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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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Adamawa Court fixes Nov. 3 for Furore Emirate case defense

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Adamawa Court fixes Nov. 3 for Furore Emirate case defense

Adamawa State High Court IV sitting in Yola on Wednesday adjourned a case challenging the Adamawa government for the creation of the Fufore emirate council from Adamawa emirate to November 3rd and 4th for defense.

Justice Musa Usman who presided over the case said, this at the end of two days hearing from the principal witness, plaintiffs.

The case which was filed by the three traditional titles holders of Adamawa emirate; Alhaji Musa Halilu, Dujuma Adamawa, Mustapha Dahiru, Yarima Adamawa and Alhaji Mustapha Ahmadu, Sarki Noma Adamawa that due process was not followed before the creation of Fufore emirate.

Manga Nurudeen (SAN), counsel to the plaintiffs, told newsmen at the end of the seating that they had called four witnesses in the case and concluded.

“As you may have seen, the court has adjourned to 3rd and 4th of November for the defense, for the government and the new airmen to bring their own witnesses to be cross examined.

The defense counsel, state Attorney General and Commissioner of Justice, Afraimu Jingi, also said they have successfully taken the evidence of the plaintiffs during the two days of seating.

“They listed five witnesses they were able to call four and they closed their case.

“And fortunately we have been able to answer the questions to our mind that we thought we can discredit them to our mind which is left to the court to determine”, he said.

According to him, they were satisfied with the proceedings and they do not have any burden on them as the next agenda will be defense.

Adamawa Court fixes Nov. 3 for Furore Emirate case defense

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NSCDC Promotes Grassroots Security, Community-Based Intelligence

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NSCDC Promotes Grassroots Security, Community-Based Intelligence

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has reiterated its commitment to strengthening grassroots security and community-based intelligence across the country as tools for tackling insecurity.

The Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Prof. Ahmed Audi gave the commitment during his working visit of Anambra State as part of his continued strategic operational tour of the South East.

Audi, who was received by the Governor of Anambra State, Prof. Charles Soludo, noted that his visit was aimed at assessing the welfare of personnel, understanding field challenges, and reinforcing the Corps’ operational capacity in the region.

Speaking during the courtesy call at the Government House, Awka, the Commandant General commended the Governor for his administration’s proactive efforts in maintaining peace and stability. He also solicited greater logistical and infrastructural support to enhance the NSCDC’s performance in the state.

He said: “Security must begin from the grassroots. That is where the people live, work, and build the future. The Corps remains resolute in delivering quality service and ensuring that the confidence of Nigerians, particularly Ndi Anambra, in our operations is not misplaced.”

Soludo, in his response, commended the NSCDC for its professionalism, discipline, and resilience, especially in safeguarding critical national assets and public infrastructure.

He said: “Here in Anambra, the Light of the Nation, our greatest asset is our people: creative, enterprising, and innovative. They are the engine of our economy. Ensuring their safety and prosperity is a shared responsibility, and we appreciate the NSCDC for standing firm in that mission.”

The governor pledged continued partnership and support for the Corps, affirming that security remains the foundation for the state’s economic growth and innovation-driven development.

The Commandant General’s tour of Anambra is part of a nationwide operational assessment aimed at improving welfare, operational readiness, and synergy among security stakeholders. It underscores the NSCDC’s renewed focus on community trust, proactive engagement, and service excellence under Prof. Audi’s leadership.

NSCDC Promotes Grassroots Security, Community-Based Intelligence

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Security forces rescue three kidnapped women in Zamfara

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Security forces rescue three kidnapped women in Zamfara

By: Zagazola Makama

Security forces have rescued three kidnapped women following a gun battle with bandits along the Anka–Bukkuyum road in Anka Local Government Area.

Sources said the incident occurred at about 6 p.m. on Oct. 7, when armed bandits blocked the highway and attacked a Golf vehicle with registration number RBC 22 ABUJA.

The assailants abducted the driver and three passengers before the arrival of the Anti-Kidnapping team led by Insp. Ibrahim Ubandoma.

The security team engaged the bandits in a fierce shootout, overpowering them and rescuing the three abducted passengers unhurt.

The rescued victims were identified as Lantana Abubakar, aged 70; Fatima Muhammad, aged 45; and Suwaiba Muhammad, aged 40, all residents of Gummi town in Gummi Local Government Area.

The victims were safely escorted to Anka town by the security team.

Efforts are ongoing to rescue the remaining abducted driver, as patrol operations continue in the area.

Security forces rescue three kidnapped women in Zamfara

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