If you are reading this, congratulations — you have survived another round of “everything don cost” in Nigeria. From food markets to transport fares, even sachet water has joined the inflation trend. But do not worry — you are not alone. Let us break it down and explore practical ways to navigate rising costs without sacrificing your sanity (or your small enjoyment).
How Price Hikes Are Affecting Everyday Life
1️⃣ Transport Costs: When “Drop Me Here” Becomes a Luxury 🚖
Remember when a cab ride from VI to Ikeja did not require deep prayers? Now, Uber fares feel like rent payments, and even danfo drivers charge as though they are running fully air-conditioned buses.
💡 What to Do:
- Carpool! Connect with neighbours or colleagues travelling in the same direction.
- Plan ahead! Use ride-sharing apps wisely and schedule trips during off-peak hours.
2️⃣ Electricity Struggles: Fuel, Generators & Constant Stress 🔋
PHCN remains that unreliable friend, while your generator is consuming fuel faster than you drink cold water on a hot day.
💡 What to Do:
- Invest in rechargeable fans, solar lamps, or a solar panel — it may seem expensive now, but it will save you money in the long run.
- Reduce electricity usage where possible to cut down on energy bills.
3️⃣ Food Prices: When Everyday Meals Become a Luxury 🥦
You step into the market to buy tomatoes, onions, and pepper, but by the time you are done bargaining, you are wondering if you mistakenly shopped in foreign currency.
💡 What to Do:
- Shop locally — seasonal produce is cheaper and fresher.
- Meal prep and bulk buy to reduce costs.
- Have a “village plug”? Now is the time to visit them and stock up on farm-fresh produce.
4️⃣ Lifestyle Adjustments: When Friday Nights Stay Home 🎉
Gone are the days of weekend outings without Monday morning regrets. With fuel, drinks, and transport all at premium rates, your sofa + Netflix is now the ultimate VIP experience.
💡 What to Do:
- Host potluck-style gatherings — everyone contributes, and the fun continues without the hefty bill.
- Try virtual game nights to stay connected with friends without spending half your salary.
How to Stay in Control (and Keep Your Sanity)
✔ Work Smart, Save Smarter
If remote working is an option, take advantage — you will save on transport and probably be more productive.
✔ Master the Art of Haggling
Bargaining is an essential skill in this economy! Whether in the market or negotiating a ride fare — every naira saved is a naira earned.
✔ Budget Like Your Future Depends on It
This is NOT the time for “vibes and inshallah” spending. Track your income, eliminate unnecessary expenses, and prioritise savings.
💡 Bonus Tip: Grow Your Money with MyInvestar
Price hikes may continue, but your savings do not have to suffer. With the MyInvestar app, you can:
✅ Automate your savings effortlessly
✅ Earn competitive interest rates
✅ Invest wisely, even during economic uncertainty
📲 Download MyInvestar today and take control of your financial future. Your future self will thank you!
The Nigerian Spirit Will Always Win 💪
Inflation is frustrating, but Nigerians know how to adapt and thrive. With the right financial strategies, budgeting techniques, and investment habits, you can navigate rising costs while securing your future.
Take a deep breath, stay focused, and remind these price hikes that they will not defeat you. You have got this, Investar!
