Rising Price in goods and services

[Fortify]

The rate at which things are becoming expressive is alarming, the rising of prices of goods and services like in Nigeria is affecting the livelihood of the people. Many Nigerians have travel out because of high rates in prices and low financial value.

Is this a global phenomenal or is only Africans going through this economic deflection and poor government system?

Price rises are happening all around the world, there was a massive spike in inflation a couple years ago that rippled across every country however that has somewhat abated in the richest countries. I am not sure how competent the government is in Nigeria but Africa in general struggles with the idea that there is massive corruption at the top which interferes with currencies - instability is bad for a country and undermines the value of it's currency. Many big companies have also pulled out of the country lately, because the currency has devalued so much and it is very hard to get value out of the country any more. This has a domino effect making it hard for large companies to return until the country improves substantially and that seems a long time away.

[CroverNo01]

The rate at which things are becoming expressive is alarming, the rising of prices of goods and services like in Nigeria is affecting the livelihood of the people. Many Nigerians have travel out because of high rates in prices and low financial value.

Is this a global phenomenal or is only Africans going through this economic deflection and poor government system?

There's some specific facts about humans, they tend to run away from their problems because they've failed terribly to solve them, who would ever think of that? We stay on solid lane inother to remain profitable in the market. The space of bitcoin is dangerous enough and anyone that's an inche closer will actually be affected? The rapid increase of the price of goods and services is annoying because what's left for the common man? We survived with our daily interest in mind but can also become eligible for proficient means if we're capable of putting some good means infront of us.

[Marykeller]

Other countries are facing increased rates of the price of goods and services in their country. What makes Nigeria's case quite noticed by its citizens is that the unemployment rate of the country is high, and there's not much inflow of money in the country; the cost of living is expensive. How will Nigerian citizens in that kind of situation survive when there is no job, the salaries of workers are being delayed, and the country's minimum wage is poor compared with what politicians receive as monthly allowances

[WillyAp]

Something happens and the mainstream vendor raises prices.
That has happened since business was invented.

We haven't raised prices for years.

[Renampun]

The rate at which things are becoming expressive is alarming, the rising of prices of goods and services like in Nigeria is affecting the livelihood of the people. Many Nigerians have travel out because of high rates in prices and low financial value.

Is this a global phenomenal or is only Africans going through this economic deflection and poor government system?

I don't really understand Nigerian politics, but from several articles I've just read, the crisis in the country occurred because Nigeria is dependent on imported goods and also corruption in the government has not been resolved properly, resulting in the local currency weakening against the dollar.

btw, what happened in nigeria actually happened in our country too but the conditions are a little different. Inflation is really felt in the third world, my country is the same, when our political conditions are bad then people's purchasing power decreases which results in a lot of unemployment, besides that the government in our country seems to have no way out for the latest problems, they are more concerned with the positions they currently hold than listening to the complaints of the people.