Connect with us

Economy

The Nigerian Economic Crisis: The Struggles of the People, by Yasir Shehu Adam

Published

on

Molue bus

Since the start of President Tinubu’s administration, the gap between the rich and the poor in Nigeria has widened drastically. Every day, more people fall into poverty, while the upper class shrinks. The number of Nigerians living in hunger, uncertain about where their next meal will come from, continues to rise. Nearly 90% of the population struggles to afford food, and only a small 10% can manage to eat three square meals daily.

For many Nigerians, survival has become the top priority. Health, education, and other basic needs are being sidelined as people scramble just to get by. Yet, despite this crisis, the cost of living keeps going up. School fees are climbing, transportation costs are soaring, and prices of essential goods are out of reach for many. Sadly, the current administration has done little to improve the situation, leaving citizens to fend for themselves.

Lagos Molue buss

As the number of uneducated and unemployed people increases, crime rates rise, threatening the peace and stability of society. It’s almost as if this administration is giving free rein to criminals like kidnappers and bandits to expand their ranks.
In Nigeria today, it seems that the laziest people enter politics and enjoy a life of luxury, while the hardworking masses struggle to survive. The big question remains: Is there any hope for change? Can Nigeria break free from the grip of its self-serving political elite?

The solution lies in reform. First and foremost, Nigeria needs to reduce the cost of governance. Cutting politicians’ salaries and allowances would discourage those who use politics as a quick and easy route to wealth.

There was once a time when the phrase “No food for lazy man” was a guiding principle in Nigeria. It encouraged hard work, self-reliance, and the pursuit of honest livelihoods. But in today’s political landscape, this saying seems to have been flipped on its head. Politics has become a shortcut for the lazy to amass wealth and live in comfort, while the hardworking citizens who truly embody this phrase are left struggling.

In the past, Nigerian politics was seen as a noble endeavor. Leaders like Sir Abubakar Tafawa Balewa, Abubakar Tatari Ali, Abubakar Rimi, Nnamdi Azikiwe, Obafemi Awolowo, and Ahmadu Bello served with integrity and a commitment to national progress. But over time, the values that guided early leaders have eroded. Politics has now become a business—an industry where personal gain trumps public service. As a result, hardworking Nigerians who uphold the values of merit and effort are left disillusioned and impoverished.

Advertisement
Market - economy

The current political system allows anyone to succeed, regardless of qualifications or a commitment to public service. If you know how to “play the game,” you’re in. Even people with shady backgrounds or no history of competence are welcomed into the system and rewarded with wealth. All it takes is the right connections, loyalty to the right godfathers, or the ability to manipulate the system.

No other profession in Nigeria offers such wealth with so little effort as politics. Politicians often spend more time on personal business ventures and travel than on governance, leaving the real work to civil servants. Meanwhile, the teacher who dedicates decades to shaping young minds, the farmer who toils under the sun, or the civil servant who shows up to work daily can barely make ends meet.

According to “The Economist,” Nigeria’s lawmakers are some of the highest paid in the world, earning far more than their counterparts in wealthier nations like the U.S. , the U.A.E, France, Germany, Russia and the U.K. For instance, a Nigerian senator reportedly earns around ₦13.5 million monthly in “running costs,” excluding salary and allowances. Meanwhile, Nigeria’s minimum wage is a mere ₦30,000—a figure that can hardly sustain a family in today’s economic situation.

This article was written by Yasir Shehu Adam (Danliman), young journalist and writer from Bauchi.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending Contents

Topical Issues

Lagos Primary Health Care Board - LPHCB Lagos Primary Health Care Board - LPHCB
Breaking News13 hours ago

Petition Alleges Extortion, Career Manipulation at Lagos Primary Health Care Board

The EFCC, ICPC and other authorities have received a petition alleging extortion, career intimidation and financial misconduct involving Mrs. Idowu...

Abiodun Komolafe Abiodun Komolafe
Forgotten Dairies14 hours ago

Dìbò k’ó se’bẹ̀ and the Raw Reality of Politics – (1) -By Abiodun KOMOLAFE

Dìbò k’ó se’bẹ̀ is a temporal trap. It forces the voter to live entirely in the immediate present - the...

Enugu Air Enugu Air
Breaking News14 hours ago

Enugu Air Assures Passengers After Runway Excursion, Credits Crew and Rain for Safe Outcome

Enugu Air has assured passengers of its safety record after a runway excursion in Benin, saying the pilots' professionalism and...

INTERPOL INTERPOL
Global Issues14 hours ago

First Light 2026: A Global Fraud Bust That Barely Scratched the Surface -By Fransiscus Nanga Roka

First, INTERPOL needs to change the public metrics it uses in assessing its impact from total arrests or the number...

Peter Obi Peter Obi
Breaking News15 hours ago

‘I’ve Never Endorsed Peter Obi or Any Politician’ — Falz Sets the Record Straight

Falz has dismissed claims that he endorsed Peter Obi in 2023, saying he only encouraged Nigerians to vote and support...

Maiduguri-Flooding-Opinion-Nigeria Maiduguri-Flooding-Opinion-Nigeria
Breaking News15 hours ago

Flood Control: Nasarawa Steps Up Drainage Clearance, Arrests 126 Sanitation Defaulters

Nasarawa State has strengthened environmental sanitation enforcement, arrested 126 offenders and intensified drainage desilting to reduce flooding during the rainy...

Malami Malami
Forgotten Dairies15 hours ago

Malami And Forfeiture Judgement Let Justice Prevail Not Public Perception -By Hajia Hadiza Mohammed

Nigerians should therefore avoid celebrating or condemning individuals solely on the basis of ongoing legal proceedings. Once a person's reputation...

Tuggar Tuggar
Breaking News15 hours ago

No Defections From Our Camp, Tuggar Campaign Tells Opponents

The Tuggar Campaign Organisation says no member has defected or been authorised to support another APC governorship aspirant, urging issue-based...

Nigeria Police Nigeria Police
Forgotten Dairies16 hours ago

Professional Misconduct Among Our Security Personnel -By Tochukwu Jimo Obi

Despite these concerns, commendation should be given to the Inspector General of Police, Tunde Disu, for the reforms he has...

US-Congress US-Congress
Breaking News16 hours ago

Proposed U.S. Aid Freeze Over Nigeria’s Security Crisis Raises Alarm for Healthcare and Humanitarian Programmes

Nigeria could lose billions in U.S. assistance after lawmakers approved a proposed aid freeze over alleged Christian killings. Experts warn...