Today marks the beginning of our anniversary week (cue the applause, balloons and ribbons). Over the past two years, we’ve brought you articles, insights and data to help you understand the Nigerian economy.
We asked our readers to send in their most shocking Stears charts, and we’ve put them together (with some new ones) to paint a clearer picture of where the Nigerian economy is today.
Food and energy prices are high, electricity is poor, wages are low, and the government is now spending more than it earns on debt servicing—the Nigerian economy is in a dire state.
The tech sector seems to be the only bright spot in the Nigerian economy. Still, the overall picture is pretty gloomy.
When we asked our readers (you) to send us their most shocking Stears charts about the Nigerian economy, we got loads of responses (and counting). So, as a special treat from us to you, we’ve put some of them together (plus new ones) to paint a clearer picture of where the economy is today.
The Nigerian economy is under a lot of pressure, and we can all feel it. Nigerians are under an inordinate amount of stress from the government to the citizens due to the country’s economic state. Here’s why.
We’ll begin with a chart that tells a story every Nigerian is familiar with—poor electricity.
No power, high diesel price; Dark ages redefined
Last week, the grid collapsed again, and nobody was shocked because if there’s one thing we know about Nigeria’s national grid, it’s that it will surely collapse.