News
ActionAid Nigeria Demands Immediate Action on Fuel Price Increases, Calls for Economic Reform
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
News
Propcom+, Welcome2Africa International target £5 million investments into Nigeria’s agricultural sector
Propcom+, Welcome2Africa International target £5 million investments into Nigeria’s agricultural sector
The UK Government, through its climate-smart agriculture programme, Propcom+ in collaboration with Welcome2Africa International, is spearheading a Strategic Agribusiness Deal Room designed to mobilise private capital into Nigeria’s agricultural value chains while supporting inclusive, market-led economic transformation.
This initiative underscores the UK’s commitment to strengthening agribusiness value chains, fostering sustainable partnerships, and driving inclusive economic growth across Nigeria.
Positioned as a high-impact investment marketplace, the Deal Room, which will be held from November 18 to 19, 2025, in Lagos, is expected to unlock over £5 million in potential investment and trade commitments, featuring more than 20 pre-vetted, investment-ready agribusinesses.
These enterprises operate across priority sectors, including grains, cassava and starch derivatives, livestock, bioethanol, food processing, mechanisation, agri-tech, and renewable energy, all demonstrating clear growth pathways, commercial traction, and scalability.
“The Deal Room represents a strategic opportunity to accelerate private investment into Nigeria’s agrifood sector and deepen the pipeline of climate-smart, inclusive enterprises,” Olumide Ojo, Propcom+’s Strategy Director, noted.
“By connecting high-potential SMEs with investors, we aim to drive capital mobilisation that strengthens market systems, improves resilience, and expands economic opportunities for farmers, women, and rural communities.”
Echoing the investment rationale, Welcome2Africa International CEO, Bamidele Seun Owoola, reinforced the platform’s role in facilitating cross-border capital flows.
“At Welcome2Africa International, our focus is to catalyse sustainable investment into Africa’s agrifood sector. Co-hosting the Deal Room with Propcom+ presents a unique opportunity to position Nigeria’s most promising agribusinesses before global investors. This platform is fundamentally about unlocking capital and forging long-term investment partnerships that deliver shared prosperity.”
The Deal Room forms part of Propcom+’s broader mandate to strengthen Nigeria’s agricultural markets, empower SMEs, and drive low-carbon, climate-smart growth. Following the event, Propcom+ will continue to support participating enterprises through technical assistance, investor engagement, due diligence, and transaction facilitation, advancing businesses toward investment closure.
Propcom+, Welcome2Africa International target £5 million investments into Nigeria’s agricultural sector
Military
COAS storms Kebbi , orders massive manhunt for abducted schoolgirls
COAS storms Kebbi , orders massive manhunt for abducted schoolgirls
By: Zagazola Makama
The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, on Monday stormed Kebbi State in a decisive show of force, directing troops of Operation FANSAN YANMA to leave no stone unturned in the ongoing search-and-rescue operation for students abducted from Government Girls Comprehensive Senior Secondary School (GGCSS) Maga in Danko/Wasagu Local Government Area.

The COAS, who arrived the state with a strong delegation of Principal Staff Officers from Army Headquarters, held an operational meeting with frontline commanders before addressing troops deployed in the search effort.
In a firm and emotionally charged message, Shaibu ordered the soldiers to intensify both day and night operations until all the abducted schoolgirls were safely rescued.
“You must continue day and night fighting. We must find these children,” he told the troops gathered at the forward operating location.
“For the commanders here, you must leverage intelligence to conduct intelligence-based missions. It has become a pattern that bandits target soft targets. If they know you are in a location, they will not come there or face you in a fight and you can defeat them, can’t you?”

Shaibu reminded officers and soldiers that a ruthless determination to succeed was essential.
“You must have all the commitment to make sure you succeed. Once you receive intelligence of something of this nature, you must act professionally and decisively. This is not just about our image; it is about doing our job properly,” he cautioned.

The Army Chief also held a separate engagement with local vigilantes and hunters supporting the operation. He emphasized the need for enhanced collaboration, describing them as indispensable partners due to their deep knowledge of the terrain.
“If we have people like you, it is you who will work with us and provide local intelligence. You know these forests and you are the ones to tell us where the criminals are,” he said.
“Your hunters should storm the nooks and crannies of these forests. Soldiers will also join you. We are counting on you to work with us to bring lasting peace. What these evil people are trying to do is to scare children from going to school. Let every man know we will not allow that.”
He commended the vigilantes for their courage and contributions, assuring them of the military’s full support.

Earlier, Lt.-Gen. Shaibu paid a sympathy visit to the Traditional Ruler of Danko, Alhaji Abubakar Ibrahim Allaje, and the Principal of the attacked school, Hajiya Rabi Musa Magaji.
During the visit, he assured the monarch and the school authorities of the military’s unwavering resolve to rescue the girls unharmed.
“We are fully committed. We will not relent. The safety of these children is a national priority, and we are deploying every resource to ensure they return home safely,” the COAS said.
In her remarks, Hajiya Rabi expressed gratitude for the Army Chief’s swift visit, saying it demonstrated the urgency with which the military and federal authorities were treating the incident.
“Your visit has given us hope. We believe that with this level of commitment, our girls will soon return,” she said.
The abduction at GGCSS Maga has triggered widespread concern across the country, prompting an intensified military response involving ground and air components under Operation FANSAN YANMA.

Security sources who spoke to Zagazola Makama said troops, supported by surveillance assets, have expanded search corridors across forested areas spanning Danko/Wasagu and adjoining boundaries.
The COAS and his entourage later proceeded to inspect additional deployment points before returning to the operational command centre for a review briefing.
COAS storms Kebbi , orders massive manhunt for abducted schoolgirls
News
Engr. Ramat and the Future of NERC: Separating Fact from Fiction
Engr. Ramat and the Future of NERC: Separating Fact from Fiction
by Ibrahim Sani Shawai
In recent days, several comments have circulated about the Nigerian Electricity Regulatory Commission (NERC) and the nomination of Engr. Abdullahi Ramat Garba as its incoming Chairman. Some statements paint an unnecessarily gloomy picture of the sector and an oddly shallow understanding of his qualifications. Both deserve clarification.
One of the recurring claims is that Engr. Ramat is simply a former local government chairman. That description is often thrown around as if it covers his entire professional identity. It does not. Long before his public service journey, he was a trained and certified engineer with years of hands-on technical and administrative experience. His profile blends engineering discipline, institutional management and a solid grasp of public accountability. Reducing all of this to one political role is inaccurate.
Some critics argue that NERC has endured two decades of weak leadership. Anyone who has seriously followed the sector knows this is not accurate. NERC guided Nigeria from a government-controlled electricity system to a privatized market. It established tariff structures, licensing frameworks, customer protection rules and compliance mechanisms still in use today. These reforms required competence, not weakness.
Modern electricity regulation relies heavily on technology, automation, real-time data, digital complaint systems and market intelligence tools. This is where Engr. Ramat has a clear advantage.
One of the most overlooked aspects of his profile is his strong proficiency in Information Technology. This directly supports the type of leadership required in today’s electricity market. His IT-driven approach includes real-time digital monitoring of grid operations, automated regulatory workflows, improved customer service platforms, cybersecurity protections, smart metering reforms and predictive tools for early intervention. These are the same tools used by leading global regulators.
Some insist that the next Chairman must come from within the Commission. But internal experience alone does not guarantee innovation. Many countries deliberately bring in external leadership to encourage new thinking.
His recent interview on TVC also highlighted his temperament. He calmly distanced himself from protests at the National Assembly and stressed the need for the Senate to carry out its responsibilities without interference. His conduct reflects maturity and respect for institutions.
The current leadership’s tenure expires on 1 December 2025. The Electricity Act does not provide room for an acting Chairman afterward. Nigeria cannot afford a vacuum at the top of its regulatory framework. Timely confirmation and effective transition planning are essential.
Rather than fixating on negative narratives, Nigeria should focus on strengthening NERC through better funding, technical training, transparent decision making and data-driven regulatory tools. Our electricity challenges built up over decades and cannot be solved instantly, but steady progress is possible with the right leadership.
His nomination offers a chance to modernize NERC, rebuild investor confidence and strengthen consumer protections. It reflects an effort to inject new ideas and technological depth into one of Nigeria’s most important institutions.
Engr. Abdullahi Ramat Garba brings a rare combination of engineering competence and digital vision. He deserves the opportunity to demonstrate it.
Shawai is a public affairs analyst and can be contacted via shawai2000@yahoo.com
Engr. Ramat and the Future of NERC: Separating Fact from Fiction
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
News7 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
