\n\nFormer Vice President Atiku Abubakar has raised concerns over the worsening cost-of-living situation in Nigeria, citing findings from a recent Central Bank of Nigeria (CBN) survey which he said showed that many Nigerians are struggling to afford a decent standard of living.
Atiku made the remarks as economic hardship continues to dominate public discussion across the country, with food prices, housing costs and other household expenses placing pressure on families.
According to the former vice president, the findings of the CBN survey should serve as a warning to policymakers about the real impact of economic conditions on ordinary Nigerians. He argued that economic growth figures must translate into meaningful improvements in the daily lives of citizens.
The concerns come against the backdrop of major economic reforms introduced by President Bola Ahmed Tinubu’s administration, including changes to the foreign-exchange system and the removal of the petrol subsidy. While the government has maintained that the reforms are necessary to rebuild the economy and attract investment, Nigerians continue to contend with the immediate effects of higher living costs.
Atiku’s comments have therefore renewed debate over whether the country’s economic recovery is sufficiently benefiting households and small businesses.
The issue of purchasing power remains particularly important as Nigerians adjust to changing prices of essential goods and services. For many families, the ability to meet basic needs has become a key measure of whether economic policies are delivering tangible benefits.
The former vice president called attention to the need for policies that go beyond macroeconomic indicators and directly improve citizens’ welfare.
The development adds to the growing national conversation about the effectiveness of Nigeria’s economic reforms and the urgent need to ensure that increased government revenue and economic growth ultimately translate into better living conditions for Nigerians.
