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    Home»Latest News»Cost of living crisis reshapes Eid spending in Nigeria | Business and Economy News
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    Cost of living crisis reshapes Eid spending in Nigeria | Business and Economy News

    The Daily FuseBy The Daily FuseMay 26, 2026No Comments4 Mins Read
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    Cost of living crisis reshapes Eid spending in Nigeria | Business and Economy News
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    Abuja, Nigeria – Seated on a plastic chair inside his modest madrassa in Abuja, Yunus Akanji listened as youngsters recited verses from the holy Quran in smooth, rhythmic tones. Some sat on mats, others on lengthy wood benches.

    The Islamic instructor sometimes corrected a pronunciation or repeated a line, however his consideration drifted.

    For years, Akanji, who teaches on the Nurul Bayan Islamic College, travelled along with his spouse and kids to Saki in Oyo State to reunite along with his prolonged household for Eid al-Adha, usually known as Sallah in Nigeria.

    When he didn’t make the journey, he would purchase a ram for Eid and host a modest celebration along with his household and college students.

    This yr, neither is going on.

    Yunus Akanji, an Islamic tutor at Nurul Bayan Islamic College, guides his college students throughout recitation of the Quran [Hussain Wahab/Al Jazeera]

    “I’ve concluded that we’ll simply have fun with no matter we now have,” he instructed Al Jazeera.

    The annual Muslim competition, marked by communal prayers and the ritual sacrifice of animals, is approaching amid deep financial pressure in Nigeria.

    In Abuja, rising meals and transport prices are quietly altering what number of households are making ready for Eid.

    No journey house

    Akanji stated even mother and father and neighborhood members who often assist his madrassa are struggling.

    “Most of them haven’t even paid,” he stated, referring to tuition charges that assist maintain the college and his family working.

    The stress will not be confined to the classroom. It exhibits up in bus stations, in markets, and within the small calculations folks make earlier than deciding whether or not to journey or keep.

    Nafisa Ibrahim from Ogun, presently in Abuja doing a compulsory one-year programme for graduates beneath the Nationwide Youth Service Corps, stated she has dropped her plan to go house for Eid. Transport prices alone made it unimaginable.

    There’s additionally no assure her household will even have the ability to slaughter an animal this yr.

    “Transportation is about 35,000 naira [about $26], in comparison with the 15,000 naira [about $11] I paid after I got here to Abuja in February,” she stated.

    Opeyemi Ibrahim, a designer based mostly in Byazhin district, stated buyer patronage has dropped sharply regardless of the approaching festivities.

    Opeyemi in his shop working
    Opeyemi Ibrahim at his trend store in Byazhin, the place he says enterprise has slowed [Hussain Wahab/Al Jazeera]

    He stated rising gas prices and erratic electrical energy provide have pushed up his working bills.

    “When there isn’t a electrical energy, we now have to run the generator,” he stated. “Filling it prices about 10,000 naira [$7].

    However with out it, the store turns into too sizzling, and we nonetheless want energy to iron prospects’ garments.”

    Inside Kubwa livestock market

    At a livestock market in Kubwa, visited by Al Jazeera forward of Eid, the pressure is clear earlier than anybody even speaks. Males stand beside rams tied to wood posts. Consumers transfer from one animal to a different, ask a couple of questions, then drift away.

    Malam Ibrahim, a livestock vendor who has been within the commerce for years, sat close to the feed, watching most of his prospects depart empty-handed.

    “Individuals come, ask for costs, and stroll away,” he stated.

    Mallam Ibrahim, a livestockseller exhausted the kubwa market lieng on the animals' feeds due to lack of customers
    Malam Ibrahim, a livestock vendor at Kubwa market, rests throughout a sluggish gross sales day [Hussain Wahab/Al Jazeera]

    He pointed to a ram close by, with black-and-white markings on its physique.

    “This ram is promoting for 600,000 naira [about $438],” he stated. “Final yr, the identical dimension was under 350,000 naira  [$255].”

    Getting animals down from northern Nigeria, Sokoto, Kaduna and past, has turn into costlier. Gasoline costs, transport fares, all the things feeds into the ultimate price.

    “Even the sellers are struggling,” Ibrahim stated. If gross sales keep sluggish, he worries the animals will stay unsold after Eid, when their worth drops additional. “We don’t pray to take them again house, however with the appears of issues, I worry so,” he stated.

    Eid cutbacks

    One girl who had come to purchase two rams left with just one.

    Buhari Yishau, a fruit seller at Kubwa village market
    Buhari Yishau, a fruit vendor, works at Kubwa village market, the place gross sales have slowed forward of Eid [Hussain Wahab/Al Jazeera]

    Inflation has been regular in Nigeria for years now, however what folks really feel most is the hole between rising costs and stagnant incomes. The naira could look extra secure in opposition to the US greenback than final yr, merchants say, however shifting items throughout the nation nonetheless prices extra each month.

    At Kubwa village market, consumers stored shifting, however few stopped to purchase.

    Distributors promoting tomatoes, onions, rice and cooking oil stated gross sales have been slower than ordinary, with many households reducing again even on fundamental festive meals.

    “We used to have fun Eid with pleasure,” one dealer stated quietly. “Now we simply calculate what we are able to afford.”



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