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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
Troops Foil ISWAP Attack Attempt in Guzamala
By: Zagazola Makama
Troops of Sector 3 Area of Responsibility have foiled an attempted attack by suspected ISWAP/JAS terrorists on Forward Operating Base (FOB) Mairari in Guzamala Local Government Area of Borno State.
Sources said the incident occurred at about 1329hrs on April 19, when the terrorists attempted to infiltrate the base through Charlie/Delta Company axis.
The attackers, operating with two gun trucks, were sighted advancing toward the entrance gate of Mairari town along the Gajiram axis.
Troops immediately engaged the advancing terrorists, forcing them to abandon their mission and retreat.
Following the encounter, troops dominated the general area with patrols, while air support was also deployed and hovered over the vicinity. However, no further terrorist presence was observed after the exchange.
Security sources said exploitation and clearance operations are ongoing to prevent regrouping and to secure surrounding communities.
Troops Foil ISWAP Attack Attempt in Guzamala
Troops Arrest Suspected Terror Logistics Couriers in Kogi State
By: Zagazola Makama
Troops under Operation MESA have arrested two suspected terrorist logistics couriers along the Obajana–Kabba road in Lokoja Local Government Area of Kogi State.
Sources said the operation was conducted at about 0010hrs on April 20, following credible intelligence report on the movement of suspected terrorist logistics couriers.
Troops of 12 Brigade mounted a snap checkpoint at RA Oshokoshoko and intercepted a vehicle conveying the suspects en route Obajana from Makurdi.
A search of the vehicle led to the recovery of a sack containing 314 rounds of 7.62mm special ammunition and three AK-47 magazines, concealed behind the driver’s seat.
Other items recovered include two mobile phones, a driver’s licence, a National Identification Number (NIN) slip, and an identity card.
The suspects and recovered items are currently in military custody for further investigation and action.
Troops Arrest Suspected Terror Logistics Couriers in Kogi State
News
Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa
Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa
By: Zagazola Makama
Security operatives in Nasarawa State have intercepted stolen livestock allegedly rustled by Berom militia from Bokkos in Plateau State and sold through illicit channels, leading to the arrest of a suspect who claimed to have purchased the animals from a paramount ruler.
Police sources said the breakthrough followed credible intelligence received by the State Criminal Investigation Department (SCID) in Lafia on April 19 regarding suspicious cattle being traded at the Lafia cattle market.
Acting on the tip-off, detectives swiftly mobilised to the market and arrested one Alhaji Ziya-U Inusa, a resident of Dengi in Plateau State, who was found in possession of eleven cows suspected to have been stolen.
During interrogation, the suspect reportedly confessed that he purchased twelve cows from a paramount ruler in Plateau State (name withheld) but transported only eleven due to limited vehicle capacity.
Further investigation led to the emergence of one Abdullahi Adamu from Bokkos Local Government Area of Plateau State, who identified himself as the rightful owner of the recovered livestock.
Adamu explained that the cows were part of a larger herd of 57 cattle rustled in May 2025 by armed youths in Bokkos, adding that all previous efforts to recover the animals had been unsuccessful until the latest operation.
Security sources confirmed that the recovered cattle have been secured, while investigations are ongoing to unravel the network involved in the rustling and illicit sale of the livestock, including the alleged role of intermediaries and buyers.
The incident adds to a growing pattern of attacks against the livelihoods of pastoralist communities in Barkin Ladi, Bokkos, Mangu, and other parts of Plateau State.
Zagazola has consistently reported how Berom militia have engaged in livestock theft. In most cases, the victims (Fulani herders) are killed and buried in shallow graves, while in some instances, troops or police intercept the criminals and recover the stolen livestock.
The latest such incident occurred on April 16, when troops under Operation Enduring Peace responded to a rustling incident in Mangu Local Government Area, where suspected criminals fled before security forces arrived.
Similarly, on April 15, troops under Operation Enduring Peace (OPEP) recovered 48 rustled cattle in Yelwa village, Heipang District of Barkin Ladi Local Government Area of Plateau State. Sources said the recovery followed a distress call received at about 0635 hours reporting the rustling of cattle belonging to a resident of the community.
In another operation on April 13, troops foiled an attempted cattle rustling in Bassa Local Government Area, recovering 92 cattle after pursuing suspected youths who abandoned the animals while fleeing.
Zagazola reports that such incidents are among the main triggers of the cycle of reprisal attacks, further escalating tensions in affected communities.
Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa
Troops Foil ISWAP Attack Attempt in Guzamala
Troops Arrest Suspected Terror Logistics Couriers in Kogi State
Three Killed in Barkin Ladi Amid Rising Tensions Over Livestock Poisoning in Plateau
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