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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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Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate

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Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate

By: Zagazola Makama

Reckless disclosure of sensitive intelligence, surveillance and reconnaissance (ISR) operations by social media users has compromised ongoing counter-terrorism efforts in the Lake Chad region, forcing Islamic State West Africa Province (ISWAP) fighters to relocate from monitored locations, reliable security sources told Zagazola Makama.

The social media handler had posted that the United States Air Force ISR aircraft, which has flown missions over the Lake Chad basin for three consecutive days, again returned on Saturday to conduct surveillance on ISWAP’s “Mantiqah Krinwa” in northern Borno. The aircraft, as with previous sorties, was tracked taking off from Accra, Ghana.

The operational gains, however, were undermined when a social media handler, identified as Brant Philip on Twitter (X), published the real-time flight paths and details of the ISR operations that were expected to remain covert.

The sources said that although ISWAP fighters were not recently concentrated in Krinwa, the ISR media leaks had unsettled the group, prompting a tactical movement from Dogon Chikun to Bulabulin in an apparent attempt to avoid potential air interdiction in identified locations.

“Once the details of the ISR mission were posted online, the terrorists became aware of the surveillance and began repositioning. These kinds of leaks directly endanger operations and personnel,” a security source said.

Another source noted that online exposure of such highly sensitive military activity compromises not only Nigerian security efforts but also partner operations.

“People on social media must understand that sharing operational intelligence, especially in real time, is not content, it is sabotage. Terrorists monitor these platforms too,” the source added.

Social media users, bloggers and open-source enthusiasts must exercise restraint and avoid amplifying sensitive information that could compromise missions, or empower terrorist networks.

Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate

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Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade

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Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade

By: Zagazola Makama

The death toll from Friday’s multiple motor accident in Katsina-Ala, Benue State, has risen to nine, while four injured victims are currently receiving treatment in hospital, officials have confirmed.

The crash, which occurred on the Katsina-Ala axis, involved several vehicles after an alleged deliberate obstruction of the expressway by two members of the National Union of Road Transport Workers (NURTW).

Sources told Zagazola Makama that the two drivers – Stephen Kahungur, of Gbor community, who drove a Toyota car with registration number Benue MKD 569 TJ, and Saater Vihiga, of Ammafu Village, who drove a Toyota Carina with registration number Benue AX 896 MKD – were arrested for allegedly blocking the highway and causing the fatal chain collision.

Also arrested was the Chairman of the NURTW Katsina-Ala branch, Aja Vanger, who was said to have mobilised the suspects to block the road.

The three suspects are currently in custody.
Authorities say investigation into the circumstances surrounding the obstruction and the fatal crash is ongoing.

Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade

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Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara

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Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara

By: Zagazola Makama

Operatives of the Scorpion Squad have arrested two notorious kidnappers and armed robbers in Zamfara State and recovered three suspected stolen vehicles.

The operation, coordinated by ACP Victor O. Godfrey, was carried out on Nov. 25 following what security sources described as actionable digital reconstructive intelligence.

The suspects, Dalhatu Bashiru (aka Yellow), 38, and Chidiebere Nwadigo Emmanuel, 34, both ex-convicts, were apprehended for their alleged involvement in multiple kidnapping and car-snatching operations across several states.

Recovered from the suspects were: A black Toyota Corolla, Reg. No. JUX 578 AA, A grey Toyota Corolla, Reg. No. JUX 890 AA, an ash-coloured Toyota Camry (Pencil Light), Reg. No. APR 459 AE

According to sources, the suspects confessed to participating in several high-profile criminal operations, including the Jan. 18, 2024 abduction of Mr. Segun Akinwumi O. near Rita Lori Hotel, Garki, Abuja.

In that incident, the victim was kidnapped from his residence and taken toward Kano. While en route, the gang allegedly dispossessed him of his ATM cards in Kaduna, where ₦500,000 was transferred from his bank account.

Luck ran out for the gang after they were intercepted at a filling station in Kaduna. Three members escaped, but Chidiebere, Dalhatu (Yellow), and another suspect, now at large were identified. Their accomplice, Chinanza Philip Okoye Michael, was arrested, the victim rescued unhurt, and his vehicle recovered.

Investigations further revealed that the arrested suspects had previously been apprehended in November 2023 for similar offences and arraigned at the High Court, Kwali, but allegedly returned to crime while on court bail.

Police operatives also recovered three Beretta pistols from the suspects.

Security authorities said the suspects confessed to snatching over 20 exotic SUVs within Abuja.

Efforts are ongoing to apprehend the remaining fleeing suspect.

Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara

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