Nigeria braces for nationwide protests

Members of civil society groups are holding a peaceful protest over economic hardship and unfriendly government policies to mark Nigeria Democracy Day in Ikeja, Lagos, Nigeria, on June 12, 2024.
Members of civil society groups are holding a peaceful protest over economic hardship and unfriendly government policies to mark Nigeria Democracy Day in Ikeja, Lagos, Nigeria, on June 12, 2024.
Adekunle Ajayi/Reuters

Activists in Nigeria have called for 10 days of protest, set to start Thursday, over the debilitating cost-of-living crisis in the country, which previously boasted Africa’s largest economy.

The US, UK, and Canada have issued travel alerts over the protests, warning of the potential for violence. But unless there is a forceful response from security forces, the demonstrations are unlikely to turn violent, says Amaka Anku, head of Eurasia Group’s Africa practice.

The protests come as Nigerians face crippling inflation and struggle to afford basic goods, including food. Demonstrators are also incensed over President Bola Tinubu’s move to scrap a popular fuel subsidy, which cost the government roughly $10 billion.

The Nigerian demonstrations were inspired by recent protests in Kenya, which were sparked by a finance bill that would’ve raised taxes and was ultimately scrapped. But Anku says the protests in Nigeria don’t have a specific demand like those in Kenya and are “more about expressing general frustration with economic conditions.”

Tinubu recently approved a wage hike, which was seemingly an effort to appease people, but “obviously it’s not enough,” says Anku. “In the end, nothing can make you feel better about your currency losing 70% of its value in a year.”

We’ll be watching to see how Tinubu’s government responds to the demonstrations in the days ahead, and whether the protests prompt any policy shifts.

More from GZERO Media

- YouTube

BRICS Summit: A "new world order" or already a relic of the past? Is Sinwar's death the beginning of the end of the war in Gaza? Yankees versus Dodgers. Who's winning? Ian Bremmer shares his insights on global politics this week on World In :60.

The US Commerce Department is looking into whether Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, is — knowingly or unknowingly — producing computer chips for the Chinese technology giant Huawei.

Meta AI logo is seen in this illustration taken on Sept. 28, 2023.

REUTERS/Dado Ruvic/Illustration/File Photo via Reuters

Meta, the parent company of Facebook and Instagram, claims one of its newest models can evaluate other AI models.

Pony.ai and its first automatic driving system production line, as seen in Shanghai, in 2020.

Oriental Image via Reuters Connect

On Oct. 17, a Chinese autonomous vehicle company called Pony AI filed to go public in the United States through an initial public offering. The company is the latest Chinese firm to seek entry into the US public markets after Beijing eased its restrictions on its domestic private sector seeking foreign investment and listing on US exchanges. The Chinese electric vehicle startup Zeekr began trading on the New York Stock Exchange in May.

A person holding smartphone

At the annual World Bank-International Monetary Fund Annual Meetings in Washington, DC, this week, delegates will discuss how AI could “unlock” opportunities in developing nations. This was also a hot topic at last month’s UN Summit of the Future. And nowhere is that discussion more ripe than the African continent.

- YouTube

As Russia’s invasion rages on with no end in sight, Ukraine’s future hangs in the balance. Continued US support is far from guaranteed, and future policy toward Ukraine won't be clear until after the dust settles from the US election. On GZERO World, Ian Bremmer sat down with European Parliament President Roberta Metsola, one of Ukraine’s staunchest defenders, to ask about its path to EU membership and the future of Europe’s strategic autonomy.

Signage for the International Monetary Fund (IMF) and World Bank Group (WBG) 2024 Annual Meetings is seen at the IMF secondary headquarters, in Washington, D.C., on Monday, October 21, 2024.
(Graeme Sloan/Sipa USA)

The last time the World Bank and International Monetary Fund held their landmark conference in April, speakers placed great emphasis on each institution’s role in helping the world’s poorest people get a leg up.