Editorial

Diesel Price Cut, Building On Dangote’s Example

Published

2 years ago

May 15, 2024

In a critical move, the Dangote Refinery has announced a further reduction in the price of diesel, bringing it
down to N940 per litre for customers purchasing 5 million litres or more directly from the refinery. This represents a notable decrease from the previously reported N1000 per litre, offering significant savings for bulk buyers. The price reduction is a testament to the refinery’s commitment to providing competitive pricing and supporting businesses in Nigeria’s growing industrial sector.
The Refinery, once fully operational, is expected to have a significant impact on the Nigerian economy by reducing the country’s reliance on imported refined petroleum products. The refinery’s ability to produce vast quantities of high-quality diesel will not only meet domestic demand but also create opportunities for export, potentially generating valuable foreign exchange for Nigeria.
The reduction in diesel price is also expected to have positive implications for various industries that rely heavily on diesel as a fuel source. Industries such as transportation, manufacturing, construction, and agriculture are likely to benefit from the lower fuel costs, leading to increased productivity and efficiency. This, in turn, can contribute to economic growth and job creation throughout the country.
This was announced by the Refinery’s spokesperson, Tony Chiejina. The statement read in part:
“In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000/litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200/litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600/litre. This significant reduction in the price of diesel at Dangote Petroleum Refinery is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country”
Reacting to the price reduction, the Secretary of the Independent Petroleum Marketers Association of Nigeria, Abuja-Suleja Branch, Mohammed Shuaibu, said, “This is a welcome development and I am happy to hear this news because it will further increase competition in the downstream which will benefit many Nigerians. Such competition would create room for more price reduction and we are going to start seeing the positive impact on the cost of goods and services on the long run.”
Commending the company’s efforts, President Bola Tinubu described the move as an “enterprising feat” and said, “The price review represents a 60 per cent drop, which will, in no small measure, impact the prices of sundry goods and services.” In a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu affirmed that Nigerians and domestic businesses are the nation’s surest transport and security to economic prosperity.
Dangote’s decision to reduce diesel prices has been met with widespread approbation and is expected to have vital positive impacts on the Nigerian economy. The price reduction has sparked a gradual decline in the prices of locally-produced goods, such as flour, as businesses are now paying less for diesel. This reduction in production costs is likely to trickle down to consumers, resulting in lower prices for essential commodities. Businesses will have more disposable income to invest in production and expansion.
Moreover, the trickle-down effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity. The reduction will also have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture. A lot of companies will be back in operation.
Aliko Dangote, Nigeria’s foremost industrialist, has a big role to play in alleviating the economic burden faced by Nigerians who rely on Premium Motor Spirit (PMS). By concertedly including the production of PMS in his business operations, Dangote can make a substantial contribution to reducing the nation’s dependence on imported fuel and easing the financial strain on its citizens. The business mogul’s vast resources and expertise in the manufacturing sector make him ideally positioned to lead this initiative.
Furthermore, local PMS production would stabilise fuel prices and protect Nigerians from the volatility of the global oil market. The country’s over-reliance on imported PMS has made it susceptible to price fluctuations, which have a ripple effect on the cost of goods and services. By producing PMS domestically, Nigeria can gain greater control over its fuel supply and mitigate the impact of external factors on its economy.
If truth be told, Dangote has built an image for himself as one among the few genuine and credible rich persons who have successfully synergised industry with philanthropy. Nigerian entrepreneurs and investors should emulate the iconic businessman by channelling ideas and resources into areas of the economy that stimulate growth, with long-term effect on job creation and poverty reduction. We laud the Dangote Group for the vision behind the refinery.
Nigerians, who have been granted licences to establish private refineries should make haste. The establishment of private refineries will create numerous economic benefits. It will reduce the country’s dependence on imported fuel, leading to savings in foreign exchange. Additionally, it will create jobs in various sectors, including construction, engineering, and oil and gas operations. Moreover, the increased availability of locally refined products will stabilise fuel prices and enhance energy security.
Delay in the establishment of these refineries could have adverse consequences. Nigeria continues to lose billions of dollars annually on refined fuel imports, draining its foreign reserves and putting pressure on the local currency. Furthermore, the scarcity of refined products often results in fuel shortages, causing economic disruptions and hardship for citizens. Therefore, it is crucial that the licencees expedite the construction and commissioning of their refineries.

Editorial

A Fair Wage for Difficult Times

Published

3 weeks ago

July 3, 2026

The Tide

The latest demand by the Federal Workers Forum (FWF) for an upward review of the national minimum wage from N70,000 to N300,000 should not be dismissed as another routine labour agitation. Rather, it should be seen as a reflection of the deep economic pain confronting millions of Nigerian workers whose purchasing power has been severely eroded by inflation, rising living costs, and a struggling economy. Whether or not the figure being demanded is attainable, the message behind it cannot be ignored.

The decision of the Forum to proceed with a nationwide protest also underscores the growing frustration among federal workers who believe that repeated appeals have produced little meaningful action. Their complaints over unpaid entitlements, wage awards, promotion arrears, and other outstanding benefits deserve prompt attention from the authorities. A government that expects dedication and productivity from its workforce must also fulfil its obligations to them.

It is significant that the Chief of Staff to the President recently acknowledged that federal workers are poorly remunerated. Such an admission is welcome because it confirms what workers have consistently argued for years. However, acknowledgement alone is insufficient. Nigerians expect practical measures that will improve workers’ welfare rather than statements that only recognise the obvious.

The economic realities confronting workers are doubtlessly harsh. Food prices have climbed beyond the reach of many families, transportation costs have risen sharply, rents continue to increase, and the cost of healthcare and education has become unbearable for many households. Salaries that appeared modest a few years ago have become grossly inadequate in today’s economic environment.

Compounding the hardship is the persistent challenge of insecurity across the country. Many workers travel daily under difficult and sometimes dangerous conditions to earn incomes that barely sustain their families. The emotional and financial burden of this situation has created widespread frustration and anxiety, contributing to the tense atmosphere that now pervades the nation.

Against this background, the call for a living wage is both reasonable and urgent. The purpose of a minimum wage is not just to keep workers employed but to enable them to live with dignity. When full-time workers cannot adequately feed their families, pay school fees, access healthcare, or meet basic living expenses, it becomes clear that existing wage structures require serious review.

The Federal Government should, therefore, approach this matter with the seriousness it deserves. It should immediately commence purposeful discussions with organised labour and representatives of the Federal Workers Forum to examine realistic options for improving workers’ welfare. Delaying action or relying on promises will only deepen public dissatisfaction and erode confidence in the government.

Equally important is the need for the government to honour existing commitments. Reports of outstanding wage awards, unpaid allowances, and promotion arrears should be independently verified and settled without unnecessary delay. Keeping faith with agreements already reached would demonstrate sincerity and rebuild trust between the authorities and their employees.

That said, the workers must also appreciate the importance of sustained dialogue. While peaceful protest remains a constitutional right, industrial disputes are more productively resolved through negotiation than confrontation. Every effort should be made to avoid actions capable of disrupting essential public services or escalating national tension.

The leadership of organised labour also has a crucial role to play. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) must rise and provide united, responsible, and strategic leadership. Workers need strong representation that combines firmness with wisdom and places national interest alongside legitimate labour demands.

There is no doubt that the government faces enormous fiscal challenges. Declining revenues, mounting debt obligations, and competing development needs make public finance increasingly difficult. Nevertheless, these realities cannot become excuses for allowing civil servants to sink deeper into poverty. Sound economic management must ultimately translate into improved living conditions for citizens.

In truth, paying workers a fair and sustainable wage is not only a social obligation; it is an economic necessity. Better-paid workers stimulate consumer spending, enhance productivity, reduce corruption arising from financial desperation, and contribute to greater national stability. Investment in workers is an investment in economic growth.

Nigeria can ill afford another prolonged confrontation between government and labour at a time when insecurity, inflation, and public discontent already threaten social cohesion. Both sides should exercise restraint, avoid inflammatory rhetoric, and demonstrate genuine commitment to finding common ground. Nigerians expect solutions, not endless disputes.

The message from the current agitation is unmistakable. The Federal Government must heed the legitimate demands of workers by urgently pursuing a new living wage that reflects present economic realities and restores hope to millions of households. At the same time, workers should keep engaging the government through peaceful dialogue, mutual respect, and responsible negotiation. At this critical moment in our country’s history, compromise, compassion, and decisive leadership offer the surest path to industrial harmony and national progress.

Editorial

Getting State Police Right

Published

3 weeks ago

June 29, 2026

The Tide

Nigeria appears closer than ever to embracing state police, a transformative reform that has dominated national security discourse for years. Such a move, however, requires constitutional amendment to eliminate existing legal obstacles. The National Assembly deserves commendation for expediting work on the necessary legislation to amend Section 214 of the 1999 Constitution, which currently provides for a single, centralised national police force. Having secured passage in both chambers, the amendment bills should now be transmitted without delay to the state Houses of Assembly for prompt consideration.

The urgency of this reform is indisputable. Nigeria has been grappling with terrorism, banditry, kidnapping, communal violence, and organised crime, all of which have overstretched the existing security architecture. According to the National Bureau of Statistics, Nigerians paid an estimated N2.23 trillion in ransom between May 2023 and April 2024, while about 51.9 million crime incidents affected households during the same period. These disturbing figures underline the necessity of strengthening policing through a more pragmatic and responsive system.

State police could remarkably complement the efforts of the Nigeria Police Force (NPF), bringing law enforcement closer to local communities. Officers recruited from within their areas are often better acquainted with the terrain, languages, and cultural dynamics that shape criminal activity. Such local knowledge could produce a more perspicacious approach to crime prevention, intelligence gathering, and rapid emergency response.

Critics rightly fear that state police could become instruments of political persecution if left unchecked. Unscrupulous governors may be tempted to intimidate opponents, suppress dissent, or influence elections through the misuse of security agencies. Any constitutional amendment must, therefore, establish firm precautions that guarantee operational independence and prevent such capricious abuse of authority.

Another serious concern is finance. Running a modern police organisation requires sustained investment in personnel, equipment, technology, training, and welfare. Many states already struggle to pay salaries and pensions promptly. Without reliable funding, state police could deteriorate into poorly equipped institutions that weaken rather than strengthen public safety. Fiscal prudence must accompany political ambition.

Nigeria’s ethnic and religious diversity also demands careful reflection. Minority communities in several states have legitimate concerns that locally controlled police could be manipulated against them during periods of political or communal tension. Recruitment based on ethnicity, family ties, or political loyalty would further undermine professionalism. Only transparent procedures founded on merit can cultivate an equitable policing culture.

Equally important is the need for a comprehensive legal framework to regulate state police operations. Clear provisions are required to define jurisdiction, disciplinary procedures, civilian complaints, accountability mechanisms, and the limits of operational authority. Without such legal clarity, disputes and uncertainty could quickly overwhelm the new institutions.

The relationship between state police and the Nigeria Police Force also deserves meticulous attention. Cross-border crimes, insurgency, and organised criminal networks rarely respect state boundaries. Unless command structures, operational responsibilities, and emergency coordination are carefully defined, jurisdictional rivalry could produce dangerous ambiguity at critical moments.

A fragmented security system presents another risk. Thirty-six separate police commands operating under different priorities and standards may complicate coordinated national responses to terrorism, banditry, and other transnational threats. Intelligence sharing between federal and state agencies must be seamless, timely, and cohesive, leaving no room for avoidable security gaps.

Human rights protection should occupy a central place in the reform agenda. Nigeria’s experience during the #EndSARS protests exposed deep concerns about police brutality, impunity, and excessive force. Establishing additional police formations may merely multiply opportunities for abuse. Independent complaint commissions, judicial oversight, and regular human rights training are indispensable guarantees.

Political transitions pose another challenge. Changes in state administrations should never trigger wholesale dismissals of police leadership or politically motivated appointments. Professional continuity, rather than partisan loyalty, must define career progression. Uniform training standards, ethical codes, and promotion procedures will help preserve the integrity of the institution regardless of who occupies government office.

History also offers a critical lesson. Nigeria operated regional police forces before 1966, but their widespread political misuse contributed to their eventual abolition. That experience should not automatically condemn present reforms, yet neither should it be ignored. Policymakers must undertake a judicious assessment of past failures and design institutions capable of preventing their recurrence.

Ultimately, state police represent an opportunity to strengthen security, but only if reform is pursued with wisdom rather than haste. Constitutional amendment alone will not guarantee success. Strong oversight institutions, transparent recruitment, sustainable funding, effective intelligence sharing, respect for human rights, and genuine accountability must accompany decentralisation. If these essential conditions are fulfilled, state police could become a valuable pillar of national security instead of another source of instability.

Editorial

June 12: The Faltering Democratic Journey

Published

1 month ago

June 12, 2026

The Tide

Nigeria today marks Democracy Day, an occasion set aside to celebrate the country’s democratic journey and reflect on the sacrifices made by citizens in the struggle for representative government. The day is both a celebration and a reminder that democracy is not merely about periodic elections. It is also about freedom, justice, accountability, security, and the welfare of the people.

June 12 occupies a special place in Nigeria’s political history because it commemorates the presidential election of June 12, 1993, widely regarded as the freest, fairest, and most credible election ever conducted in the country. The election was won by late Chief Moshood Kashimawo Olawale Abiola, but the military government of General Ibrahim Babangida annulled the results, plunging the nation into political turmoil and a prolonged struggle for democratic rule.

For many years, Nigeria celebrated Democracy Day on May 29 because that was the date when military rule ended and power was handed over to a democratically elected government in 1999. However, in 2018, the administration of late President Muhammadu Buhari officially moved Democracy Day from May 29 to June 12. The change was intended to honour the sacrifices of those who fought against military dictatorship and to recognise the importance of the annulled 1993 election.

More than two decades after the return to civilian rule, Nigeria’s democratic record presents a mixture of progress and disappointment. The country has maintained uninterrupted civilian government since 1999, making it the longest democratic period in its post-independence history. Yet, the quality of governance and democratic institutions remains a matter of concern.

On political rights, Nigeria has made modest gains. Citizens have the constitutional right to vote and contest elections, and political parties operate freely. However, concerns have always been about voter apathy, political violence, and the influence of money in politics. In the 2023 general election, fewer than 30 per cent of registered voters cast their ballots, highlighting declining public confidence in the electoral process.

Civil liberties have improved compared with the military era, but challenges persist. Citizens enjoy greater freedom to express opinions, organise groups, and participate in public debates. Nevertheless, reports of unlawful arrests, harassment of activists, and restrictions on peaceful protests raise questions about the full protection of civil freedoms.

Electoral integrity has shown some improvement through the deployment of technology by the Independent National Electoral Commission. Yet disputes over election management, vote buying, rigging, logistical failures, and prolonged litigation undermine public trust. Many Nigerians still believe electoral reforms have not gone far enough to guarantee completely transparent elections.

Freedom of expression and association are relatively vibrant. Traditional and social media platforms provide citizens with avenues to criticise government policies and mobilise public opinion. However, journalists, activists, and media organisations occasionally face intimidation, legal pressures, and threats that create concerns about press freedom and democratic openness.

Security is one of Nigeria’s weakest democratic indicators. Insurgency in the North East, banditry in the North West, farmer-herder conflicts in parts of the Middle Belt, separatist tensions in the South-East, and widespread kidnapping have created a climate of fear. Thousands of lives have been lost in violent attacks over the past decade, while many communities live under constant security threats.

The rule of law and judicial independence present a mixed picture. Nigerian courts have delivered landmark judgments that have strengthened democracy and resolved electoral disputes peacefully. Yet allegations of political interference, delays in the justice system, and concerns over selective application of the law affect public confidence in the judiciary.

Protection of individual rights and checks on executive power are among areas requiring improvement. Although constitutional safeguards exist, enforcement is often inconsistent. Institutions responsible for oversight, including the legislature and anti-corruption agencies, sometimes face accusations of weakness or partisanship. Strong democratic systems require institutions that can operate independently of political influence.

On accountability and transparency, Nigeria has made some progress through public procurement reforms, digital financial systems, and increased access to information. Yet corruption remains a major obstacle. Transparency International’s Corruption Perceptions Index has consistently ranked Nigeria among countries facing serious corruption challenges. The misuse of public resources undermines development and public trust.

Citizen participation in governance has expanded through civil society organisations, community groups, and digital engagement. However, many citizens still feel disconnected from decision-making processes. Economically, democracy has not delivered the level of prosperity many expected. Despite being Africa’s most populous nation, Nigeria has been struggling with high inflation, unemployment, poverty, and a rising cost of living. Effective and responsive government remains a challenge as many Nigerians demand better public services, infrastructure, healthcare, and education.

As Nigeria marks Democracy Day, the path forward is clear. Electoral reforms must be strengthened to improve transparency and public confidence. Security agencies must be better equipped and held accountable. Judicial independence should be protected, while anti-corruption institutions must be empowered to act without fear or favour. Governments at all levels should embrace transparency, respect human rights, and prioritise economic policies that create jobs and improve living standards.

Above all, citizens must actively engage in governance. Democracy flourishes not only through elections but also through continuous participation, vigilance, and accountability. The promise of June 12 will be fully realised only when democratic governance delivers freedom, justice, security, and prosperity to all Nigerians.