The #EndBadGovernance protest that erupted the country in the last few days resulted losses amounting N500 billion.
This was revealed by the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka Anite.
Through her official X handle, the Minister expressed her concern over the loss of properties and other damage caused by the protests.
Dr. Doris Uzoka said that about N52 billion worth of goods was destroyed with death toll rising to 21.
She also said that the looting and destruction dealt a severe blow to businesses and entrepreneurs across the country.
“The loss of lives during the protests is saddening. My thoughts are with the families affected. The looting, resulting in billions lost, is a severe setback for our economy and entrepreneurs. Let’s honour those we’ve lost by striving for more peaceful and constructive dialogue,” Dr. Anite stated.
The #EndBadGovernance protest, which began on August 1st, initially focused on urging the government to address the worsening cost of living in Nigeria. The country has been grappling with surging inflation, which hit 34.19 per cent in June 2024, the highest in 28 years.
