Wednesday, February 24, 2021

FG: Governors will have the last word on the increase in the price of gasoline, they meet on Thursday

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… We’re done with work, says Ngige

By Obas Esiedesa – ABUJA

The final decision on increasing the price of gasoline pumps will be made by the governors of 36 states at their meeting on Thursday, the federal government said.

Labor and Employment Minister Senator Chris Ngige revealed this Sunday night after a bipartisan meeting of the Federal Government and the union in the Banquet Hall of the Abuja Presidential Village said the government has finished with union leaders in the gasoline price issue. increase.

The leadership of the Nigerian Labor Congress (NLC) and the Trade Union Congress (TUC) represented the organized labor at the meeting.

Ngige told reporters that the work had investigated the Technical Committee report on Premium Motor Spirit, PMS, Price Framework as agreed at the last meeting and made its presentations, including when the Nigerian National Petroleum Corporation, NNPC, presented your own report.

He explained: “The labor side saw that they (NNPC) were making some points and, as I said, it is a work in progress. The governors will discuss this on Thursday. They have discussed this at the National Economic Council, NEC, so everyone is involved because we are in dire straits. There is no money for grants.

The NNPC has explained. What they are doing depends on imports. Deregulation depends on imports, but they buy in bulk. So, they can get discounts. They are also using a foreign currency that is discounted to them. They do not buy on the parallel market. Then all these things will be put into a basket and a price will come out of it. “

Ngige maintained that the Federal Government has ended the union organization on the issue of fuel prices.

When speaking about the increase in the electricity rate, the Minister revealed that the meeting adopted the report of its Ad-hoc Technical Committee on Electricity Rates, made some adjustments and transformed the committee into an implementation committee, to implement all the recommendations made, including mass measurement.

“You will start to see committee members with the Minister of Energy going around now and making sure the DISCS put meters out for the people because there are reports that they don’t want to be distributing meters and that they want to do bulk billing and estimated billing. So we don’t want that.

“There is also a resolution regarding gas companies reducing the price of gas sold to electricity companies, GENCOS and the rest of them so that the price of electricity per unit goes down and consumers benefit from it. We have given them the marching orders to do so.

“You have to do some paperwork and once that is done, the price of electricity will go down and once it goes down, consumers will benefit,” he said.

Dr. Ngige also explained that the committee also recommended that those whose distribution companies have forcibly migrated from the lower paying bands C and D to the higher bands A and B should submit a petition to the National Electricity Regulatory Commission. (NERC)

“They will be returned and the DisCos will be sanctioned,” he added.

However, he announced that the social dialogue between the Federal Government and the workers has been postponed to April, as the two permanent committees continue to work.

The Secretary of the Federal Government, Boss Mustafa, who spoke earlier, congratulated the union for its sacrifices in “this time of economic difficulties”, which has been rewarded with the exit of Nigeria from the recession in the third quarter of 2020.

Mustafa explained that all the projections, including the economic sustainability committee reports implemented with a robust response to the COVID-19 pandemic, provided clear evidence that Nigeria was on track to emerge from recession in the first quarter of 2021 ” but we surpassed them in the third quarter of 2020.

“This could not have been achieved without the support of the organized labor and working population of the country because you were the one who boosted the economy and ensured that the oil sector, the lifeline of the country’s economy, is not interrupted. . Had we had outages, it would have been difficult for us to come out of the recession in the first quarter of 2021, let alone the fourth quarter of 2020. ”

Other government members at the meeting include the Minister of State for Energy, Jeddy Agba, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, the Chairman of the National Electricity Regulatory Commission (NERC) , Sanusi Garba and Special Advisor to the President on Infrastructure, Ahmed Zakari.

The president of the NLC, Comrade Ayuba Wabba and his counterpart from the TUC, Quadri Olaleye, led the union.

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