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The Intelligence from The Economist

A close-it call: Nigeria’s uprising

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 15 October 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Angry protests following an alleged police killing continue, even after a hated police unit was shuttered. That exposes far-deeper discontent. Banks’ earnings this week show that belt-tightening earlier in the year has held them in good stead. What to do with the growing cash-pile? And misguided infrastructure plans have many Egyptians in a roads rage.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio.

0:07.0

I'm your host, Jason Palmer.

0:10.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:18.0

Big banks are reporting their quarterly earnings this week and broadly they're doing pretty well.

0:23.0

Belt tightening earlier in the year seems to have staved off disaster.

0:28.0

Now many banks are sitting on piles of cash.

0:31.0

Question is, save it or spend it.

0:35.0

And road works abound in Egypt.

0:38.0

There are highways cutting through leafy chiro neighborhoods and skirting the edges of the great pyramids.

0:43.0

Many seem poorly built.

0:45.0

Some are out and out dangerous.

0:47.0

And mostly they look like political pandering.

0:50.0

But first...

0:59.0

A video of a man apparently being killed by police goes viral.

1:06.0

Protests break out, grow and spread even internationally.

1:11.0

Calls for police reform get louder and louder.

1:16.0

The police react violently.

1:19.0

Protesters are killed.

1:22.0

It's too familiar a story.

1:25.0

And this time it's happening across Nigeria.

1:29.0

The focus of the protesters fury is a group called the specialist anti-robbery squad or SARS.

1:35.0

A secretive outfit with a long-running reputation for brutality.

...

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