Stable Naira, Reserves Not Translating To Better Living Conditions – Economists Lament

Economists have decried that despite improved macroeconomic indicators, including a more stable naira, rising external reserves and easing inflation, Nigerians are yet to feel the impact in their daily lives as the cost of living remains high and purchasing power weak. They argued that while stabilisation has been achieved on paper, it has not translated into affordable food, transport, jobs and better business conditions, urging the government to shift focus from headline numbers to real incomes and household welfare. Chairman of Alliance for Economic Research and Ethics, Dele Oye, said Nigeria's improving macroeconomic indicators have not translated into better living conditions for citizens. He noted that national inflation of 15.39 per cent masks harsh realities, citing 51 per cent food inflation in Adamawa in July.

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