Nairametrics
Christmas is barely 24 hours away and energy costs are still high. This could make it very difficult for many Nigerians to enjoy the holidays.
As you know, the Christmas season comes with a lot of spending on food, gifts, transportation and more. At a time many Nigerians are faced with an inflation rate as high as 21.47%, it is not surprising that everything is so expensive.
Note that energy is very integral to everything people do this season – from transportation to lighting our homes. Therefore, if it is so expensive, the implication is that the costs will bite deep into people’s pockets/bank accounts.
High energy costs affect prices: The most essential energy-related purchases this season are fuel and electricity tokens. These purchases apply to households and businesses.
In a chat with Nairametrics, the founder of Paintways Allied & Chemicals, Abolade Lekan, said the high energy costs this Christmas period will have a devastating impact on the prices of goods and services.
