With the ten days nationwide hunger protest over, the Minister of Industry, Trade and Investment has taken stock of the loss Nigerian economy suffered due to the protest.
According to Minister, Dr Doris Uzoka Anite, Nigeria lost an estimated N500 billion to the just-concluded hunger protests.
This disclosure was contained in a statement by the Minister via her official X handle.
Anite decried the extent of damage the hunger protests tagged #Endbadgovernance had on the Country’s economy.
According to her post, around N52 billion worth of goods were destroyed while the death toll from the protest had reached 21.
The Minister stated that the lootings from the protest are a setback to businesses and entrepreneurs across the country.
She said, “The loss of lives during the protests is saddening. My thoughts are with the families affected. The looting, resulting in billions lost, is a severe setback for our economy and entrepreneurs. Let’s honour those we’ve lost by striving for more peaceful and constructive dialogue.”
The protests were held from August 1 to 10, 2024.
Another agency, Centre for the Promotion of Private Enterprise, CPPE, had put cost of the protest on the economy at N400 billion daily.