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.