FG To Meet With Governors On Petrol, Electricity Prices

Federal Government will meet with state governors and the
Nigerian National Petroleum Corporation (NNPC) on Thursday to find
a solution to issue of right pricing for Premium Motor Spirit(PMS)
in the country.

The Minister of Labour and Employment, Sen. Chris Ngige, said
this while speaking with newsmen at the end of a meeting between
the Federal Government and Organised Labour in Monday in Abuja.

The News Agency of Nigeria (NAN) reports that the meeting is
continuation of the series of meetings held in 2020 in a bid to
persuade labour unions from embarking on industrial action over the
increase in the price of petrol and electricity.

Ngige said that the meeting with organised labour was peaceful
and productive.

“As for the issue of the price of PMS, it is a work in progress.
The governors are to discuss this on Thursday at the National
Economic Council and hopefully there will be a way out of the
situation,” he said.

He also said that both sides have resolved to allow more time in
order to look into ways of tinkering with the template for fixing
domestic fuel price.

Ngige said on the issue of electricity tariff that the report
was well recieved by both sides and the committee was asked to
continue further work on grey areas.

He said that the meeting with organised labour was adjourned
till April, after the Easter celebration.

The President of the Nigeria Labour Congress (NLC), Mr Ayuba
Wabba, said they were able to point out areas of the report on PMS
pricing that labour was not in agreement with.

Wabba also said that labour maintained that it was not
comfortable with the import pricing method that was adopted by the
country.

“This means that we import 100 per cent of all the PMS used in
the country, whereas we have refineries.

“The reports were presented and we pointed out areas that we are
not comfortable with and also made some suggestions which will form
the basis of decisions on the matter,” he said.

The Federal Government had in November 2020 raised the depot
price of petrol from N147.67 to N155.17 per litre, enforcing
marketers to sell between 165 and 173 Naira per litre.(NAN)

Federal Government will meet with state governors and the
Nigerian National Petroleum Corporation (NNPC) on Thursday to find
a solution to issue of right pricing for Premium Motor Spirit(PMS)
in the country.

The Minister of Labour and Employment, Sen. Chris Ngige, said
this while speaking with newsmen at the end of a meeting between
the Federal Government and Organised Labour in Monday in Abuja.

The News Agency of Nigeria (NAN) reports that the meeting is
continuation of the series of meetings held in 2020 in a bid to
persuade labour unions from embarking on industrial action over the
increase in the price of petrol and electricity.

Ngige said that the meeting with organised labour was peaceful
and productive.

“As for the issue of the price of PMS, it is a work in progress.
The governors are to discuss this on Thursday at the National
Economic Council and hopefully there will be a way out of the
situation,” he said.

He also said that both sides have resolved to allow more time in
order to look into ways of tinkering with the template for fixing
domestic fuel price.

Ngige said on the issue of electricity tariff that the report
was well recieved by both sides and the committee was asked to
continue further work on grey areas.

He said that the meeting with organised labour was adjourned
till April, after the Easter celebration.

The President of the Nigeria Labour Congress (NLC), Mr Ayuba
Wabba, said they were able to point out areas of the report on PMS
pricing that labour was not in agreement with.

Wabba also said that labour maintained that it was not
comfortable with the import pricing method that was adopted by the
country.

“This means that we import 100 per cent of all the PMS used in
the country, whereas we have refineries.

“The reports were presented and we pointed out areas that we are
not comfortable with and also made some suggestions which will form
the basis of decisions on the matter,” he said.

The Federal Government had in November 2020 raised the depot
price of petrol from N147.67 to N155.17 per litre, enforcing
marketers to sell between 165 and 173 Naira per litre.(NAN)