‘Running A Business In Nigeria Is Frustrating’ – Actress, Wofai

The alarming cost of running a business in Nigeria, has made popular media personality and actress, Wofai Ewa known as Wofai Fada to lament. The actress who also runs a restaurant cried out on Instagram on Thursday over the increase in prices of food items and cooking gas. Expressing her anger, Wofai said running a business is tiring and frustrating and expenses are getting out of hand. Her post read: The cost of things in this country is not even funny anymore. Stockfish, gas, palm oil and the list goes on. “Let me not talk about diesel, that’s a topic for another day. “Running a business in this country is so tiring and frustrating.”

On a monthly basis, the prices of food items seem to be increasing in major cities in the country. For example, the prices of flour products such as ‘bread’, grains such as ‘rice, beans, Garri’, and regular beverages have experienced an unimaginable hike in price within the last one month compared with previous months within the year.

Findings reveal that’ ‘Sardine’ originally sold at N300, now sells for N600 at the market and N700 in supermarkets across the country. A bag of beans sold at N30,000 earlier in September now costs between N50,000 and N100,000.

Also, sachets of beverages (e.g, milk, milo) sold at N700 now goes at N1200. Bread that used to sell for between N350 to N400 now sells for N700. Almost all the prices of consumables have doubled within the last one month.