Nigerian comedian Layi Wasabi recently discussed the current state of Nigeria’s economy, specifically about the exchange rate and the low minimum wage.
During a recent appearance on The 90’s Babies Show in London, the comedian shared insights into his career, including his transition from stand-up comedy to skit making, and his experiences in boarding school.
Layi speaking on the economic challenges facing Nigeria, he described the situation as “crazy.”
He noted, “The economic situation in Nigeria is crazy, the exchange rate is crazy. The government is really old, I won’t say the president but the government is old.”
Layi highlighted the resilience of Nigerians in the face of economic hardships, emphasizing the role of comedy in bringing joy to people during difficult times.
He mentioned the impact of news on people’s mental health and the importance of providing moments of levity through his comedic content.
The comedian also emphasized the struggles faced by many Nigerians, pointing out the strain caused by the low minimum wage in the country.
“Regardless of everything, Nigerians are happy people which is why I enjoy my job because it is one of the mediums where you provide happiness for the people. I have seen situations where the news makes people depressed and I’ve seen people asking for me to drop skits to get their mind off the thing. There is always a lot going on in Nigeria which is why when they changed the national anthem we were like ‘In this situation?’”
“Since the recent increase in the dollar, it’s been hard because the minimum wage hasn’t been increased and there have been protests by the NLC for the government to increase it. A lot of people can’t afford basic amenities, we couldn’t afford it before but now we can afford it even less.”
Layi also addressing the phenomenon of mass emigration from Nigeria, known as ‘Japa,’ attributing it to the challenging economic conditions in the country.
“That’s the situation Nigeria is in and people are trying to leave the country and it’s hard too because of the stringent laws of the country we’re trying to move to. I think there should be awareness of what is going on” he stated.
