Nigeria pre-election: markets boost but living conditions worsen
Economic reports show that the standard of living for millions of Nigerians has declined over the past three years, despite improvements in the economic indicators promoted by the government. This decline is due to reform measures that include ending fuel subsidies and devaluing the national currency. The cost of preparing a "Jollof rice" dish has increased by over 100%, while gasoline prices have risen sixfold. Meanwhile, more than half of the population still lives below the poverty line. Although data indicates an overall improvement in investments and foreign capital inflows, President Tinubu's popularity is waning amid widespread public dissatisfaction. Polls reveal that most citizens believe the country is heading in the wrong direction, even as preparations for the presidential elections in January 2027 continue.
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