Nigeria is on the brink of collapse, with every sector seemingly nearing failure and no new policies in place to benefit its citizens. The nation faces an imminent famine, as food production plummets and bandits increasingly target farmers. The federal government has neglected Nigeria for too long.
After the removal of the fuel subsidy on May 29, 2023, the price of fuel surged from 170 Naira to 800 Naira, yet the average Nigerian has seen no tangible benefits from this change. Despite enduring these hardships, the Naira's devaluation from 460 Naira to 1,565 Naira has led to severe inflation affecting goods and services. Additionally, electricity tariffs have been raised from 66 Naira per kWh to 225 Naira per kWh.
The government has also pursued costly and impractical projects, such as the 700 km coastal highway estimated to cost over 15 trillion Naira, despite claiming the economy is struggling. This disregard for citizens' needs is evident, as the cost of living becomes increasingly unaffordable.
The current administration has failed to improve the standard of living, with no advancements in free healthcare, quality roads, or education. Instead, it appears the masses are being burdened to cover the excesses of the political elite. For instance, the government spent $100 million on a presidential jet while the Ministry of State for Defence recently disclosed that the armed forces require 600 billion Naira annually for ammunition. Given Nigeria’s status as the poverty capital of the world, with more out-of-school children and over 40% food inflation, it seems more prudent to invest in feeding the population rather than purchasing ammunition. Addressing hunger could reduce crime and improve living conditions.