Daniel Regha calls out Nigerian traders for refusing to lower prices despite falling dollar

• Popular media personality Daniel Regha lashes out at Nigerian traders for not lowering prices despite the falling dollar.
• Daniel Regha accuses traders of prioritizing profit over fairness.
• Daniel Regha questions the ethics of traders using the excuse of old stock to maintain high prices despite currency depreciation.

Popular media personality Daniel Regha has called out Nigerian traders for their alleged reluctance to lower prices despite the continuous depreciation of dollar against Naira.

Daniel Regha, known for his outspoken views on social issues, expressed frustration over what he perceives as a lack of fairness and compassion among traders in the country.

The media personality criticized Nigerian traders for what he sees as a failure to align their pricing with the shifting currency exchange rates.

He accused them of prioritizing profit over fairness and exploiting consumers, particularly in the face of economic fluctuations.

In his online rant, Daniel Regha highlighted the irony of Nigeria’s religious beliefs alongside what he sees as widespread greed among traders.

He lamented the ethical contradiction, pointing out that a country that espouses religious values should exhibit more fairness and empathy in its commercial dealings.

Daniel Regha cited instances where traders justified price hikes during periods of a stronger dollar by citing the need to recover losses and restock inventory.

However, now that the dollar has weakened against the Naira, he accused them of conveniently clinging to the same excuse to maintain high prices.

In his words;

“Dollar continues to fall against naira, but Nigerians have deliberately refused to reduce the prices of goods/ services; And we are supposed to be a religious country. Greed!”

See below;

Nigerians will always find an excuse…
-When it was N1,615 per $1: "Let me increase the price of my old stocks so I can see money to restock".
-But now it's N1,070 per $1: "I can't reduce price cos I still have old stock; I need to recover my money".

Exploitati¤n.

— Daniel Regha (@DanielRegha) April 14, 2024

Dollar continues to fall against naira, but Nigerians have deliberately refused to reduce the prices of goods/services; And we are supposed to be a religious country. Greed!

— Daniel Regha (@DanielRegha) April 14, 2024

In other news, Popular media personality, Daniel Regha, has taken to social media to criticize popular Nigerian singer, Davido, over his delay in fulfilling his N300 million pledge to orphanages.

Daniel Regha, known for his outspoken commentary, unleashed his criticism of Davido on Twiiter.