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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
U.S. Under Secretary of State Allison Hooker Begins Strategic Foreign Visit Including Nigeria, Middle East, and Rome
U.S. Under Secretary of State Allison Hooker Begins Strategic Foreign Visit Including Nigeria, Middle East, and Rome
By: Michael Mike
Under Secretary of State for Political Affairs Allison Hooker has embarked on a week-long diplomatic mission that includes stops in Abuja, Nigeria; Muscat, Oman; Manama, Bahrain; and Rome, Italy from January 21–29, 2026, the U.S. State Department confirmed in a statement this week. 
In Nigeria, Hooker is leading the American delegation and serving as head of the U.S.–Nigeria Joint Working Group—a recently established platform aimed at strengthening bilateral cooperation on security and economic issues. During talks in Abuja, the delegation is expected to discuss strategies for protecting vulnerable communities, enhancing cooperation against terrorism, and expanding U.S. investment opportunities in the West African nation. 
The visit comes at a time of heightened focus on Nigeria’s internal security challenges and international efforts to support peace and stability across the region. Local and international observers have noted ongoing discussions between U.S. and Nigerian authorities on religious violence and security cooperation as part of broader diplomatic engagement. 
After concluding discussions in Nigeria, Hooker’s itinerary moves to the Gulf region, where she will lead strategic dialogues with officials in Oman and Bahrain. These talks are expected to advance cooperation on regional security, economic ties, and cultural exchange, reflecting shared interests between the United States and its partners in the Middle East. 
The final leg of the trip will take Hooker to Rome, where she will meet with counterparts from European governments and international organisations. In Italy, engagements will cover major global priorities including the ongoing Russia-Ukraine conflict, diplomatic efforts toward peace in the Middle East, and developments in Venezuela. She is also scheduled to hold meetings with senior officials from United Nations agencies based in the city—such as the World Food Programme (WFP) and the Food and Agriculture Organization (FAO)—to discuss accountability and oversight of U.S.-funded assistance programs and to explore potential new agricultural trade opportunities for American producers. 
Hooker, who was appointed Under Secretary of State for Political Affairs in mid-2025, oversees key regional and bilateral policy issues and plays a central role in shaping U.S. foreign policy across multiple regions. 
Her current tour underscores Washington’s intent to reinforce diplomatic engagement across Africa, the Middle East, and Europe at a time of evolving geopolitical challenges
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News
WFP Raises Alarm Over Possible Food Aid Cuts as Hunger Deepens in Northern Nigeria
WFP Raises Alarm Over Possible Food Aid Cuts as Hunger Deepens in Northern Nigeria
By: Michael Mike
The United Nations World Food Programme (WFP) has warned that more than one million people in northeast Nigeria could lose access to emergency food and nutrition assistance within weeks due to a severe funding shortfall.
The agency said that without urgent financial support, it will be forced to drastically scale down its operations, limiting assistance to just 72,000 people—an unprecedented reduction in Nigeria. The warning comes amid a sharp rise in violence, displacement, and hunger across the country’s northern regions.
Nigeria is currently facing one of its most serious food security crises in recent years. According to the latest Cadre Harmonisé food security analysis, nearly 35 million people are expected to experience acute food insecurity during the 2026 lean season. In Borno State alone, about 15,000 people are classified as facing catastrophic hunger, the most severe level short of famine and the highest recorded in the state in a decade.
Speaking on the situation, WFP’s Nigeria Country Director, David Stevenson, cautioned that cutting food assistance at this critical time could have far-reaching humanitarian and security consequences. He noted that millions of displaced and vulnerable people depend on food aid for survival and stability.
WFP has operated in northeast Nigeria since 2015, providing food and nutrition support to nearly two million people each year in areas affected by conflict. Beyond emergency relief, the organisation also supports local food systems by purchasing food domestically and helping communities build resilience against future shocks.
However, renewed insecurity has further strained already fragile communities. Over the past four months, about 3.5 million people have reportedly been displaced nationwide, with the majority of them in northern Nigeria. The violence has disrupted farming activities, destroyed food supplies, and pushed malnutrition rates in several states to critical levels.
Despite recent donor contributions that helped sustain operations, WFP said those funds have now been exhausted. The agency warned that if food assistance in displacement camps is halted, many people may be forced to leave in search of survival, potentially migrating to other regions or becoming vulnerable to recruitment by armed groups.
To prevent a complete shutdown of its northeast Nigeria operations, WFP said it urgently needs about 129 million dollars to cover food assistance and related activities over the next six months.
The agency stressed that continued humanitarian support remains a key stabilising factor in conflict-affected areas, helping to prevent further displacement and regional spillover of the crisis.
WFP Raises Alarm Over Possible Food Aid Cuts as Hunger Deepens in Northern Nigeria
News
Kurmin Wali Church Attacks Spark Fresh Calls for Community-Based Forest Guards
Kurmin Wali Church Attacks Spark Fresh Calls for Community-Based Forest Guards
By: Michael Mike
The Northern Christian Youth Professionals (NCYP) have condemned the recent attack on Kurmin Wali village in Kajuru Local Government Area of Kaduna State, describing the incident as a stark reminder of the security gaps in forest-bordering communities across northern Nigeria.
According to reports, armed kidnappers stormed the community, invaded three churches, abducted 169 worshippers, and escaped through nearby forests without encountering resistance. The attack has triggered renewed concern over the vulnerability of rural settlements located close to vast, ungoverned forest areas.
In a statement issued on Thursday, NCYP said the incident underscored the urgent need for a functional and community-driven Forest Guard system. The group argued that if local residents had been trained and deployed as part of a forest security structure, the attack could have been prevented or at least disrupted through early warning and coordination with security agencies.
“The ease with which the attackers operated raises serious questions about the current security framework in forest communities,” the group said, noting that criminal groups often exploit the absence of local resistance to carry out kidnappings and attacks.
While acknowledging the efforts of President Bola Ahmed Tinubu and Kaduna State Governor Uba Sani to address insecurity, the group in the statement signed by its Chairman, Isaac Abrak maintained that recent events show the need to strengthen existing strategies, referencing the federal government’s approval of a Forest Guard initiative but stressed that its success depends on the inclusion of indigenous community members who understand the terrain and live permanently in affected areas.
NCYP further stated that it is unrealistic to expect the military and police to maintain a constant presence in every forest and rural settlement. Instead, it advocated a complementary approach where trained community members support conventional security forces by monitoring forest movements and providing timely intelligence.
The group also linked the urgency of security reforms to the broader political landscape, noting that expectations are high ahead of the 2027 general elections. It urged the federal government to ensure that the Forest Guard initiative is fully implemented in a way that empowers vulnerable communities.
The Kurmin Wali attack adds to a growing list of incidents in Kaduna State and other parts of the North-West, where criminal groups have increasingly targeted rural communities, places of worship, and travellers, often retreating into forests that remain difficult to police.
Security agencies have yet to release an official update on the rescue of the abducted victims or arrests connected to the attack.
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