As Nigeria slides into recession the local currency lost about 43% purchasing power.

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As Nigeria slide into another recession, the economic socialogical and emotional effect has to be discussed. The huge rise of inflation is one obvious thing around Nigeria presently as inflation jumped by more tha 30%,

Would be using the Professor steve hanks measurements to see effect of financial activities. The government has always reported low rate of inflation which has been the attitude of officials to hide away figures. The central bank of Nigeria statistics and the bureau of labour statistics has been used to measure the inflation.

The government of president Bihari has always promise to clamp down on corruption per say but the president is surrounded by corrupt brute individuals who has history of corruption or have a case or two in Court example is the maina who stole from the pension fund he ask to reformed by the previous government, the present government of Muhammad Bihari reinstated him until he was suspended when people raise their voice, anotherand facing trial though a sluggish one.

A cases is the governor of Kano who was filmed collecting from contractors and putting it in his pocket, while the governor has immunity and can't face trial presently as a sitting governor, in 2019 the president raise his hand in support of him to seek relation in office is that fighting corruption or romancing it?. Corruption is a big pinnacle which Nigeria has moved 3 step down in the global rating for corruption

The above video and several others showed how the governor receive bribe, how an investigation was commenced by quashed by a court order due to some sort of immunity. That's is the way how shameless the leadership is.

In 2019, president Bihar raise the hand of the governor that people should vote for him is this sane? And how does one fight corruption when people you are surrounded with are kleptomaniac who careless about the people.

Nigeria are not happy presently as the situation of a wild protest that occurred around October in 2020 it has to bring the use of military and force to stop the protest , presently the northern part of Nigeria is not save as bandits, headsmen and kidnappers take over the northern west and part of North centre, while bolo haram dwell in brute in the North east, the president visited Maiduguri the capital of Bornu where he had 92% of the total votes casted in the state but was booed . Entering another recession in 5 years the worest in over 30 years is frustrating, the ineffective ability to address the nation on live TV is something that some people believe he is a Clone . His action toward events that are gruesome that occur around the nation make people to dislike the government has government increase taxes and live at large on tax payers money.

Another rise is unemployment as it has been a consistent thing that hàs occur since te begining of this government, more job has been lost than ever before. Entering a new recession may bring about more unemployment it's always inevitable as price of commodity goods and services sky rockets.

The working class set of people are even underemployed as 80% of income goes to feed a family of 4 at times alot have to struggle and denial alot of things just to make ends meet.

The inflation increase is very much obvious when you pay a visit to buy things, onion is now consider the new gold in Nigeria as the price jumps more than 200 percent as farmers complains of kidnappers , bad roads and demonstration as a measure of fears which limits people, Nigerians loves cooking with spices and most Nigerians have to neglect it and few people purchase the present one.

Sanitation and health care is at its worest as the Bihari government budget very low into health , while he was sick he prefers going abroad for medical tors than making the ones at home bad, the first lady once complain how the clinic in aso rock ( the government House) does not have any medicine pathetic isn't it.

Corruption has been a bedrock of the Bihari administration as a lot of people complai s about the sick macroeconomics, the Nigeria land border has been close for over a year now this as been on of the painstakingly issues that has occur, which has drove prices of items ,the CBN ( central bank of Nigeria ) governor has been blocking accounts of the leaders of the #Endears protesters labeling them as terrorist and while Nigeria slid into another recession and the Nigerian naira gets weaker and weaker sadly the Nigeria naira is trade at 500 to a dollar today .

Most Nigeria are not happy that change if government is still take a lot of time, as brute force are being used on people who says out their displeasure. Over 80 millions Nigerian live below $1 day. The leadership issues has made a lot of things go worse and we have a leaders that don't accept responsibility that love the blame game blaming others for there mishap.

Alot of people are now taking their money and investment out of the naira to other currency and as I have had the intentions as my last article to own at least 10BCH before the end of the year I'm working towards it and also promoting BCH locally .