August 1 protest to cost Nigeria’s economy N400bn daily losses

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August 1 protest to cost Nigeria’s economy N400bn daily losses
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The Centre for the Promotion of Private Enterprise, CPPE said the planned 1-10 August hardship protest could cost Nigeria an estimated daily loss of N400,000 if not properly managed. CPPE Director, Muda Yusuf disclosed this in a statement on Sunday, saying the protest posed a grave danger to Nigeria's already fragile economy.

The Centre for the Promotion of Private Enterprise,

said the planned 1-10 August hardship protest could cost Nigeria an estimated daily loss of N400,000 if not properly managed. Director, Muda Yusuf disclosed this in a statement on Sunday, saying the protest posed a grave danger to Nigeria's already fragile economy. According to the economic think-tank group, the organizers of the planned protest should not offer a platform for elements in the country who have criminal intentions and whose agenda is to inflict pain on innocent citizens and corporate organizations and destroy public assets.

stated. reports that a group known as the Take It Back Movement announced a planned Nationwide protest amid the rising cost of living and hardship in Nigeria. TIB movement, through its solicitor, Ebun-Olu Adegboruwa wrote to the Nigeria Police Force and the Department of State Service seeking protection during the protest. Meanwhile, Inspector General of Police, Kayode Egbetokun had asked protesters to provide details as a condition to ensure protection.

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