tThe implementation of Tinubu’s economic policies has taken a harsh toll on Nigeria’s economy, with the price of commercial tricycles, popularly known as Keke, skyrocketing to unprecedented heights.
A comparative analysis of the prices of Keke from 2012 to the present day reveals a staggering increase, highlighting the devastating impact of the current economic climate on the nation’s transportation sector.
Historical Price Comparison
2012: The price of a Keke was approximately N250,000 to N350,000.
2015: The price rose to around N400,000 to N500,000
2018: The cost of a Keke increased to N800,000 to N1 million.
2022: The price skyrocketed to N2.5 million to N3 million.
(2025): The price of a Keke has reached an all-time high of N3.5 million, with the hire purchase option now costing a staggering N6 million.
This drastic increase in costs has severe implications for the nation’s transportation sector, affecting not only the livelihoods of Keke operators but also the general public who rely on this affordable mode of transportation. The escalating costs of acquiring and maintaining these vehicles threaten to exacerbate poverty, unemployment, and inequality in Nigeria.
