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Home Business & Finance

From Bad to Worse: Nigeria’s Economic Struggle

Nnaemeka OkwarabyNnaemeka Okwara
July 24, 2024
in Business & Finance
1
From Bad to Worse: Nigeria’s Economic Struggle
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Nigeria is going through its most severe economic crisis in many years, making life very difficult for millions of people. Several issues, such as government decisions, rising prices, and bad economic choices, have made the situation worse.

I keep asking myself, how did we end up like this? Nigeria has so many resources, yet its people are having a hard time just getting by. The economic problems are serious and affecting everyone.

The decision to stop helping with fuel costs, the falling value of the naira, and the increasing cost of daily needs have all made things harder. The price of a liter of petrol has gone up more than three times in the last nine months, and the cost of rice, which is what we eat a lot of, has also more than doubled.

“It feels like they don’t care about us,” says Mrs. Johnson, a mom with three kids, who is finding it hard to pay for everything. “My husband’s paycheck isn’t enough to buy even one bag of rice. What are we going to do?”

But the big question is, will the government pay attention to what people want?

“It’s as if they’re saying, ‘Let them eat cake,'” John, a young graduate, comments. “They don’t care about us. They’re only thinking about their own money.”

Back in 2012, people were encouraged to oppose the removal of fuel subsidies, to fight against the government’s lack of concern. Yet now that they’re in charge, they want people to keep quiet and just accept things as they are. It’s a typical situation of ‘do what I say, not what I do’.

Even the House of Representatives is saying “ We’re giving everyone a free pass. Let the citizens do whatever they want. We’ll return when things calm down. Can you believe it? It’s like they’re leaving the ship while Nigerians are struggling.

The planned protest is set to be like the ones in Kenya. Nigerians want change, and they won’t stay quiet. But will the government listen?

The contrast is clear. People who supported the End SARS protests, encouraging Nigerians to march and push for change against the Buhari administration, are now asking people to stay quiet.

They assured citizens of a better Nigeria, one where our opinions mattered and our rights were honored. But it looks like their main interest was gaining power, not making things better.

Tags: Economyfederal characterFinanceFrom Bad to Worse: Nigeria Economic StrugglegovernmentNigeria
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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Comments 1

  1. Lily says:
    1 year ago

    Nigeria leaders are not trying at all
    All they care about is power and money, they don’t even care about people who are suffering.
    But I believe it won’t be permanent

    Reply

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