Economic uncertainties appear to be weighing down Nigerians according to a recent research by one of the Bretton Woods institutions. A new study by the World Bank has revealed that 22 per cent of Nigerians, on average, are chronically depressed. The study looked at the first nationally representative estimates of chronic depression in Nigeria to shed light on how it may be linked to economic outcomes, such as Labour market and human capital investments, especially in heavy-conflict areas or for individuals or communities who have experienced shocks or deaths.
Describing the availability of representative statistics of mental health at the national level as rare, the Washington-based lender’s Mind, Behaviour and Development Unit said the results were not surprising, but telling.
Chronic depression, according to the report, is strongly associated with adverse events, especially conflict, and these events are positively associated with chronic depression but their effects vary.
it said.
There are strong socioeconomic gradients at play with respect to chronic depression, the World Bank’s behavioural sciences team in the Poverty and Equity Global Practice said.
It said,
The study also finds that there is a strong correlation between chronic depression and labour market outcomes. It said,
According to the report, chronic depression also affects child investments. It says families with a chronically depressed parent spend nearly $30 (in current terms) less in educational expenses annually, driven by lower investments among older girls between 12 and 18 years of age.
It adds that younger children (particularly girls) between five and 11 years of age who live with a chronically depressed parent are 2.5 percentage points more likely to work. The World Bank said,
“With almost two out of every five Nigerians affected by shocks, deaths, and/or conflicts (key drivers of chronic depression), further understanding these costs and linkages is essential.”
According to the report, conflict- and shock-mitigating policies (related, for example, to insurance, prices, and security) may have far higher economic impacts than what is traditionally measured. It said,
“These policies may include implementing mental health and psychosocial programmers, which have been tested in similar settings, and changing the social norms related to communication about and treatment of depression and depressive and stress symptoms. By directly treating and minimising the effects of depression experienced by victims of conflicts, deaths and shocks, we may help mitigate these incidents’ overall economic impact in society.”