Topic: The bad Habit of business owners (Read 42 times)

I agree with you though, I know it will sounds so funny to many but it is somehow true about the dollar to naira market. If you browse about the price of $1 to Naira in the internet or CBN Rate you will be suprised to see like #800 but if you go to cryptocurrency exchange that same #800 or #1000 in CBN rate will be #1590 or #1600 now make people talk about increase In dollar, making things expensive and referring the price of dollars increase in cryptocurrency. At some point I see reason to what you are saying, but government took a wrong decision, because that will not stop increase of of goods and services.

Some of us has been blaming people selling at market because of the rates price of things is going high every single day, yes, that is true because I have found out that most of the people that is selling in our country. Take advantage of the rate of dollar even when what they are selling has nothing to do with Dollar . Make sure the increase the price as long as they have heard that Dollar has gone up, they also increase the price of what they are selling like the people producing Garri, this is a very popular food in Nigeria, that we produce here and order couples of food that I may not mention they always take advantage of the price of dollar as long as Doller has gone up they also increase the price of what they sell, even when it is been produced in Nigeria I don’t see the reason why food like plantain yan ETC, we all know that we have a lot of food that is been produced in Nigeria and Doller has affected it a lot. Are you telling me that is because of the price of transportation that is not true because the price has technically increased from the villages that we buy this food from, which is totally wrong please I am really worried on how business owners treat us in our country, if Doller has really gone up what is the next option, is to find a way to produce whatever we are shipping from overseas here in our country and the cost will be reduced so many people can’t afford it because I am thinking that the rate of dollar affect the import and  exporter,they no  longer capable to import, because after selling the product, they already have, and convert the dollar they find out that it has no value, even when they have really make profit from what they have sold already. The option is producing in our country to make things cheaper but our citizen are very stubborn. If you want to make the country better, the only option is to crash the country currency so that the citizen will not be able to import and will focus on what they can produce. This is the strategy I have found out that our government is using but many people , don’t really know.
I will be so glad if we can talk about this maybe I am wrong, right,

Please I edited this on the recent post, ignore this one