There is risk Nigeria, Ethiopia, Angola and Kenya will witness revolt by citizens due to bitting economic conditions.
According to the African Development Bank macroeconomic performance and outlook for 2024, things are not looking good for those countries.
“Internal conflicts and violence could also result from rising fuel and other commodities prices due to weaker domestic currencies and reforms.
“For instance, the removal of fuel subsidies in Angola, Ethiopia, Kenya and Nigeria and the resulting social costs has led to social unrest driven by opposition to government policy.
The AfDB also projected that Africa’s economy is expected to grow higher than the 3.2 per cent recorded in 2023, stating that growth on the continent will rebound to 3.8 per cent in 2024.
Already there are pockets of protests in some Nigerian cities with citizens calling on President Bola Tinubu to profer solutions and save them from hunger.
