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Local => Nigeria (Naija) => Topic started by: Peter Faith on October 21, 2023, 08:58:38 PM



Title: High cost of commodities
Post by: Peter Faith on October 21, 2023, 08:58:38 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow


Title: Re: High cost of commodities
Post by: Jegileman on October 22, 2023, 12:05:46 AM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

If the average Nigerian can’t survive it, we wouldn’t all have been alive to witness another year like this. This has been happening for a long time now and will continue for years to come. I am yet to know what causes the price of foodstuffs and household items to increase. At the end of every season, I thought things should always come down  since new items will be arriving the following year but in Naija the reverse is the case. What pains me more now will be the scarcity of fuel that will come in 1 and half months to come from now. It has always been like that, I pray there’s a difference this year which at the same time I feel they won’t be any.


Title: Re: High cost of commodities
Post by: adultcrypto on October 22, 2023, 04:03:25 AM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
It is a regular thing in Nigeria and is entirely driven by the forces of demand and supply. There is usually high demands around the December period and this is what is responsible for the high prices. You know Nigeria do not even have price control against that I'd effective. So people inflate prices as a result of the rush.

The average Nigerian will survive just the way they have been surviving. It is just a matter of adjusting because there will always be commodity for any level of income.


Title: Re: High cost of commodities
Post by: Egii Nna on October 22, 2023, 06:48:38 AM
If the average Nigerian can’t survive it, we wouldn’t all have been alive to witness another year like this. This has been happening for a long time now and will continue for years to come. I am yet to know what causes the price of foodstuffs and household items to increase. At the end of every season,

This is what people are saying, which is very bad. How can you say that this will continue for years to come? Did you even know what is called the power of the tongue? If at all you have done your research you will know the course of the problem and why the commodities in Nigeria get high at any end of the year. You won’t have said that because you will know where the problem is from and again the solution to the problem, but I will assure you that the high cost of commodities can be controlled.

 
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

The main causes of the high price rate of commodities in Nigeria at the end of the year include increased demand during festival season, supply chain distribution due to transportation challenges, and seasonal fluctuations affecting agricultural products, which can be controlled. For instance, companies in Nigeria reduce the amount of goods and commodities they produce at the end of the year, and that is the time when demand is high, which is also applicable to the petroleum sector. The main factors that cause the high cost of commodities are solutions and mechanisms to control this, which include improving infrastructure, promoting local production, and also implementing an effective supply chain. Also,  this will be done by the government, which controls the fuel price, and it should be enough to supply various parts of the country.


Title: Re: High cost of commodities
Post by: Abu-Naim on October 22, 2023, 07:11:03 AM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
Lack of proper price management, high demand, and inflation are the main cause of these price hike in every festive periods in Nigeria.

The average Nigerians have been surviving it for long because this is not the first time it is happening in Nigeria, but we hope for change this time even though the inflation is high, and the dollar to Naira exchange rate is also not favorable which has been affecting the price of goods because even the transportation of the goods is been affected as the price of deiseal and PMS that are majorly use for transportation is also high.


The main causes of the high price rate of commodities in Nigeria at the end of the year include increased demand during festival season, supply chain distribution due to transportation challenges, and seasonal fluctuations affecting agricultural products, which can be controlled. For instance, companies in Nigeria reduce the amount of goods and commodities they produce at the end of the year, and that is the time when demand is high, which is also applicable to the petroleum sector. The main factors that cause the high cost of commodities are solutions and mechanisms to control this, which include improving infrastructure, promoting local production, and also implementing an effective supply chain. Also,  this will be done by the government, which controls the fuel price, and it should be enough to supply various parts of the country.
You are right; the Nigerian government can control all these but they need seriousness and time because the damage has been made already and to providr solution take so many stages and steps, and we citizens need to contribute as well.

Nigerian government has abandoned one of the easiest and less expensive means of transportation which is through train; now that petroleum products are expensive, coal might be affordable and the train transportation is safer than road. If we have been using both of the for long, the government would have alternative ways to provide proper solution to the problem.

Nevertheless, if our Nigerian Refineries can start to refine crude oil, all these hardship will be reduced as the price of petroleum products will reduce which will have effect in almost all prices of goods.


Title: Re: High cost of commodities
Post by: DaNNy001 on October 22, 2023, 07:26:04 AM
Funny how you say if we can survive or not. What have we been doing all this while? The price of things going up during this period is not something that is happening only in Nigeria, because it's normal even in the normal business sense, because once demand is high and supply is low, then the price of things will eventually sky rocket and that's the case with this period, because at this festive period the demands of things tend to be on a different scale that's slightly higher than the average and this result to cost of goods and Commodity and I believe it's happening every where but since surviving is actually the feature of humans that you cant be altered, I think we are good and we will survive just like the previous times we have been doing.

As for a better economic, we can only hope that we get that soon because if it's all the necessary resources for a country that actually possess this, I think Nigeria has all but the issue is just mismanagement of funds and I think until we tackle this issue as country, there will be always be a thorn in flesh we can't get rid off.




Title: Re: High cost of commodities
Post by: Roseline492 on October 22, 2023, 07:30:51 AM
The reason why most of the things are high in price because of the exchange rate, because we are all aware that every increase in dollars seriously affect our currency and most of the commodities and other materials are bought with dollars so there is a likelihood that the seller will sell a bit higher than what he bought with in other to make his profits.

But however there are most people who have intentionally decided to increase there items just to take advantage of the current situation perhaps I blame the government of  that one because it was supposed to be there responsibility to enforce a price control measures in other to stop people taking advantage of the poor.

Things that use to be very cheap has now become a Hortcake for most people to afford.


Title: Re: High cost of commodities
Post by: SmartGold01 on October 22, 2023, 07:34:40 AM
We all know that things are very expensive especially when is approaching festive season precisely clothes, foods people who are living under paid salaries might even finds it very difficult to survive because the rate at which dollars has taken over our Nigerian Naira is showing much concerns and threat to our economy, people finds it very hard and difficult to survive despite we do cut out small portion of dollars over here doesn't mean we aren't affected.

I over had some discussion with my friends and they were complaining of their concerns and how things aren't moving properly with them and even the money they are being paid can't for one day pay cover their cost if living due to the high dollar increase. At this point they seems to lost hope because it's very hard for an average man to survive or woman to survive with at least 50k per month.

Again, for those waiting for month December to come first should at least start buying their Xmas things now maybe it could reduce expenses because a bag of rice (50kg) currently is sold for 50 to 60k and I am very sure by first week of December it would cost 90 to 100k , that is why it's very wise to start projecting some of your Xmas things now.


Title: Re: High cost of commodities
Post by: Dzwaafu11 on October 22, 2023, 07:36:21 AM
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

Things more than this happen, and we people survive them, so even with this one, it is just a matter of time before it passes. However, things get high based on how people demand it. During that period of time, if the supply is slow and people that need such things are plenty, then definitely things will change. However, if you look at it, you will understand that companies in Nigeria are now producing less of these things because people that demand them are plenty, so you can see that since the supply in the market is slow, people who get these commodities will double the price because they only have a few people that have them in their stores. And the reason why the supply is low is due to PMS, which is high. Suppliers are unable to push out goods for the people that will buy them, so the less they supply, only a few people get them, and it's a high cost. And all these problems can be solved by the government.

If the average Nigerian can’t survive it, we wouldn’t all have been alive to witness another year like this. This has been happening for a long time now and will continue for years to come.

You can’t say it will continue happening for years to come, mate. This is one of the reasons we cannot get to solve our country's problems. We are the ones to pray for a better Nigeria, but at the same time, we don’t do that. We always have things that cannot be sorted out in the country, which is wrong for any problem that happens in a country. If you see that the government doesn't solve it, they don't want to solve it. If not, there is no problem in Nigeria right now that our government cannot survive. But what is happening is that the kind of leaders we have, most of them are there to make more money, not to do better things for us, and that's why you will see that things are going the other way.

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I am yet to know what causes the price of foodstuffs and household items to increase

The reason why things get high in the country is obvious, man. The main reason why things get high today in Nigeria, I will say, is the PMS price. If you look at it, it’s been happening before every end of the year. You will see that the PMS price gets high, and you will see that everything, not only good stuff but even clothing material, gets high at that time. So the reason why Nigerians are panicking this time is that the price of PMS got double because of the subsidy removal since early 2023, so we are not used to it, and that is why every single thing in the market gets double in price because suppliers use the PMS to supply goods to the market.


Title: Re: High cost of commodities
Post by: knowngunman on October 22, 2023, 09:04:41 AM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

This is not longer a news anymore for this our country and we are already use to it. Na small thing dey cause am. increase in food prices, higher cost of energy and transport, and depreciation of the naira. Na all these things dey make the price of goods and services dey jump pass the roof. Government dey try to do something but e no dey easy. Make government diversify the economy, reduce the country reliance on oil and gas, make agriculture increase productivity and boost export. Make dem also invest in education and Healthcare and fight corruption. All these things go help but e no go easy. We all need to try hard to make things better.

Sharing money for people as dem dey plan in the name of cash transfer na just waste of resources. No sane country dey do that kind thing to alleviate suffering. I don't know where Nigeria dey get that kind useless and unfruitful idea and policies. Some people go hide under that to enrich themselves while the suffering continue hitting the poor masses. Use the money for something meaningful like subsidizing food items and implement policies wey go make people comfortable. But all hope is not lost yet since we get God, we continue dey survive.


Title: Re: High cost of commodities
Post by: rachael9385 on October 22, 2023, 09:21:31 AM
I would say that as a Nigerian we are, am not talking about those that didn't grow up here in 9ja, am specific to those of us who have been here from childhood to mature age, so I don't think there is anything that's new in this country anymore, we have seen it all and nothing is new anymore to us, the only thing that we are expecting is for our presido to use the country as a collateral just to get a loan so everyone can be slaves but the greatest news it that is can't be possible because what happened in Ghana at the year 4 June 1979 (https://www.nairaland.com/975127/did-ghana-actually-killed-all) will definitely happen here in this country, but we just want peace to be in Nigeria now fierceness in the country.
Well, I suggest that everyone should try as much as they can to make sure that they be save, because with life there will also be hope for the betterment of Nigerian.


Title: Re: High cost of commodities
Post by: Adams0001 on October 22, 2023, 11:10:09 AM
If the average Nigerian can’t survive it, we wouldn’t all have been alive to witness another year like this. This has been happening for a long time now and will continue for years to come. I am yet to know what causes the price of foodstuffs and household items to increase. At the end of every season,

This is what people are saying, which is very bad. How can you say that this will continue for years to come? Did you even know what is called the power of the tongue? If at all you have done your research you will know the course of the problem and why the commodities in Nigeria get high at any end of the year. You won’t have said that because you will know where the problem is from and again the solution to the problem, but I will assure you that the high cost of commodities can be controlled.

Nothing is impossible, they can control all the high costs of all commodities but they are not ready to do it now because we have been suffering from it for many years now, if they are serious about fixing the issue, I am sure they should have started it right away but no one is ready to solve the problems, our leaders are just corrupted eating money that does not belong to them and the federal government cannot control all 36 states, which is why we have each governor in very state,  But not all of them are honest they may gather money for the federal government to work in the state and fix some problems  but they will not do so instead, they will keep the money and divide it among themselves because they don't want the country to improve.

we need to get a good leader and stop the corruption because many people are used to it especially our leaders they don't know anyone except their family and children they want the poor people to continue suffering, Buhari regime he close border we can't buy products in another country he said everyone should go and farm and the people that form they spoil their crops in the form bandit attack them and spoil everything, and that will cause food prices to rise and another thing because there is not enough and no money if it is not our politicians who are in control of this bandit they should have found a solution to them already.

Tinubu regime now again he just remove subsidy for fuel everything just increase price like crypto because without fuel foodstuffs and other things cannot be circulated in the country i think he will be among things that make things cost in the country because even if you went to the makers and buy something and you complain that the product is cost they will say fuel as increased price, and fuel is among things that make the country great because without fuel there will be no transportation, And in order for all of this to be affordable the price of gasoline must be reduced, as it has risen by about 640# per litre now, am very sure if fuel reduce price all this foodstuffs and household items will decrease too and the country will be more better again.


Title: Re: High cost of commodities
Post by: Miles2006 on October 22, 2023, 12:15:21 PM
Lol, why Nigerians no go survive,ever since Nigerians has been surviving so this is not a new thing. Ever since this year started the marketing sector just dey upside down. But come to think of it, price of goods will not just increase there's something wrong with Nigeria economy.
Firstly if government can make a conducive space for our marketers I think price of things will subside. I came across a video on arise news where some market women where  seeking assist from the government, calling the government to creat a condusive environment where they can grow and get loan.
I sure say everybody dey stay for naija, you fit testify say everyday price of goods dey increase, why?
Transportation: transportation na the major problem wey our marketers dey face even we as individual. As transportation don dey expensive like this marketers go need to increase price of goods to stand their business.
Demand and scarcity: the population rate for naija don pass be careful, this thing wey you talk no dey for only Christmas season e dey for Easter season too. I don observe say every festive season price of goods dey increase because na the season wey celebration dey, every family wan celebrate. Let's take rice for example, half of naija population go cook rice on Christmas day and marketers dey very trickish sometimes wetin you wan buy that season no dey rampad na only one person dey sell am due to high demand, na so the only person wey get that product go add price 5× for that product. I don observe na festive season all this things dey happen


Title: Re: High cost of commodities
Post by: Timmzzy on October 22, 2023, 12:24:18 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

Fuel price as I see am my dear brother man I just weak like menhn, were we dey go for this country menhn if u no get better hand work wey be say steady flow of customers dey come in and out e go really choke oh... To be honest Dollar now dey ₦1,200. Haba like this we no dey fit breath again.


Title: Re: High cost of commodities
Post by: Lida93 on October 22, 2023, 10:22:51 PM

Nevertheless, if our Nigerian Refineries can start to refine crude oil, all these hardship will be reduced as the price of petroleum products will reduce which will have effect in almost all prices of goods.
Brotherly you have said my mind in all you have spoken. But you see this issue of refineries working or not working it's a rhetoric that's beyond what meets the eye. For the cabals that are benefiting from the continually dormancy and dilapidation of the refineries in the Nigeria would do anything within their strength to perpetuate the status quo just for them to keep their benefits flowing while the timid masses that would have been benefiting from the productions of those refineries if revamp and maintained just keep suffering.

There are cabals that are enlarging their pockets through the exportation of refined crude oil that was supposed to be done in the home country where the material is located and not until these cabals die a natural death these problems of increase in fuel price leading to constant increase in food and  prices of other materials will not end. They just keep making promises each year with no corresponding actions to promises made. The situation of Nigeria is a simple clear example of a  country where we have individuals that are stronger that state institution's - in such a country nothing works for the common man!


Title: Re: High cost of commodities
Post by: Stable090 on October 22, 2023, 11:50:47 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

With the way food items are already high, I can’t just imagine the amount that will be added to them during the festive period. It’s something that happens always in this country, so we are still expecting it to happen during this festive period. All this is caused by poor management. The government should have people that are going to regulate the prices of food items, but they allow everyone to sell at individual prices, so the more the demand for a food item is increasing, then everyone will keep on increasing their prices. If there are people monitoring them, then it shouldn’t be like that.
 
The government should be blamed for things like this happening, but we should also blame ourselves. We the poor are not trying to help each other, any little opportunity everyone is having, they will want to miss use it, which is very bad, the food items might not increase money from where they are getting them, but due to festival period, they will want to add money to make more profit, which is very wrong. Someone who can do this, if the person is given the opportunity to hold any political office, then the person will also be stealing.


Title: Re: High cost of commodities
Post by: DubemIfedigbo001 on October 23, 2023, 04:21:13 AM
This has been happening for a long time now and will continue for years to come.
Are you cursing the country that this bad condition will be a continuous thing?. Things are bad, times are bad, and we should at least be optimistic for a better tomorrow. Change is a constant thing and I personally believe that Nigeria will experience change pretty soon. The country is under siege and manipulations of our devilish politicians, If not, festive season should be a time to lower the cost of goods and commodities to enable people celebrate actively and happily.

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I pray there’s a difference this year which at the same time I feel they won’t be any.
Your prayer and your believe are contradictory, how do you expect the prayer to work?. Have faith cos its your faith that will push God to answer your prayers.


Title: Re: High cost of commodities
Post by: Asiska02 on October 23, 2023, 06:53:02 AM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

As a Nigeria we have a very strong belief that with every hardship comes ease. Nigerians are optimist and they are willing to see the good out in every situation they find themselves. With the cost of hardships, we still have a lot of work to do to fend for ourselves when the government is not ready to give them. At this point, I think the government has no control whatsoever on how to control the economy situation of the country. No control price of goods and commodities, the marketers are the ones regulating the market price. But we are still hoping for a better change since change is constant.


Title: Re: High cost of commodities
Post by: uchegod-21 on October 23, 2023, 06:01:21 PM
We complain things are hard yet we ourselves make things difficult for us. Many Nigerian traders and businessmen are hoarding goods they bought at extremely cheap prices few months back and are waiting till we get to November or even December to sell them at exorbitant prices because they know demand will be high during the festive period. What I like about it is, the high profits they are making,  they will still spend them on other expensive commodities and services.

We Nigerians over the years have developed tough skin to all this hardships. Everyone will survive it whether rich, average or poor. Its not something new to us anymore. I will only advice that we avoid wasteful spendings. We still have our Normal lives to live after festivity. Country hard sha.


Title: Re: High cost of commodities
Post by: Spaceman1000$ on October 23, 2023, 09:51:55 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
All we have to do as people is to hope for a better tomorrow as our today's reality is strangulating us. The economy of our country is currently experiencing a term in economics called *hyper inflation",  where the market forces are majorly determined by the marketer's, as government can barely come in to mediate the situation as they are handicapped with the situation of things. We are in for a long ride but I believe we will surmount it with time.


Title: Re: High cost of commodities
Post by: CryptoHeadlineNews on October 23, 2023, 11:49:07 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
Currently, the price of dollar is been sold at the rate of #1200 per $1, and as such, so is the price of goods and commodities rising every day in their numbers in the market, of which the poor massive have no option but face the high price of it, hence, suffering when they can't afford a square meal due to the fact that they have limited resources. So in regards to the question you just asked above about why do the price of goods always goes high when it's about approaching festive period e.g Christmas, of which for me, my sincere answer will be that the price of these goods are raise high simply just to maximise profit, knowing fully well it's a celebration period,  and no other reason.


Title: Re: High cost of commodities
Post by: Franctoshi on October 24, 2023, 07:57:36 AM
We complain things are hard yet we ourselves make things difficult for us. Many Nigerian traders and businessmen are hoarding goods they bought at extremely cheap prices a few months back and are waiting till we get to November or even December to sell them at exorbitant prices because they know demand will be high during the festive period. What I like about it is, the high profits they are making,  they will still spend them on other expensive commodities and services.

The bottom line is that so far Nigeria remains a consumer rather than a producer things keep getting worse because of our dependency on dollars to import goods


You are right but governments are the major cause or contributor to what we are experiencing today, what are they elected there for?  Is it not to rule and to guide the people? There are agencies of government that are in place or meant to checkmate the activities of these traders, like traders who are intentionally taking advantage of this current economic situation by increasing price more than what it is supposed to be, forgetting that there is no escape route for any Nigerian doing this, so far you work, feed and stay in Nigeria,  there are other ways you too would spend that money you think you are making from hiking of prices 2-3X and above.

We Nigerians over the years have developed tough skin to all these hardships. Everyone will survive it whether rich, average, or poor. It's not something new to us anymore. I will only advise that we avoid wasteful spending. We still have our Normal lives to live after festivity. Country hard sha.
Yes, but this situation is just like you are already into wasteful spending because the expense is on a steady increase and the income is no longer matching the weight of our expenditure at the end of the day,  weeks, and months,  take you, for instance, something you used to buy let's say #500 and with a salary of #50k per month and now due to the skyrocketing prices,  you now have to buy the same product at #1500, 2x in price while your salary remains #50k,  and this price increase is also experienced with other products you purchase, so this is what I think is the major case here.


Title: Re: High cost of commodities
Post by: Ruttoshi on October 24, 2023, 08:48:29 AM
High price of fuel, lack of good government, corruption, no love and unity, and greed is what is killing the country. Everyone wants to get advantage of his neighbor to make money. Why is it that this only happens when Christian are celebrating their own festivals, during the Muslim salah period, the cost of commodity remains the same and the price of cloths is still the same. The cost of petrol remains the same, and we don't even know that Muslims are celebrating.

Why is it that the Christian celebrations and festive periods are different, the cost of food, cloths, fuel and the rest spike up and makes the festive period somehow difficult for the poor. I think that there is a problem in this country, ot is it that the Christian are the ones that are causing the fueling the high price of commodities in the country or what.

 In the developed country, government makes the prices of commodities, especially food clothing and place of have fun very cheap, they even go as far as giving discount in whatever you buy during chrismas period so that everybody will be able to afford it and enjoy this period with less expenses, but in other country Nigeria is the other way round.


Title: Re: High cost of commodities
Post by: RockBell on October 24, 2023, 03:22:16 PM
As we approach the festive season...prices of things have gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

A lot of things are currently affecting the price of commodities but the increase in the dollar and the approach of the festive season, especially clothes and shoes, and I noticed that the price of anything that goes up hardly comes down in this country and marketers are always taking advantage of every single moment, they always have stock in the shops so they always get very greedy to add a lot of money to their stock, and most of this commodities don't have any serious competitors and the ones available are taking advantage of people just to make more money.


If the average Nigerian can’t survive it, we wouldn’t all have been alive to witness another year like this. This has been happening for a long time now and will continue for years to come. I am yet to know what causes the price of foodstuffs and household items to increase. At the end of every season, I thought things should always come do   since new items will be arriving the following year but in Naija the reverse is the case. What pains me more now will be the scarcity of fuel that will come in 1 and half months to come from now. It has always been like that, I pray there’s a difference this year which at the same time I feel they won’t be any.
Nigerians are surviving and trying their best to survive every single moment and every situation that is coming but the problem with Nigerians is that we are too tolerant verydark man said something about shutting down the country nobody should go to work and there should be a peaceful protest until our demands are met but we won't do what is right to do in a particular time the way people stood for mohbad why can we do the same for our selves, and for the increase of foodstuff it will continue to increase everything that increases in this country in this country no they come down.


Title: Re: High cost of commodities
Post by: Richbased on October 25, 2023, 09:23:32 AM
Our mentality and reasoning is what have been putting us in problems for long, how can people just begin to increase price of goods and services just within a particular period of time called festive period as I don't understand the difference between these so called festive seasons and the rest of the other seasons.

Everything skyrockets during this period simply because the demand of goods and services are on high level, people start making things complex for the common men in the society during this period as these price increments have no effect on the rich and wealthy people are not even bothered because they can afford whatever they want.

Until we stop this incessant mentality of increasing prices of goods and commodities during this festive seasons knowing too well that the effects will go straight to the less privileged in our society, the better for us all.


Title: Re: High cost of commodities
Post by: Y3shot on October 27, 2023, 06:26:18 AM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
Even the things that the price is not suppose to be high in the market people are using the dollar price as an advantage to make money. Things that are suppose to be expensive are things that are not made here in Nigeria but the things we have here in Nigeria keeps increasing because of dollar price which is not sppose to be so. The way price everything is getting expensive is getting at of hand their is nothing the government is doing to put a stop of it, it is just getting too bad everyday.  Nigerians will find a way to survive the hardship  because their is no any other option than to survive.


Title: Re: High cost of commodities
Post by: CryptopreneurBrainboss on November 01, 2023, 03:33:34 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

Inflation due to the devaluation of the Naira na the main reason and the second reason na because say na festive period as you dey talk. Marketers need money to use enjoy Christmas and dem know say people dey willing to spend this period as na when money dey flow for the country be dis. Bosses and businesses go give out Christmas bonus so dem wey no dey get dat bonus na to increase their price so dem fit afford things too like others. This one na number occurrence every year and e dey happen for every country so it isn't only a Nigerian thing. Best way to prepare for his times na to buy times on time when dey never cost. You can stuck them up so in the festive period you already have things that'll hold you during this expensive days.

We complain things are hard yet we ourselves make things difficult for us. Many Nigerian traders and businessmen are hoarding goods they bought at extremely cheap prices few months back and are waiting till we get to November or even December to sell them at exorbitant prices because they know demand will be high during the festive period. What I like about it is, the high profits they are making,  they will still spend them on other expensive commodities and services.

That's just it, people dey forget say when you increase your price for your business, it automatically increase the other businesses dat depends on your business as everyone try to get profits so they can use other services too without going broke. If transportation increase, market woman go increase and others wey buy the foodstuffs go also increase. The hoarding of goods is a known practice as e dey since so na just wetin dey and we can't stop it because na people businesses strategy but wetin the government go fit do na to make things better for the country and even though goods and services increase this festive period e no go too cost for us not to be able to afford them with peace of mind. Na the hardship for the country dey cause us to para if not this things na normal something wey dey happen everywhere.


Title: Re: High cost of commodities
Post by: Hewlet on November 01, 2023, 04:49:00 PM
No be new thing say when xmas de approach like this, things de increase price. na wetin don de happen since on a yearly basis and everybody don de use to the fact say once November to December reach like this, things go increase price wetin no good.

But make you try understand say some wise ones de also cash out from this period because de go done stuck stuff plenty for there shops and and now when price don go up dem go use am cash out, Na so wealth de take come. Another thing also you need know na say as price of things de increase for one sector, e de also increase for every other sectors apart from the salary earners when de receive fixed pay every month. So if you be business person, you too go follow increase your own price so that way, everyone go experience a win win situation.


Title: Re: High cost of commodities
Post by: SmartCharpa on November 01, 2023, 05:14:30 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

Are you still doubting? As if we are not in the same Nigeria again, of course we are going to survive it, we have been facing this for so long, nothing dey new to me for this country again, is just that this year really dey different, because now that December is coming i believe food items will still cost than this, immediately we enter next month, all items will add price, it will even hard for some people to buy like Ram for Christmas, because we are not saying the same thing as last year, This year shege have totally passed the one we have been facing for so long, the actual thing i see that caused all this, do not pass fuel prices that increase, since Tinubu promise to removed fuel subsidy, we started facing 2x of Buhari regime, now that december is approaching another problem. We keep on saying that, we hope for better tomorrow, the country keeps getting worse every day.


Currently, the price of dollar is been sold at the rate of #1200 per $1, and as such, so is the price of goods and commodities rising every day in their numbers in the market, of which the poor massive have no option but face the high price of it, hence, suffering when they can't afford a square meal due to the fact that they have limited resources. So in regards to the question you just asked above about why do the price of goods always goes high when it's about approaching festive period e.g Christmas, of which for me, my sincere answer will be that the price of these goods are raise high simply just to maximise profit, knowing fully well it's a celebration period,  and no other reason.

That what people keep on complaining about, that dollar price have increased, i believe even though price of dollar decrease today, the price of food items will hardly to go down. It will very hard to see where Nigeria goods prices raise and later come down.


Title: Re: High cost of commodities
Post by: Obari on November 01, 2023, 10:47:02 PM
No be new thing say when xmas de approach like this, things de increase price. na wetin don de happen since on a yearly basis and everybody don de use to the fact say once November to December reach like this, things go increase price wetin no good.

But make you try understand say some wise ones de also cash out from this period because de go done stuck stuff plenty for there shops and and now when price don go up dem go use am cash out, Na so wealth de take come. Another thing also you need know na say as price of things de increase for one sector, e de also increase for every other sectors apart from the salary earners when de receive fixed pay every month. So if you be business person, you too go follow increase your own price so that way, everyone go experience a win win situation.
We're fast approaching Chrismas and there's a whole lot to handle in the country. The new government in power, things just hard, everywhere choke and I doubt if this government go ever better. Make we start from fuel price, the way fuel de increase, e come be like crypto wey de pump and e de dump when the time don reach. Weytin everybody de after na their own personal gain for the present condition of the country. I reached marker last week, things don cost oh, everything is expensive and person need money so that person fit settle bills and provide for the necessary needs in the house.


Title: Re: High cost of commodities
Post by: Chilwell on November 02, 2023, 07:21:31 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

Many items don put money for up, you are right if lfestival dey come na so e dey be but this matter too early because festival still far but wetin I dey think say dey cause am na the naira wey dey raise against dollar because when I accompany my friend to shoe company to buy shoes for sell, dey say the price don go up we now asked and dey said na the dollar dey affect am I come shock say even shoe wey dey make for Naija, dollar still the affect am but Sha na the bad government wey we get cause am.


Title: Re: High cost of commodities
Post by: Roseline492 on November 02, 2023, 09:24:39 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
Well actually is always expected that whenever the Xmas period is close the price of commodities, household things, and almost every other things tends to increases because people are using the medium to get all the things they would need for the Xmas with the reason that the prices may increase more than the way it is now and however making the demand of goods and services very high which will result to increase in price.

Because in times of business we have law of deman and supply, so every spike in price during Xmas period is as a result of higher demand of commodities, so is a normal thing in business perspective.


Title: Re: High cost of commodities
Post by: Gideon66 on November 02, 2023, 09:58:45 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
This is not affected only in Nigeria most African countries  it's be cause by the dollar increase and as for survival we are going to pass through it and not all Nigerians will be affected with this. Those earning in dollars we not pass through the hard times this normally happens during Xmas period.


Title: Re: High cost of commodities
Post by: Youngkhngdiddy on November 02, 2023, 10:12:01 PM
Well actually is always expected that whenever the Xmas period is close the price of commodities, household things, and almost every other things tends to increases because people are using the medium to get all the things they would need for the Xmas with the reason that the prices may increase more than the way it is now and however making the demand of goods and services very high which will result to increase in price.

Because in times of business we have law of deman and supply, so every spike in price during Xmas period is as a result of higher demand of commodities, so is a normal thing in business perspective.
  Well it’s not the first time we are experiencing increment of commodity at festive times, and yet people still survive and celebrate the holidays the best way they can. You made a solid point there when you say price of goods goes up when there is higher in demand of the product in the market. This is just the concept of economics. We may see the price of goods going up x4 of it usual price now that our naira is noting to write home about. Even in this rough time we Nigerians we know how to survive tough times the government has trained us to be survivals instead of citizens, our govt has always failed us we don’t even expect anything much from them anymore that’s how bad it is being.
  There are so many factors affecting the price of these goods, the most important one is transportation, which is one even out locally made products seem to be expensive this is because the cost of transporting this goods to consumers is high, this is cause of bad roads and high cost of fuel. Transportation is one of our major problem in the country right now.


Title: Re: High cost of commodities
Post by: Y3shot on November 03, 2023, 06:50:27 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow

Many items don put money for up, you are right if lfestival dey come na so e dey be but this matter too early because festival still far but wetin I dey think say dey cause am na the naira wey dey raise against dollar because when I accompany my friend to shoe company to buy shoes for sell, dey say the price don go up we now asked and dey said na the dollar dey affect am I come shock say even shoe wey dey make for Naija, dollar still the affect am but Sha na the bad government wey we get cause am.
This is period make we use understanding as things be comport ourselves, the season will come and go and e Jo go male sense person use all the money wey dey for hand to spend for Christmas just to show off. People should never be carried away by the season because if they let the season to get into their head it can even them of taking loan just to celebrate well which will put them in debt which it will stress them of paying back. It is better to just stay and not birder to celebrate the season because it will come and go, no point for people to run into debts because they want to celebrate.


Title: Re: High cost of commodities
Post by: Gideon66 on November 03, 2023, 08:53:55 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
What could be the actual cause? ...will the average Nigerian survive it? Well we only hope for a better tomorrow
I will say this has been a common thing now any small increase in us dollars Nigerians will just increase price of things, fuel prices ,electricity and transport which is very high now making it difficult for both car owners, business men and women .this increase has make life difficult for people the salary Is not even enough to cover the needs we Nigerians need to do something about this.


Title: Re: High cost of commodities
Post by: Youngkhngdiddy on November 04, 2023, 08:45:36 PM
All we have to do as people is to hope for a better tomorrow as our today's reality is strangulating us. The economy of our country is currently experiencing a term in economics called *hyper inflation",  where the market forces are majorly determined by the marketer's, as government can barely come in to mediate the situation as they are handicapped with the situation of things. We are in for a long ride but I believe we will surmount it with time.
  The economy continually depreciates but there’s nothing we can do beyond us having to blend in with the rate of inflation. As its been observed once prices gets inflated, there’s little or no possibility of it deflating. Yea how disheartening it sounds but as a people we’ve got to live through it. This inflation is majorly due to the unstable economic situation and it’s really appalling as the elected representatives at the top governmental positions who ought to look into these loopholes to create a covering to reduce the effect are even the ones helping the economy to depreciate further cos of first greed and their incompetence.
  The sad truth of every non developing nation is her inability to manage times of economic crisis to curb the effect of an unstable economy which will in turn lead to high cost of living, currency depreciation and worst of all high rate of poverty. In a situation where an economy starts declining and no proactive measure is done to prevent its worsening, it will only lead to less development and a scenario where the inhabitants would have to strive daily to survive in the unfavorable conditions. The best solution is to have a competent, selfless leaders who  would place the livelihood of their electorates first and ensure that they live sufficiently and they don’t deteriorate even as the economy does whilst trying to live through it. But we just hope on time.


Title: Re: High cost of commodities
Post by: adultcrypto on November 05, 2023, 09:51:15 AM
Before this thing been dey worry me so much, e dey pain me as price of things just dey fly dey go when money no even plenty dey come like that. E get when e reach, I come advice myself say if I no stop thinking, person fit enter depression. Since then, I no dey worry myself again. If price increase, I buy as my hands reach and manage. The solution for this Naija matter na to just make more money because the price go continue to increase, e no go come down. If you dey wait make price reduce, you go wait tire.


Title: Re: High cost of commodities
Post by: Victorybit1 on November 05, 2023, 01:54:50 PM
The thing wey dey pain me for this matter be say Government no dey do anything to stop the inflation. Everybody just dey do anyhow them like for the country.
That's why the stealing rate is also increasing because of hunger. I'm not justifying why people should steal to survive or do anything illegal for money.
My point is this, the High cost of living can breed a bad or wrong lifestyle.
God made everything available for us here on earth but humans decided to make life difficult for ourselves. It is well with us all


Title: Re: High cost of commodities
Post by: EluguHcman on November 05, 2023, 05:17:53 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
I was expecting you would say price of goods and services including essential commodities has gone higher instead of saying "it has gone high" Or have you be on a low rate exchange before this seasonal approach? 😆



What could be the actual cause?
Simple as inflation as a caused to hard economy basically rooting at enriching the riches the more while indirectly taking taxes from the masses through the hike of goods and services.


..will the average Nigerian survive it? Well we only hope for a better tomorrow

The word "hope on God" is as feeling less concerned and given up to proclaim your possessions as what you are capable of doing and the awkward moments of blank-folding your potentials.
There is absolutely no manna's descendants from heaven.
You don't indirectionally instigate settling for less.
So... Don't hope on God with no point actions taken as an individual.
The government doesn't care about you and that doesn't warrant you to lost confidence of yourself waiting on Gods judgement day.


Title: Re: High cost of commodities
Post by: Baki202 on November 05, 2023, 08:24:44 PM
No be new thing say when xmas de approach like this, things de increase price. na wetin don de happen since on a yearly basis and everybody don de use to the fact say once November to December reach like this, things go increase price wetin no good.

But make you try understand say some wise ones de also cash out from this period because de go done stuck stuff plenty for there shops and and now when price don go up dem go use am cash out, Na so wealth de take come. Another thing also you need know na say as price of things de increase for one sector, e de also increase for every other sectors apart from the salary earners when de receive fixed pay every month. So if you be business person, you too go follow increase your own price so that way, everyone go experience a win win situation.
Not only Christmas but once you see say festive season done they come either sallah or Christmas them go wan use opportunity take put money for price of goods, i notice say some hausa  people wey get shop them go pack some things hide and wait for when the price is high and they start bringing them out. Abeg if you look this matter no be wickedness be that so most of the problem wey we get for this country na we be the problem our self. And cash out of business is good but we all know how we they survive so at least make we pity our self na, and you go see say even fuel they scarce that time just say we wan suffer our self the thing no pass that one. Even if you get business putting to much of money on products no good abeg at least make the price they moderate.


Title: Re: High cost of commodities
Post by: Agbamoni on November 05, 2023, 09:30:02 PM
As we approach the festive season...prices of things have really gone up...from food items... clothing..even household items and there is less flow of cash
I was expecting you would say price of goods and services including essential commodities has gone higher instead of saying "it has gone high" Or have you be on a low rate exchange before this seasonal approach? 😆



What could be the actual cause?
Simple as inflation as a caused to hard economy basically rooting at enriching the riches the more while indirectly taking taxes from the masses through the hike of goods and services.


..will the average Nigerian survive it? Well we only hope for a better tomorrow

The word "hope on God" is as feeling less concerned and given up to proclaim your possessions as what you are capable of doing and the awkward moments of blank-folding your potentials.
There is absolutely no manna's descendants from heaven.
You don't indirectionally instigate settling for less.
So... Don't hope on God with no point actions taken as an individual.
The government doesn't care about you and that doesn't warrant you to lost confidence of yourself waiting on Gods judgement day.

Lol it might be a joke but your saying the truth. Once we come to this festive season e they be like say nah another thing. The thing wey they make me vex be say even if nah the same goods they store wey them done buy since they go still increase the price sell am . Nigerians nah opportunist if you give them chance or like say person no wise them go use catch cruise. Thank God say person done wise. Me ah done already buy weting i need for the festive period earlier since october so that ah go they laugh people wey they buy things during november- december. Funny say ah done even buy foul wey ah go chop for december train am till that time reach so that they no go tell me say foul nah N20,000