Labour considers protests in ‘coming days’
There are indications that the Federal Government may have tacitly allowed the price of Premium Motor Spirit (popularly called petrol) to be determined by market forces.


The development is indicated in the new role by the Petroleum Products Marketing Company (PPMC), the trading arm of the Nigerian National Petroleum Corporation (NNPC).

In the meantime, there could be a fresh round of protests against the hike in the price of PMS by the Nigeria Labour Congress (NLC) and its Trade Union Congress (TUC) counterpart.

Organised Labour said it would be receiving updates from its unions in the petroleum and electricity sectors before coming up with a final decision in the coming days.


“The outcome of this engagement will determine our response in the coming days. But while we are at that, we condemn the recent price increase, and we call for its reversal with immediate effect.”

NLC President, Comrade Ayuba Wabba, in a statement, yesterday, in Abuja, clarified that the fresh fuel price increase was not part of the agreement reached with the Federal Government in October.

The PPMC has, in the last three months, been conveying the price of petrol to Nigerians and issuing memos to depot managers.

Before now, the Petroleum Products Pricing Regulatory Agency (PPPRA) was in charge of announcing monthly price guide, which stakeholders in the sector as well as transportation sub-sector, use in determining the price of services.


But in the prevailing setting, the PPMC, which is just a marketer like others, is in charge of price announcement. This has resulted in arbitrary pricing, as there is no longer clear-cut agency that monitors compliance in the sector.

The Price Review Committee (PRC), which was set up by the Federal Government to appraise the price of PMS, has since been disbanded by the Minister of State for Petroleum Resources, Timipre Sylva. Even before the disbandment, the NNPC had refused to attend its meetings for two consecutive months.

The PRC drew its membership from the Central Bank of Nigeria (CBN), Ministry of Finance, Budget and National Planning, Department of Petroleum Resources (DPR), PPPRA among others.

As it is, the PPPRA has been confined to promoting the usage of gas as an alternative to petrol.

Source:
https://m.guardian.ng/News/Governmen-floats-petrol-price-NLC-denies-endorsing-hike

When ever there is a news, some body ll Come out and deny...
* Soldiers shot protesters... Nigerian Army denies involvement in lekki

* Umahi defecting to APC... I don't know what APC is: Umahi

* FG plans to increase fuel price...


Damnn lies...

adenigga:
Labour considers protests in ‘coming days’
There are indications that the Federal Government may have tacitly allowed the price of Premium Motor Spirit (popularly called petrol) to be determined by market forces.


The development is indicated in the new role by the Petroleum Products Marketing Company (PPMC), the trading arm of the Nigerian National Petroleum Corporation (NNPC).

In the meantime, there could be a fresh round of protests against the hike in the price of PMS by the Nigeria Labour Congress (NLC) and its Trade Union Congress (TUC) counterpart.

Organised Labour said it would be receiving updates from its unions in the petroleum and electricity sectors before coming up with a final decision in the coming days.


“The outcome of this engagement will determine our response in the coming days. But while we are at that, we condemn the recent price increase, and we call for its reversal with immediate effect.”

NLC President, Comrade Ayuba Wabba, in a statement, yesterday, in Abuja, clarified that the fresh fuel price increase was not part of the agreement reached with the Federal Government in October.

The PPMC has, in the last three months, been conveying the price of petrol to Nigerians and issuing memos to depot managers.

Before now, the Petroleum Products Pricing Regulatory Agency (PPPRA) was in charge of announcing monthly price guide, which stakeholders in the sector as well as transportation sub-sector, use in determining the price of services.


But in the prevailing setting, the PPMC, which is just a marketer like others, is in charge of price announcement. This has resulted in arbitrary pricing, as there is no longer clear-cut agency that monitors compliance in the sector.

The Price Review Committee (PRC), which was set up by the Federal Government to appraise the price of PMS, has since been disbanded by the Minister of State for Petroleum Resources, Timipre Sylva. Even before the disbandment, the NNPC had refused to attend its meetings for two consecutive months.

The PRC drew its membership from the Central Bank of Nigeria (CBN), Ministry of Finance, Budget and National Planning, Department of Petroleum Resources (DPR), PPPRA among others.

As it is, the PPPRA has been confined to promoting the usage of gas as an alternative to petrol.

Source:
https://m.guardian.ng/News/Governmen-floats-petrol-price-NLC-denies-endorsing-hike

Which sane man take NLC serious? Bunch of corrupt old men. It's time for them to use Nigeria woes to cash out from our fantastically corrupt Buhari's government again. December must be sweet for their families abroad.

[b]

Greyworld:
When ever there us a news, some body ll Come out and deny...

[/b]Especially when the news is true. That's what APC has brought into Nigeria since 2015. They must deny every news first even though they may out and indirectly accept it later.

Does it mean they have accepted the electricity tariff hike with the lie of supplying 18 hours of power which they have failed woefully to supply. This government needs to resign or be booted out of office through civil disobedience. Mere sachet tomato now sells for N150 from N50. Rice which CBN said we're largest producers in Africa is now higher than the minimum wage of the average Nigerian workers. Buhari has consolidated the woes of Nigerians from change to next level

DamZik:
[b][/b]Especially when the news is true. That's what APC has brought into Nigeria since 2015. They must deny every news first even though they may out and indirectly accept it later.

And it's very bad. Now Nigerians can't just hear and believe anymore.

NLC under the leadership of Ayuba Wabba has been reduced to a toothless dog.






He ignores the constant chagrin of labourers for a better welfare. He collects brown envelope and shut his mouth

Same ol' same ol'

Labour will threaten fire and brimstone, but first embarked on consultation with its unions in the affected sectors to buy ample time for the FG to get injunction from the National Industrial Court restraining the body from any form of strike or protest, and declared same illegal.

FG will call for further negotiation and N2 will be deducted from the pump price, and both Labour and Government representatives will come out smiling and claiming victory for the masses.

adenigga:


Labour considers protests in ‘coming days’

What a f**lish sarcasm!

The Ayuba Wabba-led NLC is the most useless and corrupt ever seen in the annals of this nation.I am sure the likes of late Pa Micheal Imodu, Pascal Bafyul etc will be turning in their graves with these wicked set of labour leaders.Labour lost after Adams Oshiomole left it to enter politics.