The war in Iran has triggered ripple effects in Nigeria’s fuel market, farmers lamenting rising labour and logistics costs as the farming season begins. Petrol prices have surged to between N1,050 and N1,300 per litre as of March 16, 2026, up from between N835 and N839, in January of the same year, representing a 56 percent increase making farmers say that this will significantly raise production costs. Farmers warn that the higher cost of transportation, irrigation, and labour could push up food prices, as increased production expenses a
The war in Iran has triggered ripple effects in Nigeria’s fuel market, farmers lamenting rising labour and logistics costs as the farming season begins. Petrol prices have surged to between N1,050 and N1,300 per litre as of March 16, 2026, up from between N835 and N839, in January of the same year, representing a 56 percent increase making farmers say that this will significantly raise production costs. Farmers warn that the higher cost of transportation, irrigation, and labour could push up food prices, as increased production expenses a