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

A truism of economies is they tend to 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 sceptical but were called naysayers. Today we are all concerned about the future of our economies which has become incalculable due to 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. And yes, the middle class and the less well-off are the hardest hit. Upward mobility for the youth has become a phantom.

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