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.
I'm always happy when I see people ask questions about what they don't know and wish to get clarify on issues that matters, hence, I will be throwing small light on how the price of dollar take affect locally made products such as Garri and beans.
So do you know that when the price of dollar increases, it always affect the price of fuel, which is an imported product, and when the price of fuel is increased, there is a high tendency for it to affect the price of transport fare, of which after the local producer may have paid a high price just to transport his Garri from point A to point B, such individual is force not to keep selling with old prievto increase the price