Price Stickiness Grips Nigerians Amidst Fuel Cut Expectations

A deep perception has formed among millions of Nigerians that the fundamental laws of the economy work in only one direction.

When fuel prices skyrocketed from around 800 Naira per liter to 1.450 Naira, this increase was instantly reflected in the prices of all goods in the markets, placing a heavy burden on the shoulders of the…