ProJectAnatot:
The rate of inflation of general commodities especially food items is alarming to me . I have been in the southeastern part of the country since the end of January and some commodities like bread, soft drinks and even food have inflated by up to 50% since January. Please I am really confused about this situation.
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.

Pls ask , theraregem1, okefranci and d rest of "I support buhari/osinbajo" crew. In their world, u are just "wailing" because buhari/osinbajo have given us d best economy ever

Sonnobax15:

No be Buhari be the cause of every problem wey dey face Nigerians... Sometimes,we really need to be factual and be honest with ourselves....An average Nigerian sees any slight opportunity as a way to exploit his fellow Nigerians....Abi na Buhari dey sell flour? Na Buhari dey sell cement?
Abi na Buhari dey process cassava?

An average Nigerian like I said has the interest of the devil himself in his heart than that of his fellow Nigerian..

Oga, at the end of the day everything still bores down to the government directly or indirectly.

If you ask all those same cassava people why they increased price, they will tell you that there's increase in transportation, ask driver, he go tell you say fuel or disel Don increase

The same stupid government don't take security for farmers serious.

So government get hand inside the problem infact 99%

ProJectAnatot:
The rate of inflation of general commodities especially food items is alarming to me . I have been in the southeastern part of the country since the end of January and some commodities like bread, soft drinks and even food have inflated by up to 50% since January. Please I am really confused about this situation.
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.

Nothing is expensive. Any nation that makes an expensive mistake by electing the wrong president should never complain.

Since Buhari came in, everything became cheap. A dollar is now 1 Naira.

You people should stop complaining and learn to enjoy the change.

ProJectAnatot:
The rate of inflation of general commodities especially food items is alarming to me . I have been in the southeastern part of the country since the end of January and some commodities like bread, soft drinks and even food have inflated by up to 50% since January. Please I am really confused about this situation.
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.

Can you hear from the news that bubu says is as result of flood, insecurity and the likes?

skywalker240:

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

The key to success and I must share this secret with you which is uncommon but which should be adopted at all levels including government is to move investment off shore where there is stability and potential foreign exchange earnings.

Do your hustle or whatever you call it but invest a portion of your earnings abroad till this economy stabilises (that is, inflation returns to a single digit) and productivity levels rise once more.

Then the cost of living then begins to fall in your case.

When buhari stop TSA closing off so many ways of spread of money some zombies did not know the impact, when buhari closed broader instructing some major goods on stand never to cross broader knowing fully that we have not growing to absorb for ourselves he was not thinking straight, when it took buhari 6 or 9 months to appoint useless ministers the economy was on a stand still so many people investment pulled out of Nigeria, know we have hesdmen attaching farms we have bandit kidnapping we already had boko here investors scared to invest don't tell me oil price went down is it only Nigeria that is dependent on oil, we have a bad leader a bad political party who never believed the will win Election so when the won the beep had nothing to offer PDP was devil but APC is the devil monster you all refuse to speak out., we are scared to protect,scared to do so because theen gun down been arrested, our youth fucking watching BBN naija when we should have hit the street and roads demanding those jobs, hospital,good federal Roads and states, infrastructure, Police reform this beep up government promised we are afraid of death been shot we are afraid of been jailed we are afraid to speak up, we will die oneday we are so thirsty, hungry and our children will surely curse us for not acting... You are a disgrace to our founding fathers who fought for something. How do you even walk in the road knowing you can do something but choose to do nothing, how do you suffer to like this with out not saying enough is enough how what is wrong with you all. Beep you, your a curse being who refuse to do something for yourself and your future

ProJectAnatot:
So no one has any idea about what is going on?
Lalasticlala

. Okay, make we try.

Firstly, I don't want to sound negative but the fact is, achieving the U.S standard of living and that of most developed nations is unrealistic, based on projections of future resource availability and population growth.

With declining resources throughout the world, the ability to import foreign resources will be difficult with time.
How long are we going to import food to feed our growing population?


We have a growing population to feed and as you can see, the bulk of the limited resources are in the hands of few(corrupt politicians, stupid top security officials and the greedy capitalists) who have failed to provide the common man with the following e.g cheap food(subsidized agriculture), secure life and property(farm land) and infrastructure (ease of transporting produce).

Normally, the good thing about inflation is, if prices of commodities are going up(not too high) then the economy is doing well. That means people have disposable income and are spending. This is not the case of Nigeria (low income, slow growth and inflation = disaster)

Now, human behavior demonstrates a strong will to survive and would do rational and irrational things to achieve that.
As it stands, I believe you might have seen stat' from Nigerian bureau of statistics(NBS) on unemployment and underemployment.

Such reality can only translate data into "low or no income(unemployed) and slow growth(underemployed) in the economy of a society".

As population continues to expand in the middle of No - low income and slow growth, people become desperate and start looking for people with resources. Just see the Nigerian state today. A lot of petty thieves, yahoo yahoo, armed rubbers, herdsmen/farmers clash, bandits and boko haram kidnapping for resources etc.

Most foreign investors won't risk their investments in a place like that. So, that equals to less or no job(s) added. The criminal elements will continue to find people with resources. The environment becomes insecure because kidnappers, thieves and armed rubbers are looking for available bags to snatch and probably maim or kill the victim in the process.

Corrupt politians and stupid security men are not helping matters, they think of themselves and what they can get out of the system. After all, recent attacks of bandits, boko boys and kidnappers have shown that their own security is not certain, too.

Politicians must start by dividing the limited resources among more people if they want to reduce crime. Don't only look for more ways to steal the limited taxpayers money in order to maintain a flamboyant and wasteful lifestyle.
Eh go hot for una when hungry angry mouths full around una. Na tu tear una apart.


Again, those Small, medium and big enterprise with over ambitious and selfish character increasing prices anyhow. Yes, we know capitalism is all about profit, but your crooked ways of overpricing contributed to the current inflation.

Security officials should take the war to criminal herdsmen, bandits and boko haram so that people every man and woman can return to their farm. That is your job. Not stopping and forcing goods owner to give you money on the highways(they are also part of the cause of price increase). Shey gov' no dey pay una salary? Wicked and stupid fvcks.


Lastly, we have evolved to be more insatiable than our ancestors, and it has alot to do with the limited resouces. We are a generation of more spicy/ tasty nutritional food. Abi, you no dey see fat people everywhere..

The growing population need these foods. We drink portable water,beer and soda everyday. The hedonistic mentality aided by social media is another thing.. Example, see me ryding my Bentley, my this and that are better than yours. This comparison dey spark others to get their own, too.

With what I have seen and how everyone wants to ball(chill) big time and real quick, from kidnappers,ritualists, yahoo yahoo, armed rubbers, bandits, boko haram, agitators fighting for their own money, corrupt officials in low and high places, then I can only say the future is female dim for the country

BKayy:

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

I don't give a flying fůck about your opinion dude. Just so you know.

I'm not going to waste my time arguing with some random jobless ipob troll on nairaland when I'm supposed to be doing something productive with my day.

dontro:
Bag of "pure water" from N90 to N180 in just few months.

Na 200 we de buy here oo

If you earn in $$$ you won't notice. As commodities rise, dollar rate rises. $100 used to be 35k now its 50k, $10,000 used to be 3.5m, now it's 5m.

Funny thing is how some rich people still come out to speak and protest on your behalf and una go still slam them. Call them names! Make una enjoy, I really don't care.

heniford2:
When buhari stop TSA closing off some many ways of spread of money some zombies did not know the impact, when buhari closed broader instructing some major goods on stand never to cross broader knowing fully that we have not growing to absorb for ourselves he was not thinking straight, when it took buhari 6 or 9 months to appoint useless ministers the economy was on a stand still so many people pulled out of Nigeria, know we have hesidmen attaching farms we have bandit kidnapping we already had boko here investors scared to invest don't tell me oil price went down is it only Nigeria that is dependent on oil, we have a bad leader a bad political party who never believed the will win Election so when the won the beep had nothing to offer PDP was devil but APC is the devil monster you all refuse to speak out., we are scared to protect,scared to doe becausee has gun been arrested, our youth fucking watching BBN naija when we should have hit the street and roads demanding those jobs, hospital,good federal Roads and states, infrastructure, Police reform we are afraid of death been shot we are afraid of jail we are afraid to spendddk, we will die of hunger and our children will surely curse us for not acting... You are a disgrace to our founding fathers who fought for something.

Even though I find it hard to read your write up, I know say na Sense you talk so

Activist001:

I don't give a flying fůck about your opinion dude. Just so you know.

I'm not going to waste my time arguing with some random jobless ipob troll on nairaland when I'm supposed to be doing something productive with my day.

I can see that you are the lowest worker in where you are that does all the task.
Anyways if you believe you are doing the right thing and what the people want, why don't you come out to the people and speak to them, express your views in their presence and in random without the backing of the Fulani Nigerian police excort?

grossintel:
If you earn in $$$ you won't notice. As commodities rise, dollar rate rises. $100 used to be 35k now its 50k, $10,000 used to be 3.5m, now it's 5m.

Funny thing is how some rich people still come out to speak and protest on your behalf and una go still slam them. Call them names! Make una enjoy, I really don't care.

You be big guy naa, abeg show me love

Reference:


The key to success and I must share this secret with you which is uncommon but which should be adopted at all levels including government is to move investment off shore where there is stability and potential foreign exchange earnings.

Do your hustle or whatever you call it but invest a portion of your earnings abroad till this economy stabilises (that is, inflation returns to a single digit) and productivity levels rise once more.

Then the cost of living then begins to fall in your case.

Funny in this country, since the old idiot took over, nothing comes down again after inflated

Foreign investment is key though

Giroud12:
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

Dont believe that lame excuse that we import everything. Visit justrite or any major supermarket and look at the label of the products. You will find out 70% of the products are manufactured in Nigeria. From soap to ketchup etc.
We import no more than other countries doing well.
Certainly there are other reasons the country is tanking.

SenatePresdo:


Holding this government accountable is dead on arrival, lead the protest and get shot point blank on your one Nigerianist forehead.

That guy talks like a kid still under his parents roof

Or maybe he's one of the BMC people talk about here

.


Next nebul is here brethren. I bought 10kg of Semovita for 4k last month, I went to the same place yesterday and they said it has turned to 4.7k. Tears wan come out of my eyes..... I jejely bought 3 of it just in case it raises to 6k next months.

Olofo man closed border when his Cattle cousins are destroying farms. Bubu and his entire generation no go die well.... Including those supporting him.



.

Strange! When Igbo hatred, IPOB massacres, MNK and IGBOHO arrest is not improving my life try more Igbo hate, IPOB massacres and MNK and IGBOHO arrests. Why change a winning formula? Lunatics, Everywhere!

There are many factors that have caused the dire economic situation (which is telling in skyrocketed food prices) we are all suffering in this country.
1) Terrorists running amok unchallenged in the far North and North Central thereby affecting key states that produce a bulk of the food we eat.
2) Bad roads
3) This administration devalued the Naira. Coupled with the perpetual borrowing of money they often do, it has rendered our economy useless and destroyed our credit worthiness.

But crucially to define our problem. It is just poor leadership. Our government/leaders have hurt the country so badly with their maladministration.

We are in deep trouble.

while let drop a short note for u here........ listen attentively when the herdsmen ar not allowing the farmers to go the farm, and bandit are also chasing people from ther farms , kidnappers are waiting to kidnap u my brother what do u expect inflating on food commodities, the worst is that the government of Nigeria don't ever care about the price increase of these product.....all the care about is E-election motherfuckers.....

Tokskob2008:

You be big guy naa, abeg show me love

Boss we just dey manage oh.

It is everywhere

Hahahaha!

grossintel:
Boss we just dey manage oh.

My Oga manage get levels o, for me like dis I don dey manage hunger since last week Friday and no hope till now. Make God help man for dis country.

Activist001:

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.

Shut up

Please I understand ur pain, but don't worry I will talk with my uncle Buhari to do some about the situation. Before niggas begin to eat gravel inplace of groundnut.

Una never dey ready for change !
Complaining without Action = waste of energy.

grossintel:
If you earn in $$$ you won't notice. As commodities rise, dollar rate rises. $100 used to be 35k now its 50k, $10,000 used to be 3.5m, now it's 5m.

Funny thing is how some rich people still come out to speak and protest on your behalf and una go still slam them. Call them names! Make una enjoy, I really don't care.

Omo,


Boss make Dem sorry man pikin, abeg show me how to use hook.

My joy is that if things continue this way till next year, APC on their way to lose

Starboytwo:
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?

Ban on importation of food greatly contributed to this soaring prices since Nigerians refused to grow what they eat even when the ban was already in place.
Buhari should encourage and support farm mechanisation across the country

President Buhari just said it that the increase in prices of commodities is as a result of flooding, insecurity, and middle men.

ProJectAnatot:
The rate of inflation of general commodities especially food items is alarming to me . I have been in the southeastern part of the country since the end of January and some commodities like bread, soft drinks and even food have inflated by up to 50% since January. Please I am really confused about this situation.
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.

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