The December 2025 holiday season triggered significant price volatility across Nigeria’s consumer economy, affecting essential goods and services nationwide. The period was characterized by sharp cost increases in transportation, hospitality, food services, and social events driven by festive demand, supply constraints, and regional market dynamics.
Price movements varied dramatically by location and sector. While commercial hubs like Lagos and Rivers maintained relative stability through competitive pressure, smaller states experienced severe spikes. Flight prices doubled nationally, standard hotel rates surged nearly 30%, and event costs jumped 30% as Nigerians traveled and gathered for celebrations. The prevalence of these inflationary pressures differed widely across the 36 states and FCT, influenced by local supply chains, market competition, and population density.
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234 Intel has put out this report after extensive research tracking price movements across all 36 states and the Federal Capital Territory between November 2025 and January 2026. Click on the download button to Download the complete report in PDF Format.
