THE EFFECT OF THE REMOVAL OF FUEL SUBSIDY TO NIGERIANS
Food Prices Skyrocket In the few hours between the announcement and daybreak, food prices have escalated beyond imagination. TheBrief visited markets in Abuja to evaluate the percentage increase in commodities, and the reasons for the increase. The price of food stuffs like rice, tomatoes, sweet potatoes have been seen to almost tripple in less than a day. Sellers blamed the hike on the high cost of transportation they experienced this morning, in getting their goods to their respective selling points. A trader lamented that a trip which cost her N300 Wednesday morning, now costs N800. The traders lamented that the increase in transportation cost had led to a definite increase in the cost of their products, while also fearing that patronage would drop, as their customers are not any richer. There is no telling when or if food prices will drop, as Nigeria has a history of poor price regulation. Fuel Queues Persist So far, the fuel queues which have plagued Nigeria in the