If the Nigerian middle class is not catered for urgently, they may be responsible for Nigeria's next phase of the uprising.
Last week, I extensively talked with a set of enterprising, upwardly mobile young men and women in Abuja. I chose to label that interactive session “lamentations of despairs”.These young people are your typical hustlers. That conversation centred on an economic phenomenon our economic gurus neglected. But it is responsible for why our economy is not healthy. An in-depth understanding of the phenomena will undoubtedly mark a turning point in our approach to economic planning and governance.
The United Nations categorises them as those whose income is between $10 and $100 daily. This categorisation is comprehensive and captures most middle-class income in developing countries. In Nigeria today, a person at the lowest rank of this spectrum earns about N240,000 per month and at the high spectrum, N2,400,000 per month.
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