Abstract
The Central Bank of Nigeria's (CBN) attempt to redesign the 200, 500, and 1000 naira notes by December 2022 led to a cash crunch and humanitarian crisis, exposing the federal government's shortsightedness and inherent weakness. Amidst the crisis that peaked between late January and February 2023, opportunities for social connections and shared experiences emerged. In this essay and visual archive, I explore the financial crisis phenomenon in Nsukka metropolis, Southeastern Nigeria, from a historical perspective, integrating personal insights, respondents' views, and archival sources. Analysis of observational notes, visual and textual data through the lens of Critical Theory reveals the importance of social connection and cultural ideology among Nsukka residents during a difficult time in Nigerian history. Photographic images of crowded bank scenes and remarks like "You are not the only person" evoke personal and public misery and frustration during the currency redesign crisis. The argument is that those in power can create complex situations like artificial scarcity of valuable commodities for questionable reasons, while the masses bear the brunt and enact and demonstrate servility in the process.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
