Who Can Tell Mr President cost of living is unbearable? -By Abba Dukawa

It is clear this is not the country our founding fathers dreamt of. this is not the country any Nigerian can proud of. We have witnessed a systematic decline in everything we once held dear and took for granted. You will agree with me we are where we should be as a nation. Than General Muhammadu Buhari on the decay of infrastructure and social value in Nigeria made the statement in 2012.

Who Can Tell Mr President cost of living in the country is unbearable that more than 2/3 Nigerians are below the poverty line in the past 71 months. The corrective Administration” came to power through change mantra on May 29, 2015. Nigerians welcome the change mantra administration with unprecedented enthusiasm hoping for progressive change for better.

In spite slow pace action of the administration on the matters affecting country well being but no administrations in the country enjoyed citizens goodwill like the present administration believing the successor administrations bastardize all available opportunities to made the country great.

Six years down the line the adminstration still characterised with insecurity, banditry, kidnapping, economic recession and other untold hardships. it has become clear that the change is not forthcoming to the expectations of Nigerians.

At 21st century Nigerians still languishing in extreme hardship; daily survival has become an uphill challenge and what people are going through in the country is reaching the highest apogee since the late 80s. All these were happening under a “Corrective Administration”

So to speaks always history repeats itself but Prof Barbara Tuchmann of Harvard University, USA arguing that history does not repeat itself; man does. Considering the ways things happens in the country This clearly resonated with Barbara’s view that History has already recorded that In 1984, inflation reached unprecedented heights; workers purchasing power declined precipitously.

There are different views on the cost of living in the country experience by citizens other blaming government for doing nothing to control the damaged cause by heartless action of hiking commodities’ prices by manufacturers and good sellers because the administration officials do not know where the shoe pinches since they live in comfort zone but the costs of goods are expensive for the common man to afford.

in spite rising inflation taking its toll on families, because Nigeria’s inflation rate contradicts global trend of inflations from Europe, US, Asia and Africans. To prove this contradiction with global trend of inflation. Recent I went to purchased some essential commodities at Sabon Gari market at certain price and after made the payment. I have decided to add some good just within 5 minutes of my earlier payment the price has increased to all N2000 at once.

And to be fair, I have came to term with reality that theses commodities smaller are really monsters that behind all these hardship peoples are going through. Prices increments on daily basis is a clear indication that they are architects of the myriad of problems bedeviling poor Nigerians in fact it’s seem the current commodities hike are artificial very unfortunate.

The administration had genuine intention to restructure the agricultural sector , but It seem the policies were not being implemented with a human face because the administration not feel for Nigerians in this kind of abject unfold hardship. Who can remind the President, Food and Agriculture Organisation of the United Nations warned that Nigeria is on a looming acute food crisis? Government officials are not seeing the danger or intentionally distorts the reality either on self survival or just to be sweet-mouths to the number one but in simple term deceiving number one.

I wonder why in the 21st Century till Nigerians are talking about daily survival which in normal circumstances there is no any reason for Nigerians considering the country arable land which suite any type of farming. Nowadays Ghanaian, Nigeriens, Togolese, Ivorian, Burkinabe and Beninese has passed the level of hunger and can afford three meals per day. Nobody has yet told the President, then he must hear this still Nigerians are crying of food prices beyond of their affordability. To be fair the problems are two ways round that contribute to this catastrophic stage.

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Let truth be told, for NBS to claim the rise in inflation has been slower, many Nigerians are asking if those working in the NBS come from the moon not in Nigeria. The price of essential commodities almost gone up by more than 100 per cent. So, Nigerians ask the NBS, what metrics did they use?”

Some economists and other stakeholders have dismissed the position of NBS, which they said needed to do more to convince Nigerians, especially those rely on their data for research and critical decision-making, that the figures are not doctored to achieve a predetermined objective.

Finally, With worsening insecurity, alarming unemployment, with absence of proven economic drivers, many Nigerians, though with vast and varied opinions, seem to agree that getting on with their daily lives has been pretty difficult, and indeed the country is teetering dangerously on the edge of the abyss.

However, There is need for the administration to reduce the level of poverty in the country and it should mitigate the effects of inflation.

Last We Forget

International Monetary Fund (IMF) expert suggests that demand for deposits in Nigerian commercial banks may reduce due to the introduction of eNaira. currency’s heavy reliance on digital technology warrants the need to adequately manage cyber security and operational risks associated with the digital currency. IMF report further explained that eNaira wallets might effectively function, as a deposit at the central bank, resulting in a decline in the demand for deposits in commercial banks. There is need for the administration for thorough scrutiny national monetary implementation, in order to rejuvenate the economy and save it from total collapse.

Dukawa wrote in from Kano.