Price of sachet water soars to 500 naira amid inflation woes
Across many parts of Nigeria, the cost of a bag of sachet water has skyrocketed to 500 naira, leaving citizens grappling with the economic strain.
Association of sachet water producers attributes the price change to the prevailing inflationary pressures gripping the nation, prompting widespread lamentation among consumers.
With inflationary pressures affecting various sectors, the cost of production and distribution has surged, leading to higher prices for essential commodities like sachet water.
In response to the change, citizens across Nigeria have voiced their concerns over the sharp rise in the price of sachet water, which is a staple source of affordable drinking water for many households.
The sudden escalation in costs has left many struggling to afford this basic necessity, exacerbating the challenges already faced amidst economic uncertainties.
Meanwhile, the Association of Bread Bakers has also expressed their will to embark on a strike action in response to the economic challenges confronting their sector. With inflationary pressures impacting production costs and margins, bread bakers are deliberating on potential measures to address their grievances and ensure sustainability within the industry.
As Nigeria grapples with soaring inflation and economic hardships, the surge in the price of sachet water underscores the profound impact on everyday essentials for citizens.
Nigeria is facing its worst economic problem in decades as annual inflation draws close to 30% The cost of food has gone up by 35%.
President Bola Ahmed Tinubu had on February 8 directed the Federal Ministry of Agriculture and Food Security to release about 42,000MT of maize, millet, and other commodities from the national strategic reserves to address the rising cost of food in Nigeria.
