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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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Crime

Gunmen kill eight in Nasarawa village attack

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Gunmen kill eight in Nasarawa village attack

By: Zagazola Makama

At least eight persons have been confirmed dead following an armed attack on Nindama village in Kokona Local Government Area of Nasarawa State.

Sources said that the attack occurred in the early hours of Oct. 10.

The sources said that unknown gunmen invaded the village around 3:30 a.m., shooting sporadically and killing eight residents.

“Two other persons sustained critical injuries and are currently receiving treatment, while six others are still missing,” the sources said.

He said that at about 3:30 p.m., a combined team of security agencies including army, police, Department of State Services (DSS), Nigeria Security and Civil Defence Corps (NSCDC), and the Vigilante Group of Nigeria (VGN) visited the scene along with the Executive Chairman of Kokona LGA, Hon. Agbawu M. Agbawu.

According to the sources, the corpses have been evacuated to the mortuary, while efforts are ongoing to locate the missing persons and apprehend the attackers.

Preliminary investigation, sources said, indicated that the attack may have been connected to a lingering land dispute in the area.

The security forces assured residents of intensified security patrols and urged anyone with useful information to assist the ongoing investigation.

Gunmen kill eight in Nasarawa village attack

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Bandit abduct road construction worker in Katsina as security forces intensify search and rescue

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Bandit abduct road construction worker in Katsina as security forces intensify search and rescue

By: Zagazola Makama

A search-and-rescue operation has been launched to secure the release of a road construction worker abducted by gunmen in Charanchi Local Government Area of Katsina State.

Zagazola learnt that the incident occurred at about 7:14 p.m. on Thursday along the Kunduru–Kadanya feeder road, when unknown assailants reportedly laid an ambush and kidnapped one Kabiru Bature, a 35-year-old driver attached to Stantech Road Construction Company.

The sources said that security forces were immediately mobilised to the area, blocked all potential escape routes, and initiated a cordon-and-search operation aimed at rescuing the victim and apprehending the perpetrators.

The troops have been deployed to track the movements of the kidnappers, believed to have fled into the surrounding forest.

Efforts were ongoing as of the time of filing this report to rescue the victim safely and bring the abductors to justice.

Bandit abduct road construction worker in Katsina as security forces intensify search and rescue

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Troops repel Boko Haram attack in Konduga

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Troops repel Boko Haram attack in Konduga

By: Zagazola Makama

The Troops of Operation HADIN KAI , in collaboration with police tactical teams and local hunters, have repelled a Boko Haram/ISWAP attack on Goni Dinari village in Konduga Local Government Area of Borno State.

Sources said the attack occurred at about 5:56 a.m. on Friday when suspected Boko Haram terrorists invaded the village and set some houses ablaze.

The troops immediately alerted, leading to a swift joint response by troops, police tactical teams, the Civilian Joint Task Force (CJTF), and local hunters.

“The attack was successfully repelled and normalcy has since been restored to the area,”sources said.

Troops had deployed to the village for confidence-building patrols, while monitoring and surveillance operations continued.

Troops repel Boko Haram attack in Konduga

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