Omo for dis one way u talk so enn for my head I just feel say u no phrase am well infact I go just use oyinbo English explain am sef.
Now I would say price of things are relatively increasing and not reducing in comparison to the rate of Increase in price. The prices of items and commodities in a country depends on the economy of that country. Now majority of our goods are imported and bear in mind that a great deal of our exchanges are done in dollar there for increasing the demand of dollar over naira causing dollar to rise compared to Naira.
Also observing from a general perspective inflation is the main cause of high prices this period. Now when I refer to inflation I am actually referring to decrease in the value of our currency with respect to Prices of commodities and also economic value. Infact inflation is a general world problem as of now just that the impact here seems too damn obvious in Nigeria.
Inflation is one of the major reasons why saving doesn't help as much as investing does since most of the time the interest gotten from making savings isn't enough to cover up from the losses caused by inflation.
Topic: Why food stuffs rise and fall like bitcoin (Read 65 times)
How you go compare the fluctuation of the price of bitcoin to price of goods in Nigeria. Price of goods for Nigeria no dey go opposite direction like I see you mistakenly understand it thar way No, the price of goods for naija dey always face up while bitcoin dey move up and down.
I no know about other areas but for my area, price of noodle don come down small.I dey like eat noodle but no be too much so I no dey buy am for carton, I prefer to buy am small small, and as of last month, the smallest size of MIMEE noodles been dey around 250 per noodle, but the thing don actually drop now to 150 so at least something don actually drop price.
Even garri self, e dey go up dey come down, although na so garri dey normally behave, even before now, e get seasons wey garri price go shoot up ehh, then later e go come down, na that one I know say e dey behave like bitcoin well well.
For my area, as of last month too, garri been reach like 3000 per custard, sometime this month, e come drop to 2500, Omo I hear say now e Dom enter 3500 again o.
How you go compare the fluctuation of the price of bitcoin to price of goods in Nigeria. Price of goods for Nigeria no dey go opposite direction like I see you mistakenly understand it thar way No, the price of goods for naija dey always face up while bitcoin dey move up and down.
How you go say you know no who to blame? Of course na government na. We know say for this country, the commodity wey dey affect people pass and e go reflect immediately for both individual purse and economy of Nigeria na fuel. So if you increase the price of fuel, make you know say every other commodity go fellow. That is the reality of Nigerian economy but this government no want avoid area and they don't want to fix the refinary.
we no really know who to blame for the increment weda na traders abi na fuel prize.
How you go say you know no who to blame? Of course na government na. We know say for this country, the commodity wey dey affect people pass and e go reflect immediately for both individual purse and economy of Nigeria na fuel. So if you increase the price of fuel, make you know say every other commodity go fellow. That is the reality of Nigerian economy but this government no want avoid area and they don't want to fix the refinary.
My pipple, I greet una very well. Shebi una fit still remember as things cheap for we market before now and how e don different in price as of when we know this country 10 years ago. No be news say every year price of commodities dey go up each time. Na time for us to tight our gele very well cause e no dey funny. Country man gats work harder to chop cos na when person dey alive e go make this money. Meanwhile carry for mind say price must go up any moment and right now we no really know who to blame for the increment weda na traders abi na fuel prize.
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