Normally me I dey always talk say Nigerians na opportunist, no mata how dollar fa reach the people no go ever gree drop price instead them go start to complain about one nonsense we no really mata for the reason why things still dey cost. according to the opportunist theory " opportunism, a foundational assumption of many economic theories that claims human beings are generally self-interested and will take advantage of others when possible." this theory exactly naim dey really explain everything about Nigerians, everybody just dey find there own things to feed family and so them no really care weytin go be the effect of their action.
So as it stands now I no sure say price of good and service go fit drop except thw government come turn back to the market and force them just the way them dey force exchanges so that price go drop if not, the opportunist in them go even escalate pass like this.
The title of the thread self na the really matas, that law abi theory no dey function for here at all.
Topic: Law of gravity no de apply for di prices of goods inside Nigeria - page 2. (Read 262 times)
February 29, 2024, 05:55:43 PM
February 29, 2024, 12:27:50 PM
but as e be now, di exchange rate don drop to approximately 1400 naira to 1 US dollar.
It is now around $1525. But the government are making exchanges to restrict people's ads. The CBN is selling at $1301 but the parallel rate is around $1525 as of now. It fell low below $1450 yesterday but increased today.So if naira continue to appreciate, you think say e go make prices of goods to de reduce?
As inflation has its own side effect, deflation also can have its side effect. The best is a stable economy. Do not expect people to reduce the price. They will have something to complain about like high cost of diesel. As of now, the prices are not decreasing. 
February 29, 2024, 12:20:46 PM
My brother, na the problem be that, Nigeria as a country na nation wey God don bless with so many natural resources, but we for we country just like to wicked each other base on say our government no put people in place to hunt down people wey dy still skyrocket the price of things even when e don dy cheap, most people for we country Sabi complain well well, but if you give Dem power today, na Dem go even wicked pass the people wey Dem dy complain of since.
This our country wey we see so, I believe say na God dy punish us with this current administration because of our sin don too much, other African countries no dy suffer like the way we dy suffer, but na we get money and resources pass, to me make we just ask for mercy from God, because na only God go fit bring wetin don go up for naija my country to come down.
This our country wey we see so, I believe say na God dy punish us with this current administration because of our sin don too much, other African countries no dy suffer like the way we dy suffer, but na we get money and resources pass, to me make we just ask for mercy from God, because na only God go fit bring wetin don go up for naija my country to come down.
February 29, 2024, 11:25:55 AM
Due to di recent revelations wey CBN de unravel now about how plenty illegal money take de stash and pass through Binance, and I come see one report wey dem list some bank owners and some respected entrepreneurs, say dem de collect money for CBN and dem go default payment. I de reason say na dis latest developments na im make naira come gain small value, e bin de get out of hand to reach about 2000 naira to 1 US dollar, but as e be now, di exchange rate don drop to approximately 1400 naira to 1 US dollar.
If CBN put dem acts together and we come begin to see naira appreciation, meaning say our currency go begin gain value, dat one go be good news for most Nigerians.
How di naira to dollar matter take concern dis thread be say, normal normal if any currency begin appreciate, e suppose cause di prices of goods and services to de come down. But with my experience for dis country as a Nigerian, anytime wey prices go up, e no de fit to come down, even if di price go come down na insignificant money dem go comot. So if naira continue to appreciate, you think say e go make prices of goods to de reduce?
If CBN put dem acts together and we come begin to see naira appreciation, meaning say our currency go begin gain value, dat one go be good news for most Nigerians.
How di naira to dollar matter take concern dis thread be say, normal normal if any currency begin appreciate, e suppose cause di prices of goods and services to de come down. But with my experience for dis country as a Nigerian, anytime wey prices go up, e no de fit to come down, even if di price go come down na insignificant money dem go comot. So if naira continue to appreciate, you think say e go make prices of goods to de reduce?
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