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Author Topic: The rising rate of debtors in the society has become a reason for concern.  (Read 70 times)
Faazs (OP)
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November 14, 2025, 04:22:24 PM
 #1

The rate of inflation resulting to hardship in the country is alarming and it's pushing many into debt on a daily basis, many are longer able to afford their basic needs like feeding, clothing and shelter before thinking of secondary needs, it's disheartening how the country has fallen so low, people are feeding from hand to mouth. Leading people to take loans they might not be able to pay over time, the country has become a safe heaven for loan sharks who are on a daily basis exploiting the weakness in the society. The question is how do we cope, how do we survive in these crisis bewildering us as nation.
Spaceman1000$
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November 14, 2025, 08:42:07 PM
 #2

The rate of inflation resulting to hardship in the country is alarming and it's pushing many into debt on a daily basis, many are longer able to afford their basic needs like feeding, clothing and shelter before thinking of secondary needs, it's disheartening how the country has fallen so low, people are feeding from hand to mouth. Leading people to take loans they might not be able to pay over time, the country has become a safe heaven for loan sharks who are on a daily basis exploiting the weakness in the society. The question is how do we cope, how do we survive in these crisis bewildering us as nation.
Since way I Sabi something as adult, I never know whether time dey way Nigeria don ever better, na so so struggle people dey struggle. As pikin way I be, I remember when people dey use sawdust as stove to use cook because say they cannot afford to buy kerosene to light up their cooking stove. In fact, as far as I remember, na suffer head many children for naija use grow up, it has always never been Rosey for an average Nigerian child no be today, it has teyed.

Omo watin we dey see today, na luxury compared to watin men don go through, there is hardly a house you will go and not see cooking gas as at today, Omo na only reach people dey use gas in those days. If you think am lying, just ask around your neighborhood, I might not know how old you are, probably you too witnessed it, but if you didn't, ask the elderly ones living around you, them go tell you say this matter don tie wrapper and Gele no be today.











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Berry2d
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November 14, 2025, 10:26:55 PM
 #3

If Nigeria a country blessed with different mineral resources are still leaving on debts what then can you say to citizens whose government has know plans for when we are aware of some of the duties of the government which is to provide a stable cost of leaving and also create job opportunities.

For over some years now the inflation rate has increased when there is no increase in salary or  job opportunities to provide capital for balancing such occurrence. in other for survival, citizens are faced with no options than to live on constant debts so as to provide the basic need of humans.

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November 15, 2025, 06:14:02 AM
 #4

The rate of inflation resulting to hardship in the country is alarming and it's pushing many into debt on a daily basis, many are longer able to afford their basic needs like feeding, clothing and shelter before thinking of secondary needs, it's disheartening how the country has fallen so low, people are feeding from hand to mouth. Leading people to take loans they might not be able to pay over time, the country has become a safe heaven for loan sharks who are on a daily basis exploiting the weakness in the society. The question is how do we cope, how do we survive in these crisis bewildering us as nation.
I feel so sad for Nigeria and Nigerians, we are gradually becoming a country with so much of debtors because of wrong policies that is increasing hardship and forcing citizens to go into debts. Nigeria gradually drifted from production like Agriculture and other things that was given her money and refused to invest in anything good instead they are just consuming, our refineries are often not working, our schools are dilapidated, our roads are bad, nothing is working in the country that’s why as common as toothpick is imported, the lack of production has made our currency loss so much value and this has resulted in hardship, those that can’t meet up end up going into borrowing and incurring so much debt, all the materials used for building houses, transportation and other things are all imported and this results in house rent being expensive, transport fare being expensive, food too is expensive so lots of persons can’t cope they end up either gambling or borrowing money and this results in them incurring so much debts. Our government is even leading in debts too because they borrow money from other countries on seasonal basis and don’t even invest the money wisely for it to yield interest, instead they waste it and it doesn’t serve the purpose for which it was borrowed and this results in hardship for the citizens and make those that can’t meet up to run into huge debts.

People are really in debts due to high cost of living, even those basic things like food and shelter are so expensive in Nigeria and the government isn’t doing anything about it, there isn’t any policy implemented to moderate prices of commodities or encourage production, instead our government is interested in high taxations and increasing custom duties, that’s why inflation and hardship keep on increasing, it’s well that’s all i can say, our government really need to wake up and fix certain basic things, this will help reduce the number of debtors in our society.
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November 15, 2025, 08:52:09 AM
 #5

The rate of inflation resulting to hardship in the country is alarming and it's pushing many into debt on a daily basis, many are longer able to afford their basic needs like feeding, clothing and shelter before thinking of secondary needs, it's disheartening how the country has fallen so low, people are feeding from hand to mouth. Leading people to take loans they might not be able to pay over time, the country has become a safe heaven for loan sharks who are on a daily basis exploiting the weakness in the society. The question is how do we cope, how do we survive in these crisis bewildering us as nation.
Don't take a loan you are not able to repay, people taking loans and not being able to repay back is not as a reason of the country economy being bad. Loan defaulters are people who knew they don't have it in mind to replay it. I have seen some people who intentionally take loans and they saying they will never pay back the loan. As a responsible person never take loans when they don't know how or what means they intend to pay back the loan. Myself I do take loans from my bank, but before I take the loan I already have a plan on how to pay back. Those that are defaulting don't ever want to pay it back.

 
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Africolo
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November 17, 2025, 09:02:55 AM
 #6

The rate of inflation resulting to hardship in the country is alarming and it's pushing many into debt on a daily basis, many are longer able to afford their basic needs like feeding, clothing and shelter before thinking of secondary needs, it's disheartening how the country has fallen so low, people are feeding from hand to mouth. Leading people to take loans they might not be able to pay over time, the country has become a safe heaven for loan sharks who are on a daily basis exploiting the weakness in the society. The question is how do we cope, how do we survive in these crisis bewildering us as nation.

This is to tell you the level of hardship we are facing in the country under the Administration of Tinubu, when there are no jobs and the prices of goods and rents has gone so high what do you expect from the citizens, the hardship has led many to be debtors, borrowing money from online apps, this has always resulted to salary earners asking their employers to pay them by installation so they can feed due to the hardship.

I felt so emotional for the less privileges that can't afford even a two square meal in a day, imagine a country like Nigeria that is rich in mineral resources the citizens are dying because of hunger, our refineries that was supposed to be working is not, if our refineries were working some people would have been employed and the unemployment rate will reduced. During the time of Goodluck Jonathan the former President of Nigeria, comrades like Adams Oshiomole and professor, Soyinka staged a protest about bad government and policies but now we are experiencing the worst they have all gone mute, no one is talking. Those who take loans are unable to pay because they don't even have the source of income to payback.

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Africolo
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November 17, 2025, 09:03:48 AM
 #7

The rate of inflation resulting to hardship in the country is alarming and it's pushing many into debt on a daily basis, many are longer able to afford their basic needs like feeding, clothing and shelter before thinking of secondary needs, it's disheartening how the country has fallen so low, people are feeding from hand to mouth. Leading people to take loans they might not be able to pay over time, the country has become a safe heaven for loan sharks who are on a daily basis exploiting the weakness in the society. The question is how do we cope, how do we survive in these crisis bewildering us as nation.

This is to tell you the level of hardship we are facing in the country under the Administration of Tinubu, when there are no jobs and the prices of goods and rents has gone so high what do you expect from the citizens, the hardship has led many to be debtors, borrowing money from online apps, this has always resulted to salary earners asking their employers to pay them by installation so they can feed due to the hardship.

I felt so emotional for the less privileges that can't afford even a two square meal in a day, imagine a country like Nigeria that is rich in mineral resources the citizens are dying because of hunger, our refineries that was supposed to be working is not, if our refineries were working some people would have been employed and the unemployment rate will reduced. During the time of Goodluck Jonathan the former President of Nigeria, comrades like Adams Oshiomole and professor, Soyinka staged a protest about bad government and policies but now we are experiencing the worst they have all gone mute, no one is talking. Those who take loans are unable to pay because they don't even have the source of income to payback.

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