Massive Hunger Protest To Hit Nigeria Soon If ... - AfDB Reveals
Afnews Editor
Feb 18, 2024
Massive Hunger Protest To Hit Nigeria Soon If ... - AfDB Reveals
READ ALSO: NDLEA Reacts To Allegations That It's Official Assaulted Ex BBNaija Khloe | DETAILS
The African Development Bank (AfDB) has warned of that the a further increase of fuel and commodity prices in Nigeria , Angola and Kenya could trigger unrest.
READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into
The bank gave the warning in its Macroeconomic Performance and Outlook for 2024, in which it projected a 3.8% growth rate Africa in 2024.
READ ALSO: W0W! President Buhari Goes Rail-Wire
Already, there have been hunger protests in Minna, Niger State capital and Kano even the federal government is said to be under pressure to further increase fuel prices.
READ ALSO: RIVERS CRISIS: Wike Can Not Be Rivers State Jagaban, Says General Asabuja | WATCH VIDEO
It stated, "Internal conflicts and violence could also result from rising prices for fuel and other commodities due to weaker domestic currencies and reforms.
READ ALSO: ABIA: Court Sacks LP Rep Members, Declares APC, APGA Candidates Winners | READ DETAILS
"For instance, the removal of fuel subsidies in Angola, Ethiopia, Kenya and Nigeria and the resulting social costs has led to social unrest driven by opposition to government policy.
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
The cost of living crisis is blamed on the federal government's policies of the petrol subsidy removal and floating of the naira
READ ALSO: [VIDEOS] Tragedy Strikes AAUA as 500-Level Student Found Dead Under Suspicious Circumstances
Norther traditional rulers also warned last week of agitations by their subjects, as according to them, the suffering was become unbearable in the country.
READ ALSO: Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
The Sultan of Sokoto, Saad Abubakar who spoke for the traditional rulers said that the economic hardship in Nigeria had reached a level where citizens were hungry and angry.
READ ALSO: Covenant University appoints Prof. Williams as Acting VC
He specifically warned the Federal Government that the hardship caused by insecurity and poverty in the North was getting to a level where they were increasingly finding it difficult to pacify their people.
Organised labour under Nigeria Labour Congress (NLC) has also announced a two-day nationwide protest over the hardship across the country.
READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
https://youtu.be/m_1HfiFMqTM?si=C8M3e7V1S8Ej3-FX
Related Stories
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
7 Online Money Traps Young Nigerians Are Falling Into
""
— Afnews Editor