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ActionAid Nigeria Demands Immediate Action on Fuel Price Increases, Calls for Economic Reform

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ActionAid Nigeria Demands Immediate Action on Fuel Price Increases, Calls for Economic Reform

By: Michael Mike

ActionAid Nigeria has condemned the latest hike in pump price of petroleum products, demanding immediate action from the government on economic reform

The Non Governmental Organisation said increasing the minimum wage from N30,000 to N70,000 was never enough to bring economic succour

ActionAid, in a statement on Wednesday signed by its Country Director, Andrew Mamedu asked that: “The Federal Government must prioritise the welfare of Nigerian Citizens over revenue generation and provide a comprehensive plan to protect vulnerable citizens and support small businesses within 48 hours. This plan must include measures to mitigate the impact of high fuel prices on the poor and vulnerable.”

Mamedu lamented that: “Since President Bola Ahmed Tinubu assumed office in May 2023, the removal of fuel subsidies has led to a harsh economic reality for many Nigerians. Despite efforts to recover, the Federal Government’s decision to allow fuel prices to surge again has worsened the situation, leading to a ripple effect on the economy.

“In May 2023, just before President Tinubu’s inauguration, petrol prices were already high at N185 per litre, causing widespread discontent among Nigerians due to the accompanying high cost of goods. However, on his first day in office, fuel prices skyrocketed to N500 per litre, leading to a sharp surge in the prices of essential commodities.

“Since then, fuel prices have continued to rise steadily. By August 2023, it reached N626.70 and continued to fluctuate, surmounting N668.3 in January 2024 and N770.54 in July 2024. As of September 2024, it has increased again to a staggering N897 per litre, which greatly worsens the situation for many Nigerians.”

He noted that: “Clearly, Nigeria’s fuel pricing is heavily influenced by the dollar-to-naira exchange rate due to the country’s reliance on imported fuel, which is denominated in US dollars (USD). Consequently, a depreciation of the naira against the dollar leads to higher fuel import costs, resulting in increased prices at the pump as well.

“This direct correlation between exchange rates and fuel prices makes Nigeria’s fuel pricing vulnerable to exchange rate fluctuations. Any changes in the dollar-to-naira rate will have a ripple effect on fuel import costs, ultimately impacting the prices consumers pay at the pump, and highlighting the need for a more stable exchange rate to mitigate the volatility in fuel pricing.”

He added that: “It is one thing to fix an impending problem of inflation in the economy, and it is another thing to provide temporary solutions to keep the mouths of Nigerians shut. Although the minimum wage has increased from N30,000 to N70,000, it fails to address the root causes of inflation and does little to alleviate the suffering of Nigerians, who continue to bear the brunt of skyrocketing commodity prices, particularly fuel costs. We need a comprehensive and sustainable solution, not just a quick fix to silence the masses.”

On the latest increase, Mamedu said: “ActionAid Nigeria strongly condemns this development, which will push millions of Nigerians deeper into poverty. We demand transparency in fuel pricing, including a clear breakdown of costs and revenues associated with fuel imports, refining, and distribution. The Federal Government must provide a detailed explanation of the fuel pricing mechanism to ensure accountability and trust.

“To address the root causes of this crisis, we also demand the establishment of an independent committee to monitor fuel pricing and ensure transparency. This committee must include representatives from civil society, the private sector, and government agencies. Additionally, the Federal Government must invest in Nigerian refineries and provide targeted support to vulnerable citizens and small businesses affected by fuel price increases.”

He said: “Concurrently, the Federal Government must implement a comprehensive economic reform plan as soon as possible, including measures to diversify the economy, increase foreign exchange earnings, and stabilize the naira. This plan should include specific targets and timelines for reducing inflation, improving foreign investment, and promoting local production. We demand transparency and regular progress updates to ensure accountability and build trust with the citizens.”

Mamedu warned that: “ActionAid Nigeria will hold the government accountable for their actions and demand a better future for all Nigerians. We will take all necessary actions to ensure that the government is held accountable to Nigerian citizens.”

ActionAid Nigeria Demands Immediate Action on Fuel Price Increases, Calls for Economic Reform

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Troops arrest suspected kidnapper in Damboa LGA of Borno

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Troops arrest suspected kidnapper in Damboa LGA of Borno

By: Zagazola Makama

Troops of Operation Hadin Kai have arrested a suspected kidnapper in Azir community, Damboa Local Government Area of Borno State.

Sources told Zagazola Malama that the suspect was apprehended at about 5:00 p.m. on March 28 by troops of 25 Brigade and 19 Battalion (Mechanised) deployed at a Forward Operating Base in Azir.

The source disclosed that the suspect was alleged to have been involved in kidnapping activities within the Damboa and Azir general areas.

“During preliminary investigation, the suspect claimed to be a cattle courier operating within Damboa and its environs,” the source said.

He added that one bicycle was recovered from the suspect at the point of arrest.

The suspect and the recovered item are currently in troops’ custody for further investigation and necessary action.

Troops arrest suspected kidnapper in Damboa LGA of Borno

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Troops arrest 58 illegal miners in Edo state

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Troops arrest 58 illegal miners in Edo state

By: Zagazola Makama

Troops of Operation MESA have arrested 58 suspected illegal miners at an illegal gold mining site in Ososo general area, Akoko-Edo Local Government Area of Edo State.

A security source disclosed that the suspects were apprehended at about 1:00 p.m. on March 28 during a fighting patrol conducted by troops of 195 Battalion (Rear).

According to the source, the troops stormed the mining site and arrested the suspects without resistance.

“The suspects are currently in troops’ custody for further action,” the source said.

He noted that the operation forms part of ongoing efforts to curb illegal mining activities and other criminal enterprises within Edo State and its environs.

Troops arrest 58 illegal miners in Edo state

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Army troops arrest two suspected Boko Haram logistics suppliers in borno

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Army troops arrest two suspected Boko Haram logistics suppliers in borno

By: Zagazola Makama

Troops of Operation Hadin Kai, in collaboration with operatives of the Joint Intelligence Fusion Centre (JIFC), have arrested two suspected logistics suppliers to Boko Haram terrorists in Gubio town, Borno State.

A military source disclosed that the suspects, identified as Mal Bunu Gojemi and Zanna Alhaji Mallam, were apprehended at about 11:30 a.m. on Saturday during a joint logistics strangulation operation conducted by troops in the area.

According to the source, the suspects confessed during preliminary interrogation to being long-time suppliers of logistics to the Boko Haram.

Items recovered from them include three mobile phones, a traditional cap, and the sum of N40,000.

“The suspects have since been handed over to operatives of the Joint Intelligence Fusion Centre for further investigation,” the source said.

He added that the operation was carried out without any incident.

The Nigerian Army and other security agencies have continued to intensify operations aimed at cutting off logistics supply chains to insurgents as part of ongoing counter-terrorism efforts in the North-East.

Army troops arrest two suspected Boko Haram logistics suppliers in borno

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