Nigeria’s Minister of Industry, Trade and Investment, Dr Doris Uzoka Anite has said Nigeria lost an estimated N500 billion to the just-concluded hunger protests.
Anite disclosed this in a recent statement on the official X handle.
She 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.
She noted 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 2 to 10, 2024.
Recall that the Central for the Promotion of Private Enterprise had earlier estimated that protests would cost the country N400 billion daily.
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