Nigeria's recession day-to-day living

As the recession in Nigeria continues to grip the nation, the impact on day-to-day living has become increasingly evident among its residents. CNBC Africa delves into the recession diary for this week, uncovering the struggles and adjustments that individuals are making to cope with the challenging economic conditions. One interviewee shared how the recession has significantly altered their consumption habits, with a noticeable shift towards thriftiness and cost-saving measures. They highlighted the change in their clothing habits, opting to launder their clothes instead of purchasing new ones, a practice necessitated by financial constraints imposed by the recession. The individual expressed a newfound interest in agriculture as a potential means of economic survival in the face of dwindling resources. This sentiment reflects a broader trend of Nigerians seeking alternative livelihoods and exploring unconventional avenues for financial stability amidst the recession. The interviewee also touched upon the impact of rising costs on everyday activities, such as transportation, noting the decision to forego driving in favor of more cost-effective public transport options. The escalation of fuel prices has prompted many to rethink their spending, leading to strategic adjustments in budgeting and financial planning. The struggle to make ends meet is palpable as individuals navigate the economic turmoil, resorting to multiple income streams and resourceful strategies to sustain their livelihoods. Despite the challenges brought about by the recession, resilience and adaptability shine through as Nigerians persevere in the face of adversity.