Not only inflation is our problem

[DYOR+BTC]

Talking about the problems of Nigeria,  I see inflation as the least of them all as there are other problems worst than inflation which we cannot find the solution for now. Inflation is one thing that can easy be controlled when the country has a good leadership structure but what is disturbing Nigeria now that is very difficult to control is corruption.  All sectors and individuals in Nigeria now have been corrupted  to an extent that trust and  straightforwardness no longer exist in Nigeria now which if not controlled Nigeria can never get better.  Apart from corruption, there are many more diseases that have eaten deep into the life of all and of of it is insecurity. That of insecurity deserves serious attention as we don't know who it will be next.

Definitely the inflation can easily be solved if we have good leadership, likewise corruption also, if we have good leadership things will have been a little be better, Nigeria is seriously battling a lot right now and it's very difficult to solve the problem because a lot of personal interest are involved which cannot be taken away from them. The government started all this corruption and the Citizens learn from them, so in this aspect I don't think it can go easily, but it have to be gradually with a very sincere leader who are ready to do Justice. Currently now Nigeria are not practicing democracy system of government rather they are practicing dictatorship because even the military regime will be far better than this administration.

That good leadership is what we lack now in Nigeria especially now that we have know one with good aspirations of helping the country but only interested in what will be beneficial to them all. The leadership system in Nigeria now is the kind that can never be helpful except someone like obi takes over because among all he is the only one with industrious thinking that can help take Nigeria off this poverty lane we are in now. Looking at all with aspirations of becoming president in the forth coming election, I will say it is only obi that can help because all are only coming to secure that name and steal the remaining one left.

[Biirakedee]

Even if price stabilize , people are still battling issues like insecurity, poor health care, u stable electricity and safety concerns. This are things that affects daily life just as much as rising prices, sometimes even more.
The truth is just that inflation only exposes deeper cracks in the system and fixing it alone won’t solve much if the foundation is still weak.
Until we start addressing those root issues, the pressure on everyday Nigerian will remain. It’s not a curse but that’s just the reality.

[Mr Reporter]

Agree with u Op, inflation is not only our problem I would say personally that inflation is just a symptom while lack of structure and greed is the disease.

Currently now that we have lack of price controls system. Our bad leadership started lighting up the fire, but citizens with greed are fueling it. Nothing will be more good if there be a system that holds both our government and citizens accountable if not . Nigeria has this great potentials but they have to a great change

[Debbiecrypto]

To be honest this is not just the result of one problem, but the effect of many long term accumulated problems. The accumulation of small mistakes, weak systems, and uncontrolled practices over many years has created this situation today.

Nigeria problem has started few years after independence. This keep accumulating till what we are today. This is why it has been difficult for someone to just easily rectify the country's problem within few years.

I think we can't just blame the government we need to gradually fix our entire system. If there are rules, obey them, increase accountability and be a little responsible at the local level it is difficult to bring about big changes without changing these things. Only by starting with small things in the right places, can we actually gradually improve.

As we have governmental problem, we also have individual problem. We masses also don't love ourselves. We keep complaining about poor governmental system while we ourselves are even more corrupt than the government when we aren't faithful to little things placed on us to do (either at work, home, churches, mosques and many more). For this country to be better changes will begin from us as well.

[PhilosopherKing]

‎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.

yes broda man. All this okada pipo and market women they like to take advantage of anything that happen so that they can increase the price of their service and goods. The bike pipo complain all the time of the bad government and how fuel price go up. Now fuel is cost, it is #1,200, but there was a time when the price come down and this people did not want to reduce the price, they made another reason not to bring the price down. They will tell us that bike is 2 million and it is costly and we should pity them. They will be talking as if we that use public transportation use to pluck money from the tree.

They will just anything so that they will not reduce the money that they agreed and bring up. Anytime they do that thing to me I will tell them that the Nigeria economy is affecting every person and. It only them.

[AmaGold70]

You are actually on point by saying we are also contributing to our own problem by unjustly fixing prices of goods and services. But the main point is that that leaders are very corrupt, and are not actually doing the right thing to make things look very stable. When things are going wrong in a country, it is the government in power that fix them, if for instance traders, and merchants are selling their goods in an exorbitant price, it is the duty of the federal government to regulate prices of commodities. This is the way it is in most countries, when you keep price control in the hands of the citizens, they will help more to cause economic havoc.
Presently, we can see the cost of transportation in the country, transportation is one of the factors that can determine cost of living. When cost of transportation is low, cost of living will definitely become okay.

[Sulegzy39]

The section regarding unregulated pricing is absolutely true since in many areas, rates are just depending on how the seer feels at the time, which causes confusion and makes life more difficult for the common person because nothing is predictable anymore. I also agree with your notion that we are all contributing to the difficulties by adjusting in ways that exacerbate the situation. So, for me, the major issue is simply the structure, since a country cannot thrive unless there is a solid framework regulating how things should operate economically. matters greatly, but the system as a whole must be enhanced so that things do not rely solely on individual feelings. I believe that greater laws and discipline from both leaders and citizens will result in significant improvements.

[Africolo]

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?
‎

Talking about inflation and high cost in prices of goods and services raises from the high cost in fuel price, fuel is something that affects all and sundry so once fuel price increases automatically traders and those who uses fuel to run their businesses increases their prices too, talking about regulating prices, what criteria will the government use in regulating it because you don't expect a business Man to buy goods in large quantities with a higher amount and retail lesser price that he bought it for, it's not possible as he will run into looses if he sells less of what he bought the goods for.

I don't blame the market women who uses the advantage of the economy to increase the prices of their commodity because they also buy in a higher amount and must sell by increasing the price to make profit just that Nigerians always over exaggerate by causing more harm than good whenever inflation hits the economy, the government must have a framework that will work before prices of goods will reduce drastically naturally.

[RealNoblee]

‎
‎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?
‎

In a society where there is no law and order among the leaders and the led, there's bound to be a problem.

A society that lacks value and proper management  resources, goods and services.
For as long as we have a misplaced priority of consuming rather than producing, budgeting for invisible projects, looting without accountability, will experience high level of inflation.