From observation of the inflation in the country and the devaluation of the Naira, it is evident that more Nigerians have been pushed into poverty.
All fixed income earners who still earn the same amount they earn by January 2023 are currently earning half of what they were paid last year (by value).
Few years back I went to a seminar where we were advised to focus, criticize and monitor our micro economics more than the way we do so of the macro economic activities of the nation. Some of us felt it was unnecessary as we felt by default we are good managers and there will definitely be better days ahead.
But today all self acclaimed middle class have been pushed into the poverty bracket.
$2 is now 3k, how many Nigerians are able to live on 3k per day, even those earning more than 90k/mo have many dependents on their neck.
But for today,my question really is how are those who were barely feeding last year keeping up with these challenges, those family men/women working as security or cleaners, how is that old woman by the street able to feed, that single mother hawking to tender her young managing, how is that old man with no one to care for surviving. These are the underrepresented population, those really going through hell with no one to hear or help them, no knowledge or access to social or print media.

Wetin birds dey eat these days


🙄

People are eating shiity food and denying self other basics like clothing, shelter, transport, communication, education and healthcare.

Frivolities like Entertainment still gets funded because govt has been pushing in more artificial cash into the system to keep things moving.