Cost Of Living Deepens As Nigerians Struggle With Rising Prices

ABUJA — Millions of Nigerians say living standards have worsened over the past three years as inflation and government reforms continue to bite.

A Reuters report released today highlights the struggles of workers like Abuja NGO staff Grace Adama, who earns ₦135,000 monthly. She says her salary “stays for just one week” due to rising costs of housing, electricity and food.

Data shows the price of making staple jollof rice has more than doubled since President Tinubu took office. Petrol prices are now *6 times higher* following the removal of fuel subsidy and naira devaluation.

The World Bank estimates that just over *50% of Nigerians lived in poverty last year*, up from 42% in 2022.

Despite the hardship, government officials and investors defend the reforms as “tough medicine” needed to prevent a fiscal crisis. The policies have earned Tinubu the nickname *”T-Pain”* among citizens frustrated by the rising costs.

The presidency maintains that the economy is improving and the benefits of reforms will be felt in the long run.

 

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