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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
News
International Women’s Day: Eight Actions for A More Equal World
International Women’s Day: Eight Actions for A More Equal World
By: Michael Mike
Over nearly a decade leading the United Nations, I have seen our world repeatedly tested – by climate shocks, deepening poverty, violent conflict and shrinking civic space.
But I have also watched many solutions take root, and they shared one common denominator: women.
As the world marks International Women’s Day, it is time to recognize that gender inequality is the greatest human rights challenge of our time – and advancing equality is one of the strongest drivers of sustainable development and peace.
Here are eight actions drawn from my own experience, and inspired by the work of the UN system and civil society movements across the globe, to advance women’s rights and deliver results.
- Fix the Power Gap
Gender equality is a question of power. But male-dominated institutions still shape our world. A rising tide of authoritarianism is deepening these inequalities, rolling back hard-won protections – from fair work practices to reproductive rights – and entrenching racial and gender biases that hold women back. Gender equality lifts societies. When power is shared, freedom expands. - Make Parity a Priority
Women are grossly under-represented in governments and boardrooms across the globe. At the United Nations, we set out to make gender parity a priority, starting with senior leadership. We did this by widening the search for qualified candidates, not by lowering standards. The UN is stronger for it, with an enhanced workplace culture and more inclusive decision-making. The lesson is clear. When institutions choose equality, results follow. - Bet on the Highest-Return Investment
Investment in women delivers outsized returns. Every dollar spent on girls’ education yields nearly triple the gains, while maternal health and family planning generate more than eightfold benefits. Policies that support families such as child care and elder care strengthen communities and unlock even more growth. Taken together, such steps lay the foundation for closing gender gaps – which can boost national income by as much as 20%. - Make Room at the Peace Table
Peace agreements are more durable when women take part in negotiating and implementing them. Yet in too many conflicts – including Gaza, Ukraine, and Sudan – women have been largely shut out of the room, even though they carry the heaviest burdens of war. At a time of rising instability, inclusion is not symbolic – it is a shortcut to stabilize our fractured world. - End Legal Discrimination
Worldwide, women hold only 64 per cent of the legal rights enjoyed by men. In too many places, they cannot own property, work freely, or seek a divorce. Even where protections exist, women face higher barriers to access legal aid or the courts. Every country must commit to dismantling discriminatory laws, and to enforcing rights in practice. - Zero Tolerance for Gender-Based Violence – and Zero Excuses
Violence against women is a global emergency, rooted in inequality and sustained by silence. Every woman and girl has the right to live free from fear. Yet gender-based violence – including sexual exploitation and abuse – remains a horrific breach of trust and humanity. We must confront it everywhere, with zero tolerance, full accountability, and unwavering support for survivors. - Code Out Bias
With women comprising just one in four tech workers, bias is being hardwired into the systems that shape daily lives. Meanwhile, misogyny is exploding online. Technology companies and governments must act together to build safe, inclusive digital spaces – and the world must do more to remove barriers for girls in science and technology. - Put Gender in the Climate Plan
Climate change is sexist. Women often eat last in food crises and endure greater danger in emergencies. Girls face higher risks of child marriage when livelihoods collapse. But women are also leading climate solutions – advancing green legislation, powering global movements, and driving change on the ground. A liveable planet demands gender-responsive climate policies, including equal access to green jobs, better protection in emergencies, and full participation in environmental decision-making.
Across the globe, I have seen these eight solutions in action – in war zones and recovery efforts, parliaments and classrooms, organizations and communities.
If leaders get serious about gender equality and commit to them now, we will change the world – for women and girls, and for us all.
International Women’s Day: Eight Actions for A More Equal World
News
Israel Accuses Iran of Terror Links, Cites Activities in Nigeria
Israel Accuses Iran of Terror Links, Cites Activities in Nigeria
By: Michael Mike
The Embassy of Israel in Nigeria has accused Iran of sponsoring terrorism across the globe and backing militant networks, including alleged links to activities in Nigeria.
In a statement issued in Abuja, the Israeli mission challenged recent remarks by Iran’s envoy to Nigeria denying Tehran’s involvement in terrorism, insisting that evidence accumulated over the years contradicts such claims.
The embassy said Iran has long been identified by several governments and security agencies as a major state sponsor of terrorism, accusing the country of providing funding, weapons, training and strategic guidance to militant groups such as Hamas, Hezbollah and the Houthi movement.
According to the statement issued on Monday, these groups have carried out attacks against civilians and contributed to instability in several parts of the world, particularly in the Middle East.
The embassy further alleged that Iranian-backed operatives and networks have been linked to attacks and plots in different countries, including Argentina, Bulgaria, Australia and the United Kingdom.
Highlighting developments in the Middle East, the mission said Iranian leaders publicly praised the October 7 attacks carried out by Hamas against Israeli civilians and encouraged further violence against Israel.
The embassy also pointed to past incidents in Nigeria which it said suggested Iranian-linked activities within the country.
It recalled that in 2010, Nigerian authorities intercepted a shipment of weapons originating from Iran at Apapa Port in Lagos, concealed in containers allegedly destined for militant groups in West Africa.
The statement also referenced a 2013 operation by Nigerian security agencies in which a Hezbollah-linked cell and weapons cache were uncovered, leading to arrests in Abuja and Kano. Authorities at the time said the weapons were intended for attacks against Israeli and Western interests in Nigeria.
Israel’s Ambassador to Nigeria, Michael Freeman, said Iran’s repeated denials could not erase what he described as a documented history of support for militant organisations.
“The Iranian regime can make as many statements as they like and appear on as many television channels as they want. But facts speak louder than words. The reality is that Iran is the world’s largest sponsor of terrorism and has backed the Islamic Movement of Nigeria for years,” he said.
The embassy said it considered it necessary to challenge what it described as misinformation, stressing that terrorism remains a major threat to global peace and stability, including in Nigeria.
Israel Accuses Iran of Terror Links, Cites Activities in Nigeria
News
NSCDC Warns Contractors Over Damage to Fibre Optic Cables in Abuja
NSCDC Warns Contractors Over Damage to Fibre Optic Cables in Abuja
By: Michael Mike
The Nigeria Security and Civil Defence Corps (NSCDC) has issued a strong warning to construction companies and contractors operating in the Federal Capital Territory, cautioning them to stop damaging underground fibre-optic cables during excavation works or face prosecution.
The warning was issued by the FCT Commandant of the Corps, Olusola Odumosu, who expressed concern over the growing cases of fibre-optic cable destruction across Abuja due to negligence and poor planning by construction firms.

Odumosu said the increasing damage to the communication infrastructure has led to repeated disruption of internet services, banking operations, telecommunications networks and other critical government and commercial activities.
According to him, the destruction of fibre-optic cables constitutes a serious national security risk and undermines economic activities in the country.
He explained that under the Designation and Protection of Critical National Information Infrastructure Order 2024, telecommunications infrastructure, including fibre-optic cables, has been classified as Critical National Information Infrastructure, making any deliberate or negligent damage a punishable offence.
The Commandant noted that the Corps derives its powers from the Nigeria Security and Civil Defence Corps Act 2003 (as amended in 2007), which empowers it to protect national assets, maintain round-the-clock surveillance on critical infrastructure and prosecute offenders involved in vandalism and sabotage.
He added that the law authorises the Corps to arrest, detain and investigate individuals or organisations responsible for damaging public utilities such as communication cables, power transmission lines, pipelines and other strategic facilities.

Odumosu disclosed that in line with directives from the Office of the National Security Adviser, contractors must verify the presence of underground utilities before commencing excavation or drilling in the FCT.
He directed all construction firms to liaise with telecommunication service providers, the NSCDC and relevant authorities before carrying out digging or drilling activities, stressing that ignorance of the presence of fibre-optic cables will not be accepted as a defence.
The NSCDC boss further warned that the Corps would not tolerate vandalism or interference with critical national assets such as power installations, oil and gas pipelines, rail infrastructure, water facilities, communication masts and government buildings.
He said offenders—whether individuals, companies or government contractors—would face prosecution under existing laws, including the Cybercrimes (Prohibition, Prevention, etc.) Act 2015 and other relevant legislation protecting national infrastructure.
Odumosu assured residents that the NSCDC remains committed to safeguarding critical national assets across the capital territory and urged contractors to strictly comply with verification procedures before undertaking civil works.
He also called on members of the public, professional bodies and project managers to report suspicious excavation activities or vandalism of public infrastructure to the nearest NSCDC formation for prompt response.
The Commandant reiterated the Corps’ zero-tolerance for vandalism, urging organisations and stakeholders to collaborate with the agency to protect public utilities and ensure sustainable economic growth.
NSCDC Warns Contractors Over Damage to Fibre Optic Cables in Abuja
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