ABUJA’S RISING COST OF LIVING TRIGGERS PROTESTS AND ECONOMIC REFORMS

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The rising cost of living in Nigeria’s capital, Abuja, has sparked a wave of protests among residents and workers who are struggling with the increasing prices of basic goods, transportation, and rent. The recent removal of fuel subsidies has compounded the issue, pushing up the cost of fuel and, consequently, the prices of everyday goods.

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The Nigerian government has responded by announcing a series of economic reforms, including subsidies for transportation services and an expansion of social welfare programs aimed at supporting low-income families. Despite these efforts, there are widespread calls for the government to do more to curb inflation and address the root causes of the rising costs.

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Economists have warned that the situation could worsen if not properly managed, stressing the need for urgent intervention to stabilize the economy.