Written by Emmanuel Ogbeche

ADEJOH MESHACH

 

 

Most of the commodities we use in Nigeria are either imported or have one or two imported materials used in manufacturing it.

As such, the fall of the naira means increase in the value of the currency of the country which they are imported from.

If we spend at least 5k in importing a good and sell it for 10k, but now we are buying that same good for 9k, how much do you think we can sell?

The fall of the naira has drastic effects on the masses especially those that are salary earners because their incomes remain the same and the value of naira is low. This is not the change we voted for.

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