Topic: The current situation in the country Nigeria. (Read 485 times)

This thread was created when Nigeria was facing a very hard time. There was no cash in circulation, the country was forcing its citizens to embrace cashless economy while things were not put in place. There was no money in the bank and people will queue for 12hrs only to go home without cash. There was also a problem of bad network to make mobile network transfer. Little did we know that what happened then was an introduction to what we are facing now.

The problem of Nigeria is complicated, even the election that OP mentioned was conducted and the judiciary installed another candidate against the vote of the masses. This was when I gave up in Nigeria matter. Once the common man is deprived his ability to choose his leaders, it is finished. The corrupt politicians use the masses money to keep themselves in power.

I am confused. Did you mean people with not enough funds to open a bank account?


So the bank was just down? How long was the bank inactive and inaccessible for you to question the credibility of your leaders already?

Isn’t this just a temporary issue that can be given a solution with time? I mean if the hospital needs the payment from the bank they can definitely wait for a little more time if needed.

I looked at the time this was written and discovered that it wasn't even this year. If someone had told you the year 2024 was going to be the way we see it now, you would have thanked God for how things were last year. The hardship is increasing day by day you say, and that little increase of bad to worse has led us to this point.
Things may continue in this format, but the way I see it you may either continue to complain or learn from it and move on.

The economic situation isn't stopping you from being financially free. That's the goal every day, not some economic constraints caused by poor government decisions. Even in the worst kind of situation in Nigeria, there would still be some people who are not bothered about anything. I want to be those people and you just try being like those people too.

Saw that your government's even more vile, and dare I say even more fucked up than the corruption that the Philippine Government is doing upon its people. Politicians literally getting hired because they appeal to the public's humor, and many other preposterous reasons why people are getting seated at positions of power.

Also saw a fucking disgusting Tiktok video of someone (and correct me if I'm wrong about this) who is at the seat of power in a country within the African continent bragging about his watch collection, costing him tens of millions of dollars in total, and here I am lying down on my bet pimply-butt-naked thinking "why are these people proud that their leaders could afford this kind of shit when they can't even have working water stations/systems to support their citizens and the farming sector?"

You guys should really be a little bit smarter when it comes to voting for people, just cause they are famous doesn't mean they have good intentions, pick those with good track record, is really into public service, and someone who's not going to take advantage of the power that they are given.

A country will be destroyed if the people no longer care about the government system in their country, as happened in Nigeria, where the people no longer care about the political situation and government in their country. They forget that every policy, including economic policy, depends on the political policies issued. And they forget that society has the function of monitoring the government and every policy it issues. Society's insensitivity to the political and economic situation, as well as the government's inability to provide solutions to every problem that occurs in society, will further worsen the situation.


In my opinion, selecting and appointing leaders from the lower classes (poor society) is not the solution. Because greed can come to anyone, whether rich or poor, and maybe poor people will be more greedy than rich people. Because he did not want to return to suffering and poverty, during his time in office he tried to reap as much profit as possible, by abusing his position and committing criminal acts of corruption.

What I wonder is that every time we encounter difficulties, we always blame the government, but ironically the government is the people we nominate. Time and time again, generations of governments have been elected by us, but not once have we stopped complaining about our choices. So is it entirely the government's fault or are we also contributing to the difficulties we are facing?

I know that in an underdeveloped country, most of the responsibility lies with the government because they are too weak in promoting the economy. But in a country and around us there are still people with quite good lives, so if the fault lies entirely with the government, why are the people around us still very satisfied with their lives?, and we don't?

That's true and what's funny is that we people still keep on doing it. Sometimes not intentional thinking the new leader will also be good as the previous one if the previous one is also good, or it will be better than them if not.

A wrong leader is the ones that will only think about their own stomach. When we say stomach it does not only mean about food (just to clear out those who won't get it) but it is only just a sample term. Government can only get a bad impression but they are not going to suffer in terms of personal life because they already secured the public funds apart from the huge salary that they can get during their term.

Choosing the wrong leader in a country will indeed have a very bad impact on the people and this actually does not only apply to countries like Nigeria. But this also applies to other countries in the world because every country leader does not only think about his own stomach, but he also has to think about how to make the country develop and become more advanced by relying on state revenues and existing infrastructure. Because if we think about the bad impacts, of course it will be more directed at the people in the country itself, even though the government will also feel the same way.

Nothing much is going on in Nigeria. Economic issues and inflation are global problems it doesn't imply to one country alone. Nigerians just like other countries are facing such challenges and only a few persons can be able to hold their emotions without expressing them publicly. OP, is a typical example of such citizens with fear and lack of control. I don't see anything new happening in Nigerian that is not happing in other countries in the world. Death, rich and poor, fight for power, failed government with false promises, favoritism and so much more. We are humans and we bound by these humanitarian curses. Quote me wrong if any country is the best and have not faced these problems at all

Nigeria is a Middle Eastern country that has been plagued by rebellion for decades. Many of the people there are hungry because people's income level is very low, so there are frequent robberies and even kidnappings under the pretext of ransom, even without any discrimination in carrying out their actions, in 2014 they even carried out their actions. The kidnapping of more than 1,600 students and their aim was none other than asking for money. Until now, the country of Nigeria is being squeezed on all sides, both economically, security and there are even areas where there is still no electricity. Hopefully there will be donations from crypto billionaires to help the people there

Our people can't understand these basic things that these kinds of leaders only try to make themselves rich.In most of the cases either they are a part of world plan and they work on that or they want to get themselves rich.In both the cases they don't bother what people are going through.

We could take a stand against them and try to select a leader from the poorest background so that he can understand what people are going through and he will be the best person to advise solutions for that. Don't go after these kinds of selfish leaders if you want to survive.

The situation in Nigeria is really bad. Their government and administrative system is really bad. Because of all this the people of their country are suffering so much.  Nigerians make the wrong decisions in the election of their leaders time and time again and pay for it in the long run.  It is really sad because the election of a wrong leader puts the whole country in danger. Hope they don't make this mistake in their upcoming elections and vote for the right leader.

Finally some good news popping out about Nigeria and it would be really great if this happens as Nigeria is already a place everyone would like to live if not for the ongoing corruption which has caused hardship because the nation has everything like fertile soil, ground water, large number of young population and rich minerals, all it takes is a good and sensible governance.

I appreciate you bringing up this subject as it's very important people are reminded of and never forget the kind of atrocities that are going around different nations across the globe that don't happen in most other places.

I've read/been told that some of Africa's poor nations are being heavily controlled by China and Russia in the "background".  I'm curious of everyone's thoughts around that?

It's good that governance in the country is 8years just as other countries do have their own tenure arrangements and if changes don't happen in a positive way during the first four years of a sitting president, it is possible to have another well deserving candidate become president and help turn the situation in the country around.

What I see as an issue, is the fact of not having one mind as citizens in a country.
Things are supposed to be better if everyone could help in their little way and not be afraid to do so, fearing death threats or kidnapping or robbery or something bad that happens to good people with good national interest of advancement.
As citizens of the country it is better to focus on getting better at whatever skills you have and try to increase your ability to earn, by so doing, issues like the pregnant woman mentioned would be avoided if you had the money and did the transfer to save her, let it be that it was the money that was the real issue and not the absence of good medical staff on duty or good operating machines and tools.

Good suggestion dear,but personally I think the citizens/individuals in Nigeria are trying thier best at every given time during elections to execute judgement appropriately as they should on their behalf.They constantly witness their problems year to year without been solved,and  they're constantly been neglected by the government.

To be honest here,the political systems and agenda of the Nigerian government cannot proffer solid solutions to this crisis in Nigeria.Its very essential to have a leader in one way or the other,but in aspects that involves your wellbeing and livelihood,consider yourself as your the head;be your leader and follow your lead.Even if  it costs you,ride on with patience,wisdom and consistent sacrifices.Ensure to you make progress to learn,unlearn and relearn from the weakening economic.

When the government is doing well, it will be a good thing we also talk about their good like what the new administration is doing to make sure they eliminate the hardship the past administration has caused in Nigeria.

You can see that, there is a steady network to carry out any transaction compare the past administration that made many people to lose their love ones because they didn't have network to access their transactions that caused the damage.

If what this new administration is doing now, to stop those foreigners using dollar to fight their local currency, I believe in 5 years time Nigeria will be a country everyone will like to live.

Believe it or not but price of commodities around the world has all gone up thanks to the war in Russia-Ukraine which has a spiral effect of increasing gas pump prices and other commodities in turn are indirectly affected..as human's we are survivors and I believe our friends in Nigeria will survive this hurdle.

I find this hard to believe, don't doctor's go by the oath of human life first before anything...
if this really happened find a way for the affected person to take legal address to see how they can be helped...

The problem is waiting for a miracle from politicians which is the wrong approach, these don't owe anybody a life which is why people need to hold the bull by its horns and find means to put food on the table .

Doctors Without Borders is Médecins Sans Frontières, a French NGO that is funded by more than 50% just by private donations from US and Germany.
Save the Children is a UK NGO, that got 1 billion in funding from US alone.

Kind of ironic to see that the only good examples are still run by the ones the population blames for everything wrong.

I've heard of some Nigerian groups who are striving to make a difference, despite significant hurdles. For example, I've read about an organization called "Save the Children" that is striving to improve healthcare access and nutrition for Nigeria's children. I've also heard of the work of "Doctors Without Borders" in Nigeria, which provides medical care to those in need. These are only two instances of groups making a difference; there are many more. So it's vital to remember that even modest adjustments may have a tremendous impact, and that everyone has the ability to make a difference, even if only in a small way.

Such heartbreaking incidents really touch our tender hearts.  Leaders will only get their votes when they need them.  During the elections, every leader goes door to door begging for votes from the public. And during elections they promise that they will do everything for the people but when the polls are over the people don't get any help even when they go door to door. This is the current political situation. We can only pray for Nigeria from such situation.  May God remove this far-fetched state of Nigeria.
Pregnant mother died in hospital for cash only. There can be no sadder news than that. The doctors of that hospital should be ashamed for taking the lives of two people just for money. It is our prayer that God restores the situation in Nigeria. 

Recently I was reading news article, the cash shortages have made  life even more difficult in Nigeria, where 63% of the population is poor, 33% is unemployed an only 45% of adults had a bank account, according to world bank. The crisis has added to the woes of surging inflation and a weakened currency.

Everyone has been stranded. There is no hope of survival, everyone is running here and there and looking for shelter. There is no electricity, no water, you cannot go out to the street to buy food. There is nothing you can buy and even the cash is not there. These politician seems like they don't value to the country's people. They don't care about anyone.

It's important for each country to have a great leader, not only for their own but also who cares about the sake of its people. Unfortunately this wasn't easy and this is why many countries are still suffering and slow in terms of developments. Its been a long time since the country of Nigeria is known to be one of those underperforming countries in terms of other aspects because there are still aspects where they can excel.

People on this country are very literate when it comes to computers. Their new law can be great to frustrate those politicians who are not performing their duties well. People on this countries only need to vote wisely next time if they still want their country to improve.

For this very situation Mr Satoshi has given us a way to be free from the que in front of bank stop wasting our time. If peeps in Nigeria come together and ask for better infrastructure then it could change many things for them. I am talking about basic necessity of internet, cyber café or smartphones. Considering the fact that you are able to post here you must be having proper internet connection and access to multimedia device.

That is all is needed for every person in the Nigeria so that they can start using bitcoin. Imaging if from merchant to Retailer to consumer everyone starts tagging stuff in bitcoin (without converting to fiat) then they can raise the standard immediately and earn huge along the way.

They won’t be needing any sort of bank. They have chance but they should take it wisely.

I am sorry about what is happening in Nigeria. But I think the problem that Nigeria is currently facing is the result of the government being too hasty in deciding to issue new money. without preparing everything to overcome all the impacts and problems that will arise afterwards. and inappropriate timing is also another problem. namely because there is currently also preoccupied with holding presidential elections.

An example of a step that is considered too hasty is like in October 2022 the government there informed the public that there would be a change of old banknotes to new banknotes. so the government appealed to the people there to save their money and cash savings in the bank.

And this call should have been made when the government was fully prepared to distribute the new banknotes. however, it turned out that this call was actually made when the government was actually not fully ready to distribute the new money which he said was ready to be circulated. but it turns out the distribution is running slow. so that the paper money crisis began there. and causing queues at banks and at ATMs and such. people already save their money in the bank and they have difficulty accessing it. I read a lot about Nigeria lately. I do not know whether the news that reached me is true or not. please be corrected by users from there if I say the wrong thing.

I hope that all the problems that are being faced there will be quickly resolved and get better solutions and improvements for the future.

That advice might be solid, but the situation in Nigeria (regardless of whatever factual errors OP made) is an economics topic, and I for one am always interested in hearing about what's going on in parts of the world that never get coverage on mainstream US news outlets, which is pretty much the rest of the globe unless there's some kind of war going on that might affect Americans.  So I say keep this thread right here, and hopefully it'll be a decent discussion.

Yeah, I just saw another thread about Nigeria in which the death of the pregnant woman was brought up.  It wasn't clear to me how the long ATM lines and her death were related, because her husband was, or could have been, standing in the queue instead of her.  I wasn't even sure she was in that queue to begin with.  In any case, I gave my opinion that it sounded like sensational journalism, trying to persuade the public that there were a rash of deaths because people didn't have immediate access to their cash.  I seriously doubt that's the case.

Nigeria is experiencing hardship because of they governance in the government of the country, from what i have noticed so far what caused the hardship in Nigeria is not basically for economy of the country but it base on newly established law used to frustrate some politicians because of the election of her country, so therefore it's only the new government that will emerge will happen to fixed the country.

This is just bullshit!
You can say anything about how crappy the banking services, are and how bad the timing is but to pin the death of a pregnant woman in a hospital on the banks is just stupid. Imagine you would be in a car accident and before rescuing you the ambulance would check if you're insured or demand you to transfer money before they take you to the hospital, at least 20% of the daily care fee, book your hospital on bookingdotcom, I can already see the advert.

This is all the blame on the doctors and here they would be immediately fired and never allowed to practice again, plus slapped with so much damages to pay to the family that they will end up on the streets. I don't know if this really happens it's an exaggeration, it has a bit of truth but the rest is false, but in case it did really happen like this then that country has much bigger problems than a cash shortage.

When I see some posts like this online regarding my people, I wonder how the lies are formulated without guilt. Even with all the things happening, there are some things that are far from the truth. How can a bank transfer delay make someone lose their life in a hospital? Posts like this annoy me because it shows how our people are still the ones spoiling our reputation. 

I agree with you on this one mate and it's no longer news to us and I think we also need to draw the attention of some Nigerian users who aren't aware of the presence of the local board as critical matters like this, is already too shameful to air out to the general public.

We also hope that this thread gets moved to the local board and if there is any help that could be rendered with regards to helping aid the relief of pains and hunger in the country will be encouraged and done through a more reputable member.
Thanks

I know how you're feeling right now, and we can feel it. We can feel it to the point that you are just making a thread here out of your emotion.

There has been lots of articles regarding corruption are being spread in the internet, and it looks like there is no solution still on what you're experiencing right now. It's very unfortunate to see people suffering from these corrupted government officials, but there's nothing we can do, but to just pray for your safety maybe.

Election time is time for you citizens to pick for a better leader. To pick a new administration that will help you and your country to what you are experiencing now. Use this power of you to pick a good leader, and maybe somebody move this to the Nigerian Local section if possible. Can't help you OP, but just stay strong.

It's very dishearting what is going on in Nigeria, how much suffering the people have got to endure and the trauma of not having much of a say given that, the laws aren't being as effective as we would have hoped due to corrupt practices.

This is apparently not the first time Nigeria is doing a rebounding of its currency noyes and yet, the notes aren't been readily available for the citizens. Even with the fact that, the CBN is actually dispatching this catch to the various banks there is but, the corruption which have rooted in the minds of those in administrative officers have given them the idea of profit over where you work rather than serve the public. You have these guys swapping these notes at a deal behind closed doors just to get a percentage.

The idea of rebounding of notes goes from reducing the rate at which individuals are hoarding currency to ensuring looted funds by politicians and those collected in ransom by criminals are rendered unusable but, somehow these guys are still finding there way to swapping these notes and thereby, the people just suffer the scarcity for no reason.

You can rest assured, whatever leaders you have will simply screw you over in similar ways, I doubt the opposition parties have much to offer that could get Nigeria out of this predicament. Unfortunately this is often what happens when your country just keeps on growing beyond the resources it needs to sustain itself and all the people of Nigeria actually hold some blame in this matter. This is not a problem solely in Nigeria, but lack of contraception usage and having far more kids than you can look after is somewhat irresponsible too. Using them as your retirement plan is often the case in developing countries but it can make economic problems much worse if many people will not have decent jobs when grown up.

The current situation in  Nigeria is redesign of currency,the redesign of currency makes the citizens suffer, especially hungry is in Nigeria, no money to buy food stuff,they use money to buy money, because of the redesign of currency money became scarce in Nigeria before you will see money your own money you will suffer before you see money,when you go to the bank you will see people sitting there make sure they feeds themselves but to take money in the bank is very difficult.people are not traveling because of the scarcity of money in the country.you have money but you can't to the money.people die, people commit suicide, I even heard a story about a wealthy man,he went to the bank just withdraw a little amount of because his wife is sick and there is no way to feed the kids,so he just wants a little amount to sustain with his family no way,not even exorbitant amounts just little amount to live with his family no way, they redesign the banknote to stop vote buying,buy the redesign of banknote starves the country.

Consistency will make you a good writer. Don't be in hurry to create threads, read more and make comments on other threads. There are some other related threads concerning this matter have been created by others so you would have made comments there.
The present situation in Nigeria is unspeakable. Other countries also have there  own dilemma, but the situation in Nigeria is different as of now. You have money but you can't access to the money. The cashless policy has failed, ATM is not dispensing inside bank on the cashier desk is not paying.
One of the main reason of the redesigned of the banknote is to stop vote buying in the forthcoming election in the country but that has been failed. Vote buying in this year election will be very high. The politicians are using app transfer to the vote sellers.

This is a very difficult thing and I have never felt anything like it where I am. From the news I read on a site, it was stated that the country of Nigeria is experiencing a paper money crisis so there are many queues in front of the bank at night until the morning in order to be able to withdraw cash as quickly as possible. I certainly couldn't imagine this because there would be more time to be sacrificed to queue in front of the bank in order to be able to get cash for those who already have a bank account.

But those who don't have a bank account will be very angry and confused because they can't buy anything when they don't have cash in their hands. But what I read from the news that was published a week ago said that the Nigerian Supreme Court has ordered the relevant regulators to speed up the distribution of paper money in order to overcome this as quickly as possible so that this does not last too long, especially if in the near future the Nigerian state has to choose new leader to lead the country better than before.

I agree with everything you said. You seem to be on same page with me.

First I think the woman died because of very bad medical care and idealogy in Nigeria. Apart from network issues or shortage of cash, a good health system would have done better in any situation. This brings us to bad government and politicians who have also been very quick to hijack the new currency for the purpose of buying voter's conscience at the ballot. Just like you have said, they are fighting back the policy because they know that it has really taken out cash from their reach and doing transfer will not be a fast approach in the ballot. From the broadcast from the president, he also alluded and confirmed that the policy has minimized the flow of cash in this electionary time and this is true with the way corrupt politicians are almost wanting to engage the president or the CBN governor in a boxing match. I think we have to be patient because after the election, those new currency that have been hijacked would find their way to the system.

We don't know for sure how the condition of the people there is and even if it is true as what the OP said, this situation is not good for our brothers there, what I know is that Nigeria is one of the countries that has natural wealth (Oil), this country must be more independent and it didn't happen like the OP said. In various internet media that I searched, Nigeria is going through a cash crunch causing long queues at all the ATMs, cases like this are very rare in some other countries and to be honest I have never heard of anything like this in other countries. Suggestions for the OP to move this post to the Nigerian Local board, because the discussion specifically is more directly related to events, or it can also be moved to the Politics and Society board because the OP mentioned about selecting leaders for the future.

Hardships is everywhere, don't think about your country being the only one experiencing thesame, alot of things had been happening concerning concerning the world economy and the financial system at large, the inflation and other cause to low economic performance have affected things beyond the ordinary cope, but we must not remain mute about these things, we need to act and fact as soon as we can to safe the world from the certain experience we are having, though we can't blame any for being responsible than finding a means to providing alternative solution to all accrued areas of interest that needs change

Just as you have said the only thing that can be done right now is for citizen of Nigeria to come out on the day of their presidential election and vote, that's the only way that they're going to notice any change in the system. And majority or we Nigerians believe that Peter Obi has the potential to change some of the political activities that has been holding the nation back but the only issue now is that most of his supporters don't even have voters card to vote but still keep on rooting for him.


We already have several threads concerning this topic about "Nigeria politics, the current situation of cash in Nigeria and also the forthcoming presidential election" I believe Op hasn't been to the Nigeria board that's why he created this thread.

People can do something about it since you can vote for different politician for countries change. But if you keep putting the same guys on the set then change will never came on that country so citizens of nigeria should work for its change because its really bad if your health care system,economical and other aspects has been neglected by the head of the state.

But its good if you open up this discussion on Nigerian section because people came from outside Nigeria cannot do anything about it so speak up on correct board to get more good result since maybe you can influence people to vote the right leaders on your country.

I have recently talked to someone that went abroad and someone from Nigeria told him that the situation there really is hard for them. We've got forum members here that are also from that country and has expressed on how they're dealing with the hardship there.

I agree that OP should be active there and talk with other Nigerian forum members on how they're coping up with the situation. They can help each other on dealing with it since they know the situation better.

You are simply not technical with this write-up and it's clear that you rushed into it being emotional. Nigerian is presently facing a cash crunch issue that was caused by the CBN policy on limits and Naira redesigning. These are measures that are long overdue as no responsible country would leave their bank notes unchanged for too long to curb the illicit flow. Nigeria's issue is even more, politicians often buy votes, which is why the CBN and FG took that measure at this crucial time the presidential election is on the 25th of February.

But the corruption is fighting back, politicians sabotaged the process which led to what Nigeria is facing presently. And as for the woman you claimed, is it the fault of the government or the bad hospital that rejected a bank transfer (which is a valid means of payment) and demanded cash? The hospital is being probed right now.

You might want to pay more attention to your write up or perhaps the situation in Nigeria got you so emotion to just type and not do a recheck.

Apparently, Nigerians have hot a local board now and you might want to move this thread over there. There is a lot on motion of the on going activities with the currency, fuel scarcity and others going in the local board already. Hope this finds its way there too as you seem to be speaking to the Nigerian people already. Although, its not going to be something strange anymore. There have been lots of talks already.

The hardship in Nigeria increase day by day the massive are suffering. The poor old men and women. That doesn't have access to bank are suffering. Just imagine a pregnant woman died in a hospital just because there was no cash the network was bad for transfer. Where are we going to. Our people are suffering they are dying our leaders should do something about it to me I don't think we have leaders anymore. The people we call our leaders have already failed us. Now it's time for election let's vote wisely let not suffer for 8 years again