As the nation grapples with swiftly rising inflation, high unemployment rates and a web of complex economic uncertainties, a dark shadow is cast over the dreams and aspirations of many.

The prices of essential commodities have skyrocketed and people are experiencing job insecurities as they struggle to make ends meet daily. With this much financial burden on the shoulders of Nigerians, the psychological toll of these harsh conditions on their mental health needs to be looked into.

This article will look into what mental health is and the need for Nigerians to prioritize their mental health despite the current jeopardizing situation the country is faced with.

Mental health refers to a person’s emotional, psychological, and social well-being. It encompasses how we think, feel, and act in our daily lives. Maintaining good mental health is crucial for overall well-being and can affect a person’s quality of life, relationships, and ability to cope with the stresses of everyday life.

Mental health includes a wide range of emotional states, including happiness, sadness, anger, and anxiety. It is a dynamic and ever-changing state that can be influenced by factors such as genetics, trauma, and stress.


The harsh economy has a significant impact on the mental health of people in society. High inflation, job losses, and economic instability create a climate of uncertainty, leading to increased anxiety and depression. Many individuals struggle with financial worries and mounting debts, which can have a detrimental effect on their overall well-being.

Financial stress can manifest in various ways, such as sleeplessness, irritability, and isolation, as people may withdraw from social activities due to lack of funds.

The psychological effects of financial stress are compounded by the stigma associated with mental health issues, as many individuals may feel ashamed or embarrassed to seek help.
The economic instability that many people face in today’s world can have a significant and lasting impact on their mental health. High unemployment rates, inflation, and the cost of living can create financial stress and uncertainty, leading to depression, anxiety, and other mental health issues.

People who struggle with financial difficulties may find themselves in a vicious cycle of debt and stress, which can negatively affect their ability to function in their daily lives. They may have difficulty paying for basic necessities like food, housing, and healthcare, which can lead to further stress and anxiety.

When faced with economic instability, people may also experience increased levels of stress, which can have a number of negative effects on physical and mental health. For example, chronic stress can weaken the immune system, making people more susceptible to illness and disease. It can also disrupt sleep patterns, leading to insomnia and fatigue.

In addition to the direct effects of economic instability on mental health, there may also be indirect effects on communities and families. For example, children who grow up in economically unstable households may be at increased risk for mental health issues like anxiety, depression, and behavior problems.

Experts have harped on some potential solutions for Nigerian societies to address the mental health issues caused by economic instability:

Mental Health Awareness: Increasing awareness about mental health issues and reducing the stigma associated with seeking help can encourage people to seek treatment.

Affordable Mental Health Services: Providing access to affordable mental health services can ensure that people have access to the care they need.

Government Support: Government programs that offer financial assistance, job training, and other forms of support can help alleviate financial stress and improve mental health.

Encourage Social Support Networks: Strong social support networks can help alleviate the stress and isolation associated with economic instability.

Increase Financial Literacy: Financial literacy programs can help individuals and families better manage their finances, reducing stress and anxiety.

Provide Emergency Assistance: Providing emergency assistance, such as food and shelter, can help alleviate immediate financial stress and improve mental health.

Improve Workplace Mental Health Initiatives: Workplaces can implement mental health initiatives, such as stress management programs, to support employees during difficult economic times.

However, there is a need for everybody in the society to be their brothers keeper. If you see something, say something and the Government will act accordingly.




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Oyo Truth is an independent online news /medium reporting up-to-date events, happenings and activities related to Oyo State, Nigeria.

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