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Crash In Food Prices Shows Economic Policies Working— Arewa Think-tank - Politics (2) - Nairaland 4od4p

Crash In Food Prices Shows Economic Policies Working— Arewa Think-tank (13706 Views)

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Elusive001: 1:47pm On Mar 01
ogolemati:
grin grin grin grin grin grin grin grin former chairman agbero union nairaland branch didn't yarimo the current chairman told you I asked of you. Hope you are in of what this agbero did here jagabandit till 4040.so fuel will get to #50

HellAnus no be any agbero chairman oooo. He was impersonating the chairman. He still dey for the level of those wey dey chase keke dey collect owomida. Even yarimo no reach at all. Yarimo na a hanger-on to the agbero chairman ooo

2 Likes

Prince111111: 1:48pm On Mar 01
mrvitalis:

Lmaooo making the value of 70k today the value of 30k in 2023 ... U know that's not hard to understand... Do you still need me to break it down to your level
you better do because it shows they know nothing than to just sit on nairaland and be trolling people around
helinues: 1:56pm On Mar 01
mrvitalis:

Is it that you don't have basic comprehension skills?

What 30k can get in 2023 70k can't get you today...

So before you can say price has dropped 70k should be able to get you what 30k used to get in in 2023

How this is difficult for you to comprehend is beyond me oga

Basic economy

What's the % of increase in minimum wage?

What's the % of increase in price of goods and services?
ogolemati: 2:02pm On Mar 01
Elusive001:


HellAnus no be any agbero chairman oooo. He was impersonating the chairman. He still dey for the level of those wey dey chase keke dey collect owomida. Even yarimo no reach at all. Yarimo na a hanger-on to the agbero chairman ooo
grin grin grin grin grin grin grin grin it's just on nairaland pages .I knew where they stay at under bridge oshodi

1 Like

Alfaab: 2:08pm On Mar 01
I love beans but I have fled from it when one derica sold for #2400.
Reading and hearing that prices have come down,I went to the market and was surprised when I got it at #1200.
Praises.

1 Like

mrvitalis(m): 2:36pm On Mar 01
helinues:


Basic economy

What's the % of increase in minimum wage?

What's the % of increase in price of goods and services?
You should be telling me oga not the other way around
helinues: 2:38pm On Mar 01
mrvitalis:

You should be telling me oga not the other way around

How this is difficult for you to comprehend is beyond me oga

I couldn't comprehend your epistle hence asking that basic question to know if you really understand what you want to argue about.

So tell us

What's the % of increase in minimum wage?

What's the % of increase in price of goods and services?
mrvitalis(m): 2:44pm On Mar 01
helinues:




I couldn't comprehend your epistle hence asking that basic question to know if you really understand what you want to argue about.

So tell us

What's the % of increase in minimum wage?

What's the % of increase in price of goods and services?
Minimum wage increased from 30k to 70k thats 233% increase

Petrol moved from 220 to 900 that's 400%
Rice foreign rice moved from 35k to over 120k now that's 350% roughly

Pick the commodity let's compare

7 Likes

seunowa(f): 3:32pm On Mar 01
mrvitalis:

What was the dollar rate in 2003

And the economy grew over 3 times between 2003 and 2011 ... So that needed to reflect on the minimum wage as improved living standard

We are not even asking for improvement now we just want same standard

What was the dollar rate in 1999 before pdp assumed government?

4 Likes 2 Shares

mrvitalis(m): 3:41pm On Mar 01
seunowa:


What was the dollar rate in 1999 before pdp assumed government?
Dollar rate was 99 naira to a dollar when PDP took over... ..

PDP left with dollars at 220...110% drop in 16 years

APC moved from 220 to 1500 ... 750% in just 12%


U want more

11 Likes 1 Share

Ushman333: 5:03pm On Mar 01
Destroy and kill all bandits and terrorists, food price will drop.
psucc(m): 5:04pm On Mar 01
The crash supposed be from Shari'a rules.
NGArmyTerrorist: 5:05pm On Mar 01
Wait after Ramadan first 😂 😂 😂 una no talk this before until Ramadan approached!

1 Like

valentineuwakwe(m): 5:05pm On Mar 01
Abeg which of the markets are all this food prices crashing down?

2 Likes

TemmyT002(m): 5:06pm On Mar 01
STUPID

2 Likes

lexy2014: 5:06pm On Mar 01
TimeManager:
They say anything that goes up in Nigeria doesn't come out but let's me remind you that Tinubu is a jinx breaker, it will even go lower in the coming weeks.


-Kiss the truth!

who is responsible for the inflation in the first place?

what jinx did tinubu break?

what and what did he do that is responsible for this "crash in food prices"?

do prices of goods not go up during festive periods and then go back after festivities?

since it has been happening in Nigeria for as long as I can , how was tinubu responsible for that?

3 Likes

okorogodwin4(m): 5:08pm On Mar 01
Arewa think tank are shameless comedians

2 Likes

Tooreda: 5:10pm On Mar 01
helinues:


Should minimum wage also return back to the previous amount?


This mumu talk again. Normally you are very useless but let me remind you that you are better off earning 30,000 at 400 naira per dollar than earning 70000 at 1600 per dollar. I know it may be difficult for you to understand but use the calculator on your phone and see how stupid you've been all along.

6 Likes

chuose2: 5:10pm On Mar 01
mrvitalis:

So the 8 billion Tinubu used to subsidize naira is what? Lmaooo
wait till the 8 billion matures,na that the mumus mind open
ChiefS(m): 5:11pm On Mar 01
TimeManager:


https://leadership.ng/crash-in-food-prices-shows-economic-policies-working/
Very false and misleading food prices are still extremely high. In fact the prices are still increasing daily.

1 Like

igatit: 5:12pm On Mar 01
Kasongo bonawowo cheesy
TimeManager:
They say anything that goes up in Nigeria doesn't come down but let's me remind you that Tinubu is a jinx breaker, it will even go lower in the coming weeks.


-Kiss the truth!
kedeojo(m): 5:12pm On Mar 01
TimeManager:

If dollar is returned back then minimum wage should be reversed?, Lol. Are you aware that the dollar was way lower in 2011, yet there was a demand for increase in minimum wage which was eventually approved. Foreign exchange does not determine the minimum wage but a change in the basket of goods and services.
Pls, try think well before opening your mouth to talk and besides, I will like you to send me a picture of your mouth, I want to see the shape.



-Kiss the truth!
That guy is a pure illiterate. He knows nothing.

3 Likes

Abokinmanoma: 5:15pm On Mar 01
It doesn't show Economic Policy is working Oo..

It shows God Blessed Us Last Year Raining Season and the Harvest was Bountiful.

This Crash is still too early to Celebrate. Let's wait till July to see if we would have surplus or reserves to last us till then and still see if prices would be low.

1 Like

Chuksmemgbe: 5:16pm On Mar 01
helinues:


Should minimum wage also return back to the previous amount?
has minimum wage increased? And to what to percentage compared to inflation

2 Likes

Okoromadunigi: 5:17pm On Mar 01
It can never come to that price again, do not forget that there’s no subsidy on pms.
mrvitalis:
Meet rice at 40k drove price to 100k then price reduce to 80k then you said price have crashed and policy is working?

Why not wait till we get back to the initial price first

Na wah ooh watch them call me hater now
Smithwilliams826: 5:19pm On Mar 01
E b like say me and u no dey d same 9ja.

I dey tell pple make Dem buy in bulk.

All Glory be to God.
jojothaiv(m): 5:20pm On Mar 01
😂😂😂😂😂
Alliswell248: 5:21pm On Mar 01
mrvitalis:

Sure if dollar is returned back to the original price... Minimum wage today is of far less value than 2023 may... If you compare it for highly stable items like usdt usd, gold, silver and the rest

How would u know when you have no basic knowledge of economics

Tinubu is not padding the dollar.
Fx reserve going up.
We are servicing our debts

1 Like

Alliswell248: 5:23pm On Mar 01
Chuksmemgbe:
has minimum wage increased? And to what to percentage compared to inflation

Fx subsidy gone
Petrol subsidy gone ..

This definitely would affect food prices, but competition would force it down.

See what dangote and nnpcl are doing. They are competing

Pms in Lagos is 865

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