Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Nation In Mourning: Tinubu, Other Leaders In Daura For Buhari’s Burial Today
    • Seyi Tinubu, Ummusalma Rabiu Partner For Landmark Northern Youth Summit To Promote National Reforms
    • Buhari: IBB Pays Tribute To ‘Brother, Friend And Patriot’
    • Former Adamawa Governor, Muhammad Bindow Mourns Buhari
    • Awujale Of Ijebuland Dies At 91
    • ‘Promote Responsible Jounalism Practices’, NGE Tells Editors
    • Goronyo Receives Double Honours For Exemplary Leadership, Administrative Excellence
    • Today, We Give Way To Our Readers To React – By Dr Hassan Gimba
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      Nation In Mourning: Tinubu, Other Leaders In Daura For Buhari’s Burial Today

      July 14, 2025

      Seyi Tinubu, Ummusalma Rabiu Partner For Landmark Northern Youth Summit To Promote National Reforms

      July 14, 2025

      Buhari: IBB Pays Tribute To ‘Brother, Friend And Patriot’

      July 14, 2025

      Former Adamawa Governor, Muhammad Bindow Mourns Buhari

      July 14, 2025

      Awujale Of Ijebuland Dies At 91

      July 14, 2025
    • COLUMN

      Today, We Give Way To Our Readers To React – By Dr Hassan Gimba

      July 14, 2025

      Is The World Shutting Its Door To Nigeria? – By Dr Dakuku Peterside

      July 14, 2025

      The Salvo From Boss Mustapha – By Kazeem Akintunde

      July 14, 2025

      Land Grab: Why Uni-Abuja Needs Presidential Protection – By Martins Oloja

      July 14, 2025

      Four Marital Sins – By Funke Egbemode

      July 13, 2025
    • EDUCATION

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024

      FULL LIST: Tinubu Appoints Former SGF Yayale, Ex-Governor Yuguda, Muhammad Abacha, Jega In Universities’ Governing Councils

      May 18, 2024
    • INTERNATIONAL

      Children Collecting Water Among 92 Palestinians Killed By Israel In Gaza

      July 14, 2025

      Iranian President Lightly Wounded While Escaping Israeli Attack In June

      July 14, 2025

      Dozens Killed By Israel At Aid Site In Gaza, Children Dying Of Malnutrition

      July 13, 2025

      Trump Says 30-Percent Tariffs Against EU, Mexico To Begin On August 1

      July 13, 2025

      Israel Kills 45 In Gaza Today As UN Says Starvation ‘Worse Than Ever’

      July 12, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      WAFCON: Super Falcons Draw With Algeria, To Play Zambia In Quarter-Finals

      July 14, 2025

      Palmer Inspires Chelsea To Stunning Win Over PSG In Club World Cup Final

      July 14, 2025

      WAFCON: Falcons Get $200k For Quarter-Finals Qualification

      July 13, 2025

      Chelsea Ready To Upset PSG In Club World Cup Final ‘Chess Match’

      July 13, 2025

      Warri Wolves, Wikki Tourists Return To NPFL, Kun Khalifa, Barau FC Also Promoted

      July 12, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - Cost Of Living Crisis: A Personal Story – By Azu Ishiekwene

    Cost Of Living Crisis: A Personal Story – By Azu Ishiekwene

    By Azubuike IshiekweneFebruary 17, 2024
    Azu

    I WAS going through some old files in my closet the other day when I saw some documents and receipts that absolutely cracked me up. Among the browning, time-worn papers was the receipt from a private primary school for the payment of my first daughter’s fees.

    It was a middle-class school that charged N5,000 naira per term. Attached to the fading receipt was a thank you note by the bursar. I rocked with laughter. This was in 1995 when, after nearly seven years of working, my monthly salary was around 60k or so. I will not forget how my mother reacted when she found out how much I was paying for her granddaughter’s termly fees. “Did your university tuition cost that much?”, she asked despairingly.

    Of course, it did, but not by a lot. As I held that rusty receipt in my hand on that day, the shock and despair in my mother’s face about how prices had gone up and how things had changed, for the worse, flooded my mind.

    UBA

    Yet, within three decades of my mother showing concern, the joke was on me. By this time, it was no longer a laughing matter.

    “Ilu Le O…!”
    I had somehow managed to find out how much my daughter was paying for my granddaughter’s school fees in a school certainly more upscale than the one she attended, but by my reckoning, unlikely to be among the A-List schools in her part of town.

    WIDGET ADS

    What she was paying for my granddaughter’s kindergarten per term was roughly ten times my salary after seven years of working. I couldn’t help wondering what my mother would have said or done if she had lived to see the school fees of her great-granddaughter, a kid enrolled barely out of her diapers! And this was only three years ago.

    Many things in the old files in my closet reminded me of how the times are changing. When I think of Victor Olaiya’s famous highlife song, “Ilu le o!” (literally meaning, Country hard!) released over 40 years ago which was supposed to have captured the misery of men and women complaining about the hard times, I wonder exactly what the moaning was about.

    Thomas Sankara African Leadership Prize

    Nuts For The Rich
    A few days ago, I had a conversation with my local cashew nut seller. I had been buying cashew nuts from her since when a bottle cost N800, which was not up to four years ago. Slowly, but steadily, the price climbed to N1,000, then N1,200, then N1,500 and before you could say, “cashew,” it became N4,000 per bottle – roughly the cost of my daughter’s one-term school fee in the late 1990s.

    How do you buy a bottle of nuts for N4,000? Perhaps because I drive a big car – which is a Tokunbo, by the way – the nut seller thought she had me hooked; that I should be able to afford the nut, whatever the price. Well, she was mistaken and I told her so. Of course, she pleaded that it was not her fault that it was – you guessed right – the exchange rate! Dollar or not, I won’t buy cashew nuts now priced as luxury items.

    Nigerian TAX Reform - Federal Goverment

    Of course, I know about the fiber, protein and healthy fats that come from cashew nuts, not to mention blood sugar control, heart health and weight loss. But at 72.5kg, and with the gift of a stature that can eat both pounded yam and mortar without them showing, why should I lose sleep over weight? Whatever cashew nut offers, especially in fiber, I will get from sweet potatoes.

    But cashew nuts are not the whole story of this cost-of-living crisis. Even potatoes have doubled in price. According to a BBC report, prices in Nigeria are rising at their fastest rates ever in the last 30 years.

    This was how the BBC report described it: “A standard 50kg bag of rice, which could help feed a household of between eight and 10 for about a month, now costs N77,000,” that is, about double the price last December. The prices of other staples such as beans, garri, maize and millet have also gone up, costing the average worker two months’ minimum wage for a bag.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    Portion Control
    Portion control was a frequent point of argument in my house. It’s a problem with men, of course, but it’s worse with African women brought up to believe that the proof of spousal care is in the size of the husband’s weight, measured by the amount of food on his plate. It’s considered taboo in many places, especially in the South of Nigeria, for example, for a man’s plate of soup to have only one piece of meat or fish. Or for his dough, famously called swallow, to appear miserly.

    This well-intended culture of culinary excess is captured in Chinua Achebe’s Things fall apart, where the story is told of a wealthy man who gave a feast at which guests on one side of the table did not see those on the other side from morning until night when they managed to level the mountain of food set before them during the new yam festival.

    If, however, Okonkwo’s guests were living in today’s Nigeria, where a sachet of water in a 50cl plastic bag costs N20, more than twice the price last year, they would be lucky to find enough water to drink after a meal of afafata, chaff of rice grain, which is now a staple in parts of Northern Nigeria.

    My point about portion control is that after years of struggling to convince my wife, and often the female domestic staff, that measurements and smaller food portions, including far fewer pieces of protein in my meals don’t mean lack of care, the cost-of-living crisis is finally driving the point home!

    As for other things such as the cost of petrol and other energy costs, which increased by 216 percent from N195 per litre after the removal of subsidy last May, I threatened to buy a bicycle to augment my transportation cost before a concerned staff warned me of the risk of cycling nearly 15 kilometres to work across two major highways.

    There is, however, one area of adjustment, which after futilely struggling to contain without luck, I have decided to seek “divine intervention”, as we say: my BP medication. In a country where less than five percent of the population have health insurance and the rest pay out-of-pocket for treatment, persons with underlying medical conditions have been badly hit by the current inflation rate of 28.9 percent.

    It’s not a laughing matter. Last year, for example, a packet of Co-Diovan 80/12.5mgs, my recommended BP management medicine, cost about N8,000. Now, it is N24,000 and still rising for the same packet which lasts 28 days.

    Trouble In The World
    Of course, it’s not a uniquely Nigerian problem. From New Zealand to Nepal, countries around the world have been battling with a serious cost-of-living crisis. This crisis is a combination of factors ranging from COVID-19 and the supply chain problems that followed, to the war in Ukraine and extreme climate changes across the world.

    In fact, Nigeria is not listed among the 10 African countries with the highest cost of living, a list that features Senegal at the top, with others such as Cote d’Ivoire, Zimbabwe, South Africa, Cameroon and Kenya, among others.

    Just like economic problems imitate physical diseases, countries with underlying structural problems have been the worst hit. The difference from place to place, however, has been in how leaders repaired trust and mobilised resources in response.

    President Bola Ahmed Tinubu campaigned for his current job knowing full well there won’t be a honeymoon from day one. I’ll need to file something urgently in my closet that my granddaughter might see someday to show that my vote for him was not a mistake.

    Ishiekwene is Editor-in-Chief of LEADERSHIP

    Azu's Column Hardship
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    Today, We Give Way To Our Readers To React – By Dr Hassan Gimba

    July 14, 2025

    Is The World Shutting Its Door To Nigeria? – By Dr Dakuku Peterside

    July 14, 2025

    The Salvo From Boss Mustapha – By Kazeem Akintunde

    July 14, 2025

    Land Grab: Why Uni-Abuja Needs Presidential Protection – By Martins Oloja

    July 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    Nation In Mourning: Tinubu, Other Leaders In Daura For Buhari’s Burial Today

    July 14, 2025

    Seyi Tinubu, Ummusalma Rabiu Partner For Landmark Northern Youth Summit To Promote National Reforms

    July 14, 2025

    Buhari: IBB Pays Tribute To ‘Brother, Friend And Patriot’

    July 14, 2025

    Former Adamawa Governor, Muhammad Bindow Mourns Buhari

    July 14, 2025

    Awujale Of Ijebuland Dies At 91

    July 14, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp