Sebi na we Nigerians, the one trouble we dey cause, even devil dey learn work. Na Greed dey kill us so.

Ogbono is now 400/cup...see o, dem dey import am? What of Palm oil... I heard its 800/bottle can you imagine? Pure water is 150/bag OK...... The most painful is egg, 40/50 naira per egg.... wait fowl dey use generator lay egg again?

Which kain wahala be this now? I'm just tire

fratermathy:
[s]However, some of these "Christian" retailers/kiosks owners/market sellers, etc, take pleasure in using the recession as excuse to make double, sometimes triple, their profits. I emphasized "Christian" because Muslims hardly do this. [/s]

angeltolly:


Sebi na we Nigerians, the one trouble we dey cause, even devil dey learn work. Ogbono is now 400/cup...see o, dem dey import am? What of Palm oil... I heard its 800/bottle can you imagine? OK...... The most painful is egg, 40/50 naira per egg.... wait fowl dey use generator lay egg again?

fratermathy:


That is exactly my point o. Sellers will just have a meeting and increase prices of things without considering the effects on the masses. Not everyone in the society has the luxury of earning much to meet up with the high costs of things. What's more annoying is that these increments have nothing to do whatsoever with the recession! They are purely artificial.

The kind way God go take judge Nigerians ehn, dem never even develop am yet.

angeltolly:

Sebi na we Nigerians, the one trouble we dey cause, even devil dey learn work. Na Greed dey kill us so.

Ogbono is now 400/cup...see o, dem dey import am? What of Palm oil... I heard its 800/bottle can you imagine? Pure water is 150/bag OK...... The most painful is egg, 40/50 naira per egg.... wait fowl dey use generator lay egg again?

Which kain wahala be this now? I'm just tire

ckmayoca:
I wonder why barbers on the street charges 400, 500 when campus barbers charges 150 or eve 100 is some cases. Same with laundry services too.

ephi123:
The religious angle just ruined this article, sorry. Otherwise would have been an interesting discussion.

DaudaAbu:



Well , chicken dont use generator to lay egg but they need layers mash, which the poultry owner has to buy. Though i dont support any of this but its true we are our own enemy.

The one that pain me pass is cup of garri. The cassava is farmed here, the processing is done here. No single imported or bought item added yet they will tell you recession is what cause the price hike.

And its true that the northerners dont exploit people becos of the inflation. Check oit the price of tomato, onions, pepper, maize etc etc. Most things produced in the north are still cheap. Do you think they might not have just decide and make it expensive and claim its recession? But they choose not to

fratermathy:


Nothing ruined anything. We have to tell ourselves the truth. Religion has not helped anybody. We are all hypocrites!!!!

How can we claim to be God-fearing, loving and good when we constantly seek for ways to defraud our fellow humans??

Greed, like one lady said above, is a human thing but it is common among some persons than others and in the Nigerian context, religion is the best way to prove the point.

fratermathy:


@Ephi123: see the boldened.

In the North, as is common in most Islam territories, prices are fixed and no one increases them to defraud others. The fixing of prices has more to do with "value" and "quality" than anything else.

ephi123:


If you want to start a religious discussion then do so, if you want to have a discussion on recent price increases then do.

As far as I am concerned, there is a cumulative effect, e.g one of the examples you gave, yes chickens do not require generator to lay eggs but you've failed to realise that the transport cost of the seller to buy the chickens and their feed would have gone up, the chicken feed itself would likely have gone up combined with the general living costs of the seller. The seller obviously has to pass these costs on.

As I've said, without the religious generalisation it would have been a great article. You don't have to agree, it's my opinion.

ephi123:


Same region where people are macheted and beheaded on a whim. Different shades of evil if you ask me.
Anyway, don't let me derail your thread, I only just gave my opinion.

futurenix:
There is no doubt manufacturing companies who rely on forex are increasing their cost of production and I believe that's not what the OP is arguing about cause that will be so lame.

fratermathy:


All I know is that adherents of traditional religions, Muslims, etc, hardly inflate prices. Even within the Christian community, Jehovah Witnesses don't do it but most do bizarre things in the name of business and they'll end up going to church on Sundays to do thanksgivings, after cheating people.

As for liking the article, it wasn't a competition. My message has been passed.

By the way, I'm not the one who illustrated with chicken and egg. I'm concerned more with local produce such as food items, oil, etc.

Suprnov3r:
Apparently the writer and his cohorts failed Economics in school

The price increases are not profit driven... but driven by factors of production. We have a free market economic system. Even for locally produced items, their real value is not in the price, but in the exchange value of their produce.

ephi123:


I know. In my opinion, Nigerians are only religious but far from being God-fearing, both "Christians" and "Muslims", but I would not generalize and say one group is better than the other because they display their evils in different forms.

I would have loved to see other objective comments about the price increases without the cloud of religion hanging over the thread. Was a great read all the same.

Sibrah:
The fact that a man produces wholly local goods doesn't make him an island separated from foreign goods. A farmer who uses local fertilizer to cultivate local seed still needs imported fuel to transport his harvest and do other basic things.

fratermathy:


My focus is on local production. If you read the article you'd see I used oil as a case study.

fratermathy:


Factors of production?

Oga economist, oya gimme the factors of economics that warranted the increase in oil, akamu (pap), garri, ogbono, melon, etc?

fratermathy:


A reread will show that I have edited the christian-muslim factor and regionalised it instead. In whatever form it is expressed, Northerners must be commended for not being as greedy as Southerners.

I'm not adamant to constructive criticism.

fratermathy:

.

futurenix:
There is no doubt manufacturing companies who rely on forex are increasing their cost of production and I believe that's not what the OP is arguing about cause that will be so lame.

Let me use this garri producer as an example

I produce a bag of garri in a week and previously sell it at 12000 naira. Then I used to buy my peak milk for my breakfast at 100 naira, my sachet milo at 30 naira. I often transport my cassava to my home at 100 naira and to the market after production at 200 naira.

Now the company producing peak milk has increased their price dueto the unfavorable exchange rate and now sell to wholesalers at 100 naira which was initially sold to them at 80 naira while it's passed to retailers at 90 naira. The wholesaler adds his usual 10 naira profit and said hey I bought kerosene to cook last week at 300 naira and other things have increased prices too. so I have to include extra 5 naira for this milk to cover for those extra cost on those my daily needs. He now sells to retailers at 115 naira.

The retailers who normally buy at 90 naira and and sell 100 naira will also add their 10 naira profit and since they have also realized their daily expenses has increased will add 5 naira to cover it and now sell at 130 naira to the consumers and I the garri producer will now buy the milk that used to be 100 naira at 130 naira.

Probably while bringing his garri he noticed the transport to the market has also increased from 200 naira to 300 naira.

Same goes for the milo I used for my breakfast and my bread too.
OP, if you were this garri producer will you still sell your bag of garri at 12000 naira?

That's called a "ripple effect" in economics if at all your economics teacher taught that.
It's ripple because it transfers.

fratermathy:


A reread will show that I have edited the christian-muslim factor and regionalised it instead. In whatever form it is expressed, Northerners must be commended for not being as greedy as Southerners.

I'm not adamant to constructive criticism.

Suprnov3r:



If your bank goves you N1,000,000 at an interest of 15% for catering your needs in 2014 and the interest rate is raised to 25% because of inflation in 2017, how does the farm entrepreneur factor that increase to maintain profitability?

How does he cater for increased labour costs? Cost of repair and replacemnt of worn parts in machinery? Increased cost of power needed for milling machines and farm disel engines? Cost of logistics and seedlings?