• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics

How This Undergraduate Thinks Nigeria Should Combat Recession

Op-Ed Contributor by Op-Ed Contributor
January 7, 2017
in Uncategorized
This Is The Rencap Report That Claims Recession Is Here
Share on FacebookShare on TwitterShare on Linkedin

On Nairametrics, we also provide platform for young Nigerians to express their views on the economy no matter how inexperienced they are. They are the leaders of tomorrow and should be heard more often. In this article, Imran explains how he believes Nigerians should combat the recession headlong.


Economic Recession; Help Me to Help you is the Answer- Show your Creativity and Innovative Ideas not Exploitation.

In times like this, everybody needs to come together and foster ways for survival, situation like this call for innovative solutions to our collective problems. It is disheartening to note that many people especially business class be it in any form; from petty trader to supermarket owner; taxi to luxury bus service providers have capitalized on this peculiar situation to hike prices of goods and services beyond ordinary citizens reach. Of course there are some commodities and services that are unaffected by the Naira-Dollar disparity but then some have chosen within the confine and under the evil umbrella of unsympathetic associations to add more salt to the injury already sustain.

MoreStories

Supreme Court quashes Ajaka’s request to replace Kogi governor Ododo 

Kogi secures NEPZA license for Ajaokuta Economic City Free Trade Zone   

February 26, 2026
Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 

Sanwo-Olu unveils Invest Lagos 3.0 to boost capital mobilisation, trade 

February 26, 2026

For instance how could commodity “A” cost N250 in one town and N400 in another? How could a trip (per drop) within one town cost N80 or even higher if farther and N40 in another town? Whereas the cost of production or working capital remain relatively cheap and even unchanged. Calling it exploitation of the highest order is inadequate not even in situation like ours where there is no end in sight, not even any feasible solution.

Neither hiking of price nor waiting for the government positive intervention is the answer, what we must do at least temporarily is to “come together, work together, grow together and everybody will be safe”.

Complaining/exonerating and throwing of blames on who/who-is-not responsible for the present economic quagmire can only increase the intensity of the problem and possibly aggravate it.

Though it lies squarely on the shoulders of the government both federal and state to find permanent solution to this predicament, it’s also ours sole responsibility within the middle and lower strata to create palliatives for ourselves in order not to be adversely affected. I believe it’s better if Okonkwo sells a bottle of groundnut oil for N250 and not N400 to Musa while Musa give him a return trip to his house for N40 and not N80. Just think about this and be the first to act.

Nigeria go better!

Imran Abdullahi

A Student from Bayero University Kano

Fellow of the Nigerian Student Leaders program (2016)

Tags: DeepdiveNigerian recession
Op-Ed Contributor

Op-Ed Contributor

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to info@nairametrics.com and we will publish it within 24 hours of approval by our editorial team.

Next Post
#EndSARS: I support the youths in this peaceful protests - Pastor Adeboye

Leader Of Nigeria's Largest Pentecostal Church Retires After 35 Years

Comments 1

  1. LeGenD says:
    January 8, 2017 at 12:44 am

    Shifting blames

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics