Fuel and diesel subsidies have been phased out, customs charges have been raised, bank interest rates are rising, and energy tariffs are rising while darkness is sold at a high rate.

Fuel and diesel subsidies have been phased out, customs charges have been raised, bank interest rates are rising, and energy tariffs are rising while darkness is sold at a high rate.

These challenges will undoubtedly raise the production-associated costs for goods and services.

But you are sold the idea that you should blame traders because your brain has been “formatted” to think only an increase in FOREX rates should be the reason goods and services are expensive.

Take for instance, if as a manufacturer, I accessed a loan at a high-interest rate of between 25% to 30%, operating in Band A or B, paid high custom duty, etc, where do you expect me to take the additional costs to?

Naturally, I would transfer the costs to you while you are shouting “Cardasonomics or Cardaso is the best thing that happened to Nigeria after amalgamation in 1914”.

Before now, in my very little business, we buy petrol of 700 per day for the shop machine to dispatch recharge cards across the Kaduna metropolis, we buy close to 2500 per day now. Do you expect me to bear the 1800 difference and go out of business? Na you go bear am my dear.

Like I said in a post in February, by all means, try and study the complex nature of our supply chain not taking information from someone who is paid to defend his principal.

You and your earnings: