Zoological Republic Currently Experiencing Worst Economic Crisis In A Generation, Leading To Hunger

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Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger.

A litre of petrol costs more than three times what it did nine months ago, while the price of the staple food, rice, has more than doubled in the past year.

These two figures highlight the difficulties that many Nigerians are facing as wages have not kept up with the rising cost of living.

Like many nations, Nigeria has experienced economic shocks from beyond its shores in recent years, but there are also issues specific to the country, partly driven by the reforms introduced by President Bola Tinubu when he took office last May.

How bad is the economy?
Overall, annual inflation, which is the average rate at which prices go up, is now close to 30% - the highest figure in nearly three decades. The cost of food has risen even more - by 35%.

However, the monthly minimum wage, set by the government and which all employers are supposed to observe, has not changed since 2019, when it was put at 30,000 naira - this is worth just $19 (£15) at current exchange rates.

Many are going hungry, rationing what food they have or looking for cheaper alternatives.

In the north, some people are now eating the rice that is normally discarded as part of the milling process. The waste product usually goes into fish food.

Widely shared social media videos indicate how some are reducing portion sizes.

One clip shows a woman cutting a fish into nine pieces rather than the average four to five. She is heard saying her goal is to ensure her family can at least eat some fish twice a week.

What is causing Nigeria's economic crisis?
Inflation has soared in many countries, as fuel and other costs spiked as a result of the war in Ukraine.

But President Tinubu's efforts to remodel the economy have also added to the burden.

On the day he was sworn in nine months ago, the new president announced that the long-standing fuel subsidy would be ending.

This had kept petrol prices low for citizens of this oil-producing nation, but it was also a huge drain on public finances. In the first half of 2023, it accounted for 15% of the budget - more than the government spent on health or education. Mr Tinubu argued that this could be better used elsewhere.

However, the subsequent huge jump in the price of petrol has caused other prices to rise as companies pass on transportation and energy costs to the consumer.

We're Indigenous People of Biafra struggling for our freedom from the eastern part of Zoogeria [aka Nigeria] - West Africa. We are known as Biafra, the Jews origin of lost tribe of Israel. Our battle cry came as a result of been marginalized by foreign Fulani Janjaweed migrated. The battle is a fight to refuse to be relegated to the background by low profile corrupt political class. We aimed to stop them before they stop us henceforth. The name of our leader is Mazi Nnamdi Kanu facebook.com/watch/MaziNnamdiKanuTheLeaderIPOB