My country people, I greet Una o. Abeg I go school graduate o but e get one thing wey I Neva really understand and I believe say the forum na the best place to ask the question. I wan really ask how dollar wey oyibo Dy use Dy take Dy affect the prices of goods and services for our country because if to say na only goods wey dem import I for say na the exchange rate when making payment but how e take affect things wey we they source raw materials locally come produce here like garri, rice, indomie, cloths, and other things
This thing Dy really make me struggle and look for means to earn in dollar.
Abeg I Dy wait for replies if possible use graphics, practicals, example and illustration anyhow wey I fit use understand am.
A good question just as you have asked mak I break am down just as you have said the way dollars dey affect naira.
Firstly dey get wet in we dey call inflation and if this inflation don happened things go just cost because 50% of Nigeria usage now they are all imported from the outside country.
So for u.s if their country money just high I guess exported tinx from their country to our own go just cost bam.
You be mention garri and Indomie all this one na because of the fuel expenditure that why all these foodstuff costs, for example like rice in my village after the production of the rice na car go carrying am com outside to com sell for businesses men with a little bit of high price, then the businessmen com carry am enter shop add their gains I guess that's why the foodstuff dey high.
So i guess that is why all this foodstuff just add costs every day.