How to survive the rising cost of petrol and transport in Nigeria
With one swoop, fuel pump prices skyrocketed, and the cost of transportation went up with it. Here’s how to cope.
The Presidential inaugural speech of Bola Tinubu about the removal of fuel subsidy has caused the cost of transportation in Nigeria to rise.
Transportation costs may soon compete with basic living expenses, such as rent and food.
If you have a car, you will spend more than double what you previously spent to fill your tank. If you use public transportation, you have to add much more to your transportation budget.
As we cannot determine the effect of this or if a strike is imminent, we have prepared a helpful guide on how to minimize its effects.
1. Carpool
If you find yourself going to work daily and sharing office space with other car owners who live nearby, you might want to consider pooling resources and fueling a single car instead of each person driving to work.
This can result in decreased traffic congestion and reduced expenses for everyone involved. They can alternate cars and the person driving.
2. Take walks
Do you have to take a Korope (7-seater minibus) or a keke (tricycle)? No. Get your running shoes ready and be prepared for a fit fam life of walking. To reduce the transport cost, you can take walks to certain places before you take public transportation.
3. Don’t drive unless it’s essential
No more time for recreational outings and driving. Do you drive to the grocery store that’s just 10 minutes away, or maybe you drive around at night to clear your head? There’s no more fuel or money for that anymore.
Is it cheaper to fuel your car or take public transportation? Do the maths and decide for yourself.
4. Stay home
When you have paid rent, transportation and food, you might not have extra cash to spare, just stay home and eat the rice you have at home.
5. Make excuses when your friends ask you to go out
If you frequently get invited to weddings, birthdays, and other social events but don’t want to attend, you need to become skilled at coming up with convincing excuses. “I am sorry my emotional support plant died.” “I am praying and fasting and can’t leave the house.” Whatever you can say to stay back home, say it.
6. Get a bicycle
Bicycles are excellent, you don’t spend any money to move it from point A to B. It’s also great for your health. If you live in Lagos, be careful where you ride your bicycle to, you don’t want to be hit by reckless drivers.
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