Supply and demand

The price of machetes has halved in parts of Nigeria since the end of
general elections in April because demand from thugs sponsored by
politicians has subsided, the state-owned News Agency of Nigeria
reported.

Here is the link.  Thanks to Bulent Murtezaoglu for the pointer.

Comments

That reads like nonsense to me. Do we really think the number of political thugs is so high (and that much higher than demand from farmers) that their demand (or lack of) for machetes affects the price?

Sorry, I've lived in Africa and machetes are two a penny. Most families have 2 or 3 just for everyday use. Firstly, why would thugs have to go out specifically to buy machetes for election rabble rousing? Secondly, how many thugs are we talking about? I think it's retro-fitting the data to some pre-conceived idea that makes a nice headline.

Anyone else think the key words are "state-owned"?

Tom ... thanks the for perspective, its spot on. Information like this just rile me up. If you spent time reading Nigerian newspapers you realise that news is really fiction. Reporters seat at their desk and concort stories and statistics. What is the source of the referenced data. Surely, all the kidnappings in the Niger Delta are not executed using machetes, when the country is awash with guns from Eastern Europe.

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