The country has seen an increase in transport costs in recent months largely on the back of the hikes in the pump price of petrol, used by many commercial transporters to power their vehicles.
The average transport fare paid by commuters for bus journey within a city increased by 12.70 per cent month-on-month and 48.02 per cent year-on-year to N278.88 in August, the latest data from the National Bureau of Statistics showed. “If you look at the rate at which our inflation is going, and you disaggregate the components, you will find that inflation is largely driven by transport cost.
What of fuel cost? Eyin olodo gbogbo.
Between this woman and lai Muhammed who lie pass sef
Of course. Do road, do rail, you dey slow. Elon Musk go reach Mars before our goods reach market for this country. Please step on it.
Finance minister that doesn't know anything. No light equals high demand in fuel equals high price of fuel equals high transport cost. Then add that with the excessive borrowing of the government. That will inevitability cause inflation!!!
Then do something about it
Now that the driver is known who's the conductor....,...ekpa na
I disagree totally! It's fuel hike!
And the FG is not ready to fix railway in Nigeria
This Nigerian leaders don't have common sense. Where is durable roads in Nigeria. Even the South West worse.
I hate seeing this useless minister of finance of a woman😩
Sisi oniranu.....
I guess it's the transportation cost that increased fuel prices. A set of human beings that will never take responsibilities. The next person is always the cause! EndSARS
ProfOsinbajo The unwanted increase in transport cost, a major drive of inflation it's a shared wickedness and man made problem to satisfy greed of view people in this sector and responsible for unemployment.
Nigeria has never been in a good condition before See the reason why we will keep getting harrassed by Nigerian police if this problems are not put in place👉🏽 EndSARS Watch the whole video and subscribe to the YouTube channel for more videos
i know no who gives this people certificate.
How then do you explain fuel prices increase?!
With PMS increase we should expect inflation on steroids.
I believe transport cost is also a passenger in another vehicle. Pls who's the driver of that vehicle?
And yet fuel price keep going up even though international market price isn't..
Why lying again ?
APC, progressive party and progressive individuals in the party. Inflation is progressing, pump price of PMS too is progressing. All to the next level. Thank God they are fulfilling thier promises. All those that voted for APC in 2015 have done ........ for us.
Good you know Hajiya
Blame everything but your incompetence and lack of adequate knowledge to run the country’s economy.
Inflation is peculiar to the use of fiat currency eg Nigerian Naira because it has no intrinsic value the notes are only being increased in it's amount and volume ,the value of goods and services remains the same showing that fiat currency is fraudulent
Government has a way of creating problems and blaming the citizens for the problem. What happened to bad road and increase in fuel price
Mrs BORO COMMENTATOR.
Madam minister I believe you don't know why the cost of transport affects inflation, it as a result of bad roads across the country caused by your incompetent govt, this inturn increases price of goods, that's just one of the causes, moron
Blame transporters. Continue. Don't blame the system the system that pegs the price of petrol.
I really doubt if this woman actually went to school
Stop girrafing, Zainab no gree!! NOW see the result
I stand to be corrected but ain't this some of the major causes of inflation. My little knowledge of economics is still intact.
Economist in the house over to you oo
Zainab and Emeifule combo have never done anything productive since time memorial
'We increased fuel pump price to reduce road accident this December. PMB acted as a father' lie Muhammad
And yet you keep driving transport costs up with your policies. Which school did you go to mbok?
No good policy so far
What creates the transport cost?
A case of round peg in square holes...only in naija...
What's this one saying I can't even pick her point
So what’s driving transport cost Madam?
They don't even know their rights from their left. We need streets man/woman as ministers in this country. Those who understands streets realities.
You guys don't have brain. If transport cost is the major drive to inflation why not look into why cost of transport is high liase with your transport minister. Why are you guys so gullible why
Because Transport cost use to drive itself abi...
Transportation of the rocket painted green and white ba? I talk am. I'm not reading this news
And you guys kept increasing pump price of petroleum. Mchewwwww
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D time has com 4 gud ones among d Nigerian military 2 do d nidful & seized power from dis criminal blood sucking govt, it's obvious dia mission is 2 cus extremely hardship & deaths. NG Military shud seek wisdom from oda Africa kotries & defend d Nigerians now from dis criminals..
Nope, Muhammadu Buhari clueless economic policies like border closures are the real drivers of inflation. Since you all are afraid to tell him the truth, we will continually be here to remind you guys.
English don suffer
Mumu
What drives transport cost?
Abeg who sabi this woman house ?
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