The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the inflation rate in Nigeria is largely driven by the cost of transport.
Ahmed, who spoke on Friday at a virtual consultation and stakeholder engagement to discuss the economic and fiscal policy drivers underpinning the Finance Bill 2020, said the draft bill sought to reduce transportation cost in the country. The minister said, “The essence why this is being done is we recognise transportation as one of the major cost drivers in the economy.
After APC will blame the previous Government for dia mistake
An your government is constantly in the business of fuel price increase.
Nigeria 🇳🇬 don't have inflation but bad governance, those that swear not to provide basic amenities to the people, no good roads, hospitals light and schools etc diais God oh.
Lame excuse
And transportation cost was driven by fuel price and cost of motor repair due to bad road, so it all boils down to the government
When we dont have refinery and efficient transport system
O'Lord
Increase in transportation cost caused by who?
Have you seen the roads? From Ijebu-Ode to Lagos, a normal 35 minutes journey is now 6 hours. Nigerian leaders deserve eternal punishment and damnation!
What's increasing the transport cost? Federal Government's increase in fuel pump price. So who bears the blame? Irresponsible and comatose Federal Government
🐘🐼Zoo!
And u people keep increasing fuel price. Can't u see this gov't is useless!
Numbers clearly show that the cause of the increase in inflation is consumer goods.
Please just resigned if there's nothing tangible that will come from your ministry than talking,and borrowing
You know nothing woman! Resign
What is the solution? Don't come and be telling us the problem we know.
lack of in-depth root cause analysis, such ineptitude in a country with brains🧐
Is she okay?
...and transport cost is driven by?
I don't think you know what you're saying
How can any Professional say a thing like this? This is unbelievable!!... So Transport cost bring inflation just like that?... This is crazy mehn!!!
Transport cost? When we don’t have a working transport system so how is that possible. This people are unrepentantly dubious always making excuses for their incompetence
.....and then you increase petrol price
So you mean drivers are driving the inflation?
What make the transportation cost inflation. When the price of petrol get higher and all sort crude oil produce increase in price. What do you expect
Anytime I see you and Lai Mohammed, I don't even bother because I know another lie is coming out.
What drove the transport cost?
How about the food component, the impact of that is even more than transport
Is like we lack sensible people in the right places of leadership? What nonsense from a Finance minister
I quest that is why they increased the price of fuel to decrease the rate of inflation, i don't get it, are this people insane or from a different planet
Removing the Arabic inscription on Naira note will not make you rich. If you're destined to be poor, my brother you will remain Poor forever 🤣🤣
Which you you are still adding up to again by further increasing fuel price.
Hmm i guess that's why you decided to increase cost of fuel...to curb it
Nigeria inflation is caused by the use of fiat currency which has no intrinsic value and which is a system established as a legalised theft of the worst kind .only commodity or representative money are true money which doesn't bring inflation
Now that you know what is the way forward. We already know this. So fix the ish get the heck out
Pls what drives transport cost Mrs Minister?
Fuel pump price is going to between N 300 and N 500. This should be achieve before May 29, 2021. Nigerian must have sense by force. 😁😁
Olodo.
Ha!
This government lacks professionals in every areas, when an establishment is about who you know and a section of the country you are from, when talent and intellect is been trampled; what you get is absolute failure.
Olodo ni eleyi o.
i dont get it
Next is clueless government.
Keep on increasing fuel price, it's going to drop; you hear?
Buhari chose his cabinet members based on their crass incompetence
And transportation cost is driving by FG pump price increase ✔️
Madam the transport cost is driven by the continuous increase in fuel prices & hike in power with no corresponding increase in the power supply. This government is only good creating hardship for the people .while Buhari & his family are living a golden life.
Dump brain call minister.
It is what it is ( olodo) EndBadGovernmentinNIGERIA endcorruptioninnigeria EndSARS
Wetin dis mumu dey talk abeg?
Where are all these people picked from to be in these positions? Please you are denting the intellectual image of other citizens of this country. Anyways the result of this, is clearly seen on the present-day governance of this nation. Absolutely nothing to write home about.
Very true. Bad roads and extortion from security agencies
That is why it is very important to keep increasing the cost of fuel every other month. You are doing well madam.
... transportation driven by hike in pms
Bloody lies....Do you think you are talking to fools?
Idiots!
So accurate 👍
Olodo everywhere
Den u kept on increasing petrol price there by increasing inflation
And we are increasing it further with high fuel price.
Na wa oh
Dis one na quota system minister
See minister oo
How?
I don't know which planet Buhari brought these his ministers from
Invest in rail. make connecting rails lines across the country. the rail system made America and UK what they are today
Everyone is confused in dz administration
In connection with hike in petrol price madam
This madam knows nothing about economics
This administration just won't take responsibility for anything. If at all you're right, which is absolute falsehood, who increased fuel price?
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Is it IMPOSSIBLE to think up, and implement solutions? If it cannot be privatised, can it not be prioritized at least? Are we moving backward?
Transport cost driven persistent increase in pump price, bad roads and of course....Agbero😫😃😫
Look at them dead brain leaders
Transport cost is just part of but not the main cause madam.. But what are you people doing to atleast address the this minor caused you have pointed out?
Olodo
Really , I guess the incessant increment in petrol pump price isn't.. some people needs a rehab session!
Do you really even understand what 'inflation' means? 🤔
Thank God is not PDP this time.
What drives transport cost? Isn't it fuel?! Kin ma ni e ponu
Then what’s driving transport cost?🧐
This one sef ehhn How many international finance organisations she don work for gan ?!
That's you decided to increase the price of petrol to bring it down abi? How did you get your degree?
Madam, are you saying ChibuikeAmaechi is not doing well?🤷♂️
Story!
Because fuelnprice was increased
God help you guys
Not totally, but why not...pump price high AF ...plus agberos (touts) are the new transport experts...
If we starting say Northerners are not educated they will say we have start again. But what is all this again. It's not inflation that lead to an increase in transportation cost. In fact I'm speechless.
Oh God. A layman like me know that this woman is talking nonsense
How about dollar rate? Abi we don de produce waiting we de eat, wear plus drink etc for Naija?
THIS PEOPLE ARE SHAMELESS
Don’t tell us the cause, we need solutions
Not Just transportation cost and perhaps if it is we should discuss the factors that affect the cost of transportation eg cost of fueling, dilapidated roads, general increased in transportation levy among others. This is just a section of the economy that is in shambles.
Yet the gov.keeping increasing the price of pms😚
Even though this isn't the core problem, but absolutely not off the point. Yet, your boss MBuhari has increased price of PMS again. What do you people discuss at FEC?, I think PBM's FEC meetings is more of a funfair, as opposed to been mirror of reality.
I thought you are educated
Then provide transport incentives to deflate it. Simple.
Cost of PHCN meter too affected by transport cost?
The question is What prompt the high cost in Transport ?
What drives the transport and costs of other things, Dear Madame Bluetooth Feeder? Endsars
When you raise fuel price all the time, inflation is uncontrollable.
The it is a no brainer to increase fuel price
Ashawo, you should be talking about Fuel cost, bad road, police bribe at checkpoints, Agbero tickets at the garage, road is completely damaged.
Transportation cost are driven by hike in fuel prices
What’s this woman’s qualification? That’s when I’ll know what to say.
Chai... then madam minister we all should hold the transport minister and NURTW responsible for the high rate of inflation.
Una go soon blame una many failures on the fish that swallowed Jonah. 😤😤😤
Transport cost driven by fuel cost
Madam u are confuse human being
I thought it was the other way round
What is this one saying....like u don't know what is going on...so high cost in transportation increases bag of rice, groundnut oil and even petrol ...u re not doing well madam
You’re indeed the worst finance minister in the history of this nation...
Mental case
Double digit inflation is bad news.
Wrong Madam minister of finance, very wrong. The inflation is driven by: 1. Supply push due to closure of border 2. Supply push due to impact of COVID 3. Reduction in government spending due to economic recession You don’t need a prophet to know this.
Set awon confused idiots
You're incompetent... I don't see any sense in what you're saying...
This is a new economy law, Econs students should take notes.
Like seriously? Not increase in tax Not increase in pump price Not poor road network Not dollar driven Nigerian economy that has continued to weaken our Naira. We will soon have sense.
And bad roads and old derelict and poorly maintained transport infrastructures.
Inflation driven by transport cost? We have not had significant increase in fuel price to drive inflation rate that high in the past few months. Abi is there something I am missing? My boss afeesmayowa_O what do you think
...which is equally driven by cost of fuel.
Tot dollar was responsible
😆🤣😂
then make the road motor able instead of coming to complain
And transport cost partly, but significantly, driven by PoliceNG officers that collect bribes from transporters 🤷🏽♂️
Everyday Another Wahala
And transport cost increase is directly proportional to increase in petrol.
And yet your boss keeps increasing fuel price. Animal talk
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