Quote from: Israelgogo on February 15, 2025, 02:27:02 PM

The rate at which things are becoming expressive is alarming, the rising of prices of goods and services like in Nigeria is affecting the livelihood of the people. Many Nigerians have travel out because of high rates in prices and low financial value.

Is this a global phenomenal or is only Africans going through this economic deflection and poor government system?

Increase in prices of commodities in the Country Nigeria is the least the Nigerian could talk about now, because they are tired of crying out their pains without any action being taken about the challenges, difficulties and problems that they are facing due to decline of value of the currency and inflation that is taking over the country. Some Nigerians lost their hopes about the deflation of the commodities and they are adapting to the current economic situation, because they are left with no option. A lot of citizens are dying due to lack of social amenities, economic insecurities including inflation and so on, but the government neglected all those issues focusing on how they are going to stabilize their own lives, living their duties and responsibilities towards their country or citizens unfulfilled.
But I disagree with the parts where you said that some Nigerians has traveled out of the country. I will only agree with you, if you have said that the riches run out of the country, because they are the ones that have the privilege to do so. The poors are looking for money to feed talk less of gathering money to fly out from the country.

Quote from: Charles-Tim on February 15, 2025, 03:45:01 PM

Quote from: Cryptohygenic on February 15, 2025, 03:31:55 PM

Since the COVID-19 there had been global economy crisis and the Russian war and the Israel wars has also been a limestone triggering the exceeding of the long term inflation.

The inflation in Nigeria was mainly caused by bad government approaches and how the government failed to know what Nigeria needs to have good economy. Naira that was 385 to a dollar last year is now 1590 to a dollar. What can we call that? I see no one calling it hyperinflation but I think it is hyperinflation in the country.

That is what comes to my mind also, the problems that Nigerians are facing is due to bad governments. The governments has failed to overlook the situation of the country. Sincerely speaking, the life of the Nigerians is at stake, because every governments that step into power usually took loan from other countries in the name of working sincerely to bring growth and development to the country but at the end of the day, they did nothing. The debt that Nigeria has on the head now hmm, is something we shouldn't take about. But honestly if the governments make good use of the loans they have been taking, then Nigeria should have been developed by now and the debt should have been cleared by now. But rather the loan is increasing regime by regime, this clearly state that the governments are using the money for their own selfish purpose. Nigeria has natural resources and raw materials but they don't know how to utilize them, and they are selling them to other countries, but Nigeria needs them the most. Is Aged people that are representing the country, I think its time to test the capabilities of the youth and see where they are going to take the country to.