Showing posts with label Inflation. Show all posts
Showing posts with label Inflation. Show all posts

Thursday, 1 September 2016

OUR ECONOMY FLUCTUATES MORE THAN THE POWER SITUATION IN OUR COUNTRY



I asked a young lady, Shalom to put on paper, her thoughts on the present economic situation in the country and she wrote thus:

Our economy fluctuates more than the power situation in our country. From the devaluation of our currency, to the labor market getting tighter and inflation of prices on everything.  We are aware that the devaluing of our currency started in Babangida’s regime and ever since it has been hard to give our currency the value that used to be placed on it. 
 
However, corruption in my own opinion is one of the major causes of our economic meltdown. Let us quit putting all the blame on our leaders and face the fact that we as citizens of Nigeria also play a part in the instability of the good will of our country. We citizens have accepted whatever the society throws at us and by this the economy keeps getting worse.

I mean the price of crude oil has dropped drastically and the fact that our country is solely dependent on oil has affected the economy a great deal. Left to me the only surviving people in this country are the higher class people, the merchant class are managing while the peasants are in despair. This is sad, what happened to the Nigeria where everyone was comfortable and didn’t have to worry about the fact the economy could decide not to favor them tomorrow?

The bad part is even regular commodities now have their prices hiked just like the price of tomatoes that got inflated. To make matters worse people are being laid off en masse from their jobs because organizations can no longer afford to pay staff and as if that is not even enough there are more unemployed people than employed people. I mean how are people supposed to survive without money and in this situation where the exchange rate is ridiculously high and the prices of everything are getting inflated. Apparently only few people have stable jobs in Nigeria.

I would like to agree with a lot of people that our present leader, President Muhammadu Buhari is doing the best he can, but let us not forget that he is trying to mend Nigeria almost from scratch and there is only little he can do. But if we the citizens of this country put our hands together to see to the progress of our country then Nigeria can be fixed, it might take a while but we would go a long way in making our country a better place to live in. If we determine to make this country better then I assure we would be able to build this country up again.

Wednesday, 20 July 2016

MAY NOT BE PERFECT, BUT THE GRASS WOULD ALL BE GREEN



A friend, Blessing-Obi on his facebook page posted:

"When l look back to my birth country, l see people struggling, women sad, men kicked out of jobs, sisters travelling to Abuja and Lagos to start a career in prostitution popularly known as "runs", running inflation besets the economy, innocent children roam the streets, people blaming Govt. Insecurity everywhere even with the kidnappings of commoners and monarchs. And in the midst of these social ills and despair l still see HOPE, HOPE and BELIEF. Let corrupt politicians who live in luxurious houses and drive expensive cars wallow in stolen wealth, the sweat of the Nigerian, still l see HOPE, l still BELIEVE in HOPE. A day is come and it is no longer far, we sit with fellas, we are planning, the days are near, when political criminals will gnash their teeth and common Nigerians smile, children would have clothes on their backs, although not a perfect world where the grass is all green, but at least a world fair enough".

After reading the post above, you would agree with all sense of being unbiased that this is ‘hard truth’ and a clear picture of what is really going on in Nigeria at the moment and to say the least, it scares me.

Yes, it should scare you because the way things are at the moment tells that except God intervenes, it may get worse and if it does, the rhetorical question is, “who will be spared” or “which class or category of persons in the country will not feel the brunt”?

The kidnappers are no longer after just the high, rich and wealthy but are also after people who can barely pay their rents. So also robbers are not just after the rich neither are the ‘runs’ girls after just the rich as they go round every Emeka, Shola, Dahiru, Akpan, Tom, Dick and Harry to hustle even if it means getting a token or recharge cards from a couple of these Toms, Dicks and Harrys, at the end of the day, to them, every ‘collection’ add up for something.

Children hang around people even strangers to see if they can get freebies because many of them hardly get to eat enough at home anymore.

Well dressed and healthy looking people now stop you on a daily basis begging for food. The list and scenarios are endless.
  
One TV soap that was widely watched and followed by many back in the 90s ‘the rich also cry’ comes to mind even as reality of the economic situation sets in on a daily basis.

Ironically, many of the ‘rich’ who are now also crying, are making the poor who have cried nearly every day of their lives, cry even more than always because many of these supposedly ‘rich’ are unrepentantly owing a larger number of these ‘poor’ without any hope of paying up even in the nearest future.

These ‘owed’ poor are faced with the dilemmas of dud cheques which have ‘bounced’ severally or tales of “sorry my mummy, daddy, uncle, aunty or even friend (as the case may be) is not home” even when the person is quietly hidden in the house and children or wards are made to tell lies.

It should scare you even more because as at this morning the Governor of the Nigerian Central bank was reported to have told Senators during a closed door meeting that the country is in what he termed ‘stagflation’, trapped between a ‘stagnant’ economy and a high level of ‘inflation’ even as the IMF has also officially asserted that the country is going through an economic recession.

What scares me the most is the hanging ‘if’ which the CBN Governor was said to have left in the air. That is, the part where government may not be able to pay salaries by October this year, 2016 if things remain or get worse than this. This should really scare you.

The question now is “what is the way forward”.

Like my friend Obi reeled out in the post as seen at the beginning of this write up. So many people have been sacked, women sad, children roaming the streets, ‘runs’ increasing as more ladies are joining the trade traveling not only between Abuja and Lagos with the social media making it a lot more easier. Sad but true and even more.

Ironically, men are not giving without ‘taking’ as everything given must be paid for in ‘kind’ even for as little as lunch, a drink, recharge cards, phone and more; not to mention when you ask for a huge sum, rent, car the list goes on. Shameful! That tells you how tough it is out there.

Nevertheless, there is hope, hope in the fact that you can choose to either sit back, fold your hands, until you eventually die as a result of hunger or find something honourable to do while we await a way forward from the government. Learn a trade and avoid depravities, spend wisely as that’s the way to go for now because even the ‘mugu’ is getting wiser as we speak or as you read. *winks*

Enough of the ‘blame game’ about this Politician or that Politician did this or that. However know that there is hope but for now, “Let corrupt politicians who live in luxurious houses and drive expensive cars wallow in stolen wealth, the sweat of the Nigerian, still l see HOPE, l still BELIEVE in HOPE. A day is come and it is no longer far, we sit with fellas, we are planning, the days are near, when political criminals will gnash their teeth and common Nigerians smile, children would have clothes on their backs, although not a perfect world where the grass is all green, but at least a world fair enough”.
   
Hopefully, the question on ‘the way forward’ would be near ‘answered’.