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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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UN Expresses Deep Pains Over Schoolgirls Abduction in Nigeria
UN Expresses Deep Pains Over Schoolgirls Abduction in Nigeria
…Calls for Gender Equality and Empowerment
By: Michael Mike
The United Nations (UN) has expressed deep pain over school girls abductions in Nigeria.
UN Women Deputy Executive Director, Nyaradzayi Gumbonzvanda who was in Nigeria on official visit at the weekend while expressing the concern of the international body over the continued kidnappings in schools in the country, also called for gender equality, the empowerment and rights for all women and girls in Nigeria.
Gumbonzvanda said she personally feels the pains as a mother of what the abducted children are going through.
She said: “And at the outset, to also express as a mother, as a leader, my deep pain with the abductions that we still continue to see of our daughters. I needed to express that at the outset.
“I therefore join my voice to call for the release of the abducted daughters of this nation. As a mother, I even feel my stomach churning when I wonder, what did she eat today? Where did she sleep tonight? Was she inappropriately touched? What are her fears and her traumas? And I also think of her community, their communities, and their families. And therefore reaffirm that every girl must have a right and does have a right to security and to education.”
She added: “Violence against women and girls remains pervasive in this country, Nigeria, with the abductions that I have mentioned and the attacks on schoolgirls highlighting the urgent need for safety in schools, safety in our homes, in our communities, and online.”
She explained that “This is critical because globally, nearly one in three women experience physical or sexual violence in their lifetime.”
Gumbonzvanda also decried the alarming rate of Technology-Facilitated Gender Based Violence, calling for proper protections for the girl child.
She said: “A critical area of concern remains technology-facilitated gender-based violence, which is rising globally and nationally. Between 16 percent and 58 percent of women worldwide experience some form of online or technology-facilitated gender-based violence, depending on the region.
“Globally, one in three women experience physical or sexual violence. And technology-facilitated abuse affects up to 58 percent of women, according to our UN Women data of 2022.”
The UN Women official also noted that UN Women is supporting the governments and stakeholders in strengthening the policy frameworks, enhancing digital safety, and promoting accountability for online harms.
She however stressed the importance of a legal framework to address the menace.
According to her: “Effective legal frameworks and inclusive governance are essential to reversing this trend. My discussion with ambassadors accredited to Nigeria also underscored the importance of enhanced regional cooperation and particularly across the Sahel and West Africa, where women’s leadership and peace-building efforts are indispensable for stability and for sustainable development.”
Gumbonzvanda commended the Nigeria’s National Assembly’s strong commitment to strengthening legislation that protects women and girls in advancing measures that expand women’s participation in governance.
She also commented on women’s representation at the National Assembly which stood at 3.8 percent, far way below the global average of 27.2 percent according to the Inter-Parliamentary Union data of 2025.
She urged the country to adopt the “Legislative reforms such as affirmative action, such as quotas, and the proposed special seats which are globally recognised to accelerate women’s participation.
She said: “These measures are not just there to strengthen democracy, but also to ensure rule of law in that budget reflects the needs of half of the population.”
She therefore sees the ongoing debate on the special bill as positive, stating that: “Therefore, I am really excited to be here in this country, as the country engages deeply and boldly and confidently on the special seats bill. And I’m looking forward to the day when it will be passed. I do, in every country, because also as the UN, special measures are part of standards, are part of international standards.
“And equally, we have SDG 5 on women in decision making, which aims for gender parity by 2030. So the efforts in Nigeria are a good progressive approach towards that goal. Economic empowerment is vital for sustainable development.”
On the need to empower women, Gumbonzvanda stressed that women make up over 70 percent of Nigeria’s agricultural labour force, yet face barriers to land, to credit, to markets.
She noted that: “Gender responsive budgeting and investments in women farmers and entrepreneurs can unlock growth and resilience. Closing gender gaps in labour participation could add up to 12 million to global GDP by 2025, according to the data from McKinsey, proving that empowering women is smart economics.
“Empowering women economically is not charity. It is innovation, it is development, it is a benefit that extends the entire community. Some of us are sitting here because our mothers in the rural areas were empowered to be able to send their goats to market and be able to pay school fees, that we’re able to give soap and sugar, because our mothers were able to get a little bit of income in the family.
“So economic empowerment is not just about the national economic data. It’s about life, everyday life in our communities. To sustain and scale progress, predictable and innovative financing is essential.”
Speaking on her visit, which is the first to Nigeria, the UN official said it was to deepen partnership, reinforce national leadership, and accelerate collective action to advance gender equality, the empowerment and rights for all women and girls in Nigeria.
She noted that the visit has allowed her to witness the tangible impact of UN Women’s Working Communities.
Gumbonzvanda said: “ Over the past days, I have engaged with various stakeholders and partners. I’ve engaged with the members of the National Assembly, the diplomatic partners, the United Nations country team, civil society organisations, and community women who are driving progress at the very, very grassroots level.”
She also narrated her experience in Kwali, a community in the Federal Capital Territory, where she joined the women to peel cassava and also to partake in processing it into flour (food), saying “ and how we enjoy it with Ogusi soup. It was a very important experience for us to see how we can actually do agro-processing in communities, but to understand what it takes and what is needed to provide that transformation that is needed.”
She also revealed that the targeted investments to improve women’s lives in agro-processing is very important.
“It was also very clear that the investments to improve economic empowerment at community level would reduce the time burdens, would expand income-generating opportunities, and would also unleash the potential of women,” she said.
She explained that: “Globally, access to safe water and sanitation reduces the time women spend on unpaid care work. This is so important for us that we invest in water and sanitation.
“And that when women have greater access to water and sanitation, it enables them greater participation in economic activities.
“These are practical examples of how empowering women strengthens communities and enhances resilience as we turn policy into lived experiences in our communities.
“At the UN system, I have interacted with our colleagues in the UN system and have reiterated UN Women’s commitment to coordinated multi-sectoral action, particularly on gender-based violence prevention, on women’s economic empowerment, and on advancing the women’s peace and security agenda in Nigeria.”
She assured Nigeria women that the “UN Women will continue to mobilise partnership across governments, development partners in the private sector, to ensure that front-line organisations and national institutions have the resources required to deliver lasting change. Nigeria has demonstrated strong leadership and a clear commitment to advancing the rights of women and girls. UN Women stands ready to continue to support these national efforts, working with all partners in translating commitments to measurable transformation results.”
UN Expresses Deep Pains Over Schoolgirls Abduction in Nigeria
News
VP Shettima Departs Abuja For Abidjan To Represent President Tinubu At Alassane Ouattara’s Inauguration
VP Shettima Departs Abuja For Abidjan To Represent President Tinubu At Alassane Ouattara’s Inauguration
By: Our Reporter
Vice President Kashim Shettima has departed Abuja for Abidjan, Cote D’Ivoire, to represent President Bola Ahmed Tinubu at the inauguration of Mr. Alassane Ouattara for a fourth term in office as President of that country.
Senator Shettima is expected to join other leaders across Africa and beyond to witness activities lined up for the swearing-in ceremony scheduled to hold on Monday December 8, 2025 at the Presidential Palace in Abidjan.
Quatara was re-elected for a fourth term in office on October 25, 2025 as President of Côte d’Ivoire, a West African country that shares cordial diplomatic ties with Nigeria.
Both nations collaborate significantly within ECOWAS and the African Union on security, trade, and development, formalized by a Bi-National Commission and numerous agreements covering areas like anti-trafficking, agriculture, and digital economy, with strong informal trade and significant Nigerian diaspora in Côte d’Ivoire, fostering deep bilateral economic and social connections.
The Vice President is accompanied by HE Omar Aliyu Touray, President of ECOWAS Commission; Senator Abubakar Sani Bello, Chairman, Senate Committee on Foreign Affairs and Hon. Usman Zannah, member representing Kaga/Gubio/Magumeri Federal Constituency in the House of Representatives.
The Vice President is expected back in Abuja at the end of the inauguration ceremony.
VP Shettima Departs Abuja For Abidjan To Represent President Tinubu At Alassane Ouattara’s Inauguration
News
Nigeria deploys fighter aircraft to Benin Republic as coup unfolds
Nigeria deploys fighter aircraft to Benin Republic as coup unfolds
By: Zagazola Makama
The Nigerian military has deployed fighter aircraft to the Benin Republic following Sunday’s military coup that toppled President Patrice Talon, reliable security sources have confirmed.
The aircraft, which took off from Lagos earlier on Sunday, were sighted operating within Beninese airspace as Nigeria intensifies surveillance and monitoring of the rapidly evolving political and security situation in the neighbouring country.
Sources told Zagazola Makama that the deployment is part of Nigeria’s precautionary measures to assess regional security implications and protect its national interests amid uncertainty in Cotonou.
“The aircraft have already arrived in Benin Republic. Nigeria is closely monitoring developments and evaluating potential risks,” one senior security official said, noting that the move was not an offensive operation but a strategic response to unfolding events.
The takeover in Benin was led by Lt. Pascal Tigri, who announced the dissolution of state institutions and assumed full military control. The coup adds to the growing list of unconstitutional government changes in West Africa, raising concerns over regional stability.
The coup leaders in Benin, the Military Committee for Rebuilding, issued the following statement: The November 2025 constitution has been suspended, all institutions have been dissolved, political parties’ activities have been suspended until further notice· Benin’s land, sea, and air borders are closed until further notice.
Nigeria shares a long and porous border with Benin, making political instability in the country a direct security concern for Abuja.
As of the time of filing this report, the Nigerian government has not issued an official statement, but military sources said surveillance will continue “until the situation becomes clearer.”
Nigeria deploys fighter aircraft to Benin Republic as coup unfolds
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