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FUEL SUBSIDY AND PRICE CONTROL- SOLUTION TO ECONOMIC HARDSHIP IN NIGERIA
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
News
Bego shares Buni’s achievements as journalists take a tour in Yobe
Bego shares Buni’s achievements as journalists take a tour in Yobe
By: Yahaya Wakili
Yobe State in Northeastern Nigeria is one of the states that suffered from the Boko Haram insurgency, but with the support and effort of the security agencies, things are improving a lot.
However, one of the effects of the insurgency was to destroy the local community; the people have suffered, their lives and their livelihoods were destroyed, and many have lost their loved ones.
The State Commissioner of the Ministry of Home Affairs, Information, and Culture, Hon. Abdullahi Bego, disclosed this to a team of journalists who embarked on a media tour organized by the Yobe State government across the state. The tour started with the Kannama modern market, the headquarters of the Yunusari local government area.0

Bego further said that. His Excellency Governor Mai Mala Buni thought that there is a need to rebuild communities to reinvigorate economic activities to ensure that people can go back to their farms and their markets to ensure that they can rebuild their lives.
“Governor Buni is providing a lot of support in terms of agriculture inputs, equipment, and fertilizer, among others, adding that when people finish from their farms, they will come to their market. That is why Governor Buni decided to establish such markets so that we have control where people can transact business.” He said.
Also briefing the journalists, the commissioner of Housing and Rural Development, Architect Ahmed Buba, said since the coming of Governor Buni on board, he has constructed 9 markets and completed five ultramodern markets across the state; these include 4 modern markets that were also constructed in Yunusari, Ngalda, Machina, and Buni Yadi.
He said Yunusari, a befitting market, comprises 96 shops, 146 open stalls, and 46 stalls, where there are houses, meat shops, an administration block, a police station, a fire service station, and a banking hall, and it will boost cross-border regional trade.
The team of journalists also visited the Machina modern market, the Gashu’a-Masaba road, and the 30-kilometer Bulanguwa-Kummagana road, and the Director of Civil Engineering, Alhaji Garba Umar, said the 30-kilometer Bulanguwa-Kummagana road will be completed in the next 10 days, inshallah.
Alhaji Garba Umar revealed that a contractor has completed clearance of one hundred percent of the space and literate base, and now the execution of asphalt for about 20 kilometers is only remaining 10 kilometers.
Malam Madu Ibrahim Yunusari has commended Governor Mai Mala Buni for constructing them a befitting modern market; these, he said, will boost their businesses as well as cross-border regional trade markets with their neighboring countries.
Bego shares Buni’s achievements as journalists take a tour in Yobe
News
Police neutralise two bandits, recover arms in Kaduna
Police neutralise two bandits, recover arms in Kaduna
By: Zagazola Makama
The Police Command in Kaduna State has neutralised two suspected armed bandits and recovered arms and ammunition during a security operation in Giwalga area of Bayan Kogi District.
Sources said the operation followed credible intelligence that a bandit syndicate, allegedly led by one Kachalla Sanusi Bajira, had mobilised its members to attack Idissu Village after the community failed to meet an imposed levy.
According to the sources, operatives of the Anti-Kidnapping Unit, in collaboration with local vigilantes from Idissu Village, were deployed to the area to forestall the attack.
The police said that upon sighting the operatives, the bandits laid an ambush and engaged the security team in a gun duel.
However, the combined team reportedly overpowered the bandits with superior firepower, leading to the neutralisation of two suspects, while others fled into surrounding bushes.
Two AK-47 rifles and five rounds of live ammunition were recovered from the scene during the operation.
The police said the surrounding areas had been cordoned off, while concerted efforts were ongoing to track down and arrest the fleeing suspects.
Investigation into the incident has commenced, the command added, as it reaffirmed its commitment to sustaining the fight against banditry and other criminal activities across the state,”said the sources.
End
News
Advocacy Group Demands Proof of NBMA Chief’s Eligibility
Advocacy Group Demands Proof of NBMA Chief’s Eligibility
By: Michael Mike
A civil society organisation, Citizens Advocacy for Social and Economic Rights (CASER), has formally requested access to the academic and professional records of Bello Bwari, director-general of the National Biosafety Management Agency (NBMA), raising questions about his eligibility to occupy the position.
The request was submitted under the Freedom of Information (FOI) Act to the Federal Ministry of Environment.
CASER said the move was prompted by concerns that the current head of the biosafety agency may not meet the qualifications required by law.
According to the group, the NBMA Act provides that the director-general of the agency must possess at least a master’s degree in biological sciences or a related field, while noting that Bwari is widely known to be a legal practitioner, a background the organisation argues may be inconsistent with the statutory requirements for the role.
In the FOI application, CASER called on the Minister of Environment, Balarabe Lawal, to confirm the director-general’s credentials and make the information available to the public. The organisation stressed that transparency in appointments is essential for maintaining confidence in regulatory institutions.
CASER further warned that failure to clarify the issue could weaken public trust in agencies responsible for biosafety, environmental protection, and biotechnology oversight.
The group added that the matter goes beyond one appointment and reflects broader concerns about compliance with enabling laws in public offices.
Founder of CASER and a human rights lawyer,!Frank Tietie, criticised what he described as the lack of response from professionals in the scientific community. In a recent opinion article, he argued that leadership of a biosafety agency without strong scientific grounding could undermine effective regulation.
Tietie said adherence to the law must be non-negotiable, warning that overlooking statutory provisions risks eroding accountability and institutional integrity.
End
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