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Economic Hardships Mount as Price Hikes and Energy Policies Collide

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Nigeria faces economic pressures from a dramatic spike in cooking gas prices, driven by supply hoarding and markups from middlemen, worsening public hardship. Meanwhile, investors monitor rising cement prices amid optimism over higher returns, underscoring persistent inflationary trends. Amid these, the Petroleum Training Institute advises that abandoning Africa’s vast oil reserves is untenable given economic realities.

Sources

  • N3,000/kg- New report names cabal fuelling cooking gas scarcity, price hike
  • Investors cash out as Dangote Cement price rises, analysts predict higher rate
  • Why Africa should not abandon 125bn barrels oil reserves - PTI
Nigeria's Political Tensions Intensify Amid Governance Challenges and Social Unrest
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