Economy

Nigeria bids to placate youth to avert looming inflation protests

Date: Jul 27, 2024

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 $70 million youth investment fund that was started in 2020, aimed at providing grants to Nigeria's youth to generate jobs.

--Reuters--

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