This is dangerous to the economy and spells doomsday for the masses. Because when the currency value depreciates, the prices of food stuffs and every other thing in the market will increase, except SALARY (income).
#threadstorm
14/20
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It's really so sad to see that our currency keeps depreciating in value and the inflation rate is getting worse but the salaries of workers seems to be #constant.
#threadstorm
Salaries remain constant
And not only that it remains constant, the value also reduces.
Because if you were given N20,000 in January 2021, and that N20,000 can sustain you in a Month... August 2021, if you are paid N20,000 that money won't be able to sustain you in 2 weeks.
The purchasing power is really poor
Ah! You got that calculation right, God help us 🙏.
Amen oo
Amen
Amen 🙏.
At the current rate its already a suicide and difficult situation that they've put ordinary citizens instead. I wonder how and when we may recover
Seriously!
N10,000 can not sustain you well for a week. Bro! This is really bad.
Their clueless decision is affecting everything!