Price gouging and greedflation in Nigeria: The elephant in the room

Walk into any Nigerian market today and you’ll immediately feel it. That sinking feeling when you realise the bag of rice you bought last month for N60,000 now costs N70,000. The trader shrugs and blames “economic hardship” but you know something doesn’t add up. This is greedflation at work, and it’s the elephant in the room that nobody wants to talk about seriously.

  News   Aug 17, 2025   0   2  Add to Reading List
Price gouging and greedflation in Nigeria: The elephant in the room
Walk into any Nigerian market today and you’ll immediately feel it. That sinking feeling when you realise the bag of rice you bought last month for N60,000 now costs N70,000. The trader shrugs and blames “economic hardship” but you know something doesn’t add up. This is greedflation at work, and it’s the elephant in the room that nobody wants to talk about seriously.
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