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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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Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

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Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

By: Zagazola Makama

Troops of the Nigerian Army have recorded major breakthroughs in ongoing offensive operations against armed criminal networks in Plateau State, neutralising two notorious terrorist leaders, critically wounding another and recovering six AK-47 rifles previously seized from security forces.

The latest developments followed sustained military offensives at Dajin Madam in Wase Local Government Area of Plateau State on November 8, 2026.

Security sources disclosed that HUMINT reports received at about 8:53 a.m. on November 9 indicated that the intensity of the military operation had resulted in the neutralisation of two suspected terrorist leaders identified as Haruna Balatoni and Black.

Another notorious figure, identified as Dogo Mai Kunkuru, was reportedly shot in the chest and left in a critical condition, with sources indicating that his chances of survival were slim.

In a significant development on November 10, the sustained military pressure reportedly compelled the terrorist network, through an intermediary identified as Ali-Kwara, to return six AK-47 rifles previously seized from security forces.

The recovered weapons are currently in military custody.
In a related operation, troops of 173 Battalion deployed at Mansur rescued a kidnapped mother and her daughter and recovered 39 cattle.

The developments represent a significant disruption of the criminal network’s leadership, weapons stockpile and capacity to sustain operations in the Wase axis.
The recovery of the six rifles is particularly important as it restores weapons previously lost to the criminal network and provides an opportunity for further intelligence exploitation.

The latest successes underscore the impact of sustained offensive pressure, intelligence-driven operations and military presence in dismantling armed groups operating across Plateau State.

The reported deaths of the terrorist leaders and the condition of Dogo Mai Kunkuru are based on preliminary HUMINT assessments and remain subject to independent military confirmation

Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

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Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

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Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

By: Zagazola Makama

Troops of the Nigerian Army’s 114 Battalion (Reinforcement) have dislodged suspected terrorists from their hideouts during a fighting patrol in Karim Lamido Local Government Area of Taraba State.

The operation, conducted under Operation WHIRL STROKE (OPWS), commenced at about 7:30 a.m. on November 8, 2026, with troops advancing towards Komodoro village, where they made contact with suspected terrorists.

Security sources said the criminals fled upon sighting the advancing troops, prompting the patrol team to extend its operation to Mashigin Kirya village within the same local government area.

At Mashigin Kirya, the troops encountered suspected terrorists believed to have been hibernating in the general area and engaged them, forcing the armed elements to retreat.
The troops subsequently recovered five motorcycles suspected to have been used by the criminal group for mobility and logistics.

To further disrupt the fleeing terrorists, the troops conducted a fire mission using an 81mm mortar along their withdrawal route.
The operation was ongoing as troops sustained pressure on suspected criminal hideouts and movement corridors in the area.

The development point to the military’s determination to deny armed groups safe havens and restrict their freedom of movement across Taraba State.

Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

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Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

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Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

By: Zagazola Makama

Troops of the Nigerian Army, in collaboration with the Nigeria Police and Department of State Services (DSS), have launched an investigation into an attack on Fulani herdsmen in Obelagu Umuamba community, Ezeagu Local Government Area of Enugu State, which left two herders and 16 cattle dead.

The incident came to light at about 11:00 a.m. on November 10, 2026, when a joint patrol team comprising troops of the 82 Division Garrison and 103 Battalion (Reinforcement), alongside police and DSS operatives, visited the community to assess the cause and extent of damage from the recent attack by suspected hoodlums.

On arrival, the security team discovered that two Fulani herdsmen and 16 cows had been killed, while two other persons sustained injuries.

Following the discovery, the troops convened a joint peace and security meeting involving community leaders, representatives of the Fulani herders, neighbourhood watch groups and other key stakeholders.

During the meeting, security officials cautioned all parties against taking the law into their hands, warning that reprisals could escalate tensions and further threaten peaceful coexistence.

The troops subsequently recovered the corpses and handed them over to the police for further investigation.

Meanwhile, security agencies have commenced efforts to identify and apprehend those responsible for the attack, including suspected local collaborators.

The intervention is aimed at preventing retaliatory violence, restoring confidence among residents and ensuring that those responsible are brought to justice.

Authorities have urged both farming and herding communities to remain calm, cooperate with security agencies and pursue grievances through lawful channels.

Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

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