Nigerians Prioritize Economy Over Football Amidst Tinubu's First Year
As Nigerians mark the first anniversary of President Bola Tinubu's administration, economic challenges overshadow football discussions, reflecting widespread financial struggles and policy impacts.
On the first anniversary of Bola Tinubu's presidency, bread-seller Abubakar Sheka finds that football, once a popular topic, has taken a backseat. Now, his customers in Kano are more concerned with the rising cost of living and their ability to afford basic necessities.
"Football talk is only sweet when the tummy is full," Sheka, 36, told the BBC amid the morning traffic noise. The price of bread has more than doubled since last May, making it unaffordable for many families as the cost of flour rises.
Economic Struggles
Nigeria's economic situation has deteriorated over the past year, with inflation soaring from an 18-year high of 22% to nearly 34%. The naira's value has plummeted, making imports costly and exacerbating poverty.
Tinubu's policies, including the abrupt removal of the fuel subsidy on his inauguration day, have sparked significant economic adjustments. The subsidy, a financial burden on the nation, was eliminated without immediate cushioning measures, causing a rapid rise in fuel prices and other commodities.
Government's Response
In response to these hardships, the government provided three-month cash transfers of $54 to the poorest families. However, many Nigerians remain unaffected by this aid. Minister of Economic Planning Atiku Bagudu recently apologized for the "pains" caused by these policies but maintained their necessity for long-term stability.
The administration claims that these reforms are essential for stabilizing the economy and fostering growth. Despite the challenges, there have been minor improvements in foreign investment, noted Victor Aluyi of Sankore financial firm.
Security and Corruption
Insecurity remains a critical issue, with the north-west experiencing a reduction in kidnappings but still facing high-profile abductions. The government reports substantial success in combating "bandits" and insurgents, with over 9,300 killed and 7,000 arrested in the past year.
On corruption, Tinubu's administration has shown political will, highlighted by the suspension of Humanitarian Affairs Minister Betta Edu over alleged fund diversion. While some praise these efforts, critics argue more action is needed.
Public Sentiment
For many Nigerians like Sheka, immediate economic relief is crucial. "If things don’t improve economically, I'll have to find another job or abandon bread-selling altogether," he said, reflecting the urgent need for effective policies to ease the financial burden on ordinary citizens.
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