Opinion
What Fuel Subsidy Removal Really Means
A few years ago Nigeria was listed in some quarters as a most flamboyant and profligate country. That was a time when Chief Olusegun Obasanjo said that “We are spending money like a drunken sailor …”
Before his death, late Chief Obafemi Awolowo had warned that the Nigerian currency was sliding into the status of tissue paper. An economic expert listed profligate spending habits as including huge hotel bills and foreign travels by government officials, purchase of exotic cars, state sponsorship of pilgrimages, lavish spending on funs, funerals, parties, entertainments, etc; frauds in high quarters, abuses in the management of foreign loans and living on credit facilities.
Despite the introduction of “austerity and belt-tightening” measures as state policies to curb profligate spending, there were no changes in habits or conditions. Today, even with the biting effects of past flamboyance and profligacies, there is no indication that we have learned anything from the past or turned a new leaf. Usually, hike in the prices of petroleum products is a ready means of raising money when the economy begins to bite hard. Nigerians were told that since we spent more money to consume a bottle of “Coke” soft drink, it was sound economics to divert such money for same content of petrol. Choose between Coke and petrol!
It is an irony of the nation’s sense of humour that the apostle and advocate of the “Coke and Petrol” equalization policy, became indicted for being responsible for the nation’s economic adversity, by drinking a cup of tea and accepting a gold wrist watch as gift from foreigners. Today, rumours about possible increase in the price of petroleum products are associated with taming the economy by the removal of fuel subsidy. Subsidy is our problem!
The logic about Coke and petrol price equalization was also applicable in subsidizing the cost of transportation of petroleum products across the country, to ensure that the price remains same every where. A driver operating in Eleme must buy fuel at the same price as the driver operating in Damaturu. Call it price quotarisation and equalization policy, whereby the cost of delivery of fuel is passed on as a collective tax. The logic of fuel subsidy expresses the endemic corrupt practices in the country. A clevery system of corruption and parasitism!
The most glaring and annoying aspect of the fuel subsidy issue is not in the production cost but in the consumption pattern. If we consider the fact that there are innumerable government officials using or controlling between three to ten vehicles each, all fueled at tax payers’ expense, then we can see a different meaning in the issue of fuel subsidy. Subsidy is defined as “money that is paid by a government or organization to make prices lower, reduce the cost of production of goods,” etc. In our case, subsidy translates into indirect increased taxation, to maintain a parasitic political economy, where the docile masses bear the brunt.
We have not faced the issues of corruption, mendacity and deceit as instruments of governance, with seriousness and honesty, as the issues deserve to be faced. Part of the demand by the International Monetary Fund (IMF) on Nigeria to remove fuel subsidy completely, is a part of the call for transparency in governance. The issue of transparency in governance is most glaring in the oil and gas sector of which the subsidy sing-song is the stump.
Needless to revisit the issue that there are ruthless predators and parasites, within and outside Nigeria, who have held this country hostage since 1970, with regards to the oil and gas sector of the economy. Unfortunately, the intellectual and political class of Nigerians is so docile or complicit that they can be easily out-witted or bought over by the faceless cabals that claim to own Nigeria and its resources. Are we not held hostage?
The strategy of control has been to use the forum of the nation’s lawmakers as a safety valve, to ensure a stability of the polity, through scandalous remunerations and patronage. When each Nigerian senator gets emoluments estimated to be four times the salary of the President of America , then we must ask who they are being asked to protect. Removal of fuel subsidy means removal of the hidden costs of maintaining an oligarchy under the guise of a democracy. Who is paying to support who?
Dr. Amirize is a retired lecturer at the Rivers State University, PH.
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Restoring Order, Delivering Good Governance
The political atmosphere in Rivers State has been anything but calm in 2025. Yet, a rare moment of unity was witnessed on Saturday, June 28, when Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Chief Nyesom Wike, appeared side by side at the funeral of Elder Temple Omezurike Onuoha, Wike’s late uncle. What could have passed for a routine condolence visit evolved into a significant political statement—a symbolic show of reconciliation in a state bruised by deep political strife.
The funeral, attended by dignitaries from across the nation, was more than a moment of shared grief. It became the public reflection of a private peace accord reached earlier at the Presidential Villa in Abuja. There, President Bola Ahmed Tinubu brought together Governor Fubara, Minister Wike, the suspended Speaker of the Rivers State House of Assembly, Martin Amaewhule, and other lawmakers to chart a new path forward.
For Rivers people, that truce is a beacon of hope. But they are not content with photo opportunities and promises. What they demand now is the immediate lifting of the state of emergency declared in March 2025, and the unconditional reinstatement of Governor Fubara, Deputy Governor Dr. Ngozi Odu, and all suspended lawmakers. They insist on the restoration of their democratic mandate.
President Tinubu’s decision to suspend the entire structure of Rivers State’s elected leadership and appoint a sole administrator was a drastic response to a deepening political crisis. While it may have prevented a complete breakdown in governance, it also robbed the people of their voice. That silence must now end.
The administrator, retired naval chief Ibok-Ette Ibas, has managed a caretaker role. But Rivers State cannot thrive under unelected stewardship. Democracy must return—not partially, not symbolically, but fully. President Tinubu has to ensure that the people’s will, expressed through the ballot, is restored in word and deed.
Governor Fubara, who will complete his six-month suspension by September, was elected to serve the people of Rivers, not to be sidelined by political intrigues. His return should not be ceremonial. It should come with the full powers and authority vested in him by the constitution and the mandate of Rivers citizens.
The people’s frustration is understandable. At the heart of the political crisis was a power tussle between loyalists of Fubara and those of Wike. Institutions, particularly the State House of Assembly, became battlegrounds. Attempts were made to impeach Fubara. The situation deteriorated into a full-blown crisis, and governance was nearly brought to its knees.
But the tide must now turn. With the Senate’s approval of a record ?1.485 trillion budget for Rivers State for 2025, a new opportunity has emerged. This budget is not just a fiscal document—it is a blueprint for transformation, allocating ?1.077 trillion for capital projects alone. Yet, without the governor’s reinstatement, its execution remains in doubt.
It is Governor Fubara, and only him, who possesses the people’s mandate to execute this ambitious budget. It is time for him to return to duty with vigor, responsibility, and a renewed sense of urgency. The people expect delivery—on roads, hospitals, schools, and job creation.
Rivers civil servants, recovering from neglect and under appreciation, should also continue to be a top priority. Fubara should continue to ensure timely payment of salaries, address pension issues, and create a more effective, motivated public workforce. This is how governance becomes real in people’s lives.
The “Rivers First” mantra with which Fubara campaigned is now being tested. That slogan should become policy. It must inform every appointment, every contract, every budget decision, and every reform. It must reflect the needs and aspirations of the ordinary Rivers person—not political patrons or vested interests.
Beyond infrastructure and administration, political healing is essential. Governor Fubara and Minister Wike must go beyond temporary peace. They should actively unite their camps and followers to form one strong political family. The future of Rivers cannot be built on division.
Political appointments, both at the Federal and State levels, must reflect a spirit of fairness, tolerance, and inclusivity. The days of political vendettas and exclusive lists must end. Every ethnic group, every gender, and every generation must feel included in the new Rivers project.
Rivers is too diverse to be governed by one faction. Lasting peace can only be built on concessions, maturity, and equity. The people are watching to see if the peace deal will lead to deeper understanding or simply paper over cracks in an already fragile political arrangement.
Wike, now a national figure as Minister of the FCT, has a responsibility to rise above the local fray and support the development of Rivers State. His influence should bring federal attention and investment to the state, not political interference or division.
Likewise, Fubara should lead with restraint, humility, and a focus on service delivery. His return should not be marked by revenge or political purges but by inclusive leadership that welcomes even former adversaries into the process of rebuilding the state.
“The people are no longer interested in power struggles. They want light in their streets, drugs in their hospitals, teachers in their classrooms, and jobs for their children. The politics of ego and entitlement have to give way to governance with purpose.
The appearance of both leaders at the funeral was a glimpse of what unity could look like. That moment should now evolve into a movement-one that prioritizes Rivers State over every personal ambition. Let it be the beginning of true reconciliation and progress.
As September draws near, the Federal government should act decisively to end the state of emergency and reinstate all suspended officials. Rivers State must return to constitutional order and normal democratic processes. This is the minimum requirement of good governance.
The crisis in Rivers has dragged on for too long. The truce is a step forward, but much more is needed. Reinstating Governor Fubara, implementing the ?1.485 trillion budget, and uniting political factions are now the urgent tasks ahead. Rivers people have suffered enough. It is time to restore leadership, rebuild trust, and finally put Rivers first.
By: Amieyeofori Ibim
Amieyeofori Ibim is former Editor of The Tide Newspapers, political analyst and public affairs commentator
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