How Nigerians can cope with the current economic recession
The news in Nigeria of late has been filled with many words, but one that scares everyone most is the word: Recession. There have been rumors that the Nigerian economy was facing a rapid downturn over a long time, but right now, those rumors have graduated into fact. Recession in Nigeria has affected foodstuff prices The prices of foodstuff, of staples and other things Nigerians use from day to day have skyrocketed. The panic is spreading slowly as people are finding it difficult to afford food and other important things. How though can families and individuals pull through this economic recession successfully? 1. Budget During this recession, it is vital to spend wisely. One key way to do that is to have a budget. Whether as a family or an individual that lives alone, a budget needs to be created for food, drinks, clothes, internet, recharge cards and so on. The budget should not only be created, but should be adhered to. Setting a fixed amount for each need