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?
We'll it's a clearer sign that inflation has really eaten deep into the economy of the country thereby making things especially prices of commodities extremely high and at such the poor masses are unable to afford some things. I'm not sure this is a global phenomenon but necessarily Nigeria needs good governance that will thus reflect on the economic sector but there's no sign of change because this increasingly high rates of goods and services will definitely affect the progress of the country as a whole and something should be done.
The most painful part is that, in my country, there is blame for high inflation and hiked prices of basic commodities on the value of naira to dollars, but at the moment our local currency has gained a lot of value over the United States dollars but yet there is the rising cost of basic goods and the rate of inflation is increasing every day we are not seeing the impact of the naira gains on the economy, this make is to believe that the problem of our economy is internal and not external and the government is just playing blame games with the whole thing, but that is by the way, let talk about insecurity and its effects on food production this is one of the major reasons for the high cost of food stuff in our economy today.