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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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Period poverty: NEEM Foundation distributes sanitary pads to over 300 student in Abuja
Period poverty: NEEM Foundation distributes sanitary pads to over 300 student in Abuja
By: Michael Mike
NEEM Foundation, a Non-Governmental Organisation (NGO) has distributed sanitary towels to over 300 students in Abuja as part of its commitment to end period poverty among young school girls,
The foundation carried out the empowerment scheme in collaboration with the Regent Schools Abuja, at the Junior Secondary School, JSS, Jabi 1, Abuja.
Head legal, Neem Foundation, Nancy Oyibo
said conversations around menstrual health and hygiene should be normalised, noting that access to menstrual hygiene products is crucial to healthy living, well being and dignity of all women and girls in the society.
She said empowering women to take charge of their menstrual health is not just essential but transformative.
Oyibo said: “We discovered some issues of health as some young girls cannot afford sanitary towels during their period. We thought it was imperative, following the rate of inflation to help the young ladies, the future of our country.”
She disclosed that “this is our second distribution in Abuja, we have also done few distributions in Maiduguri.”
She noted that the target goal is to create a pad bank in schools, as according to research carried out by the organisation revealed that female students sometimes miss school during the period of their menstrual flow.
She said: “This is just a step to many activities to be carried out in this light. We are going to take this all the way to where it needs to get to and to pass on this message so people can understand the effect this has on the education system for young girls.
“We do not want to have girls in situations where they are vulnerable and not proud of something that comes naturally. We want them to come confidently knowing they have nothing to worry about as they can compete with their male counterpart in school and ensure that they get the best out of it.
“For now, we are engaging mostly the girls as we realized that, most of them are shy to discuss topics related to menstrual hygiene, so this stage is to have an interaction with them, to make them comfortable. This factor made us ensure we have male personnel among us to talk about these issues as a gradual process, then subsequently, we include the boys in the discuss.
“This whole situations stems from the home as some homes do not seem it right to discuss issues of menstrual hygiene publicly. This is how some people grew up and we are trying to change that narrative with a focus on spreading the word to everyone.
During an interactive section with the student, Legal Assistant Neem, Aliyyah Abdulkadir disclosed that the organisation saw it necessary to provide sanitary towels from the opinion that, you girls should not stay out of school, or have to choose between school and menstrual care.
She charged the students to be agent of change, in making concerted efforts to educate others in a bid to break the culture of silence.
For her part, the Executive Assistant to the Executive Director, Aisha Muniru Mai, speaking on the up coming 16 days activism on Violence Against Women, said: “We are keying into the issues with specific interest to access to education.
“One of the things we overlook is the period poverty. As if you do not have access to menstrual hygiene products, it will be difficult to go to school and learn. As such we are highlighting period poverty, teaching the children the signs and things they need to be aware of to identify violence and report to appropriate quarters.
The Director/Principal, JSS, Jabi 1, Dr. Grace Ifeyinwa Onyeanusi expressed profound gratitude to NEEM Foundation for the kind gesture as it will go a long way in helping the students maintain hygiene during menstruation.
One of the beneficiaries, A JSS 3 student Tega Praise Ogaga, expressed her appreciation to NEEM Foundation, disclosing how sometimes she is scared to approach her parents to purchase sanitary towels during menstruation and will have to use a single pad for a long period.
She said, “Sometimes I resolve to using rags or more than one pant, which is very discomforting, but with the sanitary towels from NEEM Foundation, I will not have to make any demands from my parents in a while.
Neem Foundation is a leading crisis response organisation committed to promoting the protection and wellbeing of populations and communities living in contexts affected by conflict, violence, and fragility.
Period poverty: NEEM Foundation distributes sanitary pads to over 300 student in Abuja
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Flame Initiatives, RCCG empowers widows in FCT
Flame Initiatives, RCCG empowers widows in FCT
By: Michael Mike
As part of its commitment to foster empowerment in marginalised communities, Flame Initiatives, a Non-Governmental Organisation under the CINTA Widows Empowerment Programme, has donated food items, funds, and other materials to widows in the Federal Capital Territory (FCT).
The outreach carried out in Abuja, was in collaboration with the Redeemed Christian Church of God (RCCG), The Lord’s Place.
Speaking, the Lead Pastor of the RCCG, the Lord’s Place, Pastor Ola Omosebi, charged the Federal government to make concerted efforts to enhance the current economic situation facing the country, deploying urgent solutions without altering long-term policies.
Pastor Omosebi said the church is emulating how Christ fed 5,000 persons during famine while asking the government to act fast to ameliorate the suffering of the people.
“The major direction of this event is to have at least one day a year where widows are brought together and empowered with soft skills, business skills, enterprise skills and encouragement. One of the things this program offers is hope. “
He urged the government to support widows through sustainable initiatives. Providing a dedicated secretariat advocating for women, particularly widows, with government representatives.
“People are struggling to make ends meet, and the prolonged hardship is leading to depression, despair, and even death. The government must prioritize quick-fix solutions alongside long-term plans to restore hope and confidence in the economy.”
Also speaking, the Mandate Secretary, Women Affairs Secretariat of the FCT Administration (FCTA), Dr Adedayo Benjamin-Laniyi, expressed empathy for the resilient widows, noting that one cannot understand what it means to be in their shoes.
Laniyi, represented by her Personal Assistant, Mrs. Kemi Samuel, noted the fundamental role a husband/father plays, stating that loss can change lives and test the core of beings.
She celebrated the widows for their resilience and strength while acknowledging the challenges amidst the hardship and grief come the capacity to adapt.
She said, “We are here to support one another. Let today be a reminder to encourage and uplift one another.
“It’s an honour to celebrate strength, resilience, and community.
She noted that the event is a testament to the extraordinary courage and unwavering determination of everyone who has navigated the challenges of widows.
Also, the President of Widows Organisation International FCT Chapter, Aisha Baba Ringo, advised widows to persevere and be hardworking.
According to her, “Being a widow doesn’t mean all hope is lost, it’s also not a stigma”.
A beneficiary of the programme, Ms Oyeyemi Obende, said the programme has been educative, innovative and supportive. She advised widows not to give up even if the world looked down on them.
Flame Initiatives was established to provide the disadvantaged and mainly rural population with relief materials, motivation, and empowerment to improve their physical and social well-being. Their main objective is to drive social change in communities by facilitating development in the public and private sectors.
Flame Initiatives, RCCG empowers widows in FCT
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COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
By: Our Reporter
The Managing Director of the Nigerian Education Loan Fund NELFUND, Akintunde Sawyerr, has visited Borno State to engage with students, educators, and government officials, highlighting the benefits of the NELFUND initiative.
NELFUND, an initiative of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aims to provide all higher institution students with access to financial resources, enabling them to pursue their educational goals and aspirations at ease.
The Managing Director NELFUND Akintunde Sawyerr emphasized his commitment to revitalizing education in the country, stating that the loan programme is designed to also reduce unproductivity and unhappiness amongst Nigerians students, which often lead to broader societal issues.
Sawyerr explained The loan’s modalities, which include creating an online profile as a prerequisite for application, clarifying that the loan is interest-free and does not require a fixed repayment period, making it accessible and flexible for students.
Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Abba Wakilbe, reiterated the state government’s commitment to facilitating student access to the loan, hence announced the establishment of a dedicated desk officer for NELFUND in the state Ali Sherriff to work in collaboration with the Special Adviser to governor Zulum on Higher Education and other educators.
This initiative, Wakilbe added will guide students throughout the application process and ensure they fully understand THE benefits of the loan, which he described as a low-risk grant and encouraged all eligible students to take advantage of the programme.
During the session, questions were raised seeking further clarification, where the Managing Director provided detailed responses, shedding more light on the programme and its benefits.
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
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