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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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NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

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NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has reinforced its commitment to combating corruption by inaugurating new heads of its Anti-Corruption and Transparency Unit (ACTU) and unveiling a robust Corruption Prevention Strategy.

Commandant General (CG) of NSCDC, Prof. Ahmed Audi on Wednesday charged the newly inaugurated ACTU heads to lead by example, enforce compliance without fear or favour, and resist undue pressure by upholding the values of integrity, transparency, and accountability.

The CG, represented by the Deputy Commandant General (Administration), DCG Adeyinka Ayinla, delivered the keynote address at a one-day sensitization workshop, inauguration ceremony, and integrity award event held at the Corps’ National Headquarters in Abuja.

Audi stated that the new NSCDC Corruption Prevention Strategy is designed to reduce misconduct, promote due process, and reinforce internal discipline within the Corps. He applauded the support of President Bola Tinubu, through the Minister of Interior, Honourable Olubunmi Tunji-Ojo.

Also speaking at the event, the Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Dr. Musa Aliyu, stressed that corruption undermines service delivery, erodes public confidence, distorts development priorities, and weakens the security architecture of a nation.

Aliyu, represented by Mr. Olusegun Adigun, assured the NSCDC of the Commission’s continued partnership in championing preventative measures across Ministries, Departments, and Agencies (MDAs), and appreciated the Corps for its strong anti-corruption posture.

Earlier, the Chairman of the NSCDC ACTU, Acting Commandant Audrey Obeh, described the gathering as a “transformative moment” and a testament to the Corps’ dedication to integrity and national development. She commended the Commandant General for his visionary leadership, which has provided an enabling platform for the ACTU to thrive.

“The inauguration of ACTU Heads, integrity awards, and unveiling of the NSCDC corruption prevention strategy all demonstrate how we are intentionally strengthening the pillars of accountability within our system,” Commandant Obeh stated.

A key highlight of the event was the presentation of integrity awards to deserving officers and staff.

The CG of NSCDC, Prof. Ahmed Audi, received the Integrity Champion and Visionary Award.

The erstwhile Chairman of NSCDC ACTU, Commandant of Corps Remi Ekundayo, bagged the Distinguished ACTU Chairperson Emeritus Award.

Other recipients included ASCII Amanze Abraham Onyedikachi (ACTU Integrity, Ethics and Compliance Award), and CSC Aremu Rafiu (Kwara State Command), CSC Akinwande Adesola Comfort (Oyo State Command), SC Umar Abubakar Ladan (Borno State Command), and SC Yusuf Ibrahim Yusuf (Jigawa State Command), who all received the ACTU Outstanding Performance and Distinguished Service Award.

Goodwill messages were also delivered by representatives from sister agencies, including the Controller General of Immigration, the Director General of the National Emergency Management Agency (NEMA), and the National Identity Management Commission (NIMC).

NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

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Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

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Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

By: Michael Mike

Indigenous contractors have cried to federal government to immediately pay them for contracts they have fully agreed executed in order to stem the tide of death of their counterparts and severe hardship all of them of continued to bear due to continued non-payment of what is due to them.

The group who thronged the federal ministry of finance for the second day running to protest non-payment of over N500 billion to indigenous contractors for contracts already completed and since commission, lamenting severe hardship of contractors and called on the President to intervene immediately.

Speaking during the protest in Abuja, representatives of the Indigenous Contractors Association of Nigeria said the government’s failure to release payments for fully executed 2024 federal projects has pushed many contractors into financial distress, loss of property, illness and in some cases death.

Haruna Gabari, President of the Nigerian Indigenous Contractors Association, highlighted the non-payment of contractors for 2024 projects, expressing frustration over the federal government taking credit for contracts executed by contractors without providing the approved payments.

He said: “We are protesting the contract we executed on behalf of the Nigerian federal government, a contract commissioned and executed by the federal government, particularly by members of the National Assembly, who have taken credit for it. But so far, the federal government has not paid us.”

Gabari called for presidential intervention to ensure payment and accountability. He urged the President to direct the Minister of Finance and the Coordinator of the Ministry of Economy to release the outstanding funds.

“So what we are asking is that the president intervene and demand that the Minister of Finance and the Coordinator of the Ministry of Economy pay us our money,” he noted.

He criticized the Minister of Finance for alleged incompetence and its impact on the economy. He argued that unpaid contractors slow economic activity and blamed the minister for stagnation.

“He has shown himself to be irresponsible in his duties and incapable of handling such an important position. We are the leaders of the economy. When we pay the contractors, the economy moves. But as you can see, the economy is stagnant. It’s stagnant, nothing is moving,” he said.

Gabari highlighted the human cost of the delay in payments. He spoke of contractors who are sick, hospitalized, or have lost property due to the unpaid contracts, condemning the perceived indifference of the Ministry of Finance.

“Some of our members are dying. Some are in the hospital. Some have lost their property. In response to our disaster, the minister told us that people are dying every day. If contractors are dying, what’s so special about that? Because he’s asking us to die, and we’re asking ourselves to die too,” he stated.

He further warned of escalating consequences if payments are not made promptly. He implied that continued inaction could lead to further economic and social distress, pressing the urgency for immediate government response.

“Before the end of December, by His grace, he will be normal. He will join some of our members who have died,” he said, emphasizing the seriousness of the situation and the human toll of delayed payments.

Public Relations Officer of the Association, Rotimi Raheem, emphasized the ongoing delay in payment for 2024 contracts. He highlighted that despite repeated protests and official meetings, the contractors have yet to receive their dues.

“We were here, we protested, this is our third time of protesting. We protested about a month ago in National Assembly, in which the leadership of National Assembly met with the President and told the Minister of Finance, instructed the Minister of Finance to pay us. We have submitted our list for about three weeks ago. Up till now our payment has not been made,” he said.

He pointed out that the contractors have been persistent in their demonstrations to secure payment. Raheem noted that the protesters have been camping overnight and engaging directly with officials to press for immediate action.

“We started this protest yesterday and we slept here all through the night. A permanent secretary came out yesterday that our payment will be made before the month end. We told him we are not for that,” he said.

Raheem stressed the urgency for a prompt resolution within 48 hours, explaining that leadership is trying to negotiate a pathway to ensure the funds are released to contractors without further delay.

“We have called our leadership for negotiation this money, that we should give them way in, so that in the next 48 hours our money will be paid. But up till now, we are trying to convince our members to give them the way so that they can enter,” he said.

He further highlighted the accountability of the Finance Ministry in the delay,stressing that the failure to release funds reflects poorly on the ministry and undermines the economic contributions of contractors.

“The leadership of National Assembly met with the President and told the Minister of Finance, instructed the Minister of Finance to pay us. We have submitted our list for about three weeks ago. Up till now our payment has not been made,” he said.

Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

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Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

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Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

By: Michael Mike

The China Cultural Centre, Counsellor Yang Jianxing has explained that cinema is now emerging as the latest tool in building bilateral, stating that film and artistic collaboration would continued to be employed to boost Chino-Nigerian relations.

He made the declaration on Tuesday evening at the Chinese Embassy’s masterclass and special screening of the acclaimed documentary, ‘Rooting’ at the Zuma International Film Festival in Abuja.

Yang said the series of events is not only a cinematic feast, but also a dialogue between civilisations and a testament to friendship.

The counselor, who represented the Chinese Ambassador in Nigeria, Yu Dunhai described the featured documentary Rooting, filmed over four years in Yunnan Province, as “a condensed visual chronicle of China’s poverty alleviation efforts.”

He said the film follows a rural villager who escapes poverty with the help of targeted government policies and has earned multiple awards at international film festivals.

Yang said the film’s message mirrors the hopes of many Nigerians. “The film’s theme resonates deeply with the Nigerian people’s aspirations for national development and a better life, and we believe the authentic footage and heartfelt language will strongly resonate with audiences.”

While speaking further, he extended appreciation to festival organisers and key Nigerian film figures.

He said: “On behalf of the Chinese Embassy in Nigeria and the China Cultural Centre in Nigeria, I would like to express my sincere gratitude to the Zuma International Film Festival Organising Committee for their meticulous preparations and warm invitation.”

He also praised the Chinese filmmakers behind Rooting for travelling to Nigeria for the screening. “I extend my highest respect to Director Chai Hongfang and Director of Editing Zhou Xinxia, who have travelled all the way from China, and express my heartfelt thanks to China Harbour Engineering Company (Nigeria) Ltd. for their tremendous support,” he added.

Highlighting the cultural dynamism of both Nigeria and China, he observed that “China and Nigeria are world-renowned film-producing countries,” adding that Nollywood’s output of 2,500 films annually makes it the world’s second-largest film industry.

He described the Zuma Film Festival as “an important window for exchange and mutual learning between different civilisations.”

Jianxing also spotlighted China’s own cinematic growth. “In 2024, the number of screens in China exceeded 90,000, and the total box office reached 6 billion US dollars,” he said, noting the country’s evolution from black-and-white productions to a global film powerhouse.

He underscored the cultural weight of documentary filmmaking, despite limited commercial returns. “We should pay our highest respects to Director Chai Hongfang, Director of Editing Zhou Xinxia and their colleagues for their dedication and contributions to social progress,” he said.

Yang however announced that another Chinese documentary, SHENZHOU13, filmed by astronauts aboard the Shenzhou Space Station, would also be screened at the festival. “We believe this screening of Chinese films will be another beautiful chapter in the history of cultural exchange between our two countries,” he stated.

Yang while linking the event to broader policy, explained that the outcomes of the Fourth Plenary Session of the 20th CPC Central Committee emphasised deeper global cultural exchanges. He reminded the audience that 2026 is designated the China-Africa Year of People-to-People Exchanges, adding: “We look forward to deeper exchanges and cooperation between China and Nigeria in the film field, playing a bridging role in enhancing the friendship between the two peoples.”

Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

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