A Nigerian businessman has taken to social media to express his frustration over the skyrocketing cost of doing business in the country. In a video he shared, the businessman revealed the shocking rise in prices, comparing his experience purchasing groundnuts in 2018 to the present day.
According to him, in 2018, he bought 800 bags of groundnuts for N2.4 million, but today, the same amount of money can only buy 40 bags. “If this does not shock you, nothing will shock you again,” he stated, highlighting the severe impact of inflation and currency devaluation on businesses in Nigeria.
His video has since gone viral, sparking discussions about the country's economic challenges and the strain they are placing on business owners.
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