Protest cost economy N500bn – Trade Minister says.

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka Anite has said  that the “End Bad Governance in Nigeria” protest cost the economy an estimated N500 billion.

In a post shared on her official X handle, she lamented the deaths because of the protest and other damages caused by the protests.

According to her, around N52 billion worth of goods were destroyed while the death toll from the protest had reached 21.

She added 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.”

Newzcruise

Newzcruise

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

General

WATCH HOW AN OYO SENATOR “DISGRACED” HIMSELF ON THE FLOOR OF THE SENATE!

Disgraced? No. This is not rubbish. This is premium governance. Yes, some observers — the ones whose political senses are powered by low-battery brains — may think Senator Abdulfatai Omotayo PhD Buhari “disgraced” himself on the Senate floor as the headline suggests.And in a way, they are right… He disgraced mediocrity.He disgraced incompetence.He disgraced legislative […]

Read More
General

Be watchful, monitor land usage in your communities, Oyo Govt tells residents

The Oyo State Government has urged residents of the state across the 33 local government areas to be watchful, vigilant and actively monitor land usage in their respective communities. The state government made this call on Thursday, noting that some individuals and organisations are in the habit of applying for lands under specific purposes but […]

Read More
General

Online Chapel Declares Alhassan Yahya-Led NUJ Presidency Illegal

The Guild of Online Media Practitioners of Oyo State (GOMPOS), the online chapel of the Nigeria Union of Journalists (NUJ), has declared the Alhaji Alhassan Yahya-led presidency of the Union as illegal. The online chapel stated in a press release, on Saturday, that election that brought the present NUJ national leadership into office was flawed […]

Read More