Fact check ✅... Na we Nigerians be our own nemesis

I agree with you 100%

I agree with you 💯 👍

You are right,same experience in Ghana here

Let’s do the maths If your a trader and you bought a product @ 100# and wanted to sell @120# but discovered the dollar has affected the initial cost to 150#, will you sell at loss and manufacture 30# to make up for it. Then what’s the point of selling if you will be selling at loss, the problem has always been from above, leave the traders out of this. And disclaimer I’m not a trader but put yourself in their shoes. I still love you bro ❤

The government needs to implement a law will regulate the priceses in Nigeria and also penalty for traders that fails to complies,that's what big countries do like the United States

They have to Increase price despite having old stock, because even though they got old stock with old price, going back to the market to restock they will have to pay with the new price. So if they sell with the old stock price they can't go to the market and restock... But last last i understand you we are making things worse

As long as government does not regulate the informal sector in Nigeria we shouldn't be surprise if prices remain the same in spite of the Dollar losing its value .

Greed is everywhere

Hmmm. Last week as I was coming back from work I got to a traffick where there was no traffic warden available at the time. The whole place was in chaos and disarray. Every driver wants to beat the traffic at the same time. Every vehicle wan pass..of course this resulted to commotion and unnecessary hold up for hours. Why am I narrating this? You see...Nigerians are naturally obedient when law faces them that's why Nigerians abroad don't need to be reminded to obey traffic laws even when they are the only ones at the traffic. Tinubu problem be say he needs to do things differently unlike Buhari. Create and enforce laws. Create bodies/ministries to tackle irresponsible behaviours...shikena...forget we are operating a capitalistic economy. Jail Traders and market people who are misbehaving.....set examples and people go behave

Save, I dey blame government bc we have FG Agency incharge of pricing system in Nigeria. They're supposed to be enforcing the amount things are supposed to be sold in Nigeria. But where is the Agency? Look Well, She is waiting for allocation.

I think what we need in regulation. If you leave humans they'll do whatever to their gain same in developed countries. But the difference between them and us is they are agencies who regulate price. So it again boils down to regulatory agencies. what are they doing? Don't blame the selers if they are regulated they would. E.g in the western world if you buy at exurbitant rate you can report and they'll be fined and you'll be compensated. But who are you going to report to here?, that's it.

What if a trader honestly re-stocked when exchange rate was high ..... Should same reduce the price now that there's a slight reduction on the exchange rate ? That trader will certainly be running at lost ..... truth be told.

Well said that’s pure profiteering and it’s very wrong. They will equally suffer it together.

True talk but guy wey your hair

Is that last mtchew for me 😂😅

😢😢

Facts 💯

Well said

Ehen.. na people eey dey sell things dey raise prices up

Na only inflation we dey experience for naija oooo

Thank you bros....we are the actual cause of our problems...we need a body i mean an organization that should be responsible to penalise such traders.for a better Nigeria

It's not wickedness. No one trusts the current rise of the Naira. Reducing the price of your goods may lead to great losses if the Naira falls again. It's not a risk worth taking.

Brotherly I don talk am tire, I don begin support Tinubu, bcos our people wicked pass am and the politicians

It doesn't come down

Guy u nor sabi talk. Go Apapa go see how much to still clear goods. U dey talk anyhow

Sometimes it’s better not to open your mouth than open mouth and talk from Evonomic unintelligent stand point. Am not sure this guy has ever done any business in his life before. If you own a business you will understand what drives the market.

While this is informative, i no gree sey we fit worse pass Nigerian politicians, no 🧢, everything rises and falls on leadership, government makes policy, make dem use dia brain 😂

You're not making sense anymore.... it's not all about dollars falling... It's all about the fuel price. It affects business and transportation... Running the country ... Educate society what they need to know Someone have a business for samples... running production for 100k for fuel buying 190 little..now that feul is 700 to 1000 ,tell me ..what we The business owners do..it to double the the prices of there products. ... Nigeria need 24 light...or let fuel price fall to 100 per Litt...that is the solution...re- educated the peoples again

Sell cheap to u and use brooks cover up thr lost ?

Bro, you still don't get it. This issue still boils down to leadership. Who is in charge of price control? We don't even have price control anymore in Nigeria. Therefore traders fix prices themselves. What goes up in Nigeria never comes down and it has been happening, didn't start with dis apc government. Aren't the government suppose to take a drastic action about it? Than just allowing traders fix prices themselves? Think again.

Nigeria 🇳🇬 don't v price control board. FG should reduce import duties and make it fix. Make person fit survive for Nigeria 🇳🇬. 🇳🇬.

Oga, you no talk anything here. If you don't understand why not do your research and find out why it's done that way. You wey dey charge hundreds of thousands for copy and paste jokes, why you no advice yourself first? 😂😂😂😂😂

Because they need to sell the goods they bought in high price before they will start buying in the normal price

Please talk to Igbos in particular. They're the reason why we're suffering