₦airaland Forum

One of the most devastating and frustrating things that happen to people is to realize that despite working so hard to make ends meet, they still can not foot their bills as supposed, hence all the efforts seem not to yield tangible results. This is the sad reality of most Nigerians.

Certain factors in Nigeria have necessitated expenses to always sail above income, making it difficult for most individuals and families to live above the poverty level. The ugly situation is compounded by the perpetual fluctuating exchange rates and rising fuel costs in the country.

The above-mentioned factors, among others, are the primary cause of the prevailing hardship in the country as the exchange rate and price of fuel affect the cost of almost every other commodity and service in the country, resulting in an overall high cost of living.

Essential goods and services, ranging from food and transportation to housing and healthcare, have become exorbitantly expensive due to the current price of petrol and the value of the US dollar against the naira.

For instance, US Dollar to Nigerian Naira exchange rate was ₦448 on December 19, 2022, fast forward to January 28, 2025, and the rate has climbed to ₦1,554. This unimaginable increase has made imported goods, including essential items and raw materials for local production overly expensive, making the cost of basic necessities rise above the purchasing power of the average Nigerians.

For example, the higher fuel prices result in increased fares for public transportation, which makes it more expensive for commuters who go to work or conduct business. Businesses also face higher operating costs, which they often pass on to consumers in the form of higher prices.
Another contributing factor that is making this ugly situation becoming worse, is the stagnant wage system in the country. While the price of items and cost of living entirely keeps skyrocketing, the wages keep retarding or even remains stagnant. This disparity has made it very difficult for most Nigerians with less disposable income, to ably cover their expenses.

Additionally, Nigeria is faced with a high level of unemployment, combined with the apparent underdevelopment of the country which also plays a crucial role in the economy. With the scarce job opportunities prevalent in the country, many Nigerians find it difficult to secure a good-paying job that can sustain them in this present economy. Consequently, this makes them more vulnerable to coping with rising expenses.

The consequences of this unpalatable economic situation are devastating and even disastrous as it often coerces people to sacrifice basic necessities such as healthcare services, good education and many others which may have a long-term effect on them.
To ameliorate the situation, the government needs to make people-centric policies, such that will promote economic growth, create jobs, and ensure that wages keep pace with the cost of living. Also, stabilizing the value of the dollar to the naira as well as reducing the price of petrol which essentially affects everything in the country.

Written By Vincent Ndu

Hmmm naija is getting expensive. Bowl of rice and beans and 2 meat 🥩 and orange juice at mega chicken na 5000 naira

Squeeze indeed!

Ok

Is there still light at the end of this tunnel?

djjazzysmart:
One of the most devastating and frustrating things that happen to people is to realize that despite working so hard to make ends meet, they still can not foot their bills as supposed, hence all the efforts seem not to yield tangible results. This is the sad reality of most Nigerians.

Certain factors in Nigeria have necessitated expenses to always sail above income, making it difficult for most individuals and families to live above the poverty level. The ugly situation is compounded by the perpetual fluctuating exchange rates and rising fuel costs in the country.

The above-mentioned factors, among others, are the primary cause of the prevailing hardship in the country as the exchange rate and price of fuel affect the cost of almost every other commodity and service in the country, resulting in an overall high cost of living.

Essential goods and services, ranging from food and transportation to housing and healthcare, have become exorbitantly expensive due to the current price of petrol and the value of the US dollar against the naira.

For instance, US Dollar to Nigerian Naira exchange rate was ₦448 on December 19, 2022, fast forward to January 28, 2025, and the rate has climbed to ₦1,554. This unimaginable increase has made imported goods, including essential items and raw materials for local production overly expensive, making the cost of basic necessities rise above the purchasing power of the average Nigerians.

For example, the higher fuel prices result in increased fares for public transportation, which makes it more expensive for commuters who go to work or conduct business. Businesses also face higher operating costs, which they often pass on to consumers in the form of higher prices.
Another contributing factor that is making this ugly situation becoming worse, is the stagnant wage system in the country. While the price of items and cost of living entirely keeps skyrocketing, the wages keep retarding or even remains stagnant. This disparity has made it very difficult for most Nigerians with less disposable income, to ably cover their expenses.

Additionally, Nigeria is faced with a high level of unemployment, combined with the apparent underdevelopment of the country which also plays a crucial role in the economy. With the scarce job opportunities prevalent in the country, many Nigerians find it difficult to secure a good-paying job that can sustain them in this present economy. Consequently, this makes them more vulnerable to coping with rising expenses.

The consequences of this unpalatable economic situation are devastating and even disastrous as it often coerces people to sacrifice basic necessities such as healthcare services, good education and many others which may have a long-term effect on them.
To ameliorate the situation, the government needs to make people-centric policies, such that will promote economic growth, create jobs, and ensure that wages keep pace with the cost of living. Also, stabilizing the value of the dollar to the naira as well as reducing the price of petrol which essentially affects everything in the country.

Written By Vincent Ndu

It’s surprising how Nigerians endure such harsh economic conditions without widespread riots. With skyrocketing prices, stagnant wages, and high unemployment, life is incredibly tough. Yet, people adjust, sacrificing basics like healthcare and education. While their resilience is admirable, it’s also concerning. Many nations would erupt in crisis under similar pressure. Nigerians keep pushing, but the government must act—stabilize the economy, create jobs, and ease the burden. Suffering shouldn’t be normalized.

We will surely survive anything in Nigeria.

Ok

Yet people will keep praising the prez. Suffering and smiling


Tinubu has failed as president. Shun tribal sentiments, say the truth

why won't Nigerians suffer under Tpain

COMRADES, I think all I can say is that, Nigeria and Nigerians are experiencing unimaginable hardship and are also regretting now!

Let's ask Helinues Biodun556 Yarimo FreeStuffsNG and co if they have light to charge their torchlights

iLoveYouToo:
Yet people will keep praising the prez. Suffering and smiling
Tinubu has failed as president. Shun tribal sentiments, say the truth

Those are zombies

they supported Buhari for eight years

they are brainless things

Bring fuel Down and see how everything will follow

Nigeria's problem, outside its raging corruption, primarily arises from the fact that over 70% of its earnings go into recurrent expenditure. Little is left for development spending. It makes no sense to borrow to pay salaries. Any country doing that digs a hole for itself.
The civil service at State and federal levels are unproductive yet they consume a larger share of the country's income.

A society where government is the largest employer is a society that will hardly develop.

ClearFlair:
Let's ask Helinues Biodun556 Yarimo FreeStuffsNG and co if they have light to charge their torchlights

They'll come back to tell you that Obi can never be president..
and you ask yourself where's the correlation to what's on ground

bedbugs everywhere
soaking garri to feed

agbero union nairaland branch said Tinubu was the best thing after buhari.

djjazzysmart:
One of the most devastating and frustrating things that happen to people is to realize that despite working so hard to make ends meet, they still can not foot their bills as supposed, hence all the efforts seem not to yield tangible results. This is the sad reality of most Nigerians.

Certain factors in Nigeria have necessitated expenses to always sail above income, making it difficult for most individuals and families to live above the poverty level. The ugly situation is compounded by the perpetual fluctuating exchange rates and rising fuel costs in the country.

The above-mentioned factors, among others, are the primary cause of the prevailing hardship in the country as the exchange rate and price of fuel affect the cost of almost every other commodity and service in the country, resulting in an overall high cost of living.

Essential goods and services, ranging from food and transportation to housing and healthcare, have become exorbitantly expensive due to the current price of petrol and the value of the US dollar against the naira.

For instance, US Dollar to Nigerian Naira exchange rate was ₦448 on December 19, 2022, fast forward to January 28, 2025, and the rate has climbed to ₦1,554. This unimaginable increase has made imported goods, including essential items and raw materials for local production overly expensive, making the cost of basic necessities rise above the purchasing power of the average Nigerians.

For example, the higher fuel prices result in increased fares for public transportation, which makes it more expensive for commuters who go to work or conduct business. Businesses also face higher operating costs, which they often pass on to consumers in the form of higher prices.
Another contributing factor that is making this ugly situation becoming worse, is the stagnant wage system in the country. While the price of items and cost of living entirely keeps skyrocketing, the wages keep retarding or even remains stagnant. This disparity has made it very difficult for most Nigerians with less disposable income, to ably cover their expenses.

Additionally, Nigeria is faced with a high level of unemployment, combined with the apparent underdevelopment of the country which also plays a crucial role in the economy. With the scarce job opportunities prevalent in the country, many Nigerians find it difficult to secure a good-paying job that can sustain them in this present economy. Consequently, this makes them more vulnerable to coping with rising expenses.

The consequences of this unpalatable economic situation are devastating and even disastrous as it often coerces people to sacrifice basic necessities such as healthcare services, good education and many others which may have a long-term effect on them.
To ameliorate the situation, the government needs to make people-centric policies, such that will promote economic growth, create jobs, and ensure that wages keep pace with the cost of living. Also, stabilizing the value of the dollar to the naira as well as reducing the price of petrol which essentially affects everything in the country.

Written By Vincent Ndu

It often seems like Nigerians have no choice but to endure suffering with a smile, as if it’s a curse they’ve learned to live with

Epistles...

Jagaban effect

Life now just dey tiring .. nothing seems to interest me anymore in Nigeria .. stress in all ramifications

Another story again

Deported Nigeria’s citizens are soon to be on their way to come continue with the hardships from where they had left it.

Upon those multitudes that have japa in the past few years it is suppose to give a soothing relief by creating more opportunities for more Nigerians here. Still no sign

Buhari said only God can fixe Nigeria, imagine!
As if Nija votted for God to rule dem, God used men across the globe to rule nations successfully but here we are waiting for God to become our president! Confused and self centred leaders!

free2ryhme:
It’s surprising how Nigerians endure such harsh economic conditions without widespread riots. With skyrocketing prices, stagnant wages, and high unemployment, life is incredibly tough. Yet, people adjust, sacrificing basics like healthcare and education. While their resilience is admirable, it’s also concerning. Many nations would erupt in crisis under similar pressure. Nigerians keep pushing, but the government must act—stabilize the economy, create jobs, and ease the burden. Suffering shouldn’t be normalized.

The trick to why the people don't do riots is that Nigerians have been made weak by their leaders. Imagine you've not eaten a proper meal u no go get energy to protest. Another thing is tribalism. politicians have found another mumu button of Nigerians - tribalism & religion. Consequently, na why when any sensible Nigerian comot E no dey look back

The thing come make girls to dey very ship for boys. With indomie and egg or just a plate of food one can easily have sex with an average Nigerian girls. Dem full nairaland.

Buhari said only God can fix
Nigeria, imagine!
As if Nija votted for God to rule dem, God used men across the globe to rule nations successfully but here we are waiting for God to become our president! Confused and self centred leaders!

Nigeria is a cursed country. The solution to Nigeria's problems is not likely to happen even in the next 100 years.

Know this and know Peace.

The worst and most annoying is d propaganda of this govt

Lamentation as usual.
Yet the people do nothing.
Since they are not ready, they should enjoy the ride.

Fallacy....a lot of you are misguided. The devaluation of the currency was the more potent damage to the economy rather than the subsidy removal


It shouldn't shock you if you see that subsidy is returned and inflation rates refuses to go down

oluseyiforjesus:
Bring fuel Down and see how everything will follow

I agree. Let the suffering continue.
They are even planning to return the same people come 2027

Desanta:
Lamentation as usual.
Yet the people do nothing.
Since they are not ready, they should enjoy the ride.