The cost of living in Nigeria continues to rise, with June 2024 Consumer Price Index (CPI) data showing a consistent increase in inflation rates across both all items and food, affecting the daily lives of people in states.
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The Tinubu Administration is a fanatic believer in economic liberalism and market forces. Based on its belief, it cancelled fuel subsidy and floated the naira so that it can find its true value. The naira played its part and has been rising steadily desperately searching for its true market value, which it turns out, is still very far away. The result is a “misery crisis” as cost of living rise beyond the incomes of ordinary citizens whose naira is too small to enable them purchase food and hunger and anger spreads throughout the land. The President who always tells Nigerians that he understands their pains then offers a solution and orders distribution of free grains from the Strategic Food Reserves. It turned out the civil servants forgot to brief him that the reserves are empty.
Nigerians are facing dire health consequences as the cost of essential medication surges, making it unaffordable for many. This article explores the impact of inflated drug prices on access to healthcare and the challenges faced by community pharmacies.
The residents of Minna metropolis, the Niger state capital, on Monday, besieged the streets to protest the high cost of living in the country.
Irked by the rising cost of living and hikes in transport fare occasioned by fuel subsidy removal, some workers in Bauchi, Dutse and Gombe have advocated urgent interventions to ease their sufferings.