NLC President Urges For Subsidy Elimination And Refinery Repairs

by Echezona obinna
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The President of the Nigeria Labour Congress (NLC), Ayuba Wabba, urged the Federal Government to fix the country’s refineries and stop giving out subsidies in his submission on proposing a solution to the gasoline crisis.

In addition, he argued that private investors should be involved in the construction of refineries since petroleum imports are dangerous for the nation.
Wabba disclosed these revelations in a presentation to the House of Representatives’ special committee looking into the nation’s daily PMS consumption.

The Labour leader: “We do believe that even if there is subsidy, it cannot be at the level quoted by authorities in the sector. In our document on the oil sector, we have outlined conditions precedent for removing subsidies, if any, including fixing the refineries, creating conditions for private sector participation in the building of refineries, even if they are modular.

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“Sadly, we are not aware if any of the terms and conditions we have recommended have been met, several years after. We are nonetheless conscious of the fact that the continuous opaque importation of PMS holds clear and present danger to the country.

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“On the other hand, the transparent operation of the importation of PMS has two major advantages. The first advantage is that, knowing the exact volume of PMS the country needs and publicising it will deter further falsification of imports, hopefully.”

 

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