Key questions this article answers:
The statistics that best describe the performance of the Nigerian economy over the past eight years have shown slow progress, at best. But how does that influence how Nigerians think of the country's direction?
Do Nigerians desire a positive change in the country, and how much are they willing to drive this change by voting in the 2023 elections?
The past eight years have been challenging for Nigerians.
More people have become poorer, making Nigeria the country with the highest number of people living in poverty. Much worse is the fact that two out of every three Nigerians are multi-dimensionally poor, and one in three people willing and able to work can’t find jobs.
Nigerians have also endured two recessions in five years (2016 and 2020), airlines suspending operations and widespread scarcity—of dollars, petrol, and cash (actual money!).
On the business side, the mix of unfriendly policies and scarcity of foreign exchange has repelled investors from the country, with capital importation being the lowest since 2016. This, among other things, has slowed Nigeria’s growth in the past few years. Going by Stears’ review of President Buhari’s economic legacy, the last eight years have been the worst of the Nigerian economy in two decades.
So, it’s natural for Nigerians to be fed up. But how much are they willing to change their current situation in the upcoming elections?
In this article, we'll look at data from the just-released Stears poll to understand how badly Nigerians desire a change. To do this, we’ll look at what Nigerians think about the direction the country is headed, and then how eager they are to change or retain that in the coming elections.
A good starting point in looking