![Report Reveals Biggest Challenges Facing Nigerians: High Cost of Living, Insecurity, Others Top List](/sites/default/files/styles/focal_point_325x195/public/2024-09/1000219377.jpg?h=8f74817f&itok=FbWt-jNj)
Crime and security took the second position on the list of challenges facing Nigerians.
High cost of living has been identified as the major challenge facing Nigerians.
This is according to a document titled 'Corruption in Nigeria: Patterns and Trends,’ prepared by the National Bureau of Statistics in partnership with the United Nations Office on Drugs and Crime.
Crime and security took the second position on the list of challenges facing Nigerians.
The report released in July 2024, covering the 2023 fiscal year, reveals the most pressing issues affecting Nigerians: high cost of living (22.6%), crime and insecurity (19%), unemployment (13%) and corruption (10%).
These concerns are exacerbated by rising food and general inflation rates, which have persisted from 2023 into 2024. Nigerians have expressed widespread dissatisfaction with government policies, citing struggles to meet daily necessities.
The Bola Tinubu-led administration's fuel price hike has drawn criticism for disregarding the populace's plight.
Corruption remains a significant challenge with 52% of bribes sought directly by public officials, 90% of bribes paid in cash or money transfers and over N700 billion bribes paid in 2023.
Nigerians are battling with unemployment especially as businesses have continued to shut down due to the current economic hardship.
SaharaReporters recently reported that eight million businesses were shut down in eighteen months - between January 2023 and June 2024, according to the National President of the Association of Small Business Owners of Nigeria (ASBON), Mr Femi Egbesola.
Despite repeated government assurances to combat insecurity, kidnappings and killings continue to plague the country.
The Tinubu administration's investment in the security sector has yielded little progress. N3.2 trillion was allocated to security interventions within the first year of the Tinubu government, yet the scourge of insecurity persists.
This significant expenditure has failed to translate into tangible improvements in safety and security for Nigerian citizens.
The ongoing insecurity crisis underscores the need for effective policy implementation, strategic planning, and accountability within the security sector.
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