Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigeria’s Economic Time Bomb: Will the Youth Survive the Impending Doom?

Nnaemeka OkwarabyNnaemeka Okwara
October 21, 2024
in Business & Finance
0
Nigeria’s Economic Time Bomb: Will the Youth Survive the Impending Doom?
Share on FacebookShare on TwitterShare on Whatsapp

Imagine waking up one day to see Nigeria’s economy in a terrible state. There are no jobs, no chances to improve, and no hope for the future. Does that sound like a bad dream? Sadly, it’s the difficult truth for many young people.

The value of our money keeps dropping, which is a big problem. The Naira is losing its worth, making our hard-earned money worth less. Prices are going up, and people can’t afford as much as they used to.

It’s clear that if we don’t fix our system, young people will suffer the most. The numbers are very worrying – 33.6 million young Nigerians (ages 15-35) can’t find work, 60% of Nigerian youth live in poverty, and 1 in 5 young Nigerians have thought about moving to another country.

The World Bank has given a serious warning: Nigeria’s economic problems will affect the next generation. This warning feels like a heavy, dark cloud hanging over our future.

Our electricity systems are in bad shape, and it’s surprising we haven’t completely lost power. The idea of Nigeria being in complete darkness is terrifying.

Slowly, the harsh truth becomes clear. TPain’s lyrics come to mind: “It’s going down for real.” The value of our currency, the Naira, has dropped, making our money worth less. Prices are rising, and people can’t afford to buy as much. Hunger is a real problem. Families are struggling to find enough food.

In today’s Nigeria, people who can’t afford toothpaste use chewing sticks instead. Many Nigerians don’t have three meals a day; they barely manage with small portions. There are records of people going into the forest to hunt for food just to survive.

Our education system is old and doesn’t teach skills that are useful today. Healthcare is hard to get, making young people sick more easily. Many people don’t have access to technology and the internet. Unemployment is very high – 33.6 million young Nigerians can’t find jobs.

A friend told me about her problems: “I graduated with good grades, but I haven’t found a job in two years. My parents can’t afford to feed me anymore. I feel like I’m sinking.” Her story isn’t rare. The feeling of hopelessness is strong.

Thinking about our situation, it feels like we’re going backward, not forward. Focusing on differences and divisions has kept us from dealing with real problems. It’s time to ask for responsibility.

To prevent worse problems, we need to change things. We need big changes, not just small fixes. Young people want real change, including better education and healthcare.

Tags: Economyfederal charactergovernmentNigeriaNigeria's Economic Time Bomb: Will the Youth Survive the Impending Doom?Youth
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

Related Posts

September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness
Business & Finance

September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness

September 13, 2025
September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness
Business & Finance

September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness

September 12, 2025
Hitachi Rails Launches New Metro Rail Cars In Maryland
Business & Finance

Hitachi Rails Launches New Metro Rail Cars In Maryland

September 12, 2025
Next Post
Paul Biya Returns to Cameroon Amid Speculation on Health

Paul Biya Returns to Cameroon Amid Speculation on Health

Mozambique: Police Clash with Protesters After Disputed Election

Mozambique: Police Clash with Protesters After Disputed Election

Why Swing States Matter: The Crucial Role of the Electoral College in 2024

Why Swing States Matter: The Crucial Role of the Electoral College in 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

DIY Teeth Whitening with Baking Soda: Is it Safe and Effective?

DIY Teeth Whitening with Baking Soda: Is it Safe and Effective?

2 years ago
Israeli Attack on Gaza School Reportedly ‘Kills 30’

Israeli Attack on Gaza School Reportedly ‘Kills 30’

1 year ago
Nigerian Lawmakers Seek To Curb Central Bank’s Powers Amid Soaring Inflation

Nigerian Lawmakers Seek To Curb Central Bank’s Powers Amid Soaring Inflation

1 year ago
Somalia’s Cabinet Approves Bill for Universal Suffrage

Somalia’s Cabinet Approves Bill for Universal Suffrage

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

What Does the Kirk Shooting Mean for the Future of Free Speech on Campus?

Netanyahu Wants Hamas Chiefs Out of Qatar to End Gaza War

Is NATO Really Ready to Quit Russian Oil, or Just Talking Big?

Was the ICE Agent Shooting Justified? Officials Say Man Drove at Agents

What Happens if Nepal’s Parliament is Not Reinstated?

Barcelona Are On Edge as Lamine Yamal Ruled out For Valencia clash

Trending

Real Madrid Take Refereeing Battle to FIFA After Huijsen Red Card Controversy
Sports

Real Madrid Take Refereeing Battle to FIFA After Huijsen Red Card Controversy

byHashim Kolawole
September 13, 2025
0

Following yet another controversial decision during their 2–1 win at Real Sociedad, Real Madrid have made it...

Why is Gabriel Attal Reversing His Predecessor's Policy on French Holidays?

Why is Gabriel Attal Reversing His Predecessor’s Policy on French Holidays?

September 13, 2025
Was the Madrid Explosion an Accident or an Attack? Here’s What We Know

Was the Madrid Explosion an Accident or an Attack? Here’s What We Know

September 13, 2025
What Does the Kirk Shooting Mean for the Future of Free Speech on Campus?

What Does the Kirk Shooting Mean for the Future of Free Speech on Campus?

September 13, 2025
Netanyahu Under Pressure as Gaza Strategy Divides Cabinet

Netanyahu Wants Hamas Chiefs Out of Qatar to End Gaza War

September 13, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Real Madrid Take Refereeing Battle to FIFA After Huijsen Red Card Controversy
  • Why is Gabriel Attal Reversing His Predecessor’s Policy on French Holidays?
  • Was the Madrid Explosion an Accident or an Attack? Here’s What We Know

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com