Tag: #CostOfLiving
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FCT TRADERS, RESIDENTS LAMENT RISING PRICES OF TOMATOES, PEPPER AND OTHER FOOD ITEMS
Traders and residents in the Federal Capital Territory (FCT) are expressing concern over the continued rise in prices of tomatoes, pepper, and other perishable food items. Many traders say prices have increased significantly in recent weeks, making it difficult for them to restock and for customers to afford basic ingredients. They attribute the situation to…
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HIGH TRANSPORT FARES DISRUPT SALLAH TRAVEL PLANS IN ABUJA
Many residents of the Federal Capital Territory say rising transport fares are affecting their Sallah travel plans ahead of the Eid-el-Kabir celebration. Some residents who spoke in Abuja said the increase in fuel prices and the current economic situation have made inter-state travel difficult for many families. While some have cancelled trips entirely, others say…
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LAGOS TRADERS, RESIDENTS LAMENT LOW SALLAH PATRONAGE AMID RISING FOOD PRICES
Traders and residents in Lagos say this year’s Eid-el-Kabir market activity is slower than expected as rising food and livestock prices continue to affect spending. Some traders told NAN that patronage has dropped compared to previous Sallah celebrations, with many customers complaining about limited funds. Food sellers also said prices of tomatoes, rice, pepper and…
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SALLAH: DUTSE RESIDENTS STRUGGLE AS RAM PRICES SURGE AHEAD OF EID-EL-KABIR
Residents of Dutse in Jigawa State are expressing concern over the rising cost of rams and other sacrificial animals ahead of the Eid-el-Kabir celebration. Market checks indicate that livestock prices have increased by over 300% compared to previous seasons. A large ram reportedly sells for about N500,000, while a well-bred bull goes for around N1…
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LAGOS RESIDENTS STRUGGLE AS MEAT PRICES CONTINUE TO RISE
Meat prices in Lagos are rising sharply, and many residents say the increase is putting pressure on family budgets. A NAN market survey found that beef, goat meat and frozen chicken now cost significantly more than they did last year. Some residents say they have reduced meat consumption and are switching to fish and eggs…
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NIGERIA’S INFLATION RISES TO 15.69% IN APRIL – NBS REPORT
Nigeria’s inflation rate rose slightly to 15.69% in April 2026, according to the National Bureau of Statistics (NBS). The latest report shows a marginal increase from 15.38% recorded in March. The NBS said the rise was influenced by higher prices in food, transport, accommodation services, and other household essentials. Food inflation stood at 16.06% year-on-year,…
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LAGOS RESIDENTS SAY CHEAPER FOOD DOESN’T MEAN EASIER LIVING
Many Lagos residents say even though prices of staples like garri, rice and beans have dropped slightly in recent months, low income and rising living costs are still making feeding difficult. Some residents who spoke in different parts of the state said transportation costs, stagnant salaries and expensive proteins like meat, fish, eggs, tomatoes and…
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ABUJA RESIDENTS CRY OUT: “ECONOMY DON TOO HARD!”
Residents of the FCT are raising alarm over worsening economic hardship, saying basic living has become increasingly difficult. Many told NAN that skyrocketing food prices and transport costs are eating deep into their incomes, forcing families to cut meals, borrow money, and adopt survival tactics like group savings. A civil servant, Grace Okoro, said her…
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COW PRICES RISE TO N2.5M IN LAGOS, BUTCHERS RAISE CONCERN
The cost of cattle in Lagos has surged sharply, putting pressure on both traders and consumers. The Lagos State Butchers Association says the price of cows has increased to about N2.5 million, up from around N1.7 million in 2025. The association attributed the rise to insecurity, high transportation costs, and delays in local ranching programmes,…
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TRANSPORT COSTS CHOKE NIGERIANS, IMF SOUNDS ALARM
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…
