Business
Minister Estimates N500 Billion Economic Damage from EndBadGovernance Protests
Dr. Doris Uzoka Anite, the Minister of Industry, Trade, and Investment, has disclosed that the ongoing EndBadGovernance protests have inflicted significant economic damage, estimated at around N500 billion.
In a statement shared on her official X account, she expressed her concern over the tragic loss of life and the widespread destruction caused by the protests.
Her report highlighted that goods valued at approximately N52 billion have been destroyed, and the death toll has tragically reached 21.
She emphasized that the looting and other disruptions resulting from the protests have caused severe setbacks for businesses and entrepreneurs throughout the nation.
Dr. Anite conveyed her deep sorrow for the lives lost, extending her condolences to the grieving families.
She underscored that the substantial financial losses and disruptions to economic activities represent a grave challenge for the country’s economic stability.
She called for a shift towards more peaceful and constructive dialogue as a way to honor those who have lost their lives and to address the pressing issues at hand.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
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