NLC protests: Why Nigeria's economy is in such a mess - BBC News

Nigeria is experiencing its worst economic crisis in a generation, leading to nationwide protests.

2 days agoShareclose panelShare pageCopy linkAbout sharingImage source, Gift Ufuoma/BBCImage caption, Government policies have worsened the economic crisis, trade unions sayBy Nkechi OgbonnaBBC News, LagosNigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger.

The trade union umbrella group, the Nigeria Labour Congress (NLC), held protests in the main cities on Tuesday, calling for more action from the government.

A litre of petrol costs more than three times what it did nine months ago, while the price of the staple food, rice, has more than doubled in the past year.

These two figures highlight the difficulties that many Nigerians are facing as wages have not kept up with the rising cost of living.

Like many nations, Nigeria has experienced economic shocks from beyond its shores in recent years, but there are also issues specific to the country, partly driven by the reforms introduced by President Bola Tinubu when he took office last May.

https://www.bbc.co.uk/news/world-africa-68402662

---