In July this year, Mrs. Kemi Adeosun announced that Nigeria was technically in a recession. Since that time, things have gone from bad to worse, particularly for goods and services. Forex has been scarce, so much so that the Federal Government has tried shutting down unregistered bereau de change operators across the country because it reckons they are to blame, in part, for this prolonged scarcity. The dollar is trading at 465 naira today, and small indomie sells for 60 naira.
However, the fact that things are bad economically does not mean people are feeling the pinch across the board. Afterall, it was only in September Mr. Bayo Onanuga, Managing Director of the News Agency of Nigeria, said that Nigerians might be “over sensationalising so-called hardship“, because a Virgin Atlantic flight from Lagos to London was filled with our country men.
Editi Effiong, the founder of Anakle Labs is taking feedback from Nigeria Twitter to his question, when did the recession become real for you? Here’s what Nigerians are saying:
When did the recession become real for you?
— Editi Effiòng (@EditiEffiong) November 21, 2016
https://twitter.com/honeydjoko/status/800675289281937409
https://twitter.com/sisiese/status/800675556605984768
When my BIL had to shut parts of his parts business. Very sad. https://t.co/Jr5MfRgeuT
— T. Rânkïn' (@AfroVII) November 21, 2016
When I ended subscriptions to my favourite magazines. 🙁 https://t.co/qhoGLcfsBC
— Gimba Kakanda (@gimbakakanda) November 21, 2016
https://twitter.com/YESVS/status/800676814528069632
When my neighbour stopped subscription on his WiFi. https://t.co/Dr3frjTWiO
— 🅼🆁.🅴🅳🅶🅰🅻™ (@Mr_Edgal) November 21, 2016
https://twitter.com/feline_eyes/status/800676969729892352
https://twitter.com/pheyiola/status/800677125162467328
When Indomie became N60, then Handkerchief is now N100 https://t.co/icXTJWIArX
— Big Fish Gee 🦈 (@GbemmyG) November 21, 2016
https://twitter.com/elnathan_john/status/800677605192192000
https://twitter.com/OlaiyaFrancis/status/800678077948985344
Had to pay little brother's fees in Euros. Converted double the Naira, felt like I was sending weekly pocket money. https://t.co/6Luyvn0YjX
— Ash. (@hey_ashiwel) November 21, 2016
When my neighbour stopped subscription on his WiFi. https://t.co/Dr3frjTWiO
— 🅼🆁.🅴🅳🅶🅰🅻™ (@Mr_Edgal) November 21, 2016
When the price of Jameson went through the roof! 😫 https://t.co/nzExS011Lt
— Oye (@XOye_) November 21, 2016
When indomie oriental became 80naira per pack https://t.co/lDrnawLfIE
— Princeton Chidozie (@_yagazie) November 21, 2016
August 2016
1USD became N350
My company had to pull out of Nigeria and face their other African branches
Let off all 30 of us https://t.co/571hTeXoK0— Big Mobs (@babesmobee) November 21, 2016
When Indomie became N60…small indomie ooo. https://t.co/4VxaYZP3GK
— Chi! (@c_dynmar) November 21, 2016
When the cost of a case of wine suddenly became the cost of half a case. https://t.co/jqkGD1Nr9r
— Uncluche (@TheBlackHermit) November 21, 2016
https://twitter.com/Gidimeister/status/800685549707202560
https://twitter.com/LitaofLagos/status/800686111240683520
When i bought one pack of expression attachement for 1050 Naira.😢 (It used to be 600) https://t.co/J9fu007Eo3
— OBIAGELI, THE CHEF PRIEST. (@EjioforOby) November 21, 2016
When i could no longer order for cupcakes from @yasmama07 😩😭😭 https://t.co/BkrJF6HnkN
— The PiousOne مريم (أم زين و زيد) (@Marmyla) November 21, 2016
https://twitter.com/theOluwatosin/status/800687498229858304
When I blocked the entrance o a big company that was owing me and the Indian MP came to explain that they are running at a loss https://t.co/aqn8uW3kl5
— Big Cuz (@imohumoren) November 21, 2016
When tomato ketchup hit N700.!! https://t.co/ufQA1YnhtW
— Usman A. Usman (@Usmateee) November 21, 2016
When a bottle of palm oil which used to be sold at ₦500 became ₦1200😞 @EditiEffiong https://t.co/K033OBozlM
— NnyekkisCreations (@nnyekki) November 21, 2016
When Naira-cards got blocked. https://t.co/GdyhcfHuE9
— Dad (@MuyiwaSaka) November 21, 2016
When i stopped going to shoprite to buy seafood fried rice and chicken
When i ate bread and beans for a week https://t.co/ph0HES6a6j
— Israel (@AfolabiISR) November 21, 2016
Three months ago when Angostura bitters became N7500 https://t.co/OZP423M3Oh
— Tshirt Guy (@joeycrazype0ple) November 21, 2016
https://twitter.com/Villain____/status/800687471822508033
Times are hard oo.
