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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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Yobe: Flood kills 10 in Jakusko
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Yobe: Flood kills 10 in Jakusko
By: Yahaya Wakili
The Executive Chairman of Jakusko local government area of Yobe state, Hon. Umaru Aguwa, has said that about 10 people died in Jakusko local government area as a result of the floods this year.
Aguwa disclosed this to newsmen in his office at Jakusko, the headquarters of the council. He said the council has constructed over 15 canoes and distributed them to the towns that were worst affected by the floods in the local government area.
“We thank God for what is happening because the disaster triggered by heavy rainfall in the area and Dan Takunne village was worst affected by the flood, but no lives were lost but many properties were destroyed.
He revealed that His Excellency, the Executive Governor of Yobe State, Hon. Mai Mala Buni CON, sent us officials of SEMA under the leadership of the Executive Secretary, Dr. Mohammed Goje. We want to go to Dan Takunne village and go round and access the damage because Dan Takunne were swept away by the floodwaters.
“The council also purchased empty sacks and distributed them to all affected areas with a view to controlling the water. Adding that, God, in his mercy, our lucky River Yobe is not overflooding enough this year unlike before, but the floods are almost touching everywhere in Jakusko local government,” he said.
According to him, this disaster triggered is from God, and since the rain fell this year, they didn’t spend good three days without getting water, and everybody knows that this is from Almighty Allah (SWT); therefore, let us pray to God to reward us abondant in his mercy.
The Chairman commends His Excellency, the Executive Governor of Yobe State, Hon. Mai Mala Buni CON, Chiroman Gujba, for his efforts towards assisting the local government councils in the state.
He urges the people to be patient; there is an alternative for irrigation farming, and if people engage fully in this irrigation farming, Inshallah, God will reward us with what we lost at the back.
Yobe: Flood kills 10 in Jakusko
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Zulum Activates Gov’t Machinery to Avert Flood Disaster in Borno
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Zulum Activates Gov’t Machinery to Avert Flood Disaster in Borno
… Borno SSG to Coordinate Emergency Response
By: Our Reporter
Borno State Governor, Babagana Zulum has directed the immediate activation of all relevant government resources and machinery ahead of any possible overflow of water due to the unprecedented high volume of rainfall this year, to avert any flood disaster in Maiduguri, it’s environs and other parts of the state.
Zulum’s directive, released in a statement by his Senior Special Assistant on New Media, Abdurrahman Ahmed Bundi, became imperative due to rising concerns about the possible overflow of the Alau Dam, which recharges Maiduguri city’s water treatment plants for domestic use and irrigation.
The Governor noted with concern that the high volume of rain across parts of the state may possibly lead to flooding.
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Zulum consequently instructed all relevant government agencies and local councils to dutifully discharge their responsibilities by continuously assessing vulnerable areas, implementing preventive measures, and conducting public awareness campaigns across all communities in their domains.
The Governor also cautioned the public to be conscious about the possible risks, be vigilant and abide by all directives from government agencies and constituted authorities on all emergency response protocols.
The Governor directed that all local government councils should mobilise all relevant officials and units to conduct site assessments in at-risk neighbourhoods and collaborate with relevant Civil Society Organisations (CSOs), Community-Based Organisations (CBOs), community and religious leaders, and other opinion leaders and institutions.
He said that government has identified high-risk locations that are prone to flooding, and is implementing solutions such as constructing temporary barriers and establishing emergency evacuation routes.
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“We cannot afford to be complacent in the face of this impending challenge”, Zulum was quoted as saying. “It is imperative that we should mobilize all our resources, engage all stakeholders across communities, and implement effective measures to safeguard our people.”
“We have a standing committee to mitigate flooding; which, has in the past evacuated and led to the construction of more drainages in different parts of the state. I have instructed more measures to avert any emergency health epidemic. We have also established the Agency for the Great Green Wall.”
“We have also desilted, dredged and constructed concrete retaining walls around River Ngada to avert erosion that could possibly lead to flooding of Maiduguri and its environs.”
“As part of the long-term measure, we intend to construct structures to harvest water for irrigation and embark on soil conservation, including reinforcement at the river banks and desilting of river Ngada to allow free passage of water.”
… Borno SSG to Coordinate Emergency Response
Meanwhile, the Secretary to the Borno State Government, Alhaji Bukar Tijani, is coordinating the flood emergency responses to ensure the Governor’s directives are fully implemented to ensure the safety of all residents.
The SSG has visited Alau Dam, Gongulong, Gwange, Farm Center, 505 Housing Estate and several other locations within the metropolis and environs to assess the situation and provide the necessary guidance to avert collosal damage from any possible flooding.
Many Nigerian states, including in the North-east have experienced flood disasters this year, which have been attributed to the unprecedented volume of rainfall this season.
Zulum Activates Gov’t Machinery to Avert Flood Disaster in Borno
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COAS EMBARKS ON WORKING TOUR OF 17 BRIGADE, CHARGES TROOPS TO UP OPERATIONAL TEMPO, CONDOLES THE YAR’ ADUAS, KATSINA GOVERNMENT
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COAS EMBARKS ON WORKING TOUR OF 17 BRIGADE, CHARGES TROOPS TO UP OPERATIONAL TEMPO, CONDOLES THE YAR’ ADUAS, KATSINA GOVERNMENT
By: Our Reporter
The Chief of Army Staff (COAS) Lieutenant General Taoreed Lagbaja has embarked on a working tour of 17 Brigade Area of Responsibility in a deliberate effort to access and reinvigorate ongoing counter-terrorism counter-insurgency operations in North West Nigeria.
The COAS, who arrived at the Headquarters 17 Brigade in Katsina with a team of principal staff officers from the Army Headquarters on Friday 6 September 2024, immediately received a brief on the security situation and operational disposition of the Brigade by the Commander, Brigadier General Babatunde Omopariola.
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Addressing the troops, the COAS stated that in pursuit of his Command Philosophy to provide efficient leadership, sound administration, and operational effectiveness, the Nigerian Army (NA)has initiated several welfare schemes to shore up the morale of troops by progressively improving the living standard and condition of personnel and their families.
He clarified that the attainment of these goals have been tenaciously pursued by commencing the payment of the backlog of Group Life Assurance scheme that had accumulated since 2017, as well as the Personnel Accident Insurance Scheme to NA beneficiaries.
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Gen Lagbaja also pointed out that the NA has introduced the Affordable Housing Options for all Soldiers (AHOOAS) post service Housing scheme to provide highly subsidized post service residential accommodation for personnel alongside ongoing massive rehabilitation of medical facilities, Barracks and infrastructure across NA formations and units in the country.
He added that the NA has initiated COAS Loan Schemes to economically empower personnel and their families. These he maintained are aside provision of several combat enablers to troops to enhance operations against the terrorists. He charged the troops to rise up to the security challenges in the region and go after the insurgents in their hideouts.
Gen Lagbaja also took time out to visit sick soldiers and their families at the 17 Brigade Medical Centre, where he gave immediate directive for installation of some essential medical equipment in the center. He later laid a wreath in honour of troops who paid the supreme price in the fight against terrorists and bandits at the 17 Brigade Headquarters Cenotaph.
Meanwhile, the Governor of Katsina State Dr Dikko Umar Radda has stated that security has progressively improved in the state with the return of farmers to their farmlands.
The Governor made this known when he received the COAS in the Katsina state Government house during a courtesy cum condolence visit to the Governor. The Governor noted further that the state has witnessed a reduction in the menace and farmers are returning to their farms.
He attributed the development to the synergy and joint effort of all the security agencies. Governor Dikko appealed to the communities not to relent in supporting the troops with credible information, stressing that without the cooperation of the communities, the ongoing operations will not succeed.
The COAS had earlier in his remarks pointed out that he was on an assessment tour of ongoing operations, state of infrastructure and Civil-Military Cooperation activities in the Brigade.
He expressed appreciation to the Government and people of Katsina state for their support to the NA and particularly to troops of 17 Brigade. The COAS equally paid a courtesy call on His Royal Highness Alhaji Dr Abdulmumuni Kabir Usman, Emir of Katsina, where he acknowledged the critical role of the traditional institution in mobilizing the people to support the troops in order to completely stamp out security threats and challenges.
Also in Katsina, the COAS has described the passing of Hajiya Dada Yar Adua as a loss of one of the legendary and virtous matriarchs of the Nigerian Army family.
Gen Lagbaja made this known when he paid a condolence visit to the Chairman Senate Committee on Army, Senator Abdulazeez Yar Adua and other members of the bereaved family during his working tour of 17 Brigade.
The Army Chief noted that officers and soldiers of the Nigerian Army share in the grief and pains of the Yar Aduas as a family that gave two illustrous sons to the Nigerian Army.
He prayed for God to grant the family and the people of Katsina the fortitude to bear the irreparable loss.
COAS EMBARKS ON WORKING TOUR OF 17 BRIGADE, CHARGES TROOPS TO UP OPERATIONAL TEMPO, CONDOLES THE YAR’ ADUAS, KATSINA GOVERNMENT
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