This Post is a rant post on my experience with inflation in my country, Nigeria. You can rant with me on the comment section
I haven’t been to so many other countries before, except two countries and that was when I was extremely young, so I doubt I knew what inflation is or what the value of money was, but I wouldn’t say that inflation rate is extremely high in my country compared to other countries. I am not exaggerating but anyone that stays in Nigeria can testify to this that inflation is really high in Nigeria. I really don’t know who determines the price spike in the cost of living in Nigeria, people decide the price of products and services like they are changing NFT floor price. I don’t know what role the government is playing, the country runs like it’s on autopilot and unregulated.
Every dream of most Nigerian is to earn in dollars and not in naira just so they can survive. But with the rate at which inflation is increasing, it will be hard to survive, except you start earning more in dollars. Inflation makes it hard to stay ahead based on increase in price. This applies to all sectors of business in Nigeria, down to the least person in the survival business chain. For instance, if you take the public transport, the price of of transportation is high because the driver spent a lot of money to buy gas(fuel). So he will like to make profit off that so he can survive and eat, because he is working for his daily bread.
This driver uses the money to go to the food store to buy foodstuff to eat, he gets there and inflation has affected food stuff because the food store now pays more to get the food stuff from the farmer. The farmer decided to increase the price of foodstuff because it cost more to produce food in terms of fertilizers and all the materials needed to plant food in the farm, the farmer needs to transport the foodstuff too, don’t forget that the cost of transportation is also high. Why is the cost of transportation high? It’s high because gas(fuel) is high. why is gas(fuel) high? It’s high because the people in power are mismanaging the country’s resources. Due to bad leadership, the country can’t stabilize its economy or grow its economy which is one of the core qualities of a country. If there is economic growth in a country, the citizens will be living a good life because the cost of living is low and everything is affordable.
It doesn’t make any sense that something you bought 2 months ago at a store is worth extra 20% today because of inflation. But salaries and wages don’t increase, not a fair employment labour force world we live in.
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I think that beyond the political problem, there must also be the willingness to change not only you but your environment, and I am sure that in many parts of the world what you live in your country happens, on the other hand it is comforting to see how people with a clear vision like yours, they manage to surf the day to day. Greetings and success
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Trust me every one living in Nigeria hopes to leave someday, but leaving is not easy. Leaving the country entails a lot and that requires spending a lot of money, without guarantee.
The thing tire me. Even if you want to effect change from around you...how long will it take for everyone to catch on the constructive change fever? This is already a life style here and I know very much that habits die hard.
Solution? Japa!
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If japa was as easy as everyone saying it, trust me it’s only the president that will be inside. Trying to japa is a risk that some average Nigerians can’t afford. You have to spend a lot of money to process it, and it’s still not a guarantee that you will be given visa, and when you get rejected, the money used in processing is wasted. Now you have to try again, and the country is not even giving you opportunity to make the money to try again. So you are just stuck in the loop. But if you are lucky to get the visa on your first trial, then Grace is really on your side.
I feel you, everything is rising except salaries. The situation must be choking a lot of people seeing how the purchasing power of money seems to be going down the drain as days pass on. The rise in petrol price is causing almost everything to become a lot more expensive.
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This is extremely sad, sometimes it feels like the people in power are not humans and have no human conscience.
As I saw the topic I immediately ran to this post because we all relate!
The way prices increases everyday in Nigeria should be illegal!
How do we solve this because , it's intolerable.
Getting PVC and voting the right candidate o
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Perhaps a change in politicians might help, I know you have elections this year. The UK too is seeing this gs go up up and up this year big time.
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Yeah, election is this year, but unfortunately, Nigerian election and rigging it is inevitable. The people will try to vote but the politicians will rigged it.
Yes unfortunately it has always been the way in Nigeria:(
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I hate spending money on anything this day because of the rising in the price of products and services.
Imagine 1kg of semolina I do buy for 350 naira before lockdown, cost me 750 Naira yesterday.
I kept on asking myself, is there a relief insight? I don't know because as long as we keep on electing greedy politicians to head our affairs, I don't see things getting better.
Just take a look at just concluded party primaries and think of how much they spent bribing delegates and becoming the flag bearers of the two major political parties we have. Tell me if they are not going over there because of their pockets.
In my opinion it’s way beyond doing it for money now because these guys have a lot of money, they are just wicked people.
How I feel presently about inflation in Nigeria.