Home | Finance | ( 5 ) | Subscribe | Post an answer

Asked by Felix on Friday September 16, 2016 at 11:3:20:

It seems like every year in Nigeria, there is always inflation and the Naira always tends to buy fewer things than it used to. Right now a bag of rice is sold for about N20,000 even though it used to sell about N9000 the previous year. What are the best ways to survive inflation in Nigeria?

Answers:
1
Re: What are the best ways to survive inflation in Nigeria Reply by Henry on Friday September 16, 2016 at 11:5:27:

Buy goods in advance and buy them in bulk so as to save money from discounts and future price increases. So, if you know your family normally eats 6 bags of rice in a year, buy 6 at once and it's best to buy it towards the end of the year such as October. Buy food items that can last for a long time without spoiling. If you are a trader, buy stocks in advance and don't wait till the price rices most especially if it's the kind od product that is always a necessity for people like car parts, provisions and so on.





Post your Answer

Required fields are Name and Answer.


Name:

Email: (Optional)

Answer:

Recent Questions:

Go shopping