Finance Tips and Ideas: How To Survive Current Nigeria's Tough Economy [Contributory]

[Jared]

We currently battle high inflation, weakened currency ( N1,500+ / $), high cost of food items, fuel price hike, epileptic electricity, skyrocketing credit interest rates and many more.

How can we survive this tough economic climate in Nigeria? Especially people who have not JAPA?

Make a contribution below. Add your own tip. Even if it's to Japa. Say something to help others.

PS: This forms Azàland 2024 Contest 1, and comment number 24 will be chosen as winner of N5k.

Let's go. Give us survival ideas, strategies and tips.

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[Kachy]

Good topic. I think japa is the best option now.

[Jared]

Now I think this period LOUD BUDGETING will help. If you don't have, speak out.
Don't let your gf send you to steal.
Must she use iPhone 15 Pro max?

[Greatness]

How can we survive this tough economic climate in Nigeria? Especially people who have not JAPA?

Multiple streams of income.

[Jared]

How can we survive this tough economic climate in Nigeria? Especially people who have not JAPA?

Multiple streams of income.

Multiple ke? We never even get 1. How we go take get multiple?

[Greatness]

How can we survive this tough economic climate in Nigeria? Especially people who have not JAPA?

Multiple streams of income.

Multiple ke? We never even get 1. How we go take get multiple?

[CarolinaBaby1]

First of, buy your food in bulk, a reasonable thing to do at the moment

[Jared]

First of, buy your food in bulk, a reasonable thing to do at the moment

Makes sense. bulk buying saves a ton of money. Guys take note.

[YoungA]

Good question sir. We never even get one stream of income

How can we survive this tough economic climate in Nigeria? Especially people who have not JAPA?

Multiple streams of income.

Multiple ke? We never even get 1. How we go take get multiple?

[Kenyboy]

Good question sir. We never even get one stream of income

How can we survive this tough economic climate in Nigeria? Especially people who have not JAPA?

Multiple streams of income.

Multiple ke? We never even get 1. How we go take get multiple?

Lol, i also wanted to mention multiple sources of income but you are right, the country is not helping matters at all

[YoungA]

The current economic status is causing depression among the young and old aged citizens of the country but I think, a positive mindset will go a long way in alleviating the situation for us.

[CarolinaBaby1]

Secondly, budgeting, very very important
In this harsh economy, we should mind the way we spend, not spending anyhow

[Jared]

Secondly, budgeting, very very important
In this harsh economy, we should mind the way we spend, not spending anyhow

This is a key point. We must manage the little resource available to ensure the most important items are catered for first.

[CarolinaBaby1]

Secondly, budgeting, very very important
In this harsh economy, we should mind the way we spend, not spending anyhow

This is a key point. We must manage the little resource available to ensure the most important items are catered for first.

Thank you

[CarolinaBaby1]

Then also, there's saving but nowadays it seems it's the other way round in Naija

[Jared]

Then also, there's saving but nowadays it seems it's the other way round in Naija

It's like... e never reach to spend, how we go take save?

Guys, it's still possible.

[Kenyboy]

Buy cheaper things, if A sells for 5k and B sells the same thing for 3k, buy from B

[Jared]

Buy cheaper things, if A sells for 5k and B sells the same thing for 3k, buy from B

Provided the qualities are same.

[YoungA]

Then no matter how hard it is, we should still save up.

[Kenyboy]

Buy cheaper things, if A sells for 5k and B sells the same thing for 3k, buy from B

Provided the qualities are same.

Na Naija wey anything wey cheap na low quality