The protesters had gathered at the Utako area in Abuja, the country’s Federal Capital Territory (FCT), waving the Nigerian Green-White-Green flag and banners with various inscriptions such as “EndBadGovernance”, “DiasporaVoting”, “EndHighLivingCosts”, amongst others but were dispersed by policemen.
The October 1, 2024 protest, tagged “FearlessInOctober”, was propagated on social media, some two months after the August #EndBadGovernance protests. The two demonstrations are synonymous in themes as aggrieved young people demand a reversal of petrol subsidy removal and electricity tariff increase.
Critics have faulted President Bola Tinubu’s twin policies of petrol subsidy removal and unification of the foreign exchange rates which many Nigerians believed were responsible for the unimaginable inflation and soaring living and energy costs in the country.
Energy costs have more than tripled since Tinubu took up the reins of government on May 29, 2023. Petrol prices per litre jumped up from around N200 to over N1,000 whilst electricity tariff quadrupled, impacting the manufacturing sector and the pocket of Nigerian households.
During the nation’s 64th Independence Day Anniversary Broadcast on Tuesday, Tinubu pleaded for more patience and time, saying his administration is retooling its economic policies for the good of common Nigerians.
The former Lagos governor sympathised with Nigerians over the economic hardship his reforms might have caused whilst he assured them that his administration had been busy implementing measures to bring down the skyrocketing cost of living.