Petrol prices have surged from below N200 in 2023 to over N1000 in 2024.
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For the Principal of Dowen College, Lagos, Adebisi Olayiwola, the fuel price hike means increased transportation costs for students and staff members. In Bauchi State, Caleb Philip, whose children attend Prippema International School, said he was considering changing their schools.Big Trust Academy in Kano State has a solar system but still relies on fuel for the school buses, spending more than N6,000 every day to commute students, according to the school’s director, Bashir Ibrahim.
The Vice President of Alethea Communication Network Limited, Enomfon Okure, corroborated Mr Thomas’ concerns. She said her organisation has stopped using generators and installed solar power to reduce energy costs. In contrast, El-Dormart Hotels and Suites in Maraba, Nasarawa State, increased accommodation fees to offset the rising energy costs.
“People are highly incapacitated financially now. Everybody is crying. So, if you increase your rate, you are driving them away,” he saidMusa Aliyu, the owner of a commercial phone charging spot at One Man Village in Maraba, Nasarawa State, said he has had to increase his charges.
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