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FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA

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FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA

By: Victor Emejuiwe

No sane government should watch its citizens suffer untold hardship and live in poverty. The primary responsibility of government is to protect the life’s and to secure the welfare of the people. President Ahmed Bola Tinubu spontaneously announced the removal of fuel subsidy on the day of its inauguration without considering the attendant consequences of such a decision. In fairness to the removal, the amount of money claimed to be payment of subsidy in Nigeria was quite humongous from N300 billion during the Good Luck Jonathan administration in 2012, to N2.7 trillion in 2022. However, beyond the doubt as to the authenticity of the real value paid on subsidy, the secrecy and corruption associated with the entire subsidy regime was very un-palatable. It was as a result of this, that many Nigerians canvassed for the removal of subsidy. Nevertheless, there are some other school of thought who believes that the government was not sincere on its own part due to the lack of transparency and accountability in petrol consumption and subsidy payment. Also, even where several reports indicting subsidy saboteurs were released, the federal government did nothing to investigate and prosecute those who were accused of corruptly enriching themselves from the subsidy payments. Therefore, the payment of subsidy on its own was not the problem but the willingness of government to come clean with its transaction on subsidy payment and muster the political will to pervert corruption amongst the stakeholders was the major problem. The view on re-introduction of subsidy becomes necessary given the fact that payment of subsidy is a common global practice by governments all over the world. It is taken to ameliorate hardship faced by majority of citizens in the purchase of very expensive commodities. In this case, Nigeria being a mono-economy driven by sales of crude oil, has made the price of every other commodities reflective in the rise or fall in the price of crude oil. The subsidy regime cushioned a lot of hardship amongst Nigerian in the past and with its removal today, Nigerians have not been able to recover from the effect, as we can witness the continuous increase in the prices of all commodities in Nigeria. Most workers do not report to work on a daily basis, some business closed shops and the general standard of living has reduced. Couple with this fact, is government inactiveness in controlling the hike in the prices of locally produced commodities. The lack of a price stabilization and mechanization control which was hitherto implemented in the 70’s have made it possible for middle men to determine the prices of commodities in the market. The practice of the middle men is to acquire these goods from the dealers and hoard them so as to create scarcity and speculate a market price before they sell, with wide profit margin. If government enforce the price control Act as ordered recently by the federal high court on goods and commodities that are locally produced in Nigeria, the hoarders and speculators would run out of business and food items and other commodities would be available at the normal rate. The lack of a price control mechanism is what led to the failure of most government policies on agriculture. It is so unfortunate that the past government of President Muhammed Buhari, made efforts to encourage local production of food commodities such as rice and even provided subsidies to farmers to embark on local rice production, but instead of having the price of rice reduced, it rather led to more than 200 percent increase in the price of rice. Rice which was sold for N9600 before the ban on imported rice, skyrocket to N19,800, at a point, it rose to N36,000 and the government could not do anything to stop the hike. Under this present administration, a bag of rice sells for N77,000. It is an anomaly for government to provide incentives to local producers of commodities and at the same time, do not have control of the market price.
In light of the above, in the interim, the Federal Government should re-introduce subsidy on petrol and diesel under a more transparent regime and deal with saboteurs who divert the products to other countries and in the long run, the Federal government should get our refineries working at optimum capacity so that any attempt to remove subsidy on petrol and diesel will not have much impact on the price on petrol. Also, a list of commodities and items produced locally should be established and the market price should be determined under a price control, stabilization and mechanization regime. The government should enforce the laws and policy on price control. Finally, for resource mobilization, the government should stop oil theft so that more resources can be generated from crude oil and this would help us pay for the subsidy on petrol and also pay for the functionality of our refineries.

*Victor Emejuiwe
Monitoring and Evaluation/Strategic Communication Manager
Centre for Social Justice.
Abuja
08068262366

FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA

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Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries

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Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries

By: Michael Mike

Nigeria and China have intensified efforts to strengthen bilateral cooperation in tourism, culture, and the creative economy, with both countries identifying the sectors as major drivers of economic growth, cultural diplomacy, and people-to-people relations.

This commitment was reaffirmed at the weekend during the 2026 China Tourism Day celebration hosted by the China Cultural Centre in Nigeria (CCIN) in Abuja, where government officials, diplomats, tourism stakeholders, artists, and cultural enthusiasts gathered to celebrate the growing partnership between the two nations.

Speaking at the event, Yang Jianxing said tourism remains one of the most effective instruments for fostering mutual understanding and strengthening ties among nations.

He explained that the theme of this year’s celebration, “Enjoying Quality Tourism, Exploring Beautiful Landscapes,” reflects the increasing global importance of tourism as a platform for intercultural dialogue and peaceful coexistence.

According to him, both China and Nigeria possess rich historical civilizations, diverse cultural identities, and globally recognised tourism assets capable of deepening cooperation between their peoples.

Yang cited iconic destinations including the Great Wall of China and Mount Tai, alongside Nigeria’s Osun-Osogbo Sacred Grove and Zuma Rock, describing them as enduring cultural symbols that continue to connect civilizations across continents.

He noted that several joint cultural initiatives organised over the years by both countries, including the Happy Chinese New Year programmes and China-Nigeria Cultural and Tourism Festivals, had expanded cultural exchanges through artistic performances, traditional exhibitions, and culinary experiences.

“These activities have not only strengthened friendship between our peoples but have also promoted the spirit of harmony, mutual respect, and cultural inclusiveness,” he said.

Yang further disclosed that China was prepared to deepen collaboration with Nigeria under the framework of the China-Africa Year of People-to-People Exchanges, with fresh opportunities expected in heritage preservation, tourism promotion, cultural innovation, and the creative industries.

He encouraged more Nigerians to explore educational and tourism opportunities in China while expressing optimism that more Chinese visitors would also discover Nigeria’s rich cultural heritage, artistic diversity, and tourism potential.

Also addressing participants, Abdulkarim Ibrahim described the event as another milestone in the long-standing diplomatic and cultural relationship between Nigeria and China, which he said has continued to flourish for more than five decades.

Nigeria, China Seek Expanded Cooperation in Tourism, Heritage, Creative Industries

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Zulum Lauds Peaceful Conduct of APC House of Reps Primaries in Borno

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Zulum Lauds Peaceful Conduct of APC House of Reps Primaries in Borno

By: Michael Mike

Governor of Borno State, Babagana Umara Zulum, has commended the peaceful and orderly conduct of the All Progressives Congress primary election for the House of Representatives across the state.

Zulum gave the commendation on Saturday shortly after supervising the APC primary election for the Gubio, Kaga and Magumeri Federal Constituency held in Magumeri town.

Hundreds of party supporters from the three local government areas gathered at the venue to welcome the governor and APC officials overseeing the exercise.

Speaking with journalists after the primary, Zulum said the process was conducted in line with the Electoral Act 2026 and the constitution of the APC, which allows aspirants to adopt consensus arrangements.

“We are here to witness the primary election in line with the Electoral Act 2026 and the APC constitution, which allows for consensus arrangements among aspirants,” the governor stated.

He explained that although three aspirants initially indicated interest in contesting for the party’s House of Representatives ticket, two later withdrew in support of the incumbent lawmaker, Hon. Usman Zannah.

“We have three contestants vying for the position of the House of Representatives, but fortunately, under the consensus arrangement as enshrined in the constitution of our party, the All Progressives Congress (APC), two of the aspirants stepped down for the incumbent member, Hon. Usman Zannah,” he said.

According to the governor, party members and stakeholders from the constituency affirmed their support for the consensus candidate during the exercise.

Zulum congratulated Hon. Zannah on his emergence and praised the aspirants who stepped down — Hon. Shettima Shehu and Alhaji Mohammed Sanda Ngamdu — describing their action as a demonstration of unity, sacrifice and political maturity.

“I want to extend my congratulations to the candidate and the others who stepped down for him,” he said. “I also want to express my appreciation to all APC supporters and the people of Borno State for ensuring a peaceful voting process.”

The governor stressed that the consensus arrangement adopted by the party was voluntary and not designed to deny any aspirant the opportunity to contest.

“Under the consensus arrangement, the government of Borno State and the party have never taken a decision to stop anybody from contesting,” he explained. “Consensus is a voluntary option, and anybody who does not wish to go for a consensus election has the right to participate in a direct primary.”

Chairman of the APC Primary Elections Committee for Gubio, Kaga and Magumeri Federal Constituency, Hon. Yuguda Saleh Vungas, also confirmed that party stakeholders agreed on consensus as the mode of primary election.

He commended Governor Zulum for creating an enabling environment for the smooth and peaceful conduct of the exercise.

Through a voice vote, APC members from the three local government areas unanimously affirmed Hon. Usman Zannah as the party’s consensus candidate for the House of Representatives seat.

Officials of the Independent National Electoral Commission and APC national headquarters monitored the exercise.

Governor Zulum was accompanied by the APC consensus gubernatorial candidate, Engr. Mustapha Gubio, Secretary to the State Government Bukar Tijani, and Acting Chief of Staff, Dr. Babagana Mustapha Mallumbe.

Zulum Lauds Peaceful Conduct of APC House of Reps Primaries in Borno

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U.S., Nigerian Forces Eliminate ISIS Second-in-Command in Joint Operation

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U.S., Nigerian Forces Eliminate ISIS Second-in-Command in Joint Operation

By: Zagazola Makama

The United States has announced the elimination of Abu-Bilal al-Minuki, described as the second-in-command of the global Islamic State terrorist network, during a joint counterterrorism operation conducted with Nigerian security forces.

In a statement issued on Friday, Donald Trump said American forces, working alongside the Nigerian Armed Forces, carried out what he described as a “meticulously planned and very complex mission” targeting the terrorist leader.

According to Trump, Abu-Bilal al-Minuki had been operating from Africa and was considered one of the most active terrorist figures globally.

“Tonight, at my direction, brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield,” Trump said.

He stated that the operation was enabled through intelligence sources that tracked the activities and movements of the ISIS commander.

Trump added that the removal of al-Minuki would significantly weaken the global operations of the terrorist group and reduce its capability to coordinate attacks, including plots targeting American interests.

He also thanked the Nigerian government for its cooperation and partnership in the operation.

“With his removal, ISIS’s global operation is greatly diminished. Thank you to the Government of Nigeria for your partnership on this operation,” he said.

Neither the U.S. nor Nigerian authorities immediately disclosed the exact location or operational details surrounding the mission.

The development marks one of the most significant counterterrorism operations involving U.S. and Nigerian forces in recent years against transnational terrorist elements linked to the Islamic State network.

U.S., Nigerian Forces Eliminate ISIS Second-in-Command in Joint Operation

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