Rising Costs in Nigeria could lead to social unrest, AfDB warns

The African Development Bank (AfDB) has warned that rising prices of fuel and other commodities could lead to social unrest in Nigeria.

The bank also warned that rising cost of living could also lead to social unrest in Ethiopia, Angola and Kenya respectively.

The AfDB issued the warning in its macroeconomic performance and outlook for 2024 in which it projected Africa’s economy to grow higher than the 3.2 per cent recorded in 2023.