Reactions as Nigerians can no Longer Afford a Tuber of Yam - Fatikwealth

Reactions as Nigerians can no Longer Afford a Tuber of Yam

Reactions as Nigerians can no Longer Afford a Tuber of Yam

 

Reactions as Nigerians can no Longer Afford a Tuber of Yam, Nigeria’s economic potential is constrained by many structural issues.  This include inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity.

Mobile Category

Though poor and inconsistent data quality for economic growth and poverty measures affect analyses.

Nigeria’s high unemployment, corruption, and poor educational and health outcomes may help explain why economic growth has not led to expected reductions in poverty.

The Fall of the Nigerian Economy

Nigeria persistent economic problems including rising inflation rate, as well as fall in in the Purchasing Managers Index (PMI). This which is caused by dollars scarcity as well as depressed in crude oil prices are likely to “stifle” growth in Africa’s biggest economy.

The country’s economy shrinks two quarters in a row amid contraction in its oil sector. Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to official data released.

Reactions as Nigerians can no Longer Afford a Tuber of Yam

This economic crisis has now really affected and cripple the common Nigerians trying to make little to no income for themselves.

It has really affected them to the extent some Nigerians where seen cutting a tuber of yam into chucks in other for them to sell to people because they could no longer afford a full tuber of yam.

A slice of yam now being sold for #200 in other for citizens to escape starvation. Thereby showing the rate at which the economic crises has eaten deep into the country.

BEAUTYversary
See also  How to Retrieve your Money After you Have Been Scammed in Nigeria

The pictures below show the buying and selling of yam in slices

Reactions as Nigerians can no Longer Afford a Tuber of Yam Reactions as Nigerians can no Longer Afford a Tuber of Yam

 

What can you say about this and what do you think can be done to avert the continuous rise of economic starvation?

Please comment below in the comment box

 

Read Also: Nigerian police seen taking on peaceful protesters violently today

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Free website traffic generator
0
Would love your thoughts, please comment.x
()
x