One thing that is very common in Nigeria is that when the price of things go up it is very difficult to come down.
When the exchange rate started increasing, the price of commodities increased. But now that the exchange rate has started going down yet the prices of commodi [...]
What I see in the fall of the naira is that the prices of things have increased in the sense that what was being sold for N100 is now sold for N150. As a result it has affected every business outfit.
Even the people importing are crying because of the inflation. So the buyers are crying; the se [...]
The fall of the naira has greatly affected prices of commodities. From the manufacturers to the retailers, prices of goods have increased tremendously.
So when we buy goods expensively at wholesale price, to stay in business we tend to sell expensively at retail price.
Nigeria is a depen [...]
Most of the commodities we use in Nigeria are either imported or have one or two imported materials used in manufacturing it.
As such, the fall of the naira means increase in the value of the currency of the country which they are imported from.
If we [...]
No matter the economy of a jungle, a lion will never feed on grass. The fall of naira is really disturbing as it is not beneficial to the economy.
But devaluation of the naira will change the mentality of Nigerians to strictly value what they have. It would however not be as easy as wha [...]
The fall of the naira has tremendously affected the price of goods and services lately. It has caused inflation beyond measure and greatly inconvenienced the masses, especially the common man.
Several persons have tried to either justify or criticize the so-called change that everyone once clam [...]
As the call on the Federal Government to re-invent its fiscal policies continue, and Nigerians await quick solutions to rescue the Naira from plunging further, local businesses and individuals are already bearing the brunt of the exchange crisis. As a predominantly importing country, Nigeria is suscep [...]
Senator Solomon Ewuga was in the 7th Senate and a one-time Minister of State FCT. In this interview with Chuks NZEH, the Nassarawa-born politician speaks on issues of national importance. Excerpts:
The recent Supreme Court verdicts on some governorship elections are being criticis [...]
© 2015 The Abuja Inquirer | Newspaper. Designed by G E Springfield