By Dakuku Peterside
Rome is burning, and Emperor Nero and Roman elites are busy revelling in gladiator rendezvous and despicable hocus-pocus with the empire’s future. The leadership in Nigeria is playing Nero, and the Nigerian elites are side-tracked by the macabre dance of preparing for the next elections.
Whilst neglecting the harsh truth that
millions of Nigerians’ backs are broken by the harsh tripartite economic
realities – hyperinflation, especially food; massive unemployment; and energy
crisis occasioned by the Russian–Ukrainian war in a post-COVID 19 economy.
The political class seems indifferent to the crumbling economy and collapsing
living standards of Nigerians.
These days the average Nigerian may be an economic illiterate or may not be interested in economic indicators, but almost all Nigerians know by impact and experience that the economy’s health is in shambles. You do not need to be an economist to know that a loaf of bread you bought for N500 in June sold for N700 by the end of July or that cost of 10kg of cooking gas almost doubled in a space of four months from March to July 2022.
