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
Nigeria, Benin Share Common Destiny, Deepen Strategic Partnership – Shettima
Nigeria, Benin Share Common Destiny, Deepen Strategic Partnership – Shettima
By: Zagazola Makama
Vice-President Kashim Shettima has reaffirmed Nigeria’s commitment to strengthening bilateral relations with the Republic of Benin, describing both countries as partners bound by a “common destiny” rooted in history, trade and regional security.
Shettima stated this on Sunday in Cotonou during the inauguration of Benin’s President Romuald Wadagni, where he represented President Bola Ahmed Tinubu.
The Vice-President said the Tinubu administration views the Nigeria–Benin relationship as strategic to regional integration and democratic stability in West Africa.
“Our presence here in Cotonou underlines President Tinubu’s unwavering, deep-seated commitment to strengthening ties with our neighbours,” he said.

Shettima noted that both countries share deep cultural, historical and economic ties that predate modern political boundaries, stressing that communities on both sides of the border remain closely connected.
“Our border with the Benin Republic stretches across nearly 600 kilometres, spanning six Nigerian states… We are essentially one people tied to a common destiny,” he added.
He said Nigeria and Benin must continue to work together to promote democratic governance, peace and economic prosperity within the ECOWAS sub-region.
“Because of this, we must show solidarity, empathy and active support toward strengthening democracy in West Africa,” he said.
The Vice-President disclosed that bilateral trade between both countries stands at about $2 billion annually, while an estimated five million Nigerians reside in Benin Republic.

He said both countries had strengthened cooperation in border security, trade facilitation, grassroots governance and ae development under regional integration frameworks.
Shettima recalled that Nigeria and Benin formalised a Memorandum of Understanding in August last year to enhance collaboration among border communities, local governments and traditional institutions in tackling cross-border crimes and boosting socio-economic development.
He said the arrangement had improved security coordination and commercial activities in border towns such as Seme, Igbokofi and Ilara, while enhancing opportunities for residents engaged in cross-border trade.

The Vice-President also referenced ongoing regional economic frameworks under the ECOWAS Trade Liberalisation Scheme and the Common External Tariff system, aimed at improving the business environment across member states.
He added that both countries continue to implement the ECOWAS protocol on free movement of persons, which allows citizens to stay within member states for up to 90 days without visa requirements.
According to him, these initiatives remain critical to strengthening regional integration and sustaining peace and prosperity in West Africa.
Nigeria, Benin Share Common Destiny, Deepen Strategic Partnership – Shettima
News
Troops Rescue INEC Official, Arrest Suspects After Election-Related Kidnapping Attempt in Cross River
Troops Rescue INEC Official, Arrest Suspects After Election-Related Kidnapping Attempt in Cross River
By: Zagazola Makama
Troops have rescued an official of the Independent National Electoral Commission (INEC) and arrested three suspects following a reported kidnapping and disruption of election-related activities in Yakurr Local Government Area of Cross River State.
Security sources disclosed that the incident occurred at about 11:15 p.m. on May 22 when two groups of suspected kidnappers stormed the venue of ADC primary elections at Wummy Hotel, Ekori community.
According to the sources, one of the groups abducted the INEC returning officer, forced him into a vehicle, and compelled him to transfer ₦70,000 before fleeing the scene.
The second group, operating on a motorcycle, reportedly carted away ballot boxes from the venue.
Following intelligence on the incident, troops in Yakurr Local Government Area laid an ambush on the fleeing suspects, successfully intercepting the vehicle and rescuing the kidnapped INEC official.
Three suspects were arrested during the operation, while one armed suspect reportedly escaped into nearby bush with a pistol, a mobile phone, ATM card, travelling bag and other election materials.
The rescued official, arrested suspects and recovered vehicle are currently in military custody for further investigation and action.
Security forces have intensified efforts to track down the fleeing suspects and recover the stolen electoral materials.
Troops Rescue INEC Official, Arrest Suspects After Election-Related Kidnapping Attempt in Cross River
News
Troops Raid Suspected Cultists’ Hideout, Arrest Three in Enugu State
Troops Raid Suspected Cultists’ Hideout, Arrest Three in Enugu State
By: Zagazola Makama
Troops of 103 Battalion, in collaboration with the Nigeria Police Force, have raided a suspected cultists’ hideout in Achi town, Oji River Local Government Area of Enugu State, arresting three suspects and recovering items believed to be linked to criminal activities.
Security sources disclosed that the operation was carried out at about 4:30 a.m. on May 23 following credible intelligence on the activities of suspected cultists and other criminal elements operating in the area.
According to the sources, the troops stormed a residential building suspected to be used as a hideout by the criminal group.
During the raid, three suspects were apprehended, while items recovered include eight motorcycles and two buckets of locally made gunpowder.
The suspects and recovered items were subsequently handed over to the Nigeria Police Force for further investigation and necessary action.
Security authorities have continued to intensify joint operations in Enugu State and surrounding areas to curb cult-related activities and other forms of violent crime.
Troops Raid Suspected Cultists’ Hideout, Arrest Three in Enugu State
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News1 year agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
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.
-
Politics12 months ago2027: Why Hon. Midala Balami Must Go, as Youths in Hawul and Asikira/Uba Federal Constituency Reject ₦500,000 as Sallah Gift
