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humans have become very used to quantifying. I am just imagining the number of times ‘how much’ is used daily. Is it bad to be accountable? Not at ALL, nevertheless, too much of everything can become a disease. Where do you think greed crept in from; people just wanting to be numerically strict and they ended up hoarding even if they have. They find delight in just making perfect calculations even to the detriment of someone who needs an extended hand for help.
Talking of converting everything to monetary matters, nine days into the war in the Middle East and economic tensions are expanding. The prices of gases have increased and it is not surprising or well, a little surprising down the western part of an African country with excess crude.
You may be wondering why what is happening in the straits of Humorze should be affecting us. In short, the current situation shows we should stand at TOP gainers amid the chaos in the Middle East that has slowed down shipping activities. Not actually as expected the prices of fuels have increased over here. LPG (cooking gas) is still showing some stamina but diesel and PMS (Petrol motor spirit) have heightened.
Ok, this is not the time to anchor on government should do this or that, if they haven't, you have to move on. We are living in a capitalizing economy; those on top of the chain really know how the game works. The news has been economically converted and bundles back to us; ‘there is war and we are likely or more precisely going to be buying high’.
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The big question can be, how does this affect the entire nation’s economy if this should last four to five weeks as President Trump said?. Our economy is gradually bouncing back from hyperinflation that set in during President Tinibu's regime. Households have had that break breath and the most visible one has been national agricultural improvement to promote supply.
Not that the prices are that fair but what can you say when you recover from an over 400x hyped economy and you are been settled at around 250x or 300x; most observable in the consumer goods sector. I haven't checked how other countries are coping with the global oil scarcity currently.
Maybe I will have to cover another article to address its general markets. Since the beginning of this war, it was one of those top suggested areas to feel the economic impact.
To conclude, Let me add, we are NOW facing new Fuel prices in Nigeria amid the current Middle war. It hasn't really shown impacts yet on both locally consumables and transportation means. I am sure by NOW the inter-states should step up their transportation pricing. If it continues suit and every product excesses currently available is used up. Middlemen going to bring in goods from other parts of the states will step up prices and over here, when prices are added, it gets very difficult to retrace.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.
