Commodity Prices in Lagos Island Likely to Spike As a Result of 3rd Mainland Bridge Closure


Friday, July 24, 2020 / 10:10 AM / FDC / Header Image Credit: FDC Ltd


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Nigeria's longest bridge 11.8km long is to be closed for a 6-month period for maintenance

This is likely to substantially disrupt business and economic activities.

The attendant impact on consumer price inflation and productivity in the Lagos metropolis will be astronomical.

Commodity prices in the Lagos Island area are likely to spike.

In the slides below the Head of FDC Think Tank dissects the immediate and remote consequences of this bridge closure on domestic commodities in Lagos.

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