The meeting between the Federal Government and Nigeria Organized Labour, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) respectively will hold today, to decide on an amicable petrol price. This meeting has dragged for about three months and the NNPC has continued to wait, thereby retaining petrol subsidy and incurring huge under-recoveries.
Recall that the Nigerian National Petroleum Corporation (NNPC), the sole importer of petrol into Nigeria, is not halting the subsidy on Premium Motor Spirit, popularly called petrol, despite the recent recommendation of the Nigeria Governors’ Forum that the subsidy regime be stopped immediately.
Rather, NNPC is awaiting the outcome of today’s meeting, as touching the cost of petrol and whether to discontinue subsidising the commodity.
Mr Joe Ajaero, Deputy President of Nigeria Labour Congress, confirmed that the NLC would meet with the Federal Government today on a variety of issues including petrol price and the sacking of workers in Kaduna
In a related development, the NNPC Group General Manager, Group Public Affairs Division, Kennie Obateru, has disclosed that the Nigerian National Petroleum Corporation (NNPC) would not alter petrol price until a resolution was reached on the matter by the involved parties.
According to him, the Nigerian National Petroleum Corporation (NNPC) is the national oil company and so they will have to wait for the parties to complete that discussion. He explained that when a position is taken as to how best to implement the deregulation, it will be communicated to Nigerian National Petroleum Corporation (NNPC) and then the Corporation can now take a position.