Economic losses from #EndBadGovernance protests hard to estimate – Bagudu

The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has decried the economic losses arising from the ongoing #EndBadGovernance protests in the country.
He, however, noted that the loss of human life in the protests far outweighs material damage.
The minister, who spoke at the African Caucus 2024 meeting in Abuja on Sunday, acknowledged that government measures aimed at transforming the economy may have short-term costs, but are necessary to address decades of under-investment in critical sectors.
He noted that while some may disagree with the government’s approach, the administration is working to address accumulated issues in security, infrastructure, human capital, education, and health.
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Bagudu said: “You can’t even put an estimate because somebody has lost his life. How can you quantify that?”
He cautioned that even well-intentioned actions can be hijacked by those with malicious intentions, leading to harm and social disruptions.
“I don’t have an estimate about the damage, but one life lost is big enough.
“The government took measures that it believed would yield a greater tomorrow.
“But sometimes those measures come with short-term costs, and understandably some segments of society feel that maybe we should have done things differently, or it has taken too long and we have listened, we are mindful,” he added.
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