How High Cost Of Living Is Affecting Nigerians

Cost of living in Nigeria is spiraling out of control. Prices of food and other consumables have soared more than 100% and have become out of reach for the average Nigerian, resulting in a wave of protests across the country in recent times.

The country’s currency is not left out, the naira has been witnessing a free fall with $1 exchanging for as much as N1,500 worsening the already fragile economy of the country.

Gist Nigeria’s Mercy Frank takes a look at how rising costs are affecting families in five Nigerian states as experts proffer viable solutions.

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[akindeleadegoke]

forget real estate and pursue agriculture. Let's all start a mini family agriculture campaign. Everyone Go to your backyard and plant yam, pepper, tomato, okro, ewuro, Edo, poultry . Everyone do backyard farming at least no matter how small ( if you don't have plot of land) . Everyone plant something, grow something, anything . Let's start with that . If 100 million people can do backyard farming at least ( not as a business, but for consumption and exchange purposes only) this idea will change a lot in the country .

[Rokka]

This breaks my heart. But we all know that the government is disinterested in the plight of Nigerian citizens.

[judechiaha]

This is just the beginning.
My annoyance is that it’s affecting everyone including those that didn’t vote for Tinubu. I would have loved it to affect those that voted and supported Tinubu

[Jprinx]

Tribalism will definitely destroy Nigeria 😢

[chiedozieonyearugbulem]

They should keep on voting based on religion and tribe. Na everybody dey suffer am

[tungsten]

I am a Nigerian abroad for a long time atimes our mind plays tricks on us...telling us to go back to our motherland. But Nigeria is a lost cause....why will somebody want to go back to all this hardship??

[MarianUdoh]

How can the prices of food and other staples come down when farmers cannot even go to farm for fear of being kidnapped or killed due to terrorism and insurgency. The borders are so porous or even non-existent in some parts of the country and so there's free movement of terrorists in and out of Nigeria. And even if some are caught, nothing is done to them and before you know it, the case is swept under the carpet and they are seen walking freely again. 
Economically speaking, you don't remove subsidy from fuel and other crude fractions like diesel without preparation to cushion the effect of the resultant shocks on the masses. In a country where prices of things are not regulated but everyone does whatever they deem fit, what do you expect? These middle men may even be working for our politicians just as the roadside forex sellers. It's a shame that a country so blessed without natural disasters like tsunami, volcanic eruptions, hurricanes, wild fires e.t.c. has bad leaders or should I say leadership as her own natural disaster.

[madananoel]

Not only in nigeria all over the world prices going up everyday

[africanqueenmo]

Channels reporting is just way up there. Keep it up

[izytonv]

RENEWED SHEGE. Una eye go peel. Ancestor is on the seat

[gadsonkamawu]

My favorite country seeing them like this hurts me 🇿🇲😢

[Thejusticesermon]

The high cost of governance is the cost of all the high cost of living, and even the current plans will worsen the situation of the common man in Nigeria. The solution to what is happening now in Nigeria is nothing else but a Revolution. To the wicked leaders, Revolution is a disaster but to the common Nigerian is starting afresh.

[thebirdboy]

Religion and tribalism are problematic to our countries growth and unity, but an even severe problem is the stealing, wastefulness and mismanagement of our countries resources.

[olarede]

Hospitals are experiencing influx of patients whose main problem is under-nourishment. Now is the time for the economists in universities to begin to examine which model will work for the nation. Strangely, we haven't heard much from them.

[dipo]

Finally Nigeria Naira becomes 2000Naira to 1 What a country and leaders!!!!

[onyemaoluchi]

This is journalism, keep it Channel TV😢🎉

[josephebong]

Someone says he wants to take the country from consumption to production. We say No.

[ebubeaghanya]

Security is the main issue. Tackle it and farmers would get the confidence they need to promote food security. As for the logistics issue, get both the govt and private refineries going. I don't understand how the govt cannot think and make critical decision as opposed to lip service. I pray we don't leave this too late and end up another Zimbabwe 😢

[charlesomonigho]

The government should support farmers so that much foods should be available for all Nigerians.

[estherifyikwumelu]

The weapon fashioned against the Igbos has returned to the senders and the innocent.But God will never leave those who stood for what was right stranded.Congratulations to the AGBADOS