As we observed in the earlier posts, "if Nigeria's economy can't deliver for the people right now, what is going to happen when it becomes the second most populous country on earth?"
From the Associated Press, February 27/28:
Nigeria’s government employees and other union workers began a new nationwide strike Tuesday that threatened to shut down key services while people are angry about soaring inflation and growing economic pain.
Since assuming office in Africa’s most populous country last year, President Bola Tinubu has enacted policies that include doing away with fuel subsidies and unifying the country’s multiple exchange rates, leading to a devaluation of the naira against the dollar.
Gasoline prices have more than doubled and inflation has shot up as a result, reaching close to 30% last month, the highest in nearly three decades, according to the National Bureau of Statistics....
....MUCH MORE
