The surge in Nigeria’s inflation rate, which increased to 28.9 percent in November, and high energy costs are the major economic headwinds that negatively affected Nigeria’s passenger transport and haulage business in 2023.
Energy costs started soaring in early June following the fuel subsidy
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
