(3 Minutes Read)
In his Presidential broadcast, Tinubu defended the audacious reforms that were supposed to save the government money and shore up dwindling foreign investments but whose immediate impact has caused hardship.
Nigerians in Lagos continued their protests against the high cost of living despite the assurance given by the President that he would address the issue. President Tinubu’s plea for suspension of the demonstration was not heeded. The protesters also made accusations of misgovernment and corruption in Africa’s most populous country and a top oil producer
The protesters have also been inspired by other young people in Kenya who held rallies last month to kick against a planned tax hike. Both protests have also featured grievances against governments accused of not meeting the expectations that catapulted them to power.
In his Presidential broadcast, Tinubu defended the audacious reforms that were supposed to save the government money and shore up dwindling foreign investments but whose immediate impact has caused hardship. He assured the protesters that the problems emanating from the implementation of reforms were short-lived and the economy would bounce back.
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The reforms, including the suspension of decadeslong and costly gas subsidies and currency devaluations, have had a spiraling on the price of just about everything else because Nigerians believe they’ve been poorly implemented.
