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NLC vows to shut down economic activities over planned fuel price increase

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The Nigeria Labour Congress (NLC) has vowed to ground economic activities across the country if the rumoured Federal government’s plan to increase fuel pump price to N340 turns out to be true.

It revealed that it has started mobilisation of its members for the showdown.

Recall that the Federal government recently announced that its readiness to withdraw subsidies on petroleum products from next year, saying that the burden of the subsidy was heavy to bear.

Speaking at the opening ceremony of 17th NLC Harmattan School in Ilorin, Kwara State, the NLC President, Comrade Ayuba Wabba vowed that labour would resist the attempt by the government to increase the fuel price without making adequate arrangements to cushion the effect.

He contended that if the government succeeds in the plan, the impact of the price hike will affect every Nigerians, motorists, households, transporters, and others.

Wabba lamented that out of the OPEC member countries, it was only Nigeria that was following the International Monetary Fund (IMF) policies, which he described as neoliberal.

According to him, “The concept of accepting deregulation hook line and sinker anchored on import driven price model is not something that we can accept. We have said that without mincing words.

“If you say we are pushing through our throat to accept deregulation on the basis of importation, basically there will be no end to price increase even the issue of saying that once you deregulate without having the capacity to refine for domestic use will bring down the price of PMS, is not correct.

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“When the price of crude oil was almost at a zero level, the price of two items that were deregulated never came down; that is diesel and  the price of kerosene. In fact, they kept going up. The market fundamentals, marketers are out there to make maximum profit and usually they will collude and that is what will happen to Nigeria if we accept that policy hook line and sinker

“The implication is not also on the working class because whether we like it or not, the minimum wage gain has been eroded completely as the issue of failing value of our currency so the major issue under contention is actually how do we stabilise the value if the naira. Once you dont stabilise the value if the naira anything imported will have an effect on the larger economy but also on the cost of goods and services.

“This is the reality. So we are actually calling for reviving of the refineries, making them to work, don’t export our jobs let us benefit substantially from what God has given us freely.

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“Labour has done a lot of studies out of the OPEC countries. We are the only country trying to adopt this IMF imposed model of deregulation on the basis of import driven price mechanism.

“That will not be good for our economy and that is the idea of our argument that yes you can liberalise but not on this monopoly  of making sure that it is only import driven.

“The issue of extending N5,000 to 40 million Nigerians. The impact of the policy of price hike under the name of deregulation will affect every Nigerian citizen either directly or indirectly.

“Either you have a car, a motorcycle or you use a transportation either to move people or bring in farm produce or you are a medium and small enterprise using a small generator, everybody will be impacted and so I dont see the wisdom of saying only 40 million people. We have seen some of these policies where people say they are extending support to Nigerians.

“Remember when the organised labour submitted a list of the working poor N50,000 on request to the ministry of Humanitarian Affairs as I speak to you no single person benefitted yet it is being said that everybody benefitted. We dont have empirical data even on the poor of the poorest and so basically it is going to be the same way those other policies have gone and that is why we said no because there will be spiral.inflation and we have seen that each time there is a slight increase in the pump price of PMS, because of its centrality to our economy, the impact will be very humongous.”

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He said if the government does not reverse the policy, it would adversely affect wage earners and rubbish the minimum wage, adding that it was on that basis that the organised labour decided to engage the process.

He said, “But engaging the process also has to be open. You don’t have to make a pronouncement before inviting labour to the negotiating table because it is like the deed is done and that is why we are also mobilising our people this time around we are not saying increase N5, you are moving the price from N162 or N163 to N340 or N408.

“If we are to actually go by the recommendations of the governors forum, I don’t see how that can be pushed down the throat of Nigerians looking at the impact. Not even the political considerations, it is about the economic impact on buisness, citizens and the fact that it is going to push more Nigerians below the poverty block. These are the concerns labour has had.”

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Tinubu to depart Abuja for official visit to The Netherlands today

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President Bola Tinubu will depart Abuja, the nation’s capital, on Tuesday for the Kingdom of The Netherlands on an official visit.

Ajuri Ngelale, presidential spokesperson, said in a statement on Monday, that Tinubu is visiting The Netherlands at the invitation of Prime Minister Mark Rutte.

 

He added that the president will engage in “high-level discussions with the Prime Minister, as well as hold separate meetings with His Royal Majesty, King Willem-Alexander and Queen Maxima of the Kingdom”.

“The Queen is the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA),” the statement reads.

“While in the Netherlands, the President will participate in the Nigerian-Dutch Business and Investment Forum that will bring together heads of conglomerates and organizations in both countries to explore opportunities for collaboration and partnerships, especially in agriculture and water management towards innovative solutions for sustainable farming practices.

“There will also be extensive discussions with the Dutch officials on port management operations for which they have world-renowned expertise.

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“After his engagements in the Netherlands, the President will proceed to attend a special World Economic Forum (WEF) meeting scheduled for April 28-29 in Riyadh, Saudi Arabia.

 

“At the World Economic Forum meeting, which focuses on Global Collaboration, Growth and Energy for Development, President Tinubu and his entourage will use the opportunity of the gathering of over 1,000 leaders from business, government, and academia to engage in discussions in furtherance of his Renewed Hope Agenda for the country.”

 

Ngelale said Tinubu will be accompanied by some ministers and other senior government officials on the trip.

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State police will curb commercial kidnapping, it’s non-negotiable — Jonathan

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Former President Goodluck Jonathan says the state police is crucial to addressing the challenge of insecurity in the country.

Jonathan spoke in Abuja on Monday at a national security dialogue organised by the house of representatives.

 

The former president said the state police should be established on a framework that makes it difficult to be abused.

 

“The issue today is very critical. One thing is that we don’t need to debate whether we should have state police or not. I think that matter has been concluded. The issue is the operations of the police,” Jonathan said.

 

He said security in Bayelsa was epileptic in the late 90s, noting that it was a security architecture in the form of state police that salvaged the situation.

 

“So there is no way we can manage internal security if states would not have their police,” he added.

 

The former president said the concern is how state police would freely operate without the interference and control of governors and other actors.

“But how would the state police function vis-á-vis the national security architecture,” he asked.

 

“When I set up the 2014 national dialogue, during that period we had lots of challenges in the country.

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“People were agitating so many areas but one thing that the almost 500 (people) agreed without much ado was the issue of state police.”

 

Jonathan said state police is not new to the country as it was practised during the military regime.

 

“You know in this country, we operated it before. Why is it that the military scrapped it? It was because of the abuse and that is the area we should concentrate on,” he said.

 

“How do we manage the state police so it would not be abused by state political actors?

 

“If state political actors are abusing the state police and using the state police to harass and make life miserable for people who do not belong to their political parties, would the commander-in-chief sit down and watch or would he order the military to go and overrun the state police? Of course, that would bring crisis.”

 

Jonathan said the state police should be designed in a way that will not make it clash with the national security architecture of the country.

 

“These things need to be done carefully,” he said.

 

“So, if we are talking about state police, we must also rejig INEC and the police must not be used against or to the advantage of any political party.”

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He advocated that the conduct of elections should be improved to require minimal participation of the police.

 

“So, the national assembly needs to look into all these. These are the areas that we have to concentrate on,” he said.

“The issue of the need for states to have their own police is not negotiable. There is no way we can continue this kidnapping that is going on in this country.

 

“Commercial kidnapping started around 2006, I don’t want to go into that history. But it started in the Niger Delta. Now it is all over the country.

 

“The only thing that can help us if we cannot stop it completely at least we reduce it to the barest minimum is for states to have their police.”

Jonathan said the state police must be well equipped with sophisticated weapons to be able to combat aggression from criminals.

“Sometimes people say the state police should have limited weapons, that the calibre of weapons they should have should be limited. That is an area that must also be cleared, we must be careful with it,” he said.

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“I am not expecting states to have rockets and missiles, but the conventional weapons if you look at the calibre of weapons criminals use, the states must have superior weapons or at least equal.

 

“If you make the state (police) have weapons that are inferior to the ones that the criminals are using, then you are asking them to commit suicide in the field.

“So we must not even go there in terms of limiting the capacity of the state police. A state that has enough resources must equip the police very well and that state can also assist other states that have challenges.”

 

Also speaking, Vice-President Kashim Shettima said the federal government would support the consensus of the dialogue.

 

“The president is committed to listening to your recommendations and insights invariable to share in the policies that would lead us to a more secure and good society,” Shettima said.

 

On his part, Abdulsalami Abubakar, former head of state, harped on the need for the government to be transparent, honest, and accountable to citizens.

 

Abubakar said there should critical discussion on how the state police would operate.

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FG to sell DisCos managed by AMCON, banks in next three months

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The Federal Government says it would sell off five electricity distribution companies (DisCos) under the management of banks and Asset Management Corporation of Nigeria (AMCON) in the next three months to technical power operators.

 

Adebayo Adelabu, minister of power, spoke in Abuja on Monday when the members of the senate committee on power visited the ministry.

 

The five DisCos include Abuja Electricity Distribution Company (AEDC), currently under the management of the United Bank for Africa (UBA); Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company, managed by Fidelity Bank, while Ibadan Electricity Distribution Company is under AMCON management.

 

The DisCos are under the management of the banks and AMCON due to their debt burden.

Adelabu said the energy distribution assets are technical and as such, they should be under the management of technical experts.

 

He also said the tough decision on the DisCos has become necessary because the entire Nigerian Electricity Supply Industry (NESI) fails when they refuse to perform.

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According to Adebayo, the ministry will prevail on the Nigerian Electricity Regulatory Commission (NERC) to revoke underperforming licenses and also change the management board of the DisCos if it becomes the solution.

 

“On distribution, very soon you will see that tough decisions will be taken on the DisCos. They are the last lap of the sector. If they don’t perform, the entire sector is not performing,” Adebayo said.

 

”The entire ministry is not performing. We have put pressure on NERC, which is their regulator to make sure they raise the bar on regulation activities.

 

”If they have to withdraw licenses for non-performance, why not? If they have to change the board of management, why not?

 

“And all the DisCos that are still under AMCON and Banks, within the next three months, must be sold to technical power operators with good reputations in utility management.

“We can no longer afford AMCON to run our DisCos. We can no longer afford the banks to run our DisCos. This is a technical industry and it must be run by technical experts.”

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The minister further said it has become necessary to reorganise the DisCos for efficiency.

 

He stressed that Ibadan DisCo is too large for one company to manage.

 

FG TO REVOKE METRE CONTRACT FROM FIRM

Adelabu also dropped the hint that the federal government mobilised a company named Messr Zigglass with $200 million (N32 billion) to supply three million meters that were yet to be supplied to date.

 

“If you held N32 billion for these years, where is the interest,” he asked.

 

According to Adelabu, President Bola Tinubu directed that the contract be revoked.

 

He said the government will bridge the current eight million metering gap in the next four to five years.

 

The minister said the funding for the metre is coming from a seed capital of N100 billion and N75 billion.

 

He added that the Nigerian Sovereign Investment Authority (NISA) is coming to the aid of the ministry with the fund.

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