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JUST IN: Protests Erupt in Ibadan Over High Cost of Living Under President Tinubu

by Vicky Oselumese
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Protests Erupt in Ibadan Over High Cost of Living Under President Tinubu

In a show of frustration and discontent, Nigerians in Ibadan took to the streets on Monday to protest against the high cost of living under President Bola Tinubu.

Chants of ‘Tinubu ole!’ (meaning Tinubu is a thief) and ‘renewed shege!’ (a local slang expressing anger) echoed through the air as placard-carrying protesters voiced their concerns.

The protest in Ibadan is part of a series of demonstrations that have been taking place across the country, including Niger, Kano, Osun, and Lagos (Tinubu’s home state).

These protests are driven by the increasing prices of staple foods, which have risen by almost 100% in the past nine months due to inflation.

A bag of rice, a common staple food, now sells for N65,000 compared to N35,000 last May. Similarly, the price of yellow garri has jumped from N25,000 to N40,000, while white garri now sells for N30,000 compared to N13,000 last year.

The rising prices have put a strain on the budgets of many Nigerians, forcing them to reduce their purchases and affecting the livelihoods of traders like Urah Chidiebere and Bartholomew Ugwujah. The removal of the petrol subsidy and the floating of the naira by President Tinubu’s administration have contributed to the inflationary pressures.

Petrol prices have skyrocketed from N145 per litre to N630, and the naira has depreciated against the dollar in the parallel market.

While President Tinubu has acknowledged the hardships faced by Nigerians, he has called for understanding as his administration works towards stabilizing the economy and delivering prosperity to the country.

This article was updated 2 months ago

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