“The Breaking Point: Unemployment, Rising Costs, and the Fight for Nigeria’s Future”

Across Nigeria, a storm is gathering—one born of desperation, anger, and unfulfilled promises. For decades, ordinary Nigerians have endured the weight of systemic corruption, rising unemployment, and a cost of living crisis that has pushed many into the abyss of poverty. Today, they are saying “Enough is enough.”

The streets are no longer quiet. Protests are erupting across cities and towns, from Lagos to Kaduna, Abuja to Port Harcourt. These protests are not isolated events; they are a growing movement—a declaration that the people will no longer accept the status quo. But what will happen if the government continues to turn a blind eye? Is Nigeria approaching its breaking point? And what are the consequences if this growing unrest is not addressed?


Unemployment: The Ticking Time Bomb

Nigeria, often referred to as the “Giant of Africa,” boasts a youthful and energetic population. Yet, this demographic dividend has turned into a demographic disaster. Unemployment currently stands at a staggering 33%, with youth unemployment estimated at over 54%. This means that more than half of Nigeria’s young people—the very future of the nation—are unable to find jobs.

Consider this: every year, hundreds of thousands of graduates enter the labour market with high hopes, only to be met with a system that has no place for them. Without opportunities, these young people are left frustrated, their dreams fading into despair. For many, survival becomes their only goal, as they resort to low-paying, informal jobs or migrate in search of greener pastures.

Unemployment is not just an economic issue; it is a national security threat. When people, especially the youth, are left idle and without purpose, they become vulnerable to exploitation. This has already been seen in the rise of criminal activities, from cybercrime to armed robbery, and in the recruitment of young people into extremist groups and militias.

The government’s failure to create jobs is not just a policy oversight; it is a ticking time bomb. Unless addressed, it threatens to destabilise the nation, as growing numbers of disenfranchised citizens lose faith in the system.


The Cost of Living Crisis: Survival in a Broken Economy

While unemployment cripples the potential for income, the soaring cost of living erodes what little purchasing power people have. Inflation in Nigeria has reached record highs, leaving even those with jobs struggling to survive.

  • A loaf of bread that once cost 150 Naira now sells for over 5000 Naira.
  • Petrol prices have tripled, leading to higher transportation and food costs.
  • Essential items like cooking oil, rice, and beans have become unaffordable luxuries for many families.

Inflation in Nigeria is more than just numbers on a chart—it is the difference between eating and going hungry. Parents are skipping meals so their children can eat. Families are reducing medical care because they cannot afford hospital fees. Small businesses are closing as rising costs make survival impossible.

Electricity, once seen as a basic necessity, is now a privilege. Many Nigerians spend what little they earn on generators and fuel, enduring endless blackouts that cripple businesses and stifle productivity. Public infrastructure—roads, schools, hospitals—has crumbled under the strain of years of neglect, forcing people to rely on expensive private alternatives, if they can afford them.

The economic pain is universal, but it is felt most acutely by the vulnerable: single mothers, elderly pensioners, and unemployed youth. Nigeria’s cost of living crisis is not just an economic failure; it is a moral one. A government that cannot ensure the basic survival of its people has failed its most fundamental duty.


Corruption: The Root of the Crisis

At the heart of Nigeria’s challenges lies corruption—a systemic disease that has siphoned billions of dollars away from public services and into private bank accounts. Nigeria is Africa’s largest oil producer, yet the majority of its population lives in poverty. How can this be?

  • Funds meant for development projects are routinely stolen or mismanaged.
  • Politicians and officials award lucrative contracts to their cronies, ensuring that only a select few benefit.
  • Infrastructure projects, from roads to power plants, remain unfinished or non-functional due to inflated budgets and kickbacks.

Corruption is not just a byproduct of Nigeria’s struggles; it is the primary driver. It has hollowed out the economy, destroyed public trust, and widened the gap between the elite and the ordinary citizen. While the political class lives in mansions, travels in private jets, and sends their children to foreign schools, the average Nigerian struggles to afford a meal.

Worse still, corruption has infected the very institutions meant to protect the people. Police and security forces, instead of ensuring safety, have become tools of oppression, extorting bribes from citizens and violently suppressing protests. When those sworn to protect the people instead prey on them, the social contract collapses.


A Nation on the Brink: The Consequences of Inaction

The combination of unemployment, rising costs, and corruption has brought Nigeria to a dangerous crossroads. Public anger is reaching a boiling point, and the consequences of ignoring it could be catastrophic.

1. Social Unrest

Protests, which are currently sporadic, could escalate into nationwide strikes and mass demonstrations. If the government continues to respond with repression—using tear gas, rubber bullets, and arrests—it risks provoking violent clashes between protesters and security forces. This could spiral into widespread civil unrest, further destabilising the nation.

2. Economic Collapse

If unrest disrupts key industries like oil production, transportation, and trade, the already fragile economy could collapse. Foreign investors may withdraw, leading to a loss of jobs and further devaluation of the Naira. This would deepen the cost of living crisis, pushing millions more into poverty.

3. Political Instability

As public trust in the government erodes, Nigeria risks entering a period of political instability. Calls for leadership changes, combined with internal divisions within the ruling elite, could create a power vacuum, leading to uncertainty and chaos.

4. Hope for Reform

On the flip side, this moment represents an opportunity for change. If the government chooses to address the root causes of the crisis—unemployment, inflation, and corruption—it could restore public confidence and lay the foundation for a more stable, prosperous Nigeria.


A Unified Call for Change

Despite the hardships, the Nigerian people remain resilient. They are no longer willing to accept empty promises and failed policies. They are demanding accountability, transparency, and leadership that prioritises the welfare of the people over personal gain.

This movement is not just a protest against the status quo; it is a call for a new Nigeria. A Nigeria where jobs are created not as political favours but as investments in the future. A Nigeria where every child can go to school, every family can afford food, and every citizen can live without fear of violence or extortion.


What Must Be Done

To avoid disaster and seize the opportunity for reform, the government must act decisively:

  1. Job Creation: Invest in industries that can absorb the unemployed, such as agriculture, manufacturing, and technology. Provide incentives for small businesses to grow and hire more workers.
  2. Tackle Inflation: Stabilise the currency, reduce dependence on imports, and implement policies to lower the cost of essential goods.
  3. Fight Corruption: Strengthen anti-corruption agencies, enforce accountability, and ensure that public funds are used transparently.
  4. Improve Public Services: Reinvest in infrastructure, education, and healthcare to provide citizens with the tools they need to thrive.
  5. Engage the People: Open channels of dialogue with protesters and civil society organisations to address their grievances and build trust.

Conclusion: A Choice for Nigeria’s Future

Nigeria stands at a pivotal moment in its history. The choices made now will determine whether the nation descends into chaos or rises to its full potential. The voices of the people are loud and clear: they want change, and they will not be silenced.

The time for action is now. A government that listens, that serves, and that leads with integrity can still steer Nigeria toward a brighter future. But the window of opportunity is closing. If the people are ignored, the breaking point may become the point of no return.

The world is watching. Will Nigeria’s leaders rise to the occasion, or will they fall? Only time will tell—but the people will not wait forever.

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »