Monday, July 6, 2026

Naira scarcity giving Nigerians mental breakdown: Experts

The psychiatrist also said that the trend had brought many to the verge of developing psychiatric problems.

• February 9, 2023
Long Queues at ATM
Long Queues at ATM (Credit: Business Day)

Some psychiatrists in separate interviews on Thursday in Lagos said the scarcity of cash was beginning to affect the mental health of Nigerians. 

They say the development is negatively affecting the mental health of the people, thus making some of them more vulnerable to mental health conditions.

The Vice-President, Association of Psychiatrists of Nigeria (APN), Dr Veronica Nyamali, said that the scarcity of naira notes had contributed to the existing mental health instability in the country.

She also said that the trend had brought many to the verge of developing psychiatric problems.

Ms Nyamali said that the naira scarcity had made those who were vulnerable to mental health issues to totally develop mental health disorder, while those not vulnerable were also being put at risk.

According to her, the Nigerian economy, still in the post COVID-19 era where people are trying to cope and revive their businesses, with the election drawing closer, then suddenly the scarcity of new naira issue crops up.

She also expressed concern that the current situation had inflicted additional stress on the citizens.

According to her, when an economy has lots of psychosocial issues like this, the situation will definitely affect the mental health of the citizens.

She said, “Already most Nigerians are battling with one underlying behavioural mental health problems or the other, such as depression, anxiety, alcohol and substance abuse.

“Presently, people do not have enough sleep. Instead, they spend lots of their productive time at fuel stations and bank ATM points.

“There are different displays at banks; people are aggressive; some are even going to the extent of fighting and using abusive words on others without minding the implications.

“The truth is that in all of these, the citizens’ mental health is being affected.

“The situation is enough to bring those who are vulnerable to mental health problems toward fully developing mental health conditions and equally putting the non-vulnerable ones at risk.”

Ms Nyamali, therefore, advised Nigerians to be conscious of their mental health, particularly at this period so that they could remain mentally stable.

Similarly, Dr Taiyeola Kajero, a consultant psychiatrist with Federal Neuropsychiatric Hospital, Yaba, Lagos, said that the naira issue, combined with other challenges, were bound to increase the number of people having mental health disorders.

According to Mr Kajero, many people have resorted to taking drugs and alcohol in the process of trying to cope with the challenges.

He also said that the situation had put many in depression, with some losing interest in activities that normally gave them joy.

“Before now, people were going through lots of stress in the country, which has led many into depression.

“And when someone is depressed, anything can happen. It can result in suicide, homicide or even violence,” Mr Kajero said.

On his part, Dr Jibril Nubi, a resident psychiatric doctor, expressed the need for adequate sleep and rest to reduce the risk of mental health conditions among Nigerians.

Mr Nubi described poor sleep as a gateway to mental illness, adding that the new naira scarcity had deprived many Nigerians of having enough rest and sleep.

He said that some people had resorted to sleeping at bank ATM points in an attempt to withdraw money.

The psychiatrist expressed the regret that many people had suddenly slumped and died due to accumulated stress.

He advised that people should reduce stress and create time to rest and sleep.

“Pay attention to your health; prioritise sleep and rest, because they are fundamental to mental health.

“Create time for relaxation and look beyond the economic situation of the country, and more importantly, focus on positives in every bad situation,” he said. 

(NAN)

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