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BREAKING NEWS|TAP TO VIEW THE FULL V!DEO, FATHER ARRESTED FOR BEHE4DING HIS 1 YEAH OLD SON AND CAUSING INJURY TO HIS WIFE AND MOTHER IN-LAW.As Nigerian Christians join the global celebration of Christmas, the season’s usual cheer is overshadowed by escalating economic challenges in the country. ...Tap To Read The Full Story Here | ..Tap To Read The Full Story Here...
Traditionally a time for travel, festive meals, and gift exchanges, this year’s celebrations are marred by skyrocketing prices, making it difficult for many families to enjoy the holidays.
Transportation costs have increased by over 50%, discouraging many from travelling unless it is for urgent matters such as weddings or family emergencies.
The removal of fuel subsidies by President Bola Ahmed Tinubu in May 2023 triggered a ripple effect, leading to price hikes in petrol and, consequently, transportation fares.
Commercial 18-seater buses now charge between N30,000 to N35,000 for trips to southeastern and south-southern states, a significant increase from the previous fares of N20,000 to N25,000.
For example: Abuja to Enugu is N35,000, Abuja to Port Harcourt is N40,000, Abuja to Lagos is N45,000 and Abuja to Ilorin is N25,000.
While some bus drivers attribute the increase to seasonal demand, passengers lament the financial strain, opting to travel alone instead of with their families.
Food costs have also increased, with some items more than doubling in price.
A survey in Abuja by Daily Post revealed that a bag of rice is N107,000 (up from N75,000), five tubers of yam is N20,000 (up from N10,000), five litres of vegetable oil is N19,000 (up from N6,000), while a sizable chicken is N15,000–N20,000 (up from N10,000).
Spices, tomatoes, and cooking gas have also seen similar price increases, leaving families to prioritize essential items over luxury purchases like Christmas trees, which have also gone up by over 50%.
Similarly, traders who sell Christmas decorations, have noticed a decline in sales as customers prioritize food and essentials.BREAKING NEWS|TAP TO VIEW THE FULL V!DEO, FATHER ARRESTED FOR BEHE4DING HIS 1 YEAH OLD SON AND CAUSING INJURY TO HIS WIFE AND MOTHER IN-LAW.
“Many customers said feeding their families is more important than buying Christmas trees,” Ike Uguru, one of such traders said...Tap To Read The Full Story Here.
