The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday expressed optimism that the planned nationwide protest will be peaceful and orderly.
Wale Edun stated this during a ministerial press briefing in Abuja, where he explained that President Bola Tinubu understands the plights of Nigerians, saying inflation was increasing globally, including in Nigeria.
According to him, the high cost of living is not peculiar to Africa’s populous nation but a global phenomenon. He also blamed the ongoing war between Russia and Ukraine for the rise in global inflation.
“The President truly understands the concerns that are being expressed, particularly the high and elevated cost of living which is not peculiar to Nigeria at this stage with wars in Ukraine, Gaza and Sudan,” he said.
“There is disruption around the world and there has not even been a full recovery from Covid. So inflation is high around the world, and costs are high around the world.
“With our import dependency for raw materials, we too are feeling the effect. However, inflation is falling around the world and in Nigeria.”
