CLEAN : Nigerians lament coronavirus budget crunch as fuel and electricity prices soar

The video discusses the challenges facing Nigeria's economy, highlighting the need for effective management and the inability of the government to sustain subsidies in sectors like petroleum and electricity. It critiques the political leadership for prioritizing positions over responsibilities, causing hardship for Nigerians. The impact of increased tariffs on production costs and the cost of living is also examined, especially during the lockdown period, affecting families and businesses.

What is the main reason the government can no longer sustain subsidies in Nigeria?

• Lack of competent leaders

• Insufficient funds

• International pressure

• Public protests

What is the primary issue with the political leadership in Nigeria as discussed in the video?

• Over-reliance on foreign aid

• Inability to communicate effectively

• Focus on personal gain over public duty

• Lack of international support

How have increased tariffs affected production costs according to the video?

• They have decreased production costs

• They have had no impact on production costs

• They have significantly increased production costs

• They have stabilized production costs

Why is the timing of the economic changes considered inappropriate?

• Because of the ongoing lockdown

• Due to a recent economic boom

• Because of international trade agreements

• Due to a decrease in population

What is the effect of increased transportation costs as mentioned in the video?

• They have improved public transportation

• They have had no effect on the cost of living

• They have increased the cost of living

• They have reduced the cost of living