Here's the reality, we have more purchasing power when the Naira has appreciate (or recovered) against the dollars because with the constant inflation of Naira, things are getting expensive for no reason. The Naira falling to N750 instead of the N1,600 that it's trading at the moment, then the price of things are supposed to naturally begin to reduce but the possibility of that not happening is still there due to the economy being a complete joke.
It now feels like things are not even correlating.
I have heard some sarcastic statements of marketers, telling buyers that the price of a particular item decreased on the news, and not in reality. The dollar to naira rate was almost getting to #2K per $1 sometime late last year if i remember correctly. tbh, it is really sickening when we recall that the old glory days was more promising.
We don't have a stable government and that's what's making the marketers not reducing the price of things because after selling everything and they want to restock, the whole money they realize from the last market mightn't be able to afford them new goods.
Are there no people that ought to checkmate these things.
Are there no people that ought to fight for the well being of the masses?. Ooh, it just occurred to me that Nigeria once had an NLC, but today, it seems they've become a political party of their own.
~snip
So, as a well-meaning and Patriotic Nigerian, do you really wish for that to happen?
My only wish is that a day doesn't come when we all would wish to see dollar to naira rate at #1600, because it seems every hard moment at this point needs to be enjoyed like it's the last.