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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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Army troops of Operation Fansan Yamma repel bandits’ attack, recover arms in Sokoto
Army troops of Operation Fansan Yamma repel bandits’ attack, recover arms in Sokoto
By: Zagazola Makama
Troops of the Nigerian Army under Operation FANSAN YAMMA, in collaboration with other security agencies, have repelled a bandits’ attack on Kola Village in Salame Local Government Area of Sokoto State.
Sources told Zagazola Makama that the incident occurred on Jan. 1, 2026, at about 6:15 a.m., following a distress call that a large number of armed bandits, wielding sophisticated weapons, had invaded the community.
According to the source, the Army Forward Operating Base (FOB) troops of Operation FANSAN YAMMA and operatives of the Anti-Kidnapping Unit were swiftly deployed to the area
“The joint security team engaged the hoodlums in a gun duel that lasted for some time. The bandits were overpowered and fled into the nearby forest with their casualties,” the source said.
The added that during a combing of the surrounding bushes, the security operatives recovered one AK-47 rifle with 24 rounds of live ammunition, believed to belong to a neutralised bandit.
The team also recovered 48 rustled sheep that had been taken from villagers during the attack.
“No casualty was recorded on the side of the troops and the villagers,” the source said.
The sources said confidence-building patrols were ongoing in the area, while all FOB’s had been placed on alert to watch out for any injured bandits seeking refuge.
The troopd reassured residents of Salame and adjoining communities of sustained security presence and urged them to continue to cooperate with security agencies by providing timely and credible information.
Army troops of Operation Fansan Yamma repel bandits’ attack, recover arms in Sokoto
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Air force strikes bandit camps in katsina, neutralized 27 in dawn operation
Air force strikes bandit camps in katsina, neutralized 27 in dawn operation
By: Zagazola Makama
The Nigerian Air Force (NAF) component of Operation FANSAN YANMA has recorded a major operational success in Katsina State following a precision air operation that neutralised a large number of armed bandits in Faskari Local Government Area.
Zagazola learnt that the operation, conducted in the early hours of Feb. 1, targeted known bandit enclaves in the Shawu–Mununu forest axis, Ruwan Godiya area of Faskari LGA.
According to sources involved in the mission, the strikes followed sustained aerial reconnaissance that confirmed the presence of heavily armed elements believed to be responsible for recent attacks along the Bakori–Guga corridor.
“At about 6:30 a.m., NAF air assets executed a coordinated reconnaissance and strike mission on identified bandit camps in the Shawu Mununu forest,” the sources said.
“The targets were strongly linked to recent violent incidents in the area. The operation achieved its objective, with approximately 27 armed bandits neutralised.”
The sources said follow-up assessments indicated that the surviving members of the group fled the area in disarray, abandoning their hideouts and logistics.
The sources added that the precision of the air strikes significantly degraded the group’s operational capability and disrupted their freedom of movement within the forested belt stretching across parts of southern Katsina.
“There will be no safe haven for criminals anywhere in this region,” he said.
The sources said that NAF has since intensified aerial patrols and surveillance along the Faskari–Bakori–Guga axis to prevent regrouping and to support ground forces in maintaining pressure on fleeing elements.
The sources further noted that the operation forms part of a broader, sustained air-ground campaign to dismantle bandit across the North-West.
“We remain committed to supporting national security objectives. Our air crews will continue to dominate the airspace, deny these groups sanctuary and protect law-abiding communities,” said the sources.
He also urged residents to continue cooperating with security agencies by providing timely and credible information that could help identify criminal movements and hideouts.
“The safety of our people is our priority. With the support of the public, we will continue to degrade and defeat all armed groups threatening peace and stability,” the sources said.
Air force strikes bandit camps in katsina, neutralized 27 in dawn operation
News
NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims
NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims
By: Michael Mike
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has uncovered an alleged human trafficking operation following a coordinated raid on a popular hotel in the 33 Area of Onitsha, Anambra State, resulting in the arrest of six suspects and the rescue of 17 victims.
The operation, which was carried out with the support of military personnel, led to the arrest of four suspected traffickers at the hotel, while two other suspects believed to be involved in the buying and selling of babies within the South-East region were apprehended during related operations.
NAPTIP disclosed that four of the rescued victims were diagnosed with HIV and are currently receiving counselling and medical support from the agency, alongside volunteers from the Anambra State AIDS Control Agency (ANSACA).
According to the agency, the raid was triggered by credible intelligence from a non-state actor in Anambra State, which indicated the presence of underage girls allegedly being exploited within the facility.
The intelligence also revealed concerns about the health conditions of the victims, prompting voluntary medical screening after proper counselling.
Investigations revealed that residents in the area had previously raised alarm over suspicious activities at the hotel, which has about 45 rooms. The hotel was reportedly known for frequent visits by men suspected to be engaging in illicit activities with underage girls.
During the operation, some victims were found in compromising situations with clients, while others were reportedly dressed provocatively and waiting for customers.
The victims were said to have told investigators that they were recruited from Benue, Imo, Ebonyi and Akwa Ibom states and trafficked to Onitsha under false pretences before being forced into prostitution.
The victims further disclosed that they were compelled to remit between ₦20,000 and ₦25,000 daily to their handler, popularly referred to as their “Madam,” after engaging multiple clients each day.
One of the rescued victims recounted being lured to Onitsha by a promise of employment, only to discover upon arrival that she had been forced into sex work.
Another victim alleged that after undergoing HIV testing, their handler seized the medications provided and physically assaulted them for attempting to seek medical treatment.
Reacting to the development, the Director-General of NAPTIP, Hajiya Binta Bello, expressed deep concern over the victims’ suffering and deteriorating health conditions.
She commended the military and the Gender and Human Rights State Response Team domiciled at ANSACA for their swift intervention and collaboration.
Bello described the denial of medical care to the victims as a criminal act, revealing that NAPTIP has launched a manhunt for the fleeing handler. She also confirmed that the owner of the hotel has been invited for questioning as investigations continue.
The NAPTIP boss reaffirmed the agency’s commitment to intensifying its crackdown on human trafficking, warning traffickers that 2026 would be a difficult year for anyone involved in the crime.
NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims
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