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A Development Economist, Prof. Ken Ife, says some sectors may soon likely witness a drop in prices as the Naira appreciates against the Dollar.
Ife said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
He said the sectors likely to witness a decrease in prices included the sectors strongly dependent on transport, diesel, and imported items.
“ Imported food has to be transported across the country, so they are heavily dependent on the high cost of transportation.
“ But that will come down because diesel is what is used to run the buses and trucks that transport these foods across the country.
“So they will come down because the average price of diesel has come down to N1,000 from N1,800 and it may come down further. So that seems to be putting down prices of the dependent products.
“Then some other things like travel and transport are likely…
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