Connect with us

Breaking News

Breaking: NLC rejects increase in Fuel price and demands immediate reversal

Published

on

The Nigeria Labour Congress (NLC) has rejected the recent increase in the pump price of petrol across the country.

Recall that last Friday, November 13, the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, increased the ex-depot price of petrol from N147.67 per litre to N155.17. Following the announcement, the Independent Petroleum Marketers Association of Nigeria said the implication was that the pump price of petrol would range from N168 to N170 per litre. Thie new price regime took effect last Friday.

In a statement released today November 16, the NLC president, Ayuba Wabba, condemned the increase saying the price increase will definitely increase the current level of pain and anguish in the country.

Wabba hinted that the congress would receive an update from its affiliates who were members of various committees set up after the last round of negotiations with the Federal Government and that the outcome of its engagement with the unions will determine the next line of actions to be taken by Labour concerning the new petrol pump price.

Here’s the statement:

“There is no doubt that there is great disquiet in the land over the extraordinary level of inflation in the country. The recent increase in the pump price of the Premium Motor Spirit (PMS) has only exacerbated the current level of pain and anguish in the country. The recent increase in the pump price of PMS is clearly against the spirit and content of what organized labour agreed with government at the last negotiations over the last fuel price increase.

It has also cast in very bad light our utmost good faith with regards to government explanations that it lacks funds to continue bankrolling the so-called subsidy payments as such would sooner than later cripple the entire economy, throw the country into severe economic crisis and cause loss of jobs in millions.

While we await the full recovery of our refineries as contained in our agreement with the government, Nigerians cannot be made to bleed endlessly for the failures of successive government to properly manage our refineries, ensure value for money for the numerous Turn Around Maintenance (TAM) which were poorly and barely executed and the horrifying lack of interest in prosecuting public officials and private business people who have profited from the rot in our petroleum sector and the collective misery they have imposed on the general population.

“The truth is that we would not have been in this precarious situation if the government had been alive to its responsibilities. There is a limit to what the citizens can tolerate if this abysmal increases in the price of refined petroleum products and other essential goods and services continue. While we fix our refineries, there are a number of options open to the government to stem the tide of high prices of refined petroleum products.

“One is for the government to declare a state of emergency in our downstream petroleum sector. As a follow up to this, the government should enter into contract refining with refineries closer home to Nigeria. This will ensure that the cost of supplying crude oil is negotiated away from the prevailing international market rate so that the landing cost of refined petroleum products is significantly reduced.

“Government should also demonstrate the will to stamp out the smuggling of petroleum products out of Nigeria. We need to see big-time petroleum smugglers arraigned in the court of law and made to pay for their crimes against the Nigerian people. Government has the resources available to it to ensure this economic justice to Nigerians.

“The question in the minds of many Nigerians is if the government is willing to go headlong against major financiers of the major political parties known to the public as the architects of the current national woe.

“We also demand that Nigerians should be carried along on the distribution of refined petroleum products. Information on the distribution of petroleum products to petrol stations should be advertised and made public knowledge.

“It should not be difficult to establish the average time it takes a petrol station to exhaust its supplies. There is already an established market trend which will help the government fix the rot in Nigeria’s downstream petroleum sector.

“Second, we call on the government to review the entire process of licensing for modular and bigger refineries. It is queer to depend on the enterprise of one man to fix Nigeria’s downstream petroleum subsector. The more public and private refineries in play the higher the competition. This would serve end consumers who would benefit from lower prices. Organized Labour will not accept a fait accompli of the monopoly of Nigeria’s downstream petroleum sector or the emergence of a cartel of Oligarchs whose end game is mass pauperization.

“Third, in line with our recent agreement with the government, we will be receiving updates in the next few days from our unions in the petroleum sector which have been given the mandate to keep surveillance on a government promise to overhaul our public refineries. We will also receive updates from our representatives in the electricity review committee. The updates we receive will determine whether the government has kept to its side of the bargain which is to take serious steps to recover and reposition our public refineries.” 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Breaking News

Breaking News: Uche Obguagu, 5 other Imo Assembly Members suspended.

Published

on

Few minutes ago, the member representing Ikeduru State Constituency in Imo State House of Assembly, Amb Uche Ogbuagu among other five House Members were suspended by the leadership of the House.

Lead Express gathered that the House Members after emergency sitting resolved to suspend the House members.

At the time of filing this report, this paper had not learnt the reasons behind the sudden suspension.

The six House Members suspended were; Hon.Uche Ogbuagu, Hon. Philip Ejiogu, Hon. Kennedy Ibeh, Hon Dominic Ezerioha, Hon Crown Onyemaechi.

Read Also; Okorocha takes Imo APC battle to Abuja, insists on Nwafor led Excos

Continue Reading

Breaking News

BREAKING: Army renames Operation Lafiya Dole in North-East

Published

on

The Chief of Army Staff, Lieutenant General Ibrahim Attahiru, has approved the renaming of the ongoing counterinsurgency operation in the North-East from Operation Lafiya Dole to Operation Hadin Kai, the Nigerian Army has said.

This was contained in statement on Friday signed by Director Army Public Relations, Brigadier General Mohammed Yerima.

The statement was titled, ‘Nigerian Army Renames Operation In The North East, Seeks Inclusiveness’.

It read, “The Chief of Army Staff Lieutenant General Ibrahim Attahiru has approved the renaming of the ongoing Counterinsurgency Operation in the North East from Operation Lafiya Dole to Operation Hadin Kai.

“This is premised on the fact that the Nigerian Army has made a lot of progress over the years and needs to re-align for better efficiency.

Read Also: Istanbul’ll host Champions League final despite lockdown –UEFA

“Also affected in the re-designation are the Army Super Camps which now reflect the nomenclature of the formations and units followed by the name of the locations they occupy while sub-units are redesigned as Forward Operating Bases followed by the name of their locations. All these changes are with immediate effect.

“The renaming is in line with the COAS Vision of having ‘A Nigerian Army that is Repositioned to Professionally Defeat all Adversaries in a Joint Environment’.

Continue Reading

Breaking News

BREAKING: Five dead as gunmen set ablaze Imo police area command

Published

on

Tension heightened in Imo State, on Monday, as unknown gunmen razed the Okigwe South Police Area Command situated in Orieagu in the Ehime Mbano Local Government Area of Imo State.

A police officer at the headquarters, who spoke to our correspondent in the evening, said that on arrival, the gunmen opened fire on the cops who challenged them.

It was learnt that the invaders freed all the suspects in the cells and carted away arms.

The source said that no fewer than five policemen were shot dead by the attackers as they torch the security facility.

Read Also: UEFA to probe Ibrahimovic’s alleged investment in betting company

The source said, “Our area command headquarters in Okigwe south is on fire. Six policemen shot dead. They also freed the suspects before igniting a fire on the facility.”

When contacted, the police spokesperson in the state, Orlando Ikeokwu, said that five policemen were killed while one was missing during the attack.

He disclosed that the command had launched an investigation into the onslaught.

Continue Reading

Facebook

Advertisement

Trending