EFFECT OF RISING FUEL COSTS ON BUSINESSES
The cost of fuel has gone up! In the last 18 months or so, it has jumped over four times from December 2020 at 185.00naira, and today we are talking of anything around 767.50naira. This is an exponential jump of four times and it is something that most businesses and industries are suffering from now, even small estates or small house owners are suffering. The devastating effect on business is something that we have seen across all cadres of our customers from the small customers through to the bigger customers. From our perspective, there are two parts to the …