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Nigeria is Collapsing
Nigeria, Africa’s most populous nation and largest economy, is currently grappling with a multitude of crises that threaten its stability and prosperity. The confluence of economic, political, and social challenges has brought the country to the brink of collapse. Here’s a closer look at the factors contributing to Nigeria’s precarious situation:
1. Economic Hardships
The Nigerian economy is under severe strain, marked by a skyrocketing inflation rate of 33.69% (Politics Nigeria). The removal of fuel subsidies and the floating of the naira has led to soaring prices for essential commodities, exacerbating the cost of living for ordinary Nigerians (Naija News) (The Nigerian Inquirer). The African Development Bank has warned that these economic policies, implemented without adequate palliatives, are a significant driver of social unrest (Naija News).
2. Social Unrest
The economic hardships have sparked widespread protests across the country. Demonstrations began in Minna, Niger State, and have since spread to other states like Kano and Ogun (The Nigerian Inquirer). The high cost of living, driven by inflation and policy changes, has led to public dissatisfaction and calls for government intervention. The police have urged protesters to remain peaceful to prevent the protests from being hijacked by…
