Economy
Nigeria: Importers Warn of Price Hikes Over Customs’ New Levy
The new customs levy could propel a price surge in consumer goods.
Favour Adeboye
September 10, 2025
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The new customs levy could propel a price surge in consumer goods.
Analysts believe scrapping 5% telecom tax by Nigerian President would boost economy.
From an alternate perspective, a pan-African study finds that Nigeria’s political leaders have weaponised social policies for short-term electoral gains, prioritising optics over sustainability.
As hunger persists and Nigerians grapple with economic hardship, many individuals and business owners are entangled in the horrendous act of hoarding, fueling the inflation crisis in the country.
During inflationary surges, such as the one Nigeria currently endures, additional money in workers’ pockets often serves as a stopgap measure rather than a solution to underlying issues like food insecurity.
Our findings revealed that by dictating to hardworking Nigerians how much to sell their goods, not only is the price control immoral, but such policies can create more scarcity and further inflate the price of goods.
The call for a “living wage”, a connotation for an increment of the minimum wage, should focus on asking the government to fix the causes of inflation and not be a demand that will drown the country further into debt.
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Get new insights on pro-freedom issues and current events. Subscribe to ‘Letters of Reasoning’ for weekly expert commentary and fresh perspectives.
