The police authorities have said they would not condone any form of violence during the planned two-day demonstration declared by organised Labour in protest against the hardships and high cost of living in the country.
The police handed down the Riot Act on Sunday as the Nigeria Labour Congress gave fresh conditions ahead of the minimum wage negotiation commencing on Monday (today.)
The police warning is coming against the backdrop of the alarm by the African Development Bank that rising prices of fuel and other commodities could lead to social unrest in Nigeria, Ethiopia, Angola, and Kenya.
The AfDB sounded the warning in its macroeconomic performance and outlook for 2024 in which it projected Africa’s economy to grow higher than the 3.2 per cent recorded in 2023.
The AfDB projected that growth on the continent will rebound to 3.8 per cent in 2024.
However, the bank cautioned that an increase in fuel and commodity prices occasioned by currency depreciation or subsidy removal in Nigeria, Angola, Kenya, and Ethiopia could trigger internal conflicts.
It stated, “Internal conflicts and violence could also result from rising prices for fuel and other commodities due to weaker domestic currencies and reforms.
The police authorities have said they would not condone any form of violence during the planned two-day demonstration declared by organised Labour in protest against the hardships and high cost of living in the country.
The police handed down the Riot Act on Sunday as the Nigeria Labour Congress gave fresh conditions ahead of the minimum wage negotiation commencing on Monday (today.)
The police warning is coming against the backdrop of the alarm by the African Development Bank that rising prices of fuel and other commodities could lead to social unrest in Nigeria, Ethiopia, Angola, and Kenya.
The AfDB sounded the warning in its macroeconomic performance and outlook for 2024 in which it projected Africa’s economy to grow higher than the 3.2 per cent recorded in 2023.
The AfDB projected that growth on the continent will rebound to 3.8 per cent in 2024.
However, the bank cautioned that an increase in fuel and commodity prices occasioned by currency depreciation or subsidy removal in Nigeria, Angola, Kenya, and Ethiopia could trigger internal conflicts.
It stated, “Internal conflicts and violence could also result from rising prices for fuel and other commodities due to weaker domestic currencies and reforms.
