Editorial
Still On Subsidy Removal
The United States dollar today goes for about N165 as against a dollar to Nigeria’s 70 Kobo in 1985. This, economic experts attribute to a number of variables, key among which are bloated foreign debts activated by a consuming rather than a producing culture, near total dependence on imported goods, and more importantly, depleted foreign reserves.
This has remained a major source of worry to successive governments in Nigeria but who over the years, scratched the surface and consistently postponed the doom’s day. At various times, one form of subsidy or the other was removed but because it was not far reaching enough, the country continues to drift down the precipice.
All nations of the world, with Nigeria’s kind of economic uncertainty, including Ghana, took the painful decision of breaking away from the various cycles of beggardom, never-ending foreign debts, government’s over-involvement in virtually all sectors of the economy. That tendency resulted in bloated national fiscal budgets and forced government to pay for virtually every demands, no matter how unnecessary, resulting in large government’s portfolios and attendant huge expenditures.
In a clime where virtually every government’s action, no matter how well-intended is politicised and where political unpopularity among the people is a very devastating suicide attempt, it requires a man of courage and vision, a complete patriot and a future builder to risk what Nigerian President Goodluck Jonathan did, by his painful decision to announce removal of subsidy on Premium Motor Spirit (PMS) popularly called petrol.
Since that deregulation of the downstream sector, intended primarily to rechannel hitherto wasted fund into rebuilding standard infrastructure, the absence of which have scared away investments, and by extension, crippling the labour market, not much effort has been made to evaluate the advantages of the policy in the long run.
It is true that the subsidy removal should, and indeed, has caused the ordinary Nigerian some temporary discomfort, especially because of its effect on the transportation sector and the multiplier effects on other sectors.
However, even at N97 per litre, survey shows that it is still cheaper than what the product sells in other parts of the West African sub-region. Ghana, for instance, toed the same path and is wiser and better for it with the building of standard infrastructure with funds sourced from its deregulation policy and austerity measures.
That, perhaps, accounts for the Federal Government’s resolve not only to deregulate the downstream sector of the petroleum industry but also downsize the executive branch of government. In addition, principal executive officers have had 25 per cent of their basic salaries slashed with a promise to make further sacrifices.
Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi Lamido, himself a product of the progressive civil society movement, has said for the umpteenth time that the subsidy removal would ensure the socio-economic development of the country. His support for the regime, he explained even recently in Abuja, while addressing newsmen, was based on his conviction that Nigerians would reap the dividends derivable from it in no distant time from now.
According to Sanusi, it encourages in investment into the downstream sector and helps build refineries and petrochemical plants. More importantly, better fiscal management and a structural adjustment that leads to re-industrialisation and development.
Happily, no single Nigerian of note is against removal of the conduit called subsidy, the quarrel by some has been about timing. No time but the right time, in the surgeon’s view is ever good enough for the surgical removal of a cancerous anti-body. Yes, the ordinary Nigerian suffers some pains and for which more palliatives are still being articulated and implemented.
Therefore, we urge all Nigerians to painstakingly weigh the immense future gains of the subsidy removal regime and not merely dwell on the brief pains of the moment. No successful nation enjoys economic stability without passing through one form of hardship or another.
To succeed, Nigerians need to give the elected populist President the benefit of the doubt, and not judge him by the failures of his predecessors.
The Tide, again urges Nigerians to view the deregulation from this positive futuristic posture.
That, we believe is the path to honour, national greatness and socio-economic stability.
Editorial
2027: Beyond IGP’s Billboards Protection Order
As Nigeria moves toward the 2027 general elections and campaign activities intensify, violence against opposition politicians has become an issue that can no longer be overlooked. What should be a season of competing ideas is increasingly turning into a test of intimidation, and early signs suggest that those challenging the ruling establishment are the primary targets.
It was, therefore, welcome news when the Inspector-General of Police, Olatunji Disu, warned politicians, political thugs and others against destroying, defacing or removing campaign posters, banners and billboards. In a statement issued in Abuja by the Force Public Relations Officer, CSP Ani Iniedu, the police condemned such acts as political intolerance, directed Commissioners of Police in all 36 States and the Federal Capital Territory to take preventive measures, and warned that sponsors would also face prosecution. The police rightly described such vandalism as a criminal act that undermines parties’ and candidates’ freedom to canvass for votes.
But billboards are replaceable; human lives are not. While applauding the IGP’s stance, we urge him to extend the same stern warning and enforcement zeal to thugs who assault opposition members during campaigns. A police force that punishes the tearing of a poster but ignores the breaking of a skull will have its priorities questioned. Allowing such attacks to continue could erode the foundations of our democracy.
Consider the African Democratic Congress (ADC) presidential campaign flag-off in Sokoto State on November 4, 2026. The party alleged that the State Government denied it access to public facilities, sealed its campaign venue and pressured hotels to reject its delegates, forcing it to hold the rally at its secretariat. The Sokoto authorities, however, denied instructing hotels to turn guests away. More seriously, two suspected ADC supporters were reportedly shot along the Sokoto–Wurno Road while travelling to the venue, allegedly by operatives of the Sokoto State Community Guards.
Whatever the truth of these competing accounts, a shooting demands more than press statements. It requires a transparent, independent investigation and prosecution where warranted. Sokoto was not an isolated incident. The following day in Birnin Kebbi, the ADC presidential campaign convoy was reportedly attacked by armed gangs. Amnesty International said vehicles were vandalised, people assaulted with cutlasses and roads blocked, while the party’s Kebbi governorship candidate, Abubakar Malami, alleged that media equipment was destroyed and tear gas deployed. His convoy had suffered a similar attack in the city in September 2025.
The Nigeria Democratic Congress (NDC) has suffered similar attacks. On November 4, hoodlums stoned the motorcade of its presidential candidate, Peter Obi, and running mate, Rabiu Musa Kwankwaso, at Watt Market roundabout in Calabar, Cross River State. Police reported arresting a 27-year-old suspect, Victor Edet, although it remains unclear whether he has been arraigned. The State Government has denied suggestions that ruling-party supporters were responsible. Worse, in Asaba, Delta State, one person was killed and five injured when suspected thugs attacked an NDC rally. A death at a political rally is no longer a warning; it is a damning indictment of the prevailing political climate.
Even critics of the establishment who are not frontrunners have not been spared. Omoyele Sowore, presidential candidate of the African Action Congress (AAC), was attacked by suspected thugs at a restaurant in Ado-Ekiti on October 30. He alleged that the assailants were linked to the Ekiti State Government House and that the Department of State Services leaked his location. Both the State Government and the security service denied involvement, while the police reported a minor injury and a discreet investigation. These conflicting accounts make an independent, publicly reported inquiry indispensable.
What deepens the concern is the Federal Government’s apparent silence. We are unaware of any specific, forceful condemnation of these assaults, even as All Progressives Congress (APC) rallies appear to proceed nationwide without incident. Such silence can easily be misconstrued as complicity, regardless of intent.
According to the Centre for Democracy and Development, 109 election-related deaths were recorded in the build-up to the 2023 polls. The Kimpact Development Initiative separately documented 238 incidents and 24 deaths during the general elections. Beyond Nigeria, Kenya’s 2007–08 post-election violence claimed more than 1,000 lives, according to the Waki Commission. Ghana, by contrast, enacted the Vigilantism and Related Offences Act in 2019 to curb party vigilante groups, a model worth studying.
The remedies are neither exotic nor expensive. The IGP should extend his directive to cover assaults on individuals and disruptions of rallies, while establishing a dedicated investigative unit to probe the Sokoto shooting and the attacks in Kebbi, Calabar, Asaba and Ado-Ekiti. It should publish the status of each case within a fixed period. Suspects must be prosecuted and their sponsors, regardless of party or position, brought to justice. State-backed security outfits, including the Community Guards, should be audited and barred from partisan duties.
The Federal Government must speak and act unequivocally. President Tinubu should specifically condemn attacks on opposition candidates and direct all security agencies to guarantee equal protection for every party. Governors must ensure equal access to public facilities for registered parties. The Independent National Electoral Commission (INEC), which has warned of fines and imprisonment under the Electoral Act 2026 for inflammatory campaign conduct, should enforce the Code of Conduct for Political Parties. Working with the Inter-Agency Consultative Committee on Election Security, it should publish a joint security plan covering campaigns, polling, and collation. Parties must discipline their supporters, courts expedite electoral-violence trials, and civil society and the media maintain a public record of incidents and their outcomes.
The credibility of the 2027 elections is at stake. An election is credible only when every contender can campaign, travel, assemble and speak freely, without fear. Without a free opposition, there can be no meaningful democracy. Nigeria is not a one-party State, and law enforcement agencies must demonstrate their neutrality through action, not communiqués. The campaign atmosphere is too tense to be left to chance. Billboards deserve protection, certainly, but citizens deserve it far more.
Editorial
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