PRICE ACTION IN A TYPICAL NIGERIAN(LOCAL) MARKET

Please watch the video with your earpiece or airpods for better hearing.

So, I went to a local market not too far away from where I live, and I was compelled to make a video after pricing a few things. Have you noticed that everything is expensive?(from a Nigerian POV) . At this point, it doesn't seem to matter what you buy, no single item is exempted, not even the razor blades we used to buy for just N5. It’s alarming.

You see, In the past, consumer prices have always risen with inflation. Prices for many goods have gone up in recent times, and many people have adopted a new way of thinking about their spending habits.

While there is no way to keep up with inflation, a few of the tips I recommended because they’ve helped make my market experience even better..

• Take double the money you kept for each item
• Slash your market list by a half
• Only buy what’s necessary
• Buy according according to order of importance

Now, notice how I spend time haggling prices and asking questions, yeah? It’s a Nigerian thing. One trader attributes the price increase to the insecurity issues plaguing northern Nigeria, another blames it on the gap between the US dollar and naira.

When Our very own Nigerian artiste ‘Tems’ sang that ‘crazy things are happening’ song , she must have had this issue in mind as well. Half the time I had to ask the sellers to repeat the prices they already mentioned just so i could be certain i heard correctly.

Meanwhile, the pepper seller actually sold me the N600 pepper I asked for off record.
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I’d also like to point out that the Vol. 2 of the ‘Yesterday’s price is not today’s price’ series will be so much more enlightening.

Here’s why; the amazing @josediccus will be joining me on the show. So, guys, I implore you to stay tuned, and watch this space.

Meanwhile, do you think the notable increase in price of food items is a global issue or just a Nigerian thing?

How expensive are food items in a local market around you?

Do you believe that the Naira will gain on the dollar someday?

What do you think is the reason for the incessant increase in the price of food items today?

Peace✌✌.

PS: All the sellers in the video gave me permission to use their videos.

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Video edited by yours truly @omosefe