I’m a Nigerian who has lived through multiple political and economic waves from childhood in Ondo to life in Oghara, Delta State. I’m not pro or anti-government. I observe. I speak the truth. And right now, that truth is complicated.
Here’s my honest report on Nigeria's current situation under President Tinubu, the Naira collapse, and how Bitcoin quietly helps us breathe.
Life During the Naira Crisis
I personally experienced the chaos of the Naira redesign during election season. ATMs were empty. Long queues snaked outside banks. People couldn’t withdraw even small amounts. Limits were placed on daily and weekly withdrawals. Those lucky to find a POS terminal were charged ridiculous fees just to access their own money.
Everyone was in survival mode.
Ironically, no one really understood the purpose of the currency change it just triggered mass panic and suffering. The cost of food, transport, and basic goods soared. The Naira became unpredictable overnight.
Subsidy Removal: Good Move, Terrible Timing
The fuel subsidy removal was necessary. But the way it was done? Abrupt and unprotected.
Petrol stations hoarded supply. Prices tripled. Fuel became a privilege for VIPs. Transportation costs exploded. And since fuel powers everything in Nigeria from generators to delivery bikes everything else followed by the closing of some station business as they couldn't get products.
People weren’t just angry. They were broken,
The Crackdown on Crypto
Before the CBN ban, many Nigerians (including myself) used crypto Bitcoin, Ethereum, USDT to store value and hustle online. Then came the freeze: crypto declared illegal, accounts shut down.
Some gave up. Some went quiet. I stayed and moved my activities to third-party exchanges and private communities.
Crypto gave me (and thousands like me) a way to survive when the banks couldn’t. It still does. It’s not about hype. It’s about life.
Things the Government Got Right
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Fuel subsidy removal (though badly executed)
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Youth empowerment projects (some grants and digital programs)
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Improved international recognition (more visibility in global economic discussions)
What They’re Getting Wrong
Poor execution of good policies
Neglect of grassroots communication
No cushioning for the poor and middle class
Political opportunists benefiting from reforms meant for the people
How Nigerians Are Coping
Some are strong. Some turn to petty crime. Many are simply tuning out emotionally detached from government news.
As for me? I invest in my skills crypto, forex, my handwork and move quietly. I don’t wait for handouts. I move like the system doesn’t exist.
Because for many of us, it doesn’t.
Protests & Movements
I witnessed the “End Hardship” protest that lasted about 7 days. There was another TikTok-driven one called #30DaysRant. But they changed nothing. People post, People march, Then everything continues like before.
It’s not that we’re lazy we’re just tired of screaming into a vacuum.
Why Bitcoin Matters More Than Ever
Bitcoin (and crypto in general) gives Nigerian youth a second chance.
A way to earn online
A place to store value
A route around government corruption
A hedge against Naira devaluation
It may be risky, but it’s our best bet at freedom financial and mental.
To the World and Bitcoiners Everywhere:
Nigerians are resilient. We are zealous, optimistic, and determined even when the system is against us.
Our hardship is real, but it’s temporary. Bitcoin gives us hope. One day, everything will be great. Until then, we hustle smart.