Connect with us

News

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Cuba, Colombia React as US Confirms Military Strikes on Venezuela

Published

on

Cuba, Colombia React as US Confirms Military Strikes on Venezuela

By: Michael Mike

Cuba and Colombia have issued statements following reports of US military strikes on Venezuela, after multiple explosions were recorded in the capital, Caracas, early Saturday.

Residents reported loud blasts across several parts of the city, alongside sightings of warplanes, helicopters and what appeared to be unmanned aerial vehicles operating overhead. Venezuela’s government described the incident as a “serious military aggression,” alleging that US forces targeted both civilian and military sites in Caracas and in the surrounding states of Miranda, Aragua and La Guaira.

US President Donald Trump later confirmed that American forces carried out the operation, announcing that Venezuelan President Nicolás Maduro and his wife had been captured and flown out of the country.

In a strongly worded response, Cuban President Miguel Díaz-Canel condemned the action, calling on the international community to respond urgently. He described the strike as a criminal act that violated regional peace, accusing Washington of state terrorism against Venezuela and Latin America as a whole.

“Our zone of peace is under brutal assault,” Díaz-Canel said, expressing solidarity with the Venezuelan people.

Colombian President Gustavo Petro took a more measured approach, stating that his government was closely monitoring developments. He expressed concern over the reported explosions and increased aerial activity, warning against further escalation.

“The Colombian government rejects any unilateral military action that could worsen the crisis or endanger civilians,” Petro said.

Former Bolivian President Evo Morales also condemned the strikes, describing them as an imperialist attack that violated Venezuela’s sovereignty. He pledged solidarity with the Venezuelan people, insisting the country was not facing the situation alone.

The developments unfold against the backdrop of longstanding tensions between Washington and Caracas. The Trump administration has repeatedly accused Venezuela’s leadership of involvement in large-scale drug trafficking, claims the Maduro government has dismissed as justification for foreign intervention and regime change.

Cuba, Colombia React as US Confirms Military Strikes on Venezuela

Continue Reading

News

Seven killed in Qua’an-Pan as attackers target fellow Christian villagers in Plateau

Published

on

Seven killed in Qua’an-Pan as attackers target fellow Christian villagers in Plateau

By: Zagazola Makama

At least seven persons were killed late Friday night in Bong village, Doemak District, Qua’an-Pan Local Government Area of Plateau State, in an attack reportedly carried out against fellow Christians residents by criminals operating within the community.

Eyewitnesses said the attackers stormed the community late at night while residents were asleep in an attempt to rustled their livestock.

A native of the area, Mr Lawrence Dogari, said that many villagers were injured in the attack, while some persons were still missing.

“For now, I can confirm that over seven persons have been killed, while several others were injured. Some people are still unaccounted for,” Dogari said.

Confirming the incident, Mr Danaan Cletus Sylvanus, Director of Press and Publicity to the Executive Chairman of Qua’an-Pan Local Government Council, Mr Christopher Audu Manship, said the exact number of casualties was still being verified.

He said the council chairman had condemned the attack and was working closely with security agencies to ensure that the perpetrators were arrested and brought to justice.

“The chairman is deeply saddened by the attack on innocent persons and is collaborating with security operatives to ensure the culprits are brought to book,” Sylvanus said.

Meanwhile, sources at the Plateau State Police Command said the incident was linked to a cattle-rustling attempt carried out by criminal elements operating within the area.

According to a police sources, at about 4:20 a.m. on Jan. 2, unknown armed men invaded Bong/Kook village in Qua’an-Pan LGA and rustled some cows. It said that operatives of the police, military, NSCDC and vigilante groups were mobilised to the area following a distress call.

The sources said that two of the assailants were killed in a bid escape, but later abandoned the rustled cows and fled.

“The rustled cows have been recovered, while the corpses of the deceased were deposited at the Cottage Hospital morgue in Kwalla for autopsy,” the police sources said, adding that additional security deployment had been made to the area.

Notably, preliminary accounts from the community and security sources indicate that the attack was not carried out by Fulani bandits, nor did the rustled livestock belong to Fulani pastoralists, pointing to the indications that the attackers were members of the local community.

Seven killed in Qua’an-Pan as attackers target fellow Christian villagers in Plateau

Continue Reading

News

AT KASHIM IBRAHIM UNIVERSITY CONVOCATION CEREMONY IN MAIDUGURI

Published

on

AT KASHIM IBRAHIM UNIVERSITY CONVOCATION CEREMONY IN MAIDUGURI

No Investment In Education Is A Gamble, Says VP Shettima

…As varsity installs Ooni of Ife as Chancellor

By: Our Reporter

Vice President Kashim Shettima has observed that there is no investment in education that is a gamble, saying the the education sector remains a deliberate commitment to securing a better future for Nigeria.

He described education as the most powerful tool for development, economic empowerment, and societal liberation.

Speaking on Saturday during the combined convocation ceremonies of Kashim Ibrahim University in Borno State, where a total of 2,294 students graduated across three academic sessions (2022/2023, 2023/2024 and 2024/2025), the Vice President said, “No investment in education is ever a gamble. It is a conscious plan for a better, more secure future.”

He urged the graduating students to see themselves as ambassadors of integrity, service, and excellence, noting that their conduct would define the reputation of the institution.

“Wherever life takes you, you carry the name and values of Kashim Ibrahim University. You must shun ethical shortcuts and moral compromise,” he stated.

The Vice President pointed out that Borno State and its government understand the consequences of neglecting education, having endured years of disruption caused by insurgency.

“Borno has paid a heavy price for the years education was disrupted. Yet, the people chose resilience over despair and learning over loss,” he said.

Describing the graduands as pioneers of the university, VP Shettima reminded them that history has placed a special responsibility on their shoulders.

“You are the first torchbearers of this institution. History will judge this university by what you become and how you conduct yourselves,” he added.

He commended the academic and administrative leadership of the institution, including its pioneer Vice-Chancellor, current management, lecturers, and staff, for laying what he termed “a solid foundation for learning in the heart of the North-East.”

The VP praised Borno State Governor, Prof. Babagana Umara Zulum, describing him as “a leader whose vision turned an idea into an enduring institution.”

“This convocation is proof that true leadership measures power by the number of lives it enlightens,” he maintained, just as he applauded the university’s Pro-Chancellor and Chairman of the Governing Council, Alhaji Muhammadu Indimi, for his commitment to the state, even at the height of the Boko Haram insurgency.

“Alhaji Indimi’s wealth has consistently been deployed for the good of society, especially when Borno needed it most,” he added.

Senator Shettima further acknowledged the role of traditional institutions, particularly the Shehu of Borno, even as acknowledged the solidarity shown by North-East governors during the darkest days of insurgency in the region.

In a symbolic gesture, the Vice President announced the donation of two electric vehicles to support the university’s shuttle services, saying “these vehicles are a modest contribution to ease mobility within the campus and support the learning environment”.

Earlier, Governor Zulum of Borno State announced automatic employment for 81 best graduating students of the university, and immediate postgraduate sponsorships within and outside Nigeria.

“Excellence must be rewarded. These young men and women have earned the confidence of the Borno State Government,” Zulum said.

He urged the graduates to step into the world as worthy ambassadors of the institution and agents of development.

The Chancellor of the university, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi II, pledged to work towards the accelerated growth of the institution.

“I accept this responsibility with humility and commitment. I will work tirelessly to advance the development of Kashim Ibrahim University,” the monarch said.

He thanked the Vice President for initiating the establishment of the university and Governor Zulum for finding him worthy of the appointment.

The Vice-Chancellor, Prof. Babagana Gutti, disclosed that the university’s ultra-modern teaching hospital, nearing completion, would be the largest and most equipped in the country.

“When completed, our teaching hospital will stand as a national reference point for medical training and service delivery,” he said.

Prof. Gutti added that the institution, established during Shettima’s tenure as Governor of Borno State, has been ranked the fastest-growing university in Nigeria, noting that over 50 physical projects were completed by the state government.

Highlights of the convocation included the installation of the Ooni of Ife as Chancellor of the university and the conferment of honorary Doctor of Letters degrees on him and international businessman, Alhaji Muhammadu Indimi.

Best graduating students were also awarded MSc and PhD scholarships by Vice President Shettima.

AT KASHIM IBRAHIM UNIVERSITY CONVOCATION CEREMONY IN MAIDUGURI

Continue Reading

Trending

Verified by MonsterInsights