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Nigeria in recent times has recorded unprecedented security challenges such as Boko Haram Terrorists (BHTs) attacks, militancy, armed robbery, banditry, kidnapping for ransom, Fulani-Herders farmers clashes, cultism among other social vices could all this current social vices be attributed to difficulty caused by having too little money or too few resources by the federal  government .
The current economic issues   in most areas of Nigeria, state capacity is low, service delivery is limited, and insecurity and violence are widespread. Wide infrastructure gaps constrain access to electricity and hinder the domestic economic integration that would allow the country to leverage its large market size.

My question now is what exactly sponsors the untold hardship in the life of an average Nigerian

We have our local board for discussion of all issues relating to our country, and from your post history you already know this because you have posted there. Why are you bringing this discussion here?

The entire world is going through so many problems, it is not peculiar to Nigeria. However, Nigeria's problem is compounded by the activities of terrorists and other criminals. Until Nigeria settles its insecurity problems it will keep going through economic problems. Farmers have been chesed out of farms by killer herders and terrorists which has led to food insecurity. Because of insecurity, many multinationals have been forced to move their investment to other African countries. Most expatriates have been kidnapped and these companies have been forced to pay ransom. New investors are not attracted to the country anymore because of insecurity. This has led to a drop in tax revenue and unemployment. There are also reports that these insecurities are sponsored by some greedy politicians financially benefiting from the security crisis. Nigeria has the resources to surmount its problems if they have the right leadership.          

It should be combined efforts by government and it's people to get out of this terrible situation starting with eliminating all the terrorist organizations and locals shouldn't cheat or indulge in any shady business regardless of hardship they go through and trust me Nigeria will be booming if not for complicated problems it faces as people often indulge in criminal activities. I got offer to work with an MNC but the job location was Nigeria and the clause reads something like this "If you get kidnapped company will pay 100% ransom the first time, 50% will be paid by company and 50% will be paid by employee themselves for the second time and 100% will be paid by employee the third time. This culture needs to stop only then the investment will start flowing into the country.

People who don't live in Nigeria would prolly find it hard to give answers to your question, thus majority of the replies on this topic would prolly be from Nigerians, the more reason why you should have posted it in our local board.

Having said that, hardship exists in many parts of the world/in other countries, though third world countries like ours are faced with more challenges. Insecurity, terrible economic policies, bad leaders/poor decision makers, corruption, lack of local production, wastage of the country's resources, etc, all of these is just to mention a few, but the culmination of all of these and more is why the country is in the state it is right now. It is going to be extremely difficult to solve our problems, but we have to start by electing good leaders and people in public offices.

The above you mentioned and highlighted does as an architect of the governments causing disasters to human welfare while enriching their selves.

It's not only Nigeria that experiences this. Many developing countries can't move forward because of these factors, destabilization, corrupt officials, economic sabotage and many more. Even if the citizens are patriotric and peaceful loving people.

If those factors are stopping the progress of them, they're not able to make any country they are in great. You'd see rally left and right just for these people to send their message to the government.

But people do see that these are nonsense, those that are okay with the standard of governance by any reigning government. It's hard to have these problems solved, it will take time to forever.

OP, this type of matter is best discussed at the village square, nor be for UN summit or G8 or G20.

The current hardship in Nigeria is suddenly becoming unbearable for ordinary nigerian citizens and the worst of it all is living with the hope that things will get better and return to normalcy.

Thriving and living in a country like Nigeria is not for the weak.Prices will continue to soar as exchange rates continue to fall and it will be unwise to think that these events will not continue in the nearest future.

The average Nigerian is living far below minimum wage. The computer, internet, is available,Still there are too many illiterate, uneducated or educated with outdated information, and unemployed graduates everywhere.Nigerians are suffering by Their poor choices,Nigerians prefer to study the wrong course than been an undergraduate.Even when they can clearly see the reason for their suffering,they'll intentionally remain incapacitated for or to themselves.

I don't think there has been a recent time in Nigerian history that you could reasonably call "easy". Just from an outsider perspective it seems vastly overpopulated and this will make it a high competition area. That would make it harder to escape poverty or move up the socioeconomic ladder, because the poorer will often be stuck on the lowest rungs simply because they are replaceable. I do believe the Nigerian government screwed over their own people in the last couple years by decoupling from the dollar, as it was at least a little bit of economic stability.

Are you querying persons from outside Nigeria or that are not living in Nigeria to give you an answer for a situation they are not directly witnessing when already you know the right board to drop your query and get the most appropriate answers to your question as it affects you.

As a Nigerian living in Nigeria I don't think I can with much knowledge speak thoroughly well on issues affecting the average American, Canadian or a Swedish more better than they living in these societies. Therefore, Op if you want to get the real discuss then take it to the Nigeria (Naija) local board, as it was for discussions as this that the board was established and you of all people should know that.

It's important to note this, there's no part of the world where people are not facing hardship, the only difference is that this hardship as faced by the citizens of the different countries of the world are in levels.

I am a Nigerian, and with all honestly, I am proud of where I come from, for i can tell all with all sincerity that Nigeria is indeed blessed, blessed with different kinds of blessings, talk about natural resources, talk about minerals, talk about good and fatile Land for farming, talk about forest, talk about rivers and oceans for fishing and so on, also talk about the lack of natural disasters happening in Nigeria, all this tells that my country is blessed.

The only area where it most of the times looks like Nigeria is cursed is in the area of governance, for hardly do we ever get it right, bad governance has been the number issue of and in Nigeria, and it has also been the major cause of all that unfortunate happenings in Nigeria that you mentioned.
If only Nigeria can get it right in the area of governance, which is, in choosing our leaders, from the president down to even the local government chairman, if we can for once in Nigeria history, vote the right people in, I believe bad stories being written about Nigeria in terms of economy, security, health care and other aspects; will completely change for the better.

But the question is, how do we know the right people to vote in, even when we try, the bad ones end up buying the sit with their money, something the good ones don't want to do.

I don't think it's not a bad idea to share the issues here, I mean the whole world can probably relate to the plight that you and your countrymen experience.

Man, Boko Haram is still really this hardcore, they're a really scary group of terrorists, it really saddens me that religious extremism is making all this atrocities thus making it all difficult for us people that wants to just live to be doing that living in peace, really weird that we can never live in harmony despite religious difference, someone always has to take things for the worse for others. This is just my hunch but the reason that Boko Haram is still operating is because there's shady government deals that are arming them and their attacks are creating favors to these shady government officials or organizations that are having their interests furthered by these terrorists, also the most influential arms dealer too, they're the second if not the first reason why these problems are persisting.

You're quite right but no one is actually going against the will of the op, members here just wanted to inform the op where he should post and besides the name simplifies "local board" for example I can't start a topic relating to bitcoin price speculation in bitcoin discussion when I know the right board for such discussion.

Surprising the boko haram no longer focus on religion but instead they choose to kill and kidnap their fellow member, religion is no longer a thing for them especially when it's time for war you see them fight themselves. I have seen several cases like this on TV. I also thought about the boko haram issue and why do they keep terrorising and killing but yet nothing has been done to silent this evil act, from my thought the government has a linkage with all this, from your point this set of terrorist do favour the government, when you see two countries going to war you'll definitely see killing and fighting including bombing  so this set of group can be use during an operation to carry out deadly act, I strong believe countries facing the boko haram crisis and war will have no peace until this linkage is exposed. My question is how can this aim be accomplish.

There is a reason why we have the Naija local board on the forum, and it is partly to discourse something like this which ish actually local nad not bore the foreign readers that are not witnessing what you explained. So, it will be good if you can tell a moderator to move it for you.

Nigeria was a giant of Africa in the past and if it was wisely managed, it should be one of the best countries in the world. But for bad leadership and the wrong country's system of government, it is where it is today. You can imagine how former president Buhari and the former central bank's governor, in the person of Emefile, due to bad policies and insensitivity put the country into this untold hardship. It has gotten to the point that people are now frustrated to the point of intercepting and looting trucks conveying food and also burgling warehouses that contain food. The poor are really angry and even the rich and average are feeling the heat so much.

However, it got to this level during the administration of President Tinubu because he was also insensitive. I wonder what cursed Nigeria to be unlucky with presidents. Although Tinubu is not the originator, he should have been better smart in removing the fuel subsidy, and he should not have initiated the dollar unification of the official and the parallel markets. These, and also the closure of borders are the main reasons why the economic hardship is this bitting.

We should all brace for the worst, this is not a curse, it is just a speculation because it is until we have hope that we can be hopeful. Where is the hope yet?

The tough life for an average Nigerian comes from a mix of economic problems, weak state support, limited services, widespread insecurity and poor infrastructure. It's the combo of these things making life challenging for many

bringing your country's local problems to the global economic board doesn't seem quite right. but i will discuss the case as experienced in my country, here our president together with the army are working together to eradicate extremists, even our government does not hesitate to kill people who are affiliated with this group. and after carrying out a large-scale operation against this terrorist group, the government began to clean up the affected areas and began providing assistance by establishing supporting facilities such as water sources, electricity, food aid, etc. and after several months of this operation, the underdeveloped areas began to progress and their economy began to develop.

so it depends on how the government can be firm against groups that hinder the country's development and can provide the needs that citizens need, so that this will help the local economy.

I don't know which part of Nigeria are you currently living in, but I have some friends who are currently studying Islam in a University in Nigeria, and we communicate a lot and they don't seem to be bothered by the situation there. Don't get me wrong, I didn't mean to deny or invalidate your problem, I just giving another perspective, it might be different between foreigner and locals.

Other thing is that even though the Bitcoin market (& Crypto market in general) is in a very good condition, there are several countries that are experiencing difficult times.


And how could you ask this questions to a bunch of online foreigner who might never have been to Nigeria?

People who live there should know what is their problem, if not then there is no hope to solve them.

This is an internal issue peculiar to Nigerians. You don't expect Theymos to know what is causing hardship in Nigeria let alone offer solution, it is the business of Nigerians and the very reason we have local board. Post this kind of issues where the people it concern can comfortably discuss with you and find a way forward. That this board is economy does not mean that every economic challenge have to be discussed here. If you cannot move the topic to Nigeria local board, I think an admin will do that.

The government of Nigeria and it's people should work as a team and  have to make an assessment on determining the root cause of these atrocities and untold hardships you just said and find possible solutions but I know this is not that easy because this has been happening for so many years now. We foreigners cannot exactly give you the accurate solution to this problem because we are not from your locality but yeah my country was also fighting terrorists and hardships for so many years but the government is really serious in eradicating these insurgents that causes slight delay to the economic growth. They do have campaigns to encourage these rebels to surrender and they'll provide them livelihood, house and education for kids and some of them even joined the military as they diverted from wrong belief and these surrenderies are now helping the government to capture their former fellow cadres.

Op, you should be happy you are from Nigeria because some countries are suffering worse than what you have mentioned. Most people in this forum have not been to Nigeria, and they cannot give answers to your question. Next time If you are creating this type of post, you can post it to the Nigerian local board, where you can get answers.

The government is working hard to alleviate the suffering and hard times so far that is experienced lately.
Everything just hasn't been same since the removal of fuel subsidy as well as the exchange rate of dollar rising on a constant basis.
One news I even heard, talks of the minimum wage being revisited as well as the president setting up a committee to profar solutions to the collapsing economy.

With this Binance saga ongoing that sees the exchange being investigated for money laundering and sponsorship of terrorism, crypto traders and investors will be forced to find alternatives or succumb to the situation at worse, because financial freedom is one way to not even feel the heat of the cost of living.

This is not exclusive to the country in which you are living, this is happening all over the world, and as you may guess those problems are not created by a single cause, it is a combination of factors, and even if governments were to resolve a few of them that is not going to be enough to see too much of an improvement, and that is if governments were willing and capable of solving a few of those issues, which most of the time this is not true.

Maybe he wants to bring awareness to the situation in your home country. This is the Economy sub after all. I think it’s good to bring a discussion to the wider community. I am not Nigerian but I have an interest in worldwide economic issues. The economic and social status of Nigeria is struggling at the moment due to many factors. Nigeria has a dependence on oil exports which leaves the country vulnerable to fluctuations in global oil prices. Long time issues such as corruption, inadequate infrastructure, high unemployment rates & security challenges have hindered economic growth & development. Little or low education means high crime & violence statistics. These challenges need to be addressed to improve Nigeria's economic and social standing.

Probably you are right on your post, and the reason behind the hardship of your countrymen is due to financial difficulties and lack of opportunities you face in Nigeria. The point is, these financial problems are consequences of something else. So, what is the reason why your government lack financial resources? Isn't your nation producing enough wealth? Are corruption rates practiced by authorities too high? Are public expenses too much for your countrt to afford?

These are investigations you have to do in order to find the real causes of your local issues. For foreigners it's hard to point out exactly what is happening, because we don't live the daily reality of your nation. All we have are news shared by international communication vehicles, which aren't totally accurate or true on their informations.

I think the security and level of welfare there is less than normal, meaning that people there are struggling just to live a normal life, one of the factors that causes this to happen is corrupt and bad leadership.
and the miserable condition of the people is what triggers them to

Nigerian society is going through difficult times by analyzing socio economic and economic problems such as unemployment underemployment poverty and high rate of illiteracy in the country which are making their lives challenging and hindering the economy. Also included are the effects of militancy the impact of herder farmer conflicts on agricultural production across the country but particularly in the north central and the continued albeit reduced activity of boko haram.

I've no way to know if what you wrote is true (I also have no reason to doubt it), but I appreciate getting information about other countries from members who live in them, or at least know what's going on in them.  The Western media usually never reports news from Africa unless there's a huge story going on, and even then I expect about 40% of what's reported is either false or otherwise inaccurate.  So thanks for chiming in with that; there's no way I'd understand anything in the Nigerian local section, so this is as good a section as any to talk about anything economics-related.

Again, this section is about economics in general, not North American economics or topics specific to any region.  And there's at least one person here (me) who appreciates learning about what's happening in other parts of the world.

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 level 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.

They're caused by as follows
✓ Lack of infrastructures that was supposed to be amenities with recruitment provisions where citizens could be employed to work and yet paid and yet it would be structured to generating public funds.

✓ Poor and lazy mentality of the people with the lack of creative and entrepreneurship ideals to help themselves instead of leaning on the government.

✓ Bad governances.

✓ Inflation where economy goes down and individuals could not have enough to save for establishment due to the cos of goods and services.

✓ Low self-esteem and the comfortabilities of settling for less. That's a time individuals feels they can't do it on their own even when they can and some people doesn't panicking or bothered over their states of unemployment or lacking the form of earning incomes.

Various problems are seen in almost all countries of the world.  Every country is suffering from some problem.  The biggest victims are the developing countries.  It is very disappointing.  Because we can see but cannot help.  Nigeria is a country full of corruption.  And the leaders themselves drive around in bulletproof cars but don't care much about the people.  So what else can we expect in a country like Niger.  For anything good to happen in Nigeria, the whole system must first be fixed.

If we're not just talking about money in terms of sponsorships, I believe that the Nigerian people are also responsible for the hard times that the country is facing, this isn't a Nigerian thing though as this kind of sickness is prevalent in a lot of countries if not all countries because if you vote a stupid, corrupt and incompetent official, who do you think has put them their through votes? Sure some might be corrupt and tries to rig it but think about it, if you all knew that the election is getting rigged, why aren't y'all doing anything about it?

Imagine if the people have voted for someone that's competent, you would immediately see the difference that's mostly progress, these good people aren't going to be winning if the public isn't on their side, that's why I believe that in hard times, it's not just the people that's on the top that's responsible but also your fellow countrymen.

And hoping the whole system won't happen except World War 3 went true, so it will make the country need to rebuilt the country back from beginning. As long as you're not a president, you can't change anything in your country. So focus on yourself, try either remote jobs or work overseas, after you've have enough money, you can choose to live in wherever you want.

It is a mess in the country of Nigeria, and the situation is not good there, the government should take good action immediately so that the people under their jurisdiction are not hurt. I also know that all countries have their own problems like that, but not all of them of course.

But even so, that should be resolved as soon as possible, of course so that the condition of the people who can be affected by such conditions do not become miserable.
Though I knew that the cost of living there in Nigeria also not good at all in reality actually.

Nigeria is a member of OPEC so is easily a globally important economy in a few ways.  Despite this positive commodity asset to the country I can well believe they are troubled as a nation.  My main conclusion would be through disunity, literal terrorism in some cases which is very sad when it occurs in any country. 

The main objective for a country is to work together and benefit in doing so, I would hope for leadership in Nigeria that can observe and find ways to make that happen.   I never believe in a government forcing things to be true but they can certainly represent a vision and help encourage unity and cooperative benefits across the country whenever possible, the main deal first is finding those capable who actually have belief in strength through unity.