recession Archives - NaijaTube

How To Cope In Nigeria’s Recession

TubeMan — Thu, 05 Jan 2017 09:59:05 +0000

We are almost a week into 2017 but the Nigerian recession is well and truly still in effect.

So the question – How is the Nigerian recession affecting you? Is still very relevant.

BattaBox’s Odunayo, hit the streets of Lagos once again to find out from Nigerians, how they feel about the current economic climate sweeping over the entire country.

Here’s what they had to say…

“They are the killers…the pen robbers…they supposed to face a firing squad because the amount of people they kill is more than the armed robbers kill!” one man insists.

“I find it difficult to pay my children’s school fees,” one lady laments.

“I’ve been affected in different ways, health condition…”a young lady sounds defeated.

“House rent has increased,” a lady explains.

“The standard of living has reduced,” another woman complains.

How is the recession affecting YOU?

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Can You Cook Stew For Less Than N1000 In A Recession?

TubeMan — Tue, 20 Dec 2016 13:35:54 +0000

Since the current recession hit Nigeria like a tonne of bricks, prices of EVERYTHING have been skyrocketing but the one thing that every single Nigerian has definitely noticed is how the current economic climate has impacted the price of food in the market.

Now…If it was just food, we could manage. After all, we are a nation of survivors but it’s EVERYTHING.

You want to buy tomatoes and pepper?

Fine but if you want the seller to grind them for you, you must pay extra.

Why?

Because the price of oil for the grinding machine has increased.

So BattaBox sent our presenter Adeola to Ketu Market – Her mission?

To see if she could buy the ingredients she need to cook rice and stew for under 1000 naira like she used to before ‘change’ occurred and let’s just say the task wasn’t as simple as she thought it would be…

“Make I buy tomato and pepper from you, 300, make you ground for me 50 naira, then you give me onions, 50 naira,” Adeola instructs.

“No onions 50 naira for Nigeria now o!” the lady shakes her head, “You no know?” she tells Adeola.

“One carton of fish I dey buy am 30,000 before now na 12,000 naira,” one market woman laments.

“Fish is even more costlier than meat now,” a potential customer agrees with the seller.

“Rice was 15,000, 12,000 but now, the last I bought was 20,000 naira,” one man states.

“We are not selling like before,” a lady shakes her head.

How are YOU coping?!

Are you still able to buy food for a reasonable price?!

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How Has Nigeria’s Recession Affected You?

TubeMan — Tue, 06 Dec 2016 08:26:00 +0000

Ever wondered what people have to say about Recession?
Watch this and share your view with us @maltaguinnessng #Youvs #LetsGo
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Nigeria Recession Affects Second Hand Car dealers In Benin Republic

TubeMan — Tue, 27 Sep 2016 05:18:18 +0000

The economic recession in Nigeria is clearly not affecting only Nigerians but also people in other countries who have a market for Nigerians.

“The exchange rate is giving us a headache,” says one man

Battabox presenter Harrison Hamson visits one of the biggest car dealing parks in Benin Republic, where he spoke to car dealers on how the economic recession in Nigeria has affected their car sales and business in general.

“The strength of this business comes from Nigerians,” says one man

According to Mr Muhammed – a car dealer in Benin Republic, he said in 2014, they imported about 375,000, in 2015 250,000 cars while this year, they have only imported 60,000, he also mentioned that he hasn’t seen some of his customers in six months since the recession started in Nigeria.

“We’ve lost about 80% of our Nigerian customers,” says Mr Muhammed

Nigerians love their cars, and apparently, majority of the cars plying the roads in Nigeria were purchased from Benin Republic. But are Nigerians still buying cars in this recession?

Watch and enjoy!

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