Monday, December 9, 2024
More

    Latest Posts

    Edo: APC, PDP begin legal battle at tribunal today

    The All Progressives Congress and the Peoples Democratic Party say they are ready for legal battle as the Edo State Governorship Election Petition Tribunal...

    Marketers begin direct loading from Dangote refinery

    The Independent Petroleum Marketers Association of Nigeria has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, The PUNCH can report. This follows...

    FG disowns fake ambassadorial nominees list

    The Ministry of Foreign Affairs has urged the public to disregard a fake list of ambassadorial nominees circulating on social media. In a press release...

    Ondo poll: INEC blames bank as ad hoc staff demand payment

    Ad hoc staff recruited by the Independent National Electoral Commission for the November 16 governorship election in Ondo State have accused the commission of...

    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

    Edo: APC, PDP begin legal battle at tribunal today

    The All Progressives Congress and the Peoples Democratic Party say they are ready for legal battle as the Edo State Governorship Election Petition Tribunal...

    Marketers begin direct loading from Dangote refinery

    The Independent Petroleum Marketers Association of Nigeria has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, The PUNCH can report. This follows...

    FG disowns fake ambassadorial nominees list

    The Ministry of Foreign Affairs has urged the public to disregard a fake list of ambassadorial nominees circulating on social media. In a press release...

    Ondo poll: INEC blames bank as ad hoc staff demand payment

    Ad hoc staff recruited by the Independent National Electoral Commission for the November 16 governorship election in Ondo State have accused the commission of...

    Don't Miss

    Rivers crisis will make Fubara political general – Jonathan

    Former President Goodluck Jonathan has said though antagonism is a common experience that leaders face, the political war staged against the Rivers State Governor,...

    RCCG pastor arrested abroad for greeting ‘ladies and gentlemen,’ — Adeboye

    The General Overseer, Redeemed Christian Church of God, Pastor Enoch Adeboye, has lamented the arrest of one of the church’s pastors abroad. He said the...

    Minimum Wage: Strike begins in five states, FCT as panel meets

    Barring any last-minute change of plan, the workers in the Federal Capital Territory, Cross River, Nasarawa, Ebonyi, Kaduna and Zamfara states may down tools...

    PH refinery: Low-key operation begins, marketers oppose N1,030/litre

    The Port Harcourt Refining Company has clarified that its operations were not completely halted but scaled down to facilitate improvements at the facility. It disclosed...

    Tax reform: Reps suspend debate indefinitely as northern govs mount pressure

    The House of Representatives has suspended indefinitely the debate on the Tax Reforms Bills earlier fixed for Tuesday following mounting pressure from the 19...

    Stay in touch

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