By Prosper Mene, April 4, 2025
Amaka Okoli, a 34-year-old mother of two, used to type numbers in a Lagos bank. Today, she maneuvers a 16-seater bus through the city’s chaotic streets, a job she took up last year to keep her family afloat. “The bank salary couldn’t match the rising cost of everything,” she says, wiping sweat from her brow. “Driving pays better now.”
Okoli is one of countless middle-class Nigerian women redefining survival in an economy that grew 3.4% in 2024—its fastest pace in three years, but still feels like a squeeze for many. While the Bola Tinubu administration touts GDP gains driven by services and reforms like ending the petrol subsidy, the reality for women like Okoli is a daily grind of rising costs, stagnant wages, and shrinking opportunities.
For Nigeria’s middle class, loosely defined as households earning between ₦150,000 and ₦500,000 monthly—2025 has brought both resilience and reckoning. Women, often the backbone of these families, are adapting in remarkable ways. The Ladies on Wheels Association of Nigeria, a network of female commercial drivers, has swelled from six members in 2018 to over 5,000 today, spurred by economic necessity and a rejection of traditional roles. “We’re not waiting for handouts,” says Fatima Yusuf, the group’s coordinator. “We’re taking the wheel—literally.”
Yet, the numbers tell a tougher story. Food inflation, though slightly eased from its 2023 peak, hovers above 30%, devouring household budgets. The World Bank’s recent $1.08 billion loan, approved this week, promises to bolster education and nutrition, but only 15% of employed Nigerians—mostly men—work in the formal sector. Women, who dominate the informal economy (over 95% according to UN Women), see little direct relief. “I sell clothes online now,” says Chidinma Eze, a former teacher turned entrepreneur. “School paid ₦80,000 a month. I make triple that, but every profit goes to food and fuel.”
The naira’s float, a hallmark of Tinubu’s 2023 reforms, has stabilized somewhat, but exchange rates remain punishing for importers like Aisha Bello, a fabric trader in Kano. “Dollar costs mean I’ve lost customers,” she laments. “Middle-class women used to buy my lace for weddings. Now, they patch old dresses.”
This is the current situation of middle class women in Nigeria’s economic turmoil.