Nigerians in confusion over worsening fuel scarcity, insecurity, poverty and other economic miseries as the year 2022 gradually winds down

Nigerians are in limbo over worsening fuel scarcity, insecurity, poverty and other economic miseries as the year 2022 gradually winds down.

In less than 33 days to the end of 2022, there have been ripples of economic miseries for most Nigerians. As Citizens grapple with multiple challenges, there is no end in sight. Untamed insecurity, persistent fuel scarcity, rising inflation, poverty, and energy crisis are critical problems bedevilling the nation.

Despite repetitive claims by the Federal Government on the improvement made in the fight to end insecurity, the menace has remained; banditry, terrorism in the north, unknown gunmen, kidnapping, and cybercrime in the south.

Untamed Insecurity in Nigeria
According to a report, insecurity in the country costs Nigeria 11 percent of its GDP with N119 billion. In the same vein, N12 trillion worth of projects were neglected across Nigeria due to insecurity, other challenges, according to data from Town-Talk solutions. The Lloyd’s Register Foundation Safety Perceptions Index (SPI), produced by the Institute for Economics and Peace, ranked Nigeria 75th out of 141 countries on the 2022 global safety survey. All these reports point to the worsening state of insecurity in Nigeria, negatively impacting the country’s poverty levels.

Poverty expansion frustrating Nigerians

Outside the insecurity challenge, over 65 percent of Nigeria’s population live in poverty, meaning they are deprived of health care, education, employment, living standard and security, according to a report by the National Bureau of Statistics. With a 21.09 percent October inflation rate, 16.50 percent interest rate, 2.25 percent third quarter Gross Domestic Product, GDP growth rate, an average Nigerian struggles for survival.

Still, the present Government is almost non-existing in providing basic social amenities to douse citizens’ hardship. Here, the reoccurring fuel scarcity has further heightened the worries Nigerians face