As a Nigerian who has observed our situation closely, I write with both sadness and hope, a sadness underpinned by the very gloomy picture of the unrelenting hardship imposed by the Nigerian economy on the populace, forcing the people to live in pure desperation as rampant inflation has severely eroded the value of the naira.
According to data from the National Bureau of Statistics, quoted by Trading Economics, the headline inflation rate stood at 15.93 percent in May 2026. Food inflation reached 16.96 percent, while core inflation was 16.82 percent. Prices of essential goods such as food, fuel, transportation, and medicine have risen sharply, often doubling or tripling within short periods, while salaries for most workers remain unchanged and there are almost no meaningful cost of living adjustments.
Jobs are scarce, and as such so many able men and women remain either unemployed or underemployed, often surviving on irregular and low paying labor that barely meets daily needs. According to Nairametrics, the World Bank has reported that Nigeria's poverty rate rose to 63 percent in 2025, affecting about 140 million Nigerians. This means the majority of Nigerians live below the poverty line even as macroeconomic figures sometimes show slight improvements that do not reach ordinary households.
Then there is the issue of infrastructure failures which compound the crisis. Power supply in Nigeria is highly unreliable, the national grid suffers frequent collapses, and actual electricity generation often falls far short of installed capacity, leaving homes and businesses in darkness for days or weeks while firms and families spend heavily on generators and fuel just to keep basic operations running.
This reality is what has informed IPTT's decision to generate our own electricity through the purchase and installation of inverter batteries, solar panels and a diesel generator rather than rely on the unreliable power infrastructure. Roads are in poor condition in many areas which significantly raises transportation costs further, and clean water remains difficult to access in many communities. These systemic breakdowns are not occasional inconveniences but the daily realities that Nigerians are forced to endure.
When fuel prices surge or another wave of inflation hits, families that once seemed stable are plunged overnight into deeper poverty so that without meaningful savings, a stable income, or any reliable buffer they have little protection. Many suffer deeply not mainly because of personal mistakes but because the systems around them continue to fail.
In this environment, numerous Ponzi schemes that appear every other year find ready victims as desperation has forced people to be less circumspect. These schemes appear, promising quick relief but leave only ruin. The promoters of these schemes, often out of their own desperation, take advantage of the widespread hardship and limited options.
The Church in Nigeria is by no means spared from the economic realities the populace face. A called brother who spends his days searching for the next meal or worrying about rent cannot give himself fully to study so that many gifted and called men who could become faithful pastors and teachers remain untrained; Churches then suffer from shallow teaching and weak leadership, the flock goes underfed, and the Gospel advances more slowly in our land.