Fuel Supply, Harsh Economic Climate; Nigerian Consumers Groan As Food Prices Rise By 50%

Following the persistent shortage in fuel supply and the harsh economic climate, there has been an average of 50 per cent hike in the prices of consumer goods and buyers are complaining bitterly.
In some Lagos markets visited by our correspondent, including Oyingbo, Iddo, Mile 12, Alade and Ipodo, prices of some food items like tomato puree, rice, vegetable oil and seasoning had increased substantially.

Our correspondent found out at the Ipodo Market that a carton of Indomie was sold for N1,500 as against the former price of N1,000; a retail pack of Gino tomato puree(70gm), formerly offered at N1,250, went for N2,700, while a five-litre keg of vegetable oil previously sold for N1,800 was offered for N2,500.

PRESS STATEMENT: WE DEMAND IMMEDIATE REVERSAL OF THE HIKE IN THE PRICES OF TRANSPORT BY RAIL - UAD

WE DEMAND IMMEDIATE REVERSAL OF THE HIKE IN THE PRICES OF TRANSPORT BY RAIL!

The United Action for Democracy (UAD), Lagos State Chapter condemns strongly the recent inhuman and unnecessary hike in the prices of transport by rail in Lagos in its environs.

Previously the cost of transport by rail from Iddo to Alagbado, Ijoko used to cost 500 naira for first class and 150 naira for economy class. But with the new hike in rail transport price, the first class is now 750 naira and economy class 230 naira.