Friday, May 3, 2024
More

    Latest Posts

    NDIC raises deposit insurance coverage level for banks nationwide

    The Nigeria Deposit Insurance Corporation has announced a revision of the Maximum Deposit Insurance Coverage for banks operating within the country.   At a media briefing...

    FCT police nab two for child-proof king 9

    Operatives of the Federal Capital Territory Police Command have arrested two female suspects, identified as Kulu Dogonyaro and Elizabeth Ojah for child trafficking.   They were...

    Kaduna Bombing: Military concludes investigation, indicts two officers

    The military has completed its investigation into the bombing of Tudun Biri village in Kaduna State, indicting two Nigerian Army officers. The officers will face...

    Davido vs WizKid; The Genesis of the ‘Frog voice’ and ‘Size 7 shoe n*gga’ feud

    Wizkid and Davido have set social media ablaze with fiery and confrontational jabs at each other.   X, formally known as Twitter, is the battleground for...

    End fuel scarcity, price hikes, Labour urges FG

    The Nigeria Labour Congress and Trade Union Congress have urged the Federal Government to put an end to the fuel shortages and price hikes in the country.

    The Presidents of NLC and the TUC, Ayuba Wabba and Mr Festus Osifo said this in a statement, signed by them on Saturday in Abuja.

    They said that the fuel shortages, price hikes and avoidable long queues in filling stations are unacceptable and no longer tolerable.

    The labour leaders said the Federal Government should put an end to the avoidable, unnecessary, crippling and pain-inducing fuel shortages and unapproved price hikes of up to N240 per litre in the country.

     

    They warned ”No excuse is good enough to cripple the country.

    ”If there are challenges, they should be fixed. We have a government in power to fix challenges not to make excuses,’’ they said in their statement.

    The statement said the labour leaders were bewildered and disturbed by the persistent shortage and uncontrollable prices that players in the downstream sector of the petroleum industry were meting out to Nigerians.

    It noted that the persistent shortages of Premium Motor Spirit, otherwise called petrol, had become a source of pain to the Nigerian people.

    It said this had led not just to long avoidable queues, but to adulteration of the product by unscrupulous elements, exploitation of the consumers and turning fuel stations to traffic menace.

    “All these have tragic consequences for the Nigerian people and debilitating effects on the health of the economy which itself is not in a good state.

    “We are reliably informed that the shortage is deliberately fostered by players in the downstream sector in other to hike the price far above the government-approved threshold.

    “It is an added problem when non-state actors begin to arrogate to themselves the power to determine the price of a litre of fuel far above the rate pegged by government in the current subsidy regime,” it said.

    The labour leaders also said that the Nigerian people and the taxpayers currently spend trillions of Naira annually to subsidise petrol.

    They added that the same people could not be exploited and made to pay over N240 per litre when the current ex-depot price was N148.19k per litre.

    Their statement noted that the opportunity cost of the subsidy payment was enormous and yet the benefit of the subsidy regime is gradually been eroded.

    According to them, no country develops when its people are subjected to perennial hardship and its industries are shackled by unnecessary chains of miseries.

    “It is more disturbing that the government is equally demonstrating a high level of culpability in the unwholesome situation by its silence and unwillingness to frontally and publicly address the harrowing experiences in the current situation.

    “No concerned and responsive government will bury its head in the sands like the proverbial Ostrich while the citizens are being brutally exploited.

    “We are strongly worried that leaving our energy security and sovereignty in the hands of unscrupulous capitalists and their collaborators will further plunge this nation into the economic abyss we are working hard to avoid,” it said.

    The statement said that Organised Labour is ready and willing to engage the Federal Government and assist in all ways possible to overcome the country’s present challenges.

    It called on the regulatory and law enforcement agencies to do more to protect Nigerians from exploitation.

    NAN

    Latest Posts

    NDIC raises deposit insurance coverage level for banks nationwide

    The Nigeria Deposit Insurance Corporation has announced a revision of the Maximum Deposit Insurance Coverage for banks operating within the country.   At a media briefing...

    FCT police nab two for child-proof king 9

    Operatives of the Federal Capital Territory Police Command have arrested two female suspects, identified as Kulu Dogonyaro and Elizabeth Ojah for child trafficking.   They were...

    Kaduna Bombing: Military concludes investigation, indicts two officers

    The military has completed its investigation into the bombing of Tudun Biri village in Kaduna State, indicting two Nigerian Army officers. The officers will face...

    Davido vs WizKid; The Genesis of the ‘Frog voice’ and ‘Size 7 shoe n*gga’ feud

    Wizkid and Davido have set social media ablaze with fiery and confrontational jabs at each other.   X, formally known as Twitter, is the battleground for...

    Don't Miss

    Wike’s loyalist rejects Fubara’s redeployment, resigns as Rivers commissioner

    The Rivers State Attorney-General and Commissioner for Justice, Prof. Zaccaeus Adangor, SAN has rejected his redeployment to the Ministry of Special Duties (Governor’s Office),...

    FG grounds Dana Air operations after Lagos airport incident

    The Minister of Aviation, Festus Keyamo has suspended Dana Airline operations due to concerns surrounding the safety and financial viability of their operations. One of...

    Anti-graft war turns Nollywood drama as EFCC goes after Yahaya Bello

    In the past few days, the nation has been riveted by the altercation between the Economic and Financial Crimes Commission and ex-Kogi State governor,...

    Nollywood veteran actor, Zulu Adigwe is dead

    The Nigerian movie industry has again been thrown into mourning after the news of the death of another veteran Nollywood actor, Zulu Adigwe, surfaced...

    Fubara reshuffles cabinet, redeploys two Wike’s loyalists

    Rivers State Governor, Siminalayi Fubara, has redeployed two commissioners who are loyalists of the Minister of the Federal Capital Territory, Nyesom Wike. The former Attorney-General...

    Stay in touch

    To be updated with all the latest news, offers and special announcements.