Femi Otedola chairman of FBN Holdings, has bemoaned the state of the Nigerian economy.
Nigeria is currently grappling with an inflation rate of 34.1 percent, which could be higher by the time the National Bureau of Statistics release July figures.
Jobs have been lost as companies are shutting down operations.
Since August 1, Nigerians have been protesting the hardship and unbearable cost of living. The protesters, under the #EndBadGovernance, are demanding that the government return fuel subsidy, reduce the cost of governance and create jobs and ensure security of lives of Nigerians.
Nigerians have complained that the social programmes of the Federal Government do not trickle doen to them.
In a post on social media on Thursday, the billionaire urged Nigerians to take the encouragement that being alive is an indication that better things lie ahead.
“I pray we all get what we’ve been praying. The present economy is definitely not easy on anyone but being alive is an evidence of better days ahead of us all,” he wrote on Facebook.
