I'm surprised when dollars loses value and the cost of things still remains high. now dollars have dropped a little but still yet the cost of goods in the market still Sky rocket, I don't understand the reason why dollar drop and cost things are still high
Just like many persons don shoke mouth for this matter, I go follow put mouth say wetin dey still cause the high price of goods wey never go back to normal for the market na as a result of our Naira currency wey its value never dey stable, while the demand for such products still dey high with respect to the corresponding supply in the market. Because one thing certain I have come to realize is that marketers will never want to make any loss by reducing the price of their products, when they are not yet certain if will dollar still fall or rise, hence if only government could create favourably policies that stabilize the forex market, then marketers have no other option but play by the rule.
now dollar has been slash down a little the cost of living still remains the same.what is happening to my people.
In regards to this question, I think the crises happening in the North's and parts of the country such as banditary, Boko haram and kidnapping also have a role to play while the prices of goods dey high, because if farmers who normally always grow these economic crops can no longer farm due to fear of being killed, and as such those crops gets imported into Nigeria, then the prices of it are likely to increase.