Greedy Nigerians Cashing in on The Rising Dollar Exchange Rate (Photos)


I was in Enugu and went to Ogbete market to buy red oil and discovered the price skyrocketed. Usually, I buy 10 liters of red oil #2,800 but it went up to #3,500.

When I asked the elderly woman why the price went up, she said, “nwa m, okwa asi na dollar tinyere ego” (My son, they said that dollar has appreciated).

And I was like, “mama kedu nke gbasara dollar na mmanu igbo, (But Mama, What has dollar got to do with igbo palm oil) that u get from ur village” and she replied, “ihe nine tinyere ego na Enugu, asi na dollar adiro” (Every thing is now expensive because of dollar)
Thats the ugly situation of our economy today. Our economy is regulated largely by external and foreign forces.

We always blame the leadership but it is us (Me and You) who actually messes this nation up. How does dollar affect palm oil which this woman harvested at home and processed and then brought to the market.

I also visited a friend’s fish farm and he was telling his workers that he will increase the price of fish per kilo, I asked why and he complained of dollar increase. This is a man who gets fish feed from a nearby brewery.


Even my landlord has informed us that our house rent has increased because of the dollar. Yet we all blame Buhari when its is us who is messing up the economy.

The greatest saying of all times for me is from Nelson Mandela who stated that Poverty is Man Made. Why are we always opportunistic and willing to prey on each other. we capitalize on the disadvantages of another to enrich ourselves. this horrible.

The climax came when my wife came home from church last Sunday and informed me that Ukochukwu (Pastor) said that people should now be sowing seed in foreign currency so that God will reward them in foreign currency. that those who give God Naira will be blessed in Naira but if you give God Dollars, Then you must reap in Dollars.

Brethren, Where do we go from here?


  1. Wilheminna Moses23 February 2016 at 08:28

    De there naa! When 1,500 mtn card is now 2000.. U go fear fear



  2. Anonymous23 February 2016 at 08:48

    Willy we no dey fear money. Na money dey ‘fear we’. If MTN want make them increase am to 20k agam Na kpo gi. Nne biakene kanyi bikor. Ezi nwanyi

  3. Wilheminna Moses23 February 2016 at 12:18

    Igana akpom na ebe? Na aru aja? OK naa

  4. Anonymous23 February 2016 at 13:02

    Lol this my cute woman. Ngwa nyenum ekwe nti-gi kanyi kwue. Ihe m ga eme gi ma aru aja bu ‘ntisa’ ka ara gbakene gi obere (with ume-oku).

  5. Wilheminna Moses23 February 2016 at 17:16

    Ibu ezi…

  6. Anonymous23 February 2016 at 20:12


  7. Reply
  8. Adaora..23 February 2016 at 08:33

    A bag of pure water that was #80 is now #150…wetin concern dollar concern water…


  9. Adaora..23 February 2016 at 08:33

    A bag of pure water that was #80 is now #150…wetin concern dollar concern water…


  10. Stephen23 February 2016 at 08:51

    Yes, the dollar rate can indirectly affect the price of local goods. Whenever the dollar rate is high, the cost of living generally increases and people will have to factor the increase in their cost of living into the price of whatever they sell. As for a bag of water going up, the petrochemical raw material used in producing the nylon is imported and due to the scarcity and consequent high price of the dollar, the manufacturer increase the price to meet up and pure water companies in turn increase their prices.



  11. ayo abayomi23 February 2016 at 09:05

    What about the market women selling red oil or vegetable oil? Are they also using petrochemical raw materials. This is just greed (E.O.D) we tend to take advantage on any misfortune.

  12. Anonymous23 February 2016 at 11:42

    Stephen thank you for taking the time to explain to them.
    @Ayo you have Internet, find out how much she will make if she sells her oil to those exporting. When people refuse to read, this is what you get. An ignorant society.

  13. Reply
  14. ayo abayomi23 February 2016 at 08:59

    A frnd of mine, serving in the east (Imo to be specific) called me over the weekend. due respect to the Igbos but I think most of them are egocentric. she was complaining about the high prize of food stuffs that are made locally n hardly will the dollars have little or no effect on the commodity but yet bcoz of their love for money, they increased the price. even okpa is sold 70 naira instead of 50. We need serious prayer in this country.Well over here in the west things ain’t that bad



  15. Anonymous23 February 2016 at 10:13

    I totally agree with You bro.
    There is no increase in cost of doing their business, This Guys use local materials so why the Fucking increase?
    It’s just the Greedy nature of Nigerians that is responsible.

    Later they will be advocating for Buy made in Nigeria goods.

  16. Silent Observer (Original)23 February 2016 at 15:57

    How da Fuck do You Expect Me to Buy made in Nigeria Product @ a Price almost the same with imported goods?
    The fact that there is dollar rise doesn’t mean there should be a preposterous rise in Naira price of locally made commodities.

    So because there’s dollar rise means there Should equally be Price rise in Aba Made Timberland (@ equal Naira proportion)?
    Why won’t I just stick with the Imported Original Timberland.
    I think is just crazy how inflation plays out in this country.

    at the end of the Day The Whole Patronize Made in Nigeria Crusade is one BIG SCAM…

  17. Reply
  18. kclub23 February 2016 at 09:04

    Nice @stephen.


  19. Zombie huntress23 February 2016 at 09:43

    It’s just crazy how dollars can so affect us. Here


  20. Zombie huntress23 February 2016 at 09:44

    It’s just crazy how dollars can so affect us. Here


  21. Chukwuebuka jay23 February 2016 at 11:17

    @ayo abayomi I disagree with u. The increase in prizes of food stuffs doesn’t affect the east only. My mum is staying in nasarawa nd she called me over the weekend to complain of the same thing. The yoruba woman selling akara(bean cake) in my area now sells at #20 per 1 so stop making it look as if the igbos are solely responsible for the increase in prizes of locally made foodstuffs. #Successful


  22. bright chidi23 February 2016 at 11:27

    No thanks to buhari’s buharinomics


  23. anuoluwapo23 February 2016 at 12:47

    I don’t in any see how dollar shud affect locally made stuff!


  24. Anonymous23 February 2016 at 15:26

    It’s not greed my dear,These market women have to increase their price to meet up with other needs, that’s what I think.


  25. Anonymous23 February 2016 at 15:30

    These market women need to increase their price in order to meet up with other needs.


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