The African Development Bank (AfDB) warns that a further increase of fuel and commodity prices in Nigeria , Angola and Kenya could trigger unrest.
The bank gave the warning in its Macroeconomic Performance and Outlook for 2024, in which it projected a 3.8% growth rate for Africa in 2024.
There have already been cost-related protests in Minna, the Niger State capital, and Kano, even as the federal government is said to be under pressure to further increase energy prices by the IMF.
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The Sultan of Sokoto, Sa’ad Abubakar III, who spoke for the traditional rulers, said the economic hardship in Nigeria had reached a level where citizens were hungry and angry.
He specifically warned the Federal Government that the hardship caused by insecurity and poverty in the North was approaching a level where they were finding it increasingly difficult to pacify their people.
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