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Home Opinion/Letter

Nigeria’s economy: Numbers qree Improving, but the people are still struggling, by Halima Waziri

Ademola by Ademola
August 9, 2025
in Opinion, Opinion/Letter
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Despite modest improvements in key economic indicators, millions of Nigerians are still grappling with the harsh reality of daily life in mid-2025. From rising food prices to worsening climate shocks, the gap between national statistics and local suffering continues to grow. What the economy shows on paper is not what ordinary people feel on the ground.

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According to recent data, Nigeria’s GDP grew by 3.13% in the first quarter of 2025, driven mainly by the service sector. Inflation has also slightly eased to 22.22% in June, thanks to monetary tightening by the Central Bank. However, food inflation remains high, climbing to 21.97%—a number that directly affects the poorest households who spend most of their income on food.

  1. In rural areas like Sokoto, Kebbi, and parts of the Northeast, erratic rainfall and drought have devastated farming communities. Over 31 million Nigerians are now food insecure, and the rising cost of imported food—up by 136% last year—is deepening the crisis. Without urgent investment in agriculture, local food production will continue to shrink, pushing more families into hunger and poverty.

Insecurity and climate disasters are also hitting hard. The May 2025 floods in Niger State claimed hundreds of lives and destroyed farmlands and homes. In the Niger Delta, the removal of fuel subsidies has made transport unaffordable for many, cutting off access to schools, clinics, and markets. These are not just environmental or policy issues—they are human emergencies affecting lives every day.

The federal government has made progress with economic reforms, and agencies like Moody’s have noticed. But without bold action to address the suffering of ordinary Nigerians—especially in rural and conflict-prone regions—those reforms risk losing public support. High debt servicing (65% of recurrent spending) and a projected fiscal deficit of up to 4.7% are already limiting the government’s ability to invest where it matters most.

This is a crucial moment. Leaders at both federal and state levels must focus not just on stabilizing the macroeconomy but on making sure the benefits reach people. Strengthening agriculture, scaling cash support to the most vulnerable, and improving infrastructure in rural areas are not optional—they are necessary for true recovery.

The numbers may suggest progress, but for millions of Nigerians, the hardship continues. The time to act is now—before the next flood, before the next harvest fails, before more families slip below the poverty line. Reforms must become results. People must begin to feel the change they are being told is happening.

HALIMA IBRAHIM WAZIRI
Department of masscommunication university of Maiduguri.

Tags: but the people are still strugglingby Halima WaziriNigeria’s economyNumbers not improving
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