Tag: Deregulation

Buhari Deploys Osinbajo to meet NLC as Countdown for Fuel Price Hike Begins

Efe Wellington

Nigerian government says no going back on full deregulation, Osinbajo-led panel to convince labour to accept fuel subsidy removal, N5,000 transport palliative   President Muhammadu Buhari has given a go-ahead to Vice President Yemi Osinbajo to meet with the Nigeria Labour Congress and other stakeholders over looming subsidy removal and its resultant impact of a hike in pump price of Premium Motor Spirit (PMS) also known as petrol across the country. Platforms Africa reports that panel led by Osinbajo has the mandate to convince the NLC to consider the proposed…

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It’s A No-No: NLC Rejects Planned Petrol Price Hike, N340 per Litre Target

Aliyu Aliyu

Here is why the labour union labelled Government’s N5,000 Monthly Transport Grant plan for citizens as “Comical”   The Nigeria Labour Congress (NLC) has rejected a planned petroleum price increase. Platforms Africa reports that NLC President, Ayuba Wabba, made the call in a statement he issued to reporters in Abuja, entitled: ”Nigerian workers refused to take the bait’’. According to him, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that petrol could cost as much as N340 from February 2022. Mr Wabba described as “comical“ the…

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Why Labour Unions must support Petrol Market’s deregulation – CSOs

Dawood Rabiu

  The Coalition of Nigerian Civil Society Organisations for Petroleum and Energy Security (CONCSOPES) has called on organised labour to support government’s efforts to deregulate the downstream oil and gas sector. CONCSOPES Convener, Mr Timothy Ademola, who made the appeal at a news conference in Abuja on Saturday, said deregulation would promote growth and development in the sector. “ It will do our nation much good if our respected labour leaders spearheading the resistance to deregulation would recognise that deregulation has largely stabilised petroleum products supply over this past year.…

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