Striking A Balance In The Face Of Current Inflation…

DON EBUBEOGU

This morning, a loaf of family-sized bread cost N800.

But that’s not the main gist.

The koko is that the flour millers have been increasing wheat flour prices in the last 3 months and that bakers are no longer making a profit at N800 per loaf.

3 major companies selling sugar, an essential ingredient in bread, have been rationing allocation and selling a bag of 50kg at N51,000.00. A bag of sugar was N30,000 precisely 1 year ago.

If you are worried that things are getting expensive — save your worries and get used to living in fear. Our biggest fear should be the scarcity of essential commodities.

Have you noticed that it is becoming increasingly difficult to determine the correct value of anything (food, stocks, real estate, exchange rate, interest rate and even the value of your current relationship) as days go by?

The last decade has exhibited debt-fuelled growth. We celebrated extravagance, defaulted on loan repayments, made the cartels richer and listened to professional politicians more than their appointed economists.

You don’t need to know any economics/finance to understand that with fewer exports, Nigeria cannot finance their import of primary raw materials and maintain industrial machinery. And with a lean production baseline, we are already facing hyperinflation and acute scarcity of raw materials.

As we advance:

It would help if you find ways to beat this inflation.

Are you ready to change your lifestyle? The following may help us as we watch the unfolding national economic collapse.

🔹Buy groceries in bulk as soon as possible
🔹Reduce your social spending and show-offs
🔹Create an additional income stream
🔹Make lifestyle adjustments by avoiding waste
🔹Pay up your debts and invest in fixed assets
🔹Drink The Nines herbal liqueur instead of alcohol; your health is more important than your highness.

I’m back!

 

#donebubeogu