Hard times in the average Nigerian society

[Mayor of ogba]

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.

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[Cryptomultiplier]

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.

[Silberman]

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

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.

[DeathAngel]

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?

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.

[uneng]

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

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.

[huu78]

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

[Volimack]

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.

[The Sceptical Chymist]

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. <snip> 

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.

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.

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.

[GiftedMAN]

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 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.

[AVE5]

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.

[|MINER|]

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.

[Maus0728]

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

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.

[Despairo]

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.

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.

[bettercrypto]

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

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.

[STT]

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.