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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
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Jos DisCo offers Gombe Staff free medical care, drugs
Jos DisCo offers Gombe Staff free medical care, drugs
The management of Jos Electricity Distribution Company (JEDC) has conducted a free medical examinations as well as distributed free drugs to its staff in Gombe State Office, as part of its health advocacy to improve wellbeing of its employees and boost productivity.
As part of JEDC’s health initiative, a fitness walk was also organised on Saturday for all employees in Gombe State.
A fitness coach, Jauro Dauda, who led the walk urged officials of JED to prioritise regular exercise as part of efforts to maintain good health and boost productivity.
The exercise began at the company’s state headquarters, from where officials trekked to Pantami Stadium.
At the stadium, staff members participated in various physical exercises before returning to the office premises for medical examinations.
Speaking to participants, Dauda emphasised the need for a healthy lifestyle through eating nutritious foods and regular exercise.
“For you to function well, you need to keep your body fit. So I advise each and every one of you to create time at home. You can take your wife on a walk.
“The content of what we eat today can cause a lot of health issues like hypertension and diabetes. Knowing your health status is very important; knowing it is good to living long,” he said.
Also speaking, the Gombe State Operating Officer of JEDC, Rilwan Shehu, expressed satisfaction with the turnout and encouraged staff to sustain the culture of exercise beyond organised events.
“We are happy that we can exercise not only in the stadium; you can exercise at home,” Shehu said.
He added that the company operates an inclusive system that promotes unity among staff.
“We in JEDC operate an open-door policy; there is no junior or senior cadre. We do things together and we win together,” he said.
Jos DisCo offers Gombe Staff free medical care, drugs
News
Customs officer killed in gun attack after cannabis seizure in Ogun
Customs officer killed in gun attack after cannabis seizure in Ogun
By: Zagazola Makama
A senior officer of the Nigeria Customs Service (NCS), ASC Akinyode Mustapha, has been shot dead by unknown gunmen following the interception of a vehicle loaded with cannabis in Imeko area of Ogun State.
Sources told Zagazola Makama that a team of officers from the NCS Federal Operations Unit (FOU) Zone A, Ikeja, led by DSC Ogundana Oluwademi, had on Feb. 2, at about 11:40 p.m., intercepted a Sienna bus loaded with suspected cannabis at Oke-Agbede via Imeko.
The driver of the vehicle, however, escaped on foot.
“While the team was returning to Lagos with the seized exhibit vehicle, they came under gunfire by unknown assailants at the Immigration checkpoint, Idofa, Imeko,” the sources said.
The sources added that a bullet struck ASC Akinyode Mustapha, aged 50, during the attack.
He was immediately rushed to the General Hospital, Ilaro, where he was later confirmed dead by the medical doctor on duty.
Upon receipt of the report on Feb. 4 at about 3:30 p.m., security forces stormed the scene. No expended ammunition or cartridge was recovered at the location, and photographs of the scene were taken.
The team leader reportedly released the corpse to the deceased’s family for burial, while the seized exhibit vehicle had earlier been taken to the NCS base in Lagos.
The sources said preliminary investigation was ongoing to verify the claims and unravel the circumstances surrounding the attack.
Further developments will be communicated, the command said.
Customs officer killed in gun attack after cannabis seizure in Ogun
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VP Shettima Leads FG Delegation To Condole With Victims Of Kwara Attack
VP Shettima Leads FG Delegation To Condole With Victims Of Kwara Attack
***Assures all hands are on deck to restore peace, tranquility to Kaiama
***Says President Tinubu has directed NEMA to mobilise resources to support distressed communities
By: Our Reporter
The Vice President, Senator Kashim Shettima, has reaffirmed the determination of President Bola Ahmed Tinubu to ensure that peace and tranquillity are restored in Nuku and Woro villages in Kaiama Local Government Area of Kwara State in the aftermath of Tuesday’s attacks on the communities by terrorists.
He assured the people of the communities that while the President had ordered the deployment of a battalion of the Nigerian Army to Kaiama, all hands were already on deck to rid the affected communities and the entire state of insecurity.

Senator Shettima gave the assurance on Saturday when he led a Federal Government delegation to commiserate with the people of Kaiama Local Government and the Governor of Kwara State, Mallam AbdulRahman AbdulRazaq, over the deadly terrorist attack that claimed several lives.
The Vice President disclosed that President Tinubu has instructed the National Emergency Management Agency (NEMA) to mobilise all resources, in partnership with the Kwara State Emergency Management Agency, to provide succour and support to the distress communities.

“Your Excellency, we are here at the behest of President Bola Ahmed Tinubu to commiserates with you and the good people of Kaiama and Kwara State, by extension, over the tragedy that befell our communities of Woro and Nuku on the evening of Tuesday, February 3, 2026.
“That tragic killings had shocked Nigerians because the victims were peaceful members of the communities that were dedicated to building peaceful livelihood, while they practice their religion in the peaceful and harmonious manner that the injunctions of Islam has instructed,” he said
VP Shettima extended what he described as the heartfelt condolences of President Tinubu and the Federal Government to the government and those who lost their loved ones in the gory attacks, noting that all hands were already on deck to restore peace in the community.

“Please, accept our heartfelt condolences, on behalf of President Bola Ahmed Tinubu. A battalion of the Nigerian Army had been deployed to Kaiama and all hands are on deck to ensure that peace and tranquility is restored to those communities,” he assured.
The VP did not disclose the measures being taken to restore peace in the area, observing however that “security issues are sensitive issues and we do not have to divulge most of the actions that are being taken by our security establishment.
“But I’m here fundamentally to commiserates with the government and people of Kwara and the people of Kaiama, in particular, over the tragic loss of lives and to reassure the good people of the state of harmony. Our prayers are with you, our empathy is with you,” the Vice President added.
Earlier, Chairman of the North East Governors Forum, Governor Babagana Umara Zulum of Borno State, extended the condolences and sympathy of the North East Governors to the people and government of Kwara State over the tragedy.

He said, “As Muslims, we believe in destiny and it is our sincere hope that, by God’s grace, this act will not happen again. Our prayers are with you and it is our sincere prayer that Almighty Allah will forgive those that have lost their lives and grant them Aljannah firdaus,” Governor Zulum prayed.
Responding, the Governor of Kwara State, AbdulRazaq, applauded the swift response of the Federal Government to the incident, saying “as confirmed by the Local Government Chairman, troops are already on ground and the Operation Savannah Shield is in motion.
“As you can see, we were welcomed at the airport by the General Officer Commanding (GOC) Second Division of the Nigerian Army. A DIG is on ground. We truly appreciate the response of the Federal Government, and representatives of NEMA have been on ground since the incident happened.”
The Governor called for continued prayers for better a situation and better security in Nigeria, just as he said, “One is short of words and what to say but we will continue to support our President, the Vice President and our leadership for God to guide them in the affairs of this nation.”
Also, the Chairman of Kaiama local government area, Hon. Abdullahi Abubakar Danladi, expressed gratitude to President Tinubu and Vice President Shettima for the immediate deployment of a military battalion in the area, and thanked the Governor of Kwara state for his leadership.
On his part, the Emir of Kaiama, HRH Alhaji Mu’azu Shehu Omar, also applauded President Tinubu for the prompt action taken after the massacre that in Kaiama.
“We really appreciate the effort of President Tinubu. Since the incident happened on Tuesday, he has shown concerned toward us. The security personnel and other relevant agencies are adequately deployed to arrest the situation,” the traditional ruler said.
Other dignitaries present during the visit include the Director-General of NEMA), Zubaida Umar; Sen. Ali Mohammed Ndume; Managing Director, Niger Delta Power Holding Company Ltd (NDPHC), Eng. Jennifer Adighije; former Deputy Senate President, Senator Ovie Omo Agege, and members of Kwara State House of Assembly, among others.
VP Shettima Leads FG Delegation To Condole With Victims Of Kwara Attack
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