Nigeria: Currency reform deepens socio-economic crisis • FRANCE 24 English

Author Avatar

FRANCE 24 English

Joined: Mar 2024


Nigeria: Currency reform deepens socio-economic crisis • FRANCE 24 English


The devaluation of the Naira against the dollar has plunged Nigerians into a deep socio-economic crisis. The price of basic foodstuffs can double or even triple in the same day. While 98 million Nigerians were already living in extreme poverty in recent years, this figure could explode by 2024 if the crisis continues. For tens of millions of…

source

Reviews

0 %

User Score

0 ratings
Rate This
0 0 votes
Article Rating
simple-ad

This is a demo advert, you can use simple text, HTML image or any Ad Service JavaScript code. If you're inserting HTML or JS code make sure editor is switched to 'Text' mode.

Subscribe
Notify of
guest
12 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
@us7wqtrnek7uu

Then will all🏃‍♂️ away t0 0ther c0untries d0 crime.Th€y running awayy from hardship just create hardhip wherever they g0in.
They need a wake up call whereby c0untries deny em access g00d or bad.They stay at home fix their characters and c0untry

@qasemtv1737

People don't understand inflation benefits the capitalist, they isn't any production cost hike, yet they raise prices due to creation of artificial scarcity, thereby causing demand push inflation and hiking prices! Is a vicious cycle may God be with them! 😂😂 Y'all voted ya suffering!

@madamakusinachi3877

France alone stole billions of dollar resources every year in nigeria still they call Africa a third country shame shame shame shame on you colonisers 😡🇨🇵🪓😡

@wildbull5722

So what the Nigeria government use to win the war between Biafra by cutting their way of food the terrorists are using it against them WOWWW

@rogbafils3939

Inflation is biting hard in Nigeria and the people elasticity limit is nearing it's end. However, majority remain hopeful and confident that President Bola Tinubu with his reforms is on the right path to reengineer the economy and enhance purchasing power of the people.

@milesinnz

the population explosion in Africa is what is destroying Africa… – average age = 18.. US = 38, Singapore = 43… someone tell me where all the jobs will come from ? more people = more demand for food, water and shelter.. it is not rocket science..

@brightolay8346

As a Nigerian, I am so proud of the current Nigeria president for taking these bold economy steps. France does not provide subsidies for fuel or consumption , nor do European Union provide subsidies for Euro. Nigeria can not be providing subsidy for fuel. If you want to drive a car then pay the right price for your petrol. If you also want to drink french whisky, then pay the right price. Nigeria government should not be helping citizens pay for fuel or fund citizens who want to import goods from abroad to kill our local manufacturing companies. Nigeria government should not be paying part of school fees for citizens who prefer to study in Europe instead of studying in Nigeria. Therefore, the Nigeria government is doing so great. We need to promote our local industries instead of buying from Europe.

@Rayjack-m9o

Their are no quick fixes, Sacrifice is necessary to build a positive future and increased opportunities for the people of Nigeria 🇳🇬.

@XjvxkAick

I travel to Turkey 10 months ago. I’m working in Turkey now I’m a Nigerian if you can get a work visa to Turkey, you can still make some money to feed your family

@olabodeakinola9849

Folks, this is what happens when a country like Nigeria is ruled by KAKISTOCRATS….”Everybody is less privileged”.Stop this nonsense….Nigerians are in the ocean, and they all complained of thirst…Wrap your brain around that concept! . All Nigerians are complicit in electing KAKISTOCRATS…..Revolt and take back your country…..

@NathGad

If you saw the Nigerian news.. please don't feel Sorry for us.. they'll rather celebrate criminals and frustraters than embrass those with ideals and capacity to solve our problems.. 🎉🎉🎉

@mokomdane4297

Shame on political class inNigeria