22/10/2025
The Exploitation of the Masses Through Inflation and Currency Devaluation
Inflation and the devaluation of our national currency, the Naira, are not merely economic challenges but also forms of corruption that serve as exploitative strategies. These mechanisms primarily target the masses—the majority of the populace—by continuously diminishing their purchasing power, plunging them into financial instability, and making basic necessities increasingly unaffordable. The result is a society where the common people struggle daily to survive, while a privileged few continue to thrive on the suffering of others.
The deliberate mismanagement of the economy, coupled with policies that weaken the currency, creates an environment where the masses are rendered powerless, dependent, and unable to escape poverty. This economic oppression is not accidental but rather a calculated system designed to keep the majority in a perpetual state of hardship. When the value of money declines, salaries and savings lose their worth, making it nearly impossible for the average citizen to achieve financial security.
While the people bear the brunt of these economic difficulties, the beneficiaries of corruption—those in positions of power—use the situation to their advantage. They manipulate policies, hoard wealth, and invest in foreign assets, shielding themselves from the economic turmoil that devastates the masses. Their families enjoy a life of comfort, luxury, and financial security, while the rest of the nation struggles with unemployment, rising costs of living, and deteriorating public services.
In this system, the masses are kept in a state of financial servitude, unable to challenge those who control the economy. By ensuring that the people remain preoccupied with survival, the corrupt elite maintain their grip on power, making it nearly impossible for real change to occur. Inflation and currency devaluation, therefore, are not just economic phenomena but tools of exploitation, reinforcing a cycle where the rich get richer and the poor become even more helpless.
By Alh. Bello Abdullahi Ex-comptroller of custom
