President Bola Tinubu’s 30-day petrol price intervention has reopened a fundamental debate about economic consistency, the burden of fuel pricing on ordinary Nigerians and the government’s responsibility to protect citizens from worsening hardship.
The Federal Government’s decision to have NNPC Retail forgo its retail profit margin and sell petrol at cost raises questions about the relationship between the administration’s commitment to deregulation and its willingness to intervene when prices become politically and economically difficult to sustain.
During a televised interview, Tinubu responded to a question from Babajide Kolade Otitoju about controlling petrol prices by declaring that he did not believe in price control. The publicly available interview provides a basis for examining the consistency of the administration’s current approach.
Although the Presidency has clarified that the 30-day measure is not a restoration of blanket fuel subsidy, Nigerians deserve a clear explanation of its scope, implementation and likely consequences when it expires.
The central question is straightforward: why should citizens bear the full weight of harsh economic adjustments only to receive temporary relief when the consequences become increasingly difficult to ignore?Economic policies must serve the people
The removal of longstanding petroleum price support and the adoption of market oriented policies have significantly altered the economic conditions confronting Nigerian households. Rising transport expenses affect food prices, workers’ disposable incomes, small businesses and the cost of accessing essential services.
For millions of Nigerians, the debate is not simply about whether petrol prices are determined by market forces. It is about whether wages, public services and social protection can sustain a decent standard of living under prevailing economic conditions.
Government must therefore be judged by the practical consequences of its policies. Economic reform cannot be considered successful merely because it changes pricing arrangements or satisfies a particular economic doctrine. It must also demonstrate measurable improvements in livelihoods, productivity, employment and public welfare.
Nigerians must not be impoverished by government policies only to be offered short-term relief as an instrument of electoral persuasion. Poverty must never become a weapon for trading away the people's economic dignity or democratic choices.
Nigeria’s foreign economic agreements require transparency
The Nigeria–France tax cooperation memorandum and the September 2026 Nigeria–United States mineral investment pact also deserve public scrutiny.
The tax cooperation arrangement involves collaboration between Nigeria’s Federal Inland Revenue Service and France’s tax authority. The mineral investment pact establishes a framework for American investment in Nigeria’s mineral sector, whose resources the Federal Government values at $700 billion.
International cooperation and foreign investment can offer opportunities for economic development. However, the public has a legitimate interest in understanding the terms of agreements that may affect national revenue, mineral wealth, regulatory authority and the distribution of economic benefits.
The government should explain how these arrangements protect Nigeria’s interests, strengthen domestic capacity, improve revenue generation and create tangible benefits for citizens and host communities.
Economic sovereignty is not necessarily incompatible with international partnerships. Rather, it requires that such partnerships be negotiated transparently, administered responsibly and structured to advance national development.
The temporary petrol price intervention raises another pressing question: what happens when the 30 days end?
The possibility of petrol prices reaching ₦2,200–₦2,500 per litre by December has been raised as a concern. Such figures should not be treated as confirmed future prices without reliable supporting evidence. Nevertheless, Nigerians deserve transparent information about the factors driving petroleum prices and the government’s plans for preventing further deterioration in living standards.
Comparisons with petrol prices in other countries are also insufficient when they ignore differences in wages, purchasing power, taxation, public transport, social protection and living standards.
The real measure of affordability is not the price displayed at a filling station alone. It is the proportion of a worker’s income required to purchase fuel and meet other essential needs.
A responsible economic policy must account for food, transportation, housing, healthcare, education and employment. The market cannot be treated as an abstract mechanism detached from the people whose daily lives depend on it.
2027: NIGERIANS MUST DEFEND THEIR DEMOCRATIC CHOICES
Economic hardship and democratic accountability are closely connected. Citizens must be able to evaluate the performance of those in power and determine, through credible elections, whether they deserve another mandate.
As Nigeria approaches the 2027 general elections, voters must organise to protect the integrity of the electoral process. Political parties, civil society organisations, election observers and citizens should monitor polling activities, document irregularities, report violations and pursue lawful remedies.
The responsibility to protect the ballot extends beyond election day. It includes defending the transparency of the entire process, demanding accountability from electoral institutions and insisting that every legitimate vote counts.
Governor Babagana Zulum and other political figures whose public statements have raised concerns about electoral manipulation must understand that Nigerians will not accept the subversion of their democratic rights.
No politician owns Nigeria’s democracy. No political party has the right to impose an electoral outcome contrary to the lawful choices of voters.
Our response to electoral fraud, intimidation and the denial of legitimate mandates must be organised, peaceful, lawful and resolute.
Our call to action
Mẹkunnu Kọya calls on Nigerians to demand:
* Transparent petrol pricing: Clear information about the 30-day intervention, its implementation and the arrangements that will follow its expiration.
* Economic accountability: Public explanations of policies and agreements affecting national revenue, mineral resources and citizens’ welfare.
* People centred economic reforms: Policies that address purchasing power, employment, the cost of living and the protection of vulnerable households.
* Credible elections: Effective monitoring, transparent procedures and lawful action against electoral fraud and intimidation.
- Protection of the people’s mandate: A collective commitment to ensuring that every legitimate vote is counted and respected.
Nigeria cannot build a just society by asking its citizens to endure indefinite hardship while denying them meaningful accountability. Nor can democracy flourish when voters fear that their choices may be manipulated.
The struggle for economic dignity and the defence of the ballot are inseparable. Nigerians must neither surrender their economic future to policies that impoverish them nor surrender their democratic mandates to those who seek to subvert them.
Our message is clear:
ONE PERSON, ONE VOTE!
NO RIGGING, NO STOLEN MANDATE!
PROTECT THE VOTE, DEFEND THE PEOPLE’S WILL!
Comrade Wale Balogun is the Convener of Mẹkunnu Kọya. He writes from Lagos.
9 October 2026.