Law of gravity no de apply for di prices of goods inside Nigeria

[DPHOR]

Who dash monkey banana to take lick and jollificate for where him dey, see this thing wey you talk i don dey reason am too because this we country anything wey go up no dey gree come down again based on say no better community wey dey monitor price of things and rest, the wey we country be if we start to dey look at how things be you go see say nothing good come out what about fuel, when the price moved from 60 naira enter 80 naira we dey think say price go reduce from their e enter 120, from there e enter 180, from there e enter 220 after some while enter 300 yet we dey hope say things go better. In fact nothing fit change that law of gravity wey dey nigeria.

[Princess Leah]

Im blaming everything on fuel scarcity and increase, transportation is so espensive these days so the average retailer has no choice than to also increase their price to be able to make some gain out of it, fuel is chasing 1k per liter like say na dollar, I just week, very soon the average transportation price a day for anyone would be 2k for very short distance like from mile 3 ph to location ph.

Fuel scarcity is one of the causes of hike of goods, sometimes our Naira may gain value but when fuel price goes high or remain the same even while Naira gains against dollar, you'll see the coat of transportation remaining stagnant. I don't really blame the transport companies or cab drivers for not reducing the cost of transportation due to the cost of fuel currently and traders too have to increase the prices of their good based on the current transportation fee nation wide.

 But then I don't think scarcity of fuel is the only cause of hike in price of goods, sometimes greed also plays a role too, there are times when there's no fuel scarcity and Naira gains against dollar but then instead of some traders to reduce the price of goods, they'll end up selling more than the previous price and claim they're yet to sell their old goods some traders would even want to sell double the previous price if they're given an opportunity which is bad.

 That's the height of it all, we all are praying for a change but the change begins with all of us, I'm fully aware that our governance of this country is poor and their are many sectors that needs to be attended to for things to get better but we citizens have a role to play as well for out country to get better again.

[Cryptomultiplier]

...
How di naira to dollar matter take concern dis thread be say, normal normal if any currency begin appreciate, e suppose cause di prices of goods and services to de come down. But with my experience for dis country as a Nigerian, anytime wey prices go up, e no de fit to come down, even if di price go come down na insignificant money dem go comot. So if naira continue to appreciate, you think say e go make prices of goods to de reduce?

The only reasonable explanation I fit give be say, inside this country wey we dey or should I say 'inside this nivear, anoda nivear dey inside '.
While government dey secure their policies, marketers and independent suppliers dey get their own policy to make profit no matter how government manipulate price reach.
 Since the removal of subsidy, we expect this to happen because we know say e no get how the economy go fit stable again seeing that the person wey even become president do mago mago take enter there.

[EarnOnVictor]

I must say you have this perfect fit for the topic regarding what is happening in Nigeria, at least on a figurative note. Nigeria is such a country that is like no other, nothing works here, and the little that is trying to follow the natural course of economics like the exchange rate, the CBN through EFCC and other state actors have started manipulating it to the point that they jailed and threaten many FX dealers into submission and as a result are now quoting their (FX dealers) price below the official exchange rate which is not happening in other countries of the world. Our leaders will never solve Nigeria's issue from the source which is to bring in more FX to our nation. How would they do this, it's by building the investors' confidence, curbing insecurity and terrorism and most importantly helping us to change from a consuming nation to a producing nation, and also fulfilling all foreign obligations and paying all FX debts.

These alone are enough to quickly drop the NGN to below N250 against $1 in no time. Are they doing it or giving us hope regarding such? No, of course, they are just doing gragra but to no any solution. I dare them to continue like this, whether they like it or not, $1 will hit N2,000, and that is what we pay when we did not uproot the weed from the root but cut it from the head. As for the indirect proportional nature of goods and services in relation to the FX they lied on, this exposes our selfishness as Nigerians. This is no longer the blame the government will absolve but the shame of an average Nigerian trying to be smart but selfish against the economy of the nation.