“Keke is Now N2.6 Million”- Man Laments High Price Amid Dollar Scarcity

A guy was shocked when he went to a Keke store and was told that it now costs N2.6 million to buy one.

He expressed sadness that tricycles are now out of reach for several Nigerians.

In a TikTok video shared by @unclenasco, the guy stated that he had gone to the business to act as a guarantor for someone who wanted to buy on hire-purchase.

He stated that he declined to be the surety when he learned of the vehicle’s pricing since he was unsure whether the rider could afford it.

He wrote: “Keke is now sold for 2.6 Million Nigerian Naira and 1 dollar is now 1,800 Naira. Things are getting worse every hour of the day. Is this how we are going to continue?”

The man blamed the increased cost of Keke on dollar scarcity and Nigeria’s current FX crisis.

Reactions to the high price of Keke

@Narsty1120 said: “I bought keke in 2022 for 1.2m”

@Ken said: “I bought this same Keke for the purpose of a higher purchase in 2020 at the cost price of 630k.”

@Genuis_Starseed saod: “Last two weeks cement Was 5,800; today 11,500. Having a dollar then and selling it now will give you the same purchase power.”

@Agbawo said: “Wetin dey keke way we no fit manufacture for Nigeria? It is time for us to move to manufacturing.”