HomeBusinessEconomy dey stable, but wetin e mean for we common people?

Economy dey stable, but wetin e mean for we common people?

Abuja, Nigeria – Yemi Kale, wey don chop many years as statistician-general for National Bureau of Statistics (NBS), don come talk say make we no dey too hasty to celebrate economic stability. E drop this one for social media after Ngozi Okonjo-Iweala, director-general of World Trade Organisation (WTO), praise President Bola Tinubu for di economy matter.

Kale yan say economy fit dey stable but citizens still dey suffer. He explain say stability no mean say everything don dey alright for ground. Di man talk say when economist talk say economy stable, e mean say di critical indicators like inflation, exchange rates, and GDP dey steady, but e no mean say people don collect dem money well.

“If inflation drop from 25% to 12% but food don still dey cost like gold,” Kale add. “People go still dey cry, especially for basic needs like food and transport.” E continue to explain say even when economy dey stable, di price wahala fit still chop people pockets clean.

Kale warn say sometimes stability fit just mean say di wahala no dey increase sharply again. “E be like person wey dey rock for boat; di boat don stop to dey roll, but we never reach shore,” he quip.

Di man also drop some serious gist about how dis stability go dey benefit business people first before e go touch di common citizen. E talk say e fit take long before di good reports start to show for we bellies, or make dem start to create jobs. “Once di stability can hold,” he explain, “then we go need chop before we go fit smile.”

Na serious matter be dis o! Dem dey look for economic indicators but na we wey dey hustle daily dey suffer di real effects. Kale conclude say economic stability na good first step, but e no go solve di problem sharp-sharp.

He dismiss di political noise plenty; him just dey yan as e be. Hope say we go fit see change soon! Time go tell, but for now, make we just dey manage di small wey we fit gather, abi wetin you think?


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