Protests: Nigeria’s economy faces heavy decline as more states impose curfew

The last five days have been hellish for Nigeria and its economy amid hunger protests.

This is as security red alerts spread to states, especially the North West of Nigeria.

Police and government authorities have reported the spread of property destruction, and shop looting in Kaduna, Plateau, and Bauchi as hoodlums hijacked the protests to wreak havoc.

This is also as rioters were arrested in Abuja and some other parts of the North with Russian flags.

A similar incident happened in Kano State, and the police said they have arrested the tailor responsible for the mass production of the flag.

The Russian Embassy in Nigeria has denied involvement in the display of its flag by protesters in Nigeria.

While the motive remains unclear, the Chief of Defence Staff, General Christopher Musa said displaying Russian flags in Nigeria was treasonable, and vowed to crack down on culprits.

The continued escalation of violence on Day 5 of protests, tagged #endbadgovernance, had resulted in Bauchi, Kaduna, and Plateau states recently announcing 24-hour curfews.

Earlier, Borno, Kano, Katsina, Jigawa, and Zamfara states declared 24-hour curfew in affected areas in order to contain looming anarchy.

Curfew declarations in states have further worsened the woes of the nation’s economy.

With the economy already declining, the declaration of curfew in states pushes the country’s economy to near collapse.

Association of Small Business Owners of Nigeria, ASBON, said an estimated N600 billion has been lost in the last five days.

The Centre for the Private of Private Centre had earlier said the country risks losing N400 billion daily to the protests.

Credit: dailypost.ng

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