News
Water prices surge in Taraba amid prolonged power outage
Water vendors and sachet water dealers in Taraba State are experiencing a surge in business due to an extended period of power outages lasting over a week.
For the past ten days, Taraba State has been engulfed in darkness following the alleged vandalism of electricity cables belonging to the Yola Electricity Distribution Company (YEDC).
These circumstances have not only led to an increase in prices of essential goods but have also transformed the water business into a profitable venture throughout the state, now treating water as an economic commodity.
As of the latest update, the price of a sachet of water has risen from N20.00 to N40.00 due to the removal of fuel subsidies.
Both manufacturers and sellers attribute this increase to the power outage, which has also impacted fuel pump prices.
While fuel is now being sold at N820 per liter at various filling stations in Taraba, the black market prices have soared to N1000 and above per liter.
The ongoing power outage has exacerbated the situation, with water vendors charging N750 and above for a truckload containing ten gallons of twenty liters.
Some vendors blame the power outage for the significant price hike, making it difficult to pump water from its source.
At sachet water factories across the state, production has declined due to the persistent power outage.
Manufacturers fear that if the situation is not promptly addressed, they may have to downsize their workforce due to reduced daily output.
A pack of twenty sachets of water, previously sold at N270, is now priced at N300 due to the power outage, with the possibility of further price hikes to N350 on the horizon.
One water vendor, Usman Abbba, expressed that the price increase is not their desired course of action.
- News3 weeks ago
Development of Kwara Smart City Continues as Government Acquires 20,065 Hectares
- Business3 weeks ago
Expert Predicts Naira’s Strengthening Will Impact Inflation in Coming Months
- Politics3 weeks ago
Alleged Suspension of Ganduje Raises Concerns Among APC Members
- Business3 weeks ago
Despite Naira Appreciation, Prices Surge in Nigeria
- Politics3 weeks ago
The Open Government Partnership Committee is established in Kogi
- Business4 weeks ago
Nigeria Faces 40.01% Surge in Food Inflation in March, According to NBS
- News3 weeks ago
The Importance of Mentorship for Women Entrepreneurs
- Politics3 weeks ago
Condolences from Former APGA Governorship Candidate, Odoh for Ogbonnaya Onu