Uncovering the Hidden Costs of Nigeria's Side Hustle Trend: What You Need to Know
The Hidden Costs of Nigeria’s Side Hustle Craze
Source: Guardian Nigeria
Understanding the Side Hustle Phenomenon
Financial Necessity
The side hustle culture in Nigeria has emerged as a necessity for many, particularly as inflation rates soared past 33% in late 2024. With rising living costs outpacing salaries, individuals like Keji Ogunlusi manage multiple jobs to alleviate debt and fund education, often sacrificing their well-being in the process.
Impact on Mental Health
This relentless pursuit of extra income can lead to significant mental health challenges, including:
- Burnout
- Anxiety
- Insomnia
- Difficulty in balancing personal and professional life
Characteristics of the Hustle Culture
Diverse Income Streams
Young Nigerians now explore various side hustles such as freelancing, content creation, and cab-hailing, viewing them as pathways to financial independence. This shift illustrates a break from traditional career expectations.
The Glorification of Productivity
The hustle mindset often glorifies chronic busyness and productivity. Many individuals equate constant work with success, which can lead to toxic productivity and inevitable burnout.
Challenges of Multitasking
Juggling Multiple Roles
According to a study by WellNewMe, 64% of Nigerian workers risk burnout due to juggling multiple roles. This divided attention can significantly impair job performance and productivity.
Health Consequences
Chronic multitasking can also result in physical health issues, including:
- Fatigue
- Headaches
- Heart-related conditions
Recognizing Warning Signs
Early Indicators of Stress
Experts advise being aware of personal well-being metrics. Common warning signs include:
- Exhaustion
- Cognitive difficulties
- Increased irritability
Getting Rest
Understanding that rest is essential—not just a reward—can be pivotal in maintaining health and productivity.
Finding Balance
Strategies for Management
Managing stress effectively involves:
- Healthy eating habits
- Regular physical activity
- Mindfulness practices
Letting go of the constant hustle culture may nurture better mental health and lead to greater overall satisfaction in life.
Ultimately, achieving true success lies in harmonizing ambition with well-being.
