Food prices and transport fares have increased across Nigeria in the past few weeks, as the impact of the removal of fuel subsidy bites harder.
The price of petrol has increased by more than 100% since the government announced its removal in March, and this has had a knock-on effect on the prices of other goods and services.
In Lagos, the price of a loaf of bread has increased from N200 to N300, while the price of a litre of imported rice has increased from N25,000 to N30,000.
Transport fares have also increased, with the price of a bus fare from Ogba to Alausa, Ikeja increasing from N100 to N400.
The increase in prices has put a strain on the budgets of many Nigerians, and has led to protests in some parts of the country.
The government has said that it is working to cushion the impact of the fuel subsidy removal, but it is unclear how effective these measures will be.
In the meantime, Nigerians are facing a difficult time as they try to cope with the rising cost of living.
The increase in food prices and transport fares is having a negative impact on the Nigerian economy. It is making it more difficult for businesses to operate, and it is putting a strain on the budgets of households.
The government needs to take steps to address the rising cost of living. It could do this by providing subsidies to businesses and households, or by introducing measures to control the prices of goods and services.
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