The affordability of living expenses is one of the reasons why I have not thought about leaving Nigeria. Though some regions have expensive living costs, there are still areas where you can live comfortably without breaking the bank. By residing in such places, you can save a significant amount of money. Personally, I prefer living in areas with lower living costs so that I can easily accumulate money and you see evidence when you check my hive wallet. However, things have recently changed.
Since the election of the new President, Nigeria has experienced a significant increase in inflation, causing prices to skyrocket throughout the country. Due to the unstable exchange rate between the Naira and the US dollar, individuals who do not have access to dollars and those who rely on them are struggling. As someone who primarily earns in dollars, I am finding it increasingly challenging to manage my finances with the recent surge in commodity prices.
For the past few years, I have been trying to leave minimal to cut so many expenses so I could save. I decided not to live in places that will make me spend a lot of money, but right now, it doesn't matter where you stay in Nigeria. The inflation is wild, and this is a result of the country's bad economy, and it's getting worse every day. The economic situation of the country is now very terrible, to the extent that no matter how much you earn you will feel it, and so many Nigerians are now in extreme poverty.
Nothing could save the country
The current state of the country can be attributed to several factors, including electricity, ineffective leadership, and a lack of focus on the root issues. Even if we were to elect a highly qualified President, the fundamental problem in Nigeria would not be resolved by simply stabilizing the Naira or injecting money into the economy. The root of the problem lies in our reliance on crude oil as the sole source of economic support, which has led to widespread poverty despite relatively low costs of living.
Ethnicity-based voting seems to be a common practice among many people in Nigeria, which hampers the collective growth of the country. A crucial issue is to maintain balance in the economy, which can be achieved through direct flow and allocation of funds. In my opinion, one way of doing so is by selling crude oil using naira instead of dollars, thereby bringing more value to the economy. However, a major concern is that the leaders are not utilizing the revenue generated from crude oil sales for the betterment of the country.
Protecting won't solve anything
I've been talking with several Nigerians lately, and many of them are urging us to protest against the government's lack of vision. However, I believe that protests may lead to violence, even if they are peaceful. Whenever there is a peaceful protest in Nigeria, soldiers and military personnel show up fully armed, indicating that they do not want to hear our voices. I fear that this could escalate into a full-blown war because people will eventually become fed up and rise up against those in power.
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Thanks for your time.
