If the average Nigerian can’t survive it, we wouldn’t all have been alive to witness another year like this. This has been happening for a long time now and will continue for years to come. I am yet to know what causes the price of foodstuffs and household items to increase. At the end of every season,
This is what people are saying, which is very bad. How can you say that this will continue for years to come? Did you even know what is called the power of the tongue? If at all you have done your research you will know the course of the problem and why the commodities in Nigeria get high at any end of the year. You won’t have said that because you will know where the problem is from and again the solution to the problem, but I will assure you that the high cost of commodities can be controlled.
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
The main causes of the high price rate of commodities in Nigeria at the end of the year include increased demand during festival season, supply chain distribution due to transportation challenges, and seasonal fluctuations affecting agricultural products, which can be controlled. For instance, companies in Nigeria reduce the amount of goods and commodities they produce at the end of the year, and that is the time when demand is high, which is also applicable to the petroleum sector. The main factors that cause the high cost of commodities are solutions and mechanisms to control this, which include improving infrastructure, promoting local production, and also implementing an effective supply chain. Also, this will be done by the government, which controls the fuel price, and it should be enough to supply various parts of the country.