Having an extra source of income in Nigeria today is not a choice but a necessity, as sapa continues to deal with Nigerians on a large scale.
Sapa, a Nigerian parlance meaning a person’s financial strength is inadequate to cater for his welfare and needs is what most people are experiencing in Nigeria today.
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A regular 9-5 worker is at the moment, anxiously counting down to pay day in order to break free from the strangling hold of ‘SAPA’.
Surviving the exceptionally long but usual 31 days of January is a problem in Nigeria as the economy fails to give hope to it’s citizens.
Sapa, stares the average Nigerian in the face with no hope of how to turn the situation around or improve it.
The ongoing fuel scarcity has contributed In no small measure to the woe that has befallen the people, the hike in fuel price has affected the price of transportation which is eating deep into the pocket of the ordinary man.
Also, the insensitivity of the Central Bank of Nigeria (CBN), is quite disheartening, formulating harsh policies and expecting compliance within the shortest frame of time and that’s not forgetting about the 16.5% lending rate increment.
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Interestingly, the federal government has continued to borrow with lots of assurance that there will be a turn around yet Nigerians are getting more impoverished.
A derica of rice sells for N650 this time last year it was N300. Beans is N600 but used to be N250.
Electricity tariff has increased by well over 20% even though the light is not constant so business owners still end up buying fuel that is in short supply for only God knows why in a crude oil producing nation.