Residents of Ughelli are grappling with the harsh realities of inflation as the cost of living continues to soar. From skyrocketing food prices to rising transportation costs, inflation is affecting every aspect of life, placing significant pressure on both households and businesses.
One of the most apparent signs of inflation in Ughelli is the sharp increase in food prices. Basic staples such as garri, rice, and palm oil have seen significant price hikes over the past year. According to reports, a bag of rice that previously sold for N40,000 is now priced at over N80,000, while the cost of a basket of garri has doubled from N1,500 to N3,000.
Transportation costs have also risen, driven by the escalating price of fuel, currently at N950 per liter. This increase has impacted the prices of goods and services throughout Ughelli. Okada and Keke riders, who provide essential transportation in the town, have been forced to raise their fares to cover their operational costs. The rise in transportation expenses has further strained household budgets, particularly for those who rely on public transport to commute to work or school. Many residents have resorted to walking longer distances to save money.
Local leaders and economic experts are urging the government to take decisive action to control inflation and provide relief to those most affected. They have proposed measures to stabilize fuel prices, support local agriculture to boost food production, and implement social welfare programs to assist low-income families.
Experts warn that if the government does not act swiftly, inflation will continue to erode the purchasing power of Nigerians, leading to increased poverty and social unrest.
As inflation continues to rise in Ughelli, residents are doing their best to adapt to the new economic realities. However, without broader government intervention, the situation may become untenable, with the most vulnerable populations bearing the brunt of the crisis. The people of Ughelli, like many across Nigeria, are hoping for rapid action to stabilize prices and restore economic confidence.
Written by: Blossom Kugbere and Christopher Emuakpeje
Edited by: Chris Odjoma