ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Cover

Governors to discuss fuel price Thursday –FG

23rd February 2021
in Cover, National
0
Petrol stations observe restriction order in Niger
0
SHARES
323
VIEWS
Share on FacebookShare on Twitter

Governors of the 36 states will discuss the issue of fuel price on Thursday.
Minister of Labour and Employment, Chris Ngige, disclosed this on Sunday after a bipartite meeting of the Federal Government and the organised labour at the Banquet Hall of the Presidential Villa Abuja. Leadership of the Nigerian Labour Congress and the Trade Union Congress represented the organised labour.
Briefing journalists on their resolutions, Ngige said labour had investigated the report of the Technical Committee on Premium Motor Spirit Pricing Framework as agreed at the last meeting and made its submissions, even as the Nigerian National Petroleum Corporation (NNPC) presented its report.
He said: “The labour side saw that NNPC were making some points and like I said, it is work in progress. Governors are going to discuss this on Thursday. They have discussed this at the National Economic Council (NEC) and so everybody is involved because we find ourselves in dire straits. There is no money for subsidy.
“The NNPC said what they are doing is import dependent. Deregulation is import dependent but they are doing bulk purchasing. So, they can get discounts. They are also using foreign exchange that is discounted for them. They are not buying from the parallel market. All these things will be put in basket and a price will emerge from it.”
Prodded further by journalists, Ngige maintained that the Federal Government has finished with the organised labour on the issue of fuel price.
On the issue of electricity tariff, the minister disclosed that the meeting adopted the report of its Ad-hoc Technical Committee on Electricity Tariffs, made some adjustments and transformed the committee into an implementation committee to implement the recommendations made, including mass metering.
“You will start seeing members of the committee with the Minister of Power, going around now and making sure DISCOS put meters for people, because there are reports that they don’t want to be distributing meters and that they want to be doing bulk billing and estimated billings and we don’t want that.
“There is also a resolution as regards gas companies reducing gas pricing for gas sold to power companies, GENCOS and the rest of them, so that the price of electricity per unit will go down and the consumers will benefit from it. We have given the marching orders for them to do so.
“Some paper works have to be done and once that is done, price of electricity will go down and once it goes down, the consumers will benefit.”
He said the committee also recommended that those forcefully migrated by distribution companies from lower paying bands C and D to upper bands A and B should petition the National Electricity Regulatory Commission (NERC)
“They will be brought back and the DISCO will be sanctioned.”
Ngige, however, announced that the social dialogue between the Federal Government and labour has been adjourned to April as the two standing committees are still working.
Earlier, Secretary to the Federal Government, Boss Mustafa, congratulated the organised labour for their sacrifices at this time of economic difficulty, which has been rewarded with Nigeria’s exit recession in the third quarter of 2020.
He said all the projections, including the reports of economic sustainability committee put in place with robust response to COVID-19 pandemic provided clear evidence that Nigeria was on its way to exit recession in the first quarter of 2021 ‘but we beat them to it in the third quarter of 2020’.
“This could not have been achieved without the support of the organised labour and the working population of the country because you were the one that drives the economy and ensured the petroleum sector, the lifeline of the country’s economy, is not disrupted. If we have had disruptions, it would have been difficult for us to exit recession in the first quarter of 2021, let alone, the fourth quarter of 2020.
Mustafa thanked the leadership of the organised labour for the maturity they have always shown to the discussion of very important national issues and expressed optimism that they would achieve whatever they want “if the spirit is sustained.”

Cyril

Cyril

Related Posts

20% children have sickle cell traits –NPC
National

Abia NPC assures credible census in 2023

2nd July 2022
… ‘Why state needs new breed politicians’
National

Kidnapping: Abia Govt out to tackle insecurity frontally’

2nd July 2022
Ekweremadu: Court orders NIS, banks to release Ukpo’s biodata
National

Ekweremadu: Court orders NIS, banks to release Ukpo’s biodata

2nd July 2022
Next Post
FG pledges support for technicians, artisans

Don’t panic over our borrowings, FG tells Nigerians

 Brass Kingdom celebrate one-year of peace, peaceful polls

Disquiet over govt’s role in Bayelsa fertilizer project

Cleric says prayer, fasting antidote to insecurity

Cleric says prayer, fasting antidote to insecurity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Kidnapping: Abia Govt out to tackle insecurity frontally’

Osun election: Oyetola confident of victory

2023: Crisis brews in PDP over zoning of presidential ticket

Catholic Bishops, priests cry out: We are now endangered species

Ekweremadu: Court orders NIS, banks to release Ukpo’s biodata

Insecurity: To be honest, Buhari has not done well – APC Rep, Legor Idagbo

Trending

2023: Atiku begins consultations
Politics

2023: Six govs move against Atiku

2nd July 2022
0

From Fred Itua, Abuja Ahead of the constitution of the campaign organisation of the presidential candidate of...

Winning with the Nigerian spirit

I saw a Governor in Fashola —Tinubu’s wife

2nd July 2022
20% children have sickle cell traits –NPC

Abia NPC assures credible census in 2023

2nd July 2022
… ‘Why state needs new breed politicians’

Kidnapping: Abia Govt out to tackle insecurity frontally’

2nd July 2022
… Extend  hand of fellowship to  co-contestants, Tinubu tells Oyetola

Osun election: Oyetola confident of victory

2nd July 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • 2023: Six govs move against Atiku
  • I saw a Governor in Fashola —Tinubu’s wife
  • Abia NPC assures credible census in 2023
  • Kidnapping: Abia Govt out to tackle insecurity frontally’
  • Osun election: Oyetola confident of victory
  • 2023: Crisis brews in PDP over zoning of presidential ticket
  • Catholic Bishops, priests cry out: We are now endangered species
  • Ekweremadu: Court orders NIS, banks to release Ukpo’s biodata
  • Insecurity: To be honest, Buhari has not done well – APC Rep, Legor Idagbo
  • 2023: Nigerians should vote for who‘ll unite the country–Ucheaga
  • 2023: zonING political offices, undemocratic–Oba Maduabuchi (SAN)
  • With Atiku and Okowa, PDP remains a better choice for Nigeria
  • Words of wisdom from the Ejiofors: The best wealth is one that couples struggle together to make
  • IPMAN threatens legal action against NMDPA over alleged 74bn transport claims
  • Stakeholders strategise to end crude oil theft in Niger Delta
  • Akwa Ibom APC petitions INEC chairman over REC
  • Man stealing cables electrocuted in Aba
  • Gov. Ugwuanyi is in our good books, says Pensioners’ National President
  • Pastor, wife held as 3 die in church during deliverance
  • FG ready to address maritime problems –Osinbajo

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....