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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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Council Durbar inaugurated to revive cultural heritage—Committee Secretary

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Council Durbar inaugurated to revive cultural heritage—Committee Secretary

By: Yahaya Wakili

The Bade emirate council durbar committee was inaugurated three years ago by His Royal Highness, the Mai of Bade, Alhaji Abubakar Umar Suleiman, with sole responsibility to revive and improve the cultural heritage of the emirate.

The secretary of the committee, Alhaji Sale Garba Suleiman, disclosed this to newsmen in Gashua, the headquarters of the emirate. He said, By reviving our cultural heritage, our younger generation will grow up with their own culture.

He revealed that the committee will solicit advice and cooperation from the Yobe State Art and Culture Board to improve and boost our cultural heritage and also advise other emirates to emulate what the Bade Emirate Council is doing.

Sale maintained that his royal father was the first person who put his contribution into the committee account; therefore, he appealed to all sons and Bade emirate lovers to contribute generously to this committee.

The Secretary thanks and deeply appreciates the leadership of His Royal Highness, the Mai of Bade, Alhaji Abubakar Umar Suleiman, for his dedication to preserving the rich cultural heritage of Bade.

He also commended the effort of Hon. Yau Usman Dachia, Deputy Speaker of the Yobe House of Assembly, for his support, encouragement, and contribution to rendering this committee able to execute its function successfully.

Council Durbar inaugurated to revive cultural heritage—Committee Secretary

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CLARIFICATION: No New Terrorist Group in Kwara, Mahmouda is a Boko Haram Commander Collaborating with Bandits

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CLARIFICATION: No New Terrorist Group in Kwara, Mahmouda is a Boko Haram Commander Collaborating with Bandits

By: Zagazola Makama

Contrary to recent reports circulating on social and traditional media suggesting the emergence of a new terrorist organization in Kwara State, security sources have clarified that no new group has been formed. The figure at the center of these reports, Mahmouda, is not a name of a new terrorist group, but rather a known Boko Haram commander.

Mahmouda is a veteran Boko Haram fighter who initially operated in Borno State before relocating to Kaduna, where he briefly collaborated with the notorious terror kingpin, Sadiku. He later moved into the Shiroro and Rafi axis of Niger State, where he aligned with the remnants of Darul Salam, recruiting dozens of youths and enforcing extremist laws particularly on Fulani herdsmen.

Security intelligence confirms that Mahmouda has since moved some of his fighters further southwest into the forests bordering Kwara State, where he has established ties with local bandit groups. These elements are not a new organization but are extensions of Boko Haram collaborating with bandits already operating in the North West.

This clarification comes in the wake of past denials from security agencies. When intelligence analyst Zagazola Makama previously raised the alarm about the movement of terrorists toward Kwara, the Police issued a rebuttal, describing the report as fear-mongering.

However, with recent attacks and the presence of insurgent elements now being confirmed in parts of Kwara, observers are questioning the responsiveness and preparedness of authorities.

“What will the Police say now that the very thing they denied has begun to happen?” a senior security source queried.

Authorities are now being urged to act swiftly and decisively to prevent Mahmouda and his collaborators from entrenching themselves in the North Central corridor. Analysts warn that failing to address this threat early could result in Kwara becoming another flashpoint in Nigeria’s protracted insurgency.

Security agencies have been advised to increase intelligence operations, deploy special forces, and establish a proactive counter-insurgency presence in border forests between Niger and Kwara states to neutralize the threat before it escalates.

CLARIFICATION: No New Terrorist Group in Kwara, Mahmouda is a Boko Haram Commander Collaborating with Bandits

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FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS

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FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS

By: Zagazola Makama

The government of Burkina Faso has announced the foiling of an attempted coup allegedly involving President Ibrahim Traoré’s Chief of Staff and a network of foreign and local actors, in what authorities describe as a sophisticated plot to assassinate the junta leader and destabilize the Sahel nation.

The accused high-ranking official, whose name has not been officially disclosed, was arrested after reportedly confessing to accepting a bribe of 25 billion CFA francs (approx. $41 million USD) and an arms shipment allegedly facilitated through Côte d’Ivoire with French involvement.

The plot, uncovered through a military-led internal investigation, was said to be in the advanced planning stages. The confession reportedly links foreign powers to the destabilization attempt, with security sources accusing France Burkina Faso’s former colonial ruler of channeling weapons through Ivorian President Alassane Ouattara’s network. The French and Ivorian governments have not responded to the allegations as of the time of filing this report.

“This is a grave betrayal of national sovereignty,” the Ministry of Security said in a statement. “The Burkinabé people remain resolute and united behind President Ibrahim Traoré, whose leadership continues to command overwhelming support in our fight against insecurity and external manipulation.”

The revelation has triggered increased security in Ouagadougou and its environs, with checkpoints erected across key routes and military deployments strengthened at sensitive installations. The government says nine individuals, including foreign nationals, have so far been arrested in connection to the attempted coup.

Since assuming power in 2022, Captain Ibrahim Traoré has charted a new course in Burkina Faso’s foreign relations, distancing from Western powers particularly France and deepening strategic and military ties with Russia and fellow juntas in Mali and Niger under the Alliance of Sahel States (AES).

This realignment has heightened tensions in West Africa, with regional power blocs increasingly split between pro-Western governments and military-led regimes advocating self-determination and reduced foreign interference. Security experts suggest that Traoré’s pivot and strong anti-colonial rhetoric may have provoked foreign interests seeking to retain influence in the mineral-rich nation.

However, Zagazola could not independently verify the claims of external funding or logistical support to the coup plotters.

Burkina Faso has faced growing insecurity with large portions of its territory under the control of jihadist groups linked to al-Qaeda and the Islamic State. Multiple coups, the most recent in 2022, have reflected the country’s fragile political climate and rising frustration over government inaction. Traoré’s administration has pursued aggressive counter-insurgency campaigns and citizen mobilization, gaining popularity among some segments of the population but also drawing criticism for limited democratic oversight.

Zagazola Makama is a Counter Insurgency Expert and Security Analyst in the Lake Chad Region

FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS

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