Since 2021 we've been experiencing monthly inflation but 2021 seems to be a joke where 2024 starts from, the rate is already unbearable.
How price of cement moved from 5000 in January to 12000 in February is beyond mystery, please what changed, it's not as if our debt rate is reducing.
Again I still don't understand why our Naira faces rapid decline the moment we attempt to remove subsidy.
Buhari removed subsidy way back in 2015 same thing happened with tinunu in 2023.
In the end the subsidy regime is brought back.
Before tinubu introduction, the dollar stabled for a while but today despite several actions being taken, things just seems to get worse.
Economist watin dey happen..

The world has adopted the US Dollars as international currency it's a scale by which all this are measured. It's a standard scale because people also buy imported items.

The price of phone has increased, transport, no one does business to ruin at a lose. People run business for sustainable not just alone profit. If the profit cannot sustain you that means you are heading for destruction. In other to remain afloat you will increase your profit margin or you just close the business.

And that what many international company and local company have been doing in the past few years. Closing shop in the country since they cannot run it anymore. The inflation will continue as everyone keep adjusting price. the problem now is that there is no money anymore as the purchasing power has been withhold down. Only food items are business still in business. Other businesses like toks cars, furniture and electronics are suffering right now.

Nigeria used cars is what people are buying now with the price of toks few years ago.

jumper524:
Since 2021 we've been experiencing monthly inflation but 2021 seems to be a joke where 2024 starts from, the rate is already unbearable.
How price of cement moved from 5000 in January to 12000 in February is beyond mystery, please what changed, it's not as if our debt rate is reducing.
Again I still don't understand why our Naira faces rapid decline the moment we attempt to remove subsidy.
Buhari removed subsidy way back in 2015 same thing happened with tinunu in 2023.
In the end the subsidy regime is brought back.
Before tinubu introduction, the dollar stabled for a while but today despite several actions being taken, things just seems to get worse.
Economist watin dey happen..

Oga you have already answered yourself.....

The emi lokans

The Lagos builder is building Nigeria