FG, state to discuss fuel, electricity prices
State governors and delegates from the Nigerian National Petroleum Corporation (NNPC) will have a meeting with the federal government on Thursday over fuel and electricity price hikes.
This disclosure was made by the Minister of Labour, Chris Ngige, during a meeting with journalists.
He stated that the meeting would bring a solution that will address the fears of a spike in the prices of fuel and electricity.
Ngige said, “As for the issue of the price of PMS, it is a work in progress. The governors are to discuss this on Thursday at the National Economic Council and hopefully there will be a way out of the situation.”
Speaking on the report on PMS pricing in the country, the President of the Nigeria Labour Congress (NLC) Ayuba Wabba said that the labour congress was not in agreement with what was contained in the report.
He said, “This means that we import 100 percent of all the PMS used in the country, whereas we have refineries.
“The reports were presented, and we pointed out areas that we are not comfortable with and also made some suggestions which will form the basis of decisions on the matter.”
Just recently, the NNPC dismissed stories of a hike in the price of fuel in the country.
Fuel subsidy: presidency predicts Nigeria will pay a price, borrowings may continue
In a statement, the regulatory body stated that it was still in an ongoing engagement with organised labour to work out a practical framework/
It cautioned marketers to desist from hoarding Premium Motor Spirit (PMS) to avoid artificial scarcity.
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