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.
Normally things no supposed be like this but Nigerians like to dey cause problem for ourselves. Honestly 70% of what we consume in this country are imported. With this being said prices of things are are going to rise as Naira weakens against the dollar. You as a garri seller will go to the market and buy other things high so in order for you to meet up you will increase the price of your garri. So are other traders doing that's why other things which are produced locally are also increasing in prices. Secondly why the price of locally sourced materials are increasing is because of cost of transportation and insecurity farmers are facing. People will go to farm and they are kidnapped, killed and women rapped. Because of this many people are scared of going to farm and when there are many people chasing few goods prices will definitely increase.