Firm calls for fuel price reduction
A leading security firm, Emirates Logistics, has called on President Bola Ahmed Tinubu to intervene in the rising cost of petrol and food items across the country, warning that the situation is affecting millions of Nigerian households. Speaking in Abuja over the weekend as the country marked the second anniversary of the Tinubu administration, the […]
A leading security firm, Emirates Logistics, has called on President Bola Ahmed Tinubu to intervene in the rising cost of petrol and food items across the country, warning that the situation is affecting millions of Nigerian households.
Speaking in Abuja over the weekend as the country marked the second anniversary of the Tinubu administration, the Chief Executive Officer of Emirates Logistics, Prince Dr. Benson Onuwaje, urged the federal government to consider establishing a national price control body to stabilise essential commodities.
“The rising cost of fuel and food is a major concern for everyday Nigerians,” Onuwaje said, adding, “We urge the president to act swiftly and consider a national price control mechanism, while also encouraging state and local governments to invest in staple food production.”
Despite this concern, Onuwaje praised the Tinubu administration and National Security Adviser (NSA), Mallam Nuhu Ribadu, for what he described as significant achievements in security, infrastructure, and oil production over the past two years.
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He cited ongoing progress on the Lagos-Calabar Coastal Highway, the repayment of over $35 billion in debt owed to the International Monetary Fund (IMF), and transparent conditional cash transfers as indicators of economic direction under the current administration.
The security expert also lauded the recent launch of the Forest Guard initiative, which he described as a “strategic move” to enhance local security, combat terrorism, and protect Nigeria’s forest reserves and mineral-rich lands.
He added that the initiative would create jobs, improve community policing, and reduce pressure on the military.
Onuwaje, whose company was recently named Nigeria’s Best Security Company of the Year 2024, also acknowledged improved oil production efforts in the Niger Delta and praised Ribadu’s leadership in tackling oil theft and pipeline vandalism.
“Nigeria has the potential to produce over 2 million barrels of oil per day. With the right community engagement and the injection of more professionals into oil and gas safety, we can surpass this goal,” he said.
He further emphasised the need for greater local participation in pipeline protection and investment in modular and large-scale refineries, including the newly launched 650,000-barrel-per-day Dangote Refinery in Lagos.
Onuwaje also welcomed the rollout of student loans for over 550,000 Nigerian students, describing it as “A landmark step towards inclusive education.”
“Nigeria is on a recovery path. While we recognise the challenges, especially in the cost of living, we must also acknowledge the policy foundations laid for long-term development,” he said.