Browsing: poverty

Rising costs of living is one evil that must be tamed by all means possible because of its capacity to destroy quality living, and difficulty in keeping up with the basic necessities of life such as access to medicare, good nutrition, housing, clothing, transportation and utilities. In any country experiencing rising costs of living, even the middle- and high-income classes are not spared. Their incomes become barely sufficient to take care of their daily needs, they can no longer set aside part of their incomes to save or invest, and several indulgence like vacations become luxuries.

Those who think and believe that Bola Tinubu, the Nigerian President, will improve his country’s economy by creating jobs and reducing poverty will remain in the eternal wish as that will not happen under him. Tinubu makes no pretence about his alignment with the neoliberal model of development. His policies support a naked neoliberal capitalist system. And the economists and free market fundamentalists have continued to hail him as a man with the big balls to have followed that path.

The book: “Tenderly Moulded through the Kiln (2023, Impeccable Publishing),” tells the story of Professor Fatai Adeniyi, the current Deputy Provost, College of Medicine, University of Ibadan. Published on his 50th birthday, the book discusses his triumph over the vagaries of life, his victory over poverty and lack in his journey of life. And it is written by his very elegant wife, Dr. Yetunde Adeniyi.

It was the late economist, John Kenneth Galbraith, in the book: “The Nature of Mass Poverty,” who warned that: “Poverty is man’s (and woman’s) most powerful and massive affliction. It is the progenitor of much further pain – from hunger and disease on to civil conflict and war itself.” In our case in Nigeria, beyond our self-inflicted ethnic and religious conflicts, poverty is also at the root of all the kidnappings, abductions and banditry.

An estimated 2,000 people enter Lagos every day, many ending up in informal settlements like Obalende. It was founded as an artisan village in the late 19th century by immigrants from a prominent ethnic group as this remains largely disputed with different understanding emerging. As its population swelled and land ran out, they moved on to the water. Today, Obalende is home to people from a variety of riverine communities along Nigeria’s coast.