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Nigeria Hit By Its Worst Economic Crisis, Currency At All-time Low Against Dollar

Nigerians are going through an unprecedented economic crisis due to spiralling inflation rates, coupled with monetary policies that have weakened the local currency against the dollar.

| Photo: AP

People hold banners and protest due to the economic hardship in Ibadan, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

Pedestrian shop for food items at the Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

Pedestrian shop for food items at the Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

People sell onions at a Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

Workers offload grains from a truck at the Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

People sell yam tubers at a Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP

People hold banners and protest due to the economic hardship in Ibadan, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

A woman sells crayfish at a Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP/Mansur Ibrahim

Pedestrians shop for tomatoes and other food items at the Mile 12 Market in Lagos, Nigeria.

Nigeria Economy Hardship
Nigeria Economy Hardship | Photo: AP

People hold banners and protest due to the economic hardship in Ibadan, Nigeria.

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