Controversial Twitter personality Daniel Regha has taken to the X-Platform to criticize Nigerian traders who have yet to reduce their prices despite the continued fall of the dollar against the Naira.
Known for his outspoken views on societal issues, Regha expressed his frustration at what he perceives as greed among traders in the country.
In his post, Regha lamented the contradiction between Nigeria’s religious identity and the prevalence of greed in economic practices. He highlighted the reluctance of many traders to adjust their prices in line with the changing exchange rates, even as the value of the dollar decreases relative to the Naira.
Regha pointed out the inconsistency in traders’ behaviour, recalling how they previously justified price increases when the dollar was stronger. Now that the dollar is weakening, they cite old stock as a reason for maintaining high prices, seeking to recover their investments.
