A prominent security firm, Emirates Logistics, has urged President Bola Ahmed Tinubu to tackle the rising cost of petrol and food products nationwide, stating that this predicament is impacting millions of households in Nigeria.

Speaking in Abuja over the weekend, as the country marked the second anniversary of the Tinubu administration, Prince Dr. Benson Onuwaje, the Chief Executive Officer of Emirates Logistics, called on the federal government to consider establishing a national price control authority to help stabilize essential commodities.

“The increasing prices of fuel and food are a major concern for everyday Nigerians,” Onuwaje stated, adding, “We urge the president to take swift action and think about establishing a national price control system, while also encouraging state and local governments to invest in the production of staple foods.”

Despite these concern, Onuwaje praised the Tinubu administration and National Security Adviser (NSA), Mallam Nuhu Ribadu, for what he described as impressive achievements in security, infrastructure, and oil production over the past two years.

He referenced that the economic trajectory under the current administration includes the ongoing progress on the Lagos-Calabar Coastal Highway, the resolution of debts to the International Monetary Fund (IMF), and the evident conditional cash transfers.

The security expert also commended the recent launch of the Forest Guard program, which he described as a “strategic move” to strengthen local security, fight terrorism, and protect Nigeria’s forest areas and regions rich in minerals.

In his remarks, he stated that the initiative would generate employment opportunities, improve community policing, and reduce pressure on the military.

Onuwaje, whose company was recently named Nigeria’s Best Security Company of the Year for 2024, praised the improvements being made in oil production in the Niger Delta. He commended Ribadu for his efforts in fighting oil theft and damage to pipelines.

“Nigeria has the ability to produce more than 2 million barrels of oil each day. By working closely with local communities and involving more experts in oil and gas safety, we can achieve this goal,” he said.

He also stressed the need for more local involvement in keeping pipelines secure and highlighted the importance of investing in different types of refineries, including the impressive 650,000-barrel-per-day Dangote Refinery that recently opened in Lagos.

Onuwaje also expressed his support for plans to provide student loans to over 550,000 Nigerian students, calling it an important step toward making education accessible to everyone.

Nigeria is making strides towards recovery. Although we acknowledge the difficulties, particularly regarding the cost of living, we should also value the policy foundations laid for long term development. He stated.