Recent fuel price hikes in Nigeria have left many struggling to cope with the rising cost of living. Economic expert Dahiru Garba warns that the increase from N897 to N1,030 per litre will push more people into poverty, impacting private sector, trade, and the masses.
Garba emphasizes the need for government intervention to mitigate the severe economic and social consequences, suggesting incentives for energy efficiency and reducing governance costs. Widow Mary Chatta and frozen food trader Oyiza Malik express their hardships, with Chatta urging the government to address the economic challenges faced by pensioners.
Taxi driver Emeka Uzor shares his frustrations, as the price hike has eroded his savings and profits. Uzor laments the high transportation costs, making it difficult to sustain his business. The price hikes have led to increased prices for goods and services, putting a strain on low-income households.
The calls for government action to alleviate the burden on Nigerians grow louder as many grapple with the escalating costs in their daily lives.