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Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #nsLAGOS - Nigerian Josephine Akiga looks around her empty restaurant in Lagos, where a sole customer sits eating, longing for the days when the place was filled with people.
But the economy is growing well short of the 6% annual expansion targeted by Tinubu, while the reforms have driven inflation to a 28-year high, worsening a cost-of-living crisis.Bismarck Rewane, a prominent economic analyst who was appointed to Tinubu's economic council in March, agreed with the need for economic reforms but said more attention should have been paid to their implementation.
Anthony Idowu, a 47-year-old bank employee, said the cost of filling his car had nearly quadrupled to 36,000 naira since the petrol subsidy was removed last year. Earlier this week, he and members of his community paid 50 million naira to free 18 family members and some residents who were kidnapped on March 10. Some 40 others remain missing, he said.Nigeria has long struggled with insurgency and attacks by armed gangs who kidnap for ransom in the north, where poverty levels are higher.
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