Quote from: CryptoHeadlineNews on February 08, 2024, 11:31:40 PM

Quote from: Nangiconference on February 08, 2024, 10:58:23 PM

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

Em d pain to the heart sae the goods and services wey we d use for this our country is under the control of dollar, even the so called fuel wey get, is exported to another country to be refined and sent back to our country as imported project. What a shame em be that we no get a single refinery upon the billions of dollars wey our country the generates from our mineral resources, none is being save up to have my own refinery, even na one.

Dollar increment to naira don X(times) the product of everything to about X4, which don cause hardship give everyone for the country. Both the rich and poor are affected by it and nobody d exception for the hardship.

Few days ago, a peaceful protect was led in Minna concerning the hardship. Every soon other states go join to protest about the hardship. You know wetin em mean when all states begin to the complain of hardship happening in the country. It can lead to a coup, wey be sae military go fit take over the country.

I nutshell of the whole matter be sae, FG should do the needful before it is too late because nobody d happy for the country.

Links to Minna protect: https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://punchng.com/niger-protesters-lament-hardship/%3Famp&ved=2ahUKEwjTmOra8J2EAxVPVUEAHS1kBRYQFnoECC4QAQ&usg=AOvVaw14f2kB72Xj0GrnKWZKX_I_

Nigerians In Diaspora Join Agitations Against Hardship, Petition link: https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://saharareporters.com/2024/02/07/nigerians-diaspora-join-agitations-against-hardship-petition-tinubu-plan-protests-united&ved=2ahUKEwjTmOra8J2EAxVPVUEAHS1kBRYQFnoECCsQAQ&usg=AOvVaw0lpShAl4yyYx6Spg7XmhHz