• Friday, November 08, 2024
businessday logo

BusinessDay

Cost-of-living crisis dents Nigeria’s middle-class dreams

cost-of-living-1
Adewale Williams always dreamed big for his family. In the buzzing city of Lagos, he once envisioned owning a small, comfortable home with enough space for his two children. But in the last two years, these dreams have begun to fade under the weight of Nigeria's relentless cost-of-living crisis. For most of his life, William’s job as a mid-level accountant meant stability, not luxury. He never expected riches, but he valued the comfort he could afford: the ability to save, occasional treats for his family, and the hope of creating a secur