Quote from: liasbaa on March 03, 2024, 11:03:08 AM

Quote from: Y3shot on February 05, 2024, 05:21:20 PM

Many of us thinks the rise of inflation and the weakness of the naira currency is because of the new government we have in the country. Before now a state governor was complaining about how the past government was printing of money, and many people thought it was just propaganda which they took it very lightly. The hardships and the high inflation rate we are seeing today is as a result of printing money that has been taking place longtime ago.

The cause of the inflation is nothing but as a result of printing money that is naira is losing value constantly everyday. The economy has never been bad like this, we are facing the consequences of wrong economy doings.

OP I disagree with you.The inflation is a complex matter and influenced for various reason beyond just money printing. The reason of inflation side factors such as decrease of foreign Investment, consumer spending and internal speed less trade. Resource availability, production cost and policies of government also play significantly. On the other side economic policies as fiscal and finance, global economic commodity and trade prices are also influence the inflation.

Don't mind OP, this inflation is more than what he's talking about. Inflation is a general problem in the world recently but just that ours in much. Price just keep increasing everyday. But what does OP expect in a country where they lack basic amenities, where they depends on oil and this natural resources are no more valuable compare to before and country where our leader keep borrowing money from abroad and later embezzle it. The present Government still has some role if he decides to control inflation.