When the Numbers Keep Improving but the People Are Still Suffering
Each time I think about Nigeria’s worsening socioeconomic reality while listening to the Tinubu administration celebrating improved macroeconomic indicators, I am tempted to ask a simple but profound question: Who is deceiving whom? The government may point to GDP growth, rising foreign reserves, increased government revenue, exchange-rate stability and other macroeconomic indicators as evidence that the economy is recovering. But the fundamental question is: recovering for whom? Macroeconomic statistics may be reassuring to economists, international financial institutions and foreign investors. But what meaning do they have to the ordinary Nigerian whose income buys less every month, whose food bill keeps rising, whose rent is becoming unaffordable, whose children’s education costs more, whose healthcare is increasingly out of reach and whose sense of security is being eroded by the day? An economy is not an abstract spreadsheet. It is ultimately about people. What is...