Nigerian Doctor Living in The UK Shares His Thoughts on Nigeria’s Current Economic Condition

Date: 19-01-2025 12:29 pm (3 weeks ago) | Author: kacy lee
- at 19-01-2025 12:29 PM (3 weeks ago)
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Nigeria's middle class is facing significant challenges due to recent economic policies and reforms. The removal of fuel subsidies and the devaluation of the naira have led to increased inflation, eroding the purchasing power of many Nigerians. This situation has been described as a "relentless assault on dreams, aspirations, and the very fabric of the middle class."


The cost of living has surged, affecting various aspects of daily life. For instance, Lagos, known for its vibrant nightlife, has seen a decline in activity as residents cut back on leisure spending due to economic constraints.

 Additionally, the healthcare sector is experiencing strain, with medical treatments becoming more expensive and some pharmaceutical companies withdrawing from the Nigerian market.


Prominent figures have voiced concerns about the nation's economic trajectory. A Nigerian medical doctor based in the UK has shared his thoughts on this current economic collapse. While sharing his thoughts the medical practitioner said: This is a deliberate annihilation of the middle class

 Similarly, editorials have highlighted the erosion of the middle class as a stark indictment of the nation's policy framework, urging for a recalibration of economic strategies to balance fiscal responsibility with social welfare.


While some argue that these reforms are necessary for long-term stability, the immediate impact on the middle class has been profound, leading to debates about the best path forward for Nigeria's economic recovery.

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Posted: at 19-01-2025 12:29 PM (3 weeks ago) | Addicted Hero
- Dopybadass at 19-01-2025 12:47 PM (3 weeks ago)
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Somebody wanted to buy me a car for Uber services, cos I told the person am a driver, but the person couldn't anymore because he said the price of car now in Nigeria is way bigger than his budget, shey una dey see how this country dey frustrate me, dear God please I use God take beg you, in my next life please don't put me in Nigeria, please dear God  Embarrassed

Toyota Corolla wey dey sell for 2.5 million approximately two years ago, now that same Corrolla is up to 9 million naira now in nigeria, so which person go use 5 million naira amawe 9 million take buy motor for person this period  Grin
Posted: at 19-01-2025 12:47 PM (3 weeks ago) | Hero
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- fineboy77 at 19-01-2025 01:03 PM (3 weeks ago)
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This is not crazy, its scary !

Posted: at 19-01-2025 01:03 PM (3 weeks ago) | Addicted Hero
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- gogoman at 19-01-2025 01:51 PM (3 weeks ago)
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sebi una say car not dey appreciate  Grin Grin Grin
Posted: at 19-01-2025 01:51 PM (3 weeks ago) | Grande Master
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- angesco at 20-01-2025 08:13 AM (3 weeks ago)
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If Kemi Badenoch had said this - Nigerian politicians would have a SLEEPLESS NIGHT!
Posted: at 20-01-2025 08:13 AM (3 weeks ago) | Gistmaniac
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