Nigeria Labour Congress on fuel subsidy removal

Posted On December 21st, 2011 - 12:29 pm | by Oil and gas press

Outcome Of Presidency – Labour Interactive Session
The Presidency on Tuesday 20th December 2011 invited the Labour Movement comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to an interactive session.

The session was addressed by His Excellency, Dr. Goodluck Jonathan, President of the Federal Republic, Vice President Namadi Sambo, Finance Minister Dr. Ngozi Okonjo-Iweala who doubles as the Coordinating Minister for the Economy, and Petroleum Minister Mrs. Dieziani Allison-Madueke.

The Presidency claimed that the actual cost of petrol supply is N139 per litre and admitted that all Nigerians benefit from fuel subsidy but claimed that the rich benefits more. It also claimed that the current N65 per litre price was so cheap that it encourages smuggling of PMS across the country’s borders.

It also presented a document, Subsidy Reinvestment and Empowerment Programme (SURE) under which it listed amongst other projects, the construction or completion of eight major roads and two bridges, provision of healthcare for 3million pregnant women, six railway projects, youth employment, mass transit, 19 irrigation projects, rural and urban water supply.

In its response, the Labour Movement noted that out of the projected N1.134 trillion to be saved from the subsidy removal, the Local Government allocation is N202.23 billion, States N411.03 billion and the Federal Government N478.49 billion and concluded that even if the Federal Government alone were to spend the entire N1.134 trillion, it cannot execute even a fifth of the projects it had listed. It noted that the Presidency’s presentation was simply a repetition of the presentations made by the Babangida and Abacha regimes and the Obasanjo administration, and that none of those promises were kept.

It insisted that if non-oil producing nations can refine petroleum products, a big oil producing country like Nigeria has no excuse to be import-dependent. Labour said Government has basic responsibilities to the populace and not make externally driven proscriptions like the IMF did on SAP under the Babangida regime and that its opposition to fuel subsidy removal is driven by its belief that the people must come first on all policies.

It pointed out that none of the presentations by the Presidency presented facts on the impact of oil subsidy removal on the populace particularly the informal economy where most Nigerians earn a living.

Labour also pointed out that some of the statistics presented by the Honourable Minister of Finance were joggled to reach false conclusions. President Jonathan in rounding up the session explained that the idea of inviting Labour was not to make it take a decision either in favour or against fuel subsidy removal but to present the government’s position and encourage mutually beneficial discussions. He invited Labour to present its counter statistics and analysis of the Government documents for discussions on a future date. Labour accepted this.

>Oil and Gas Press

Tags: , News analysis, Press Releases

Leave a Reply

You must be logged in to post a comment.

  • Stocks and Shares
  • Algeria
  • Ministère de l'Energie et des Mines
  • www.mem-algeria.org
  • National Oil Company: SONATRACH
  • www.sonatrach-dz.com
  • Oil and Gas Press
  • Angola
  • Ministry of Petroleum
  • www.minpet.gov.ao
  • National Oil Company: SONANGOL
  • www.sonangol.co.ao
  • Oil and Gas Press Benin Republic
  • Benin
  • Ministère de l'Energie, des Recherches Pétrolières et Minières, de l'Eau et du
  • National Oil Company: OBH (Office Béninois des Hydrocarbures)
  • Oil and Gas Press
  • Cameroon
  • National Oil Company: SNH (Société Nationale des Hydrocarbures )
  • www.snh.cm
  • Oil and Gas Press
  • Chad
  • Ministère du Pétrole et de l'Energie
  • www.ministere-petrole.td
  • National Oil Company: SHT (Société des Hydrocarbures du Tchad)
  • >Oil and Gas Press
  • Congo (Republic of)
  • Ministère des Hydrocarbures
  • www.ministere-hydrocarbures.cg
  • National Oil Company: SNPC (Société Nationale des Pétroles du Congo )
  • www.snpc-group.com
  • Oil and Gas Press
  • D.R Congo
  • Ministère des Hydrocarbures
  • National Oil Company: COHYDRO (Congolaise des Hydrocarbures)
  • Oil and Gas Press
  • Côte d’Ivoire
  • Ministère des Mines, du Pétrole et de l'Energie
  • National Oil Company: PETROCI
  • (Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire)
  • www.petroci.ci
  • Oil and Gas Press
  • Egypt
  • Ministry of Petroleum and Mineral resources
  • www.petroleum.gov.eg
  • National Oil Company: Egyptian General Petroleum Corporation
  • www.egpc.com.eg
  • Oil and Gas Press
  • Gabon
  • Ministère du Pétrole, de l'Energie et des Ressources Hydrauliques
  • http://www.energie.gouv.ga
  • Oil and Gas Press
  • Ghana
  • Ministry of Energy
  • www.energymin.gov.gh
  • National Oil Company: Ghana National Petroleum Corporation
  • www.gnpcghana.com
  • Oil and Gas Press
  • Equatorial Guinea
  • Ministère des Mines, de l'Industrie et de L'energie
  • www.equatorialoil.com
  • National Oil Company:GEPetrol
  • www.guineaecuatorialpetrol.com
  • >Oil and Gas Press
  • Libya
  • National Oil Company: NOC
  • (National Oil Corporation)
  • www.noc.ly
  • Oil and Gas Press
  • Mauritania
  • Ministère du Pétrole, de l'Energie & des Mines
  • www.petrole.gov.mr
  • National Oil Company: SMH
  • (Société Mauritanienne des Hydrocarbures ) Oil and Gas Press
  • Namibia
  • National Oil Company: NAMCOR
  • (National Petroleum Corporation of Namibia)
  • www.namcor.com.na/
  • Oil and Gas Press
  • Niger
  • Ministère de l'Energie et du Pétrole
  • National Oil Company:SONIDEP
  • (Société Nigerienne des Produits Pétroliers)
  • www.sonidep.net
  • Oil and Gas Press
  • Nigeria
  • Ministry of Petroleum Resources
  • www.nigeria.gov.ng
  • National Oil Company: NNPC
  • (Nigerian National Petroleum Corporation)
  • www.nnpcgroup.com
  • Oil and Gas Press Sao Tome
  • Empresa Nacional De Combustiveis e Oleos
  • Island Oil Exploration
  • >Oil and Gas Press
  • South Africa
  • Department of Energy
  • www.energy.gov.za
  • National Oil Company: PetroSA
  • (Petroleum, Oil and Gas Corporation of South Africa)
  • www.petrosa.co.za
  • >Oil and Gas Press
  • Sudan
  • Ministry of Petroleum
  • National Oil Company: SUDAPET
  • (Sudan Petroleum Company)
  • www.sudapet.sd
  • >Oil and Gas Press Togo
  • BUREAU VERITAS TOGO
  • COTECNA INSPECTION S.A.
  • TOTAL TOGO S.A.(DISTRIBUTION)