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Al Jazeera
Al Jazeera
Business
Pelumi Salako

Economic downturn punctures joy of festive season in Nigeria

Grammy Award-winning Nigerian musician Burna Boy performs at the Coachella Valley Music and Arts Festival in April 2023 in Indio, California [File: Amy Harris/Invision/AP]

Lagos, Nigeria – Chinenye Ikechukwu’s Decembers are usually dotted with concerts, parties, and restaurant and beach outings with friends. But this year, the 27-year-old resident of Yaba in Lagos has stayed mostly at home due to the economic downturn plaguing Africa’s largest economy.

The rising cost of living and soaring inflation, which stands at 28 percent, forced her to draw up a preference list. What was most painful to strike out was Detty December, as Nigeria’s end-of-year celebrations are known. They feature a rolling succession of concerts, parties and other festivities.

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