In October, President Muhammadu Buhari presented an Appropriation Bill of N20.51trn ($43.7bn) for the fiscal year 2023 to the joint session of ... the lower and upper Chambers of the National Assembly. He described the 2023 proposed budget as one “of fiscal sustainability and transition" - his very last budget as Nigeria's president. However, what financial legacy is he leaving behind?
In 2011, the middle and lower classes, which had been alienated by Hosni Mubarak’s regime, staged mass protests that led to the ouster of the president, paving way for Abdel Fattah al-Sisi to take over.
Seven years later, Sisi’s government began spearheading a campaign to demolish houses that were built in the last 20 years, citing a lack of legal documents and “[violation of] the state’s public property”. The demolition, which involves use of force – including the military – targets neighbourhoods in lower and middle class areas. So far, thousands of people have been displaced and hundreds of families are at risk of having their homes demolished.
Amid rising inflation rates and price hikes, the government continues its expansion of massive new cities, posh shopping and entertainment centres, and new real estate for the rich. Consequently, will the affected social classes challenge the regime for taking away their homes and how are the demolitions alienating a once supportive segment of the population?