Opinion
The Malady Of Fuel Prices
The problems posed by petroleum products pricing has taken a turn for the worse. Every day, one is affronted by worsening condition of living. This is largely so because there are little or no palliatives to cushion the effects of strenuous economic policies by government such as the removal of petroleum subsidy, privatisation or deregulation.
In Port Harcourt for example, the urban poor are finding it increasingly difficult to meet up with the increase in the prices of petroleum products. As a result many have resorted to the use of firewood for cooking since fossil fuel has gone beyond the reach of the ordinary folks.
Since the partial removal of fuel subsidy on January 1, 2012, and the pegging of the pump price of fuel to N97 per litre, petroleum marketers and petrol attendants have taken advantage of the fuel subsidy removal to impose hardship on Nigerians.
Today, in Port Harcourt, and some other cities in the country, fuel sells for about N120 per litre at filling stations instead of the official pump price of N97. The filling stations have fraudulently adjusted their metres to between N110 and N120 per litre. Never mind the N97 per litre being displayed on the metres.
The situation has made nonsense of the 25 per cent pay rise for civil servants and has triggered spiral inflation, as the cost of living has reached an all time high.
The most benumbing is that Nigeria is the world’s sixth largest producer of crude, yet fuel has gone beyond the reach of the ordinary folks. Even when the money is available to buy the fuel, it is not easy to get the product. Marketers create artificial scarcity. The rumbling over the prices of petroleum products has continued, yet nobody seems to be bothered about it. The frequent labour and tank drivers’ strike has even worsened the scenario.
It is unfortunate that despite the army of think-tanks in the petroleum industry, the problem of fuel scarcity has persisted. Why wouldn’t it be so when the nation’s refineries are down? It is regrettable that 31 years of refining crude oil it has not brought any appreciable change in the sector, let alone imparting positively on the lives of the citizenry. By now, Nigeria ought to have gone beyond the perennial fuel scarcity. But since most of our refineries are not working, we rely so much on imports, hence the unfortunate increase in the pump prices of petroleum products. Even the so-called deregulation of the downstream oil sector is yet to bring the much needed succour to the populace.
There is no doubt whatsoever that Nigeria’s reliance on a mono-cultural economy is responsible for this hardship. It is, therefore, imperative for the country to do away with this mono-cultural economic system by investing on agriculture as an additional economic mainstay.
Besides, there ought to be prudence on the part of the government if it must achieve the goals of privatisation and commercialisation.
Let us also not forget that the privatisation, commercialisation and deregulation of the nation’s economy can only make greater impact when social infrastructural facilities are put in place. Deregulation must be executed with the awareness that the facilities that can make it work effectively must be on ground.
Also, there should be a form of social security for the unemployed youths who are badly affected by frequent increase in the prices of petroleum products. Since we want our fuel market price to compete with international price, our facilities should also have international standard. Deregulation must therefore have a human face.
Ilegbara is a student of the International Institute of Journalism, Abuja.
Mercy Ilegbara
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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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