News Update

Overcoming Depression, Anxiety in an Economically Volatile Nigeria

By Prince Tony Ezeimo

Nigeria, a country with immense potential and rich resources, has been facing numerous challenges over the years, resulting in economic instability and hardship for its citizens. The initial promises of the APC-Tinubu- led government during their electioneering were indeed appealing, but the reality has left many Nigerians disillusioned and struggling to cope with the adversities they face daily.

The removal of fuel subsidy, high inflation, epileptic power supply, and the escalating costs of education are just a few of the issues contributing to the economic volatility in the country. Coupled with security concerns and negative perceptions abroad, these challenges have led to an increase in depression and anxiety among the populace. However, amidst these trying times, there are coping strategies and paths towards resilience and hope that can be explored to navigate through the hardships in Nigeria.

Understanding Depression and Anxiety in Nigeria

Depression and anxiety are becoming increasingly prevalent Mental Health concerns in Nigeria, exacerbated by the tough economic conditions and uncertainties facing the nation. Constant exposure to distressing news and personal struggles can lead to feelings of hopelessness, helplessness, and anxiety about the future.

The lack of access to basic necessities and a stable socio-economic environment can take a significant toll on mental well-being, causing many to feel overwhelmed and despondent.

In such an economically volatile environment, it is crucial to recognize the symptoms of depression and anxiety, such as persistent sadness, loss of interest in activities, difficulty concentrating, sleep disturbances, and frequent feelings of fear and worry. These Mental Health challenges should not be ignored or stigmatized, but instead, individuals and communities should strive to promote mental health awareness and support.

Cultivating Resilience and Finding Support

In the face of adversity, fostering resilience is essential for individuals and communities alike. Resilience is the ability to adapt and bounce back from difficult circumstances, and it can play a crucial role in overcoming depression and anxiety. Here are some strategies to cultivate resilience in economically volatile Nigeria:

  1. Building Supportive Networks: Connecting with friends, family, and communities can provide emotional support and a sense of belonging, making it easier to cope with challenges. Sharing experiences and providing mutual assistance can alleviate feelings of isolation and despair.
  2. Seeking Professional Help: Mental health professionals can offer invaluable guidance and support in navigating through depression and anxiety. Accessing counseling or therapy can help individuals process their emotions and develop coping mechanisms.
  3. Focusing on Positive Aspects: Although the economic situation may seem bleak, focusing on positive aspects, such as personal achievements, small joys, and community initiatives, can improve one’s outlook and promote hope.
  4. Practicing Mindfulness and Self-Care: Engaging in mindfulness practices, such as meditation and deep breathing exercises, can help reduce stress and promote mental well-being. Prioritizing self-care activities, such as regular exercise, sufficient sleep, and healthy eating, can also contribute to overall resilience.
  5. Empowering Education: Pursuing education and knowledge can provide opportunities for personal growth and empowerment. Despite challenges in the education sector, there are still options for gaining knowledge through online resources and vocational training.

Tackling Economic Volatility and Inequality

Addressing the root causes of economic volatility and inequality is crucial for improving the overall well-being of Nigerians. While these issues might seem daunting, there are practical steps that can be taken to start addressing them:

  1. Economic Diversification: Nigeria’s heavy dependence on oil revenues makes the economy vulnerable to fluctuations in global oil prices. Diversifying the economy and investing in other sectors, such as agriculture, technology, and manufacturing, can create more stable sources of income and employment opportunities.
  2. Transparent Governance: Implementing transparency and accountability in government spending can help ensure that resources are appropriately allocated and utilized for the betterment of citizens. Reducing corruption and promoting good governance will contribute to a fairer economic system.
  3. Social Safety Nets: Establishing social safety net programs can provide a lifeline for vulnerable populations during economic downturns. Targeted assistance, such as food subsidies, cash transfers, and healthcare support, can help alleviate immediate suffering.
  4. Prioritizing Education: Improving the education sector is essential for empowering future generations and fostering economic growth. Investing in quality education at all levels and making it accessible to all will create a more skilled and competitive workforce.
  5. Encouraging Entrepreneurship: Supporting small and medium-sized enterprises can foster job creation and economic growth. Initiatives that provide financial support, mentorship, and business training can enable individuals to start and grow their businesses.


Overcoming depression and anxiety in an economically volatile Nigeria requires a multifaceted approach that addresses both the immediate mental health needs and the underlying economic challenges faced by citizens. Fostering resilience, seeking support, and promoting mental health awareness are essential in navigating through these difficult times.

Additionally, taking steps to address economic volatility and inequality will provide a more stable and prosperous environment for the future. By working together and striving for positive change, Nigerians can overcome the adversities they face and build a more resilient and prosperous nation.

Prince Tony Ezeimo (Ikenga Nimo) writes from Nimo