On February 24, 2022 Russia invaded Ukraine in a major escalation of the Russo-Ukrainian war, which began since 2014.

The war between the two neighbors (Russia & Ukraine) is causing an unpleasant effect on global economy. As a result of this, Nigeria's economy as a nation is affected drastically.

This has been a hit on the head for Nigeria because Russia is Nigeria's 6th largest trade partner.

Apart from Oil & Gas and agricultural products, Nigeria also import potash which is a key ingredient in the production of fertilizer.

This has lead to shortage in the availability of fertilizer for farmers in Nigeria. Thereby, leading to poor food production in the nation.

Also, both Russia and Ukraine are Nigeria's top durum wheat exporters. As you know, durum wheat is used for the production of flour which is used for making bread and noodles.

Now, the insufficient supply of durum wheat has lead to the drastic increase in price of these food products (bread & noodles). The price of bread that used to be around ₦400 before the conflict between Russia and Ukraine started is now selling at ₦800, and the the price of noodles that used to be ₦70 is now ₦170.

In addition, the disruption of global shipment as a result of imposed sanctions on Russia & Ukraine has lead to a growing increase in price of gas and petroleum. This has lead to a high transportation rate, which people and their businesses are suffering.

The war indeed has revealed Nigeria's dependence on the outside world for survival.

And Nigeria will suffer a serious socioeconomic hardship because economy analysts have predicted that the price of staple foods will continue to increase should the war last longer.

Nigerians are indeed struggling to earn a living and survive.

There's drastic increase in the prices of everything one needs to survive; such as food, transportation, healthcare etc. And there has been no increment whatsoever on minimum wages.

These indeed are very difficult situation and conditions for someone to survive in.

There has been high rate increase in kidnapping and cyber fraud in Nigeria as claims result from the unfavorable standard of living in the nation. Indeed the economic hardship has lead so many Nigerians to go into various criminal acts such as rubbery, kidnapping, internet fraud, drug dealing etc. just to earn a living.

Nigerians should view this war as an opportunity to learn the lessons of global power play.

As war-beaten Ukrainians and Russians face existential challenges, it has become clear that states are more concerned about interests rather than about persons, even as the more powerful nations are apprehensive about their power.

See here for more ...
https://www.maffystechy.com.ng/

it a warning to neighborings to Nigeria not to try anything anyhow or else Nigeria will do times two of what Russian are doing to Ukraine

They should burn to ashes



During Biafra war they didn't show us any sympathy