According to trading economics, Nigeria is experiencing over 27.33 percent inflation and 31.52 food inflation rate.

While neighbouring Benin republic is experiencing -1.10 percent inflation rate and -8.30 percent food inflation rate which can be translated to deflation. Check screenshots below.

Obviously something is wrong in Nigeria na

They import all manner of food leading to competition for best quality at a lower price but Nigeria locked his own border to compete for the few food produced locally with resultant inflation in price .
Survival of the fittest kind of economy

Ask APC govt

Because we have clueless morons in charge

The answer is simple.
It is as a result o Poor leadership.

When it comes to management nigeria carry last.

President Sunday Igboho ruling Benin from his prison cell..

Ask Asiwaju

Hmm

femicyrus:
They import all manner of food leading to competition for best quality at a lower price but Nigeria locked his own border to compete for the few food produced locally with resultant inflation in price .
Survival of the fittest kind of economy

Youre right. Benin has no manufacturing base. Most cfa countries dont. They are just an extension of the french market. Ivory Coast, the largest cocoa producer in the world, has been crying for its cocoa industry value chain to be extended. Yet it still imports chocolates. The economic reality may be harsh in nigeria, but i doubt we are headed in the wrong direction. We are increasingly having a substabtial manufacturing base.

Svoboda:


Youre right. Benin has no manufacturing base. Most cfa countries dont. They are just an extension of the french market. Ivory Coast, the largest cocoa producer in the world, has been crying for its cocoa industry value chain to be extended. Yet it still imports chocolates. The economic reality may be harsh in nigeria, but i doubt we are headed in the wrong direction. We are increasingly having a substabtial manufacturing base.

You need a basic lesson in micro economics
Stop spewing trash with confidence in public

NIGERIA ECONOMY IS DOLLARISED WHILE BENIN REPUBLIC IS CEPHANISED. NIGERIA IS THE ABRACADABRA HERE.

Amarabae:

You need a basic lesson in micro economics
Stop spewing trash with confidence in public

Counter my point or go look for ibuprofen.

Tinubu is building inflation, he’s a first class accountant, he knows what he’s doing.

Simply because they are NOT led by a Druggie Ebola CRIMINAL dude, like Nigeria. 🤨🤨🤷🤷

Simple answer, good governance... Not stolen or foisted governance.

Tinubu is mad for aspiring to be president when he lacks the intelligence for the office.

We were telling these idiots then that Nigeria is at a stage you don't hand it over to an idiot like Tinubu, but tribalism blinded them.

Now, we're all in this fuckkkking shit together. IDIOTS

Deflation is not good for the economy either. It shows that the people are too poor to stimulate demand thereby driving down prices.

Nigeria is controlled by the west and Benin rep controlled by France

Akinomoakin021:
According to trading economics, Nigeria is experiencing over 27.33 percent inflation and 31.52 food inflation rate.

While neighbouring Benin republic is experiencing -1.10 percent inflation rate and -8.30 percent food inflation rate which can be translated to deflation. Check screenshots below.

Benin is probably the only country in the world experiencing a deflation

Nbote:
Because we have clueless morons in charge

And y they thrive is that they have clueless morons as the population

Akinomoakin021:
According to trading economics, Nigeria is experiencing over 27.33 percent inflation and 31.52 food inflation rate.

While neighbouring Benin republic is experiencing -1.10 percent inflation rate and -8.30 percent food inflation rate which can be translated to deflation. Check screenshots below.

Buhari and Tinubu are the worst things that had ever happened to Nigeria. Tinubu is out of ideas. We should have listen and chosen Obi.

Above anything, they produce enough excess to cover what they lack.

Akinomoakin021:
According to trading economics, Nigeria is experiencing over 27.33 percent inflation and 31.52 food inflation rate.

While neighbouring Benin republic is experiencing -1.10 percent inflation rate and -8.30 percent food inflation rate which can be translated to deflation. Check screenshots below.

We have stupid economics graduates ruining the country.. Eg is Emefile.

raskymonojendor:

Benin is probably the only country in the world experiencing a deflation

Japan and Thailand have been experiencing deflation for some time now

Benin Republic is not really a country.

It is a France outpost.

Yet things are still far more expensive there than in Nigeria

femicyrus:
They import all manner of food leading to competition for best quality at a lower price but Nigeria locked his own border to compete for the few food produced locally with resultant inflation in price .
Survival of the fittest kind of economy

God bless you sir, you see how those politicains derive joy in seeing Nigerians suffer..

Svoboda:


Youre right. Benin has no manufacturing base. Most cfa countries dont. They are just an extension of the french market. Ivory Coast, the largest cocoa producer in the world, has been crying for its cocoa industry value chain to be extended. Yet it still imports chocolates. The economic reality may be harsh in nigeria, but i doubt we are headed in the wrong direction. We are increasingly having a substabtial manufacturing base.

when all of us die finish nah