Inflation and Cost of Living:Nigeria's Economic Collapse

27/05/2025 37 min Temporada 4 Episodio 3

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Episode Synopsis

In this episode of the I Am Change Podcast, we confront one of the most urgent challenges facing Nigerians—inflation and the soaring cost of living. With Nigeria’s inflation rate currently at 23.71% and food inflation at 21.26%, essentials like rice, maize, and wheat are becoming increasingly unaffordable. What does this mean for your money, your future, and your daily survival?Joining us is Kalu Aja, a seasoned financial educator and analyst with over two decades of experience in capital markets and personal finance. Together, we unpack:What inflation is and how it impacts your everyday expensesThe root causes of Nigeria’s inflation crisisThe widening gap between wages and the cost of livingHow to protect your savings and investments from losing valueSmart budgeting and spending strategies during economic downturnsWhat the government can do and what they aren’t doingPractical tips for individuals, families, and small businesses navigating tough timesYou can get Kalu Aja’s book on Amazon ⁠here⁠, and his podcast ⁠here⁠Whether you're trying to make ends meet, plan for the future, or simply understand what’s happening with Nigeria’s economy, this episode is packed with insights you don’t want to miss.Tune in now and equip yourself with the knowledge to thrive in a collapsing economy.Follow I Am Change Podcast on Social media:Facebook: https://www.facebook.com/iamchangepodcastInstagram: https://www.instagram.com/iamchangepod/Twitter: https://twitter.com/iamchangepod