Analysis - University students are among those hit hardest by the Tinubu administration's IMF-directed austerity programme.
University students are among those hit hardest by the Tinubu administration's IMF-directed austerity programme.
"I now eat only once daily. And I do that a few hours after noon so that I'd be fine till the day ends," he told African Arguments on a Thursday morning in March. Ajadi's new reality does not exist in isolation. Across the country, young people have resorted to extreme austerity measures to cope with the country's economic crisis, the worst since the majority of them were born.at least half of its value against the dollar over the past 12 months.
"Eating three times a day is a luxury now and not everyone can afford it, including me," she says."I've had to be more prudent with my spending." For example at the University of Ilorin in Nigeria's North Central, anyone who stays off-campus, where the majority of students live due to the low capacity of on-campus hotel facilities, will spend an average of N15000 monthly, equivalent to 50 percent of the country's N30,000 minimum wage for workers.
"What they can control to be more creative with their time. This is not the time to rely on their allowance only. They probably want to pick up a skill or an activity that'll give them an extra stipend. It might be by exploring work-study schemes and paid internships and ensuring they do them in ways that don't affect their studies," Rildwan added.There was a problem processing your submission. Please try again later.
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