From market stalls to motor parks, rising transport fares are quietly squeezing wallets—and the IMF says it’s getting worse.
Nigeria’s cost-of-living crisis is deepening, with the International Monetary Fund warning that soaring transport costs are driving food prices through the roof.
At the IMF/World Bank Spring Meetings in Washington, Abebe Selassie said higher fuel prices and logistics costs are hitting supply chains hard—making food more expensive and life tougher for households.
The ripple effect? Farmers spend more, transporters charge more, and consumers pay the price.
While recent economic reforms are helping Nigeria stay afloat, the IMF cautions there’s limited room for government intervention without risking long-term stability.
Until transport costs cool, inflation—and everyday hardship—may keep climbing.
Leave a comment