December 23 2023

Ordinary Nigerians groan as queue hits fuel stations, naira dries up few days to Yuletide

Rise in price of food items, fuel naira and fuel scarcity make ordinary Nigerians groan few days to Christmas and economic hardship bites harder

Just two days to Christmas celebration, ordinary Nigerians are face with worst economic hardship as long queue returns in fuel stations, food items soars and naira dries up across the nation.

Read Also: “Don’t panic, Tinubu will release Nnamdi Kanu,” Sen. Abaribe to Ndi Igbo

The situation even appears to be worst in Abuja, the Federal Capital Territory. A liter of fuel has hit all-time high, selling at N610 and N1,300 at filling stations and black market respectively. Only NNPC outlets sell at N617.

Prices of food items are also unreasonably high for the ordinary Nigerians, and PoS operators are, again, milking people dry, charging as high as N300 for N5,000.

In Lagos, PoS operators charge N200 for N5,000. A liter of fuel sells between N600 and N650.

One Mrs Abike Ojo who patronizes Uber rides told Punch that she now paid N9,500 from Ikeja to Lagos Island, a distance she used to pay N3,500 to go.

In Onitsha and Enugu, the twin problems of fuel and cash scarcity also bite harder as most Automated Teller Machines (ATM) no longer dispense cash.

Cash withdrawal inside banking halls is rationed so cash can go round, and PoS operators are already capitalizing on that for profit. And price of fuel is between N670 and N700 in Enugu and Anambra.



Posted December 23, 2023 by profW in category "News +

Leave a Reply

Your email address will not be published. Required fields are marked *