Actress Nkechi Blessing Questions High Prices Despite Naira Appreciation
Controversial Nollywood actress Nkechi Blessing has taken to her Instagram page to express her concerns about the persistent high prices of goods in Nigeria, despite the recent slight appreciation of the naira.
In a video lasting over a minute, Nkechi Blessing raised questions about the stagnant prices of commodities in the country, despite the recent marginal improvement in the value of the naira against the dollar. She highlighted the challenging economic situation faced by many Nigerians due to the prolonged devaluation of the naira, which led to soaring prices and increased hardship.
While acknowledging the recent efforts to stabilize the naira, Nkechi expressed disappointment that the prices of goods have not correspondingly decreased. She criticized bloggers for not updating the public about the positive developments regarding the naira's value.
Nkechi attributed the persistent high prices to the greed of traders who prioritize excessive profits over the welfare of consumers. She lamented how even items unaffected by fluctuations in the dollar exchange rate have experienced price hikes. In her passionate tirade, she predicted a bleak future where the dollar would soon equal 200 naira if the current trend persists.