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Marketplace All-in-One

Nigeria protests hunger and hardship

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 27 February 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Trade unions have led demonstrations in Nigeria, as the country grapples with an economic crisis. Also: There are concerns about the tactics used by companies offering loans via cell phone apps in Kenya.

Transcript

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0:00.0

Hunger and high costs push Nigerians to protest.

0:04.6

Hello, you're listening to the marketplace morning report.

0:06.9

Live from the BBC World Service.

0:08.8

I'm Leanna Byrne and a very good morning to you.

0:12.2

Now when Nigerians President Bolot Tinibou came to power last May, he introduced a series

0:16.7

of economic reforms, but since then prices have gone up by 30% and the value of the Naira

0:21.6

currency has plunged, the Trade Union umbrella group, the Nigeria

0:25.6

Labor Congress, has organized nationwide protests today calling for more action from the government.

0:31.5

Here's the BBC's in Ketchi Ogbana.

0:33.2

The government has assured the people that this reforms will take time and that things would

0:38.8

ease off after this initial pinch by the economic policies that have been introduced in the last eight

0:44.8

months. But the truth is people are desperate. People have reached like they are breaking

0:50.4

point and anywhere you go to, people rush if you're coming out from a car or if you look

0:56.3

well dressed people just rush to you please I'm hungry give me something to eat people have reached their breaking point literally so I do not know when

1:05.3

things would get better because it's gotten worse. Every day it keeps getting worse. So we do not

1:11.6

know when when the curve will start bending like during the time of

1:15.0

COVID where we're all anticipating when the curve would be different. But at this time, people

1:21.0

are honestly very desperate and they just need some level of deliverants.

1:25.0

And Ketchi Ogbana there.

1:27.0

One Nigerian Ugo Chuck Wu got in touch with the BBC

1:30.0

to tell us what life is like there.

1:32.0

People are starving, cost of transportation, housing,

...

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