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Friday, October 18, 2024

How The Recent Economic Woes Is Killing Businesses

Bashiru Alade and Nurudeen Adeniyi used to be two of the busiest mechanics in Lagos.

They had a thriving business repairing cars and generators, and they were always booked solid.

However, all that changed when fuel prices skyrocketed from N187 to N500 per litre and further increased to N617 following subsidy removal.

The sudden increase in fuel prices made it too expensive for many people to drive their cars or run their generators.

As a result, the number of vehicles and generators that came into Bashiru and Nurudeen’s workshops dropped drastically.

Their businesses were decimated, and they were forced to scramble for new sources of income.

Bashiru started driving a motorcycle taxi (Okada), and Nurudeen started driving a tricycle (Keke) to make ends meet.

They are worried about how they will support their families, and they are angry at the government for putting them in this position.

“We used to be successful mechanics,” said Bashiru. “But now we are just struggling to survive. We don’t know what the future holds for us.”

Nurudeen echoed Bashiru’s sentiments

“We are just trying to make ends meet,” he said. “But it is very difficult. We are hoping that the government will do something to help us.”

The fuel price hike has had a devastating impact on Bashiru, Nurudeen, and their families.

Credit: Nairametrics

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