Editorial
That Cut In Fuel Price
Minister of Petroleum Resources, Mrs.
Diezani Alison-Madueke, took Nige
rians by storm late last Sunday when she announced a marginal reduction in the pump price of Premium Motor Spirit (PMS), otherwise called petrol from N97 to N87 per litre. The Minister said that the new price regime takes effect from 12 midnight that day.
She further directed all filling stations across the country to comply by adjusting their pumps in line with the present reality, just as she charged all regulatory agencies, especially the Department of Petroleum Resources (DPR), the Petroleum Products Pricing and Regulatory Agency (PPPRA), and other agencies of government to monitor petroleum products marketers and filling stations to ensure total compliance.
Since the announcement of the cut in the pump price of petrol with effect from January 19, 2015, groups, individuals and key stakeholders, have continued to voice divergent views on the motive and indeed the propriety of the decision. Even organised labour under the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and other interest groups are not left out of the discourse.
While some welcome the gesture and rationalize it as government’s response to the yearnings of Nigerians, particularly because of the prevailing economic conditions, others think, and vehemently too, that the reduction in price by N10 is not proportionate to the huge fall in the price of crude oil in the international market.
Some persons insist that the fall in the price of crude oil should naturally trigger a reduction in the prices of all derivatives of hydrocarbons, including Automotive Gas and Oils (AGO), Dual Purpose Kerosene (DPK), and Aviation Fuels (Jet A and Jet A1), and not just PMS (Petrol).
While we commend the government for reducing the pump price of petrol, we wonder the parameters it used to arrive at the new price. It did not also let Nigerians know what to expect when the price of crude appreciates and whether government can again unilaterally increase prices.
Our first worry, however, was the failure of government to extend the price cut to other key derivatives of crude oil, such as DPK, AGO and Aviation Fuels. We believe that a reduction in the price of petrol, without a corresponding cut in the prices of kerosene, diesel and jet oils, may not affect the critical masses; particularly those in the rural areas and low income earners in urban centres who depend on kerosene for cooking. On the other hand, industries and manufacturers, whose economic contributions oil the wheel of development, as well as some key transporters and commuters, are left out as they depend largely on diesel that is not affected.
This is why we join other well-meaning Nigerians to call on the Federal Government to take a holistic review of the intervention measure with a view to further cutting the prices of all petroleum products across board. We also think that the review should be done in such a way that no iota of arbitrariness was allowed to permeate the process.
Even so, The Tide is particularly worried that under a regulated petroleum industry, where government regulates prices in consonance with a complex subsidy regime, a drop in the price of crude oil at the international market, resulting in unanticipated intervention of this nature, is not sustainable. We say so because crude oil prices fluctuate, depending on prevailing circumstances.
The real test is in the courage of both government and the people to deal with a sudden upward change on the product price. Should the government also raise price and on what terms; would the people trust government to raise price and without any yardstick, especially if the new price is high?
For us, the current situation provides an ample opportunity for the Nigerian people to rise up and call for the removal of subsidy on petroleum products, thus allowing market forces determine the prices of the essential products. Besides, a deregulated downstream sector of the petroleum industry would surely open the floodgate for the take-off of new refineries and petrochemicals facilities to add the much-needed value in the country’s economy.
In addition, a deregulated regime would create millions of new jobs for the teeming population of skilled and semi-skilled manpower, stop products importation, as well as eliminate corruption in the industry, thus saving trillions of Naira frittered away by a band of cabals, among other benefits. We think that this is the right way to go, if the present generation must move Nigeria to the next level.
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Editorial
WPFD: Nigeria’s Defining Test
Nigeria stands at a critical juncture as the world marked World Press Freedom Day (WPFD) on May 3. This annual observance is a reminder that a free press is central to democratic life, good governance, and public accountability. For Nigeria, it is also a moment for sober reflection on how far the country has come and how far it still has to go in safeguarding the independence of its media.
World Press Freedom Day exists to highlight the fundamental importance of freedom of expression and to honour journalists who risk their lives in pursuit of truth. It underscores the idea that without a free press, societies cannot function transparently, nor can citizens make informed decisions. In countries like Nigeria, where democracy continues to evolve, the observance carries particular urgency.
This year’s theme, “Shaping a Future at Peace: Promoting Press Freedom for Human Rights, Development and Security”, places journalism at the heart of global stability. It emphasises that a peaceful society cannot be built on silence, fear, or manipulated information. Rather, it depends on the free flow of accurate, timely, and independent reporting.
At its core, the theme highlights the role of journalism in fostering accountability, dialogue, and trust. These are not abstract ideals. In Nigeria, where public confidence in institutions is often fragile, the media remains one of the few platforms through which citizens can question authority and demand transparency. When press freedom declines, so too does public trust.
Journalism serves as a foundation for peace, security, and economic recovery. Countries with robust media systems tend to attract greater investment, maintain stronger institutions, and resolve conflicts more effectively. Nigeria’s economic challenges, ranging from inflation to unemployment, require open scrutiny and informed debate, both of which depend on a free press.
However, the issue of information integrity has become increasingly complex in the digital age. Artificial Intelligence (AI) and online platforms have amplified the spread of misinformation and disinformation. In Nigeria, where internet penetration has grown rapidly, false narratives can travel faster than verified facts. This makes the role of credible journalism more vital than ever.
The challenge is not only technological but also ethical. AI-driven manipulation of information threatens to distort public discourse, influence elections, and deepen social divisions. In such an environment, professional journalism must act as a stabilising force, ensuring that truth prevails over sensationalism and propaganda.
Equally troubling is the safety of journalists. Across Nigeria, reporters face growing levels of online harassment, judicial intimidation, and physical threats. Self-censorship is becoming more common, as media practitioners weigh the risks of reporting sensitive issues. This trend undermines the very essence of journalism.
A particularly alarming incident involved a serving minister in the present administration, who openly threatened to shoot a journalist during a televised exchange. Such conduct, broadcast to the public, sends a dangerous signal that hostility towards the press is acceptable. It erodes the norms of democratic engagement and places journalists in harm’s way.
This year’s theme aligns closely with the United Nations Sustainable Development Goal (SDG)16, which promotes peace, justice, and strong institutions. Freedom of expression is a cornerstone of this goal. Without it, institutions weaken, corruption thrives, and justice becomes elusive. Nigeria’s commitment to SDG 16 must therefore include genuine protection for the media.
Historically, the Nigerian press has been a formidable force. From resisting colonial rule to challenging military dictatorships, our journalists have played a central role in shaping the nation’s political landscape. Today, however, that legacy appears to be under strain, as the media operates under what can best be described as a veneer of freedom.
Beneath this facade lies a troubling reality. Journalists are routinely harassed, detained, and prosecuted for performing their constitutional duties. Reports from media watchdogs indicate that dozens of Nigerian journalists face legal threats or arrest each year, often for exposing corruption or criticising those in power.
The Cybercrimes (Prohibition, Prevention, etc.) Act of 2015 has become a focal point of concern. Originally intended to combat cyber threats, it has increasingly been used to silence dissent. Sections 24 and 27(1)(b), in particular, have been invoked to target journalists, bloggers, and social commentators.
Although amendments introduced in February 2024 were meant to safeguard journalists, concerns persist. The law continues to be wielded in ways that stifle investigative reporting and restrict freedom of expression. Legal reforms must go beyond cosmetic changes to address the root causes of misuse.
To safeguard the future of journalism in Nigeria, decisive action is required. The Cybercrimes Act must be revisited to ensure it cannot be weaponised against the press. Law enforcement agencies must operate free from political influence, upholding the rule of law and protecting journalists’ rights. Civil society and international partners must also strengthen independent media through funding, training, and platforms for wider reach.
In this rapidly evolving world shaped by artificial intelligence and digital innovation, Nigeria faces a clear choice. It can either allow press freedom to erode under pressure, or it can champion a truly independent media landscape. The path it chooses will determine not only the future of journalism, but also the strength of its democracy and the peace it seeks to build.
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