In Nigeria, painful anti-inflation shock therapy. The drop in subsidies and the fall of the currency are fueling the surge in prices which is crystallizing social anger.
The cause is the shock therapy initiated by President Bola Tinubu, who came to power in the spring of 2023, aiming to restore an economy that has been adrift for several years. “ These two policies aimed to consolidate public finances, which have continued to deteriorate for ten years. In the short term, this has painful inflationary effects for the population,” comments Thomas.