Your Thoughts on Growing Inflation Rate

Good day my lovely friends in this community how are you doing? It's my pleasure to be with you to day here and I'm glad I did.

So let me go straight to the questions of the topic.

According to you, what are the major reasons behind the growing Inflation rate, specifically in your country?

Inflation has been the major problem which I will say almost all the country is facing now and my country is not exemption infact, it has affect both the poor, the rich even the so called government too. Before I moved further let's see the reasons behind it.

the removal of fuel subsidy in my country has made everything to be three times higher than what it was before. Making the citizens to suffer especially the poor masses. Since the present government came in.

Even the agricultural sector is also affected due to high amount of transportation. Before with 1000 naira, you can buy or even prepare jollof rice of three person but now, such amount can not even buy three cups of rice. Not to talk of buying yam.

Bad politicians are plenty that when there see white they call it black they can't stand for the Truth even when the masses tell them or complain. Making the country and things to go wrong. But rather wants the masses to do the right when they are there teaching us evil.

The high rate of exchange is too much every day our currency keep devaluating because of too much importation in the country. Even our leaders too taking their families from one country to another for trips and vacations. This has made our money to be so common every where that's why the money doesn't have value to compare as before.

Do you think that the increasing Inflation rates effect all the classes and fields of the life?

Yes. Because of the increment of commodities everything is on the high side. When there is inflation it is possible that every thing will be affected. And the most people that suffer most is the poor masses, because they will find it difficult to accommodate the rate of things in the market.

As a common citizen, how can we play our part to control the Inflation?

Source

• By saving: you have to cut down your expenses so to be on the safety side. every adults that understand life that see how the situation change, should also know how to buy or spend money so you won't be affected too much.

• Staying away from a commodities that is too expensive. So that the company will reduce the prices of their goods.

• Try to have plans, list or budget about how you are going to spend your day. So you may not be disappointed or run out of cash.

• Going back to agriculture. A lot of people have abandoned farming work. Buying every thing in the market. As it is now, going back to farm will help us a lot even if not for sell but for consumption.

Thank you.

Cc.
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