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?
Price rises are happening all around the world, there was a massive spike in inflation a couple years ago that rippled across every country however that has somewhat abated in the richest countries. I am not sure how competent the government is in Nigeria but Africa in general struggles with the idea that there is massive corruption at the top which interferes with currencies - instability is bad for a country and undermines the value of it's currency. Many big companies have also pulled out of the country lately, because the currency has devalued so much and it is very hard to get value out of the country any more. This has a domino effect making it hard for large companies to return until the country improves substantially and that seems a long time away.