Post
Topic
Board Economics
Re: Hard times in the average Nigerian society
by
GiftedMAN
on 06/03/2024, 14:39:50 UTC
My question now is what exactly sponsors the untold hardship in the life of an average Nigerian


The question is very simple as it is something that we cannot continue to keep calm while it keeps getting out of hands, the rate of inflation is too much in the country while the minimum wage is as low as 38k for a civil servant within the of 6,7 and 8. There is a high rate of unemployment in the country the youths has been subjected to poverty as most of them can't even boast of feeding up to three times daily as a result of lack of finances. The government keeps saying there is no money but they aren't doing anything meaningful to boost the growth of the economy and the youths who are tired of waiting has resulted in looking for a way to move to other countries to look for greener pastures to be able to take care of themselves and their families because they aren't seeing any good change coming soon.

There is no way there will be change in the country when the government is not making any way rather the prices of things keeps going higher as a result of the increase in the dollar when we make use of the fiat currency (naira ) to pay for goods but dollar becomes the reason why things are so expensive in my country Nigeria, the only solution the government of  Nigeria thinks they can use to stop the high rate of inflation in the country is to attack binance because they believe they are the reason why the dollar keeps appreciating against the naira and the youths are also into cryptocurrency investments so they wants the youths to keep depending on them for survival. Things will never get better in the country until the youths rise up and fight against injustice and corruption.