- Halimah Olamide
After hours of the meeting which started at about 4pm there were no concrete agreement as the Labour insisted that there ought to hav been palliatives put in place before the implementation of the No-subsidy regime.
There appears to be no agreement over the lingering controversy over the price of fuel as the meeting between representatives of the Federal Government and those of the organised labour failed to reach a common ground on Wednesday.
The meeting had in attendance the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited Mele Kyari, Governor of Central Bank of Nigeria Godwin Emefiele, representative of the President Dele Alake Comrade Adam Oshiomhole on government side.
On the side of the Labour were the President of the Nigerian Labour Congress Joe Ajaero, President of the Trade Union Congress Festus Osifo, and others.
After hours of the meeting which started at about 4pm there were no concrete agreement as the Labour insisted that there ought to hav been palliatives put in place before the implementation of the No-subsidy regime.
The NNPC had earlier today announced an increase in the prices of petroleum products with as much as over 200% in price hike.
NNPC has not pegged its price in Lagos area at N488 per litre from the initial N184 per litre. NPO Reported earlier that the President Bola Tinubu, had pronounced the final removal of subsidies on Monday during his inaugural speech.
The proclamation had sent shocks to the energy sector with many fuel Marketers either shutting down or increasing fuel prices.
Tinubu was to Later clarify that his statement was just to confirm what was already a law as the 2023 Appropriations Act did not make Provisions for subsidies.
Wednesday afternoon, the NNPC in a statement by Garba Deen Mohammed, it’s spokesman, confirmed the price hike but was silent on the exact pump prices.
Workers’ leaders at the meeting were said to have said the government must revert to the status quo for any meaningful negotiations to take place.