Issued on:
The devaluation of the Naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day. While 98 million Nigerians were already living in extreme poverty in recent years, this figure could explode by 2024 if the economic crisis continues in Nigeria. For tens of millions of Nigerians, the reforms designed to attract foreign investors have, above all, caused the cost of living to soar.
Also, Ethiopia’s cost of living crisis was also top of mind for trade unions on Wednesday as key representatives met with the labour ministry for international labour day. As well as pushing for a minimum wage activists flagged the damage being done to the economy by ongoing conflict in the Amhara in the North.
Finally, the El Niño-induced drought continues to wreak havoc across Southern Africa. After the destruction of crops, which is threatening people with famine in Zambia, Malawi and Botswana, the drought is also causing lakes and rivers to dry up and hippos, a species at high risk of extinction, are caught in the middle.
