In southwest Nigeria, citizens rallied in Oyo State over the rising inflation that has sent the prices of food, transportation and other services to the sky. Nigeria is facing its worst economic downturn in decades as inflation rate currently nears 30%…
Protests are becoming more frequent in Nigeria as citizens continue to rally against the rising cost of living, which is not showing any sign of relaxing soon.
The Nigerian cities of Oyo and Ibadan joined Kano and Niger States in the latest cases of protests in the West African country.
Protesters are expressing anger and frustration over the growing rate of inflation, driven largely by high food prices and the government’s decision to end a long-running fuel subsidy.
Recall that the African Development Bank recently warned that Nigeria could see social demonstrations caused by rising fuel and food prices in different parts of the country.
It added that other countries, including Kenya, Ethiopia, and Angola, could face a similar situation in its economic forecast.
Nigerians are facing one of the country’s worst economic periods in history, with the prices of food and basic items skyrocketing on a daily basis.
Rice, milk, vegetable oil, tomatoes, yams, and others have doubled in price.
The Nigerian government, however, says it is working hard to tame the inflation rate while urging calm among citizens.
By xamse
February 20, 2024
