10 ways to survive Nigeria’s worst recession in 29 years

The tides are rapidly changing and in this unstable economy, everyone — regardless of social standing and class — must adapt to survive. Adapting can be extremely challenging especially when the situation is an economic recession in a country with more problems than just the economy. Here are some things to cut down on in order to make it out of this recession financially sane.

Generator usage

It’s bad enough the economy is crumbling faster than a cookie but how many Nigerians can recall a lenghty spell of uninterrupted power supply. Our standby household generators have for years, been doing what the government cannot do for us. Now that the situation is getting dire, generator usage should be restricted to specific hours and to take care of necessities. Comfort can wait till recession is over and we are out of troubled waters.

Eating out

Anyone who actually cooks will know that restaurants serve overpriced, often unsatisfying food. So instead of taking your hard earned money to pay for ‘fancy’ food, go to the market, buy raw food and head to the kitchen. You’ll save so much money.

Driving walk-able distances

The cost of fuel is higher than it has ever been in Nigeria’s history, so why not kill two birds with one stone while going for short errands. Take a walk or go for a run while running your errand. Your body and pockets will thank you.

Bulk buying of groceries

Constant grocery shopping can be such a chore so we tend to buy in bulk. However, a disadvantage of bulk buying is that some goods may expire or spoil before you get around to using them, hence cut your grocery shopping list down to necessities. Get what you need and not what you think you will need.

New clothes and shoes

Your old clothes are perfectly fine! Oh you think people have noticed you’ve had that shirt for a while? Frankly, it’s nobody’s business. As long as your clothes are not obviously tattered, there is no use going cloth shopping every week to impress people and depress your bank account.

Hanging out

We all love spending quality time with friends and family but instead of going someplace where you’ll spend more than you budgeted for (more often than not), invite them to your house and plan activities everyone can participate in. You’ll create a stronger bond and more lasting activities while saving money.

Vacations abroad

Also known as “the king of excesses”, vacationing abroad is officially a luxury at this point in time. Why go and spend your hard earned ‘naira’ in a foreign country contributing to the growth of their economy while leaving yours in the backseat. Stay at home!

DSTV subscription

You don’t need to pay for all the channels. It’s not a competition. You hardly ever watch more than 15 of the channels on the premium package, so why the bother? The smallest bouquet has news channels for the grown-ups and cartoons for the kids.

Water as opposed to juice and sodas

Some people think there is an award for living lavish. News flash: there isn’t.. Most of these processed drinks you desire to gulp down your throat with every meal are not even good for your health and they definitely cost more than water. Drink water, you’ll live longer.

Unnecessary phone calls

Restrict your airtime to calls with purpose (work, business). There’s no need to ask your friend what he/she is eating or staying on a call for an hour discussing what nail polish color to wear to an event. There are tons of instant messaging services.

Embrace them.

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429 Comments
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  127. 皆様、コメントアドバイスくださって、本当にありがとうございます!>出産という家族の一大事というか重要なことなのに、 >自分の願望だけで決めるのはおかしいですよね?? >みなさんなら許せますか?この件については、反省しました。支えていかないといけないですよねまた、里帰り出産しないという意見も多くありましたが、我が家は転勤族なので、里帰り出産をしないと不安です。 (自宅近くの病院で予約していて、もし妊娠9か月過ぎて転勤になったら引っ越しをしないといけないので、転勤先での病院探し等分娩予約ができるか不安という理由です・・・)このような状況なら、会社は考慮してくれると思っていましたが、そういうわけでもないのですよね新居にて家具や梱包空けたり整理整頓してきました。 しばらくは新居にいる予定です。(妊婦健診が毎週発生してくるので、交通費はとてつもなくかかりますが) 来週役所に確認しに行ってきます。

  128. Hei, MaritSÃ¥ flotte bilder – det er sÃ¥ fredfullt i skogen. Herlig Ã¥ bare nyte stillheten og sortere tanker og inntrykk. Ja, nÃ¥ er det kaffe pÃ¥ meg ogsÃ¥. NÃ¥ nyter jeg svart, herlig kaffe men jeg fester trÃ¥dene som jeg strikket i gÃ¥r kveld. Ønsker deg en fin lørdag. Klem fra meg

  129. Ich frag mich bei der endlosen Diskusion um die VDS, warum sich in all den Jahren keine wirklich einfachen und von der Breiten Masse genutzten Anonymisierungstechniken im Netz gefunden haben. Mit P2P als neuer Technologie für alle hats doch auch geklappt. Dann würden ja all die schönen gespeicherten Daten der VDS zumindest für die Urheberrechtsklagen nutzlos sein.

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  131. Ah ok Greg. Mais une révision de la constitution américaine en ce moment pourrait rendre quelques surprises Flatun,Je n’ai pas lu l’interview intégrale et je ne sais pas trop quoi penser des morceaux choisis par le Monde. Ce que je trouvais intéressant est qu’il éclate et met en lumière groupes et mouvements à l’intérieur de cette illusion que les médias ont contribué à créer, à savoir une « nébuleuse » d’islamistes-Al-Qaeda-talibans-résistants.

  132. If you look back, I think you'll find Laffer has argued quite fervently for military spending cuts.The google search of yields no peer-reviewed results.Where's the evidence other than that Reagan was a military keynesian?I understand Robert Barro, the third most quoted economist in the literature, who subscribes to the multiplier unity theory, although, I disagree. But Laffer, gimme a break.

  133. Aww, thanks Andrea! If you do want to start a craft project, feel free to ask me questions (I like sewing and crochet the most). I’ll try and help. The good thing about the granny squares I’m crocheting is I only have to do them 10 mins at a time, so there’s no pressure to keep going on for hours to find a place to stop!

  134. Bonjour Pierre,Je suis d’accord sur une partie de ton analyse mais je ne pense pas que la GLAMF est le seul responsable de notre état. Il nous faudra une grande remise en cause en interne pour retrouver la stabilité. Evidemment, le TRGM n’est pas responsable de toute cette gabegie mais il ne faut pas faire incomber nos dysfonctionnement à d’autres qui ne sont plus à la GLNF. Si de jeunes maîtres partent dans d’autres obédiences, c ‘est aussi de notre faute.BF

  135. October 6, 2010 at 6:00 pmSandra,Thanks for your comments. Regarding subscribers #’s, I wish I had a better answer. I actually just counted them both together and I’ll probably segment it next quarter. I honestly don’t do a good job with my newsletter and managing it. It’s something I need to work on. Hopefully at the end of Q4 I’ll be able to provide some more insights into this. Reply

  136. Gun The Blues : what change?that’s the change ), what do u expect from Grant to do? he cannot do better than what he did in Israel int. team and Tel Aviv. those changes are what you are seeing.when you hire Lippi, you want to see something like what he did in Juv ,When you hire Hiddink , you want to see something like he did in South Korea, Russia.when you hire jose, you like to see what he did in Porto , Cappello Juv , Tel Cate Ajax,So , Grant insrael int. team.Reply

  137. Jeg kan kun anbefale dig at kaste dig ud i det, de er så lækre!Jeg fylder dej 2/3 i hullet, drejer lidt, så dejen danner en halv skal, ligger lemoncurd i midten og fylder op med dej rundt om. Drejer konstant, så den bliver rund. Tilføjer evt en ekstra lille klat, hvis der er luft i, inden den lukkes/vendes helt.Håber det gav mening. Prøv dig frem, det er smadder nemt.

  138. Haz17 merhaba çağatay aktürk,baban, ali aktürk yoldaşa çok teşekkür ediyorum. o dönemin tepki çocuklarından çok farklı olarak, saygılı, geçmişini gururla anan senin gibi bir genç yetiştirdiği için.lütfen babana selamlarımı iletmeyi unutma.iyi çalışmalar diliyorum hoşçakal.ali önergenel başkantürkiye sosyalist işçi partisi (tsip)

  139. na vÄ›domí a dám včas vÄ›dÄ›t :Djinak ono ne nadarmo už Aristoteles/Platón tvrdili, že demokracie je vláda lůzy – v něčem mÄ›li jistÄ› pravdu … z tohohle pohledu je její verze politea, jakožto vláda čestných a moudrých, rozhodnÄ› lepší Å™eÅ¡ení … na druhou stranu takovej diktátor lidumil s jasnou vizí, to taky není Å¡patná možnost, to zas tvrdím já 😀

  140. Henrique Sousa disse:A mesma FAB que gerou o R-99, esta adquirindo o P-3AM.Devemos ter nossas opiniões e claro, mas não temos pq duvidar das decisões dos nossos profissionais.Quanto à aeronave, logo que começaram as notícias sobre o acidente, já postei aqui perguntando sobre o emprego do R-99B nas buscas, pq suas características se encaixavam na operação.Creio que poucos paises no mundo possuem aeronaves deste nível. Uma prova de que nossa FAB sabe onde colocar seus poucos recursos.

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  143. Hey – just started reading your blog this year – as a white, suburban, middle-aged woman, I just want to thank you for an engaging interesting blog – I look forward to reading it every day ! I work in a high school where as a staff we are trying to address the inequalities in learning for our minority students – encourage more to take a leadership role – and to help mentor younger students- so thank you for your blog and Merry Christmas and Happy New Year!

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