Where is Nigeria’s Thriving Middle-Class in 2021? The Youth Want to Know
Courtesy Adedire Abiodun

Where is Nigeria’s Great Middle-Class in 2021?

Where is Nigeria’s Thriving Middle-Class in 2021? The Youth Want to Know.

A truism of economies is they thrive when they have a large stable middle-class. In the mid-2010s, one of the most aggressive facts promoted about the Nigerian economy was that it had created a large and thriving middle-class. Many observers were skeptical but were called naysayers.

Today, we are all concerned about the future of our economies, which has become incalculable because of the uncertain impacts of COVID-19; rising inequality, growing poverty, upward concentration of wealth, and climate change. Nigeria is facing such concerns and has a serious youth immiseration and deprivation problem. The culture of youth neglect has never been so insensitive. And yes, the middle class and the less well-off are the hardest hit. Upward mobility for the youth has become a phantom. (more…)

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The New Economy After Covid

The New Economy After Covid: If you are in the lower and middle income brackets.

As we approach the uncertain aftermath of the COVID-19 pandemic, many developed and developing societies remain shaken, disrupted and precarious. Jobs and austerity are the main tacit or stated socioeconomic fear of most people. The political economy of despair we are witnessing never enters the perception or the historical heritage of a nation, place, or people with positive reception.

We accept COVID-19 as a global pandemic is a tragedy. Most will survive it, but the death toll remains staggering, and the caused disruption colossal in many countries. Our daily transactions, interactions and relations between society and the economy rely on may cease for an indefinite period, but for how long? (more…)

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