The life of law income earners has been pushed to a
serious hard economy jeopardy as a result of Naira
rate in exchange of a Dollar. This huge differences of
America currency exchange rate is badly dealing and
having a bedevilling effect to the country's economy.
Scores of people living in Adamawa shift blames to
both the previous Government and present
Governments of insensitive to the pleas of people
whose take home pay is nothing to write home about.
Early this year consumable products and goods
prices keep on sky-rocketing, scorching badly to
those I call the " have not", those livelihood depends
on the stability and balance economy to survive.
Going round the streets of Jimeta and Yola towns of
Adamawa state our correspondent have a special
report of the degrading standard of living caused by
the recent economy retrogression, all the
respondents shifted blames on both the present and
past Governments of insensitivity to the suffering of
the general masses.
A kolanut vendor, Mallam Abubakar Aliyu who was
seen hawking an almost empty tray of the Kolanut
said Government are not even ready to address the
issues that concern any "Talakawas" (Common
people). He went to memory lane during the
administration of the military administrations and to
civilian rules that there has not been any President
that was too careful to the country's economy.
According to him all the past Governments were or
don't even have a good policy over price control.
Aliyu argue that it's only when the economy is
effectively favorable to all low income earners with a
very good policy on the prices control of all
consumables goods and products in the country that
they can be boast of eating three square meals in a
day.
According to him the economy mishaps had inflicted
untold hardships to him and many less privileged
people living in the country. He laments that his
seven children who are all dependents have resorted
to begging in the streets of Jimeta and Yola.
"I and entire House hold we have virtually became
baggers, imagine me that I have a business with a
capital of 30 thousand naira now my capital is not up
to 2,500 thousands naira, worse of it the patronage is
very poor". He said
He cried on how the appreciation of Dollars over the
naira is virtually affecting every bit of the economy as
there has been 100% rises of prices of almost every
commodity.
A popularly Food vendor in Jimeta round about,
Maman Ali complain of poor patronage since ending
last year to this year whereby her selling points that
use to be crowded with all set of people throughout
the day, the place is now a deserted place.
Maman Ali who managed to communicate with pigin
English said is like the economy is even affecting
every body judging from turning over of her business
which attracts Government officials, Bankers,
Business men and many other people.
"As you can see you met me sitting down less busy, if
it were before this place is use to be crowded as you
can think and as noisy as a market, as like the people
fly to some were else. No body is coming around,
and if ask every body will tell me it's Dollar that's
beating Naira".
"I think the government should do something fast if
other wise there will be more crisis in the economy,
imagine you have a family and they all depending on
you for a living and you are not forth taken care of
them, you may be tempted to go and still or do
something strange to survive". Maman Ali said
Mr Joshua Tambo is a Fisher Man paddling the River
Gongola equally complained how his commodities
prices in the market have skyrocketed without a
corresponding increase in personal take home pay,
most especially to people like them doing a personal
business to survive.
Joshua said when the economy was good he do have
a turn over of over 50 thousand naira in a month, but
now he only fished for storage as nobody will buy,
even if they come to buy they bargain the price in a
very cheap price while if they will buy anything in the
market they will pay a very exorbitant price.
Joshua blame the Government of being indifferent
and insensitive to must have allow the problem to
linker up to this time.
A try cycle commercialist,Ibrahim Ahmadu whose is
a low income earners whose take up home pay is not
up to 1,500 daily before the falling of the
Naira,narrowed down his worries to the fall of
petroleum products and wish the government will
device other means of balancing up the huge gap
created by depending on the products as the only live
wire of the country's economy.
But now because of the harsh economy he hardly
gets 500 hundred naira in a day, which is not enough
to take care of his wife and three kids.
Ibrahim said if the government did not do the most
needed economy arithmetics sooner or later Nigeria
currency will just be like a tissue paper in the
international market and the eyes of many people.
"A fall of petroleum products in the international
market is what generate to our harsh economy, for
the simple fact that the country's past government
did not utilize the all the much profits generated
when the petroleum market was favorable". Ibrahim
said
The present Government is into serious financial
predicaments according to New Financial times of
12th February, Year if other sector of the economy is
not urgently revive.