A lot more Nigerians are being
thrown into abject poverty ,orchestrated by acute hunger, starvation and lack
of cash, as new days come.
This was the conclusion of an
economist, Mr. Joshua Theophilus while speaking with journalists in Lagos.
He said, “You can see it yourself.
It is really terrible this time. There is no enough money in circulation.
"So,
economic activities are very sluggish. Most Nigerians, especially here in
Lagos, live by the day, implying that it is what they are able to make in the
day that sustains them.
"But when they are no sales, it means, they have to go
to bed in empty stomach. It is a terrible situation that we have found
ourselves”.
When asked to predict the future, Theophilus
said, “ The future even portends more danger as most of the country’s
macro-economic indicators are in red.
" Inflation rate for instance is very high.
Exchange rate too is high. Human capital development and others are
unimpressive”, he concluded.
The high cost of food has made matter worse
for the people, so many said.
We visited Mile 12 International
Market, in Kosofe Local Government , Lagos, and saw that new farm produces including
yam were out.
But buyers said , it was very expensive , out of their pocket.
One of them , Mrs. Ramat Olumide,
(not real name), narrated her ordeal: “Most people cannot eat yam again,because
it is very expensive.
" Imagine , a small sized yam that will not even be enough
for two people to eat at once goes for about #500 . Bigger ones cost about
#1000. Where do we get that kind of money.
" Most people do menial jobs, which
are not flourishing again due to lack of money.
" This government really should
change bearing, because things are extremely hard, especially in this Lagos”,
she concluded.
It is believed that drought in some
places, as well as the security challenge in the North Eastern part of the
country, which has also extended to other parts, have put much stress on food
production.
Nigeria needs $164 million in
humanitarian funding to prevent thousands of deaths from malnutrition in its
war-torn northeast; a United Nations humanitarian coordinator said this week.
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