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FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA

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FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA

By: Victor Emejuiwe

No sane government should watch its citizens suffer untold hardship and live in poverty. The primary responsibility of government is to protect the life’s and to secure the welfare of the people. President Ahmed Bola Tinubu spontaneously announced the removal of fuel subsidy on the day of its inauguration without considering the attendant consequences of such a decision. In fairness to the removal, the amount of money claimed to be payment of subsidy in Nigeria was quite humongous from N300 billion during the Good Luck Jonathan administration in 2012, to N2.7 trillion in 2022. However, beyond the doubt as to the authenticity of the real value paid on subsidy, the secrecy and corruption associated with the entire subsidy regime was very un-palatable. It was as a result of this, that many Nigerians canvassed for the removal of subsidy. Nevertheless, there are some other school of thought who believes that the government was not sincere on its own part due to the lack of transparency and accountability in petrol consumption and subsidy payment. Also, even where several reports indicting subsidy saboteurs were released, the federal government did nothing to investigate and prosecute those who were accused of corruptly enriching themselves from the subsidy payments. Therefore, the payment of subsidy on its own was not the problem but the willingness of government to come clean with its transaction on subsidy payment and muster the political will to pervert corruption amongst the stakeholders was the major problem. The view on re-introduction of subsidy becomes necessary given the fact that payment of subsidy is a common global practice by governments all over the world. It is taken to ameliorate hardship faced by majority of citizens in the purchase of very expensive commodities. In this case, Nigeria being a mono-economy driven by sales of crude oil, has made the price of every other commodities reflective in the rise or fall in the price of crude oil. The subsidy regime cushioned a lot of hardship amongst Nigerian in the past and with its removal today, Nigerians have not been able to recover from the effect, as we can witness the continuous increase in the prices of all commodities in Nigeria. Most workers do not report to work on a daily basis, some business closed shops and the general standard of living has reduced. Couple with this fact, is government inactiveness in controlling the hike in the prices of locally produced commodities. The lack of a price stabilization and mechanization control which was hitherto implemented in the 70’s have made it possible for middle men to determine the prices of commodities in the market. The practice of the middle men is to acquire these goods from the dealers and hoard them so as to create scarcity and speculate a market price before they sell, with wide profit margin. If government enforce the price control Act as ordered recently by the federal high court on goods and commodities that are locally produced in Nigeria, the hoarders and speculators would run out of business and food items and other commodities would be available at the normal rate. The lack of a price control mechanism is what led to the failure of most government policies on agriculture. It is so unfortunate that the past government of President Muhammed Buhari, made efforts to encourage local production of food commodities such as rice and even provided subsidies to farmers to embark on local rice production, but instead of having the price of rice reduced, it rather led to more than 200 percent increase in the price of rice. Rice which was sold for N9600 before the ban on imported rice, skyrocket to N19,800, at a point, it rose to N36,000 and the government could not do anything to stop the hike. Under this present administration, a bag of rice sells for N77,000. It is an anomaly for government to provide incentives to local producers of commodities and at the same time, do not have control of the market price.
In light of the above, in the interim, the Federal Government should re-introduce subsidy on petrol and diesel under a more transparent regime and deal with saboteurs who divert the products to other countries and in the long run, the Federal government should get our refineries working at optimum capacity so that any attempt to remove subsidy on petrol and diesel will not have much impact on the price on petrol. Also, a list of commodities and items produced locally should be established and the market price should be determined under a price control, stabilization and mechanization regime. The government should enforce the laws and policy on price control. Finally, for resource mobilization, the government should stop oil theft so that more resources can be generated from crude oil and this would help us pay for the subsidy on petrol and also pay for the functionality of our refineries.

*Victor Emejuiwe
Monitoring and Evaluation/Strategic Communication Manager
Centre for Social Justice.
Abuja
08068262366

FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA

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International Police Academy – UNIPOL Appoints Joseph Icha, as Director International Counter Narcotics Training Nigeria Section

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International Police Academy – UNIPOL Appoints Joseph Icha, as Director International Counter Narcotics Training Nigeria Section

By: Bodunrin Kayode

The international Police Academy (UNIPOL) has Appointed Deputy Commander General (DCG) Joseph Icha,
Director Training and Manpower Development, National Drug Law Enforcement Agency (NDLEA) as Director International Counter Narcotics Training Nigeria Section.

A statement from the academy’s management stated that “the academy proudly announces the appointment of
DCG Joseph Icha, Director Training and Manpower Development, NDLEA as Director International Counter Narcotics Training Nigeria Section.

“This appointment recognizes
DCG Joseph Icha, Director Training and Manpower Development, NDLEA. exceptional contributions to national security, law enforcement leadership, and international cooperation.”

Icha has served the Agency in various Senior Management capacities as Principal Staff Officer, Assistant State Commander, Assistant Director, State Commander, and Deputy Director among others, with commendations.

The new international counter narcotics boss has attended several law enforcement courses on Drug Supply Suppression and Drug Demand Reduction within and outside the country.

“He is a Master Trainer with the United Nations Office of Drug and Crime (UNODC) in Drug Law Enforcement intelligence led investigation strategies and Criminal Intelligence. ” said the statement.

Joseph Icha has facilitated training programmes on behalf of UNODC to various law enforcement agencies in the country.

DCG Joseph Icha is a Law Enforcement Operative, mentor, curriculum designer, and advisor per excellence.

He is also a member of several international professional Organizations and currently is the Director Training and Manpower Development of NDLEA.

This important appointment was pronounced under the leadership of Dr. Alexander Jan M (Hany El Zahar), Executive Director, Founder, and CEO of the International Police Academy – UNIPOL, and IPA President (Rtd.) Senior Superintendent of Police Shuaib Adam HSC OLY VJ, International Director of Law Enforcement, Police, and Military, with the support of Prof. Yuval Binstoc (IPA) and Sir Junustia Brecen.

International Police Academy – UNIPOL Appoints Joseph Icha, as Director International Counter Narcotics Training Nigeria Section

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Plateau State Complied with the deadline for 2024 Audited financial Reports…. Manset

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Plateau State Complied with the deadline for 2024 Audited financial Reports…. Manset

By: Bodunrin Kayode

Plateau State Accountant General Naanret Manset has said that it was not true that Plateau state has refused to comply with the deadline given to states for the submission of 2024 audited financial statements.

Reacting to a report published recently, the accountant general in a statement noted that “the attention of the Office of the Accountant-General of Plateau State has been drawn to a publication by the Foundation for Investigative Journalism (FIJ) titled ‘It’s Past Deadline, 5 States Fail to Publish 2024 Financial Statements’, which wrongly lists Plateau State as one of the defaulters.”

Naanret Manset maintained that “For the record, Plateau State fully complied with all statutory timelines for the preparation, audit, and publication of its 2024 audited financial statements

“Submitted same to the Auditor-General in May, 2025 which is within the stipulated period of 6 months.

“Audit completed in June, 2025 and forwarded to the House of Assembly which is also within the stipulated period of 3 months.

“Approved by the House of Assembly
Published online on 27 July 2025, below the legal timeline of 9 months.
The audited report is publicly available here:

“We urge FIJ to promptly correct their publication and remove Plateau State from the list of non-compliant states.
Plateau State remains committed to transparency, accountability, and timely financial reporting.” It noted.

The FIJ had recently published that six Nigerian states are yet to publish their audited financial statements for the 2024 fiscal year.

It revealed that five of such erring states have already past their statutorily implied deadlines which Plateau is saying is not true as it applies to them.

The publication had said that ” erring states are Akwa Ibom, Kaduna, Ogun, Oyo, Plateau and Rivers.

“In Akwa Ibom’s case, its amended 2021 audit law gives the auditor general up to nine months to publish the report online after submitting it to the House of Assembly.

“The Accountant General has six months to present the books, followed by a 90-day audit and submission period.

” In the other five states, audit laws differ in the year they were enacted or updated, but the process is similar.

“The Accountant General must submit the financial documents to the audit office within three months after the financial year ends.

” The Auditor General is then required to audit the report, send it to the House of Assembly and publish it immediately.

“The Ogun State Audit Law (2021), Rivers State Audit Law (2021, as amended), Akwa Ibom State Audit Law (2021), Oyo State Audit Commission Law (2021) and Plateau State Audit Law (2021) all set out these requirements.

” In Rivers, however, publishing the audit is left to the discretion of the Auditor General.

“In past years, these states have published their audits between June and August. Some have also been ranked among the lowest in transparency.

” The CJID Openness Index, released in July 2024, placed all six in the bottom tier along with 10 others.”

Recently, FIJ reported Akwa Ibom’s repeated disregard for budgetary transparency despite binding provisions in its Fiscal Responsibility Law.

The FIJ report maintained that two states Yobe and Ekiti, scored above average for transparency and accountability in 2024, with 73 per cent and 54 per cent, according to the Sub national Audit Efficacy Index, published by the Paradigm Leadership Initiative.

The report noted that the annual assessment, which measures financial transparency and policy adoption across Nigeria’s state governments, shows a familiar trend: “stagnation or decline.”

Plateau State Complied with the deadline for 2024 Audited financial Reports…. Manset

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Prof. Ribah clarifies stance on dialogue, says he does not support ransom or levies to bandits

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Prof. Ribah clarifies stance on dialogue, says he does not support ransom or levies to bandits

…cautions against misrepresentation of position on dialogue with bandits…

By: Zagazola Makama

Prof. Abubakar Usman Ribah, a peace advocate and member of the Peace Committee, has cautioned social media users against misrepresenting his views on dialogue with bandits as a strategy for sustaining peace in the troubled North West Zone.

Ribah, in a video made available to newsmen on Wednesday, said his comments on dialogue had been twisted and circulated on Facebook, TikTok and X (formerly Twitter), in ways that fuel misunderstanding and hostility.

He urged users to “fear God and stop changing the narrative to suit their own views,” stressing that selective quoting of his remarks was misleading and unfair.

“Social media users should fear God and stop changing the narrative that goes contrary to our own views. You are quoting a segment that suits your narratives, leaving out the rest, and continue to circulate it. That is misrepresentation,” Ribah said.

He explained that his position on dialogue was not in support of paying levies or ransoms to bandits but in favour of a government-led engagement that addresses the root causes of the conflict.

“We believe that fighting with guns only prolongs crises. For 10 years, it has not yielded results, and that is why we wanted to end it through dialogue.

“And the dialogue we are seeking is not the one where villagers go on their own to negotiate with bandits, pay levies in order to farm, or pay ransom to release family members. That type of dialogue is not sustainable. It is betrayal.

“The dialogue we support is the one led by government, where authorities can solve the pressing issues between farmers and herders, and address the needs and demands of all conflicting parties,” he said.

Ribah clarified that his advocacy for dialogue predated the current administration and had been consistent for more than seven years.

“This did not start with this government. I have been engaging in dialogue for over seven years. You can go through my pages. War cannot end war, but dialogue will, if both conflicting parties agree. This is what we are talking about,” he said.

The peace advocate dismissed allegations that he and other members of the Peace Committee were shielding or supporting bandits.

“Some are accusing us of supporting bandits, some are accusing us of giving them protection. But how can we protect bandits that are killing people? No way. What we want is to stop the bloodshed, where everyone will be allowed to go about his normal life,” he stressed.

Ribah further accused some social media commentators of being “conflict entrepreneurs,” whom he said benefitted from circulating negative reports of attacks.

“Some people benefit from telling negative stories of attacks. They are conflict entrepreneurs. We want them to focus on telling positive stories instead of dwelling on negativity,” he added.

The North West Zone, particularly Zamfara, Sokoto, and Katsina States, has for years been plagued by banditry, mass killings, abductions, and forced displacement, with government and stakeholders divided over the most effective approach to peacebuilding.

Prof. Ribah clarifies stance on dialogue, says he does not support ransom or levies to bandits

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