Women in business, lady entrepreneurs and housewives in Ibadan, over the weekend, cried out over the harsh economic situation of the country.
The women, who spoke in Ibadan, said that life had become brutish, short and nasty, adding that entrepreneurs are shutting down and many have lost their mental wellness as a result of high cost of living, poor purchasing power of money, high inflationary rate, low sales’ turnover and others.
The Convener, Ibadan Entrepreneurs Network, Dr Oyenike Adeleke, who spoke on the development, said: “The effects of these issues are enormous.
“Some business owners and creatives are beginning to look for paid employment. It has also affected the standard of living and has reduced our contributions to the global market.
“These issues have also gone ahead to affect the mental wellbeing of business owners. Strong men are breaking, and strong women are losing hope. It’s sad.”
Executive Director, Women in Unpaid and Informal Employment in Nigeria (WIIEN), Alaba Ehindero, who also said life has become difficult for many households.
The women, therefore, called on President Bola Tinubu to return fuel subsidy if that would help the matter and do something about the exchange rate.
They also urged the President to tackle insecurity in the South-West.
