Minna, the capital of Niger State on Monday saw a flurry of protests as residents voiced their displeasure about the growing hardship in living in the country.
As a way of voicing their displeasure with the nation’s increasing difficulties, the protestors blocked traffic on important major routes in the city center.
Police had to fire multiple bullets into the air as demonstrators demanded that they leave, almost turning their attempts to contain the throng violent.
With signs that read, “No food, we are dying of hunger,” the demonstrators called for improved living conditions and lower living expenses for all citizens.
They protested over not being able to eat even once a day, and they blamed political office holders of being indifferent to their condition.
It is anticipated that Nigeria’s inflation would decrease from 24.5% in 2023 to 21.5% in 2024. As per the Nigerian Economic Summit Group’s (NESG) 2024 Macroeconomic Outlook, this is evident.
A stable structural exchange rate, more proactive monetary policies by the Central Bank, and a decreased reliance on Ways & Mean financing for the budget deficit are expected to contribute to the expected fall in inflationary pressures, according to the study released on January 24, 2024.
According to the analysis, rising credit prices, security worries, and internal displacement challenges will continue to drive food inflation, which will continue to be the main cause of inflation overall.
