NLC seeks FG’s intervention as petrol price hits N1,300

[Little Princess]

That’s why right now, asset-light and energy-efficient businesses are far more attractive.

Telecoms and banks are good examplee, they don’t burn fuel to generate their core product.

Even within manufacturing, efficiency is king. Companies on reliable grid power or with renewable energy solutions are much better positioned to weather this environment without eroding profitability.

Exactly. That's spot on. Just that telecomms get affected by forex

 

[Little Princess]

Rising input and logistics costs hit SMEs hard—squeezing margins, slowing operations, and potentially leading to layoffs, with wider effects on the economy.

Yes sir

 

[Little Princess]

Exactly. In this kind of environment, efficiency isn’t just an advantage—it’s survival.

Asset-light, energy-efficient firms like telecoms and banks naturally hedge against rising fuel costs. And even in manufacturing, those with stable power (grid or renewables) protect margins better and stay competitive while others struggle.

Hmmmmm yes

 

[Little Princess]

At my location fuel is above #1300. The prices of goods has increased slightly and will keep increasing if it is not addressed.

Yes the fuel is definitely affecting price of goods

 

[Little Princess]

I hope unemployment numbers won't increase because of this.

Hmmmmm. This angle

 

[Benjamin E Housel]

Hmmmmm. This angle

You see it right?

 

[Benjamin E Housel]

Exactly. That's spot on. Just that telecomms get affected by forex

A lot of companies that deal internationally get affected by fx issues.

It's normal. Every company just have to work towards limiting the effects or occurrence.

 

[Benjamin E Housel]

Absolutely

Yeah

 

[Blessed Amara]

At ₦1300+ fuel, it’s no surprise prices are creeping up. Higher transport and production costs will keep pushing goods up if nothing changes—this is exactly why stable, cheaper power solutions are becoming so important.

exactly. things are not funny

 

[Benjamin E Housel]

exactly. things are not funny

Yeah... They aren’t.

 

[Vicole]

Well said, vicole.

Thanks, sir

 

[Vicole]

It shouldn't be a surprise, though.

Yes, Nigeria our country

 

[Vicole]

I hope unemployment numbers won't increase because of this.

There's a chance though

 

[Little Princess]

A lot of companies that deal internationally get affected by fx issues.

It's normal. Every company just have to work towards limiting the effects or occurrence.

You have said it all