Nigerians Take to the Streets Over Rising Inflation and Unemployment on Independence Day

Demonstrators, holding placards, demanded improved opportunities and job creation, particularly for the youth, in a nation where poverty and hunger rates rank among the highest globally, despite Nigeria's status as one of Africa’s top oil producers.

This marks the second mass protest in two months in Nigeria, Africa’s most populous country, where economic reforms aimed at curbing government spending and boosting foreign investment have exacerbated hardships. During the previous demonstration in August, at least 20 protesters were shot dead, and hundreds were arrested, further fueling public discontent.

While the government has defended its policies, the reforms have pushed inflation to its highest level in 28 years and driven the Nigerian currency, the naira, to record lows against the U.S. dollar. Currently, 63% of Nigerians live in poverty, and unemployment remains a significant issue. In addition to economic struggles, the country is also grappling with one of the world’s longest-running militant insurgencies in its northeastern region.

“The truth is, there’s nothing worth celebrating about Nigeria,” said Adetayo Babatunde-Daniel, a young entrepreneur who participated in the protests.

President Bola Tinubu, who was elected in May on a platform of "renewed hope," acknowledged the challenges but defended the reforms as necessary to prevent an economic collapse. Tinubu urged patience from Nigerians, arguing that the painful adjustments would pave the way for long-term stability and growth.

As Nigeria confronts its deepening economic crisis, the protests reflect growing dissatisfaction among citizens who continue to bear the brunt of the government's austerity measures.