Tuesday, 1 November 2016

Current economic realities under President Buhari's regime makes saving almost impossible in Nigeria

Nigerians saving in the bank

Nigerians on Monday in Lagos clarified that the economic reality currently facing the country was making it hard for them to save any unused cash in the bank. As a cross segment of them told newsmen that rising expansion and expanding costs of products and enterprises left numerous with nothing to spare.

These Nigerians gave their feelings on World Savings Day, a day made to build the general population familiarity with the significance of investment funds for present day economies and people alike.

According to Mr Uche Obodo, a government worker, who lamented how his take home could scarcely take him home, considerably less sparing in the bank.

He further observed that the high rate of inflation and the day by day increases in cost were putting much weight on what was left as pay. I can scarcely sustain my family with my pay. It is not as though I don't have the foggiest idea about the significance of sparing cash for the stormy day, however it is not only workable for me to do as such now.''


Also speaking, miss Bola Ogundele, an instructor, said that sparing required discipline yet included that she didn't have anything left in the wake of paying her bills. As she narrated that “most times I borrow almost half of my salary before it comes. The salary is not enough for my upkeep” she narrated.

No comments:
Write comments