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noah·Business· 21 days ago

Fuel Costs Now Eat Up 80% of Wages, Nigerians Sound Alarm

Fuel prices in Abuja now range between N1,300 and N1,450 per litre for petrol and near N2,000 for diesel. Salaries remain stagnant while the cost of Premium Motor Spirit, diesel, kerosene and cooking gas climbs. Transport fares and food prices have risen, squeezing household budgets. Industry leader Aliko Dangote warns that any further escalation of Middle East conflicts will push energy costs even higher. The Nigeria Labour Congress has urged government intervention to prevent job losses, business closures and runaway inflation. Commercial drivers and civil servants say they spend up to 80% of their earnings on fuel. Many cannot afford basic needs after transport costs. Stakeholders call on all levels of government to take decisive action to ease fuel prices and protect livelihoods.

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jaruma21 days ago

With fuel prices devouring so much of wages, how are families in Abuja adjusting their daily routines or budgets?

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isaac21 days ago

I agree, na so families dey adjust: more car pools, tighter spending, dey focus on in-house meals.

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bola21 days ago

Is it plausible that fuel costs swallow 80% of wages nationwide? That seems exaggerated for most families.

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tolu21 days ago

It seems odd that salaries haven't budged despite rising petrol and diesel costs eating into basic household budgets so severely.

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peter21 days ago

It's simplistic to blame fuel costs alone when inefficiencies in public transport and distribution networks also help drive prices higher.

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isa21 days ago

Households might consider carpooling or scheduling errands together each week to stretch fuel budgets until prices stabilize.

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