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    Schooling is the most severely affected by conflict when children are the target – Study

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    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

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    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

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    W. E. B. Du Bois (1868-1963): Sociologist, historian, and Pan-Africanist civil rights activist

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    Frantz Fanon (1925-1961): Psychiatrist and political philosopher

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    Percy Lavon Julian (1899-1975): African American researcher and chemist

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    Harriet Tubman (Araminta Ross, 1822-1913): American abolitionist and social activist

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    Dorothy Vaughan (1910-2008): African American mathematician and human computer

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    George Washington Carver (1864-1943): African American agricultural scientist and inventor

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    The Land of Punt (modern Somalia, Eritrea, Ethiopia, or eastern Sudan)

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    Avenue of the Baobabs, Madagascar

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    Lopé-Okanda (Gabon)

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    Somalia launches Centennial Vision 2060 roadmap for ‘peace, prospertity and progress’

    EU imposes visa restrictions on Somalis after readmission row with Mogadishu

    Guinea plans regional gold refining hub as West African race intensifies

    Guinea plans regional gold refining hub as West African race intensifies

    International financial crime watchdog removes Senegal from ‘grey list,’ adds some others

    Senegal police fire tear gas at constitutional reform protesters

    South Africa’s anti-migrant deadline forces fathers to leave families behind

    South Africa’s anti-migrant deadline forces fathers to leave families behind

    IMF mission visits Ethiopia as PM pushes for loan deal

    Ethiopia reaches preliminary deal with bondholders on $1 billion debt overhaul

    Ghana president taps retired army officer as envoy to junta-led Sahel states

    Ghana’s President Mahama announces $3.5bn investment to boost country’s oil production

    South African labour unions urge workers to shun anti-migrant protests

    South Africa races to ease growing tensions ahead of planned anti-immigration marches

    Burkina Faso junta extends its transition term by 5 years

    France considers measures after Burkina Faso breaks off relations

    West Africa bloc announces formal exit of three junta-led states

    The Gambia hosts ECOWAS Regional Trade Facilitation Meeting

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    The promise and risks of Kenya’s ambitious new strategy to close refugee camps

    The promise and risks of Kenya’s ambitious new strategy to close refugee camps

    Al Qaeda-linked militants curb their brutality in seized Malian territory

    Al Qaeda-linked militants curb their brutality in seized Malian territory

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

    The Political Economy of Insecurity in Mali: Armed Groups, Resources, and State Fragility

    Ghana to evacuate 300 citizens from South Africa after xenophobic attacks

    Xenophobic Violence and Human Security in South Africa: Causes and Consequences

    Inside an African lab that helped crack the hantavirus outbreak

    Inside an African lab that helped crack the hantavirus outbreak

    Nigeria’s Agricultural sector: Problems and challenges

    Agriculture in Africa: science and research cannot have an impact without investments and good policies

    Mali’s junta creates a new ministerial-level post to oversee the mining sector

    African Mineral Resources: The Controversial Link to US Health Deals

    Ghana curbs offshore investments to protect cedi, boost stability

    Ghana’s mining law attempts to eradicate speculation, but leaves communities in limbo: insights from a lithium case study

    East African Community’s expansion has triggered financial difficulties: why solutions come with risks

    East African Community’s expansion has triggered financial difficulties: why solutions come with risks

  • Studies
    Schooling is the most severely affected by conflict when children are the target – Study

    Schooling is the most severely affected by conflict when children are the target – Study

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    Benin government says armed forces foil coup attempt

    Coup contagion? A rash of African power grabs suggests copycats are taking note of others’ success

    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

  • Infographics
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    Eduardo Mondlane (1920-1969): Mozambican Revolutionary and Anthropologist

    Eduardo Mondlane (1920-1969): Mozambican Revolutionary and Anthropologist

    William Tubman (1895-1971): Liberian politician and longest-serving president in the country’s history

    William Tubman (1895-1971): Liberian politician and longest-serving president in the country’s history

    Abebe Bikila (1932-1973): Ethiopian marathoner and first black African to win an Olympic medal

    Abebe Bikila (1932-1973): Ethiopian marathoner and first black African to win an Olympic medal

    W. E. B. Du Bois (1868-1963): Sociologist, historian, and Pan-Africanist civil rights activist

    W. E. B. Du Bois (1868-1963): Sociologist, historian, and Pan-Africanist civil rights activist

    Frantz Fanon (1925-1961): Psychiatrist and political philosopher

    Frantz Fanon (1925-1961): Psychiatrist and political philosopher

    Percy Lavon Julian (1899-1975): African American researcher and chemist

    Percy Lavon Julian (1899-1975): African American researcher and chemist

    Harriet Tubman (Araminta Ross, 1822-1913): American abolitionist and social activist

    Harriet Tubman (Araminta Ross, 1822-1913): American abolitionist and social activist

    Dorothy Vaughan (1910-2008): African American mathematician and human computer

    Dorothy Vaughan (1910-2008): African American mathematician and human computer

    George Washington Carver (1864-1943): African American agricultural scientist and inventor

    George Washington Carver (1864-1943): African American agricultural scientist and inventor

  • History
    Laas Geel, Somalia

    Laas Geel, Somalia

    Lakes Of Ounianga, Chad

    Lakes Of Ounianga, Chad

    Nok Caves, Togo

    Nok Caves, Togo

    The Land of Punt (modern Somalia, Eritrea, Ethiopia, or eastern Sudan)

    The Land of Punt (modern Somalia, Eritrea, Ethiopia, or eastern Sudan)

    Avenue of the Baobabs, Madagascar

    Avenue of the Baobabs, Madagascar

    Lopé-Okanda (Gabon)

    Lopé-Okanda (Gabon)

    The Sudd wetland

    The Sudd wetland

    Khami Ruins (Zimbabwe), the capital of the Torwa state

    Khami Ruins (Zimbabwe), the capital of the Torwa state

    Royal Palace, Porto-Novo, Republic of Benin

    Royal Palace, Porto-Novo, Republic of Benin

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Qiraat Africa
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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.

Read also

EU imposes visa restrictions on Somalis after readmission row with Mogadishu

Guinea plans regional gold refining hub as West African race intensifies

Senegal police fire tear gas at constitutional reform protesters

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.

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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