Quote from: alastantiger on Today at 04:08:18 PM

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?

It's a global phenomenal because it's affecting every part of the world and not only Nigeria or Africa. There are some countries that are being affected more than Nigeria is being affected because they're having the same problems with their politicians as Nigerians are having. Some countries in Asia, Europe are struggling with inflation at the highest form and things seem not to be calming down soon, countries in Africa too as they're some of the most poorest countries although they have the richest resources but don't know how to utilize the natural resources. Poor government system and the economical situations is the causes of this high inflation affecting the price of goods and services. The world is getting more expensive and so so things continuing to be expensive because money is losing its value.

My personal opinion is that not only Nigeria or Africans, but for some reason countries all over the world are facing food and clothing problems. Because of COVID 19 and Ukraine vs. Russia war as well as some other wars are going on in the current world due to which the prices of various products are increasing. On the other hand, prices are increasing due to some political reasons.