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Reports | Nigerian Economy

Analysts Bemused Markets Confused & Speculators Amused

Jul 11, 2022   •   by   •   Source: FDC Ltd   •   eye-icon 146 views

The laws of gravity tell us that whatever goes up must come down, literally meaning that the good times do not last forever and also bad times are not in perpetuity. 

For Nigerians, who are facing a confluence of economic hard times, they are not interested in the theories of gravitational forces.  They are dealing with kitchen table realities.  The annual inflation according to the NBS reading is at 17.71% whilst the market prices are pinching households at a rate(83.50%) much higher than is reported.  The power supply situation has gone from bad to hopeless and the price of diesel is up 290% to N800 per litre, if and when you can get it. 

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