Editorial
Tinubu’s Broadcast: The Missing Link
President Bola Ahmed Tinubu’s nationwide speech on July 31, 2023, recognised the inauspicious impact of his fiscal and monetary policies on Nigerians. The Tide appreciates his efforts in engaging with citizens’ concerns and comprehending their predicament. We encourage him to sustain a firm commitment to interactive engagement as an inherent feature of his government.
In his nationwide broadcast, the President addressed Nigerians’ concerns regarding the challenging economic situation directly resulting from his government’s recent policies. He empathised with the citizens and justified the necessity of the tough decisions made for the benefit of the country.
However, the speech concentrated on populist grandiosity but disregarded pragmatic measures to forestall subsidy removal and exchange rate flop. Interventions embodied N75billion for 75 enterprises, N125billion for MSMEs, the freeing of 200,000 metric tons of grains, N200 billion for cultivation, and N100billion for gas-powered buses. But Nigerians require more concrete measures to effectively palliate the impact.
For many Nigerians, the broadcast is uninspiring as it failed to tackle essential issues dissembling their standard of living and businesses. For instance, the President failed to cite primal solutions such as local refining of petroleum products, concrete plans for mass transit systems, lifting the employment embargo, or affording a well-defined timeline for raising remunerations and salaries, among others.
Undoubtedly, Tinubu’s policies have caused inflation, particularly impacting small-scale businesses and industries dependent on petrol. This has a disconfirming impact on commercial-grade motorcyclists and local barbers. Major enterprises reliant on the dollar face high exchange rates, ensuing in significantly increased prices for crucial goods, and placing a strain on the average Nigerian’s finances.
The President accused some people of embezzling subsidy funds, but surprisingly no action has been taken to recover the stolen money or penalise the corrupt. The Nigeria Customs Service, the Economic and Financial Crimes Commission, and the Nigeria Security and Civil Defence Corps were established to combat petroleum smuggling and protect the subsidy scheme, but their inactivity has contributed to its collapse. Accountability for officials and those accepting funds without fulfilling obligations is needed.
The palliative measures announced by Mr. President are unrealistic and cannot furnish temporary relief or a lasting solution to Nigeria’s rising living expenses. The authorities must re-evaluate the monetary and fiscal policies, which have caused the disorderly economic environment. A sustainable approach to reforms must be enforced by the Tinubu administration to harness the economic issues.
Despite the President’s promise that the Port Harcourt refinery would operate in December in a meeting with the NLC and TUC leadership to forfend the last protest against subsidy removal, we insist that the refinery solely cannot satisfy the fuel demands of Nigerians. Moreover, Tinubu failed to mention when the other refineries would be operative.
The operational date of the Port Harcourt refinery has been uncertain consequent upon multiple timelines presented in the past. Former Minister of State for Petroleum, Timipre Sylva, pledged that it would be running by December last year, but another date of September 2022 was afterwards given. It is mandatory for all the refineries to be operable by the end of the year.
Also in the broadcast, the President mentioned billions of naira budgeted for dissimilar palliatives, loans for students, and gratuitous buses, and how they had preserved over N1 trillion from subsidy removal within a month. We opine that Tinubu and his team should invest the proceeds in the refurbishment of all the refineries in the country to deal with the subsidy question.
Regrettably, little interest has been demonstrated by the Federal Government in revamping the nation’s refineries. The President’s proposed solutions to the country’s economic challenges are ill-conceived. His address lacks the necessary panacea for Nigeria’s current economic conditions. Hence, the problems, inflictions, and adversities will persevere until the refineries are operational.
Even with the removal of subsidy on petroleum products, we reiterate that with a dexterous, transparent and innovative management of resources, economic potentials, national comparative advantage, and expanded value chain in refining capacity, petrol should not sell for more than N150 per litre in the country.
We also observe the absence of provisions in the speech regarding riverine and coastal transportation, as well as haulage, which embody important components driving Nigeria’s trade, commerce, agriculture, and industrial sectors. In the light of these novel challenges presented by the speech, Nigerians should refrain from despair and uphold composure, supporting one another during this precarious period.
Efforts should focus on reducing governance costs and re-allocating savings towards infrastructure provision. If petroleum products cannot be subsidised, other sectors like health, transportation, and education should be considered. Tinubu’s administration must address the insufficient palliatives announced on May 29, 2023, as they cannot inhibit the sufferings of Nigerians.
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Editorial
That Oshiomhole’s Call On FG’s Road Projects
There are moments in the life of a legislature when plain speaking becomes a public service. Senator Adams Oshiomhole provided such a moment on the floor of the Senate when he accused the Minister of Works, Senator David Umahi, of manifestly neglecting critical federal arteries in Edo and Delta States, and implored his colleagues to prevail on the Minister to adopt a more equitable and genuinely national approach to road infrastructure delivery. It was blunt, it was uncomfortable, and it was necessary.
The specifics of his complaint deserve restating. Drawing attention to the recent approval of some 20 new road projects despite the parlous state of existing ones, the former Edo State governor lamented that Nigerians cannot travel from Benin to Warri, Benin to Asaba, Benin to Auchi, or Auchi to Okene without encountering severe distress. He alleged a deliberate omission of these corridors from the national budget in the last three years, save for palliative interventions directed by President Bola Tinubu through tax credit arrangements. His question — “What have we done wrong?” — resonates far beyond the chambers of the National Assembly.
We lend our full and unequivocal support to that call. The Auchi-Benin Road, for instance, has been in a deplorable and near-impassable condition for several years, turning what should be a two-hour journey into an all-day ordeal of broken axles, extortionate fares, and despondent commuters. The media have, on multiple occasions, chronicled the suffering of motorists, traders, and students who ply that route. To describe it as a federal road today is to stretch the meaning of the term beyond recognition.
This pattern of sidelining is not confined to Edo or Delta. Even here in Rivers State, the disposition of the Federal Ministry of Works has left much to be desired, particularly along the Eleme axis of the East-West Road. That road, which ought to be a flagship of federal presence in the Niger Delta, has remained in a wretched state for long. Those who use it daily — workers at the Eleme Petrochemical Complex, the two refineries, Onne Port, and the countless ancillary industries — can attest to its deterioration. Work has proceeded in fits and starts without the sustained urgency such a strategic road demands.
The Eleme stretch is not a mere intra-state byway. It is the gateway to the nation’s economic jugular. According to the Federal Ministry of Works and Housing’s 2023 Highway Condition Survey, only about 35 per cent of the country’s 36,000 kilometres of federal roads are rated as being in good or fair condition, with the remainder classified as poor or very poor. The East-West Road, conceived in the 1970s to bind the entire Niger Delta, remains unfinished in critical sections more than four decades after. If it had been treated as a priority, the perennial gridlock, carnage, and economic loss on the Eleme-Refinery junction would have long been consigned to history.
The irony is as painful as it is glaring. The Niger Delta remains the goose that lays the golden eggs. Data from the Nigeria Extractive Industries Transparency Initiative [NEITI 2023 Oil and Gas Audit] show that the region still accounts for over 78 per cent of Nigeria’s federally collected export earnings and about 65 per cent of total government revenue. The National Bureau of Statistics [NBS Foreign Trade Report Q4 2024] similarly confirms that crude oil continues to dominate export receipts. By every metric of equity and economic logic, a region that sustains the national purse deserves first-rate consideration in the allocation of infrastructure, not afterthoughts and tokenism.
Road infrastructure is not largesse to be dispensed by favour; it is the skeleton upon which commerce, cohesion, and citizenship hang. When contracts are concentrated in one geopolitical zone while other zones are left to contend with craters, it erodes trust in the federation itself. The World Bank’s Nigeria Development Update [June 2023] estimated that poor transport connectivity inflates the cost of moving goods by up to 40 per cent and costs the Nigerian economy an estimated $1.5 billion annually in lost man-hours and vehicle maintenance. If we profess to be one country, then equity must be the compass that guides key institutions before any project is executed. Development must spread round, not pool in one place as though other regions do not matter.
There is also a grave security dimension that can no longer be ignored. The deplorable condition of federal roads has become a veritable enabler of criminality. The NBS Crime Experience and Security Perception Survey reported over 2.5 million incidents of kidnapping-related occurrences nationally, with transport workers identifying bad road spots as prime ambush points. When vehicles are forced to crawl at 10 kilometres per hour through failed sections at Auchi, Sapele Road, or Eleme, they become sitting ducks for armed gangs. Fixing bad roads, therefore, is not merely about convenience; it is about safeguarding lives.
By his intervention, Senator Oshiomhole has hit the nail on the head and reminded Minister Umahi of a fundamental constitutional truth: public office is held in trust. The Ministry of Works is not a personal estate where contracts are awarded according to whim or political convenience. It is a national institution funded by the collective resources of Nigerians, including the oil and gas rents from the very communities whose roads are now neglected. The Minister must demonstrate balance, transparency, and a pan-Nigerian outlook in the distribution of projects that impact the daily existence of citizens. Selective neglect breeds suspicion, and suspicion is corrosive at a time when the nation is preaching unity, oneness, equity, and justice.
Consequently, the National Assembly must go beyond rhetoric and assert its oversight powers with vigour. Sections 88 and 89 of the 1999 Constitution [as amended] empower the legislature to investigate and expose any maladministration in the execution of federal projects. If an office holder is not acting rightly, it is the duty of the Senate and the House of Representatives to call him to order. Oversight must not be reduced to budget approval ceremonies; it must translate to field verification, public hearings, and insistence that the Federal Character principle, as enshrined in Section 14(3) of the Constitution, reflects in road awards.
Let the Auchi-Okene, Benin-Warri, Benin-Asaba, and Eleme East-West gangways be restored to motorable dignity. Let priority be given to completing existing, economically vital roads before embarking on new ones. If those who, through their resources, sustain the federation are sidelined in the distribution of tangible dividends, it tells poorly of our nationhood. Bad roads must be fixed, and they must be fixed now, with fairness as the guiding standard.
Editorial
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