12 articles tagged
Veteran Nollywood actor Chiwetalu Agu has advised unemployed men to refrain from fathering children due to the increasing cost of living, including essentials like diapers and school fees. He cautioned that such men would face greater distress than their children if they cannot provide.
Many residents in Nigeria's Federal Capital Territory (FCT) have reported adjusting their Easter festivities this year, citing increased living costs. The financial strain has led to simpler celebrations focused more on spiritual significance than elaborate activities.
The Christian Association of Nigeria (CAN) appeals to government leaders to show compassion and implement measures to alleviate the financial strain on Nigerians as they observe Palm Sunday.
Many Nigerians are increasingly finding it challenging to cover essential costs including transportation, food, and housing. Rising fuel prices have exacerbated these difficulties, leading to higher transport fares and food expenses.
Economic analyst Chika Mbonu has recognised the Central Bank of Nigeria's recent reforms for enhancing foreign exchange stability and bolstering confidence, but highlighted the severe cost-of-living challenges faced by ordinary citizens as a direct consequence.
Civil servants in Nigeria's Federal Capital Territory are converting their personal vehicles into commercial transport services due to the rising fuel prices. This trend is seen as a necessity to cope with escalating living costs rather than a traditional business venture.
The Nigeria Labour Congress (NLC) has called on federal and state governments to implement wage awards and a cost of living allowance as workers face increasing living expenses. With petrol prices surging significantly, the NLC is urging immediate intervention to support struggling employees.
Comedian Ekene Clinton Egbuna, known as KlintonCod, has openly criticized President Tinubu for not addressing the concerns of Nigerians amidst rising living costs. Following a surge in petrol prices that has impacted food and transportation costs, KlintonCod expressed his frustrations on social media.
Prof. Ademola Adenikinju, former president of the Nigerian Economic Society, emphasizes that many Nigerians are still grappling with high costs for basic necessities despite what official data suggests. He highlights affordability as a significant issue affecting daily life.
A recent discussion on X has ignited a debate about the effectiveness of budgeting in the face of rising living costs. Participants expressed varying views on whether personal spending habits or wage stagnation is to blame for economic hardships.
The rent crisis sweeping through Nigeria has seen prices soar across various regions, with increases reaching up to 150% in some areas. This situation has left numerous tenants struggling to manage housing costs.
The recent shifts in Nigeria's taxation framework have led to widespread misunderstanding and concern among citizens, particularly around new mandates that could directly affect living costs and business operations.
