Nigerians Moan In Hunger Despite Inflation Drops

Nigeria News take a look at the inflation drops and the rising cost of living.


What matters to an average Nigerian now is having the financial capacity to live good standard of life. It is obvious that most Nigerians are tired of reading figures and use of economic languages on the pages of newspapers.


The prices of commodities are rising on a daily basis yet the minimum wage of workers have remained perpetually at N18, 000 per month. The cost of living is high with attendant high costs of accommodation and education.


It is over a year now that the litre of petrol has jumped from N87 to N140 while a litre of kerosene, the household fuel is sold between N150 and N200 at present. The price of cooking gas is unstable with the smallest cylinder sold between 1, 200 and N1, 500.


A tuber of yam costs between N600 and N800.  However a bowl of Gaari fell from about N1, 000 to N500.


Food allowance has increased tremendously at various homes to the extent that some wives have to kill their husbands for failing to provide for the family.


Hundreds of marriages had broken up during this period of economic recession while many children had dropped out of schools for lacking the funds to pay their fees.


Despite all these challenges, the National Bureau of Statistics had continued to provide solace on the pages of newspaper through its monthly reports.


Last week, NBS said that Nigeria inflation, going by the Consumer Price Index had dropped to 16.05 per cent in July. It stated that the inflation had dropped for six consecutive time since January, signifying an improved economy.


However, on food inflation, the rate had continued to increase from over 19.9 per cent to over 20 per cent. The price of agricultural produce is rising despite the government’s economic diversification policy.


Many state governments still owe workers’ salaries and allowances. The Nigeria Labour Congress, NLC came up with N56, 000 proposal as new minimum wage but two years after, the Federal and State Government have refused to attend to their plights.


Though the Minister of Labour and Employment, Dr. Chris Ngige said that government had set up a Minimum Wage Review Committee and that it could not start work because one of the stakeholders, the private sector had failed to come up with its own representatives in the committee.


He said that the government had three representatives, which include himself, the Minister of Finance, Kemi Adeosun and the Minister of Budget and Planning, Senator Udo Udoma.


Currently, the Academic Staff Union of Universities, ASUU are on indefinite strike over issues relating to salary and welfare of lecturers. Students are at home with no sign that their teachers will call off the strike.

The implication of students staying at home is that the cost of feeding will increase and of course it is an additional responsibility for parents whose salaries are meagre and irregular.


Perhaps that was why the former Governor of the Central Bank, and the Emir of Kano Alhaji Muhammad Sanusi noted in his Sallah message that Nigerians cannot afford a good living standard at present.


He challenged the government to wake up and find solution to the current economic crisis that had infused poverty into the life of many Nigerians.


Also, the Emir of Ilorin, Sulu Gabari urged the government to stop campaigning about inflation indices but ensure that foods are provided for Nigerians whose salaries have been inadequate over the years in spite of the growing cost of living.

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