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
Inflation due to the devaluation of the Naira na the main reason and the second reason na because say na festive period as you dey talk. Marketers need money to use enjoy Christmas and dem know say people dey willing to spend this period as na when money dey flow for the country be dis. Bosses and businesses go give out Christmas bonus so dem wey no dey get dat bonus na to increase their price so dem fit afford things too like others. This one na number occurrence every year and e dey happen for every country so it isn't only a Nigerian thing. Best way to prepare for his times na to buy times on time when dey never cost. You can stuck them up so in the festive period you already have things that'll hold you during this expensive days.
We complain things are hard yet we ourselves make things difficult for us. Many Nigerian traders and businessmen are hoarding goods they bought at extremely cheap prices few months back and are waiting till we get to November or even December to sell them at exorbitant prices because they know demand will be high during the festive period. What I like about it is, the high profits they are making, they will still spend them on other expensive commodities and services.
That's just it, people dey forget say when you increase your price for your business, it automatically increase the other businesses dat depends on your business as everyone try to get profits so they can use other services too without going broke. If transportation increase, market woman go increase and others wey buy the foodstuffs go also increase. The hoarding of goods is a known practice as e dey since so na just wetin dey and we can't stop it because na people businesses strategy but wetin the government go fit do na to make things better for the country and even though goods and services increase this festive period e no go too cost for us not to be able to afford them with peace of mind. Na the hardship for the country dey cause us to para if not this things na normal something wey dey happen everywhere.