STANDARD OF LIVING IN NIGERIA

This study examines the impact of inflation on Nigerians' standard of living under President Bola Ahmed Tinubu’s administration (2023–2024). Inflation has significantly affected purchasing power, food security, income inequality, unemployment, and access to social welfare services such as healthcare and education. Using a quantitative research approach, data were collected from 127 respondents through a structured
questionnaire. The findings reveal that inflation has reduced household purchasing power, increased food insecurity, widened income inequality, and contributed to rising unemployment. Additionally, inflation has negatively impacted access to quality healthcare and education, as many households struggle to afford these essential services. Despite government efforts, existing policies have been largely ineffective in mitigating the effects of inflation. To address these challenges, the study recommends stronger monetary and fiscal policies to stabilize prices, targeted interventions to improve food security, wage and tax reforms to reduce income inequality, job creation initiatives to support small businesses, and increased investment in social welfare services. Implementing these measures can help reduce inflation's adverse effects, stabilize the economy, and improve the standard of living for Nigerians