Inflation in Nigeria and Ban of crypto

I wonder when the inflation price in my country "Nigeria" would end, cause the more I wonder, the more there is an increase in the price of commodities, at first the blame or reason for inflation was said to be the high cost of petroleum and also the war between Russian and Ukraine, but thank God, the war is over, the petrol price is back to normal, everything looks ok but the price of commodity, goods, and service is still in the rise.

Just the day before yesterday, there is this particular bread I love to buy, the name of the bread is softy, I bought this bread at 400 hundred nairas in my country's currency, in the dollar, it should be $0.80, today I decided to get the bread so as when I'm back from class, I would have something to eat, to my surprise, same place, same location, the price of the bread is 500 hundred naira, in dollar, it would be up to a dollar ($1). I was shocked, how come, the seller was so adamant about the price and refuse to reduce it, I bought and asked in another store but it was the same inflated price.

I complained to a friend and she said, as long as you can afford it, then there is no problem, I was offended by this statement, not because she's wrong but it feels self-centered, what about those that can't avoid it, people who work odd job daily just to avoid the food they would eat for that day, with the current inflation, it is sad to know that salary are not increased either hourly paid job, it remains the same.

The current government has failed my country, why do I say so. 2020 was a year that cryptocurrency was a tool that brought a lot of people out of poverty, many people could Carter for their needs through the profit they got from trading different crypto it helped the move of Bitcoincash in my country, many begin to get more knowledge on how crypto works, the whole world became a world where people send money digitally.

Ban on crypto in Nigeria

Since people are making a profit through crypto trading, the government began to make their investigation on the kind of profit they make, to their surprise, many people have come out with the testimony of buying cars, building housing, paying their house rent and many more like that, the government tried to impose tax on crypto trader but it was not possible because cryptocurrency is a decentralized currency that no tax can be imposed on.

You mean people are trading and there is no way for the government to make a profit from them, then there is no other choice they have than to Ban cryptocurrency in the country, you can't be making a profit and not pay tax, people were forced back to fiat currency, many accounts that were found relating to crypto was shut down, a lot of funds were freezes. But that's not the end of crypto, instead, it gave people more zeal to invest more in crypto.

A currency that can save

Bitcoincash is a decentralized currency that can save people, it has a lot of potentials, just yesterday @Big-E wrote an amazing article about Bitcoincash which is very easy to understand, he is a good writer and I would advise you to follow him up too on news on Bitcoincash.

Funny conclusion

Just yesterday, I decided to buy more BCH to fulfill my aim of owning 1BCH before month-end, I bought into the dip and the dip became Dipper, but as I write this, there is a rise in the market price.

Thanks for reading, thanks for always visiting me, appreciation to my sponsors, to my readers, to my commenter, to the people who tip me always, and also to the @TheRandomRewarder

Article title: Inflation in my country and crypto ban
Date: 4:05:2022
author: FashTioluwa.