HOW INFLATION IS BITING SO HARD ON THE NIGERIAN ECONOMY
I don't know if Nigeria has the worst inflation around the world but I can categorically say that the economy is not looking favourable at all. I so much understand that world as a whole is having a lot of trouble with inflation ,not even the heavily developed countries like the united States are safe from the jeopardy of inflation but I think some countries feels the impact that the other.
[source](https://www.premiumtimesng.com/business/business-news/528163-naira-gains-at-official-market-36.html
But unfortunately it's telling more in Nigeria than any other country if I may say.the cos if things are on the rise every single day that is passing by and this is having serious negative effect on alot of average Nigerians.virtually the cost everything you see is on the rise and to me I will say that despite the cost of things rising at an alarming rate,there is no enough money in circulation to purchase most those things need.
Few days ago precisely on friday I stock my kitchen with some food stuffs ,but it happened that I couldn't purchase all that I needed sue to fact that I wasn't having enough cash,so I decided to get them some other days.on getting to the market today I found out that the prices of those things is twice of what it was few days ago which was argueably three days ago,I was so surprised with the prices I was given,then I begin to wonder if things will ever be normal again.
Now the cost of living is high that an average Nigeria could feed three square meal a day,the cost of transportation is on the rise every day,same is applicable to house rents and every other basic needs,I think with the way things are going,time will come an average Nigeria will not even be able to feed one square meal a day.i wish something urgent could be done to cumb the cost of things In the country.
Inflation is really making nigeria a hell of a country right now and I believe if urgent measures are not taken the impact of inflation on the economy will be far worst than what we are experiencing now.the problem is that the rich are not really feeling the hit because they had enough,I just feel for the poor because it's the poor people that are feeling the negative side of inflation. So many small businesses have weeded out due to the fact that they could not stand the pressure of the impact it has created in the economy.
Well I hope the government looks into this so that urgent measures could be taken.
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These days I barely step out of my room because the cost of transportation is on the rise.
To make matters worst, we don't have good roads, the little downpours has disrupted the roads so the charges has increased because transportation vehicles have to take longer routes
I don't even want to talk about food stuffs. 🥺😔😩
Honestly thats even the funny part of the whole thing,buying of food stuff now is another thing entirely it's just like one is buying Gold
Omo, it's not easy ooo... But it is well 😔
It is well exactly my sister
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