₦airaland Forum

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– NUPENG, PEGASSAN have endorsed the
price mechanism adopted by FG to arrive at
the new N145 per litre pump price for petrol
– The two unions asked FG to immediately
commencement of negotiation of minimum
wage for workers across all cadres.

Following the removal of subsidy from petrol,
the two major unions in Nigeria’s oil and gas
sector endorsed the price modulation
mechanism adopted by the Federal
Government to arrive at the new N145 per
litre pump price for petrol.
According to a report by Punch newspaper,
the two bodies called for stakeholder
engagement by the government to further
discuss issues pertaining how to reinvest the gains from the price modulation mechanism.

“The NEC-in-session had an extensive
discussion on the recent price
modulation. The NEC-in-session is of the
view that price deregulation has its
benefits in the immediate and near
future. However, the NEC-in-session
strongly demands the Federal
Government’s engagement with the
stakeholders to work out a clear direction
on how to reinvest the gains into the
economy to cushion the effect of the
price,” the communique reads in part.
The unions asked the government to ensure
optimal performance of the existing refineries
and also put in place machinery for the
construction of new refineries in the country
to ensure adequate production for domestic
consumption and possibly export.
The workers added that there was also the
need for the “engagement of critical
stakeholders for the Federal Government
to provide a road map with timelines of
the infrastructures it intend to embark
upon with the proceeds from this price
modulation to cushion the harsh effects
of the new direction. “Immediate reconstitution of the board of
PPPRA and PEF for the management of
the new price regime and the
reconstitution and the re-strengthening of
relevant agencies such as Standard
Organization of Nigeria, DPR and the
Nigeria Customs and Excise Department
to prevent the abuse of the new
framework of PMS supply and
distributions.”
They further stressed that there should be an
immediate commencement of negotiation of
minimum wage for workers across all cadres.

The Oyo State Government has said it will set up a panel to investigate 16,532 workers in the state for various offences which include drawing multiple salaries. The Secretary to the State Government, Olalekan Alli, said on Wednesday that the affected workers included employees and pensioners of the State Universal Basic Education Board, Teaching Service Commission, National Youth Service Corps members, local governments and tertiary institutions. Alli explained that workers, who should have retired but who were still working, and employees with bank accounts linked to invalid Bank Verification Number or without BVN, would also face the panel. He said the payment of salaries of the concerned employees would be suspended immediately pending further investigation. He said, “It is to be noted that the 16,532 employees, identified as having issues in their data, are not automatically thrown out of work nor are they confirmed guilty of any financial illegalities yet. “That is why the panel is being set up to further evaluate the case of each person on a one-on-one basis.” The SSG said the workers were exposed by the recent staff verification in the state, which was carried out by a consultant. He noted that the purpose of the exercise was to eliminate fraud and errors in the payment of salaries, wages and pensions as well as to determine ‘ghost’ workers in the state. Alli added, “It is to ascertain the actual number of employees in the regular employment of the state by various categories; determine who is a bonafide beneficiary of the salaries/wages/pensions by the government; eliminate fraud in the payroll system by ensuring that only identified, deserving and regular employees receive the salaries being paid by the government. “The exercise was also conducted to fish out ghost workers, eliminate all forms of duplication and irregularities that may lead to the inflation of the payroll via the nominal roll and ascertain the level of compliance in respect of mode and format of payment of salaries.” The SSG said after the forensic computerised data audit, the consultants from NIBSS found many instances of inconsistencies, variations and entry details that did not tally. According to him, a former Commissioner for Health in the state, Dr. Muyiwa Gbadedesin; a representative of the consultant, Mrs. Tolu Shadipe, representative of labour unions and the Permanent Secretary, Ministry of Finance, would be members of the panel.

Prof. Park Idisi of the Department of
Agriculture, University of Abuja, on Saturday
said the 2016 budget would increase exports
that would strengthen the country’s currency. Idisi told the News Agency of Nigeria (NAN)
in Abuja that although the naira had lost its
value against the Euro and other foreign
currencies, it would soon gain its strength
through exports. He said that the 2016 budget signed by
President Muhammadu Buhari would
alleviate hardship as there would be cash
flow in the economy and businesses would
start booming.
He recalled that the president had said that
Nigeria would no longer borrow part of the
money needed for the budget as he was able
to raise funds from other sources.

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