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April 10, 2026, 07:31:08 AM |
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Sometimes I sit and can't help but ponder on how we as Nigerians have had to delve completely from being a post-scarcity, abundant, flourishing, hegemonic country to a now survivalist country. We get so affected by external shocks and news of other countries and regions, so economically fragile, have resource scarcity and have to survive on just getting by a day, yet we still claim to be the giant of Africa all due to poor leadership. Besides having inflation and volatility affecting prices of goods, services and commodities in the country, there's also the issue of unregulated prices among local merchants who fix their own prices without being regulated, thereby creating an unstable price system that is different from place to place. Na we be our own problem from a point of view and it's just mind boggling. What is our problem in this country really? How can the system of this country be improved both economically and otherwise, because I don't think that inflation alone is our problem?
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