Federal Government of Nigeria has been urged by its citizens to take urgent steps to provide solution for the current economic hardship in the country.
Some Federal Capital Territory residents on Thursday pleaded to the Government to address the high cost of goods and services.
According to the National Bureau of Statistics (NBS), the latest inflation rate in Nigeria surged to 34.19 percentage in June.
“According to the report on a year-on-year basis, the headline inflation rate in June 2024 was 11.40 per cent higher than the rate recorded in June 2023 at 22.79 per cent. Harrison Ikani, a tailor, said the prices of materials used in making clothes were on a continuous increase, which had led to low patronage.”
“We have been adapting and adjusting to the very miserable state of the country’s economy and it is getting very exhausting. It has been very difficult for me to make sales in my shop due to the high cost of materials I use to make my wares,” a resident said.
“These materials have been on a continuous increase, which has greatly affected the prices of my clothing items making it difficult for people including friends and family to patronize me.”
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