Petrol Now Sells For N150 Per Litre In Benin City

Petrol Now Sells For N150 Per Litre In Benin CitySome independent petroleum marketers in Edo state are now selling petrol for 150 naira per litre instead of the regulated price of 145 naira.

Motorists, as well as petroleum marketers, who spoke to Channels Television in Benin City, the Edo state capital, lamented the increase in the price saying it has brought more hardship on the people.

Meanwhile, some fuel stations in the state did not have products for sale. Some who had the product were selling above the approved price of 145 Naira a litre.

A fuel marketer, Valentine Aisuen, said: “PMS is not readily available in most of the depots and apart from that, the price at which we are buying it is high because of the limited product that is available.

“We are buying at 145, we haulage for three naira and it gets here at 148 and we now sell for 150.”

The marketers who were seen selling at the recommended price said it would not be for long before they join the fray as they were not making profit from their sales.

“If you check our pump price now we still remain at 145 naira per litre, our meter reading is accurate.

“We are keeping that to make sure we remain with our customer but we are going to do it for the time being, pending when the union will come up with their report for us to shut down because the cost of buying now, I don’t think anybody is making profit if you cannot sell above 145 naira per litre.”

Unstable Power

Some motorists also lamented the hardship the increase in price has brought to the people.

A driver told Channels TV: “Passengers complain, drivers too are complaining because things are difficult. We heard they have increased it to 200 naira; this morning some people bought for 150, some others for 200.

“Selling above that 150 is really biting us and things are not moving well. Supposing things are moving on and the power is stable then we can cope. But the power is not stable and the energy we are getting which is the fuel is very high, so it’s biting everyone one of us; we are feeling it real bad.”

Attempts to ascertain the cause of the scarcity at the Benin depot of the Nigerian National Petroleum Corporation (NNPC) was met with stiff resistance by the chief security officer who denied the news crew access to key officers of the depot.

“I am working under instruction, don’t provoke me this afternoon; I beg you in the name of God don’t provoke me,” he warned.

Although the head of the Department Of Petroleum Resources (DPR) was not on seat, another official who wished not to be named said that the scarcity was due to power outage at the Warri refinery which has now been addressed.

He promised that the situation would normalize soon.

NBS Releases June Inflation Rate

Bureau Of Statistics, Inflation RateNigeria’s headline inflation increased by 16.5% in June from 15.6% in May, as the rate continues to increase for the fifth consecutive month.

According to the National Bureau of Statistics, the 0.9% increase is attributed to a rise in energy costs, imported food items and related products.

During the period, the food index rose at a faster rate of 1.4%, month-on-month due to increase in the prices of meat, vegetables and cereals.

While the urban index also jumped 11.9% in June, the corresponding rural index increased from 10.4% to 10.9%.

Meanwhile, the Nigerian stock market’s benchmark index dropped by 25 basis points to 28,733.90, while the market capitalisation fell by 25 billion naira to 9.86 trillion naira against Friday’s figure, as the market reacts to the country’s June inflation data, and financial markets illiquidity.

However, investors’ appetite for stock remained moderate as a total of 315.5 million shares worth 1.72 billion naira were traded in 3,976 deals at the close of session.

Skye Bank topped the lead of the most actively traded stock with a whopping 138.2 million shares followed by FBN Holdings and UBA.

On the price table, Skye Bank was also the major price advancer in a list of ten, with a 10% increase to its share price, followed by Forte Oil and Nigerian Police Microfinance Bank.

And on the flip side, Law Union and Rock Insurance led 23 other decliners including Wapco and Arbico, down by 8.33%.

NLC Will Continue To Negotiate With Government – Ayuba Wabba

NLC, Ayuba WabbaThe Chairman of the Nigerian Labour Congress (NLC), Mr Ayuba Wabba, says the NLC will continue to negotiate with the Federal Government over its opposition to the hike in the pump price of petrol.

Speaking on Channels Television’s Sunrise Daily on Monday, Mr Wabba noted that the tradition of the NLC is to continue to dialogue on issues that it is passionate about, especially the increase in electricity tariff and pump price of petrol.

The labour union, had on Sunday evening suspended an industrial action it called on Wednesday, May 18 to resist the new price of petrol.

This was after an emergency meeting of its organs – the National Working Committee and the National Executive Committee, where talks were focused on the strike and the way forward.

There were reports that the suspension of the strike was one of the conditions the Federal Government had given for it to resume negotiations with the NLC but Mr Wabba reiterated that the strike was suspended due to the intervention of well-meaning Nigerians including the national leader of the All Progressives Congress (APC), Senator Bola Tinubu and the National Assembly.

He did not give an assurance that all matters would be resolved, but promised that the union would indeed resume negotiations with the government, adding that they would remain consistent in their demands.

“We will go there with open mind to discuss those issues. In the discussion process, we will try to advance a lot of reasons why we think that it should not be only this issue of importation; we can also look at other policy options which we are going to come to the table with,” he said.

Mr Wabba also explained the rationale behind the decision of the labour union to embark on the strike and which they would continue to press for.

“Our standpoint is clear and unambiguous, we believe that it is not sustainable and it will be at a very high cost to continue to over-rely on importation of this product that God has blessed Nigeria with.

“As far back as 2011, we had a documented written agreement with government where they requested for a full-year monitoring period within which to ensure that the issue of importing products will be addressed.

“But here we are, many years down the line we are still at the same point. So, we thought that as NLC we must continue to be consistent and that is the process that actually drove the process of engagement of the NEC and the decision that was taken.”

Mr Wabba stated that as the union resumes negotiations with the government, they would be demanding for a timeline for which the new price hike would be in place as they believe the policy is not sustainable because it is dependent on factors like the foreign exchange rate which is beyond Nigeria’s control.

“We must also agree, like we did in 2011 – documented. When do we think we can be able to move into the next phase of fixing our refineries and also addressing the issue of bunkering and sabotage going on?

“We have realised that what is going on in the oil and gas sector, where most of our facilities are vandalized is because of the fact that it is cheaper and easier and you make quick money when you import and dispose of it.

“Therefore, it is like an incentive to those people that it is cheaper and easier to import product instead of working towards (rebuilding) the refineries,” he said.

Labour Union Ends Strike Called To Resist New Petrol Price

NLC, Strike, PetrolThe Ayuba Wabba faction of the Nigeria Labour Congress has suspended an industrial action called to resist the new price of petrol.

The leader of the union announced the suspension on Sunday.

It came after an emergency meeting of its organs – the National Working Committee and the National Executive Committee.

At the meeting, talks were focused on the strike and the way forward.

Mr Wabba said the strike was suspended due to the intervention of well-meaning Nigerians including the national leader of the All Progressives Congress, Senator Bola Tinubu.


In a statement issued after the meeting, Comrade Wabba said the industrial action was informed by the twin issues of the unjustified and illegal hike in electricity tariff and increase in the pump price of petrol.

The Congress also announced plans to resume negotiations with the Federal Government, with a view to resolving the issues that prompted the strike.

The NLC President added that the Congress would continue to resist wrong legislations, policies and programmes that would impact negatively on the lives of ordinary Nigerians.

Pump price of petrol was increase from 86.50 Naira to 145 Naira by the Federal Government on May 11.

The 67.6 per cent increase had angered the labour union, with the union saying it was insensitive.

 

NLC Strike Over Petrol Price Hike Enters Day Three

NLC, Strike, PetrolThe ongoing industrial action of the Nigeria Labour Congress (NLC) has lingered into the third day, as the labour union insists that the Federal Government must reverse the increase in the price of petrol.

In Osun State, the NLC members, the Joint Action Front and students of the Obafemi Awolowo University (OAU), Ile –Ife continued the peaceful protest, urging residents to reject the 145 Naira petrol pump price.

Commercial and other related activities in the ancient town went on as the protesters blocked the popular Lageere Roundabout, causing traffic for few hours whilst the protest lasted.

The workers comprising basically of members of the Academic Staff Union of Universities (ASUU) and the Non-Academic Staff Unions of Universities in OAU, moved from the campus to Mayfair roundabout, distributing flyers to motorists and people on the street.

NLC, Strike, Petrol

Leading the protest, the Chairman of ASUU in OAU, Dr. Caleb Aborisahde, told Channels Television that the Federal Government must rescind its decision, else the industrial disharmony would continue indefinitely.

He also urged the Federal Government to build local refineries to make the petroleum product readily available to Nigerians.

In Abeokuta, the capital of Ogun State and some parts of the state in southwest Nigeria, the compliance level in the industrial action remained the same.

Human and vehicular activities were in top gear, as residents defied the stay at home order of the labour union.

While monitoring the exercise in Abeokuta, a member of the human rights groups, Yinka Folarin, blamed the Federal Government for allegedly orchestrating the division among the leadership of the organised labour unions.

Meanwhile, the old long queues at fuel stations across the metropolis before the introduction of the current 145 Naira per litre of Premium Motor Spirit popularly called petrol is fast disappearing as residents can now get the commodity at ease.

In Nigeria’s northern region, the NLC Chairman in Plateau State, Jibrin Bancir, and a member of the Civil Liberty Organisation, Steve Aluko, said that the union had continued to monitor proceedings at the state and the federal secretariats where the entrances were locked.NLC, Strike, Osun

However, secondary school students were going about their studies, as the Trade Union Congress were not part of the ongoing strike with only the primary schools under lock and key.

Meanwhile, the Federal Government had directed all ministers, permanent secretaries and heads of government agencies to invoke the provision of “no work no pay” on any staff who is absent from work.

While the Ayuba Waba led faction of the NLC insists on carrying on with the industrial action, the Joe Ajaero led faction had reached an agreement with the government to set up a committee to resolve agitations over the new pump price of petrol.

Kano Workers, Youths Support Subsidy Removal

subsidy removalHundreds of youths and civil servants in Kano State, northwest Nigeria have protested in support of fuel subsidy removal.

While presenting a letter of support to the state’s Head of Service for onward transfer to President Buhari, leader of the youths, Usman Fagge, said that it was shameful and unfortunate that the Nigerian Labour Congress (NLC) has called for a strike at a time when Nigerians are celebrating success.

“Where were you when politicians were looting funds meant for our security?” This was the question repeatedly asked by the youths and civil servants.

They carried placards and pamphlets with various messages signifying support to President Buhari and the removal of fuel subsidy.

They expressed belief that the subsidy removal will in no doubt end the suffering of Nigerians, stressing that NLC leadership are being cowards.

Receiving the letter of support for President Buhari, the Kano State Head of Service, Auwal Naiya, told the youths and workers that President Buhari was fully aware of their situation.

While promising government’s commitment to making life better for Nigerians, he said that the removal of fuel subsidy would provide government with the opportunity to alleviate the suffering of Nigeria.

All government agencies in Kano opened for work and market places have also continued to operate.

There has been no report of protest by the NLC anywhere in the state.

The Kano State Police Command said that policemen had been deployed in all the exit and entry routes in Kano State as well as in many strategic areas across the state.

NLC Strike Deepens In Abuja As It Enters Day Two

Ayuba Waba, NLC, Strike, AbujaThe Ayuba Waba-led protest of the Nigeria Labour Congress (NLC) in Abuja on Thursday gathered more momentum as it enters its second day.

This comes as the Federal Government issued circulars to ministries and parastatals, threatening to enforce the ‘no work no pay’ rule on any government worker who participates in the industrial action.

The protesting labour leaders insisted that they would not be deterred by such directives from the government, as the union and its allies marched through the highways in the Federal Capital Territory.

Waba, who is the President of NLC, urged members of the union and other stakeholders to be willing to make sacrifices for the struggle.

However, some workers complied with the Federal Government’s ‘no work to pay’ warning, as workers at the federal secretariat and the National Hospital resumed work.

The Vice President of NLC, Peter Adeyemi, and a member of a civil society organisation, Jaye Gaskia, said that the number of those who believe in their course would not stop them from achieving success.

It is not yet clear how far the protesting workers are ready to press home their demands.

Negotiation meetings between the workers union and the Federal Government on Tuesday had ended in a deadlock, as the leadership of the NLC under Waba walked out of the meeting.

However, government reached an agreement with another faction of the NLC led by Joe Ajaero, to set up a committee to resolve agitations over the new pump price of petrol.

NLC Strike: Our Group Is Not Being Used – Ajaero

AJaero, NLC StrikeThe factional leader of the Nigerian Labour Congress (NLC), Mr Joe Ajaero, has dismissed the allegation that his faction of the union is being used to divide the NLC in order for government to have its way on the new petrol pump price.

Speaking on Channels Television’s Sunrise Daily on Thursday, Mr Ajaero critized the manner in which the Waba-led faction of the NLC has gone about the dialogue with the federal government over the issue.

He condemned the Waba group for making decisions affecting affiliate unions without consulting the leadership of those unions.

He added that the petroleum workers belong to his group of the NLC and were key players in the issue being debated, and would not have their interests misrepresented.

He admitted that the increase in petrol price was high at 145 Naira but there were different schools of thought, which includes the demand for palliatives, while some felt the President by his credibility deserved some trust.

 

Divided House

Mr Ajaero affirmed that the two factions of the NLC have been in existence since the 2015 election of the Nigeria Labour Congress. Although there have been efforts to reconcile them but these have not been successful.

He said that the decision of the government to negotiate with both factions of the union must have been because the issues at stake required that all stakeholders be involved.

He explained further, “The federal government realised that the issue at stake was petroleum and NUPENG made it clear that the other group cannot represent their interest, this is the NLC they belong to and they sent the invitation across.

“We got there in the spirit of joint leadership and the other group said they were not going to talk. I think we were the ones who carried ourselves to the federal government to show our division.

“Ordinarily if we had a unified position and carried it to the federal government, they would stand by it.”

NLC Strike: Ondo Workers Join Protest, Call For Reversal Of Petrol Price

ondo workersWorkers in Ondo State on Wednesday complied with the directive of a faction of the national leadership of the Nigeria Labour Congress (NLC).

Workers in the south western state abandoned their duty posts to stage a peaceful protest against the decision of the federal government to increase the official pump price of petrol.

The workers trooped out into the major streets of Akure, the State capital, chanting solidarity songs against the fuel price increase.

The usual heavy traffic ‎on the major roads in the city was absent as very few commercial and personal vehicles were plying the roads.

Commercial activities were also reduced drastically as other workers not taking part in the protest stayed indoors.

The labour leaders accused the federal government of not consulting properly with the relevant stakeholders before going ahead to increase the official pump price of petrol.

They, therefore, called for the reversal of the price of the product to the old price of 86 Naira per litre.

Public Schools, Banks Closed As NLC, JAF Protest In Osun

NLC, Strike, OsunResidents in Osogbo, the Osun State capital woke up to traffic gridlock and lull in commercial activities as members of the Nigerian Labour Congress and civil society groups under the  Joint Action Front (JAF) took to the streets.

Chanting solidarity songs, they protested the increase in the price of petrol in compliance with the directive of the NLC.

‎The protesters who mounted a roadblock at the Olaiya roundabout which is the major entry route into the town, also sat on the floor making it impossible for motorists to drive in and out of the state capital.

Back at the state secretariat in Abeere, some labour leaders were on standby preventing workers from gaining entrance into the premises.

Banks ‎and other government parastatals were shut, students of public schools were sent back home, while shops and market places in the town were half open for business activities.

While speaking with journalists during the protest, the State Chairman of the Nigerian Labour Congress (NLC), Comrade Jacob Adekomi, said that the strike would go on as long as the government refuses to yield to their demands.

He noted that as far as they were concerned in Osun State, the strike has been successful.

The Chairman of ASUU in Obafemi Awolowo University, Ile Ife, Dr. Caleb Aborisade, said, “Throughout Nigeria, we held a special congress yesterday and we have all resolved that this strike is indefinite and is total.

“We have resolved to pursue it until Federal Government listens to our voice. If they refuse to listen, we will not surrender too.”

 

 

 

Federal, State Civil Servants Join NLC Strike In Cross River

Workers-protestBoth federal and state civil servants in Calabar, the Cross River State capital joined in the nationwide NLC strike protesting the hike in petrol price.

Public schools as well as the state secretariat remained locked.

Labour unions took to major streets of Calabar in a solidarity walk carrying placards with different inscriptions to convey their disapproval over the hike in petrol price and electricity tariff by the Buhari-led administration.

The labour unions are demanding that the President see to it that the nation’s refineries begin to function and salaries of civil servants are increased before government can increase petroleum pump price.

Strike Will Expand As It Progresses, NLC Confident

NLC, Strike, Amechi AsugwuniThe leadership of the Nigeria Labour Congress (NLC) are confident that their nationwide indefinite strike to protest fuel price hike announced by the Federal Government would achieve its purpose.

“The strike commenced this morning as I speak to you and as we progress on the indefinite strike, it will expand itself,” Vice President of the Nigeria Labour Congress (NLC) Amechi Asugwuni, said on Channels TV’s Sunrise Daily.

Talks between the federal government and the Ayuba Wabba-led Nigeria Labour Congress (NLC) had ended in a deadlock on Tuesday evening.

The NLC delegation to the meeting, led by its President, Mr Ayuba Wabba, walked out of the negotiation following the inability of the two parties to reach an agreement and thereafter told journalists that the strike would hold on Wednesday as planned.

This was after the National Industrial Court had restrained the Nigeria Labour Congress (NLC) from going on its planned strike, pending the hearing and determination of a suit brought before it by the Attorney General of the Federation (AGF), Abubakar Malami.

Mr Asugwuni, however, said that the NLC was unaware of any court order stopping it from embarking on strike.

He maintained that as far as they were concerned, the NLC had no case with the Federal Government at the Industrial Court and there has been no summon to the contrary.

Mr Asugwuni said that if there was anything of such, it would be communicated with due process followed and not based on newspaper headlines or an interview granted the media.

“If at all the AGF got the injunction as claimed, the truth of the matter is that it is total disrespect for dialogue.

“That is to tell you that even while they were with labour on the table, they had already started the court processes against our interest. So they were not sincere from the beginning,” he said.

He insisted that labour’s insistent on proceeding with the strike was in the interest of the people.

NLC Is One

Mr Asugwuni also argued that the Wabba-led faction of the NLC remains the legitimate NLC that should be recognised by the government and citizens.

“NLC is one in Nigeria. So when I see people talk about faction, they are trying to play down on Nigeria’s constitution.

“Looking at the Federal Government through the comrade governor, Adams Oshiomhole, giving recognition to an impersonator also looks criminal. As far as we are concerned, it must be discouraged.

He also questioned the credibility of the position held by the Ajaero-led faction of the NLC.

“I watched Ajaero talk and you can see his posture. It was a stage-managed interview trying to divide the opinion of people but they can’t stand.

“Nigerian Labour Congress is one and we have one office, one President who is Comrade Ayuba Wabba, and who is right there in his office.

“The just concluded May Day, the federal government was represented and they were there. So how can they turn back now? Because you want to divide the house, you start recognizing people you already know are neither here nor there.”