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Endsars protests : Nigeria loses N700bn within twelve days


By Charles Nwaoguji

Organised Private Sector (OPS) has expressed concerned over on going Endsars protests across the country.

They said just within twelve days of this protest the Nigerian economy has suffered an estimated over N700 billion

According to President of Lagos Chamber of Commerce and Industry (LCCI), Mrs Toki Mabogunje, the negative impact that the protracted nature of the EndSars protests has on business activities across the country are worrisome .

Mabogunje noted although the #EndSARS protest has been impactful and profound adding that it has demonstrated in unmistakeable terms the power of the people and the potency of the energy of our youth to bring about change.

She stated that the protest has achieved some significant outcomes given the reawakening that it has generated in reforming the shortcomings in our political governance and the fact that some of the demands of the protesters have been met.

She call for DIALOGUE phase of this struggle as  this is necessary to reduce the massive disruptions, blockades and barricades around our major cities and interstate highways.

She explained that these actions have been at great cost to the economy and the welfare of Nigerian citizens.

“ It should be noted that our economy is still reeling from the shocks of the Covid 19 Pandemic and struggling to recover from its devastating effects,” she said.

“We have begun to witness various unintended outcomes of this protest. There is a great risk that the situation may degenerate into a case of the complete breakdown of law and order which is certainly not in consonance with the objectives of the #EndSars peaceful protests.   It is important to avoid a situation where even more hardship is inflicted on the very citizens that the protesters are seeking to protect.”

As way forward, she said President Muhammadu Buhari should urgently grant audience to the leadership of the #EndSars to deliberate on the way forward and to agree on an action plan for the delivery of agreed outcomes.

She stressed that that the government should commit to rapid improvement in governance quality and accountability by effecting necessary institutional, policy and regulatory reforms not only for the police but the entire public sector ecosystem

On the part EndSars, she said the Leadership of the #EndSars should occupy the seats provided to participate in the reforms to be implemented by government in response to their demands.

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