APC Leadership in Nigeria (2015–2025)

APC Leadership in Nigeria (2015–2025)

 APC Leadership in Nigeria (2015–2025)

Between 2015 and 2025, Nigeria under the leadership of the All Progressives Congress (APC) experienced major shifts in economic conditions, cost of living, and social realities. The period was marked by sharp currency depreciation, with the naira weakening significantly against the dollar, affecting imports and inflation. Fuel prices, including petrol, diesel, kerosene, and cooking gas, rose steeply following subsidy reforms and market-driven pricing, increasing transportation and household energy costs.

Food prices, especially staples like rice, recorded notable increases, worsening the cost-of-living crisis for many Nigerians. Social expenses such as Hajj fees also escalated, reflecting currency devaluation and higher international costs. While the APC government pursued reforms aimed at economic diversification, infrastructure development, and anti-corruption, rising unemployment, inflation, and poverty levels became major concerns for citizens.

Overall, the 2015–2025 period under APC highlights a decade of economic reforms mixed with significant hardship, reshaping daily life and intensifying debates about governance, economic management, and social welfare in Nigeria.

1. Currency Exchange Rate

2015: ₦197 per US Dollar

2025: ₦1,500 per US Dollar

This reflects a major depreciation of the naira against the dollar over the period.

2. Petroleum Products Prices

Petrol: ₦87 → ₦930

Kerosene: ₦50 → ₦1,300

Diesel: ₦155 → ₦1,300

Fuel price increases have had wide-ranging effects on transportation, electricity generation, and general cost of living.

3. Cooking Gas

2015: ₦180 per kg

2025: ₦1,300 per kg

The sharp rise has made clean cooking energy less affordable for many households.

4. Hajj Fare

2015: ₦700,000

2025: ₦8.5 million

The cost of religious pilgrimage increased drastically, limiting access for average-income earners.

5. Food Prices

Bag of Rice: ₦8,000 → ₦65,000

Food inflation has significantly reduced purchasing power and food security.

6. Transportation Assets

Bajaj Motorcycle: ₦170,000 → ₦870,000

Tricycle (Keke Napep): ₦370,000 → ₦3.5 million

Rising vehicle costs have affected small-scale transport operators and employment.

7. Small-Scale Tools

Sewing Machine: ₦45,000 → ₦300,000

This increase impacts artisans and small businesses.

8. External Debt

2015: $9.7 billion

2025: $100 billion

Nigeria’s external borrowing rose substantially within the period.

9. Construction Materials

Bag of Cement: ₦1,700 → ₦10,200

Housing and infrastructure costs increased sharply.

10. Employment Situation

Unemployment Rate: 13% → 48%

This indicates a worsening labor market and limited job opportunities.

11. Inflation Rate

2015: 7%

2025: 45%

High inflation has eroded real income and savings.

12. Poverty Levels

2015: 45 million Nigerians

2025: 180 million Nigerians

The number of Nigerians living in poverty reportedly increased significantly.

13. Gross Domestic Product (GDP)

2015: $493 billion

2025: $285 billion

This sho

ws a contraction in the overall size of the economy.