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[OPINION] If Tinubu’s Hard Decisions Are For Good, Let The Leaders Also Tighten Their Belts - Isaac Asabor
President Bola Ahmed Tinubu’s visit to China has been portrayed as a significant move towards shaping the future of Nigeria's economy. One of the key takeaways from the trip is that the hard decisions his government has so far taken since May 29, 2023, such as subsidy removal which he literarily announced on the day of his inauguration as president by saying “Subsidy is gone”, and currency devaluation on assumption of office, are intended for the greater good of the country. These measures are positioned as critical steps toward revamping Nigeria’s financial stability, creating long-term benefits, and promoting sustainable development.
To buttress the foregoing viewpoint, it is explanatory to recall that President Bola Ahmed Tinubu in Beijing said he was ready to take the hard decisions to move the nation forward, adding that it is not always easy for a leader to have a national consensus on issues.
However, while these tough choices are being enforced, it is essential that the leadership also takes on the responsibility of tightening their own belts. Nigerian citizens are being asked to make sacrifices, even as they face the brunt of the current economic hardship, with inflation skyrocketing and daily essentials becoming increasingly unaffordable. If the Tinubu government is serious about reviving the country’s economy, it must ensure that those at the top lead by example.
The reason for urging Nigerian political leaders to lead by example cannot be farfetched as it is unarguable that in times of national austerity that nothing could be more counterproductive than government officials maintaining an extravagant lifestyle, while the masses are called to endure economic hardship. For Nigerians to buy into the narrative that these tough measures are truly for their benefit, they need to see evidence of leaders walking the talk.
In fact, austerity should not only be reserved for the common man. The Nigerian populace deserves to see their leaders experience some of the same sacrifices they are being asked to make. This could mean cutting down on lavish government spending, reducing the perks enjoyed by public officials, and reining in the ostentatious lifestyle often flaunted by those in power.
During Tinubu's China visit, he would have observed how that country’s leadership, particularly during critical periods of reform, embraced austerity measures themselves. Chinese leaders exhibited a sense of shared sacrifice with their citizens, which helped strengthen public trust in the government’s vision. Nigeria’s leaders should take a page from this playbook.
In fact, the need for public officials to show solidarity in times of hardship cannot be overstated. Nigerians are keen observers, and they recognize when their leaders are out of touch with the realities on the ground. A government that is seen as disconnected from the people’s struggles is more likely to face public backlash and skepticism.
If Tinubu and his administration are genuine in their quest to revamp the economy, they must commit to belt-tightening across all levels of leadership. Therefore, government can demonstrate few practical steps in that direction by reducing its convoy. The sight of long, luxury convoys accompanying politicians has become synonymous with excess and privilege. A reduction in such displays would signal that the government is serious about cutting waste.
Trimming the salaries and benefits of politicians and public officeholders in Nigeria is no doubt a step towards cutting cost of governance. A significant reduction in these perks, along with transparent disclosure of earnings, would show a willingness to share in the sacrifices being demanded of ordinary Nigerians.
Also, there is the need for the limitation of foreign trips and luxury spending. Given the foregoing backdrop, it is not a misnomer to suggest that frequent foreign travels, especially for non-essential reasons, must be curbed. While international relations are important, unnecessary trips at taxpayers’ expense in times of economic hardship send the wrong message.
In fact, Nigerian political leaders must lead by example. This can be done by demonstrating an austere lifestyle in times of economic turmoil, just as presently being experienced. In the face of Nigeria's ongoing economic challenges, one fundamental question remains unanswered: Are our political leaders truly in touch with the reality of the hardship facing the masses? While millions of ordinary Nigerians grapple with skyrocketing inflation, unemployment, and the ever-increasing cost of living, it seems as though the nation’s leadership class is insulated from the economic turmoil gripping the country. This disconnection raises an urgent need for political leaders to lead by example through the demonstration of an austere lifestyle.
Without any scintilla of hyperbole, Nigeria is facing one of its toughest economic periods in recent history. According to the National Bureau of Statistics (NBS), inflation reached an all-time high in 2023, with prices of food, fuel, and essential services becoming unaffordable for many. The removal of fuel subsidies has worsened the situation, leaving citizens with the daunting task of navigating these harsh economic realities with little relief in sight. Yet, despite these difficult conditions, political leaders continue to live lives of opulence, funded by taxpayers who are barely surviving.
From fleets of luxury cars to extravagant overseas trips and ostentatious personal expenses, Nigeria’s political elite has shown little sign of embracing an austere lifestyle that reflects the harsh times. The public sees these extravagant expenditures and wonders how leaders can convincingly address the economic crisis while being so far removed from the struggles of the average citizen.
Extravagant spending by the presidency under Tinubu's administration has sparked widespread criticism in a country already grappling with economic hardships. Amid rising inflation and poverty, reports of lavish expenditures by the presidential office have fueled public discontent. Critics argue that the president’s office, along with other government bodies, has indulged in excessive spending on non-essential projects and luxuries, diverting funds from critical areas like education, healthcare, and infrastructure. This comes at a time when most Nigerians are struggling to afford basic necessities, leading to heightened frustration.
One glaring example of this extravagance is the budget allocated for the presidential fleet, security, and renovation of government buildings. Despite promises of austerity and responsible governance, the administration has continued to allocate significant funds to maintain the lifestyles of top officials. This includes multi-billion naira contracts for refurbishing presidential residences and excessive travel expenses for international trips, which have raised questions about priorities and the tone it sets for public office holders. Such practices contrast sharply with the administration's narrative of economic recovery and fiscal discipline.
The impact of these extravagant expenses extends beyond mere optics. It undermines public trust in the government’s ability to manage resources prudently and to empathize with the plight of ordinary citizens. While the presidency has defended these expenditures as necessary for governance, many Nigerians view them as out of touch with the economic reality on the ground. With increasing calls for transparency and accountability, the administration faces pressure to reconsider its spending habits to avoid further alienating an already disillusioned populace.
In times of economic downturn, a true leader should not only acknowledge the crisis but also take visible and meaningful steps to share in the sacrifices of the people. To restore public trust, Nigerian political leaders must demonstrate that they are willing to tighten their belts just like the citizens they serve. This can be done in several practical ways.
The reason for the foregoing cannot be farfetched when political leaders visibly adopt an austere lifestyle; it sends a powerful message to citizens: we are in this together. It shows that leadership is not about privilege but about service, and that even the highest offices in the land are not exempted from the sacrifices required to rebuild the economy. This could lead to increased public confidence and a renewed sense of unity in overcoming the nation’s economic challenges.
Moreover, demonstrating austerity at the top can inspire better management of resources across all sectors of society. If leaders embrace frugality and accountability, it could encourage public institutions and private businesses to follow suit, leading to a more responsible and efficient use of national resources.
Nigeria’s economic crisis demands much more than rhetoric and promises. It requires real leadership that is empathetic and connected to the struggles of the masses. Political leaders can no longer afford to live in luxury while millions of Nigerians suffer. Leading by example through an austere lifestyle is not only a symbolic gesture but a necessary step towards bridging the growing gap between the leaders and the led. The time has come for our leaders to show that they are ready to make the same sacrifices they expect from the people, and in doing so, they will be better equipped to steer the nation towards economic recovery.
[PRESS RELEASE] NNPC Ltd Not the Sole Offtaker; Market Open to Lower Prices from Any Domestic Refinery
The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian
National Petroleum Company Limited (NNPC Ltd). Specifically, MURIC asserts that recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower
prices and that NNPC Ltd has become the sole offtaker of all products from the refinery.
To set the records straight, NNPC Ltd wishes to further state as follows:
- The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd (DRL), is determined by global market forces.
The recent changes in PMS prices have no impact on the DRL or any other domestic refinery's access to the Nigerian market. In fact, if current prices are perceived as high, it presents an ideal opportunity
for the refinery to sell its products at lower prices in the Nigerian market.
- Furthermore, we emphasize that there is no guarantee of lower prices associated with domestic refining compared to any global parity pricing framework, as confirmed by the DRL. The NNPC Ltd will only fully offtake PMS from the DRL if the market prices of PMS are higher than the pump prices in Nigeria. The DRL and any other domestic refinery are free to sell directly to any marketer on a willing buyer, willing seller basis, which is the current practice for all fully deregulated products. NNPC Ltd has no desire or intention to become the distributor for any entity in a free market environment, and therefore, the notion of becoming a sole offtaker does not arise.
- The NNPC Ltd cannot undermine a business in which it holds a billion dollar stake. 4. As an advocacy group for fair and just treatment, MURIC should have verified the facts before making statements that are entirely flawed and has the potential to incite ordinary Nigerians against the NNPC Ltd.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd
Edo suspends school resumption over hike in fuel price
The Edo State Government has announced an indefinite postponement of resumption of all schools in the state over the hike in fuel price.
The government announced this in a memo by the Permanent Secretary in the Ministry of Education, Ojo Akin-Longe, in Benin on Saturday.
“An official statement from the government has directed that schools remain closed due to the tension arising from the recent increase in fuel prices and the challenges faced by parents and guardians.
“The government urges parents, guardians, and caregivers to monitor the activities of their children and wards closely, given the current situation and the rising tension caused by the fuel price hike,” Akin-Longe said.
(NAN)
[OPINION] APGA crisis: The subterfuge, intrigues and way forward - Law Mefor
In politics, propaganda is a powerful weapon. False information is readily pushed down the throats of the gullible masses and presented as fact. This occurs more frequently when parties to a case give conflicting interpretations of court orders or judgements on political issues after the courts render even unambiguous decisions.
This is evident in the current macabre dance within the All Progressives Grand Alliance (APGA), where Chief Edozie Njoku claims to have convened a convention in Owerri, in 2019, to elect himself as the party’s national chairman. Despite not being a member of the party’s executives or NEC—the formal body of the party with the authority to call an APGA election convention, he and his allies nevertheless claim they organised a party convention.
Edozie Njoku has been trying to establish his legitimacy as the national chairman of the APGA as well as the convention he held in Owerri in 2019. However, he is yet to be recognised by a Nigerian court. In any case, the party constitution, which caps the tenure of the party executives at four years, would have caused his tenure to expire by effluence even if he had been lawfully elected. Either way, Edozie Njoku shouldn’t be in the equation were it not for the strange politics in the party.
Njoku has persisted and somewhat succeeded in swaying the sympathy of some by claiming that Barr Sly Ezeokenwa, the newly elected national chairman of the APGA, is not the real APGA chairman, clinging on to the mention of his name in a completely different matter by the Supreme Court. What’s more, no court in Nigeria has affirmed Njoku’s status as the national chairman of the APGA.
Again, the supreme court could not have upheld Njoku as national chairman since that decision was never at question before the apex court in the first place. Courts are not Father Christmas. Further adding to the confusion was the electoral body, which inexplicably listed Edozie Njoku on the INEC website as national chairman of APGA. However, it gave the reason for doing so as “court order.” The question then is: which court ruling directed INEC to do so since fact checks show none exist?
The lack of a requisite court order or judgement requiring Njoku’s recognition by INEC compelled Sly Ezeokenwa, the national chairman of the APGA, and the party to sue INEC so as to produce the court order that Njoku’s recognition as APGA national chairman by it was based on. As it stands, INEC was also misled.
This is aside from the three appeals (CA/ABJ/PRE/ROA/723MI/2024, 2. CA/ABJ/PRE/ROA/CV/728MI/2024, and 3. CA/ABJ/PRE/ROA/CV/870MI/2024) resulting from multiple cases on the APGA crisis heard together in Abuja on 5th September, which gave Sly Ezeokenwa, the national chairman, and the party the leave to appeal to the Supreme Court to resolve any doubts about whether the highest court had ever upheld Edozie Njoku’s position as APGA national chairman. The response is either yes or no. All is now ready for the Supreme Court to provide clarification on its ruling from October 14, 2021, where the error in name was committed, and the implication of the subsequent correction made by the same Supreme Court on March 24, 2023.
Also crucial is that the party suffers and bleeds while this APGA crisis lingers. The blackmailing even extends to Professor Chukwuma Soludo, the party’s national leader and governor of Anambra State. Despite the fact that the matter is in court and that Edozie Njoku’s legitimacy has not been confirmed by any Nigerian court, Chief Chekwas Okorie, the former national chairman of the APGA who left the party to run for president of Nigeria in a different party, is requesting that Governor Soludo be disciplined for failing to uphold Njoku as APGA national chairman.
Chekwas, in the press conference, reaffirmed himself to be the founder of the APGA and accused Soludo of aiming to destroy the party. Nigerian politics is really murky. Why Chekwas didn’t make peace and bring together the factions is curious and partisan. One watched Chekwas’ news conference with bated breath, hoping to see what attempts he had made to resolve the crisis, but nothing. Good leaders are recognised for their ability to unite aides rather than picking sides like Chekwas did.
In the meantime, APGA faces two critical elections in November (LG elections) and 2025 (gubernatorial election), while men such as Edozie Njoku and Chekwas Okorie are sowing further seeds of division and instability within its ranks. Instead of putting up a united front with Sly Ezeokenwa and the party to face these elections, the Njoku group is putting a lot of effort into undermining the process as if working to guarantee the party’s defeat. Their way or the highway, it seems to be.
Their actions resemble those of the biblical woman who requested that King Solomon divide the contentious child. But which normal or honest mother would call for her own child’s death in order to get even with the other woman who is the child’s true mother, knowing that the child would die if that step were to be taken?
The APGA’s current state of affairs and the potential consequences for the party’s existence as a 3rd force—a position that the Labour Party has since supplanted—are quite depressing. While certain alternatives are conceivable, none are favourable to the party, if truth be told.
Even though Soludo doesn’t back down from a fight, as the incumbent governor, he has the right to leave APGA. The All Progressives Congress (APC) or his former party, the Peoples Democratic Party (PDP), will gladly accept him back, and this will put any of them in a firmer stead to win the upcoming Anambra governorship election.
If Soludo were to choose such a drastic course of action, where else would that leave Edozie Njoku, Chekwas, or APGA, if not in an empty shell? Party stakeholders ought to encourage them to regain perspective, lest the All Progressives Grand Alliance (APGA), which was once the third force, suffer irreversible damage. If this happens, but God forbid, it’s Edozie Njoku’s fault. He brought forth a faction when none should have been by holding a convention in violation of the APGA constitution and proclaiming himself national chairman and wouldn’t even wait for the courts to affirm him. People like Chekwas are also fomenting this conflict and need to retrace their steps if indeed they mean well.
Dr Law Mefor, an Abuja-based forensic and social psychologist, is a member of the All Progressives Grand Alliance (APGA). He can be reached via This email address is being protected from spambots. You need JavaScript enabled to view it. and on Twitter: @Drlawsonmefor.
[OPINION] NNPC: From monopoly to monopsony - Etim Etim
Very few business organisations are as lucky as NNPCL, Nigeria’s state-owned oil company founded over 50 years ago. Since its founding, the corporation has consistently failed to perform its basic functions and meet its organisational objectives; and rather than being liquidated or put up for sale for these failures, NNPC routinely undergoes some form of moulting, shedding its skin and assuming a new look. The façade might look brilliant, but it’s only skin-deep.
NNPC was founded about the same time, or earlier than successful global state-owned oil companies like Saudi Aramco, owned by Saudi government; Petronas (Malaysian government; Equinor ASA (formerly Statoil, owned by Norway) and Petrobras, owned by Brazil.
While these other ones have grown into transnational giants with oil fields and refineries across the globe, NNPC has become a cesspool of corruption, incompetence and decadence. But the corporation is very adept at playing games and worming itself into the heart of politicians, just to stay alive. This month, the government changed its status as a monopolist, responsible for sole importation of petroleum products, to a monopsonist, the sole buyer of Dangote Refinery’s petrol. NNPC is the ultimate amoeba of Corporate Nigeria, and the implications are worrisome.
It was Aliko Dangote himself that announced that the federal government had mandated the NNPC to be the sole off-taker for petrol from his refinery. It has many implications for availability and pricing of the product. After many years of operating as an inefficient, corruption-ridden monopolist, exclusively importing fuel for years, the corporation has just turned into a monopsonist – a single buyer of Dangote’s petrol. In many economies, monopolies enjoy high profits and sometimes efficiency due to lack of competition, but in the case of NNPC, Nigerians were served with persistent fuel scarcity; inefficient business models and opacity in operations.
If the corporation could not deliver imported fuel to Nigerians, what’s the guarantee that it will manage the distribution of Dangote petrol without hiccups? How did NNPC incur a $6 billion indebtedness to its offshore petrol suppliers when its local customers were even paying in advance for the products? This indebtedness has cut off petrol supplies into the country and led to the acute scarcity we have today. What is the guarantee that NNPC will not owe Dangote and mess up fuel distribution in the country?
The inefficiencies inherent in its operations would greatly impede NNPC’s capacity to purchase and distribute products to other retailers. How would the transactions be funded? Credit sales? Bank credit? IOUs? Is the corporation credit worthy? Note that the Dangote Group is still indebted to the tune of about $3 billion to some Nigerian banks, being part of the loans secured to fund the construction of the complex.
Can the Group therefore afford to be further weighed down with an indeterminable exposure to a dysfunctional state enterprise? In its 2023 audited annual report, the corporation announced that it spent a whopping N7 billion on unspecified items lumped as ‘’others’’, while N10 billion was spent on NNPC Foundation. What constitutes the ‘’others’’? Such opacity is not permitted in modern business practices driven by good corporate governance.
As a sole off-taker, NNPC has become a major determiner of petrol price at fuel stations across the country. This is why Dangote could not announce the price at which his product would be sold at the pumps. ‘’That depends on NNPC’’, he told reporters last Monday when asked the retail pump price, adding, ‘’the federal executive council has asked the NNPC to determine the price’’. In other words, the country is still in a situation in which the government, instead of the market, remains the fixer of petrol price. That puts the Tinubu administration in a bind, with the immediate consequence being that the government will continue to face the wrath of labour unions whenever prices move up.
Petrol subsidy was expected to die a natural death as full deregulation kicks in once the Dangote Refinery commences production. The government was expected to completely hand off price-fixing duties; and allow the regulators to oversight the business, the way the CBN manages the banking industry. But since NNPC is still involved as a buyer’s monopoly (another name for monopsony), the refinery might be ‘squeezed’ to settle at a controlled price. Alternatively, the government may continue to subsidize the product – buy high from the refinery and sell lower to Nigerians.
Either way, a pricing dispute between the refinery and NNPC is inevitable, and that would be bad for Dangote. In trying to fend off pressures from labour and motorists, the government may shift the blame on Dangote for being excessive in its pricing, instigating the regulators in the mid-stream and low-stream segments of the market (who had never been particularly fond of Aliko Dangote and his refinery) to clamp down on the business mogul. I pity Aliko Dangote. His patriotism has become his albatross. He can’t say ‘’No’’ to this government; and the President, being the Minister of Petroleum, doesn’t brook disagreement. Interesting days are ahead!
My take is that NNPC should no longer enjoy any monopolistic or monopsonist status because it is incapable of managing its own affairs. Its bloated, inept, crooked and opaque. Dangote Refinery should be allowed the freedom to appoint as many off-takers or distributors as possible. In fact, there’s no reason why the refinery cannot even own its own filling stations either solely or in partnership with existing outlets, and sell directly to Nigerians, as it happens in other countries. Nigerians have expected that the new refinery will end perennial fuel scarcity and long queues. My hope has been that petrol would hover between N500 and N700 per litre at the pumps. But with this new arrangement of inserting NNPC into the mix, the prospects are daunting.
‘I Will Return When Fate Permits’ — Tinubu’s Spokesman Ngelale Embarks On Indefinite Leave
Chief Ajuri Ngelale, the Special Adviser to President Bola Tinubu on Media and Publicity, has commenced an indefinite leave of absence attributed to pressing family medical challenges.
In a statement on Saturday, Ngelale revealed that he had submitted a memo to the Chief of Staff to the President, Femi Gbajabiamila, informing him of the development.
The leave will affect his roles not only as the President Tinubu’s spokesperson but also as the Special Presidential Envoy on Climate Action and Chairman of the Presidential Steering Committee on Project Evergreen.
Ngelale described the decision as “agonizing,” saying it was made after extensive consultations with his family over the past several days.
He cited a “vexatious medical situation” that has worsened at home as the primary reason for his leave.
“While I fully appreciate that the ship of state waits for no man, this agonizing decision — entailing a pause of my functions as the Special Adviser to the President on Media & Publicity and Official Spokesperson of the President; Special Presidential Envoy on Climate Action, and Chairman, Presidential Steering Committee on Project Evergreen — was taken after significant consultations with my family over the past several days as a vexatious medical situation has worsened at home,” he wrote.
The president’s spokesman expressed his intention to return to work when circumstances permit, saying, “I look forward to returning to full-time national service when time, healing, and fate permit.”
Ngelale requested privacy for himself and his family during the challenging period.
The leave comes amid President Tinubu’s ongoing state visit to China where the Nigerian leader has held discussions with President Xi Jinping and participated at the 2024 Forum on China-Africa Cooperation (FOCAC) Summit.
[thewhistler]
Paris Paralympics: Ugwunma wins silver in javelin as Nigeria claims 4th medal
Flora Ugwunwa won silver for Nigeria in the women’s javelin F54 final at the ongoing Paris 2024 Paralympics on Saturday.
This marks Ugwunwa’s third consecutive Paralympics medal, following gold medals in Rio 2016 and Tokyo 2021.
The Nigerian athlete threw 19.26 meters to claim the second position on the podium and secure silver medal ahead of Salehi Elham of Iran.
She made her silver winning throw after the second attempt but could not improve on it despite four more attempts.
The medal is Nigeria’s first in Para-Athletics, and the country’s fourth medal overall at the ongoing Paralympic Games.
Nurkhon Kurbanova of Uzbekistan, Ugwunwa’s fierce rival, won gold medal with a 21.12 meters.
Kurbanova’s throw broke Ugwunwa’s former world record of 20.25 meters she had set at Rio 2016.
The Uzbek had lost the gold medal to Ugwunwa four years ago and had to settle for silver.
Kurbanova had dominated the six-athlete final, throwing beyond 20 meters on each attempt.
The 30-year-old broke Ugwunwa’s record on her third throw, registering 20.27 meters before breaking her own record in her fifth attempt.
Onyinyechi Mark won Nigeria’s first gold medal after outlifting her opponents in the powerlifting finals in Friday.
Her victory earned Team Nigeria their third medal at the Paris Paralympics.
On Wednesday, Esther Nworgu won the silver medal in the women’s up to 41kg para-powerlifting event.
Eniola Bolaji also won a bronze medal in the women’s singles SL3 badminton event a few days ago.
[TheCable]
[ZOOM MEETING] CITY TALKS WITH REUBEN ABATI: Fuel Price Hike: The People's Agony - Majeed Dahiru
Programme: CITY TALKS WITH REUBEN ABATI
Time: 12:00pm
Guest: Majeed Dahiru
(Newspaper Columnist and Energy Security Advocate)
Topic: Fuel Price Hike: The People's Agony
Date: 7th September, 2024
Join Zoom Meeting
https://zoom.us/j/92877141732?pwd=VEJWb29OL2VVekZUTHRpdWYxK0xxZz09
Meeting ID: 928 7714 1732
Passcode: 600206
[OPINION] From Frying Pan To Fire As NNPCL Raises Petrol Pump Price - Isaac Asabor
Since President Bola Ahmed Tinubu assumed office on May 29, 2023, the economic hardships faced by Nigerians have only intensified. While the populace was already grappling with the rising cost of living and dwindling purchasing power, recent developments have exacerbated the situation, leaving many wondering if the nation’s plight has gone from bad to worse, from frying pan to fire.
The latest blow came as the Nigeria National Petroleum Company Limited (NNPCL) increased the pump price of petrol yesterday, from ₦568 to ₦855, ₦897 (depending on the location per litre). The move has no doubt sent shockwaves through every sector of the economy, and kept tongues wagging, even as people have begun to ask if President Tinubu-led government has a human face. For a country where transportation costs dictate the price of virtually every good and service, this increase feels like an unforgivable betrayal to a populace already on its knees.
It will be recalled that when Tinubu took office, there was a glimmer of hope that his administration would bring relief to millions of Nigerians struggling under the weight of inflation, unemployment, and poverty. However, instead of easing the burden, the government’s policies have only deepened the crisis. The removal of fuel subsidies, which many saw as necessary for long-term economic stability, has had immediate and painful consequences. Prices of goods and services have skyrocketed, and the daily life of the average Nigerian has become a test of endurance.
In fact, the recent gasoline price hike feels like the final straw for many Nigerians. Public transportation costs have surged, making it even more difficult for workers to commute, while businesses that were already grappling with higher operational costs are now in for a bigger challenge. This domino effect is expected to push more Nigerians into poverty, further widening the gap between the rich and the poor.
The federal government’s justification for the increase has been met with skepticism and anger. Officials argue that the hike is necessary to stabilize the economy and reduce the burden of subsidies on government finances. For instance, Mr. Bayo Onanuga, Special Adviser, Information and Strategy to President Tinubu has defended the increase, which took effect on September 3, 2024, bringing the average cost to N897 per liter. He suggested that relief may come with the operationalization of the Dangote Refinery and other local refineries, which could help stabilize fuel prices in the long run.
However, for the millions of Nigerians who can barely afford a meal, this explanation rings hollow. The question on everyone’s mind is: How much more can we endure?
In fact, the sense of frustration and helplessness is palpable. Many are beginning to question whether this government understands the realities on the ground or if it is completely out of touch with the daily struggles of the masses. The perception is that while the elite continue to live comfortably, the rest of the country is being pushed closer to the brink.
As Nigerians brace for even tougher times ahead, one cannot help but wonder if the worst is yet to come. The phrase “from frying pan to fire” seems apt to describe the current situation, each new policy, instead of alleviating the suffering, only seems to add fuel to the fire.
The federal government must urgently reassess its approach and consider the immediate needs of the people. Otherwise, the social fabric of the nation could unravel, leading to unrest and instability. The question remains: how much more will Nigerians be asked to endure before their voices are truly heard?
Without a doubt, the sudden increase in petrol prices yesterday in Nigeria is a stark reminder of the government’s insensitivity to the plight of its citizens. For many Nigerians, who are already struggling under the weight of economic hardships, this hike feels like being pushed from the frying pan into the fire. The cost of living has skyrocketed in recent months, with basic necessities becoming increasingly unaffordable for the average person. This latest move by the government only deepens the despair, further eroding the public’s trust in their leaders.
This price increase, coming at a time when the country is grappling with inflation and high unemployment rates, shows a lack of empathy and a disregard for the well-being of the people. The government’s decision to raise fuel prices without providing any cushioning measures or alternatives for the populace demonstrates a lack of a human face in policymaking. It suggests that the government is more concerned with balancing its books than with the daily struggles of the citizens, who are now forced to choose between fuel and food.
The voices of ordinary Nigerians reflect the widespread anger and frustration. “This is not governance; it is punishment,” says Chukwudi, a commercial bus driver in Lagos. “How do they expect us to survive when everything is going up except our income?” Another resident, Fatima, a small business owner at Ogba, in Ikeja, Lagos, laments, “We voted for change, but what we got is suffering. The government is pushing us to the brink.” These sentiments are echoed across the country, where many feel abandoned by those in power.
The consequences of this price hike are far-reaching. Transportation costs will rise, affecting the prices of goods and services nationwide. Small businesses, already struggling to stay afloat, may be forced to close, leading to further job losses. The ripple effect will undoubtedly exacerbate the existing economic challenges, making it even harder for the average Nigerian to make ends meet. The government’s actions seem to be pushing the country towards a breaking point, where the social fabric could be torn apart by widespread discontent.
In light of these developments, it is clear that the government needs to urgently reassess its approach. There is a need for policies that are not only economically sound but also socially responsible. Nigerians deserve a government that listens to their concerns and makes decisions with a human face. The current trajectory is unsustainable and, if not addressed, could lead to even greater unrest and instability in the country.
[OPINION] APC’s Renewed Hope: When Healing Causes More Pains - Isaac Asabor
The All Progressives Congress (APC) swept into power on the wings of the promises of “Change” in 2015, and “Renewed Hope” in 2023, respectively for a country battered by economic mismanagement, corruption, and insecurity. The APC’s message of renewed hope under President Bola Tinubu was meant to inspire trust, but for millions of Nigerians today, that hope feels more like a mirage, especially as the economic reforms initiated by the administration seem to cause more pain than relief.
Upon assuming office, President Tinubu made bold moves that his government claimed were necessary to “heal” the economy. The removal of fuel subsidies was one such step, aimed at redirecting resources towards more impactful development projects. The administration argued that the subsidies were draining the country’s finances and benefiting only a few at the expense of the many. However, this has led to an increase in fuel prices, which in turn spiked the cost of living. Transportation, food, and even basic household goods are now beyond the reach of many ordinary Nigerians.
“The government said things would get better, but it seems like it is only getting worse,” laments Iya Wale, a market woman in Ikeja. “I can no longer afford the same things I used to buy for my family. My children eat less, and the money I make is not enough to sustain us.”
This sentiment is echoed across the country, as people wrestle with the day-to-day realities of surviving under a government that promises healing while implementing policies that compound their struggles. For those at the bottom of the economic ladder, the APC’s renewed hope is quickly losing its luster.
At a busy bus stop in Surulere, Lagos, an elderly man in his 60s named Musa angrily voices his frustration: “I voted for change, but what I see today is hardship like I’ve never known before. Fuel is too expensive, food is too expensive, and now they say they are sharing palliatives, but I haven’t seen a grain of rice reach my house.”
Musa’s concerns are shared by millions. The much-talked-about palliatives, intended to cushion the blow from the economic reforms, have yet to reach the most vulnerable. Those who do receive them often report receiving amounts too meager to make any meaningful impact.
Ngozi, a schoolteacher in Enugu, expresses her worry for the future: “The cost of education has increased, and my salary remains the same. I fear for my children’s future. How can I afford to send them to school if things continue this way?”
The APC administration has outlined several plans aimed at long-term economic stability. These include infrastructure development, improvements in the power sector, and job creation initiatives. However, many Nigerians are asking a critical question: how much longer do they have to endure the pain before they see any tangible benefits?
As government officials speak of reforms aimed at revitalizing the economy, many citizens feel they are bearing the brunt of policies that serve only to benefit the elites. One Lagos commuter noted with bitterness, “Those in power don’t feel this pain. They still live lavishly while we suffer. If this is the hope we voted for, then we are truly lost.”
The wide gap between government officials and the masses has never been more pronounced. As Nigerians face fuel hikes, inflation, and soaring costs of basic goods, many are left questioning if their voices matter to those at the helm of power. It seems as if, in the bid to fix the economy, the very essence of people’s daily struggles is overlooked.
In a biting tone, a civil servant in Port Harcourt says, “When they talk of a sacrifice, who is really sacrificing? It’s us, the common people. They sit in their big houses, eating well, while we worry about affording a meal each day.”
The phrase “Renewed Hope” now carries a bitter aftertaste for many. As more voices speak up about their hardships, it is evident that while the government seeks to heal the economy, it has inadvertently caused more pain for those it was meant to help.
There is a growing call for the government to temper its policies with compassion. Nigerians want to see real, immediate relief. Whether through more accessible palliatives, wage increases, or policies that ensure the average citizen can make ends meet, the message from the masses is clear: the people cannot continue to bear the full weight of economic reforms.
One young man, Olumide, a motorcycle rider in Abuja, pleads, “If the government really wants to help us, they need to listen. We are suffering out here, and it feels like nobody cares.”
The APC came into power promising a renewed hope that would uplift all Nigerians, but for many, this hope feels distant and elusive. The pain of the economic healing process is palpable across the country. If the administration wishes to regain the trust and support of the people, it must urgently address the gap between policy and reality. The Nigerian masses are crying out, not just for hope, but for immediate relief. And for their sake, this hope needs to be renewed with action, not just words.