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    Shaka Zulu (1787-1828), founder of the Zulu empire in Southern Africa

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    Olaudah Equiano (1745-1797), writer and abolitionist

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    Apollo Milton Obote (1925-2005): Former President of Uganda

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    Zong Massacre

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    Abomey, southern Benin

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    Robben Island, South Africa

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    Kumbi Saleh, the capital of the ancient Ghana Empire

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    Kano, an ancient city in northern Nigeria

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    US top diplomat Rubio will not attend G20 meeting in South Africa

    US to restrict visas for Nigerians involved in “violence against Christians”

    UN sounds alarm as violence in northern Mozambique forces over 100,000 to flee

    UN sounds alarm as violence in northern Mozambique forces over 100,000 to flee

    Students in Senegal clash with security forces over financial aid

    Students in Senegal clash with security forces over financial aid

    South African minister and MPs cleared of corruption

    South Africa will take a ‘break’ from G20 under Trump, presidency says

    Players in SADC tourism criticize Namibia’s new visa policy

    African Development Bank says it plans $1.78 billion financing for Namibia

    Rwanda, DR Congo sign peace deal in US to end fighting, attract investment

    Trump hosts Congo, Rwanda leaders in latest push for peace

    Nigeria champions African-Arab Trade to boost agribusiness, industrial growth

    Nigeria champions African-Arab Trade to boost agribusiness, industrial growth

    South Africa, Mozambique sign energy cooperation deal

    South Africa, Mozambique sign energy cooperation deal

    Ghana sanitation minister resigns over alleged stashed cash

    Ghana’s inflation slows for 11th straight month in November

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    Global power shifts are playing out in the Red Sea region: why this is where the rules are changing

    Global power shifts are playing out in the Red Sea region: why this is where the rules are changing

    Understanding Trump’s Christian Genocide Claim and Military Threat: What It Means for Nigeria-U.S. Relations

    Understanding Trump’s Christian Genocide Claim and Military Threat: What It Means for Nigeria-U.S. Relations

    South Africa needs to rethink its community media policy – 4 ways to close the gaps

    South Africa needs to rethink its community media policy – 4 ways to close the gaps

    Cameroon’s Biya declared vote winner, opposition reports gunfire

    What do the recent 2025 elections in Cameroon and Ivory Coast reveal about their state of democracy?

    Ivory Coast president Ouattara’s party pushes him to run again

    Ivory Coast elections: Ouattara’s final rule or forever rule?

    Charting New Waters: Maritime Advancements and West Africa’s Development

    Charting New Waters: Maritime Advancements and West Africa’s Development

    The Critical Role of Gold in Tanzania’s Economic Growth

    The Critical Role of Gold in Tanzania’s Economic Growth

    Five Years After the Coup in Mali: Are Stability and Growth Within Reach?

    Five Years After the Coup in Mali: Are Stability and Growth Within Reach?

    Cameroon President Paul Biya marks 41 years in power

    Paul Biya at 92: will defections weaken his grip on absolute power in Cameroon?

  • Studies
    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

    Manufacturers in Ghana and Nigeria claim that although corruption damages businesses, digital technologies provide a chance to combat it

    Manufacturers in Ghana and Nigeria claim that although corruption damages businesses, digital technologies provide a chance to combat it

    Environmental Threats and Conservation Efforts in Namibia

    Environmental Threats and Conservation Efforts in Namibia

    Your teachers’ level of knowledge affects how well you perform in class: perspectives from 14 French-speaking African nations

    Your teachers’ level of knowledge affects how well you perform in class: perspectives from 14 French-speaking African nations

    Islamic Finance in Nigeria: Between Islamization and Shariah Non-Compliance Polemics

    Islamic Finance in Nigeria: Between Islamization and Shariah Non-Compliance Polemics

    What determines a return to civilian rule after military coups in Africa?

    What determines a return to civilian rule after military coups in Africa?

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    Robert Mugabe (1924 – 2019): Revolutionary and former President of Zimbabwe

    Robert Mugabe (1924 – 2019): Revolutionary and former President of Zimbabwe

    Idi Amin Dada (1928 – 2003): Military officer and former President of Uganda

    Idi Amin Dada (1928 – 2003): Military officer and former President of Uganda

    Albert John Luthuli (1898–1967): South African politician and first African Nobel Laureate

    Albert John Luthuli (1898–1967): South African politician and first African Nobel Laureate

    Shaka Zulu (1787-1828), founder of the Zulu empire in Southern Africa

    Shaka Zulu (1787-1828), founder of the Zulu empire in Southern Africa

    Chimamanda Ngozi Adichie, Nigerian writer

    Chimamanda Ngozi Adichie, Nigerian writer

    Olaudah Equiano (1745-1797), writer and abolitionist

    Olaudah Equiano (1745-1797), writer and abolitionist

    Ex-Credit Suisse chief executive Tidjane Thiam eyeing Ivory Coast 2025 presidential contest

    Tidjane Thiam, Ivorian businessman and politician

    François (Ngarta) Tombalbaye (1918-1975): First President of Chad

    François (Ngarta) Tombalbaye (1918-1975): First President of Chad

    Apollo Milton Obote (1925-2005): Former President of Uganda

    Apollo Milton Obote (1925-2005): Former President of Uganda

  • History
    Zong Massacre

    Zong Massacre

    Abomey, southern Benin

    Abomey, southern Benin

    Ifẹ̀, an ancient city in south-western Nigeria

    Ifẹ̀, an ancient city in south-western Nigeria

    Robben Island, South Africa

    Robben Island, South Africa

    Mount Kilimanjaro, Tanzania

    Mount Kilimanjaro, Tanzania

    Kumbi Saleh, the capital of the ancient Ghana Empire

    Kumbi Saleh, the capital of the ancient Ghana Empire

    Kano, an ancient city in northern Nigeria

    Kano, an ancient city in northern Nigeria

    Agadez, historic city in Niger

    Agadez, historic city in Niger

    Olduvai Gorge, a significant paleoanthropological site in Tanzania

    Olduvai Gorge, a significant paleoanthropological site in Tanzania

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Home News Economy

Nigeria bids to placate youth to avert looming inflation protests

July 28, 2024
Nigeria’s NNPC obtains a $3 billion loan to stabilize the foreign exchange market

NNPC Towers, Abuja Nigeria.

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Days before a nationwide protest over bad governance and a high cost of living, Nigeria is offering its young people jobs in the state-oil company and billions of naira worth of grants among other incentives to discourage the action.

Nigerian activists have been looking to emulate youth-led protests elsewhere in Africa which have rocked the government in Kenya and prompted a tough security response in Uganda.

Nigeria’s state oil firm, which seven years ago warned job seekers against falling prey to fraudulent messages about job placements in the company, published on Friday nationwide job vacancies in a post on X for the first time in nearly a decade.

An NNPC Ltd spokesperson said a flood of applications crashed the company’s website.

Nigeria’s ministry of youth development on Friday also relaunched a 110 billion naira ($70 million) youth investment fund that was started in 2020, aimed at providing grants to Nigeria’s youth to generate jobs.

The youth ministry had said in May said it would revive the programme but little had been heard about it until Friday.

On Tuesday, Nigerian lawmakers passed a new minimum wage, more than doubling the amount the least paid worker will earn monthly.

Nigerians are organising online for nationwide protests next week in response to a cost of living crisis that has seen inflation rise to a 28-year-high of 34.2% which followed President Bola Tinubu’s removal of fuel subsidies and a currency devaluation.

Religious clerics, traditional rulers and other prominent Nigerians have joined the government in discouraging young people from embarking on protests slated to begin from Aug. 1, fearing Kenya-style protests will wreak havoc on the economy.

Read also

US to restrict visas for Nigerians involved in “violence against Christians”

Students in Senegal clash with security forces over financial aid

South Africa will take a ‘break’ from G20 under Trump, presidency says

The government has sought more time to end hardships and both the police and army leadership have warned against the protests, saying they could get out of control.

Protesters have said they have a right to peaceful demonstrations, calling the government’s warnings of violence a smokescreen for a potential crackdown.

Source: Reuters
Tags: KenyaNigeriaNigerian National Petroleum Corporation (NNPC)

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