…surging rents, transport costs shrink spending power Nigeria’s households are cutting spending again as inflation pressure returns, with soaring food, rental, and transportation costs driving the squeeze. Mary Chukwu, a secondary school teacher in Ketu – Lagos, now spends nearly her entire monthly salary commuting to work from Adamo in Ikorodu to Ketu. Higher rental costs had pushed her to move from residing in Ketu to Adamo in February. “There is hardly anything left of my salary after subtracting transport an
…surging rents, transport costs shrink spending power Nigeria’s households are cutting spending again as inflation pressure returns, with soaring food, rental, and transportation costs driving the squeeze. Mary Chukwu, a secondary school teacher in Ketu – Lagos, now spends nearly her entire monthly salary commuting to work from Adamo in Ikorodu to Ketu. Higher rental costs had pushed her to move from residing in Ketu to Adamo in
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