It is anticipated that there would be a peaceful and well-organized statewide demonstration, according to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy.
Declaring that President Bola Tinubu recognizes the struggles of Nigerians, Edun made this statement at a ministerial press briefing in Abuja. He also mentioned that inflation is rising everywhere, especially in Nigeria.
He says the high cost of living is a global problem rather than exclusive to the most populous country in Africa. He further claimed that the increase in worldwide inflation was caused by the ongoing conflict between Russia and Ukraine.
“The President truly understands the concerns that are being expressed, particularly the high and elevated cost of living which is not peculiar to Nigeria at this stage with wars in Ukraine, Gaza and Sudan,” he said.
“There is disruption around the world and there has not even been a full recovery from Covid. So inflation is high around the world, and costs are high around the world.
“With our import dependency for raw materials, we too are feeling the effect. However, inflation is falling around the world and in Nigeria.”