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    Senegal aims to start construction of new refinery next year

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    The arrest of Ansaru terror leaders marks a strategic change for Nigeria: What could happen next?

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    Ethiopia’s emergency medical response system and what other countries can learn from it

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    From Sunlight to Opportunity: Africa’s Solar Energy Revolution

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    Cameroon’s conflict is part of a bigger trend: negotiations are losing ground to military solutions

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

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

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    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

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    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

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

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    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

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

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    South Africa uneasy about safety of citizens on Gaza aid flotilla

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

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

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    David Dacko (1930-2003): The first President of the Central African Republic

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    Wangari Maathai (1940-2011): Kenyan social, environmental, and political activist

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    Steve Biko (1946-1977): South Africa’s anti-apartheid activist and voice of Black liberation

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    Ousmane Sembène (1923-2007): Senegalese film director and writer

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    Namib Sand Sea, Namibia

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    Kunta Kinteh Island, Gambia

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    Isimila Stone Age site, Tanzania

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    Rock-Hewn Churches, Lalibela, Ethiopia

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    Koutammakou, the Land of the Batammariba, Togo

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    Okavango Delta, Botswana

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    Mosi-oa-Tunya (Victoria Falls), Zambia/Zimbabwe

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    Cape Coast Castle, Ghana

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    Stone Circles of Senegambia: Silent testimony to an ancient past

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  • News
    • All
    • Climate Change
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    • Migration
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    Chad: Idriss Déby sworn in as president following disputed elections

    Chad scraps presidential term limits, cementing Deby’s rule

    Rival rallies in Madagascar capital after days of deadly youth-led protests

    Rival rallies in Madagascar capital after days of deadly youth-led protests

    Somali forces fighting al Shabaab attack on high-security prison

    Somali forces fighting al Shabaab attack on high-security prison

    Malawi’s Mutharika sworn in for second term as president

    Malawi’s Mutharika sworn in for second term as president

    Botswana mulls political party funding law

    Botswana, AU seek funds for Africa Biodiversity Summit

    South Africa uneasy about safety of citizens on Gaza aid flotilla

    South Africa uneasy about safety of citizens on Gaza aid flotilla

    Ebola transmission declines in DR Congo’s Kasai region

    Ebola transmission declines in DR Congo’s Kasai region

    Republic of Congo to pass new gas code soon as it seeks to lure investment

    Republic of Congo to pass new gas code soon as it seeks to lure investment

    Senegal aims to start construction of new refinery next year

    Senegal aims to start construction of new refinery next year

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    Cameroon President Paul Biya marks 41 years in power

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

    The arrest of Ansaru terror leaders marks a strategic change for Nigeria: What could happen next?

    The arrest of Ansaru terror leaders marks a strategic change for Nigeria: What could happen next?

    Key issues for voters in Malawi’s 2025 elections

    Key issues for voters in Malawi’s 2025 elections

    India’s trade charm push targets East Africa

    How India-Africa Partnerships Are Transforming Global Trade

    DR Congo, M23 rebels pledge in Qatar to reach peace deal next month

    DRC’s latest peace deal is breaking down: what’s being done wrong?

    Ethiopia’s emergency medical response system and what other countries can learn from it

    Ethiopia’s emergency medical response system and what other countries can learn from it

    From Sunlight to Opportunity: Africa’s Solar Energy Revolution

    From Sunlight to Opportunity: Africa’s Solar Energy Revolution

    Cameroon’s conflict is part of a bigger trend: negotiations are losing ground to military solutions

    Cameroon’s conflict is part of a bigger trend: negotiations are losing ground to military solutions

    I’m ready to work with President Deby – Chad’s opposition leader

    Succès Masra: how Chad’s opposition firebrand came to be sentenced to 20 years in prison

  • 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?

  • Infographics
  • Figures
    South Africa uneasy about safety of citizens on Gaza aid flotilla

    South Africa uneasy about safety of citizens on Gaza aid flotilla

    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

    David Dacko (1930-2003): The first President of the Central African Republic

    David Dacko (1930-2003): The first President of the Central African Republic

    Senegal buys belongings of former leader Senghor after deal with auctioneer, heir

    Léopold Sédar Senghor (1906-2001): Senegal’s former president, cultural theorist, and poet

    Former Nigerian President Obasanjo calls for collective responsibility for country’s development

    Olusegun Obasanjo: Former Nigeria’s military ruler (1976-1979) and president (1999-2007)

    Wangari Maathai (1940-2011): Kenyan social, environmental, and political activist

    Wangari Maathai (1940-2011): Kenyan social, environmental, and political activist

    Steve Biko (1946-1977): South Africa’s anti-apartheid activist and voice of Black liberation

    Steve Biko (1946-1977): South Africa’s anti-apartheid activist and voice of Black liberation

    Ousmane Sembène (1923-2007): Senegalese film director and writer

    Ousmane Sembène (1923-2007): Senegalese film director and writer

  • History
    Namib Sand Sea, Namibia

    Namib Sand Sea, Namibia

    Kunta Kinteh Island, Gambia

    Kunta Kinteh Island, Gambia

    Isimila Stone Age site, Tanzania

    Isimila Stone Age site, Tanzania

    Rock-Hewn Churches, Lalibela, Ethiopia

    Rock-Hewn Churches, Lalibela, Ethiopia

    Koutammakou, the Land of the Batammariba, Togo

    Koutammakou, the Land of the Batammariba, Togo

    Okavango Delta, Botswana

    Okavango Delta, Botswana

    Mosi-oa-Tunya (Victoria Falls), Zambia/Zimbabwe

    Mosi-oa-Tunya (Victoria Falls), Zambia/Zimbabwe

    Cape Coast Castle, Ghana

    Cape Coast Castle, Ghana

    Stone Circles of Senegambia: Silent testimony to an ancient past

    Stone Circles of Senegambia: Silent testimony to an ancient past

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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.

Read also

Chad scraps presidential term limits, cementing Deby’s rule

Rival rallies in Madagascar capital after days of deadly youth-led protests

Malawi’s Mutharika sworn in for second term as president

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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