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How to Maintain Your Mental Health in Times of Currency Scarcity

How to Maintain Your Mental Health in Times of Currency Scarcity

Every election year, Nigerians are usually made to pass through various hardships driven by the antics of the politicians and their supporters. This is also possible in other democracies. However, considering the complexities of Nigerian politics, one could say Nigerians are being forced to experience unnecessary hardships before, during and after elections. This position has been discussed at different fora within and outside the country.

As Nigerians and businesses continue experiencing the unintended consequences of the current naira note redesign and swap, which have been primarily linked to power plays within the ruling party (APC) and between the ruling party and opposition parties as well as the Central Bank of Nigeria with commercial banks, our analyst notes that people need to consider their mental health critically. This is premised on the level at which people are struggling to cope with financial insecurity, which is leading to increased levels of stress, anxiety, and depression.

Here are a few steps to help you manage stress and anxiety.

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Acknowledge your feelings: It is important to recognise that scarcity can cause fear and anxiety and to acknowledge that these are normal and valid responses. If you are feeling overwhelmed, don’t be afraid to talk to someone about it.

Stick to a routine: Establishing a routine can help reduce stress and provide structure. Try to stick to a regular sleep schedule and practise relaxation techniques such as deep breathing, mindfulness, and yoga.

Focus on what you can control: Currency scarcity may be out of your control, but there are things you can do to manage the situation. Try to stay informed, but limit your exposure to news and media that focus on scarcity.

Stay connected: Reach out to family, friends, and other support networks to talk about your feelings and ask for help. Staying connected to your support system can provide comfort and help reduce stress and anxiety.

Take care of yourself: Make sure to maintain a healthy diet, exercise regularly, and get enough sleep.

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