[ECONOMICS] Yesterday's Price Nor Be Today's Price

[Agbe]

Naija wahala e dey tire person. Present President Tinubu said he go make things better for Nigerian to enjoy and come scattered the economy without a modality (any good structure) to address the issue first. The present situation in the country is caused by the present Political party in the country. If really Tinubu wants to do something to help the inflation or the citizens, he would have done something to address this matter for im 100 days in office. Tinubu 100 days in office are di worst in Nigeria president in history. Buhari initiated Npower to doused the tension within his 100 days in office. Tinubu is depending on the unrealistic refineries which will disappoint him again. The president can do everything to reduce the prices of things. Sometimes ordinary proclamation can do the trick. But they can't do that because they are the origin of the problem. They tax the manufacturers, wholesalers and other big businesses so the retailers who went to buy the goods from the wholesale have to pay for the tax fee by the wholesalers so they retailers have to sell their goods in a higher price to cover their prices from the wholesalers. The cost of living in Nigeria in the hand of APC is something else. Before if you take 5k to the market, your kitchen go full with food stuff but today if you take 5k enter Market na only one or two things na you go buy come house. APC government never plan anything good for the country. Most of will say, weti concern APC with what is happening in di country or inflation. My brothers and sisters, na dem be di konkon. Tom Tom in my area now is #30 and some place na #40. Really I no wan tok again on dis matter dem. But I believe say dis year our governor go hear my voice. Di former governor of the state heard my voice and I was to be the president of PDP social media committee in 2014 but I rejected it because I ma advocate for all and not for myself. And dis has been my ambition because I am a philosopher king. According to Marxism, the solution to this problem is revolution and this would have started in 2020. There are some things we need physical action and not only prayers. Nigerian Labour is fighting for themselves and not for the public. Right now they on strike because their member was beaten in Imo State. The citizens should come together to change the present narrative in the country. We are standing alone in this country. All di key ACTORS are supporting the government. The price of goods have sent many to early grave.  Di Lord is out strength.

[Samlucky O]

Na only my country 9ja wey I see say e dey above the law of gravity. That is to say wetting go up no go come down again. I no fit dey make budget for this kind economic recession. If you no want get problem atol just get am for mind say you dey go market go buy food stuff, just carry money buy wetting theomey reach come back house because if you budget before you go market you ft reach market they think say person don rub you. Because wetting you go buy with #10k go just dey for one small nylon.

Sometimes I dey wounder how we carry find ourselve for this kind situation. The worst part be say as goods/commodity price dey high the more the goods dey reduce. You don buy gala recently? Nigeria Gala wey I know before If you finish 2 you don belefull but now e be like wetting return from prison. Spaghetti wey you talk so e been dey thick like about 2mm but now e don reduce to nidle size and the price don high. Another one na Titus when Titus be Titus na 5fish and plenty oil dey dey am but now them don reduce the fish to 2 and the name come even change to Estus and the price still dey go $1 men I no fit explain wetting dey happen o because wetting you dey see we too dey see am o. Yesterday I say make I buy biscuits, fish cake when dem bring am for me I ague say no be am because the slim fit am to shegge. Abeg 9ja don tire me.

[Youngkhngdiddy]

Na only my country 9ja wey I see say e dey above the law of gravity. That is to say wetting go up no go come down again. I no fit dey make budget for this kind economic recession. If you no want get problem atol just get am for mind say you dey go market go buy food stuff, just carry money buy wetting theomey reach come back house because if you budget before you go market you ft reach market they think say person don rub you. Because wetting you go buy with #10k go just dey for one small nylon.

Sometimes I dey wounder how we carry find ourselve for this kind situation. The worst part be say as goods/commodity price dey high the more the goods dey reduce. You don buy gala recently? Nigeria Gala wey I know before If you finish 2 you don belefull but now e be like wetting return from prison. Spaghetti wey you talk so e been dey thick like about 2mm but now e don reduce to nidle size and the price don high. Another one na Titus when Titus be Titus na 5fish and plenty oil dey dey am but now them don reduce the fish to 2 and the name come even change to Estus and the price still dey go $1 men I no fit explain wetting dey happen o because wetting you dey see we too dey see am o. Yesterday I say make I buy biscuits, fish cake when dem bring am for me I ague say no be am because the slim fit am to shegge. Abeg 9ja don tire me.

  Naija economy don emanciate reach point wey e fit dey hard to ever normalize again. On a steady, person budget jus dey scatter at point of business transaction. Person go write budget to enter market, he reach market, next thing na say him budget dey short changed, now he gats withdraw extra money on top to complete market expenses or even in worst cases, he go jus go back house with incomplete items, then jus find way to make do with the things wey him fit buy as no extra money anywhere. The situation dey sad no cap and omor deliverance is greatly needed no cap.
   Naija which way? How would we get out of this? Omor I no even know solution to prefer again because from head to toe, we no even know who fit help this economy pass God. Few days ago, retired economics professor for OAU been go one interview and there him talk say him no sabi where the economy dey go...that is to say, we don reach point of no return. In layiwasabi's voice, "we are in soup". Make we just prepare for the worst sha.

[Doan9269]

E get anybody here wey still dey budget? For X(formerly Twitter), some Nigerians dey recall the days wey Spaghetti na N100, Peak Milk na 80, small Loaf of bread na N50, a crate of egg na N100 and so on. But now, Golden Penny Spaghettin na N700, Peak Milk na 500, small Loaf of Bread na N350, a crate of egg na N2900.

The crazy tin for all of these things be say e never reach the limit wey be say, the price nor fit increase again. As e be now we fit by next week buy spaghetti at N1000 and even a crate of egg at N5000. Budgetting nor fit work at all because yesterday price nor be today's price at all. Abi e get anybody wey still dey do budget?

My pipo una fit help me with some strategies wey una dey use to take manage una self incase of buying. Even if you suggest bulk buying, where the money dey to take do bulk buying?
Picture source - public domain

This is the kind of funny situation we have all found ourselves in with the way the value of the Nigerian naira is depreciating each day and inflation on market price keep increasing each day, it has bow appears that you will discover having daily increment on price of market items, if you had bought an item a year or two years ago, you would have realized how it would have appreciated in value for a second hand sale instead of depreciating over time.

This is how bad the economy is going, but when the exchange rate comes down, buying market commodities does not have the experience of deflation, instead everyone lock up with the way they make their exorbitant profits.

[Majestic-milf]

 For naija, gravity no dey work where price dey becos as e go up do nah there e dey and if you wan know how you go take survive as budgeting no dey help, to me I go suggest you cut on excesses. Eh, nah true say you only live once and you can't kill yourself so you gats enjoy am, but think am before you spend. These days if not for say some of us dey campaign wey dey pay weekly, the country for choke and before we release the least 10k, we go think am but campaign or not, nothing better pass wen you dey buy according to wetin you need and not just wants.
 During the old days, you fit carry 5h prepare beta pot of soup and garri and you go eat am with your family but now to take that moni dash Pikin sef, e go look the moni you give am two times. We no fit go back to the old days, nah just wish and reminisce we go do but how we go take push forward in this hard economy nah to focus more on buying the one you need, if necessary like two or three of it, provided e no go spoil quick, so that before you go exhaust am, you fit don prepare to buy am.

[Miles2006]

This inflation for Nigeria na the major problem, everytime wey person wan buy something the price keeps increasing and the most funniest part na things with zero value na price dey increase, even common things for market like onion, now my question is should we blame government for the inflation. I observe something this inflation no dey for only Nigeria most African countries dey suffer from inflation. Everyone keeps talking about the price of things in the market but no solution yet, the more we complain the more price dey increase, for me I don't really know what's causing this inflation even if I wan start to dey mention solutions the inflation go still dey for example promoting and supporting Agriculture in the country will also help but still yet no promotion, and if we observe foreign goods no too dey expensive reach the planting food like the price of onion now na hot cake, pepper, tomatoes etc but people dey plant all this things and price still dey increase.

[Perfectbaby]

Of everything wey you talk the one wey dey make me vex pass na wen something go up and e no go gree go down again, I no know this kind kontry wey we come from self everytime na so things dey add money the worst tin be say government sslf no dey increase salary for workers but every oda tins dey increase money. Na how people wan carry survive this our obodo naija self because since nothing gree come down and hungry dey increase every day by day for dis we nation.

[Hewlet]

My pipo una fit help me with some strategies wey una dey use to take manage una self incase of buying. Even if you suggest bulk buying, where the money dey to take do bulk buying?

the strategy when i go give you na tested and trusted and I done use am see say na him work pass. The strategy na make you make more money. The reality be say price of things for this country go continue to increase with time and the people when I de pity seriously na those salary earners when government no de gree top-up there money as price of this de go up. For the average business person, as una increase una fuel, them too go increase the price of their product and that way them no go get shaking at all. E get some see product when I been de carry go sell for market by this time last year na just 4k we de sell and we been de happy with the profit when de come out that time but as I de talk to you like eh, the prise don rise enter 7k this month and around December I de pray make e increase reach like 9k so e go help my market like this. As you de complain of price so, others de when de benefit from am. If you de receive your payment for dollars you go agree say whenever price of dollar to naira favour naira, you no go too like am. Don't play comr

[Odohu]

Infact, the case of dwindling prices of goods and most services is much these days. I don't think even the bulk buying amounts to much these days if same budget of expenses on items is still used and unadjusted.

You must know that it is only in Nigeria that prices of things goes only in one direction which is upward, with the marketers always ready to provide cogent reason for that. If they don't blame dollar exchange rate, they will blame cost of fuel or just anything... they must find something to say is the reason for the hyke in price.

Also, to buy in bulk will continue with ease, more finance will be available to afford some good investments and the satisfaction of not being limited by the current Naira/economic situation and to live better will be fulfilled.

Before bulk purchase was helping but now it's almost the same thing. For instance, buying rice, beans and garri in bag is the same thing as buying in rubbers. Buying groundnut oil in gallon is almost the same as buying in bottles.  The stuff is really biting hard. The only way out now is to make more money because the prices are not coming down again.

[Mate2237]

This matter don tire me. Op you really talk di main thing. Person no fit go market with peaceful mind again because when enter Market you go first think and calculate how much you carry come market and when you price one thing as see say the price high then you come dey buy dem half half and to make sure say you buy all di necessary things in the house before di money go finished.

And di bad part be say dem no dey increase salary for di civil servants to meet up with the inflation. Lolz. In Nigeria like this we no get any poor person again because if everyone dey survive at this time then nobody is poor. The prices of things are higher than a poor so if the poor man dey buy then im no be poor man buy na rich man Al of us be.

[rachael9385]

This inflation for Nigeria na the major problem, everytime wey person wan buy something the price keeps increasing and the most funniest part na things with zero value na price dey increase, even common things for market like onion, now my question is should we blame government for the inflation. I observe something this inflation no dey for only Nigeria most African countries dey suffer from inflation. Everyone keeps talking about the price of things in the market but no solution yet, the more we complain the more price dey increase, for me I don't really know what's causing this inflation even if I wan start to dey mention solutions the inflation go still dey for example promoting and supporting Agriculture in the country will also help but still yet no promotion, and if we observe foreign goods no too dey expensive reach the planting food like the price of onion now na hot cake, pepper, tomatoes etc but people dey plant all this things and price still dey increase.

Hmm,, I no been won talk again but nah when you mention onion you just draw my attention, mostly this onion of a thing I no Badu am at all sha I go say no be the retailers them fault but the producers of the onions (like the onions famers).
Me and you know say nah just North nai most of all this food things they from they come because nah for there them dey farm them, and still the transportation to carry those things come from the North to Niger-Delta no be here, nah thousands of naira, so some time I no dey really blame the retailers too much but the only part I dey they vex for them most nah when me and you know say fuel price done come down and some people they sell their things normal but other no gree reduce the price of their goods to normal, nah that one dey make me vex pass, if you check my previous comment for this same thread you go see when I mention keke-napep driver way talk watin make me vex but how I go do? (Nothing), nai make I say after the government for this our country, nah the business people they follow scatter everything for this same country.

[Stepstowealth]

My pipo una fit help me with some strategies wey una dey use to take manage una self incase of buying. Even if you suggest bulk buying, where the money dey to take do bulk buying?

Going to the market everytime is always surprising because the price of things dey change on a steady and mercy nor even dey for the poor man and e family for inside. Forget strategy oooo, Strategy nor dey too work for this our country again,, the matter na just to dey manage yourself dey go because anyhow you take plan abi na strategy you form, government dey dey wait for you to pour sand sand inside your garri. If you also nor like the receiving end of everything, you can start the business yourself and because a direct seller to other consumers.

[Obari]

I no go lie give you, no specific strategy Dey work now at least no be for this very regime and at some point, I come Dey miss buhari because this whole thing coke be like the story of from fry pan to fire and get them no Dey get any single remorse for their victims wey be the common citizen like me and you.
Make e no be like I no share you update, one of the safest way to survive for this era na to find one person wey Dey sell most of the things you Dey frequently need just loyal the person so that you no go Dey bothered with the price increase because you believe say your loyalist gats deliver you at all time but try Dey pay in time make the person fit sty loyal.