ANALYSIS
Why Your Salary Buys Less Today: The Hidden Cost of National Debt
A bag of rice that cost ₦8,000–₦10,000 shot up to over ₦50,000 and later above ₦80,000 at some point. Petrol prices jumped from ₦185 to over ₦500 immediately after the subsidy removal, then climbed past ₦600, ₦700, and sometimes exceeded ₦900.
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