• About Us
  • Contact Us
  • Privacy & Policy
Friday, July 18, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Nigerian Restaurant Owners Struggle as Fuel Price Increases

Vincent Amadi by Vincent Amadi
September 30, 2024
in Economy
Reading Time: 4 mins read
A A
0
Nigerian Restaurant Owners Struggle as Fuel Price Increases
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


Restaurant owners in the Federal Capital Territory (FCT) have voiced their concerns over the impact of the rising fuel costs on their businesses, urging the federal government to take action and address the issue.

In separate interviews conducted in Abuja on Sunday, several restaurant operators expressed frustration over the adverse effects of the increased fuel prices on their daily operations, particularly in terms of transportation costs and food pricing.

According to restaurant owner Likita Faith, the hike in fuel prices has forced her to raise the prices of her food items by 10 to 15 percent in order to maintain profitability and cover the rising expenses of running her business.

She explained that, as a result, some of her customers have been forced to make difficult choices, such as skipping meat from their meals or reducing the portions they order, to manage their budgets.

Faith emphasized that the situation is dire for many Nigerians who are already grappling with financial difficulties. “The government should settle this issue of fuel increase to make things easier for Nigerians who are already finding it difficult to make ends meet,” she stated.

Her plea reflected the sentiments of many in the restaurant industry who are struggling to stay afloat amid the rising operational costs.

Judith Akor, another restaurant owner, highlighted the direct impact of fuel price increases on her business and the resulting dip in her income.

Two months ago, Akor used to sell a plate of food for N500, but the price has now surged to between N800 and N900, depending on the type of meal.

She pointed out that the rise in prices has led to a sharp decline in patronage, further exacerbating her financial difficulties.

“Patronage has also dropped, and this has affected my income as I do not make much profit. I know it may be difficult for the price of things to come down, but the government should at least address the issue of fuel increase because many businesses are affected directly or indirectly,” Akor explained.
Deborah John, a third restaurant owner, described local eateries as the “heartbeat” of many communities, and she emphasized that these businesses are struggling to cope with the soaring costs of fuel and food.

John lamented that the price hikes have significantly increased her operational costs, including transportation, food supplies, cooking gas, and charcoal.

She said her earnings have been impacted due to the reduction in customer turnout. “The fuel hike has increased our operational costs significantly. We are paying more for transportation, food items, cooking gas, and charcoal.

So, I am not getting as much income as expected because of low patronage from customers,” John noted.

She called on the government to address the fuel price issue and invest in infrastructure improvements, such as upgrading storage facilities and repairing the nation’s refineries, to alleviate some of the burdens faced by businesses.

Ngozi Eze, another restaurant owner, echoed similar concerns, stating that the high cost of fuel has forced her to raise the prices of her food, which in turn has reduced her customer base. Eze pointed out that three months ago, she was selling a plate of rice for N500, but she now has to charge N1,000 to cover her costs.

She expressed her frustration and desperation, urging the government to act swiftly and fairly. “If I don’t sell at this price, I cannot pay my workers or even provide for my family,” Eze said. She concluded with a heartfelt plea: “I plead with the government to do the right thing and stop punishing the poor masses. We are suffering.”

Recent statistics from the National Bureau of Statistics (NBS) highlight the extent of the problem.

According to the NBS, food prices for August 2024 have risen significantly, with notable increases in items such as beans, yam, garri, onions, rice, and eggs.

The rise in food prices reflects broader inflationary trends, exacerbated by the rising cost of fuel and its ripple effects on the cost of goods and services throughout the economy.

Restaurant owners, who often serve as the cornerstone of local communities, are now facing the dual challenge of rising operational costs and declining customer demand, forcing many to rethink their pricing strategies.

However, these business owners are united in their call for government intervention to ease the burden and ensure that essential services, such as affordable food, remain accessible to Nigerians.

The increase in fuel prices has left many restaurant owners in the FCT struggling to maintain their businesses as operational costs continue to rise.

With food prices climbing, the ability of ordinary Nigerians to afford meals is being tested, and restaurant owners are calling for swift action from the government to mitigate the negative impact on their livelihoods and the broader economy.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Marketers kick against Dangote’s plan to crash price of cooking gas

2 days ago
Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

4 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

1 month ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

We’ve disbursed N73.2b interest-free loans to 396,252 students in one year —NELFUND
National

We’ve disbursed N73.2b interest-free loans to 396,252 students in one year —NELFUND

9 hours ago
INEC extends continous voter registration exercise in Anambra amid massive turnout 
National

INEC extends continous voter registration exercise in Anambra amid massive turnout 

9 hours ago
FG suspends recruitment into paramilitary services
National

FG suspends recruitment into paramilitary services

18 hours ago
Breaking: Momodu resigns from PDP, joins ADC
National

Breaking: Momodu resigns from PDP, joins ADC

18 hours ago
REA’s N28.7 Billion Intervention Lights Up Rural Nigeria
National

FG to boost electricity supply to 8,000MW in 18 months

19 hours ago
Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages
Entertainment

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages

1 day ago

POLITICS

Breaking: Momodu resigns from PDP, joins ADC

Breaking: Momodu resigns from PDP, joins ADC

18 hours ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP

Breaking News: Former vice president Atiku Abubakar resigns from PDP

1 day ago
Kwankwaso asserts refraining from making comments on political events

Kwankwaso Not Leaving NNPP for ADC – Dungurawa Clears the Air

3 days ago
ADC Accuses Tinubu of Plotting to Derail 2027 Momentum Through Courts

ADC Accuses Tinubu of Plotting to Derail 2027 Momentum Through Courts

4 days ago
ADC Questions President Tinubu’s Five-Day Disappearance After 2025 BRICS Summit in Brazil

ADC Questions President Tinubu’s Five-Day Disappearance After 2025 BRICS Summit in Brazil

4 days ago
2027: APC chieftain warns opposition leaders and ADC against reckless statements

2027: APC chieftain warns opposition leaders and ADC against reckless statements

4 days ago

YOUR ECONOMY

Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Marketers kick against Dangote’s plan to crash price of cooking gas

2 days ago
Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

4 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

1 month ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

1 month ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

1 month ago

E & P

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages
Entertainment

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages

by Steven Atogi
1 day ago
0

Controversial musician Speed Darlington has taken legal action against NAPTIP, filing a N3 billion lawsuit over defamation.He insists that the...

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

Osimhen Asks Napoli to Clear Path for Galatasaray Move – Mustafa Göksu

3 days ago
Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

1 week ago
Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

1 week ago
Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

1 week ago
Breaking: Galatasaray submits €50m bid for Victor Osimhen

Breaking: Galatasaray submits €50m bid for Victor Osimhen

1 week ago

YOUR THOUGHT & HISTORY

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent
Columns

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent

by Odini Brains
2 days ago
El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
2 weeks ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
3 weeks ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
3 weeks ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
5 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

We’ve disbursed N73.2b interest-free loans to 396,252 students in one year —NELFUND

We’ve disbursed N73.2b interest-free loans to 396,252 students in one year —NELFUND

July 17, 2025
INEC extends continous voter registration exercise in Anambra amid massive turnout 

INEC extends continous voter registration exercise in Anambra amid massive turnout 

July 17, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address