Eko Hot Blog reports that the harsh economic conditions, marked by increasing living costs, have not spared students in tertiary institutions, compelling many to resort to unconventional means to sustain themselves.
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Gone are the days when undergraduates flaunted their high standard of living with cash and home appliances upon returning to campus.
The current economic challenges have impacted parents’ and guardians’ ability to provide a comfortable standard of living for their children or wards.
Economy&Lifestyle investigations have revealed that students in tertiary institutions are now selling off their home appliances and gadgets to make ends meet during challenging times.
Osazuwa Akinola, a student, shared insights into this struggle, stating, “It is very disheartening to see your fellow student suffer to get food and survive in this harsh economy. The economy is not smiling at our parents and guardians, so it is affecting us too.”
Students are reported to buy gadgets when prices are low, using their idle cash. Conversely, those facing financial difficulties sell these items when they need money to cover essential expenses.
Akinola further explained, “Before, some of my mates in the hostel came with bags of foodstuffs and other useful appliances that helped one relax, but now the cost of food has tripled, and such scenarios have ceased to exist.”
The economic challenges extend beyond the campus as businesses near educational institutions reportedly take advantage of students, assuming they have money and raising prices when students make purchases.
Akinola added, “They have forgotten that what is affecting the economy is affecting parents and guardians and also affecting us.”
To cope with these financial strains, many students are turning to popular e-commerce platforms to buy and sell used home items and appliances, including beds, fridges, cupboards, gas cylinders, and televisions, among other things.
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Miss Lovet Momoh, a 200-level student, shared her personal experience, saying, “I was hoping to have a wonderful standard of living since 100 level in school. But the death of my father coupled with the current state of the economy shattered my dreams.”
Facing financial difficulties, Momoh turned to buying used items from graduating students, reselling them online to generate additional income. She expressed, “God help us,” reflecting the challenging circumstances many students are grappling with as they navigate the economic hardships affecting both their families and personal lives.
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