul 21, 2021 |
Your economy is on a free fall. There's no economy driver. No clear cut development plan. What you have is knee jerk reactions that that the mediocre regime of Mr Buhary calls policies. He appointed quack ethno loyalists to manage an economy of over 200 million people. He's failed in all indices of development like he failed in 1983/84. The Governor's are worse off. Their main preoccupation is to line their pockets with monthly FAAC allocations converted to personal security votes. Bandits, otherwise known as Boko Haram are being pampered instead of being routed out. Your president and his inept team are black belt holders in incompetence. We shall survive the remaining two year of the worst, quack government this country has ever seen. 5 Likes |
Re: Inflation: What Is Happening Pls? by Nobody: 1:05pm On Jul 21, 2021 |
ProJectAnatot: Yes it's related the greater our national debt from borrowed external currencies from China( Yuan's) , World bank( Dollar), Islamic banks and also issuance of new bonds creating new currencies borrowed from our treasuries without any meaningful economic activities ( productivity of goods and services), but rather large amount of currencies circulates the economy which drives up the prices of the already stagnant economy Just look at our debt to GDP ratio 1 Like 1 Share
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Re: Inflation: What Is Happening Pls? by skywalker240(m): 1:06pm On Jul 21, 2021 |
Sakamaje:My guy, no yeye double Make person hustle turn jackey first? Upon all the multi hustle at the same time men de run here, dem still de complain. The stupid government must always deliberately bring wetin go cause Sapa That's why I no de blame anybody wey see chance japa leave the country, even the middle class de japa too 1 Like 1 Share |
Re: Inflation: What Is Happening Pls? by Nobody: 1:07pm On Jul 21, 2021 |
ProJectAnatot: Buhari is not the issue whether his government is in power or not , Nigeria will experience it regardless that's the price to pay for using fiat currencies not backed by gold or gold standard, Bankruptcy and hyperinflation 2 Likes |
Re: Inflation: What Is Happening Pls? by ProJectAnatot(m): 1:07pm On Jul 21, 2021 |
seborrhic:I agree with this your assertion. 100% true. 1 Like |
Re: Inflation: What Is Happening Pls? by Zeezy81: 1:08pm On Jul 21, 2021 |
Activist001: Get help |
Re: Inflation: What Is Happening Pls? by InsideLove(f): 1:09pm On Jul 21, 2021 |
Hardship in the country has reached all time high. It has never been like this before you. What my mum told me. Seems like just ending this life is the surest smartest way of escaping this unbearable hardship. |
Re: Inflation: What Is Happening Pls? by BKayy: 1:09pm On Jul 21, 2021 |
ProJectAnatot:No not us. We are used to pain |
Re: Inflation: What Is Happening Pls? by Ola17: 1:09pm On Jul 21, 2021 |
CaveAdullam: 5; oil has been trading for $70 and above for long. 9; are you for real? Wetin concern inflation and immortality ![]() |
Re: Inflation: What Is Happening Pls? by ablejesus26(m): 1:09pm On Jul 21, 2021 |
My joy na se all of us dey follow suffer am together. May the strongest survive � |
Re: Inflation: What Is Happening Pls? by toffyz(m): 1:11pm On Jul 21, 2021 |
mzBEAM:Only If he has bad and evil intentions for the country for real. He might be ignorant of some of the happenings. |
Re: Inflation: What Is Happening Pls? by Abujason: 1:11pm On Jul 21, 2021 |
When you decide that a cattle rearer and former military dictator without education or basic understanding of economics is the best person to lead your country, that’s what you end up with. Get ready for even more difficult times ahead. 4+4+4 loading… 5 Likes 1 Share |
Re: Inflation: What Is Happening Pls? by nedekid: 1:12pm On Jul 21, 2021 |
dmbb:How is this a tribalist, ipob or pdp writeup?? ![]() OP is wondering what could be the cause? Eg 1 month ago Mobile engine oil has increase price thrice, 4000, 6000 and now 8000. How is it strange to wonder the cause? 1 Like 1 Share |
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