Analysts put economic losses to #EndSARS disruption at N1.5trn

Analysts put economic losses to #EndSARS disruption at N1.5trn

The economic cost of the #EndSARS protest disruption is estimated at N1.5 trillion, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has said. “This suggests that the economic recovery path could be longer than anticipated. Massive investment in job-elastic sectors with minimal control on the pricing mechanism will serve as catalysts and would ensure a sustained ‘take-off’,” the FDC, led by foremost economist Bismarck Rewane, said in its latest economic bulletin. Last month, a large number of Nigerians, mostly youths, protested…

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Queries on #EndSARS, DJ Switch, others top October Google searches

A milestone anniversary, calls to shut down an allegedly brutal police department, and state election results were among the top trending Google searches in Nigeria during October. These searches partially crossed over into the most asked questions, which concerned a leading activist, the whereabouts of the president, and the winner of Big Brother Nigeria. On 1 October, Nigeria celebrated the 60th anniversary of its independence from Great Britain. What would ideally have been a day of celebration instead turned into a day of protest across the country’s major cities as…

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Oyo sets up N1bn fund for MSMEs, victims of police brutality

Oyo sets up N1bn fund for MSMEs, victims of police brutality

Oyo State Government has directed that a N500 million MSME fund be set up to fund youth entrepreneurs in the State with bright business ideas This was disclosed by Governor Seyi Makinde while speaking at the Post-Protest Meeting with Traditional Rulers and other Stakeholders, held at Agodi, Ibadan. According to the Governor, the fund will provide further employment and improve the economic landscape in Oyo State. The Governor also approved N500 million as compensation to victims of police brutality and injustice. This fund is to encourage anyone who has suffered any form…

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JUST IN: Sanwo-Olu imposes 24-hour curfew in Lagos

Establish cashless Lagos scheme, fintech experts tell Sanwo-Olu

As #EndSARS protest turns violent __________________________ The ongoing #EndSARS protest is taking new twists and turns in Lagos State as the state have started witnessing spate of violence purportedly perpetrated by hoodlums. Consequently, the state governor, Mr Babajide Sanwo-Olu has imposed a 24-hour curfew in the state to curtail further degeneration of the situation. In a message via his official Twitter handle announcing the restriction in movement across the state, Sanwo-Olu said: “Dear Lagosians, I have watched with shock how what began as a peaceful #EndSARS protest has degenerated into…

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N1,000 Airtel free airtime is compensation, not from anonymous

Airtel

Wild jubilation rented the air on Monday as subscribers of Airtel Nigeria received N1,000 free airtime from the their network provider. While many of the subscribers did not know the reason for the rare gesture by the network provider, they claimed it was a cyberattack by ‘Anonymous’ hackers. Other subscriber claimed that the free airtime was a giveaway to support the ongoing #EndSARS campaign in the country. It was, however, found that Airtel Nigeria credited its customers’ account with N1,000 airtime and data as compensation for network disruption on Friday,…

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#EndSARS Protest: Lagos orders indefinite closure of all schools

The Lagos State Government has ordered the closure of all public and private schools in the state, following the tension generated by the #EndSARS protests. This directive was issued by Folasade Adefisayo, the Lagos State Commissioner for Education, on behalf of the government. She said the step was imperative as part of the measures aimed at ensuring the safety of the pupils/students, parents, and all staff working in schools at this critical period. Part of the statement from the commissioner reads, “The Lagos State Government has directed all pupils/students in…

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