The ongoing #EndBadGovernance protests in Nigeria, which began on August 1, 2024, have led to significant economic disruptions across the country. According to Dr. Muda Yusuf, Director/CEO of the Centre for the Promotion of Private Enterprise (CPPE), the protests are causing an estimated daily loss of N400 billion.
This substantial economic impact is attributed to the shutdowns and disruptions in major sectors such as trade, commerce, manufacturing, and financial services.
The CPPE has urged protest organizers to ensure peaceful demonstrations and to consider shortening the duration to mitigate further economic damage.
In Lagos, protesters have returned to Ojota for the second day of demonstrations, although their numbers have decreased compared to the first day.
Despite this, many shops, banks, and business entities remain closed, particularly in northern states where the protests have turned violent.
In Kano, suspected hoodlums have hijacked the protests, leading to looting and the imposition of a 24-hour curfew by the state government. Similar curfews have been declared in Yobe, Nasarawa, Katsina, and Borno states.
The protests, dubbed "10 Days of Rage," are a response to widespread dissatisfaction with poor governance, corruption, and the rising cost of living. While some regions, such as the southeastern states of Imo, Enugu, Anambra, Abia, and Ebonyi, have seen less participation, the southwestern states have witnessed peaceful demonstrations demanding better governance.
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