EconomyLens.com
No Result
View All Result
Monday, October 5, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Lagos state intervenes to ease Nigeria cost of living crisis

Thomas Barnes by Thomas Barnes
February 22, 2024
in Economy
Reading Time: 3 mins read
A A
9
19
SHARES
238
VIEWS
Share on FacebookShare on Twitter

Lagos (AFP) – The governor of Nigeria’s Lagos state on Thursday unveiled a series of measures aimed at easing the soaring cost of living after protests broke out.

Nigeria is suffering an economic crisis with soaring inflation, leaving many people struggling to afford food.

Governor Babajide Sanwo-Olu, whose state includes the 20 million people of the city of Lagos, listed measures including a three-day working week for civil servants, a 25-percent reduction of public transport prices and the opening to price competition of 42 Sunday markets.

Related

Argentina unveils passports-for-investment scheme

US Supreme Court to hear high-stakes climate case

Argentina unveils passports-for-investment scheme

G7 talks as US pressures Europe over diesel stocks

EU nations to hold emergency meeting on soaring diesel prices amid US pressure

He also announced that 50,000 pregnant women would be exempted from health charges each year.

The intervention came after the Nigeria Labour Congress (NLC) last week called for national protests on February 27 and 28 against the cost of living.

Many poor Nigerians have had to give up products considered a luxury, such as meat, eggs and milk.

Protests have already taken place this month in numerous places including Suleja, near the capital Abuja, Minna in Niger state and Kano.

On Monday, hundreds demonstrated in the southwestern city Ibadan voicing anger with President Bola Ahmed Tinubu’s leadership, an AFP journalist at the scene reported.

Protesters carried placards saying “End bad government”, “End food scarcity” and “End Nigerian hardship”.

Since coming to office last year Tinubu ended fuel subsidies and currency controls, leading to a tripling of petrol prices and a spike in living costs as the naira slid against the dollar.

He has repeatedly called for patience to allow his reforms to take effect, saying they will help attract foreign investment, but the measures have hit Nigerians hard.

The nation’s inflation rate reached almost 30 percent in January, according to the national bureau of statistics.

Tags: cost of livinginflationprotests
Share8Tweet5Share1Pin2Send
Previous Post

Gaza economy shrank by more than 80% in 4th quarter due to conflict: World Bank

Next Post

US Fed official warns of inflationary risk of over-consumption

Thomas Barnes

Thomas Barnes

Related Posts

Economy

G20 trade ministers fail to see consensus against overproduction

October 1, 2026
Economy

US tells European allies to act ‘immediately’ to lower diesel prices

October 2, 2026
Economy

G20 against ‘weaponization’ of food trade: French minister

October 1, 2026
Economy

US says ‘in Europe’s best interest’ to cooperate on fuel supply

October 2, 2026
Economy

German fuel price cuts kick in to ease Mideast energy shock

October 1, 2026
Economy

Kenyan island paradise fears damage from mega-refinery

October 1, 2026
Next Post

US Fed official warns of inflationary risk of over-consumption

Argentine austerity anger mounts, but govt says its working

Swiss-Italian chocolate war set to end with sweet truce

Reddit files to go public as 'RDDT' on NYSE

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
9 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Euro slides as concerns about French debt mount

October 5, 2026

US Supreme Court hears bid to shut the door on climate suits

October 5, 2026

Euro slides as worries about French debt grow

October 5, 2026

Norway eyes partial ban of smart glasses

October 5, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.