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Economic Council Moves To Endorse New Petrol Price, Complete Deregulation - Politics - Nairaland

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Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Islie: 9:49pm On Jul 15, 2021
The National Economic Council (NEC) Thursday received and discussed the initial report of its Ad-Hoc Committee interfacing with the Nigeria National Petroleum Corporation (NNPC)...
By Muideen Olaniyi
The National Economic Council (NEC) Thursday received and discussed the initial report of its Ad-Hoc Committee interfacing with the Nigeria National Petroleum Corporation (NNPC) on the complete deregulation of the downstream sub-sector of the industry, and appropriate pricing of petrol.

Laolu Akande, the spokesman of Vice President Yemi Osinbajo, in a statement issued after the meeting presided over by his principal, said observations and comments were made and it was resolved that an updated version would be submitted by the Committee inclusive of observations raised and an updated report be made to the National Economic Council for further action.

Akande said the Council also noted that the Federal Government was working out modalities of providing Autogas conversion kits, and Compressed Natural Gas (CNG)/ Liquefied Petroleum Gas (LPG), mass transit buses to major cities nationwide as cheaper alternatives to PMS/petrol for transportation and fuel.

He said the council received updates on the FG Budget Support Facility to States as the Minister of Finance, Budget and National Planning informed the Council that with the agreement reached on the matter with the CBN providing a bridge financing facility to the States, deductions from State Governments will now commence from July.

The presidential aide said NEC urged State Governments to take proactive and necessary mitigative measures in addressing the envisaged 2021 flood disaster in the midst of the COVID-19 pandemic while encouraging relevant Federal ministries, departments, and agencies (MDAs) to take necessary actions.

Ahead of next week’s Sallah festivities, the council urged strict adherence to the COVID-19 response guidelines across the country, after receiving a regular state performance report from the Nigeria Centre for Disease Control (NCDC).

According to the report, the Coronavirus positivity rate has gone up in the country just as 3 cases of the Delta variant have now been detected.

The NCDC, therefore, urged the Council to ensure the sustenance of effective COVID-19 response nationwide, while improving public health awareness, adherence to public health, and social measures.

The NEC Ad-hoc Committee interfacing with the Presidential Task Force (PTF) on COVID-19 led by Dr. Ifeanyi Okowa, Delta State Governor, while briefing the meeting, said State Governors will continue to monitor the situation for the next one week to see if there will be need for an emergency Ad-hoc committee meeting on the situation.

The Council also received an update on cholera cases in some parts of the country.
https://dailytrust.com/economic-council-moves-to-endorse-new-petrol-price-complete-deregulation

3 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by budaatum: 10:09pm On Jul 15, 2021
Petrol price will rise. As will the price of everything that moves. Then Dangote will pump dollars.

I hope he does public offering. Share our wealth with us Nigerians.

7 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Fuckyoumod: 10:49pm On Jul 15, 2021
I don't care I will survive Nigeria by hook or crook.

Northerners I hope you know Buhari policies would hit you harder?

I dey laugh una! I must survive!

76 Likes 4 Shares

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by TheRareGem1(f): 2:47am On Jul 16, 2021
This is good. Again, if you know anybody died, direct their families to judicial panel to enable them get justice, both monetary and dismissal of the police involved. It's actually real.

If you like the family, you will do this for them

8 Likes 3 Shares

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Deputy1111(m): 3:06am On Jul 16, 2021
people should follow covid19 guidelines in whatever they do during this sallah festival ,, covid19 is still on i the country

5 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Alal(m): 5:05am On Jul 16, 2021
Haa
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by bayelsaowei(m): 5:06am On Jul 16, 2021
cheesy...hard times are on the way..

1 Like

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by CasNova: 5:08am On Jul 16, 2021
Complete deregulation means the prices of petroleum products will be determined by market forces of demand and supply. Nigerians should brace up for price increases.

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by ohosi4real(m): 5:08am On Jul 16, 2021
God will help Nigerians not Nigeria

9 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Mowoe(m): 5:09am On Jul 16, 2021
Whatever happens, remember that no one is allowed to commit suicide. We are all in this together. If you want to escape, travel abroad. If you're caught trying to kill yourself, dem go beat you like person wey tiff.

hope4nigeria:
people can not commit suicide in peace again? Nawa for you oh

No sir, they can't. Buhari will soon go, and we'll all reap the fruit of our suffering.

Wait o! Hope you're not planning to kill yourself? Make men no go reason you o!

41 Likes 2 Shares

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by clockwisereport: 5:09am On Jul 16, 2021
Chai

1 Like

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by tunwumi: 5:10am On Jul 16, 2021
Na
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by tidego: 5:10am On Jul 16, 2021
It is well

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by owobokiri(m): 5:11am On Jul 16, 2021
Indirect taxations! Nothing but! There can never be any end to the "deregulation of the Petroleum prices/downstream" sector of the Nigerian oil industry! They will always be using that excuse! It's always going to be used to jack up prices of Petroleum products for every corruptly inept government that has ran out of ideas on how to make more money to use and misuse.. Tax, borrow and spend! That's all they know..

28 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by jogsman01(m): 5:12am On Jul 16, 2021
We're waiting already
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by SmartPolician: 5:12am On Jul 16, 2021
Buhari wants to dare Nigerians.

This yeye government has withdrawn almost everything that Nigerians enjoy from the government and replaced them with suffering, death, misery, etc.

We are waiting for him; increase the price of petrol.

29 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by YurFatHer: 5:13am On Jul 16, 2021
Suffer suffer for world, enjoy for heaven

1 Like 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by AngelicDamsel(f): 5:14am On Jul 16, 2021
Na endurance mode now, infact many are now living in survival mode.


Always remain positive. Problem no dey finish.

12 Likes

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by 111sunshine: 5:15am On Jul 16, 2021
hmnnn
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by ogaontop(m): 5:17am On Jul 16, 2021
What is the hope of common man in this country?
Quick to endorse anything that will add money to their pocket no matter the inflation and the hardship it will inflict on the people and so slow to implement minimum wage, even after series of strikes
Any increase in fuel price now will double the price of the already inflated commodities!
Why not make it slowly over a space of few years? To allow people absorb it gradually and cushion the effect!

11 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Seyi8750: 5:19am On Jul 16, 2021
Space for sale
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by chukwuibuipob: 5:19am On Jul 16, 2021
sad
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by livinbygrace: 5:19am On Jul 16, 2021
This is not funny anymore in this country.Nigerian brave up for more challenges ahead.
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Sirjamo: 5:22am On Jul 16, 2021
Removing petroleum subsidy is a task that must be accomplished. Too much corruption is embedded in it, but, we must see the benefits of the funds that will be saved from removing the subsidy.

3 Likes

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by proclinician: 5:22am On Jul 16, 2021
As you selfish and wicked men are implementing the new pump price, remember that people are suffering and notherners have already started to eat grass. E get why.

7 Likes

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by KINGSCOURT05: 5:22am On Jul 16, 2021
k
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by BSsniffer: 5:23am On Jul 16, 2021
How cute....just when dangote is getting ready to storm the industry, deregulate it for him.

Anyone who can leave this shithole should flee. Really painful.

I won't be surprised if at the end of the day these northerners find a way to sell petrol at cheaper prices to their own people.

6 Likes 1 Share

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by AfriNotesNEWS: 5:23am On Jul 16, 2021
Its depressive to put the happening in your heart

Let them also, our number one problem still remain the leaders of the country... Who care less about the poor, but focus on them them, their family's and friend

May God Help Us

From Afri NOTES
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by kudinkarfe: 5:23am On Jul 16, 2021
One funny thing with Northerners is even if Buhari is killing us they will say it's God's will, but if it's another leader they will say incompetency. Let's continue we go see go hear am pass.
Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Reex12(m): 5:26am On Jul 16, 2021
Buhari well done oh.. honestly I pity the next president in 2023

2 Likes

Re: Economic Council Moves To Endorse New Petrol Price, Complete Deregulation by Seniorwriter(m): 5:26am On Jul 16, 2021
Deep Quote
Citizens suffer when there is a bad leadership in position of power.
------------------

We need young visionary leadership in Nigeria!


@Seniorwriter

2 Likes 1 Share

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