NewStats: 3,262,372 , 8,176,946 topics. Date: Monday, 02 June 2025 at 03:09 AM 5s695

Too bad

This shithole is dead waiting to be buried..

Replicating Lagos economic master plan at the national level in the mud.....una mind go touch ground no worry

LOL....
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30% ? The APC was hoping for 70% but I think we'll make do with the 30% until we're strong and committed to growing our inflation figures.

Antoeni:
Golden Penny Spaghetti Is Now N730

I when Spag was N80 even 150. How can the poor eat

ogododo:


https://punchng.com/inflation-to-hit-30-by-dec-kpmg/

Sign of APC "good governance" as claimed by Gandollar.

LeeSantos:
I haven’t heard of a country that numbers are so useless like this country. Every positive stats predicted change to negative before the day or week ends.

Imagine! And Tinubu was presented to Nigerian as an accomplished ant, a economist and a technocrat, but up till now he has no economic agenda for Nigeria, not even a economic team. Nigerias economy is just floating, downstream at that.

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

You sound as if you are defeated already. Its not up to a year fa.ggot

Economics 101: Refine your crude oil and stop importation of petrol,diesel and aviation fuel/kerosene

If those in government are expecting anything apart from this to reduce inflation,then they need to go back to school and question their certificate
Force NNPCL to supply crude oil to Dangote and all other modular refineries and conserve your foreign exchange.This is the only short term measure to stop this galloping inflation
The cost of production is very high as we run a Diesel Economy, our Electricity is kaput and we rely on Diesel to power our industries

Funny but true

nedu666:



Golden penny that was 150 in 2014. Kai buhari damaged Nigeria badly. I will advise flour Mills to introduce the mini version long and mini compressed version small. If things don't improve then should produce sapa version

Still small because Renewed Hope is here until 8years to come then we should be talking about 100%

Kenochi:
Economics 101: Refine your crude oil and stop importation of petrol,diesel and aviation fuel/kerosene

If those in government are expecting anything apart from this to reduce inflation,then they need to go back to school and question their certificate
Force NNPCL to supply crude oil to Dangote and all other modular refineries and conserve your foreign exchange.This is the only short term measure to stop this galloping inflation
The cost of production is very high as we run a Diesel Economy, our Electricity is kaput and we rely on Diesel to power our industries

Here in ikorodu, which happens to have one of the best electric supply in lagos, we have not had light during the day for up to a week. And you expect businesses to be run on petrol of N600/litre.

The poverty that will hit Nigerians by January next year is still doing push ups.

ogododo:


https://punchng.com/inflation-to-hit-30-by-dec-kpmg/

30% will mean a loaf of bread going for about N2500. hey BATTTTTTT

People go die

Na the fact be that. No be curse

👀👀The shyyythole from fry pan to fire!🔥
# eBOLA on rampage 💯

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

You think it's from Peter Obi... Dey play. Your 50k per month from your drug lord and certificate forger won't be enough.

Thiefnubuuu is doing well...

#NigerianRiseUp&Protest

You people should sit in AC offices and be forecasting nonsense. There is no #100 sugar and #300 bread again, 30% my ass.

omowolewa:
Kpmg, bring solutions not problems

KPMG is simply giving projections base on current indications. It's not their job to bring solutions. The government should have brilliant minds puting in the work at the back end. But rather what we have today is the government using sensitive positions to compensate those who don't know their left from right

RepoMan007:
Lol. It is a worldwide challenge.

30 percent inflation is near dystopian.

It is even more than that already .. medicine that cost 2k before.now cost 4k . Is that not 100%

This news will keep favouring me, my helper and my loved ones.

nedu666:
Nigeria inflation is over 100%. Check the prices of goods at November 2022 and check the prices in November 2023, it's over 100%

Thanks alot abeg, I wonder what they meant by 30%.....
iF a good am buying at #350 as of NoV 2022 is now sold at #1500…..
Then we have above 100% increase in inflation....
Let's not go back to 2014 before this evil Government came to snatch power....

The guy who burned his degree certificate used to work for Asiwaju Tunubu ers group.
When they told some guys that bad government is bad, they call you Wailer.

Kpmg and their fake prediction. Inflation will be 30 percent and you still expect the economy to grow at the same time. No be juju be that.

The subsidy removal at this point is one of the worst decision of this govt so far.

omowolewa:
Kpmg, bring solutions not problems

Look at this agbado munching nitwits who voted for balablue is calling kpmg for solution!!

Hand go soon touch una

It's to be expected

Oil prices crashed in 2014, and we kept the evil day away by dipping into the reserves, then by borrowing and borrowing and borrowing....which was forced on us in a way by low oil prices.

Now we are borrowed up, the oil money is being used for debt service, and we don't have a diversifed economy.

Inflation goes up.

This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation. the boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. the depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. in some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty[/b]

SAUCE

That's from a 2005 article.

After the reggae comes the blues.

ArcSEMPECJ:


Thanks alot abeg, I wonder what they meant by 30%.....
iF a good am buying at #350 as of NoV 2022 is now sold at #1500…..
Then we have above 100% increase in inflation....
Let's not go back to 2014 before this evil Government came to snatch power....

I am sure KPMG was talking about monthly inflation and not yearly. If you are talking about inflation from this time last year before Tinubu's fuel subsidy policy came into effect, I am sure you will be talking of over 200% inflation.

Kenochi:
Economics 101: Refine your crude oil and stop importation of petrol,diesel and aviation fuel/kerosene

If those in government are expecting anything apart from this to reduce inflation,then they need to go back to school and question their certificate
Force NNPCL to supply crude oil to Dangote and all other modular refineries and conserve your foreign exchange.This is the only short term measure to stop this galloping inflation
The cost of production is very high as we run a Diesel Economy, our Electricity is kaput and we rely on Diesel to power our industries

Also, economics 101...have a diversified economy that exports.

kettykin:
I gave this projection some time around September that the inflation rate of 30% and one ignorant fellow was busy dragging me in this forum.


I hate to say this but south east states should have buffers and very scalable options because the inflation rate will get to 50% before December.

The inflation rate is being driven by ineptitude, cluelessness, ignorance, docility and gross laxity on the ruling APC . There is no Economist in the government, from the president to minister of finance to CBN governor,non is a first class world class Economist .

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Honestly any honest trader can run this economy eficiently, forget about big grammars and jargons.
It is about supply and demand. Nigerian politicians are wicked beings that don't care about their populace hence their wicked policies. They are wasting dollars buying toys for themselves while asking the populace to bear the brunt of fuel subsidy removal