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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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New civil service association wants Ogun governor to halt hurried implementation of contributory pension scheme until…

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New civil service association wants Ogun governor to halt hurried implementation of contributory pension scheme until…

By: Bodunrin Kayode

The entire members of the Association of New Ogun Civil and Public Service Retirees have called on Governor Dapo Abiodun to halt any further accelerated action on the proposed contributory pension scheme (CPS) for civil servants.

The association which comprises more than 600 members and still counting as people are retiring wants Prince Dapo Abiodun, to consider their plights by shifting the proposed hurried implementation of the CPS forward to a later year when all vexatious aspects of the law that established the CPS would have been properly fixed.

In a release signed by about five of the worried retirees, led by Shadrach Omopariola, the members maintain we that “inline with this, we plead with His Excellency Prince Dapo Abiodun CON to order the payment of our monthly pension as from January 1st 2026 to bring back the hope of living in us and put smile on our faces.

“Your Excellency Sir, we heard that your Government is planning to introduce a new idea that is known as ‘Additional Pension Benefits’ This in itself is nothing to be compared with the gains and benefits of the Old Pension Scheme.

” Sir, the payment of our monthly pension would in no small measure improve not only the economic growth of our immediate families but would be a moral booster for the good people of Ogun State inline with Your Excellency’s Mantra of ‘Igbega ipinle Ogun Ajose Gbogbo wa Ni’.

“We will patiently wait for the payment of our gratuity with faith in the government of Ogun State to pay us as soon as possible.

“We remain law-abiding senior citizens of Ogun State even in this difficult situation where we have no money to take care of ourselves, our children, our aged parents, and other dependent relatives.

“We believe in your kind heartedness and goodwill that you will not close your eyes to our pleading but you will come to our rescue within the shortest time possible to bring happiness and joy to all of us.”

The release was jointly signed by Omopariola Shadrach, Adeyanju Joseph, Falola Kayode, Obasan Olufolake and Kayode Mulikat.

The contributory pension scheme is a new scheme first introduced by the fed government in June 2004 following the enactment of the pension reform act by President Olusegun Obasanjo.

The act was later repealed and replaced by the pension reform Act of 2014 which updated the terms of the scheme by exempting employees who had three years or less to retire, those who retired before the enactment, judicial officers, members of the armed forces and the secret service.

Teachers who should have led the list of these exemptions because of their thankless services to humanity like that of the military were completely ignored.

Sub nationals now trying to domesticate the scheme have equally refused to give teachers that special exemption they are entitled to for their thankless services.

New civil service association wants Ogun governor to halt hurried implementation of contributory pension scheme until…

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At a Time of Fracture, Akpabio Frames AfCFTA as West Africa’s Last Best Shield Against Marginalisation

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At a Time of Fracture, Akpabio Frames AfCFTA as West Africa’s Last Best Shield Against Marginalisation


…ECOWAS Parliament President Pushes for Bold Economic Shift
… Odumegwu-Ojukwu Calls for Accelerated Regional Economic Integration, Strengthen Institutional Cooperation

By: Michael Mike

In a region shaken by coups, economic strain and rising global protectionism, President of the Senate Godswill Akpabio has delivered what may be his most forceful case yet for urgent regional consolidation — casting economic integration not as an option, but as West Africa’s survival strategy.

Addressing lawmakers at the Extraordinary Session of the ECOWAS Parliament in Abuja, Akpabio framed the moment in stark terms: a world increasingly defined by hardened borders, supply-chain nationalism and geopolitical rivalry leaves little room for fragmented economies.

His message was unmistakable — West Africa must integrate or risk irrelevance.

At the centre of his argument is the full and uncompromising implementation of the African Continental Free Trade Area (AfCFTA). But beyond ceremonial endorsements, Akpabio challenged lawmakers to confront the uncomfortable truth that trade agreements without legislative alignment, infrastructure readiness and security guarantees remain symbolic.

He warned that if goods cannot move seamlessly from Lagos to Accra or Dakar to Abidjan without bureaucratic bottlenecks, then regional integration remains rhetorical.

More pointedly, Akpabio, who was represented by the Deputy Senate President, Barau Jibrin, linked insecurity directly to stalled economic progress, describing instability as the silent saboteur of intra-African trade. In a region where constitutional disruptions have tested ECOWAS cohesion, he suggested that economic interdependence could become a stabilising force — binding member states not only by treaties but by shared prosperity.

Observers say the Senate President’s remarks signal a shift in tone: from aspirational integration to enforceable integration.

He urged parliaments across the bloc to harmonise national laws with regional commitments, dismantle regulatory contradictions and invest in infrastructure that physically and digitally connects markets. Without such coherence, he warned, West Africa risks remaining a supplier of raw materials while importing finished dependency.

For Nigeria — the region’s largest economy — the speech carried added weight. Akpabio acknowledged that Nigerian growth cannot be insulated from regional fragility, implying that leadership now demands shared uplift rather than dominance.

The underlying message was clear: AfCFTA must move from conference halls into factories, ports, farms and fintech platforms. It must empower small traders, protect cross-border commerce from corruption and unlock value-added production within West Africa.

At a time when global trade blocs are consolidating power, Akpabio’s address positions ECOWAS at a crossroads — either deepen integration and negotiate the global arena collectively, or confront it divided and diminished.

On her part, the President of the ECOWAS Parliament, Mémounatou Ibrahima, called for decisive, measurable action to transform West Africa into a competitive economic bloc, warning that regional integration must move from declarations to delivery.

She declared that the Parliament’s mandate goes beyond representation — it is about responding to the expectations of over 400 million West Africans seeking peace, security and shared prosperity.

At the heart of the session is the implementation of the African Continental Free Trade Area (AfCFTA), which she described as a historic instrument capable of reshaping the region’s economic destiny — but only if fully embraced and effectively executed.

“The AfCFTA has entered its operational phase. Our responsibility is clear: to make it a lever for structural transformation in West Africa,” she said.

Ibrahima stressed that with nearly five decades of integration experience, ECOWAS must not merely follow continental reforms but lead and harmonize them, particularly as the region hosts the AfCFTA Secretariat.

However, she acknowledged stark realities confronting the bloc. Intra-regional trade remains below 10 percent of total trade, industrial capacity is weak, and most member states continue exporting raw commodities such as cocoa, cotton, palm oil and timber with minimal value addition.

“Our economies often compete rather than complement each other,” she noted, adding that delayed ratifications and the absence of clear national strategies in some member states risk slowing coordinated implementation.

Despite these constraints, she highlighted key strengths: a harmonized macroeconomic framework, a Common External Tariff, innovative trade facilitation tools like the Pan-African Payment and Settlement System (PAPSS), and a youthful population representing nearly one-third of Africa’s total demographic strength.

But for AfCFTA to deliver, she insisted, parliamentarians must act decisively — harmonizing legal frameworks, dismantling non-tariff barriers, overseeing community resources and ensuring inclusive participation of women, youth and private sector actors.

Beyond trade, Ibrahima outlined three strategic priorities for 2026: consolidating democracy and constitutional order, strengthening regional security cooperation, and advancing women’s leadership.

She welcomed the lifting of sanctions against Guinea following its December 2025 presidential election and urged peaceful electoral processes in Cape Verde, The Gambia and Benin, while encouraging dialogue in Guinea-Bissau.

On security, she warned that terrorism, violent extremism and transnational crime remain persistent threats that demand intelligence sharing, coordinated action and effective deployment of the ECOWAS Standby Force.

She also called for stronger implementation of gender inclusion commitments, urging the ECOWAS Female Parliamentarians Association to move from advocacy to measurable impact.

In declaring the seminar and Extraordinary Session open, Ibrahima challenged lawmakers to ensure that integration becomes tangible — measured not by speeches, but by expanded intra-regional trade, harmonized policies and improved livelihoods.

“Integration must not merely be proclaimed; it must be implemented,” she said.

Nigeria’s Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, in her intervention asked West African states to accelerate regional economic integration and strengthen institutional cooperation to confront emerging political, economic and security challenges across the sub-region.

Odumegwu-Ojukwu, who was represented by the Head ECOWAS National Unit at the Ministry of Foreign Affairs, Ambassador Nonyelum Afoekelu, in her opening remarks at the First Parliamentary Seminar and First Extraordinary Session of the ECOWAS Parliament, an event which was part of activities marking the Golden Jubilee of the Economic Community of West African States (ECOWAS), stated that regional leaders should use the platform to recommit to the future of integration and shared prosperity.

She said the programme comes at a critical time when West Africa must consolidate its integration agenda, strengthen institutional coherence and collectively respond to socio-economic and security threats affecting the region.

She described the seminar as a strategic platform for reflection, renewed commitment and practical policy dialogue aimed at deepening regional cooperation, harmonizing legislation and accelerating the realisation of ECOWAS objectives.

She also described the keynote theme of the seminar, “Deepening Regional Integration through the African Continental Free Trade Area (AfCFTA): Opportunities and Challenges for the Expansion of Intra-Community Trade within the ECOWAS Region,” was described as highly relevant to the region’s development trajectory.

She noted that declining regional trade has been aggravated by insecurity, unconstitutional changes of government, climate change impacts and other transnational threats that continue to disrupt cross-border commerce.

However, she emphasized that the African Continental Free Trade Area presents a historic opportunity for West Africa to expand trade, attract investment and strengthen regional value chains.

Odumegwu-Ojukwu stressed that ECOWAS is not starting AfCFTA implementation from scratch, noting that the region already has a strong foundation through the ECOWAS Trade Liberalization Scheme (ETLS), which promotes the free movement of goods originating within Member States.

She explained that the ETLS provides a tested institutional and legal framework that can be harmonised with continental trade structures to accelerate economic integration across Africa.

By leveraging existing regulatory instruments and dispute resolution mechanisms, she said ECOWAS can become a continental leader in operationalising AfCFTA and improving the global competitiveness of West African businesses.

She however emphasised that the ECOWAS Parliament must play a central role in translating regional agreements into domestic policies.

She said the Parliament serves as a bridge between regional commitments and national implementation by working with national governments and legislatures to ensure trade policies are aligned with AfCFTA objectives.

In practical terms, she called for: Ratification and harmonisation of trade-related legislation; Adequate budgetary allocations for AfCFTA implementation; Strong oversight of executive compliance; Increased engagement with private sector actors, customs authorities and civil society organisations

Through legislative diplomacy and policy scrutiny, she said the Parliament can help remove regulatory bottlenecks and eliminate non-tariff trade barriers that hinder regional commerce.

Odumegwu-Ojukwu urged delegates to actively participate in deliberations to ensure the session produces practical and actionable outcomes for regional development.

She expressed confidence that the seminar would help strengthen West Africa’s integration agenda and support long-term economic prosperity for the region’s citizens.

As ECOWAS celebrates its 50th anniversary, regional leaders say the focus remains on transforming integration commitments into real economic opportunities for businesses, traders and young entrepreneurs across West Africa.

At a Time of Fracture, Akpabio Frames AfCFTA as West Africa’s Last Best Shield Against Marginalisation

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GOC convoy foils ambush, kills five terrorists, recovers weapons cache in Kebbi

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GOC convoy foils ambush, kills five terrorists, recovers weapons cache in Kebbi

By: Zagazola Makama

A convoy of the General Officer Commanding (GOC), 8 Division and Commander Sector 2 of the Joint Task Force North West Operation FANSAN YAMMA, successfully repelled a deadly ambush near Mayama Hill in Kebbi State, resulting in the neutralization of five suspected Lakurawa terrorists.

The attack occurred as the convoy was en route to visit frontline troops deployed in the state. Armed assailants opened fire from the forested terrain, but the convoy responded swiftly with overwhelming force, foiling the ambush and disrupting the attackers’ plans.

A subsequent sweep of the area led to the recovery of a substantial cache of weapons and materials, including an OJC gun, a PKT gun, two AK-47 rifles, four AK-47 magazines, a bandolier of PKT ammunition, several rounds of 12.7mm ammunition, five motorcycles, two mobile phones, and a camel bag containing ₦840,000.

Troops remain deployed and vigilant in the area to maintain security and prevent further terrorist activity.

Security sources said the operation sent a strong deterrent message to insurgent groups operating in the North West region.

GOC convoy foils ambush, kills five terrorists, recovers weapons cache in Kebbi

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