Topic: Is Dollar The Cause? (Read 599 times)

Dollar no be any cause, that wetin don already dey our body, we don dey even find way to make things worst for people especially those people wey dey sell food stuffs, u go see say the price of food stuffs dey high, and wen u talk, they go say na dollar but now wey price of dollar don come down, the price of things still dey high and now the excuse be say na as they close border na e cause am, even if they still open border, the price of things go still dey high and another excuse go still come out, so na we we dey make things hard for us and not the government or dollar, na God go just help us for this country.

Funny to see Nigerians blaming the hike in prices of commodities because of dollar. The exchange rate of dollar to the Nigeria currency is quite different and we should always know what's right on our ends. The government are trying their possible best to make things balance but greedy Nigerians doesn't want to give room to development but ready to stock themselves in massive profits and making life hard for the common man.

Dis increment in price sef no be issue of dollar wey rise for the country, wey the matter originate from na from d increment in price of petroleum products. Every of dem, the dollar rise and fuel hike all contribute to the tin but even before dollar go rise, tins don already dey increase for the market. All dis government policies wey no dey favour us come be like say dem no dey look into the tin wella. For a petroleum price increase, every thing wey go involve the use of petroleum to get the goods to their destinations go immediately increase money because of cost of fuel consumption. Person wey dey buy the products to go resell go come add their own money too, na so d price go increase for everywhere.

Even person wey dey buy rice for 1mudu N800 come see say e don reach N1000, if him too get wetin him dey sell and na from their e dey get money to buy the rice, him go add him money too for him products so that him go meet up with the current price of goods for market, na so e dey be dey go. Some increments dem no really get choice but some people dey really take advantage of the tin dey make life worse for people. For such instances, I no dey too gbadu people like that, everywhere don hot for us all, make we dey try check dey look into tins for one another when it come too adding money to your price of goods.

Nigeria is a country that is base on importation we import most of the goods we consume in Nigeria we import machinery also, and so when the dollar rate increases the cost of importing goods also increase there buy making every goods in the country high in price even house rent.
Now the reason house rent will also be affected is because if a landlord depends on his estate for finance in running his day to day activities and the money he gets from rent has been beaten very well by high cost of goods it will lead to increment in rent and also in the cause of running maintenance in the house they buy things which has already been affected by high price this also lead to increment in house rent.
So you see how high rate in dollar also affect house rent in Nigeria.

 I greet una oo..Abeg I deh new for here but I wan tell una my own opinion
This issue taya me as e taya anybody for here,d way things deh go yo these days and then go say nah because of dollars I know just know why.
The food aspect nah worst pass,u enter market today, tomorrow go dat same market everything dun increase and the price dun change just like that,and when u go ask one reasonable person,dem go say dollars dun increase oo nah why the price of things kuku increase but I come deh do rough check with myself how this kind thing take deh possible but I get to understand one thing,weh be say transportation nai be one Koko weh deh cause this thing but most people know wan see am like that.

The area weh I deh if I tell u the price of fuel,and dem know get much filling station weh get fuel like that,now as  e be so how do people,market men and women wan take market their goods or do business..so nah why d increase dey come from no be dollar anything.
And another thing I believe be say our money bo too get value again over dollars so nah why wen the dollars deh increase e deh worry our naira  deh make am deh depreciate as e be fiat money,so this one go urge us to put ourind for crypto currency Wella cause nah dat one be the way for now.
Nah so I see this thing oo

Omo the way this country dey now everyone don already tire for the country matter and na why most person sef no dey fit complain again. Dollar or no Dollar the problem if this country is still rooted at the top because if there is solid foundation at the top it will definitely reflect on the bottom too but since the top men dem just dey like people wey no send na so the matter sef be for people down infact this problem of Nigeria na virus and I bet you say e don actually affect every Nigerian staying in this country.

Na waiting I dey reason be that know be dollar price they make things dey increase price because when dollar decrease to 1,100# still nothing drop he still dey as he be so they go get another issue where dy affect our foodstuffs that is making it to increase price is not dollar anymore. And I believe the your matter if know be say fuel reduced price I know dey show say things for market go decrease, our government just dey chop money dey go he know care about the youth since he be boss now nothing dey fit do am he will do what he like, na only God go only make price of goods drop down for this our country because if we say na government go decrease the stuff he go hard. How am seeing this government he know even shake body to solve the problems of increase price in the country he just stay with is family they enjoy without funding to solutions to make things good.

Yes dollar has turned everything, like you said earlier a bag of cement used to be 4500 latest#5000 back then but now, is times2 of this amount to be honest,can a bag cement still come back to the normal price or is it still going to increase nawa for this country oo

Landlords and landlady are not to be blame for de high cost of rent neither is dollar the cost but rather the present economy situation.The country has being facing economy recession which has affected the cost of everything.

One thing wey me I see say na him dey cause all this increments of house rent and other stuff na the yahoo boys no be only Dollar wey make things they costly reach this extend because for my place now yahoo boys don make everything go high like mad just ordinary jeans wey will being dey always buy 5k now if you no hole 20k you no go fit buy am again wey be say the time wey them never come my place things just dey normal for everybody, but now people wey no get work dey find things difficult to pay house rent.

Upon say the dollar wey piple dy cry for don take style drop small, things no dy as if something happen to the dollar, today we go see dollar to naira at #1260 the next day e go be #1500, like wetin dey happen?
Prices of things no dy affected by this dollar matter as e dy vime down I no go lie. I still dy talk am say until fuel price drop to either #300 or #400 I no sure say prices of goods go drop. All these things dy make the common man to mind how him dy spend and piple no fit chop wetin go give them blood becos things dy high, I no know who go solve this problem for us like this...our government no follow at all.

The thing is that dollar affected many things but Nigerians are increasing some goods extravagantly on their own, we know about building materials being costly be some of them are been imported into the country by the use of dollar for either purchase or import duty payment but one thing we should know for sure is that nigerians traders are another problem that we have in Nigeria, once there is a market speculation or any little hike in fuel price, they will just decide to increase even their old stocks without considering that even though the increase in it time 5 the government will still afford it but the common people will be meant to suffer for know reason.
The house you mentioned is because the government fail to do the right thing, in the land act government owns all the land, if they decide to solve housing deficit it won't take them anything, people are using the excuse that dollar is high to perpetrate evil just becsue the government decides not to monitor what is hppening in the system, if the government owns enough house i dont think all this fees and continuous hike of rent will be in existence, our problem is the government failure in all aspects.

Dollar no be the cause of anything wey dey happen for this country, anything wey dey happen for this country na we and the government dey do am, just imagine how things dey cause now, meanwhile dollar don come down well well o, yet the price of things still dey high, we just dey add price for things we dey sell just to take advantage of people knowing fully well say na suffer dem dey suffer us, even the government them self, to create job opportunities self na war, even some people wey still dey work office work or dey work for government, to pay them dem better salary na still big wahala for them, with all this how dollar be the cause rather for me I see dollar as the solution to the our current economic pressure self, because assuming say dollar dey high and things dey cost like this, person like me no go too reason am self, we dey country where God don bless yet we dey just dey suffer ourselves dey blame dollar.

Housing mats is bigger than most things in Nigeria, in some places you can't afford the necessary bills for a comfortable environment because of how costly they are, I can recall when I wanted to reside in Lagos state because of some business movement so I have to pay for a house 1 year rent but I couldn't find any comfortable environment so I now have to rent a batcher house for over 150 thousand naira plus and agent fees is not included, no water and its also a public bathroom. I just have to pay because I have no other options. Landlords are also making things worse because if one do does not have a place we're he can put his/her head after every movement he made the person will not be okay. Housing is the first thing that one can have and stay comfortable before thinking of what will bring money to them. I have seen some people that have were to go and start working but they don't have house to stay there because of how costly rents are, and they can't afford they money as well (how can a House rent be bigger than ones 2 months salary?)
You are correct, and I don't think they only spoiled house rent's, other things are also involved, now one can not go to a boutique with 100k and buy up to 5 fine cloths and shorts. While I was growing up, I can remember when my uncle gave me 6500 naira to buy Christmas clothes, the money was very enough for me to buy everything I want but now 6500 can't afford 5 boxers   , however I think the reasons why they are spending the way they do is because they didn't suffer to get the money.
Housing is cost in most countries as their currency is already bigger than our own, people's yearly salary is just 2 or 3 months house rent. Some of our country people that travels to those countries don't stay alone, they pair with other people so that they can be able to afford the bills there. Over here in Nigeria we are leaving a free life as many of us are not paying taxes.

House matta pass dollars own but make you know say dollars dey affect everything for the country because we dey use dollars import fuel and na fuel dey control our movement through transportation and the rest. Dollar dey affect all our importation and the things wey we dey use build houses are mostly imported so dollars dey affect house but apart from the house na agents follow for this high costs of house. Make we first talk about landlords dem wey no dey Nigeria and dem dey hand over the house give house management companies, dem go come add their own price and plenty charges so dem for fit chop and the the landlord wey dey the country come dey see wetin people dey willing to pay for the other houses go come increase their own and from their houses around that area go come dey cost carelessly.

Yahoo boys/fraudsters follow too because those one dey rush house like water and dey willing to pay any amount which also motivate the other landlord to increase their own house rent to fit cash out too.


We no dey homeless here oh, go America or other Western world and you go see wetin dem dey call homeless. House cost everywhere normally, e get people wey dey pay our yearly fee as monthly house rent like for American, Europe so no too complain but I dey understand because the house rent matters just come from no where and na agents we go blame mostly for that one because when we been just dey meet the landlord directly, house no been cost like this but since agents done enter na so everything begin they increase.

It is not the fault of those landlord and they are not to be blame it is de economy of the country that cause it..if u evaluate the cost of building a house in 2020 and now u will notice that there has been a drastic increase in building.Just imagine u HV a house for rentage and that is ur source of income ,prices of commodity has gone up in de market, transportation, school fees and every other things including cement.will HV de mind to be renting out ur house at a lower?. Don't forget that it is de money u realised from this rentage that u will use in paying ur Ward fees, feeding , transportation, rice and every other need.so see that u don't HV to blame landlord for the high cost of rentage.

One thing we need to understand about the hike in prices in our country is that its cuts across all sectors, both feeding, commodities, housing, services rendered by skills men and transportation. The reason is that no service provider is autonomous, it still needs the other sectors to balance its activities and as such adjusts itself to meet with the pressure coming from other services that are provided to it and still make a living.

Take for example, the housing which is the bone of convention here, you pay rent to the landlord and that same landlord uses the funds to buy foodstuffs at the market which is very costly, he uses it to fuel his car with the hike in price there, used the same money to service his car, buy spare parts if necessary,  used the same funds to pay for his children school fees which almost every school increased their fees from last year.

 Basically the cost of living is high recently and every service provider has adjusted the pricing of their services to meet with the standards of living. I have some friends in the hardware repairs sector who didn't increase the pricing of their services, they always complained of the economy and running into loses instead of gains. I advised two of them on the negative effect of not increasing the prices because they're afraid to lose customers, but instead increase the prices accordingly and explain to the clients why its so. They took my advice and they're doing fine now.

Onto dis dollar mata I hear for radio say market piple don dey complain say things no still dey normal as dollar wey plenty plenty piple dey tok say e don com down but things still dey high say make government do something, say dis one don dey hunt even dem for market.
So as e be so where we wan put hand bcos everybody dey take dis dollar mata dey play and now e don dy wori everybody, if dem say dollar don reach #700, materials for building and oda market things and chop chop things go come back as normal?
One man say if dem no sell as dem tak buy am say na dem go lose so how dis one wan be for us?

Na inflation problem no be dollar. The government go try put hand take draw the price of fuel down. Na the price of transportation wey go make commodities wey dey for local consumption go down. Even when importers carry market come like building materials, custom dey charge no be small plus other costs wey you go run for corrupt offices before dem go gree release your market no be small money. To clear 40ft container now I hear say na around 14/15 million and so naturally dem go add am inside the products wey dem go sell. So before we go begin feel the impact of the current reduced exchange rate, the government go put hand for petroleum products and na that one go drop transportation cost wey local people go know and feel before dem too go drop price.

You do well, Lizzy to drop this kind thread. But first first make we know sey like this eh, no be everything wey go wey na dollar cause am. You dey get? I no dey talk sey dollar no dey affect everywhere o. Because when dollar go up, everything go follow because most raw material prices them dey very very tied to the exchange market. But our lovely Naija na place where anybody fit do anything. 😂To me, e no get any reason why egg go add price na. Wetin fowl dey chop?
Why garri go dey cost? Cassava, na we get am, wetin be the thing?
Even if a certain area, dollar no really affect, as the business owner see sey everything don dey cost, en go feel say he gats increase him own price to match.
Dollar na one reason for price increments, then there's fuel too. We know seyif fuel go up, we go hear sey pure water na 100, 150 per satchet😂
Well as e take concern the rent matter, make we understand sey first first, new building dey cost to rent, two, the maintainance and cost of the building too dey affect rent. As price of materials dey high for market, na so the maintenance too go cost and the landlords too they wan see their money , e suppose highif dollar high, but na the intensity of the highness na I'm be the thing. Some landlords fit dey inconsiderate for how them dey raise am
Another thing wey dey make house cost na the location.
If the house dey sited for well developed area, normal, e gats high but knack am that one, knack am fuel, knack am dollar, you go understand. But the funny thing there be say even if dollar fall, naira go up, we know the country, majority of these things no go drop price.
If you dey live for portHarcout, you go see am, even for the whole country.
Family loaf was about 350, 300, and dollar was less than 500 naira,about 300 there about. Oya dollar rise rise rise till before we know, fuel add ihim own, the bread reach 1k, now, e dey 2k. 300 naira bread o. Oya imagine house na. You get?
Sometimes even if the factor wey dey make things cost comot, these people no go gree drop price.
So, yes, dollar dey affect price. When you purchase materials at a certain price, then fuel high, transportation go high too, so when you produce the finished product, e gats high too.

The prices of goods go continue to increase based on Nigerians, them say dollar high na why things high well well, but now dollar don fall, why the prices of things never drop? This question de very concerning. If you ask them now, them go talk say na old stocks de available. Na we dey use our hand spoil the affairs of the country. Perhaps the government have failed us, that's all I could possibly say about the current status of the country. Make we just get better chance move from this country because to solve the problem wey de ground go really take enough time than possible. The country, we know say things no de organized at all, everything just de up side down.

 I follow gree for this your yarn. You know say we naija pipo nai dey use their hands cause hardships for themselves becos I no see how tins high you blame dollar, dollar no come strong again you still keep tins high and the worst part be say things now dey costlier than wen dollar bin dey high sef. Now things don hard to the point say if you prove something now and no buy am, come back next day e don increase and this attitude dey make people adjust their lifestyle sotey nothing dey to adjust again and yet we go still say we be Giant of Africa?
 Our govt go continue to dey point accusing fingers any how when them know wetin the solution be. Make we just know say this mata of goods being costly no go get beta solution since nah wetin any person wey wan enter seat dey use as manifesto.

For me, I no think say dollar na the cause why our country dey like this because even now wey dollar don come down well but yet the cost of things dey high very well, na so things dey hard to afford even to get work dey hard to find even food self, na we and the government be the cause why things dey cost of living dey hard for us like this because now wey dollar dey reduce like mad like, we supposed reduce the way things dey cost but no way instead we just increase dey blame dollar instead we supposed fight for our rights especially if we go buy something n the person sell am cost for us, we waka comot e for dey better for us, incase that dey go reduce their prices and also if government go provide for us enough job opportunities for people, we go see say things dey easy, accessible and affordable for us, dollar for just help us come live better living so I no go blame say na dollar cause why we dey in this kind situation for our country rather than na we and government be cause and na still we go be the solution.

For me one of the things wey dey follow cause this slow reduction of price of things sef na the issue sef say Nigeria as a whole no really get this body of price regulation and control for the country and na why the cost of things dey go up anyhow anytime as if the country itself no really get government because I believe there ought to be some kind of body wey for dey in charge of regulating all these things.

Dollar dome come down well well and the things wey dem dey import from outside country  don come down but our local products e no dey gree come down and instead dem dey go up like tomorrow no dey again. Someone I buy on Thursday with #1500 now na #2500 and no be say na imported things oh but na local products. Now weti dey really happened na di government e no gree work or na our weakness dey cause all these nonsense? I no just understand Local Products with dollar. Dollar things wey make di local products go up e don come down again but do local products na now dem dey go up the more. Who go tell weti dey sup.

House wey landlord build since 1999, him sef don increase di price to a very higher price. Matter just tire me.

Yes dollar naim be di cause of everything inflation in di country. But many we no concern dollar sef dey follow increase naim be di wahala. Things like garri e no supposed increase in price. Things that are not imported e no supposed increase but all use dollar to increase their prices. As for me I no dey blame di sellers ohh but the government because dem no get good structure and agencies wey dey work to regulate the prices of goods and services. So everyone dey sell things according to their will. When we go get good government to do di rights for the Citizens?

Di government can reduce di dollar within one week as him use one week climbed go up go reach #1900. But na good structure and the political will go do am sharpally.

Op our people always say when one finger touches oil it affect other finger na so that matter be, of a Truth old apartment wey landlord no do renovation no supposed increase rent for no curse but base in how the nation be where there is no policy guiding landlord and tenants even good policy to control our domestic market everything get be affected by dollar, example landlord who is jobless and depends on his rent to feed it's family and Carter other responsibilities if the matter food stuff has increased beyond what it charges as rent he bounce back to increase the rent to suits his responsibility because that us the only source of income remember it's the course if food or other items including housing material that increase due to dollar rise if the landlord failed to increase how will it Carter fir those things during maintenance and so.

 But it would have been a controllable situation it the government have a good policy guiding Tennant and landlord that is where it would have affect them but here in our nation landlord charges according to what he wishes even when the building is it the value with other you will see variation in rent in one location with thesame apart, conclusively dollar is the course of everything I stand to be corrected with a convincing and strong reason why you think it's not.

I fell say landed property na correct asset wey dey always increase in value over time. But for this country, na every year person suppose dey expect house rent and fees to increase, mostly for satellite towns and cities wey most of the big businesses and startups for this country dey.

No be dollar cause am, na just how e b for this country, say anytime dollar increase, marketers in every sector go must find one way or another to add am for their market just to make extra profit, and e no suppose be so.

You brought this out from a nice angle but I wonder if these manufacturers, importers and sellers have unions, why is the government not engaging these unions as well so that they will not indirectly create a monopolistic market that will affect the country negatively? For the record, for me, the government is just clueless, because, naturally, people will always be selfish here in Nigeria, be it individuals or unions, that's why the government should always be prepared, and in this situation create some policies that will weaken their monopolistic control.

Also, I believe this issue is beyond the union, though it is a contributory factor. I've seen people selling the same product from the same manufacturer in the same city as they like where you would go to 5 different places and the average difference of their goods could be about N7,000 for the goods that were formerly sold for N9,000. I believe if it is their union that is emboldening them always, the price difference should not be that much. But it shows that people are behaving as they like, and has continued to influence the economy negatively. Now that we have seen a notable increase in the value of the Naira, we should have seen a notable decrease in goods too, especially with phones and gadgets that are dollar-dependent, but these people will rather prefer to hoard them than sell them at a cheaper price to reflect the market reality.

It takes good souls to change the narrative, but since the mind of an average Nigerian is selfish, it continues unabated.

The issue of this our country have become big I know understand the way everything just they increase every day. Could you imagine how the cost of products has come high? The main causes of this are the marketers, because they're the ones who complain about the dollar, saying it's raised. That's why they also increase the price of foods and other things. And the most surprising thing is that now that the federal government is fighting for the dollar to decrease down so that the cost of things can also come down, and as it stands now, the dollar has come down and the cost of goods doesn't want to reduce.

Common house rent now if you want to collect you be hear too much of money not all people's can fit afford to rent safe contain, because the cause of leaving want ot kill the leaving, and i don't think the others countries are facing the same problem with us because this our own country has becoming so worst.

For me I go sey na dollar be the problem for dis country as dollar they increase na so the price of things dey increase like bag of cement, zing, and woods,
So I no blame any landlord or any landlady way increase the price of their house rent. because through that money now, they fit they use am they work on the house if anything happen.
So my brother, the dollar really affect the price of tings so much for the country but I thank god say the rate of dollar done they come down

Dollar increment still has little effect. Although we mostly think and say 'afterall this isn't a new house". But let's remember at a point in time renovation will be done to this thesame house. As dollar increases, house material will also go up. So when a landlord think of how house materials are expenses, he then has no choice than to increase rentage. Moreso, everyone will like to make a balance, you can expect me to buy things I don't have at high price and now sell what I have at a cheap price.

Well definitely you are right but if you observe that the cost of living is getting high although it's not supposed to be so but that's the only source of income dey might have so dey will tend to increase the rent so survive which is what I killing us definitely somethings don't concern dollar but dey don't know the way to express them selves dey will all blame it on dollar this country has gotten to a place of peer groupings for exam if a friend of my mind has a house rent and he increased the rent I will also feel like I want to increase mine which is a major problem in the economy of this our great nation sometimes it seems most of our problems are from us but we keep praying for better days

I no know if you noticed say ever since dollar start to rise everything start to increase. Transportation, feeding now are really hard to afford. Now let’s go to the housing problem some landlords or landladies I no really know if na dollar make the rent increase. You go see old self contain and they go con tell you say na 350k for one kind self contain wey no fit the amount them dey call for me I dey feel say when some tenants enter some houses them dey make the house nice and very fine so them dey pack from the house based on say the house now don dey alright the landlord go con dey increase the rent

Normally for this country na we follow dey do ourselves. Yeah things are fucking expensive because the cost of production done increase, but you go see something wey the cost of production no even affect go follow dey add price because say every other thing dey add price and them no wan carry last.

Let's take for instance garri, garri happens to be one of the most consumed food for our country and the best part of it is that you no need to go import garri from other countries like rice, beans and other foods wey add price. Garri is locally produced, and you don't really need much to go into garri production. The most important thing is manpower, the only time you'll consider cost of transportation is when maybe you're moving the garri products from the rural areas where they're mostly produced to the urban areas, but when you check very well you'll notice that even in the rural areas, the garri that almost everyone is producing is just as expensive as it is in the urban.

Maybe people in the local villages suddenly hears garri is gaining price in the city, without even considering the reason why it's so, they'll go ahead and start increasing their prices too also making life difficult for people in the locals. This one now, no be government cause am oo, no be removal of fuel subsidy cause am oo, na we we dey kill ourselves. Everybody dey interested more about their personal gain and you no care how e affects the environment around you, and later them go join mouth dey complain, dey accuse the government for wetin them follow use their own hand cause. It's just nonsense abeg.

The cost of materials for construction have tripled or minimum double,  take for example the price of building cement used to be between #4500 to #5000 back then but now the same cement is sold for #10,000 or even 15k in some places,  all this and many others contributed to why the cost of housing increased.

But where it becomes unfair is at the rate at which landlord's are adding to the cost of rent for old buildings,  this is where the exploitation comes in because why taking money for what you did not build new and don't make any renovation that could call for new materials to the building before increasing the price of rent on such houses.

Person wey give you Uche really know why, you deserve that name my broda, hurry hurry make me post am, I think say all don set but nothing spoil... You do well make the pigin continue dy go to make our local board come back to life.

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No be lie you talk dia, wen I talk say nah we dy use our hand take punish ourselves in side moto one man say na lie say nah Bola Tinubu, I just laf so for dis matter who be this landlord dem?  no be same piple wey dy for dis our contri? Dem dy feel say as long as e no dy affect dem say wetin dem dy do na better thing, how human being go say make him fellow human being dy suffer after dem go blame government.
Landlord dem no know say ones oil touch one finger e go touch d rest, if the house na old house and them wan renovate am no problem to high d rent fee but if the house dy in good condition I see no reason why dem go increase the rent say nah Dollar, wetin concern Dollar for this matter? 95% of the problem we dy face now for dis contri no be dollar cos am na we just wan act like say we wise. I pray make any of una no make mistake offend una landlord oh if not na quit notice.

The thing is that even the dollar increase sef follow cause the increase and also as the country be wey everyone na opportunist, so everyone wan exploit the increase of price and na why even when something no concern dollar price sef dem go follow add am for the price of things wey don cost and it's just too bad. But I also concur say all these na majorly corruption and the corrupt mind of everyone in the country itself.

You know say for this country, we dey like get reason for why we dey do some things and this marketers no dey exempted. Most of these sellers get Union and when price of things go high due to a situation, them go attribute cost of goods to that thing and now in this case nah the dollar increment; we don hear of how the naira don dey gain over the dollar as before wey e be #1700 to a dollar, things were bitterly high but now wey e don go down to #1200 as of last time I check, things still dey as e be and you begin to ask why? These unions wey don stamp price like this, anybody wey decide to sell beneath wetin them out fit enter problem with them; you fit dey regarded as the bad belle wey wan put sand for their garri.
 Bottom line be say no be the dollar dey cause price hike, nah just plain corruption and greed of humans.

To me there is inflation in Nigeria not just because of the dollar/ Naira currency saga but other factors too. The clear one to me is the oil and gas prices that are high most especially the popular petrol, if you look at the increase in this area you will see that it affects things local than even the dollar raise. An increase in price of petrol automatically increases the transportation prices and if this increases every sector also faces an increase.

Take for example a farmer who spends more in either transporting his goods to the market or even during the cultivation (irrigational farmers) he will definitely hike his own produce prices. Same thing applies to industries they rely on secondary power sources like through gas or petrol to make production and the higher the prices of this energy source the more they increase their products costs to meet up with demand.

As for housing sectors you see increase in the house rents because the owners are trying to meet up with the price of stuffs in the market and since there is no standard housing regulations they just increases it as they pleased

The inflation dey affect everything including house rent. Don't be surprised as things will keep increasing to some extent before it will make a price correct then inflation go drop small. As it stands now the people wey get house (landlords and landladies) dem too dey the country so things don dey tight for them and most na the house rent be their salaries and investments so if things hard them go add money to the house in order for them too to survive.

Just as we took dey experience the situation of things them too dey experience am, so the circle of things continues. The way I dey see the suffer self fit never end now oo because everything dey go in circle, if this one increase the other one go increase too and so on. It takes only Gods grace to revive the country because the law of gravity no dey function for Nigeria economy, as things go up e don remain there for life.
Make we no feel say na wickedness this landlords and landladies dey do but make we see am as the cause of inflation or hard economy.

Omo I dey surprised when you talk about increment of house rent because na watin dey like this wey dey happen for ma side. The funny thing be say you no fit even blame them sef as you talk am because the whole matter just dey revolve around this whole increment if foodstuffs and other commodities like gadgets and accessories. The naira dey gain on dollar well well but the cost of things still dey high it's just so crazy that things dey skyrocket so easily but to come down na big indian film.

I dey reason say, the house rent aspect wey you talk about dey go too far, because at least to build house, you go need blocks, cement, and other building materials, some of dem fit dey import or get connection with exports, wey fit be one of the reasons why house rent dey cost pass before.

But that by the way, you go wan discuss things like rice, local rice, paddy rice wey we dey buy for our local markets, and you dey wonder why these items dey very expensive, and you fit hear common marketer talk say, dollar don rise, and na why their own products too dey cost pass. You go begin wonder how dollar take affect product wey dey inside the state, no be even across states or the whole nation, but just within one state, but e don affect am, but dollar na just one factor.

The second one na fuel. Fuel don dey one of the major determinants for market. Plenty things dey cost now because of fuel hike, so e make sense if marketer or seller mention fuel as their main reason why things dey cost, I fit understand, but when person dey talk about dollar rise, when all the production and value chain dey inside the state, na then you go ask why e cost because of dollar.

As you use pidgin create this topic, you for also try make the title to be pidgin. Something like this for make more sense. Na dollar cause am?

But that one na by the way. To chuk mouth for the matter you raise, Nigeria na country where everybody dey do wetin dem like. Some people dey abuse opportunities we surface and many other people wicked. Some landlords wey don build house more than 10yrs ago don break even for the house (as in dem don collect money tire), but still dem high rent price anyhow. I no actually blame people wey build recently because price of things done high high for market. Nigerians too dey take small advantage to suffocate their fellow Nigerians.

My broda na over do dey worry some piple for this contri, wetin concern fuel and house rent? Unless them wan renovate am oh. This subsidy removal suppose affect moto piple, goods but e no suppose affect reach landlord their side. Na house human being go stay oh so wetin d contri give us e affect us so make them no take am too personal.
So you say if landlord spend like 250k for hospital bill the next day him go increase house rent becos him wan gain back? no nah e no suppose be so. Me I still dy talk am say wen dis fuel matter come back to normal things go set well and dollar no go do anything about am, abi na today we start to hear say dollar high but we still dy live ok, make the fuel fit go back to the main price or even lesser changes go dy.

Any time wey be say we Dey talk about thiings wey Dey rise we suppose remember say na Naija we Dey, in Nigeria both living non living things price Dey rise, nothing wey dollar no Dey affect for Naija, even electricity for Naija dollar Dey affect because if you look at light for Naija this days he no Dey too stay, I don’t know for your area but for my area even electricity don matter don tired us, and about the house rent my brother, house rent suppose rise up too because building material price too get money, even cement now to buy am no be joke.

But the price of dollar Dey decrease everyday and i no see any changes for up to now , na the matter sef Dey pain me pass, dollar price don decrease to the extent wey be say many people wey buy dollar keep now Dey regret but things no still come down, that thing don already Dey Nigeria body, because nothing in Nigeria that the price go up and later come down that even the poor people can afford it.

The funny thing is that the price of dollar dun drop recently but things just Still dey increase like mad. Normally as dollar come decrease now things suppose to still calm down . But things just still remain the way dey still dey even dey worst the more , the thing is that most people are taken  dollar increment of back then as an opportunity to make more profits , just imagine person wey nor even know the price if dollars go dey tell you say dollar dun rise because dey hear am from other marketers mouth.

Now I even prefer then where Dollar even dey 1600/1$ , because despite things dey expensive we wey dey earn in dollars anytime we still make small thing from things space wey go give some dolls , if you run p2p you go see the kind nice thing wey go come out. Something wey go out smile for person face . But now dollar rate around 1144/1$ and things still damn expensive 

The matter don tired everybody, we no understand where we are heading to at all. We know say dollar price dey affect everything for this naija but no be the way everyone dey put the matter for head, any small thing everybody dey increase the price of their goods, you no fit buy something today and expect to see am buy at the same price tomorrow. You forget say na small opportunity everybody dey look for now to make money, you even dey talk about house rent, but i don't know how dollar price take affect the water wey we dey drink. When dey started subsidy matter common pure no get money reach like this, but as dollar come join am we start to dey see different shege.

Since we started to dey complain about dollar price, the price has reduced to 1000 naira now, did you see any changes for your side. No be today dollar price started to dey come down and nothing gree reduce for this country. The matter go touch everybody even though you dey earn in dollar the products we are buying too dey expensive. People wey dey shout that time say try dey earn in dollar don finally calm.

The price of things for the country don increase and wetin really cause this increment na fuel subsidy removal and the rise of dollar. We been dey battle with the fuel subsidy removal before dollar come join body with the problem wey dey on ground already.

Me I no too blame landlord wey increase rent, when landlord go market to go buy goods or foodstuffs dem don add price, landlord enter bus or keke dem don add price, landlord fall sick go hospital, medical bills also don increase. Him house too na business so wetin you expect? That being said, some of dem dey very wicked.

This one shoke everybody, my brother, I was pondering about the whole situation a few hours ago, I don't just understand, especially the manner in which the Naira has risen but the inflation refuses to subside. Fine, at the start of this whole thing, the forex played a major role in this hyperinflation and economic woe since we are a consuming nation but the fact remains that our people aggravated it unnecessarily. Every sector of the economy started using the inflation excuse to increase prices. No one in the business can be exonerated from this, be it the manufacturers, the wholesalers down the retailers. They were just driving the market as if it is their birthright and the government is just clueless about the whole situation. They are never prepared for anything.

What I expected to be strongly affected by the FX-made inflation are the imported goods and services, while the locally made goods and rendered services should increase a little bit. But Nigerians used that opportunity to earn more which triggered the hyperinflation. And since there is no viable competition due to the border closure and the discouragement caused by the low naira value, it continues unabated. I wonder if the pepper sellers sort for FX as well to sow and harvest it to the point that N200 now was the value sold for about N50 in less than a year. Sugar moved up by about x10 in 3 years. These are abominations and can only happen in Nigeria.

Now, about the housing, we can't entirely blame the landlords but they contributed as well. The high cost of building materials should be considered also. However, the wickedness here is that the house that was built 5-10 years ago without any renovation is reflecting the inflation to the point that the house of N250,000 a few years back is now about $750,000. All these are too much and show the wickedness of Nigerians. Nigerians are all just selfish and the blame is not on FX and the government alone but on everybody.

No forget say landlords dey use cement to build d house and d chemicals dey are using to miss other things dat will bring out d cement, is b imported from other country which it will involve dollar before raw materials can b import to Nigeria before people will use it to make blocks landlords and landlady's are using to build houses all over d country.

 Nor b say I dey happy for Wetin dey happen for our country, and d reason why all those things dey happen b say our government is not ready to put an end to it in the country because dey have d power to force manufacturers and wholesalers to do d right thing, before dey will see another side of d government.

 Look at d sallah celebration dat is going on in d country today, and many Muslims that wish to celebrate d sallah in a bigger way but d high cost of living is not allow dem to celebrate it d way dey want it

One of the main reason why you see this increase in amount you pay for house is because of the 10% agent fee what that's a function of how much a particular house cost. Most agent will go to the extent of telling landlords and house owners to increase the price of thier house just so the amount they will take as agent fee will increase. I have witness different cases when some agent will even advice house owners to remove old tenant from thier houses after the first year and then do smal renovation and take in new tenant so the rent can be increased and others fees can still be collected from tenant. This country is just somehow and most of the things we are complaining about, we are the primary causes of them all but we won't be plain to tell ourselves the truth.

Another factor is that in some areas, all the self contain have same price and once a particular landlord increase his rent, the next person will also increase his rent and chain continies like that putting tenant in a tight corner. To rent house. Ow is one of the most deficult thing to easily go about now and untill you decide to relocate into a new apartment you won't know what's up with house issue

This is just one advantage real estate investments has over economy situations. In anyway, the real estate investments would always protect its interests in relative to the economy situations but one thing is sure that they would never count losts unless either properties damages.

OP, if you are so anxious about the case of high cost of rent in relative with the dollar, the property owners can actually defend itself by also pointing that the dollar value to say.... The cost of materials used in building and maintaining the houses has also gone hike so in anyways they would need to increase the cost so they can also secure some profits and I bet you can not argue to that because it is obvious that everything in cost has increased too expensive.

But without being in support to say it is also with the increase of the dollar then I would say it is as a fact of inflation where everyone is fighting out to survive with the current economy that is the cause of such house renting and its related real estate businesses.

Business strategies of making profits is considering the economy rate and also the rate  of demands. Actually the high cost of house rent can not also be compromised to this strategy.

I agree with you oh becos e affect everywhere but for this house own, you talk about to build say the materials go dy costly I agree, what about house wey dem don build since before all these high rate of dollar matter come to play, dem still dy high the price as if them wan renovate the whole compound. My broda piple wicked oh, something wey no get to do with high rate of dollar dem go say nah Dollar nai make, so we no go rent house again nah if so.



Na true sometimes landlord them dy use becos if one person or two persons wey wan enter the compound take increase things make e be say them gain more and na so some piple wey see say e hard to get house outside na to stay endure am since them no get choice again. Anything wey make person leave em current place of stay say na new place him dy find na big wahala for spending.

Dollar no only affect some areas leave some if we check am very well as dollar rate they high nah so the price of things way them they import they also increase, on the other hand the price of transportation they also increase, cost of building materials for those way they build and renovate newly go know say eh don double some self don triple, a carton of tiles way be say before I buy 4500 naira currently now no they below N6,000 the price of things increase all round.

If nah new building or the ones way them just renovate eh they understandable say the landlord or landlady they use base on the cost way him or her carry build the house to increase him own rent, but for those people way be say them don already build and people still they inside yet them they increase the rent inside house way u already they inside and him no they spend any penny to renovate am that one nah their own concern, you fit say nah wickedness but if we look am from another side we go know say that rent also they like their income and as where you they earn from they carry feed family, as price of things increase you also need look for means to meet with the demand of things so eh fit be their reason to increase the rent.

D way things dey increase for dis contri surprise me well well, e get so many things wey we no suppose mention say na becos dollar don increase nai make.

Make I use this housing as the matter for ground, how piple dey take find house to rent but dem no see the one wey fit their pocket moni abi we go say dollar nai cos that one too? House rent don increase and before you go get house for this contri with this current situation e go hard.
So I dy ask if na becos of say dollar don increase nai make landlords and landladies get mind to increase everything wey concern their house; house rent don go high, agent fee don high, agreement fee don high lawyer fee self don add moni, no be say everything dy the house of toilet fit no make sense and other things wey no good dy the house, wey you fit pay up to 300k...
I dy ask nah Dollar cos this one too bcos plenty piple dy homeless becos them no fit afford wetin house owners dem dy call as price.

Wetin be the main reason for this particular one?