Post
Topic
Board Nigeria (Naija)
Re: We Regret Voting Tinubu – Northern Elders
by
Ever-young
on 10/04/2024, 01:20:44 UTC
What I do not like about Tinubu time is how naira increase in value but local products remain expensive or becoming more expensive.

I believe you mean that the naira decreased inn value.
And yes, I used to to believe that the price movement of the US dollars was what influenced the price of things in the country. We all witnessed the rapid appreciation of the US dollars to the Nigerian naira a few months back and how the price of things followed it as it accelerated.

But I keep asking, isn't the price of things also supposed to drop, followed the recent crashing down of the dollar to the naira? Like I really don't get it, these people are just breaking certain economic protocols and it just baffles me and compel me to raise the question Will Nigeria ever have a stable economy once more? Will the price of things ever go back or even close to what it used to be?

Prices are hiking everyday in the country, but yet, it still haven't even occured to the government to at least increase the country's minimum wage to at least give the citizens a fighting chance with all that's going on. Indeed it's frustrating.