CLEAN : Nigeria faces currency woes in wake of oil price plunge

The transcript discusses the challenges of high prices and economic conditions in Nigeria. It highlights the differences in affordability between regions and the impact of inflation on individuals. The speaker expresses concern over the rising costs and the resulting personal and societal challenges.

What comparison does the speaker make regarding the price of bananas?

• Bananas are cheaper in the city than in the village.

• Bananas are more expensive in the village than in the city.

• Bananas are equally priced in the village and the city.

• Bananas are more expensive in the city than in the village.

What is a significant factor contributing to the high prices of materials according to the speaker?

• Increased local production costs

• Rising dollar exchange rates

• Decreased demand for materials

• Government subsidies

How does the speaker describe the economic situation in Nigeria?

• Challenging and lamentable

• Improving steadily

• Stable and predictable

• Unchanged over the years

What is one reason employees are complaining, according to the speaker?

• Lack of job opportunities

• Insufficient salary

• Excessive work hours

• Poor working conditions

How does the economic situation affect market prices, as mentioned by the speaker?

• Prices are unaffected by the economic situation.

• Prices are increasing due to higher costs.

• Prices remain stable despite economic challenges.

• Prices are decreasing due to competition.